Company registration nurnber.. 05181856
Charity. registration i)umber: 1106088
City Arts (Nottingham) Ltd
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended i l March 2024
Community Accounting Plus
Units l & 2 North West
41 Talbot Street
Nottinu
NGI 5GL

City Arts (Nottingham) Ltd
Contents
Reference and Adminlstrative Delails
Trustees, Report
2to7
Independent Examine¢s Report
Statement of Financial Activities
9tolO
Balance Sheet
Notes to the Financial Statements
12to21

City Arts (Nottingham) Ltd
Reference and Administrative Details
Trustees
Michaela Butter
Martin Orrell
Michèle Taylor
James Parkinson
Frances Franks
Boseda Olawoye
Kevin Love
Néstor Valer(FSilva
Mary Strickson
Joel Stickley
Seeretary
Senior Management Team
Suzannah Bedford. Director
Joel Stickley, Deputy Director
Charity Registration Number
1106088
Company Registration Number
05181856
Registered O￿lCe
I l-lj Hockley
Nottin2ham
NGI IFH
Independent Examiner
John O'Brien, employee of
Community Ac¢ounting Plus
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL
Page I

City Arts (Nottingham) Ltd
Trustees, Report
The trustee5, who are director5 for the PUTPOSe5 of company law. present the annual report together with the
financial statements of the charitable company lor the year ended 31 March 2024.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows..
Trustees..
Mi¢haela Butter
Martin Orrell
Mlchèle Taylor
James Parkinson
Frances Franks
Boseda Olawoye
Kevin Love
Néstor Valerfrsilva
Mary Strickson (appointed 25 July 202))
Secretary:
Joel Stickley
Structure? governance and management
Nalure ofgoverning documenl
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its
memorandum and articles of association dated 16 July 2004. It has no share capital and the liability of each
member in the event of w'inding-up is limited to £ l.
Recruilment and appointment of Irustees
New trustees are recruited by inviting potential candidates to tour our Hockley base, meet chair and staff and
observe a Board meeting before standing for election through the due process at the AGM.
Objectives and activities
Objects and ainLS
The objects of the charity are as follows=
(a) The advancement of education and training in the arts and cultural industries with the object of increasing
community parti¢ipation and development.
(b) The provision of faciliiies for recreation or other leisure time occupaiion in the interests of social welfare
with the object of improving the conditions of life for the inhabithnts of Nottingham City, Nottingha]nshire and
the East Midlands in particular (the 'area of benefit"):
(c) The relief of poverty and promotion of social inclusion and integration among the inhabitants of the area of
benefit.
Page 2

City Arts (Nottingham) Ltd
Trustees, Report
The aim5 of the charity are as follows-
(a) To purchase or othenvi5e acquire OT found and to carry on Schools and training courses, and to run lectures,
seminars, conferences. exhibitions. shows. festiva15, master classe5 aT]d course5. particular but not exclusively in
the field of community arts and culturdl Industries-
(b) To publish books, pamphlets, reports, leaflets. journals. films and instructional matter.
(c ) To und¢rtaLe and disseminate research considered necessary for the achievement of the Company's objects.
(d) To ciFoperate with other charities. voluntary bodies and siaiulory authorities operating in furtherance of the
obje¢ts or similar chariiable purposes and to exchange inlomlation and advice with them.
Aehievements & performance
Since 1977, we have been breaking do1￿ barriers to reconnect people with art. culture and creativity. We
collaborate with communities and artists to create and explore art of all kinds. making sure our work is inclusive
and relevant by listening to ￿'hat communities need. We stand up for people who are under represented in the
arts. We see talent where it has been overlooked and undervalued. We believe that everyone is an artist.
During 2023124, we delivered a range of projects focusing on supporting individual access to creativity.. working
with communities to create inspiring projects and events, and nurturing marginalised artists.
Citizen Artists
Get Creative
The Get Creative project continued to offer a vital space for therapeutic art activities, specifically designed to
support learning-disabled artists. This year. the programme facililated 48 workshops with a total attendance of
220. We also supported participants in putting on an exhibition shoii'casing their work in our WindoNTr Gallery,
drawing an estimated audience of 6,371. The exhibition launch events were attended by friend5 and family of
the artists, as well as various dignitaries including the MP for NottIng￿a￿ South and representatives from Arts
Council England.
City Arts Hosts
Our City Arts Hosts programme continued to provide a supportive environment for peer-led creative groups in
the city. This year, five groups focusing on issues such as disability, mental health, and refugee status, were
supported. With over 100 individuals attending workshops. performances and meetings throughout the year,
11-13 Hockley provided an inclusive space for creative expression and community building.
Your Place
Hoopla
With the support of Small Steps. Big Changes, the Hoopla mini-festivals returned this summer. again targeting
families with young children in Nottingham's most deprived wards. With four mini-festivals held in public
parks, the events saw a 150 /0 increase in attendance from the previous year, totslling 915 participants. Survey
data indicated that 470/0 of attendees had not engaged in any arts event5 in the past year, demonstrating the
festivals, role in broadening access to cultural activities. With on-site provision from health and education
partners alongside the creative fun. 97 /0 of respondents said that Hoopla allowed them to access activities they
would not otherwise have access to.
My Voice, My Place
The My Voice My Place project, in collaboration with Jigsaw Homes. involved local residents in the creation of
the film "Carlton England,, exploring local idenlity in their words. The film received over 2,000 views in
its first month online and premiered at a community event attended by l 00 local residents.

City Arts (Nottingham) Ltd
Trustees, Report
Artist Development
Residence
Residence puts arts funding into the hands of local people. with Community Curator5 empowered to award
development bursaries to marainalised artlsts, providing them with mentoring and support to advance their
careers. This year's selected artists were all people who have faced barriers in their career because of attitudes to
their disability, gender, ethnicity or Soci￿ecOnoMiC background. Working across portrait photography, oil
painting and installation ar¢ the artists will deliver their ￿"ork for a shared sho￿.CaSe event and exhibitions in
early 2024125.
Elevate
Elevate offers free courses helping 18-JO year olds in Nottingham & Nottinghamshire jump start their creative
careers. Attending a programme of workshops and talks delivered both in-person and online, this year's cohort
was enthusiastic and diverse, with 7J /0 from demooraphic5 under-represented in the arts and creative industries.
In end-of-project feedback: 100% of participants said that taking part in Elevate gave them knoM,ledge and
connections which would help their career.
Associate Artists
We provide workspace and support for artisls from backgrounds under-represented in the arts, or whose work
engages with under-served communities. This year, we supported four individual artists and two organizations
as associates: offering workspace and resources throu?hout the year. One associate artist, Honey Williams, held
a residency in our main studio and presented her work in the Window Gallery.
The Window Gallery
Our shop front window hosts exhibiiions throughout the year. the majority of which showcase work from across
our programme. Footfall (calculated for us by a research team from the University of Nottingham) is 8Ji people
per weekday, with 277 stopping to look at the exhibition. The gallery hosted eight exhibiiions over the year,
with a total estimated audience of 5?,738. Feedback from visitors was overwhelmingly positive, with l OOQ/o of
people responding to the QR-code-linked survey raling the exhibitions as "Very Good."
Partnerships
Artployrncnt
The Artployment project. part of an Erasmus+ funded collaboration, produced a toolkit for youth Worke￿ to
support young people in creative careers. The toolkit was published in English and Spanish with launch events
in Denmark, Honduras, Colombia and the UK.
Heart
This partnership with the University of Nottingham s Biodiscovery Institute connected creative practice, life
sciences research and grassroots community Qroups to further the public understanding of science and fight
health inequalities. Work cfrcreated by community members. inspired by BDI research and sUPPOrted b). textile
artist Anna Wickramasinha resulted in the creation and exhibition ol the Amazing Technicolour Labcoat,
exhibited in our Window Gallery and at BDI. as well as touring to Massachusetts Institute of Technology.
Page 4

City Arts (Nottingham) Ltd
Trustees, Report
Nottingham Puppet Festival
During 20?J124, work started on this ACE Project Gtant-funded collaboration with Theatre Royal & Royal
Concert Hall, with delivery partners including Lakeside Arts. Broadway. Nottingham City Libraries and the
Squire Perfomiing Arts Centre. Delivery of the main festival programme will take place in early 2024125,
including a large-scale city centre takeover.
Young Producers
Young Producers 15 a group for 18-30 year olds looking to be a part of Nottinghatn'5 thriving creative scene. Foi
many years, we have supported them to deliver self-led projects using our building as a base. In November, we
showcased their work in our Window Gallery.
Poety on the Go (POGO)
Initially an Erasmus+ funded project, POGO is an Augmented Reality mobile app shO￿,caSIng poetry to young
people across Europe. This year, we developed a new partnership ￿'1th Nottingham City Libraries which will
bring POGO to interactive large screens in Nottingham libraries in 2024125.
Data Art
A partnership with the University of Nottingham to explore creative approaches to the interpretation and
presentation of environmental data. Two artists were commissioned to respond to Nottingham air pollution data-
their work will be exhibited at the University of Nottingham s new Castle Meadow campus.
Puppets on Tour
Our large-scale carnival puppets created as part of previous projects are available for community and
commercial hire. supporting outdoor ev¢nts in Noiiingham and beyond. Cli¢nis this year included T￿y¢r0$S
Zoo, Nottingham Business Improvement Disirict. Gedling Borough Coun¢il and the National Trust.
Nottingham Light Night
Since 2008, City Arts has COT]tributed to the annual Light Night event Tun by Nottingham City Council,
providing workshops and performances. This year s contribution included work from Zodiac Carnival Troupe
and Howlers, as well as the youth carnival troupe we host as part of our Associate Artists programme, Inspire
Urself.
Context and Funding
City Arts faces significant challenges in continuing to deliver our charitable objectives in the current
environment.
Faced with a £58m deficit. Nottingham City Council have fIled a Section 114 notice, effectively declaring
bankniptcy. This means that 202J124 is the last year in which City Arts Mill receive the culture grant from the
council which has been part ol our income for many year5. In addition to this. our core funding from Arts
Council England has remained at the same level since 2018. meaning there has been a real terrn5 Cut of 260/0
after inflation.
This erosion of core funding is exacerbated by a fuv]ding envirollment where bidding for funds from
grant-giving trusts and foundations has become massively more competitive. Developing income-generating
partnership projects - is made more difficuli by the faci that many potential partners are also affected by all of
the above factors.
Page 5

City Arts (Nottingham) Ltd
Trustees, Report
However, our response to this ha5 been to raise our ambitions rather than retreat. Despite the challenging
funding environment, we achieved core funding from Paul Hamlyn Foundation for ) years. We also secured
project funding frorn the Foyle Foundation to support our work going into 2024125. Our partnership with
Nottingham Theatre Royal Concert Hall secured £98k to deliver Nottintsham Puppet Festival, a city-wide
programme of shows, outdoor arts and hands-on creativity that reaches into Nottinuham's most under-served
communities. We strengthened our partnership with the unive￿Ity of Nottingham, embarking oli joint projects
to tackle health inequality through arts and life science.
The above list of projects represents a year of ambitious and varied activity, in which our devoted and talented
team worked to overcome a challenging environment and deliver a programme of responsive, impactful work.
At City Arts, we fundamentally believe in the power of creativity to bring people together, trdnsforni places and
spaces, and change lives.
Public benefil
(a) They advance education and training in the arls and cultural industries, increasing community participation
and development.
(b) They provide facilities for recreation and other leisure time occupation in the interests of social welfare,
improving the conditions of life for the inhabitants of Nottingham City, Nottinghamshire and the East Midlands
in particular (the "area of benefit").
( c) They relieve poverty and promotion of social inclusion and integrdtion among the inhabitants of the area of
benefit.
The trustees confirm that they have complied ￿'1th 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.
Principol risks and uncertaintie5
Competitivefunding environmenl
Withdrawal of funding by Notiingham City Council: a significantly more competitive funding environment iii
tems of grants from Irusts and foundations: financial instability of poteniial partners for ii)come-generating
work; standsiill funding from Arts Council England in an inflationary environment, meaning that the entire arts
sector has experienced significant real-terms cuts year on year since 2018.
Financial rei'iew
We end 202J124 ￿'1th £40,470 reserves. against our reserves policy of £50,000. Whilst we have delivered an
extensive programme of activity, havino attracted a significant amount of restricted funds to support this, we
have not reached our reserves target for this financial year.
The position shown in our end of year fi(Fures is the result of a ma55ive amount of work in an increasingly
difficult fundraising and economic environment. Work 15 ongoiv]g to fundraise for project delivery and core
costs including salaries and overheads. The quality of our programme enable5 US to attract graT]ts and income for
our work, as well as Strong partnerships to bring greater value to communities in Nottingham.
Policy on reserves
We aim to maintain a level of unrestricted reserves of £50,000. which is approxitnately three months, running
costs (exclusive of project delivery). Thi5 is to ensure that we have a buffer in the event of adverse cashflow and
is reviewed annually at the AGM. Since 2020. we have ended each financial year at or near this target level.
B¢cause of the nature of our funding and the cvcles of grant-givin& our reserves level will vary (hroughoui th¢
year, so ￿'e assess our position on the basis of the year*nd balance.
Page 6

City Arts O¥ottingham) Ltd
Trustees, Report
Statement of Responsibilities
The tn]sÉ¢e5 (who aff also the directors of City ATts (Notlingham) Ltd for the purpos¢s of company law) are
responsible for preparing the INstees' report and the financial statements in accordance wilb applicable law and
United Kingdom Accounting Standar(L4 (United Kingdom Generally Ac¢¢pted Accounting Practice), including
FRS 102 The Financial Reporting Standard applicable in the UK and Republi¢ of ITelaud" The report and
accounts have begn prepared in accordance with th¢ provisions in the Companies Act 2006 relating to small
companies.
Company law ￿ll1T￿ the tnlstees to prepar¢ financial statements for each fjnancial year. Und¢r company law
the trustees must not approve the financial stst¢menls unlass they are satisfied that they givc a true and fair view
of the state of affairs of the chariiable eornpany and of the incoming resources and application of resources.
including its income and expenditure. of the charitable company for tiwl perio￿ In prepariDg thes¢ financial
stslements. the trusl¢¢s ar¢ required to:
select suitable accounting policies and appty them COTLSiStently:
observe the methods and principles in the Charitie5 SORTr.
njake judgeroents and estimates that are reasonable and pnth
stale whether applicable 4ccounting standar(Ls. compTising FRS 102 have been followed subject to any
material departures disclosed and explained in the flliallcial 5tatemeDts" and
prepare the financial statements on the going concern b&sis unless it is inappropriate to presume that ihe
charitable company will continue in business.
The trustees are respoTJsible for keeping proper accounting records that can disclos¢ with reasonable accuracy at
any limc the financial position olthe charitable company enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and bence for taking reasonable steps for the preventioll and detection of fr8ud aod other irregularitles.
Th¢ trustws are responsible for th¢ maintenance and integrity of the corporate and financial illforniation
included on the chariiable eompanys website. Legislatxon governing the preparation and dissemsnation of
financtal stalemenis may differ from legislation in other jurisdictions.
Small companies provlslon statement
This report has been prepared in accordance with th¢ small companies regime under the Companie5 Act 2006.
The annual report was approved by the trustees of the charity on 26 November 2024 and signed on its behalf by:
Mi¢haela Butter
Truste¢
Page 7

City Arts (Nottingham) Ltd
Independent Examiner's Report to the trustees of City Arts (Nottingham) Ltd ('the
Company,)
Independent exalniner's report to the trustees of City Arts (Nottingham) Ltd ('the Company,)
I report to the charity trustees on my examinaiion ofthe accounts of the company lor the year ended 31 March
2024.
Re5ponsibilitie5 and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of Company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
('the 2006 Aa ).
Having satisfied myself that the accounts of the Company 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 your charity's
accounts as carried out under section 145 of the Charities Act 2011 (-'the 2011 Act,). In carrving out my
examination I have follom'ed the Directions given by the Charity Conunission under section 145(5)(b) of the
2011 Act.
Independent examiner's Statement
Since the Company's gross income exceeded £250.000 your examiner must be a member of a body listed in
section 145 of the 2011 A¢1. l Confirm that l am qualified to undertak.e the examination because l am a member
and Fellow of the Association of Charity Independent Examine￿, whi¢h is one of the listed bodies.
I have ¢ompleted my examinaiion. I confim) thai no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Company as required by section )86 of the 2006 Acl; or
2. the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section J96 of the 2006 Act other than any
requirement that the accounts give a 'trne and fail view which is not a matter Considered as part of ali
independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charitles preparing their
accounts in accordance with the Financial Reporting Siandard 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 attention
should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached.
Joliii O'Bri¥ii I￿lsC, FAIA, FLCA, FCIE, employee of Community Accounting Plus
Fellow of the Association of Charity Independent Examiners
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL
1811212024
Page 8

City Arts (Nottingham) Ltd
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Restrided
runds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
157,777
58.561
196
157,777
270,203
196
141 ?38
162,951
64
211,642
Total income
?16,5)4
211,642
4?8,176
304,253
Expenditure on:
Charitable activities
(268.228)
(176.772)
(445,000)
(308,750)
Total expenditure
(?68.??8)
(176.772)
(445,000)
(308,750)
Net (expenditure)/income
Transfers between funds
{51,694}
(16,824)
(4,497)
(J9 ?62)
Other reeognised gains and
losses
Gains11055es on revaluation of
fixed asset5
25,000
Net movement in funds
{12,432)
(4,392)
(16.824)
20,503
Reconciliation of funds
Total funds brought fonvard
93,678
166,582
146,079
Total funds carried fonvard
19
60,472
89,286
149,758
166,582
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for the period is shown in note 19.
The notes on pages 12 to 21 form an integral part of these financial ststements.
Page 9

City Arts (Nottingham) Ltd
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
Unrestricted
Restricted
Total
funds
funds
2023
Note
Income and Endowmenls from:
Donations and legacies
Charitable activities
Investment income
141,2)8
72,719
64
141,2J8
162,951
64
90.232
Total income
214,091
90,232
304,253
Expenditure on:
Charitable activities
(?14.861)
(93,889)
(308.750)
Total expenditure
(?14,861)
(93,889)
(308.750)
Net expenditure
Other recogni5ed gains and105se5
Gains/losses on revaluation of fixed assets
(840)
(),657)
(4,497)
25,000
25,000
Net movement in ￿ndS
24.160
(3,657)
20,503
Reconciliation of funds
Total funds brought fonvard
48,744
146,079
Total funds carried fonvard
19
72,904
93,678
166,582
The notes on pages 12 to 21 form an integral part of these financial ststements.
Page 10

City Arts (Nottingham) Ltd
(Registration number: 05181856)
Balante Sheet as at 31 Trlarch 2024
2024
2023
Fiied &syets
Tgllgible assetb
14
20.(KK)
25.000
Current as$ets
Debtors
Cash at bank and in hand
15
16
30.592
103.607
15,470
129,649
134,199
14i,119
Creditors: Amounts falling du¢ within One year
17
(4,441
3,)37)
Net current assets
129,758
141.582
149.758
166.582
Net assets
Funds of the charitv.
Restricted incon* funds
Restricted funds
19
89286
93.678
Unreytricted Infon￿ funds
Unrestiicted funds
60,472
Total funds
19
149,758
166,58?
For the fm8ncial ve8r ending 31 March 2024 the charity i*as entitled to Cx¢Mpti￿ from audit under section 477
of the Companies Act ?O(kn relating to small compapie&
Directors, responsibilities:
The Me[￿b￿S have not required the ¢haritY to obtsin an auth"t of its a¢coullts for the year in question in
accordance ￿1th section 476", and
The th'rectors a¢knowl¢dge their restK)nsibilities for u>n]plying with th¢ requ]ments of the Act with respect
to accounting ￿Or(LS and the prepardtion of a¢counl&
These finallGial stat¢ments hai'e beeu PrePa￿d in accordanc£ with the swial proNrysiolls relating to companies
subject to the small companies regime ￿1th]n Part 15 of the Companies Act
The financial statements on pages 9 to 21 ivere approved b). the b1￿CeS. and authffised for issue on 26
November 2024 and signd on their behalf b!,:
FnllLC¢S
TnLslee
The notes on pagt3 12 to 21 form an illteg￿ part of tlKse fllMll¢i81 statements.
Pagell

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
l Accounting policie5
Sumtnarv of significant accounting policies and key accounting estimates
The principal accounting policie5 applied in the preparation of these financial statements are set out below.
These policies have been con51Stently applied to all the years presented, unless otherwise Stated.
Statement of cotnpliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 2019)
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparation
City Arts (Nottingham) Ltd meels the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting
policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material
uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to
continue as a going concern. The trustees tnake this assessment in respect of a period of one year from the date
of approval of the financial statements.
Exemption from preparing a cash flow slatelnent
Under the exemption available io smaller charities the Board of Trustees has chosen not to include a Statement
of Cash Flo￿.$ ￿ ithin the financial statements.
Income and endoivments
Voluntary income including donations. gifts. legacies and grants that provide core funding or are of a general
nature is recognised when the charity has entitlement to the income, it is probable that the income will be
received and the amount can be measured with s￿￿1¢ient reliability-
Donalion5 and legacie5
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
In the event that a donation is subject to conditions that require a level of perfornlance by the charity before the
charity is entitled to the funds. the income is deferred and not recognised until either those conditions are fully
met, or the fulfilment of those conditions is wholly within the control of the charlty and it is probable that these
conditions will be fulfilled in the reporting period.
Grants receivable
Grants are r¢¢ognised when the charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where perfonnance conditions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheel as deferred income to be released.
Page 12

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
Inveslmenl income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend
due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to thal category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistenl w'ith the use of resources, with central staff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Charitable aclivili
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
Taxation
The charity 15 considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable coinpany for UK corporation tax purposes. Accordingly, the
charity is potentially exempt from taxation in respect of income or capital gain5 received within categories
covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable
Gain5 Act 1992, to the extent that such income or gain5 are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed a55ets costing £500.00 or more are initially recorded at cost. less any subsequent accumulated
depreciation and subsequent accumulatcd impairm¢nt losses.
Depreciation and amort15atio
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value. over their expected useful economic life as folloivs:
Asset class
Computer equipment
General equipment
Leasehold improvements
Depreciation method and rate
J).) % on a straight line basis
?OO/o on a straight line basis
250/0 on a straight line basis
Within General equipment there a￿ 5 puppets which were valued at £5,000 each in 202).
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services perfonned iv] the ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are subsequentlN' measured at amortised cost
using the effective interest method, less provision for impairnient. A provision for the impainnent of trade
debtors is established when there is objective evidence that the charity will not be able to collect all amounts due
according to the original ternis of the receivables.
Page IJ

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trnstees, discretion in furtherance of
the objectives of the charity.
Reslricted income funds are those grants for use in a particular area or for specific purposes. the use of which is
restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribuiion pension scheme for emplovees. The assets of the scheme are held
separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the
contributions payable by the charity durino the year.
2 Income from donations and l¢gaci¢5
Unrestricted
funds
General
Total
2024
Total
2023
Donations and legacies;
Donations from individuals
Granls, including capital grdnts;
Government grants
Grants from other charities
2,816
2,816
3,212
17.770
lJ7,191
17,770
lJ7,191
19,315
118,711
157,777
157,777
141 ?38
Page 14

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
3 Income from charitable actii'ities
Unrestrieted
funds
General
Restrieled
funds
Total
2024
Total
2023
Grants & donations
Fees & commissions
Programme5 & activities
Facilities & re50urces
Other income
211,642
211,642
49,362
90,232
63,422
360
8.824
113
49,362
9,100
99
9.100
99
58,561
211,642
270,?OJ
162,951
4 Grants & donations
Unrestricted
funds
Restricted
funds
Totsl
Arts Council England
Theatre Royal & Royal Concert Hall (Nottingham)
Erasmus
University of Nottingham
Foyle Foundation
Paul Hamlyn Foundation
Small Steps Big Changes
Jigsaw Homes
Nottingham City Council
The Park Garden Trail
Gedling Borough Council
Sundry donations
105,311
2.491
88,920
107,802
88,920
29.000
29,000
28,200
10,860
6,200
17,770
3.680
500
2,816
28,200
10,860
6.?00
17,770
500
2,816
157,777
211,642
J69,419
5 Investment income
Ullrestricted
funds
General
Total
2024
Totsl
2023
Interest receivable and similar income:
Interest receivable on bank deposits
196
196
64
Page 15

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
6 Net incominWoutgoing resources
Net outgoing resources for the year include=
2024
2023
Depreciation of fixed assets
5,000
1,657
7 Expendilure on charitable activities
Unrestricted
funds
General
Restricled
funds
Total
2024
Total
2023
Project costs
Depreciation
Staff travel & subsistence
Premises costs
o￿lCe costs
Professional & consultancy fees
Insurance
Wages, Nl & pensions
Bank charges
Accounting & payroll
Staff recruitment
Refreshments
Oruanisational Development
Sundry payment5
IT & communications
Board costs
Marketing
Utilities
151,581
151,581
5,000
,225
24,006
2,369
58,878
7,096
17?,665
63
48,909
1,657
857
5,000
24,006
23,377
2,?97
43,887
7,327
158,463
21.320
7,096
168,794
3.871
2,561
78
2,561
78
2,455
154
154
289
2.618
2,618
4,815
50
8,257
470
2,019
3,500
6.459
1,916
6,459
,916
,260
7,071
7.071
268 ?28
176,772
445,000
308,750
8 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity's independent examiner Community
Accounting Plus are analysed as follo1￿.$-
2024
2023
Independent examination
Other financial services
,080
874
975
903
1,954
1.878
Page 16

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
9 Related party transactions
There were no related party transactions in the year.
l O Staff cosls
The aggregate paj'roll costs were as folloM's-
2024
2023
Starr costs during the year were:
Wages and salaries
Social security costs
Pension costs
162,3J6
7,199
149,447
6,145
2,871
172,665
158,463
The monthly average number of persons (including senior management team) employed by the charity during
the )'ear was as follows-
2024
No
2023
No
Average number of employees
6 (2023 - 6) of the above employees participated in the Defmed Contribution Pension Schemes.
Contributions to the employee pension Schemes for the year totalled £3,130 (202) - £2,871).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £69,190 (202) - £68,374).
I l Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remunerdtion from the charity during the
year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
12 Taxation
The charity is a registered charity and is therefore exempt from Lqxation.
13 Charity statu$
The charity is a company limited by guarantee and consequently does not have share capital. Each of the
trustees is liable to contribute an arnount not exceeding £1 towards the assets of the charity in the event of
liquidation.
Page 17

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
14 Tangible fixed a55ets
Computer
equipmenl
General
equipment
Leasehold
improvements
Total
Cost
At l April 2023
14,371
133,026
5.284
152,681
At i l March 2024
lJ3,026
5,284
152,681
Depreciation
At l April 202J
Charge for the year
14,371
108,026
5.000
5,284
127,681
5,000
At 31 March 2024
14,371
13,026
132,681
Net book value
At 31 March 2024
20,000
20,000
At JI March 202J
25,000
25,000
15 Debtors
2024
2023
Trade debtors
Prepayments
28,570
2,022
13,141
2,329
15,470
16 Cash and cash equivalenls
2024
2023
Cash on hand
Cash at bank
101
103,506
110
129,539
103,607
129,649
17 Creditors: amounls falling due within one year
2024
2023
Other taxation and social security
Other creditors
3,145
1,296
2,367
1,170
4.441
3,537
Page 18

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
18 Obligations under lease5 and hire purchase contracts
Operating lease commitments
Total future minimum lease payments under non-can¢ellable operating leases are as follows:
2024
2023
Land and buildings
Within one year
Between one and fLve years
14.000
14,000
19 Funds
Balance at
31 March
2024
Balance at I
April 2023
Incoming
resources
Resources
expended
Transfers
Unreslricled funds
General
General fund
47,904
216,5)4
(26J,228)
39,262
40,472
Other
Revaluation reserve
25,000
(5.0(K))
(5.000)
20,000
25,000
20,000
Total unrestricted fund5
72,904
216,5J4
(?68,2?8)
60,472
Restricted funds
Artist development
programme
ArtPloyment
My Voice My Place
Nottingham puppet festival
Poetry on the Go
BDI (University of
Nottingham)
Hoopla (SSBC)
Residence (Arts Council
England)
29,000
(7,008)
{44,462)
(5,35J)
(17,429)
(66,910)
(15,597)
(2,397)
(1,347)
{20,000)
(4,82J)
6,395
8,978
6,700
88,920
51,491
35.790
10,860
(20.900)
(9,007)
6.510
(1,853)
21,400
10,000
10.000
2.967
2.491
(5.703)
245
Total restricted funds
9),678
211,642
(176.772)
{)9,262)
89,286
Total funds
166,58?
4?8,176
(44i,000)
149,758
Page 19

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
The specific purposes for whlch the funds are to be applied are as follows:
ARTplovment (2021
10?3)'. Fundin£ from Erasmus+ to deliver a creative skills and career development
programme for young people from different countries, in collal)oration ￿'1th international partners, including
both European and South American organisations.
Poetry on the Go (PoGo)= Funding from Erasmus+ to collaboratively develop a smart phone app exploring and
celebrating poetry from different cultures, working with international partner organisations and young people in
their respective home countries.
Hoopla - funding from Small Steps Big Changes (SSBC) - this project aimed to bring bespoke outdoor festivals
for families with early-years children to communities under-served by the city's cultural offer.
Residence an artist development project funded through an Arts Council England project grant, Residence
aimed to support disabled artists. black artists and artists from communities lowly Tanked for socifreconomic
status in the development of their skills and careers.
Artist development programme - This was funded by the Foyle Foundation and covers the following activities..
Elevate Young People's Training Programme: Young Producers Takeover. RESIDENC.E Community Panel
Programme; RESIDENCE Artists Bursary Programme: Disability Summit Venue Perforniance Programine &
Window Gallery Programme.
Nottingham Puppet Festival - work started on this ACE Project Grant-funded collaboration with Theatre Royal
& Royal Concert Hall, M'ith delivery partners including Lak"eside Arts. BroadNTray. Nottingham City Libraries
and the Squire Perfonning Arts Centre. Delivery of the main festival programme ￿111 take place in early
2024125.
My Voice My Place - This project was in collaboration with Jigsaw homes and involved local residents in the
creation of the film 'Carlton England..
BDI - This is a project in partnership with the University of Nottingham's Biodiscovery Institute which connects
creative practice, life sciences research and gras5fiK)ts community groups to further the public understanding of
science and fight health inequalities.
Last year there were the follow'ing restricted funds..
Blue to Green - funded by Nottingham Community and Voluntary Service's Greenspace programme, the Jigsaw
Foundation and Nottinghamshire County Council's Covid Partnership Recovery Fund. Blue to Green provided a
series of participatory art workshops to Nottingham and Nottinghamshire residents to support mental wellbeing.
Elevate Project: supported by Broadway's Near Now progrdmme. The Prince's Trust and Big House, Elevate
was a programme of skills and career development for young creatives taking non-traditional routes into the
arts.
The transfer from the General fund to the Residence fund is to cover the deficit on this activity and the transfer
in to the BDI fund is to adjust for funds not restricied in previous years.
The transfers to General fund from all the other restricted funds are re-allocations to correct the closing balances
on these funds and to account for further overhead costs not previously allocated.
Page 20

City Arts (Nottingham) Ltd
Iyotes to the Financial Statements for the Year Ended 31 March 2024
Other
recognised
gainsl(losses)
Balanee at
31 March
2023
Balance at I
April 2022
Incoming
resources
Resources
expended
Unreslricled funds
General
General fund
48,744
214,021
(214,861)
47,904
Oiher
Revaluation reserve
25,000
25,000
25.000
25,000
Total unrestricted funds
48,744
214,021
(214,861)
25,000
72,904
Restricted
ArtPloyment
Elevate Project
Poetry on the Go
Hoopla (SSBC)
Residence (Arts Council
England)
Blue to Green
{25,401)
(1,655)
(22,007)
{] 0,000)
8,978
1.655
14,508
10.000
10,000
10,000
16.338
20,455
(13,371)
(21,455)
2,967
1.000
Total restricted funds
97.335
90,?32
(93,889)
93,678
Total funds
146,079
J04,25J
(JO8.750)
25,000
166,582
20 Analysis of net assets between funds
Unrestricted
2024
Total funds
General
Restricted
Tangible fixed assets
Current assets
Current liabilities
20,000
20,000
134,199
(4,441)
89.286
{4.441)
Total net assets
60,472
89,?86
149,758
Unrestricted
2023
Total fund5
General
Restricted
Tangible fixed assets
Current assets
Current liabilities
25,000
51,441
(i,5)7)
25,000
145,119
(J,537)
93.678
Total net assets
7?,904
93,678
166,582
Page21