**Company Reg no: 6166882 Registered Charity nos: 1120152 & SC047117**
## **RAGE ARTS**
**(COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES**
## **AND**
## **FINANCIAL STATEMENTS**
**FOR THE 12 MONTHS ENDED 31 DECEMBER 2024**
1
## **RAGE ARTS**
## **TRUSTEES REPORT AND FINANCIAL STATEMENTS**
## **FOR THE 12 MONTHS ENDED 31 DECEMBER 2024**
## **CONTENTS**
Page
|1|Trustees' Report including Directors' Report|
|---|---|
|9|Independent Examiner's Report|
|10|Statement of Financial Activities|
|11|Balance Sheet|
|13|Notes to the Financial Statements|
2
**RAGE ARTS Company Registered no: 6166882**
## **TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE 12 MONTHS ENDED 31 DECEMBER 2024**
The Trustees, who are also directors of the Charity for the purposes of the Companies Act, submit the Annual Report and the unaudited financial statements for the year ended ended 31
The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities in preparing the Annual Report.
## **Reference and Administrative**
Charity Number: England: 1120152 Scotland: 047117 Company Number: 616688 Registered Office: Onions and Davies Solicitors 91 Cheshire Street, Market Drayton, Shropshire, TF9 3AF Correspondence Address: 11 Glen Road, Stourbridge, DY8 2BB Website: www.ragearts.org.uk
Directors and Trustees:
The directors of the charitable company (the Charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.
The Trustees serving during the year and since the year end were:-
Emela Milne. Liam Atton, James Webster and Andrew Hopkins.
Chief Executive Officer: Owen Radmore
Bankers:
The Co-operative Bank plc PO Box 250 Skelmersdale WN8 6WT
## **Governing Document**
Rage Arts is a company limited by guarantee governed by its Memorandum and Articles of Association. It is registered as a Charity with the Charity Commission. The Charity is registered with no maximum number and anyone may become a member on condition of their membership being approved by the Trustees. There are currently 6 members (31 March 2023:7), each of whom agrees to contribute a maximum of £10 in the event of the Charity winding up.
3
## **RAGE ARTS**
## **TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE 12 MONTHS ENDED 31 DECEMBER 2024**
## **Structure, Governance and Management (Continued)**
## **Appointment of Trustees**
As set out in the Articles of Association potential Trustees must be recommended by the Trustees or proposed by a member qualified to vote at any general meeting. New Trustees are appointed at general meeting by ordinary resolution.
## **Trustee Induction and Training**
New Trustees are provided with Charity Committee publications to brief them on their legal obligations under Charity and company law, the content of the Memorandum and Articles of Association, the decision making processes, the business plan and recent financial performance of the Charity.
Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
## **Organisation**
The Board of Trustees, which currently has no maximum number of members, administers the Charity. The Board meets quarterly during the year.
A Chief Executive is appointed by the Trustees to manage the day to day operations of the Charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the Trustees, for all operational matters across the organisation.
## **Risk Management**
The Trustees have a risk management strategy which comprises:
An annual review of the risks the Charity may face.
·
The establishment of systems and procedures to mitigate those risks identified in the plan. · The implementation of procedures designed to minimise any potential impact on the Charity should those risks materialise.
·
The major risks remain those concerned with health and safety, safeguarding children and vulnerable adults, financial risk and key personnel.
4
## **RAGE ARTS**
## **TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE 12 MONTHS ENDED 31 DECEMBER 2024**
## **Financial Review**
The year to 31 December 2024 showed a surplus of £8,718 (2023: deficit of £35,400)
## **Reserves**
Rage Arts carried forward £26,301 (December 2023: £17,583) free reserves at the year end. This comprises of approximately 9 months running costs
5
## **RAGE ARTS**
## **TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE 12 MONTHS ENDED 31**
## **Plans for the Future**
In the next year our key objectives
- Tour a successful Christmas theatre production to primary schools in and around the West Midlands
- Obtain further funding to continue the work of the Charity, in particular working with socially disadvantaged people.
- Provide affordable, accessible theatre to schools and community venues.
- Continue to build on the reputation of Rage Arts to further develop our work.
- Continue to support the development of artists.
- Continue to update and replace our equipment.
Approved by the Board of Trustees on 31/03/2025
And signed on their behalf by:
Treasurer: …………………………………… …………………………………… Emela Milne Andy Hopkins
6
## **RAGE ARTS**
## **TRUSTEES' REPORT INCLUDING DIRECTORS' REPORT FOR THE 12 MONTHS**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
**The Trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).**
**Company law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity, including its income and expenditure, for that period. In preparing those financial statements the Trustees are required to:**
- **select suitable accounting policies and apply them consistently;**
- **observe the methods and principles in the Charities SORP;**
- **make judgements and estimates that are reasonable and prudent;**
- **prepare the financial statements on the going concern basis unless it is inappropriate to presume the society will continue in business.**
**The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.**
7
CHARITY coNifs'tlSSION
Independent examiner's report on the
accounts
Section A
Independent Examinerfs Report
Report to the trustees
Rage Arts
On accounts for the year
ended
31" December 2024
Charity no
(if any)
1120152
Set out on pages
I report to the trustees on my examinats.on of the accounts of the above
charity (Yhe Trusn for the year ended 3111212024.
Responsibiltties and
basis of report
As the d)aritys trustees, you are responsible for the preparation of the
accounts in accordan with the requirements of the Charities Act 2011
(the Acr)
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent I have completed my examinats"on. I confinn that no material matters have
examinevs statement come to my attention in connection with the examination lch gives me
cause to believe that in, any material respect..
the accounts'ng records were not kept in accordance with section 130
of the Charities Act; or
the accounts did not accord with the accounting records, or
the accounts did not comply with the applicable requirements
conMIng the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter
considered as part of an independent examination.
I have no concems and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
. Please delete the wonys in the bRckets rf they do not apply.
Signed:
Date:
2510312025
Name:
Sandra Wse
Relevant professional
qualification(s) or body
(if any).
CIPFA
Address:
124 Beaumont Road. Bim)ingham, B30 2DX
IER
Oct 2018
## **RAGE ARTS**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE 12 MONTHS ENDED 31 DECEMBER 2024 INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD**
|**Note**
**Unrestricted**
**Funds**
**2024**
**£**
**INCOME**
Donations
2
-
28,199-
Charitable Activities:
Film and Theatre Projects
3
-
1,768-
Other Income
7
-
--
**Total Income**
-
29,967-
**EXPENDITURE**
Charitable Activities:
Film and Theatre Projects
4
-
20,998-
Governance
-
250-
**Total Expenditure**
-
21,248-
**Net Income/(Expenditure)**
5
(
8,718)
Transfers between Funds
(
- )
Net Movement in Funds
(
8,718)
Reconciliation of funds:
Total Funds Brought Forward
-
17,583-
**TOTAL FUNDS CARRIED FORWARD**
-
26,301-|**Note**
**Unrestricted**
**Funds**
**2024**
**£**
**INCOME**
Donations
2
-
28,199-
Charitable Activities:
Film and Theatre Projects
3
-
1,768-
Other Income
7
-
--
**Total Income**
-
29,967-
**EXPENDITURE**
Charitable Activities:
Film and Theatre Projects
4
-
20,998-
Governance
-
250-
**Total Expenditure**
-
21,248-
**Net Income/(Expenditure)**
5
(
8,718)
Transfers between Funds
(
- )
Net Movement in Funds
(
8,718)
Reconciliation of funds:
Total Funds Brought Forward
-
17,583-
**TOTAL FUNDS CARRIED FORWARD**
-
26,301-|**Restricted**
**Funds**
**2024**
**£**
-
11,350-
-
--
-
--|**Total**
**2024**
**£**
-
39,549-
-
1,768-
-
--|**Total**
**2023**
**£**
-
6,250-
-
1,240-
-
--|
|---|---|---|---|---|
||-
29,967-|-
11,350-|-
41,317-|-
7,490-|
||-
20,998-
-
250-|-
11,350-|-
32,348-
-
250-|-
42,640-
-
250-|
||-
21,248-|-
11,350-|-
32,598-|-
42,890-|
||(
8,718)
(
- )|(
- )
-
--|(
8,718)
-
--|(35,400)
-
--|
||(
8,718)|(
- )|(
8,718)|(35,400)|
||-
17,583-|-
3,809-|-
21,392-|-
56,792-|
||-
26,301-|-
3,809-|-
30,110-|-
21,392-|
The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure in the period derive from continuing activities. For comparatives see Note 6.
The Notes on pages 14 to 21 form part of these financial statements.
8
**Company Reg no: 6166882**
## **BALANCE SHEET AS AT 31 DECEMBER 2023**
||**Notes**||**31.12.23**||**2023**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Fixed assets - Tangible Assets**|8|-|--|||
|**Current assets**||||||
|Debtors|9|-|--|-|52-|
|Cash at bank and in hand||-|30,361-|-|21,590-|
|||-|30,361-|-|21,642-|
|**Liabilities**||||||
|**Creditors: amounts falling due within one year**|10||(250)||(250)|
|Net current assets||-|30,111-|-|21,392-|
|Total assets less current liabilities||-|30,111-|-|21,392-|
|**Creditors: amounts falling due after more**||||||
|**than one year**||-|--|-|--|
|**Net Assets**||**-**|**30,111-**|**-**|**21,392-**|
|**Funds**||||||
|Unrestricted Funds|14|-|26,301-|-|17,583-|
|Restricted Income Funds|14|-|3,809-|-|3,809-|
|||**-**|**30,110-**|**-**|**21,392-**|
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## **Directors’ responsibilities:**
- the members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
- the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- these accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to charitable small companies.
The financial statements were approved by the Board of Trustees on and authorised for issue and signed on their behalf by:
Trustee: …………………………………………………… Treasurer: …………………………………………………… Emela Milne Andy Hopkins
The Notes on pages 14 to 21 form part of these financial statements.
Type text here
## **RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. Accounting Policies**
10
## **RAGE ARTS**
##
##
## **1**
11
## **RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. Accounting Policies (Continued)**
## **Fixed Assets**
The Charity enjoys the use of equipment provided by various funding agencies in addition to that acquired from its own resources. Grants received for such equipment are credited to the Statement of Financial Activities in the year of receipt. Depreciation is provided with the intention of writing off the costs of tangible fixed assets over their useful lives. The provision is calculated as follows:
|Equipment, Fixtures and Fittings:
**2. Donations**
General Unrestricted Donations
Unrestricted Donations from Trustees
Postcode Local Trust
Restricted Grants and Donations (see note 14):
Baron Davenport's Charity
Harry Payne Fund
Patrick Trust
The Cole Charitable Trust
The Grimmitt Trust
The Rowlands Trust
The Sir Barry Jackson Trust
The Sir William A Cadbury Trust
**3. Income from charitable activities**
Schools Christmas Tour
**4. Expenditure on Charitable Activites**
Charitable Activities:
Film and Theatre projects and related
activities|||20% - 50% Straight Line
**2024**
**2023**
**£**
**£**
-
6,039-
-
555-
-
--
-
--
-
22,160-
-
--
-
750-
-
--
-
1,000-
-
--
-
350-
-
1,500-
-
1,200-
-
1,200-
-
--
-
2,800-
-
1,495-
-
3,000-
-
3,000-
-
750-
-
--
-
--
-
--|20% - 50% Straight Line
**2024**
**2023**
**£**
**£**
-
6,039-
-
555-
-
--
-
--
-
22,160-
-
--
-
750-
-
--
-
1,000-
-
--
-
350-
-
1,500-
-
1,200-
-
1,200-
-
--
-
2,800-
-
1,495-
-
3,000-
-
3,000-
-
750-
-
--
-
--
-
--|
|---|---|---|---|---|
||||-
39,549-|-
6,250-|
||**Direct**
**Staff Costs**
**2024**
**£**
-
25,885-|**Other**
**Direct Costs**
**2024**
**£**
-
6,464-|**2024**
**£**
-
1,768-|**2023**
**£**
-
1,240-|
||||**Total**
**2024**
**£**
-
32,348-|**Total**
**2023**
**£**
-
42,640-|
12
## **RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**5. Net Income/Expenditure**
Net Income/Expenditure is stated after charging:
Depreciation of assets
Governance costs
Trustees' remuneration
Trustees' expenses
Independent Examiner's fees
**6.**
Prior Year Statement of Financial Activities
**Note**
**Unrestricted**
**Funds**
**2023**
**£**
**INCOME**
Donations
2
-
555-
Charitable Activities:
Film and Theatre Projects
3
-
1,240-
Other Income
7
-
--
**Total Income**
-
1,795-
**EXPENDITURE**
Charitable Activities:
Film and Theatre Projects
4 -
5,985-
Governance
-
250-
Total Expenditure
-
6,235-
**Net Income/(Expenditure)**
5
(4,440)
Transfers between Funds
(
- )
Net Movement in Funds
(
(4,440)
Reconciliation of funds:
Total Funds Brought Forward
-
22,023-
**TOTAL FUNDS CARRIED FORWARD**
(
17,583)|**5. Net Income/Expenditure**
Net Income/Expenditure is stated after charging:
Depreciation of assets
Governance costs
Trustees' remuneration
Trustees' expenses
Independent Examiner's fees
**6.**
Prior Year Statement of Financial Activities
**Note**
**Unrestricted**
**Funds**
**2023**
**£**
**INCOME**
Donations
2
-
555-
Charitable Activities:
Film and Theatre Projects
3
-
1,240-
Other Income
7
-
--
**Total Income**
-
1,795-
**EXPENDITURE**
Charitable Activities:
Film and Theatre Projects
4 -
5,985-
Governance
-
250-
Total Expenditure
-
6,235-
**Net Income/(Expenditure)**
5
(4,440)
Transfers between Funds
(
- )
Net Movement in Funds
(
(4,440)
Reconciliation of funds:
Total Funds Brought Forward
-
22,023-
**TOTAL FUNDS CARRIED FORWARD**
(
17,583)|**2024**
**£**
-
--
-
--
-
250-|**2023**
**£**
-
--
-
--
-
--
-
--
-
250-|
|---|---|---|---|
||**Unrestricted**
**Funds**
**2023**
**£**
-
555-
-
1,240-
-
--|**Restricted**
**Funds**
**2023**
**£**
-
5,695-
-
--
-
--|**Total**
**2023**
**£**
-
6,250-
-
1,240-
-
--|
||-
1,795-|-
5,695-|-
7,490-|
||-
5,985-
-
250-|-
36,655-|-
42,640-
-
250-|
||-
6,235-|-
36,655-|-
42,890-|
||(4,440)
(
- )|(30,960)
(
- )|(35,400)
(
- )|
||(
(4,440)|(
(30,960)|(
(35,400)|
||-
22,023-|-
34,769-|-
56,792-|
||(
17,583)|(
3,809)|(
21,392)|
13
## **RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**7. Other Income**
Sundry Income
**8. Tangible fixed assets**
**Cost**
At 1 January 2024
Additions
Disposals
**At 31 December 2024**
**Accumulated Depreciation**
At 1 January 2024
Charge for year
Disposals
**At 31 December 2024**
**Net Book Value**
**At 31 December 2024**
**At 31 December 2023**
**9. Debtors**
Prepayments and Other Debtors|**2024**
**£**
-
--|**2023**
**£**
-
--|
|---|---|---|
||**Equipment**
**Fixtures**
**& Fittings**
**£**
-
3,120-
-
--
-
--
-
3,120-
-
3,120-
-
--
-
--
-
3,120-
-
--
-
--
**2024**
**£**
-
--
-
--|**2023**
**£**
-
52-|
|||-
52-|
14
## **RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**10.**|**Creditors: amounts falling due within one year**||||||**2024**||**2023**|
|---|---|---|---|---|---|---|---|---|---|
||||||||**£**||**£**|
||Accruals|||||-|250-|-|250-|
||Other Creditors|||||-|--|-|--|
|||||||**-**|**250-**|**-**|**250-**|
|**11.**|**Employees' Information**|||||||||
||The average number of persons employed||**2024**||||**2023**|||
||||**Full Time**||||**Full Time**|||
||during the year was:||**Equivalent**||**Number**||**Equivalent**||**Number**|
||Administration|-|--|-|1-|-|--|-|1-|
|||**-**|**--**|**-**|**1-**|**-**|**--**|**-**|**1-**|
||**Staff Costs**||||||**2024**||**2023**|
||||||||**£**||**£**|
||Wages and salaries|||||-|7,817-|-|6,969-|
||Social security costs|||||||-|--|
||Pension costs|||||-|--|-|--|
|||||||-|7,817-|-|6,969-|
No employee received employee benefits (excluding employer pension costs) of more than £60,000 during either the year ended 31 December 2024 or year ended 31 December 2023.
None of the trustees have been paid any remuneration, received expenses or received any other benefits from an employment with their charity or a related entity (yr to 31 December 2023: £Nil).
The total employee remuneration including benefits of the Charity's key management personnel, comprising the Trustees and Senior Management was £7,817 (2023: £6,969).
## **12. Pension Scheme Commitments**
There were no Pension Scheme members in the year to 31.12.24. (2023: 0).
|**13.**|**Capital and Revenue Commitments**||**2024**||**2023**|
|---|---|---|---|---|---|
||||**£**||**£**|
||Revenue Expenditure that has been contracted for but has not|||||
||been provided for in the financial statements -|-|--|-|--|
15
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**14. Analysis of Funds**
**Representation of Fund Balances**
Tangible Assets
Net Current Assets
Total Net Assets
**The Restricted Funds comprise:**
Film Project||**Unrestricted**
**2024**
**£**
-
--
-
26,301-|**Restricted**
**2024**
**£**
-
--
-
3,809-|**Total**
**2024**
**£**
-
--
-
30,110-|**Total**
**2023**
**£**
-
--
-
21,392-|
|---|---|---|---|---|---|
||**1 January**
**2024**
**£**
-
840-|-
26,301-|-
3,809-|-
30,110-|-
21,392-|
|||**Income**
**£**
-
--|**Expend-**
**iture**
**£**
-
--|**Transfer**
**Funds**
**£**
-
--|**31 Dec**
**2024**
**£**
-
840-|
|Asset Replacement Fund
-
2,969-
-
--
-
--
-
--
-
2,969-
Baron Davenport's Charity
-
--
-
750-
-
750-
-
--
-
--
Harry Payne Fund
-
--
-
1,000-
-
1,000-
-
--
-
--
Patrick Trust
-
--
-
350-
-
350-
-
--
-
--
The Cole Charitable Trust
-
--
-
1,500-
-
1,500-
-
--
-
--
The Grimmitt Trust
-
--
-
1,200-
-
1,200-
-
--
-
--
The Rowlands Trust
-
--
-
2,800-
-
2,800-
-
--
-
--
The Sir Barry Jackson Trust
-
--
-
3,000-
-
3,000-
-
--
-
--
The Sir William A Cadbury Trust
-
--
-
750-
-
750-
-
--
-
--
Total
-
3,809-
-
11,350-
-
11,350-
-
--
-
3,809-
The Film Project consists of donations received in response to the Charity's appeals to raise funds to make
a feature film or script thereof, or other film if insufficient funds are raised.
The assets replacement fund comprises funds to repair and replace existing equipment as necessary where
otherwise unfunded, arising from donations from Rage Trust's sale proceeds of the Trust's old equipment.
The Harry Payne Fund donation provides support for core operating costs between funded projects.
Other restricted donations received during the year were provided towards the annual Christmas theatre
tours 2024 and cover specific relevant costs including children's song writing challenges.|-
2,969-|-
--|-
--|-
--|-
2,969-|
||-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--|-
750-
-
1,000-
-
350-
-
1,500-
-
1,200-
-
2,800-
-
3,000-
-
750-|-
750-
-
1,000-
-
350-
-
1,500-
-
1,200-
-
2,800-
-
3,000-
-
750-|-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--|-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--|
||-
3,809-|-
11,350-|-
11,350-|-
--|-
3,809-|
16
## **RAGE ARTS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **15. Constitution**
The Society is incorporated in England and Wales and is limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity.
## **16. Corporation Taxation**
The Charity is exempt from tax on income and gains falling withing section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **17. Related Party Transactions & Trustees' expenses and remuneration**
Donations of £0 (2023: £0) were received from Trustees during the period. The Charity's insurance policies include trustee indemnity insurance. The charity paid no other expenses or remuneration to any Trustee during the year (2023: £0). There were no further related party transactions during the year (2023: none).
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