**REGISTERED COMPANY NUMBER: 04888760 (England and Wales) REGISTERED CHARITY NUMBER: 1125145** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024** **for** **Meadow Arts** Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 1HY **Meadow Arts** ## **Contents of the Financial Statements for the Year Ended 31 March 2024** |||**Page**|| |---|---|---|---| |**Annual Report**|1|
to
|3| |**Report of the Trustees**|4|
to|5| |**Independent Examiner's Report**||6|| |**Statement of Financial Activities**||7|| |**Balance Sheet**||8|| |**Notes to the Financial Statements**|9|to|14| |**Detailed Statement of Financial Activities**|15|to|16| ## **Art, places, ideas.** ## **Annual Report 2024 – 01 April 2023 31 March 2024** ## **Executive Summary** The year was summarised by completing Year 1 of our 2023-26 NPO programme. We continue to deliver ambitious and high-quality work, nowadays with a greater emphasis on artistic engagement and work with communities than large, flagship exhibitions. Work was carried out during the period to ensure that Meadow Arts’ Mission and Values still represent our Vision as well as aligning with the Arts Council England Strategy _Let’s Create_ . ## **Meadow Arts Vision** We are creative, inspirational, collaborative, responsive & curious. We use excellent contemporary art to encourage new ideas and expand horizons. We place visual art in unexpected, often rural places, to reach audiences and engage participants. ## **Programme Highlights** ## **1. Station Approach, Hereford** Major public realm programme spanning a 3-Year partnership with Hereford College of Art, at No.1 Station Approach, Hereford. Funded by Hereford Stronger Towns Fund to value of £88,200 Year 1 2022-23: Lothar Götz, Year 2 2023-24: Matthew Cornford, Year 3 2024-25: Laura White Matthew Cornford’s work was exhibited 1 May 2023 – 25 April 2024 and celebrated the Art Schools of the West Midlands in the year that Hereford College of Arts shared their 170[th] anniversary. ## **2. Hereford Public Art Trail** Another Meadow Arts-HCA collaboration realised a city-wide public art sculpture trail for Hereford City Centre Improvement Project, funded jointly by Hereford City Council and the Marches Local Enterprise Partnership. Page 1 ## **3. Pershore** Continuing our socially engaged approach to artistic programming in Worcestershire, we delivered more successful work in the Pershore community, particularly with students from Pershore High School and participants of Pershore Riverside Centre, undertaking various projects funded by Elmley Foundation and Max Reinhart Foundation. Rekindling a partnership with Pershore Abbey (who showed _Deluge_ by Hilary Jack in 2023) and later, forming a new partnership with National Trust South Worcestershire venue Croome Court & Parkland, which will see further project work running into late-2024 /25. ## **4. UKSPF Cultural Development and Cultural Programming Funded Projects** Began two 2-year projects in Herefordshire, funded by the UK Shared Prosperity Fund, one project in collaboration with National Trust Herefordshire venue, the Weir (cultural development programme) and the other reviving a Herefordshire Visual Artist Network (cultural programming). Both began in Autumn 2023 and will run until Spring 2026. ## **5. Art House Open Lectures Season 11** This important collaboration with University of Worcester, Fine Art department at the Art House continued with a programme of 8 high profile artists talks, delivered live and online and available to watch again on YouTube. ## **6. Monument to the Vanquished** The programme continued with a ‘teaser’ exhibition of one artwork at Ed Cross Gallery in London, before moving onto The Herbert in Coventry in 2024-25. ## **Marketing** - Audience Engagement - Meadow Arts prioritised understanding its audience by surveying newsletter subscribers. This initiative provided insights into their interests and demographics, enabling us to tailor our programme and communications more effectively to our audience. Meadow Arts has transitioned to utilising Arts Council England's new Audience Data Platform, Illuminate alongside the existing Culture Counts Impact & Insight Toolkit enabling us to gain deeper insights into our audience demographic, behaviour and preferences. - Dynamic Website Redesign - In response to our commitment to showcasing the impactful work of Meadow Arts beyond our regional delivery, we worked with our web developers to offer a more engaging experience for website visitors, featuring dynamic content including captivating films that immerse visitors in our projects and programmes. - Annual Review - This year, Meadow Arts introduced a new annual review of our programme. This report, accessible across our digital channels, provides audiences with a detailed overview of our achievements, impact, and future aspirations. - Social media - Over the past year, the strategic use of graphic design, carousels, moving image content, including audio and reels, has significantly boosted our social media presence. Twitter followers increased from **3K** to **3.2K** , Instagram followers increased from **2.8K** to **3K** , and Facebook followers increased from **1.5K** to **2K** . This growth highlights the effectiveness of dynamic and engaging content in attracting and retaining a larger audience across all platforms. - Website - Website analytics for 2023-24 demonstrate a remarkable increase in user engagement and reach, primarily driven by effective Google Ad campaigns, achieving 18K users, with 17K being new users, and an average engagement time of 44 seconds. This represents a substantial growth compared to 2022-23 figures of 2.3K website hits, highlighting the success of using a targeted advertising strategy. - E-newsletter – Email subscribers 1287 monthly. - Page 2 ## **Governance 2023-24** - Daniel Pryde-Jarman was re-elected as Chair. - Ryan Hughes was elected as Deputy Chair. - Stephen Purse was re-elected as Treasurer. - Out-going Trustees: Sahar Beyad. - In-coming Trustees: Alice Panel-Frederiks and Elizabeth Parbutt bringing board numbers to 9 people. ## **Staffing** Meadow Arts is run by 5 part-time staff, with an FTE of 3. In the 2023-24 year there were various staff changes: - **Programme & Marketing Manager** role adopted by existing Programme Manager, increasing their hours to 3-days a week. - **Digital Communications Officer:** Role increased from 1 to 2-days per week. - **Learning & Engagement Manager** returned from maternity leave, working the previous 3-days a week from late April 2023. ## **Freelance Team:** - Art Technician, Digital Technician, Bookkeeper, IT Support, Graphic Designer & Exhibitions Photographer. ## **Arts Council England** - Advised that there will be an NPO extension year, 2026-2027. - The application period - Autumn 24 to Spring 25. Page 3 ## **Meadow Arts Report of the Trustees for the Year Ended 31 March 2024** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity's main objectives are the education of the public by the promotion of contemporary and other art and in particular (but without limitation) art that is linked to the landscape in the West Midlands and surrounding areas. This is to be achieved by exhibiting contemporary and other art to foster understanding, appreciation and employment of art amongst the public. The trustees confirm that they have considered the Charity Commission's Guidance on public benefit. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** During the year Meadow Arts met its objectives by organising and delivering a substantial number of well-attended visual arts exhibitions, artworks and activities throughout the rural West Midlands and adjoining counties. (More detail is provided in the preceding pages) ## **FINANCIAL REVIEW** ## **Principal funding sources** The principal funding source in the year under review was Arts Council England as a National Portfolio Organisation since April 2012. The excess of income over expenditure for the year amounted to £56,369 (2023: £35,390 deficit) ## **Reserves policy** The organisation adopted a reserves policy at the Annual General Meeting on 4th December 2017. The organisation aims to hold reserves of at least £42,570 to ensure that Meadow Arts organisation's core activity could continue during a period of unforeseen difficulty. The position is reviewed annually. The unrestricted reserves at 31 March 2024 amounted to £102,849 substantially all of which comprised free reserves. ## **Going concern** The status of Meadow Arts as an Arts Council England National Portfolio Organisation was reconfirmed during the year and extends to 31st March 2026. Taking this and other relevant factors into account the Financial Statements have been prepared on the Going Concern basis. On 23 August 2024 an application to convert to a Charitable Incorporated Organisation was submitted to the Charity Commission. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is a company, limited by guarantee, as defined by the Companies Act 2006. The governing document is the Memorandum and Articles of Association, as amended by special resolution dated 3 May 2008. ## **Recruitment and appointment of new trustees** As set out in the Articles, new trustees are appointed by the trustees and confirmed at the Annual General Meeting by the members of the charitable organisation. All members are circulated with an invitation to nominate trustees prior to the AGM, advising of the retiring trustees and requesting nominations to be elected at the AGM. When considering new trustees, regard is given to any specialist skill needed. New trustees undergo an orientation session to brief them on their legal obligations under charity and company law. Page 4 ## **Meadow Arts** ## **Report of the Trustees for the Year Ended 31 March 2024** ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 04888760 (England and Wales) **Registered Charity number** 1125145 ## **Registered office** West House 23 Broad Street HAY-ON-WYE Herefordshire HR3 5DB ## **Trustees** R Heatly (resigned 18.12.23) D Robinson N Bury (resigned 29.6.23) Dr D Pryde-Jarman (Chair) L Mayor R Hughes S Purse G Moore C Pearson S Beyad (resigned 18.12.23) E T Parbutt (appointed 20.3.24) Dr A Planel-Frederiks (appointed 20.3.24) ## **Company Secretary** C Purcell ## **Independent Examiner** Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 1HY Approved by order of the board of trustees on ............................................. and signed on its behalf by: 19/09/2024 ........................................................................ Dr D Pryde-Jarman (Chair) – Trustee Page 5 ## **Independent Examiner's Report to the Trustees of Meadow Arts** ## **Independent examiner's report to the trustees of Meadow Arts ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. ## **Responsibilities 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 Act'). 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 carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an 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 charities preparing their accounts in accordance with the Financial Reporting Standard 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 this report in order to enable a proper understanding of the accounts to be reached. ## Ki fides Mr K R Wilcox FCCA The Association of Chartered Certified Accountants Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 1HY 21st October 2024 Date: ............................................. Page 6 ## **Meadow Arts** ## **Statement of Financial Activities for the Year Ended 31 March 2024** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
164,753
**Charitable activities**
Public Art Trail
52,800
Investment income
2
505
Other income
19,906
**Total**
237,964
**EXPENDITURE ON**
**Charitable activities**
Support costs
121,765
Artistic costs
47,653
Education & engagement costs
1,681
Marketing & advertising costs
7,211
Governance costs
78
**Total**
178,388
**NET INCOME/(EXPENDITURE)**
59,576
**RECONCILIATION OF FUNDS**
Total funds brought forward
43,273
**TOTAL FUNDS CARRIED FORWARD**
102,849|Restricted
funds
£
67,235
-
-
-
67,235
16,699
45,122
7,595
1,026
-
70,442
(3,207)
13,320
10,113|31.3.24
Total
funds
£
231,988
52,800
505
19,906
305,199
138,464
92,775
9,276
8,237
78
248,830
56,369
56,593
112,962|31.3.23
Total
funds
£
206,981
-
93
-
207,074
139,529
81,478
10,660
10,797
-
242,464
(35,390)
91,983
56,593| |---|---|---|---| The notes form part of these financial statements Page 7 ## **Meadow Arts** ## **Balance Sheet 31 March 2024** ||||||31.3.24|31.3.23| |---|---|---|---|---|---|---| |||Unrestricted|Restricted||Total|Total| |||funds|funds|funds|funds|funds| ||Notes|£|£||£|£| |**FIXED ASSETS**||||||| |Tangible assets|7|990|1,555||2,545|11| |**CURRENT ASSETS**||||||| |Debtors|8|33,660||-|33,660|6,030| |Cash at bank||72,447|8,558||81,005|57,444| |||106,107|8,558||114,665|63,474| |**CREDITORS**||||||| |Amounts falling due within one year|9|(4,248)||-|(4,248)|(6,892)| |**NET CURRENT ASSETS**||101,859|8,558||110,417|56,582| |**TOTAL ASSETS LESS CURRENT**||||||| |**LIABILITIES**||102,849|10,113||112,962|56,593| |**NET ASSETS**||102,849|10,113||112,962|56,593| |**FUNDS**|10|||||| |Unrestricted funds|||||102,849|43,273| |Restricted funds|||||10,113|13,320| |**TOTAL FUNDS**|||||112,962|56,593| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 21/10/2024 ............................................. Dr D Pryde-Jarman (Chair) - Trustee ............................................. Sten (0 Un2e_ Mr S Purse (Treasurer) - Trustee The notes form part of these financial statements Page 8 **Meadow Arts** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Plant and machinery|- 20% on cost| |---|---| |Fixtures and fittings|- 20% on cost| |Computer equipment|- 33% on cost| ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further information on restricted funds is included in the notes to the financial statements. ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||31.3.24|31.3.23| ||£|£| |Deposit account interest|505|93| continued... Page 9 **Meadow Arts** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **3. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||31.3.24|31.3.23|| |---|---|---|---| ||£|£|| |Depreciation - owned assets|1,264||-| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **Trustees' expenses** During the year two trustees were reimbursed for expenses totalling £1,218 (2023 - £0). The expenses comprised travel costs of £61 and costs related to artistic projects of £1,157. ## **5. STAFF COSTS** The average monthly number of employees during the year was as follows: |
Management
Marketing|31.3.24

2
1
3|31.3.23
2
1
3| |---|---|---| No employees received emoluments in excess of £60,000. ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
169,751
Investment income
93
**Total**
169,844
**EXPENDITURE ON**
**Charitable activities**
Support costs
136,363
Artistic costs
57,307
Education & engagement costs
2,880
Marketing & advertising costs
8,684
**Total**
205,234
**NET INCOME/(EXPENDITURE)**
(35,390)
**RECONCILIATION OF FUNDS**
Total funds brought forward
78,663|Restricted
funds
£
37,230
-
37,230
3,166
24,171
7,780
2,113
37,230
-
13,320|Total
funds
£
206,981
93
207,074
139,529
81,478
10,660
10,797
242,464
(35,390)
91,983| |---|---|---| continued... Page 10 ## **Meadow Arts** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** |**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**- continued**|| |---|---|---|---|---|---|---|---| ||||Unrestricted|||Restricted|Total| |||||funds||funds|funds| |||||£||£|£| ||**TOTAL FUNDS CARRIED FORWARD**|||43,273||13,320|56,593| |**7.**|**TANGIBLE FIXED ASSETS**||||||| ||||Fixtures||||| |||Plant and|and|||Computer|| |||machinery|fittings|||equipment|Totals| |||£||£||£|£| ||**COST**||||||| ||At 1 April 2023|500|1,357|||6,236|8,093| ||Additions|-|||-|3,798|3,798| ||At 31 March 2024|500|1,357|||10,034|11,891| ||**DEPRECIATION**||||||| ||At 1 April 2023|489|1,357|||6,236|8,082| ||Charge for year|11|||-|1,253|1,264| ||At 31 March 2024|500|1,357|||7,489|9,346| ||**NET BOOK VALUE**||||||| ||At 31 March 2024|-|||-|2,545|2,545| ||At 31 March 2023|11|||-|-|11| |**8.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||| |||||||31.3.24|31.3.23| |||||||£|£| ||Trade debtors & accrued income|||||33,660|6,030| |**9.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||| |||||||31.3.24|31.3.23| |||||||£|£| ||Accrued expenses|||||4,248|6,892| continued... Page 11 ## **Meadow Arts** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **10. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**Restricted funds**
Art Fund
Hereford Council
Ledbury Poetry Festival
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Art Fund
Elmley Foundation
Hereford Council
Max Reindhart Foundation
Worcestershire Arts Council
National Trust Herefordshire
Ledbury Poetry Festival
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Art Fund
**TOTAL FUNDS**|At 1.4.23
£
43,273
13,320
-
-
13,320
56,593
Incoming
resources
£
237,964
-
15,001
43,653
5,499
250
500
2,332
67,235
305,199
At 1.4.22
£
78,663
13,320
91,983|Net
movement
At
in funds
31.3.24
£
£
59,576
102,849
(13,320)
-
8,558
8,558
1,555
1,555
(3,207)
10,113
56,369
112,962
Resources
Movement
expended
in funds
£
£
(178,388)
59,576
(13,320)
(13,320)
(15,001)
-
(35,095)
8,558
(5,499)
-
(250)
-
(500)
-
(777)
1,555
(70,442)
(3,207)
(248,830)
56,369
Net
movement
At
in funds
31.3.23
£
£
(35,390)
43,273
-
13,320
(35,390)
56,593| |---|---|---| continued... Page 12 ## **Meadow Arts** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Elmley Foundation
Wychavon Council
Hereford Council
Churches Conservation Trust
Leominster Cultural Consortium
Avon Meadows Project
**TOTAL FUNDS**|Incoming
resources
£
169,844
5,000
1,500
20,050
4,200
5,000
1,480
37,230
207,074|Resources
Movement
expended
in funds
£
£
(205,234)
(35,390)
(5,000)
-
(1,500)
-
(20,050)
-
(4,200)
-
(5,000)
-
(1,480)
-
(37,230)
-
(242,464)
(35,390)| |---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.4.22|in funds|31.3.24| ||£|£|£| |**Unrestricted funds**|||| |General fund|78,663|24,186|102,849| |**Restricted funds**|||| |Art Fund|13,320|(13,320)|-| |Hereford Council|-|8,558|8,558| |Ledbury Poetry Festival|-|1,555|1,555| ||13,320|(3,207)|10,113| |**TOTAL FUNDS**|91,983|20,979|112,962| continued... Page 13 **Meadow Arts** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **10. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Art Fund
Elmley Foundation
Wychavon Council
Hereford Council
Churches Conservation Trust
Leominster Cultural Consortium
Avon Meadows Project
Max Reindhart Foundation
Worcestershire Arts Council
National Trust Herefordshire
Ledbury Poetry Festival
**TOTAL FUNDS**|Incoming
resources
£
407,808
-
20,001
1,500
63,703
4,200
5,000
1,480
5,499
250
500
2,332
104,465
512,273|Resources
Movement
expended
in funds
£
£
(383,622)
24,186
(13,320)
(13,320)
(20,001)
-
(1,500)
-
(55,145)
8,558
(4,200)
-
(5,000)
-
(1,480)
-
(5,499)
-
(250)
-
(500)
-
(777)
1,555
(107,672)
(3,207)
(491,294)
20,979| |---|---|---| ## **11. RELATED PARTY DISCLOSURES** The following transactions involving trustees took place during the year. Hereford College of Art was paid £3,300 by Meadow Arts in relation to the management of an artistic project. Daniel Pryde-Jarman is an employee of Hereford College of Art which paid him £3,300 to undertake the work. Daniel Pryde-Jarman was paid £600 by Meadow Arts to run two artistic workshops. Gemma Moore was paid £4,000 by Meadow Arts for her services as the coordinator of an artist network and £76 as an artist fee. Page 14 ## **Meadow Arts** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** ||31.3.24|31.3.23| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|565|242| |Arts Council Grants|163,889|163,889| |Other grants & partnership contributions|67,236|42,530| |Earned income|298|320| ||231,988|206,981| |**Investment income**||| |Deposit account interest|505|93| |**Charitable activities**||| |Public Art Trail|52,800|-| |**Other income**||| |MGETR Tax claim|19,906|-| |**Total incoming resources**|305,199|207,074| |**EXPENDITURE**||| |**Charitable activities**||| |Artists fees and expenses|92,775|81,478| |Marketing and advertising|8,237|10,797| |Education and engagement|9,276|10,660| ||110,288|102,935| |**Support costs**||| |**Management**||| |Wages|112,370|114,826| |Social security|2,741|4,035| |Rent|3,631|3,590| |Insurance|2,183|2,417| |Telephone and internet costs|332|406| |Printing, post and stationery|235|138| |Management and consultancy|3,016|2,227| |Motor and travelling expenses|6,605|4,934| |Subscriptions|693|2,189| |Sundry expenses|13|81| |Accountancy|1,008|594| |Bookkeeping and payroll|3,834|2,985| |Bank charges|142|136| |Training|398|971| |**Depreciation**||| |Plant and machinery|10|-| |Computer equipment|1,253|-| ||138,464|139,529| This page does not form part of the statutory financial statements Page 15 ## **Meadow Arts** ||**Detailed Statement of Financial Activities**|||| |---|---|---|---|---| ||**for the Year Ended 31 March 2024**|||| |||31.3.24|31.3.23|| |||£|£|| |**Management**||||| |**Governance costs**||||| |Travel and refreshments||78||-| |Total resources expended||248,830|242,464|| |**Net income/(expenditure)**||56,369|(35,390)|| This page does not form part of the statutory financial statements Page 16