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← Chilli Studios (Newcastle And Gateshead Arts Studio) Limited

2025-03-31-accounts

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED (A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2025

Charity Number 1116957 Company Number 05028177

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2025

Contents Page
Trustees annual report 1 to 15
Independent examiners report 16
Statement of Financial Activities (including 17
income and expenditure account)
Balance sheet 18
Notes to the financial statements 19 to 28

Chilli Studios (Newcastle and Gateshead Arts Studio) Limited

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2025

statements of the charity for the year ended 31 March 2025 which are also prepared to meet the requirements for a trustees’ report and accounts for Companies Act purposes.

2019)

1. OBJECTIVES AND ACTIVITIES

Aims of the Charity

1

improves wellbeing.

Our Values are:

· •To be a compassionate and safe service.

supported throughout involvement—developing a caring community through encouragement and

----- Start of picture text -----
koe sa,
----- End of picture text -----

Summary of the year

2

and the streamlining of freelance posts. Despite the

support from a local HR specialist (Ethical HR) and trustees and resulted in a more sustainable staffing model with new Manager and Assistant Manager roles filled internally.

Thanks to these changes and the commitment of our

however, since November 2024 numbers have risen to the same level as before. We managed to

3

----- Start of picture text -----
a more sustainable and effective level. With membership fully behind =. I pe
----- End of picture text -----

our new approach.

· Total sessions provided 1200

Se The Charity Commission in its “Charities and Public Benefit” Guidance states that there are two key principles to be met in

aims, meet these principles.

Policy on Grant Making

sourced are used solely for the charitable purposes laid out in our governing documents.

Policy on Social Investment

Chilli Studios does not have any Social Investment in place

range of asset classes and regions. We will consider investment in stocks, bonds, property, and other investment vehicles that align with our charitable mission.

4

future investments. We will communicate investment performance to our stakeholders annually, including donors, beneficiaries, and the Charity Commission.

provided with the full list of appropriate policies, and are DBS checked prior to engagement.

Chilli Studios in various areas, including workshop support, delivery, design,

2. Achievements and Performance

Many of our members experience complex needs, including long-term

assess the impact of our services, including:

· Short Warwick-Edinburgh Mental Well-being Scale (SWEMWBS) – tracking improvements in mental health and social well-being.

5

Data is compiled using the mean average of all responses (shown as a percentage), with scores rated original in forms on a scale of: 1 – Very poor | 2 – Poor | 3 – Okay | 4 – Good | 5 – Excellent Out of 96 individuals surveyed about satisfaction with our services the average are:

4.66 (93.2%) for well-being support.

4.46 (89.2%) for volunteer support.

4.41 (88.2%) for equipment and materials.

Impact on Health and Well-being

Among 20 respondents:

4.1 (82%) for more socially connected.

3.9 (78%) for experienced reduced stress and anxiety.

3.6 (73%) for were encouraged to support others.

3.25 (65%) for became less reliant on other services.

2.7 (54%) for felt supported in seeking employment,

6

SWEMWBS Well-being Assessment (18 Respondents)

3.39 (67.8%) for useful and able to think clearly.

3.33 (66.6%) for more relaxed.

3.39 (67.8%) for thinking clearly

3.11 (62.2%) for closer to others.

The total score at Chilli Studios is 23 (65.5%), compared to the

probable clinical depression.

individuals referred for mental health challenges, the fact that

Studios on well-being outcomes. Though it is acknowledged that baseline data taken prior to engagement would be required to verify this.

7

Fundraising

projected reserves would fall below the decommissioning threshold, forcing closure before April 2025.

to in-house talent within our membership and volunteers.

8

secured, the future seems much more secure.

Over the year, the charity was kindly supported by:

9

3. Financial review

Review of the year

During the year the Charity had income of £179,919 (2024: £183,665) of which £134,106 was restricted (2024: £124,087) and expenditure of £173,261 (2024: £205,314) of which £115,136 was

which a surplus of £18,970 was restricted (2024: a surplus of £4,765).

At 31 March 2025 the Charity had net assets of £114,911 (2024: £108,253) of which £39,733 was restricted (2024: £21,017).

Reserves policy/Going concern

The Trustees consider the level of reserves, £75,178 (2024: £87,236), prudent for the Charity at this

is reviewed annually.

Risk Management

The Board is responsible for the management of the risks to which the Charity is exposed. A risk register is produced which considers financial, governance and delivery risks.

The Board reviews the risk register throughout the year. Through the countermeasures put in place

10

reasonable but not absolute assurance that major risks have been adequately managed.

4. Plans for future periods.

role in our survival and resurgence.

11

5. Reference and administra�ve details of the charity, its trustees and advisors Registered charity name: Chilli Studios (Newcastle and Gateshead Arts Studio) Ltd Charity number: 1116957 Company registra�on number: 05028177 The Blackfriars Centre Registered office: Newbridge Street Newcastle Upon Tyne NE1 2TQ Trustees/Members of the Board: Mark Bell (Studio member – joined 7 April 2025) Thomas William Lonsdale Angela Mary Main Dr Toby Brandon Rachael Doyle-Hall Dr John Banks Nikki Gibbard Alisdair Stewart Cameron Douglas Hunter Chief Execu�ve and Senior staff members: Robert Malpiedi (CEO) Carole Hall (Company Secretary) Independent Examiner: Doug Maltman FMAAT Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX

12

Banking Santander UK Plc:

Business Banking

301 St Vincent Street

Glasgow

G2 5NT

Solicitors None allocated

6. Structure, governance and management

Governing Document

established the objects and powers of the Charitable Company and is

any member (who is a director) undertakes to contribute to the

the total of £1.

Recruitment and Appointment of the Board

The Directors of the Company are also Trustees for the purposes of

Trustees are selected on the basis of specialist skills and commitment

Members includes:

13

and the Financial Statements

- Copies of recent board papers including budgets and management accounts

- A copy of the governance structure.

The trustees, who are also directors for the purposes of company law, are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and

a true and fair view of the state of affairs of the charitable company and of incoming resources and

14

Approved by the Board on 09.12.2025 and signed on their behalf by:

A Cameron

(Chair)

15

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2025

I report on the financial statements of Chilli Studios (Newcastle and Gateshead Arts Studio) Limited for the year ended 31 March 2025, which are set out on pages 17 to 28.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2022 ("the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

have�I�come�across�no�other�mattersinconnection�withhe�examinationt which�o�t attention�should�be�drawi n� hsit report in order to enable a proper understanding of the accounts to be reached.

Doug Maltman Fellow Member of the Association of Accountancy Technicians Connected Voice Charity Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX

D G MMaltman

Date: 09.12.2025

16

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)

For the year ended 31 March 2025

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
Income from:
Donations and legacies 6 45,568 - 45,568 37,058
Charitable activities
Grants and contracts 7 - 134,106 134,106 144,087
Other trading activities 8 245 - 245 2,520
Total income 45,813 134,106 179,919 183,665
Expenditure on:
Charitable activities
Operation of the charity 9 58,125 115,136 173,261 205,314
Total expenditure 58,125 115,136 173,261 205,314
Net income/(expenditure) ( 12,312 ) 18,970 6,658 ( 21,649 )
Transfers between funds 254 ( 254 ) - -
Net movement of funds ( 12,058 ) 18,716 6,658 ( 21,649 )
Reconciliation of funds
Total funds brought forward 87,236 21,017 108,253 129,902
Total funds carried forward 75,178 39,733 114,911 108,253
Notes
----- End of picture text -----

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 19 to 28 form an integral part of these accounts.

17

Charity Number 1116957

Company Number 05028177

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITE

(A company limited by guarantee)

BALANCE SHEET

As at 31 March 2025

Notes £ Total
2025
£		 £ Total
2024
£
Current assets
Debtors
16
Cash at bank and in hand
17		 1,279
116,860		 -
138,563
Total current assets
Creditors:amounts falling due within
one year
18		 118,139
( 3,228 )		 138,563
( 30,310 )
Net current assets 114,911 108,253
Total net assets or liabilities 114,911 108,253
Funds of the charity
Unrestricted income funds
Restricted income funds		 75,178
39,733		 87,236
21,017
Total funds 114,911 108,253

companies.

respect to accounting records and the preparation of accounts.

small companies regime and in accordance with FRS102 SORP.

The notes on pages 19 to 28 form an integral part of these accounts.

These financial statements were approved by the Board on:

09.12.2025

and are signed on its behalf by: A Cameron Chairperson

18

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts 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) (effective October 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2022.

Chilli Studios (Newcastle and Gateshead Arts Studio) Limited meets the definition of a public benefit entity

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year end of- £12,058 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 to 18 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

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.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

19

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

3.4 Donated goods and services

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated services and facilities are included in the SoFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SoFA.

3.5 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.7 Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in donations and legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

3.8 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.

20

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

21

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of income
6
Donations and legacies
7
Charitable activities
Income from grants
Barbour Foundation
Connected Voice
Garfield Weston
Greggs
Hospital of God
Joicey Trust
Newcastle Building Society
Prime
Reed
Rington Fund
Suicide Prevention Fund
Big Lottery Fund
NCIF
Newcastle Fund
Daisy Marr
J Knott
1989 Willan Charitable Trust
Hill Dickinson
8
Other trading activities
Sales of goods
Doyle Carte Trust (Music)
Hadrian Trust
Edward Gosling
Barchester Health
Donations and gifts
Membership subscriptions
Other
Joseph Brough
Karbon Homes
Catherine Cookson
R W Mann
National Lottery Fund
See Me North
The Souter Charitable Trust		 Unrestricted
Funds
£
5,013
30,077
10,478
45,568
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
245
245		 Restricted
Funds
£
-
-
-
-
11,000
-
25,000
13,000
1,000
-
-
-
2,000
-
-
5,513
20,000
-
1,667
-
-
720
-
7,500
667
16,625
1,000
10,000
4,620
500
1,000
10,294
2,000
134,106
-
-		 Total
2025
£
5,013
30,077
10,478
45,568
11,000
-
25,000
13,000
1,000
-
-
-
2,000
-
-
5,513
20,000
-
1,667
-
-
720
-
7,500
667
16,625
1,000
10,000
4,620
500
1,000
10,294
2,000
134,106
245
245		 Total
2024
£
5,449
19,435
12,174
37,058
7,417
2,917
20,000
12,000
250
1,333
2,000
417
-
2,083
385
52,699
20,000
1,875
8,333
2,917
2,250
720
333
2,500
333
3,325
-
-
-
-
-
-
-
144,087
2,520
2,520

22

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Income was £179,919 (2024: £183,665) of which £45,813 was unrestricted or designated (2024: £59,578) and £134,106 was restricted (2024: £124,087)

Analysis of expenditure on charitable activities

9 Charitable activities
Direct costs
Support costs
Governance costs
Professional fees
Rent
Insurance
Accountancy services
Promotion and marketing
Independent examiner's fees for reporting on
the accounts
Volunteer costs
Sessional Artists fees
Direct pension costs
Promotion of art and artistic and creative
activities
Direct staff salaries
Direct employers NI
Other support costs		 Unrestricted
Funds
£
25,944
1,427
1,892
-
4,010
527
5,300
522
13,277
-
-
4,050
1,176
58,125		 Restricted
Funds
£
62,051
1,216
1,612
29,303
3,317
16
1,149
434
15,136
-
732
170
-
115,136		 Total
2025
£
87,995
2,643
3,504
29,303
7,327
543
6,449
956
28,413
-
732
4,220
1,176
173,261		 Total
2024
£
146,511
3,885
5,106
-
6,497
-
7,008
1,534
27,269
636
1,232
4,460
1,176
205,314

Expenditure on charitable activities was £173,261 (2024: £205,314) of which £58,125 was unrestricted or designated (2024: £56,652) and £115,136 was restricted (2024: £148,662)

10 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts 2025
£
1,176
1,176		 2024
£
1,176
1,176

23

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

11 Analysis of staff costs and the cost of key management personnel

Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)		 2025
£
87,995
2,643
3,504
94,142		 2024
£
102,019
3,885
5,106
111,010

No employee received remuneration above £60,000 (2024: £nil)

The key management personnel of the charity, comprise the trustees and the charity manager . The total employee benefits of the key management personnel of the charity were £35,857 (2024: £23,661).

12 Staff numbers

The head count was 5 staff (2024: 6 staff).

13 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

14 Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £3,504 (2024: £5,106). There was £391 outstanding as at 31 March 2025 (2024: £1,162)

15 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

16 Debtors and prepayments (receivable within 1 year)

Other debtors 2025
£
1,279
1,279		 2024
£
-
-

24

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

17 Cash at bank and in hand

Cash at bank
Cash in hand		 2025
£
115,130
1,730
116,860		 2024
£
138,682
( 119 )
138,563

18 Creditors and accruals (payable within 1 year)

Greggs Trust
Accruals
National Lottery Fund
Deferred income
Big Lottery Fund
Independent examination of accounts
Other accruals
J Knott
Edward Gosling
R W Mann		 2025
£
1,176
2,052
-
-
-
-
-
-
3,228		 2024
£
1,176
1,162
1,000
5,513
667
1,667
2,500
16,625
30,310

19 Deferred income

Deferred income comprises of advance payments from grants that relate to future periods

Balance carried forward
Balance brought forward
Amount deferred in year
Amount released to income earned from
charitable activities		 2025
£
27,972
( 27,972 )
-
-		 2025
£
67,431
( 67,431 )
27,972
27,972

20 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

25

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

21 Analysis of charitable funds

Analysis of movements in unrestricted funds

Unrestricted funds
General unrestricted fund
Designated funds
Governance
Research and Development
Totals		 Fund
balances
brought
forward
£
57,237
20,000
10,000
87,237		 Incoming
resources
£
45,813
-
-
45,813		 Resources
expended
£
( 58,125 )
-
-
( 58,125 )		 Transfers
£
254
-
-
254		 Fund
balances
carried
forward
£
45,179
20,000
10,000
75,178

Purpose of unrestricted funds

General unrestricted fund Designated Funds:

The 'free reserves' of the charity

Governance Research and Development

Funds to cover the Governance of the service. Funds to support strategic development.

26

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

21 Analysis of charitable funds (continued)

Analysis of movement in restricted funds

Restricted funds
National Lottery Fund
Lloyds Bank Foundation
Big Lottery Fund
Edward Gosling
J Knott
Karbon Homes
Daisy Marr
R W Mann
Barbour Foundation
NCIF
Greggs Foundation
Newcastle Fund
Hospital of God
1989 Willian Charitable Trust
Doyle Carte Trust (Music)
Garfield Weston
Barchester Health
Hadrian Trust
Hill Dickinson
Reed
See Me North
The Souter Charitable Trust
Totals		 Fund
balances
brought
forward
£
18,030
9
-
30
-
-
151
-
-
1,606
1,001
190
-
-
-
-
-
-
-
-
-
-
21,017		 Incoming
resources
£
16,625
-
5,513
1,667
7,500
720
-
667
11,000
20,000
13,000
-
1,000
10,000
4,620
25,000
1,000
500
1,000
2,000
10,294
2,000
134,106		 Resources
expended
£
( 34,655 )
-
( 5,638 )
( 1,666 )
( 5,040 )
( 714 )
-
( 675 )
( 2,617 )
( 21,540 )
( 12,105 )
-
( 1,000 )
( 10,000 )
-
( 16,978 )
( 8 )
( 500 )
-
( 2,000 )
-
-
( 115,136 )		 Transfers
£
-
( 9 )
125
( 31 )
-
( 6 )
( 151 )
8
-
-
-
( 190 )
-
-
-
-
-
-
-
-
-
-
( 254 )		 Fund
balances
carried
forward
£
-
-
-
-
2,460
-
-
-
8,383
66
1,896
-
-
-
4,620
8,022
992
-
1,000
-
10,294
2,000
39,733

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

National Lottery Fund Lloyds Bank Foundation Big Lottery Fund Edward Gosling J Knott Karbon Homes Daisy Marr R W Mann Barbour Foundation NCIF Greggs Foundation Newcastle Fund Hospital of God 1989 Willan Charitable Trust

Sessional costs. Sessional costs. Reaching Communities Funding. Sessional costs. TE fees and sessional TE fees and sessional Sessional and promotion. Sessional costs. Support for Creative operations. Management costs. Manager and Arts Worker salaries. Photography. Sessional costs. Rental

27

CHILLI STUDIOS (NEWCASTLE AND GATESHEAD ARTS STUDIO) LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Purpose of restricted funds (continued) Doyle Carte Trust Sessional costs. Garfield Weston Core costs Barchester Health Materials Hadrian Trust Materials Hill Dickinson TE fees and sessional Reed Materials See Me North Core costs The Souter Charitable Trust TE fees and Sessional

Transfers between funds
Between unrestricted and
restricted funds
To cover overspends on restricted funds.
Reason for transfer		 Amount
£
254

22 Capital commitments

As at 31 March 2025, the charity had no capital commitments (2024 -£nil)

23 Analysis of net assets between funds

Other net current assets/(liabilities)
Cash at bank and in hand		 Unrestricted
Funds
£
77,127
( 1,949 )
75,178		 Restricted
Funds
£
39,733
-
39,733		 Total
2025
£
116,860
( 1,949 )
114,911		 Total
2024
£
138,563
( 30,310 )
)
108,253

28