LA ARTS UDITED NNUAL REPORT & FIN NCIAL STATEMENTS FOR THE YEAR ENDED TH 29 MARCH 2024 Company No. Oti655438 Charity No. 1128459
SOLA ARTS TRUSTEES, REPORT FOR THE YEAR ENDED 29TH MARCH 2024 The trustees are pleased lo present their report for the year ended 29 March 2024. The financial statements have been prepared in accordance wilh the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable iii the UK and Republic of Ireland published IFRS 1021 as amended for accounting periods commenGing from 1 sl January 2019. OBJECTIVES AND ACTIVITIES The objects of the charitable company are.. 1) The advanment of public education by the provision of arts projects. 21 The relief of persons who have become displaced persons or refugees from the countries of their origin or domicile by reasons of hoslililies, persecution, oppression, discrimination, natural distress or olher like causes, and their families and dependents who are in conditions or need, hardship and distress. 31 The relief of persons who experience mental deslress and their families and dependents who are in conditions or need, hardship and distress, by the provision of Arl Therapy (also known as Art Psychotherapy). 4) Any other purposes charitable by law for the benefit of the communily. In considering the objectives and activities, the trustees have considered Charity Commission guidance on public benefit lo ensure Ihal SOLA Arts is meeting its public benefit requirements. ACHIEVEMENTS AND PERFORMANCE The 2023-24 Chair's Report continues lo bring optimism for SOLA'S next 12 months, celebration of our work and development over the past year. This year, SOLA has further established as the region's leading Art Psychotherapy offer and focused arts & mental health charity with a focus on supporting displaced people al our core. We have had changes in Trustees and brought in new staff to support this journey, and alongside of this the support of our team including trustees, staff and volunteers continues lo bring richness, diversity and a wealth of expertise and dynamism lo every aspect of SOLA and our services for the community. The importance of Art Psychotherapy and Social Support being the underlying foundation for our delivery continues to be fundamental lo beneficiary needs and our expansion of this service to provide ever more support lias been a very positive development this year. We continue lo have great support from grant making bodies, doiiations and contracting opportunities to directly support over 700 people throughout the year. March 2024 an Independent Evaluation was completed reviewing our National Lollery Reaching Communities grant fund for a detailed analysis of our core programme delivery, oulcomes and learning. Conclusion and recommendations of the evaluation report It can be concluded from this report that Sola Arts 2023 programme has resulted in 695 individuals benefilling tremendously because of accessing the programme, across 15 aclivitieslservices. This demonstrates there is a need for the work of Sola Arts and that people are accessing it.
SOLA ARTS TRUSTEES, REPORT FOR THE YEAR ENDED 29TH MARCH 2024 Accessibility.. Over 90°/o of beneficiaries are from the BAMER communities and of all ages and from across Liverpool with a small contingent from wider boroughs. It can be concluded that Sola Arts is delivering on ils objects, reaching its beneficiaries, and exGeeding its targets. Sola Arts is well connected in the sector. Sola Arts should continue to work with the parlnerslagencies and strengthen referral pathways into the service and keep abreast of government policy change, especially with the upcoming general election and potential change of Government. Impact:11 can be concluded that Sola Arts is having a positive change on its beneficiaries lives right across the whole programme. This is illustrated by the oulcomes detailed in this report e.g.,86.470/o experienced reduced isolation, and people fell better connected, 85. 32 /D felt they had improved integration with and in the community, 78.99 /0 were able to access and essential needs, 77.69010 were keeping active and focusing on healthy living and 51 .070/0 had reason and opportunity to keep focussed, develop a routine, and fell more positivity in their daily life. It is evident that parlicipatioii has been a positive experience for the beneficiaries and has had an extremely positive impact on their everyday lives including with their personal circumstances, their rights and entitlements, access lo opporlunilies, family relationships and inleraclions with society. There is no reporllrecord of any beneficiary not positively benefilling from the programme because'of Sola Art's inlerventionslwork. Where an individual has experienced a negative iinp8Ct, this has been due to their personal situation, circumstance, or incident and outside Sola Art's control. By the very nature of the 15 activilieslservices offered (with acSS lo in-house Therapy) some have lower beneficiary numbers, but this is relevant to the nature and the c8pacity of each programme element and not due to lack of need or uptake. The Directions project element will come to an end in March 2024 when the current contract expires with the DWP. It is recommended that further funds be sought to sustain some of these elements albeit at a lower capacity. This is due to the fact that it is expected that a number of beneficiaries under the reselllement Afghan programme will have completed their journey with Sola Arts and be settled by Summer 2024. 11 is projected that Sola Arts will work with a lesser number of beneficiaries in 2024 which has always been the plan due to the ending of time limited programmes etc. Fundiiig: Match funding to the current NLCF 3-year award (expiring February 2026) will need to be applied for in 2024 to support the programme going forward and a successiori plan income and fundraising plan developed. This report demonstrates that Sola Arts is effective in its curreiil deSivery model and resoLirces need to be secured for ongoing provision. Processes.. 11 can be concluded that the new 5-week sellling in process has helped the Sola Arts team Ljndersland their approach belter, helping the lo recognise the importance of their Trauma Informed ApproaGli and review. The setlling-in period is a focal point in the client's journey through which Sola Arts can evaluate and beller understand how the charity needs to adapt service delivery and strive for improvemenl.11 is evident that this new process has benefited the clients with a customised calendar produced that meets their needs and interests. This new process should continue and be regularly evaluated. Ivionitoring and evalLiation tools Sola Arts uses a wide variety of methods lo obtain feedback and understand ils impact of the lives of its beneficiaries. Overall, the current system works well and provides good data which the charity can use to adapt and plan ils work going forward. Regarding the new co-produced ciealive evaluation tools trailed in 2023, It is not recommended lo use tlie Bertie creative evaluation tool with children and young people as it prodLiced inaccurate data. Consideration should be given lo an alternative method better suited lo the target beneficiary group The Belly creative evaluation tool appears lo have worked well, and il is recommended this should be used going forward.
SOLA ARTS TRUSTEES, REPORT FOR THE YEAR ENDED 29TH MARCH 2024 The Development Star trial has resulted in excellent data that Gaplures personal development for beneficiaries as they follow their journey with Sola Arts. Whilst it would be loo administratively tasking to undertake these new evaluation methods with all beneficiaries, a bigger sample would be recornmended. On this first trial il was circa 12 % of total beneficiaries. It is recommended lo increase this to 20 % especially as Ihei'e is a projected natural reduction in beneficiary numbers, for the reason already staled herein. Slafflvolunleers have regular team meetings and development days. Evalualion should form part of these as a fixed agend81 itinerary item. This will assist in the whole team both Ljnderstanding the importance of monitoring and evaluating Ihe worl< of the charity and,. lo celebrate the positive impacts their work has for many people's lives. The full evaluation report is available on reqLJest. Coming out of the depths of the COVID pandemic has enabled us lo re-eslablish contract and donalions-based income, in particular growing the Adoption Support Funded therapy provision and regaining donations support through private therapy provision for trainee Arl Psychotherapists amongst other donation-based therapy We delivered a full programme weekly including Art Psychotherapy, Child & Adolescent Psychotherapy, Reflective Parenting inlervenlions, ESOL, Art Group, Creative Growing art & nature, Tiansitions project supporting social & welfare needs, as well as Creative Exploring visiting art & cultural venues. Our therapy programme and a therapeutic community approach continue lo be the foun(Jation of our delivery and model. Grant fundiiig from the main grants we have received this year, plus Eleanor Ralhbone Trust have been supportive lo enable this focus. This year we received parl grant funding from Migrant 14elp lo pilot a long awaited and we15 needed mental health project for 16-19-year-old asylum seekers and recently settled refugees in the region. This will run for 12 months and picks up on our iiisighls in the mental health needs of this participant group over the past 20 year of SOLA'S journey. We started as a charity sel up initially lo support unaccompanied minors through the arts and wellbeing, and in full circle in the most recent years have increasingly been asked lo deliver a mental health service for 16-19-year-olds who are a highly vulnerable and neglected age group in genera and especially amongst the refugee and displaced Gommunilies in the region. As such, our 16- 19 Creative Growing pilot project has evolved providing Arl Psychotherapy, Adolescent Psychotherapy and a weel<ly Therapeutic arts & nature group. Whilst the pilot is small and limited, through this specialist delivery, we are hopeful that we can fill some of the gap in the mental health services in the region. With the move of Afghan families arrived as part of the ARAP scheme, from tèmporary accommodation into permanent and independent accommodation, our work with the community in their bridging hotel ended and we wished the families well on their next stage of resettlement. It had been an intense experience supporting the families for over 18 months, and a privilege to do so. Along with our work with Afghan farnilies in the ARAP scheme, our contracted activities the Directions project ended this year, and we have been successful in partnering again with The Women's Organisation and other key organisalions in consortia lo run the Paths to Prosperity project. This programme comprises of a smaller number of consortia organisalions and a smaller income whilst greater flexibility that aligns well to our approach of supporting people with enduring mental and physical health situations towards independence and improved quality of life. The programme focuses on people not obliged to look for work and so we have chosen lo work more with adults who experience long term illness, people with disabilities, people who have younger children not yel in school and women who have historically had theii partner solely SLJStaining the family income.
. SOLA ARTS TRUSTEES, REPORT FOR THE YEAR ENDED 29TH MARCH 2024 This fits well into our core participant group in general and we continue the focus on supporting displaced people in these circumstances as well as increasingly people with learning disabilities or mental health challenges from the wider communities. The Directions and Paths to Prosperity programmes, along with and Adoption Support Fund contracted therapy services have been our two main unrestricted funding streams and contributed significaiitly lo our income throughout the year. Together with these our first National Lollery Reaching Communities grant and HAF and Eat to Meet grants combined through the continue support from MPAC have enabled SOLA to have a solid foundation for the year Ihrougli which lo springboard further smaller enabling grants and ensure that staffing needs can be mel whilst enhance options for team delivery, volunteering programmes and essentially our offer to parlicipanls according to their needs and alongside of our Objectives. Our core arts programme was enhanced through a Eurogrant from Culture Liverpool as parl of the Eurovision Song Contacts activities and celebrations through the city. It was funded to be a parl of this wider cultural programme and an important experience for the Ukraine community whom we support. With the support from MPAC and LCVS grants HAF and Eat to Meet, and the Citizen Advice Liverpool's Household Support Fund we have been able to Gontinue delivering a varied and dynamic programme of activities during school holidays for displaced families most isolated and vulnerable in our communities. We began taking our mobile creative space the Creative Calm Van to Initial Accommodation Cenlres in Liverpool to bring fun filled family bonding activities lo people who are newer lo the city and have limited funds to support travel costs for their family. Working once again with The Flying Seagull Project brough circus skills and lots of clowning around laughter lo each holiday programme and we are grateful of FSP'S continued in-kind offer for our families and programming. The van was inspired by the late Carl Peterson a valued Trustee and continues lo be one of his legacies al SOLA. With Fawaz having stepped down as Trustee and becoming a member of the staffing team, he has relished taking on Ihe task of repaii and upgrading the van to be more comfortable and aGcessible for participants lo use as an activities and therapy space. Fawaz is doing a great job of redesigning the interior with support from our great friend and supporter, George. Fiom Toxleth Town Hall. Our wonderful Cal continued lo support SOLA'S cause in a number of ways including organising donations of Christmas presents from the English school she now works and by her kindness lo pul SOLA'S Creative Calm Van fonvard for a Liverpool SOUP grant, which was successful. This has ensured that we can work on the generator and other repairs and ongoing costs for the van and through this work towards a warmer mobile space for the winter and give Fawaz lols to be getting on with lo upgrade the van even morel Whilst we said goodbye lo our lovely Hyall from being one of the Transitions project workers and a valued and loved member of the team, we welcomed Hyatt's continued passion and investment in SOLA by her moving into a Tru8tee position, Hyall as a staff member not only supported many individuals and families through their asylum proves and reseltlemenl, whilst also edLicating about having a warmer home approach and financial literaGy as part of the Transitions programme and helped us sel up our very own Vintage page working with core voluiileers. Hyall has taken on role as Trustee Secretary, and we look forward to her investment in the Trustee board and bringing her insights into our strategy moving forward. We were again supported by Liverpool Clinical Commissioning Group for the Greenspaces Programme which enabled us to continue our offer within Toxleth Town Hall community garden, as well as Ihi'ough foraging and programmes connecting people closer with nature.
SOLA ARTS TRUSTEES, REPORT FOR THE YEAR ENDED 29TH MARCH 2024 Foraging continues to be a favoured activity by parlicipanls and staff alive and our community garden space continues lo be established, being one if not the only community growing project cullivaling a range of wild mushrooms and having expert foragers and mycologists teach us how lo identify wild food for free. This year, we contracted the lovely Denise who runs Momentum Expedite lo independently evaluate our programming, through a comprehensive review of the effectiveness, outcomes and learnings of our delivery and services. This has been the most expansive of any independent evaluations we've undertaken, been a learning curve and extremely valuable for us to have and be able to reflect upon. As a result, this has impacted our planning and offer lo best respond lo outcomes and needs identified through the evaluation process. We will continue lo contract independent evaluation for 2024-25 to come, seeing value in this approach to support our design and delivery for programming and review the benefits and areas for enhancement in our services. The soGio-politic environment that gives much context to our work continues to be olistressing and degrading for our core parlicipanls, which we daily work with lo ensure that people and families have opportunity for hope and self-agency. This ongoing and ever more obvious contradiction in the way that the government is Irealing people seeking asylum is complex and continued to be concerning not only for SOLA'S clients whilst also for our team who hold the needs of displaced people al Ilie core of our worl( and ethos. As such, we have continued to voice these concerns through the strategic networks we sit on and key social policy influencers with whom we are linked. Seeing the direct impact of the frontline work we do on staff and volunteers., this year we have given platforms and psycho-educational training for our team in Trauma Informed practice. Through this, we have ensured ongoing reflection and review of acknowledging SOLA as a trauma informed service whilst ensuring a space and opportunity lo understand the impact of this on the team and provide ways for staff and volunteers to recognise and implement a trauma informed approach for participants and ourselves. This has further held lo SOLA being asked to present about Trauma Informed Approaches in ESOL lo Liverpool City Counc,il Asylum & Refugee Network ESOL Network. Working over the past year with new partners such as Vibe, Thrive and ACE, whilst further strengthening collaboration with Belle Vale Children's Centre, the British Red Cross, The Women's Organisalion, MOWLL, as well as the Everyman & Playhouse Theatre. As can be seen, SOLA has continued to explore new options for programme delivery whilst enhancing and further establishing our core programme. SOLA continues lo be innovative and committed lo best support people most in need of support, showing this through our desire lo understand, empathy, passion and action. Once again, the SOLA team has surpassed any expectation of the quality and benefit of our work for individuals and the community. Having such a varied skills sel, expertise and passion for SOLA'S work is testimony lo a wonderful and vibrant multi-skilled and multi-talented group of people who make SOLA what il is. We continue to find ourselves and as a team to adapt, support each other and evolve. Everyone who has been on the SOLA team journey over the past 12-monlhs has been formidable, compassionate, highly skilled and committed, and I would like lo convey sinceresl gratitude and respect to our team for this, staff, volunteers, Trustees and supporters,
SOLA ARTS TRUSTEES, REPORT FOR THE YEAR ENDED 29TH MARCH 2024 Without the passion and care of our talented team. SOLA wouldn't be where we are now. With this in mind, I'd like to finish by saying a big THANKS lo every single person involved in our programming and deliveryl FINANCIAL REVIEW Total income in the year was £358,397 (2023.. £190,944) of which £111,301 {2023'. £93,957) related lo funding for projects upon which restrictions are placed. Total expenditure in the year was £267,183 {2023'. £228,829), leaving a surplus for the year of £91 ,21412023: deficit £37,885). At 29th March 2024 the charitable company's reserves stood at £128,94512023.' £37,731) of which £34,701 12023.. £22,619} represented reslricled funds RISI< IvIAlAGEMENT The main risks to which the charitable company are exposed as identified by the Trustees have been considered and systems have been established lo mitigate those risks. RESERVES POLICY 11 is the policy of the charitable company to maintain unrestricted funds, which are free reserves., al a level which will allow the charity to cover redundancy costs, lease commitments and conliiiue its activities for three months should no further funding be received. As al the end of the fin8llGial year the unreslricled funds lotaled £94,244. The charitable company requires £18,369 for redundancy provision, £895 lease commitments and £41,988 for three months, running costs (Total £61,252). The Iruslees, plans for the balance of the unrestricted reserves are the continuation of the staff levels and delivery of projects. PLANS FOR THE FUTURE Whilst our suslain8bility coiilinues to be a priority and increasing our reserves an imporlanl consideration for the management and Trustees. Sustainability through increased commissioned services for our core focus and activity, as well as longer-lerm large grant fuiiding have become a focus for the coming year. Grant fUndng, COVID 19 aiid impact on Reserves SOLA now feels that we al-e showing strength corning out of the main COVID pandemic and its impact on our delivery and financial suslainabilily. Having in fact grown during the COVID pandemic, we have novv to focus on the sustainability of this growth. This includes achieving fuiiding lo maintain staffing at the current level of 1 full time and 11 parl time staff whilst programme delivery recogiiises need for such a staffing team size. The foundation of National Lollery Reaching Communities, HAF and Eat to Meet grant funding alongside of ASF contracts as well as Directions and Paths to Prosperity contracts, have allowed us to ensure core delivery. As with the previous year, this has made L]s financially sound, and we are looking towards a healthy slarl for the coming 2024-25 financial year. We intend to continue striving for improved firianci81 sland ing and growth, whilst ensuring meaningful and considered delivery of provision to the cominunily.
SOLA ARTS TRUSTEES, REPORT FOR THE YEAR ENDED 29TH MARCH 2024 Grant funding has been welcomingly forthcoming, enabling us lo respond and adapt. I would like lo thank funders stepping in to support and sustain SOLA and our activities, namely., National Lottery Community Fund, MPAC, LCVS and Liverpool City Council all as part of the Liverpool Play Partnership, DWP & ESF, Department of Skills, Liverpool Combined Authority. Liverpool City Council, Liverpool CCG and Mersey Forest, Feeding Liverpool Household Fund, Culture Liverpool, Eleanor Ralhbone Charitable Trust and all of our l(ind donators and supporters, These vital emergency grants and donations have helped us not only survive bul indeed thrive in order lo meet an increased demand for our services. All of these funders have been empathetic and encouraging lo our delivery and receptiveness lo deliver appropriately and in a flexible and proactive way for the people and communities wp support. Commissioned and contracted delivery of arts programming and Art Psychotherapy has begun lo increase following the pandemic. This includes contracting by local authority Social Services Children's Services in particular Special Guardianship Teams and by Fostering and Adoption services across the region. As well as contracted delivery for The Women's Organisalion through the Directions and the Paths to Prosperity projects has ensured conlinuily of core income and support for participants in our core programming and development towards and into training and employment and opportunity. We have been able to thrive financially during thig period, resulting in having notable value of funds towards our Reserves. This is a SucsS and enables a healthiness for our finanGial Gapacily ongoing and to build on in the coming financial year. We have several large and smaller funding applications awaiting outcome from local and national grant funders and so continue with positive energy al this stage moving forward. STRUCTURE, GOVFRNANCE AND MANAGEMENT SOLA Arts is a charitable company limited by guarantee (registered in England and Wales, No. 06655438) incorporated on 24th July 2008 and registered as a charity (number 11284591 on 6111 March 2009. The company was established under a Memorandum of Association which established the objects and powers of the company and is governed by its Articles of Association. The Memorandum and Articles of Association were amended by SpeGial Resolution on 13th February 2009 and again 20th October 2015. Any one over the age of 18 can become a member. It is managed by an Executive Committee of trustees. Executive committee meetings are held monthly, and agenda items include finance, he31th & safely and staff reports. REFERENCE AND ADMINISTRATIVE DETAILS Name SOLA Arts Company Number Charity Number Registered Office 06655438 1128459 Room 19, Toxleth Town Hall 15 High Park Street Liverpool Merseyside, L8 8DX
SOLA ARTS TRUSTEES, REPORT FOR THE YEAR ENDED 29TH MARCH 2024 Board of Trustees The Board of Trustees are also its directors. Members are elected by Annual General Meetings of the members of the council in accordance with the Articles of Association. (Resigned 27th July 2023) (Appointed I sl June 2023) (Appointed 29" March 20231 (Appointed 1 oth February 20241 Trustees F Almotlak N U Barikumwe R Mho Zada H Murshid L Omar A Spiers Chair N YoLisef Indepeiident Examiner Ying Huang ACCA, clo LCVS 151 Dale Street, Liverpool. L2 2AH The Co-operative Bank PLC PO Box 250, Skelmersdale, WN8 6WT Bankers Signed on behalf of the Board of Trustees, A Spiers Trustee- Chair Date:
SOLA ARTS STATEMENT OF TRUSTEES, RESPONSIBILITIES Company law requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the state of affairs of the charitable company a8 at the balance sheet dale and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial slatemenls, the trustees should follow best practice and.. select Suitable accounting policies and then apply them consistently.. observe the methods and principle in the Cliarities SORP., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the company will continue as a going concern-, State whether applicable accounting standards have been followed, subject lo any malerial departure disclosed and explained in the financial statements. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy al any lime the financial position of the charitable company and lo 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 cornpany and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularities. The financial slalements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and 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 published (FRS 1021 as amended for accounting periods commencing from 181 January 2019. By Order of the Board A Spiers - Trustee Room 19, Toxteth Town Hall 15 High Park Street Toxteth Liverpool Merseyside L8 8DX Date.. 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOLA ARTS I report oli the accounts of the charitable company for Ihe year ended 29th March 2024, which are set out on pages 12 to 23 The Iruslees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Iruslees consider Ihal an audit is not required for this year ended under section 144(21 of the Charities Act 2011 Ilhe 2011 Acll and that an independent examination is needed. It is my re8ponsibilily to.. examine the accounts under section 145 of the 2011 Acl, lo follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515)Ibl of the 2011 Act, and to slate whether particular matters have come to my attention. Res ective res onsibilities of Irust&es and examiner Basis of inde endent 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 proGedures undertaken do not provide all the evidenGe that would be required in an audit, and consequently no opinion is given as lo whether the accounts present a 'lrue and fair, view and the report is limited to those matters set out in the statement below. Inde endent examiner's In connection with my examination, no matter has come lo my slaten7ent atleiilion.. {1) which gives me reasonable caLJse lo believe that in, any material respect, the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006., and to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principleg of the Statement of Recommended Practice.. Accounting and Reporting Charities have not been mel., or 12) lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Mrs Ying Huang Relevant professional qualification or body.. ACCA Address., clo LCVS 151, Dale Street, Liverpool, L2 2AH Dated..
SOLA ARTS STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure) FOR THE YEAR ENDED 29TH MARCH 2024 Notes Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Income and endowments from: Donations and legacies Charitable activities 5,446 241,650 5,446 352,951 7,995 182,949 3b 111,301 Total income 247,096 111,301 358,397 190,944 Expenditure on: Charitable Activities 167,964 99,219 267,183 228,829 Total expenditure 167,964 99,219 267,183 228,829 Net incomel(expenditurel, net movement in funds 79,132 12,082 91,214 {37,8851 Total funds brought forward 9, 10 15,112 22,619 37,731 75,616 Total funds carried forward 8-10 94,244 34,701 128,945 37.731 The notes on pages 14 10 23 form part of these aGoounts. All the above amounts relate to continuing activities of the charitable company. 12
SOLA ARTS COMPANY NUMBER 06655438 BALANCE SHEET AS AT 29TH MARCH 2024 Notes th 29 March 2024 th 29 March 2023 Fixed assets Tangible fixed assets 3,775 3,436 Current assets Debtors Cash al bank and in hand 17,201 111,297 31,826 4,525 128,498 36.351 Current liabilities Creditors.. amounts falling due within one year 13,328} 12,0561 Net current assets 125,170 34.295 Total assets less current liabilities 128,945 37,731 Reserves Unrestricted funds Reslricled funds 94,244 34,701 15,112 22,619 8,10 128,945 37,731 These financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). These accounts have been prepared in accordance with the provisions applicable to small companies subject lo the small companies, regime and in accordance with FRS102 SORP. For the period covered by these accounts the company was entitled to exemption under seclioii 477 of the Companies Act 2006 relating lo small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The trustees, who are the directors of the company, acknowledge their responsibility for complying with the requirenients of the Act with respect to accounting records and the preparation of financial statements. Approved by the Board on.. piérs Trustee 13
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 TH 1. Limited Liability The charily is a company limited by guarantee. Each member's liability is limited lo £10. 2. Accounting Policies Basis of accounting The financial slalemenls have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accoLinls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102} as amended for accounting periods commencing from 1 sl January 2019 and Charities Act 2011 and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded to the nearest £. The financial slalemenls have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise slated in the relevant notels) lo these accounts. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concern Al the time of approving the accounts, the Trustees have a reasonable expectation that the charitable company have adequate reserves up to continue in operational exislenGe for the foreseeable future. The Truslees are confident that the levels of liquidity and free reserv8s will not affect the Charity's operations. Thus, the Trustees continue lo adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the charity's free reserves available for the trustees lo apply in accordance with the charitable company's charitable objectives. Restricted funds are subject lo specific reslriclive conditions imposed by the donor. All reslricled funds are accounted for as reslricled income and expenditure for the purposes is charged lo the fund. Income recognition All income is recognised once the charity has entitlement lo the income, there is sufficient certainty of receipt and so it is probable that the income will be reived, and the amount of income receivable can be measured reliably. Donations and legacies comprise of monetary donations and general grants which are recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis except for grants receivable, which are recognised on the dale on which their unconditional payment is confirmed by the donor. 14
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 TH Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses, including support costs and goverriance costs, are allocated or apportioned lo the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the reslriclions, as specified by the donor. Expenditure on charitable activities relates to the operation of the charity comprising of direct charitable expenditure lo meet the objectives of the charitable company. Support and 90vernance cosls relate lo the management and operation of the organisation and also compliance with conslilutional and statutory requirements in producing the annual report. These are dealt with in the Slalement of Financial Activities when payment has been approved by the charitable conipany. Fixed Assets Capital expenditure of £250 and above is staled in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over ils expected useful life as below.. Office Equipment.. Motor Vehicles.. 33010 per annum straight line basis. 33 /0 per annum straight line basis Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls. Fiiiancial instruments are recognised in the charity's balance sheet when the charity becomes party to the coiilraclual provisions of the inslrumeiit. Financial assets and liabilities are offset, with the net amounts presented in the financial slatemenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention lo sellle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amorlised cost using the effective interest method unless the arrangement constitutes a fiiiancing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. 15
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 TH Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless Ihe arrangement constilules a financing Iransaclion, where the debt instrument is measured at the present value of the future receipts discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortise(J. Debt instruments are subsequently carried at amorlised cost, using the effective interest rale method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by tax legislation and is not liable lo corporation tax on income or gains falling within those exemptions. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assLJmplions are based on hisloriG81 experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 3. Income and endowments from Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 a. Donations and legacies Donations Gift aid 4,255 1,191 4,255 1,191 7,995 5,446 5,446 7,995 Donations and legacies income for 2023 related wholly lo unrestricted funds. 16
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 TH Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 b. Charitable activities BEPS Funding Grant Citizen Advice Liverpool Household Support Fund Contract and commission income Edward Goslling Foundation Elizabeth Ralhbone Charitable Trust ESF Community Fund Eurogrant Feeding Liverpool Healthy Activity and Food Holiday Activities and Food LCVS Comniunity Impact Fund LCVS Holiday Activity & Food Mpac Mpac Eat lo Meet National Lottery Community Fund Our Liverpool Grant Sutton Croft Holiday Activities and Food Therapy income UKSPF Digital Connectivity 10,000 10,000 1,408 1,408 235,539 235,539 84,263 5,000 2,000 2,000 16,998 2,000 2,000 1,051 20,500 2,000 7,000 5,500 9,000 61,445 9,000 61,445 29,973 5,935 19,448 19,448 6,111 6,000 6,111 4,729 6,000 241,650 111,301 352,951 182,949 I ncome from charitable activities in 2023 comprised £88,992 for unrestricted funds and £93,957 related lo restricted funds. 4. Expenditu re on Charitable Activities Direct Support & Charitable Governance Expenditure Costs 2024 2024 Total 2024 Total 2023 The advancement of public education and help families and dependents who have experienced mental distress by the provision of arts therapy 228,035 39,148 267,183 228,829 17
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 a. Analysed as follows: TH 2024 2023 DireGt charitable expenditure.. Staff salary costs Pension Project facililalor fees Sessional fees Interpreting fees Motor expenses Travel and 8ubsistenGe expenses Activities expenses Equipment Room hire Volunteer expenses Donation 173,097 3,965 14,714 7,624 640 1,828 13,840 5,744 535 3,382 2,626 40 103,120 2,539 21,124 15,989 340 7,644 12,438 155 2,452 6,331 1,288 228,035 173,420 2024 2023 Support & Governance costs.. Staff salary costs Pension Insurance Office costs Rent Rates Computer and website expenses Subscriptions Companies House Training DBS fees Bank charges Payroll fees Accountancy Depreciation 19,233 441 1,168 3,104 7,693 467 34,669 794 2,581 2,537 7,636 1,351 294 1,315 13 980 43 805 785 1,265 2,637 649 1,200 2,880 39,148 55,409 Total expenditure on charitable activities 267,183 228,829 £99,21912023'. £92,065) of the above expenditure relates lo reslricled funding.
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 TH b. Staff Costs 2024 2023 Gross wages arTrd salaries Social security costs Pension Costs 186,226 6,104 4,406 134,268 3,521 3,333 196,736 141,122 The above staff costs figure includes director's remuneration of £30,577 (2023: £23,422). Particulars of employee numbers: The average nuinber of employees during the year 11.8312023.. 9,431, and calculated on the basis of full-time equivaleiils, was as follows.. 2024 2023 Charitable activities No employee received emoluments of more than £60,000 during the year.12023.' £nil). No out-of-pockel expenses were reimbursed lo trustees in the year12023: £nill. 5. Tangible fixed assets Office Motor Vehicles Equipment Total Cost: Balance at 301h March 2023 Additions 20,807 2,976 5,000 25,807 2,976 th Balance at 29 March 2024 23,783 5,000 28,783 Depreciation.. Balance at 30th March 2023 Charge during the year 19,223 2,020 3,148 617 22,371 2,637 Balance at 29 March 2024 21,243 3,765 25,008 [et Book Value at 29th Wlarch 2024 2,540 1,235 3,775 Nel Book Value at 291h March 2023 1,584 1,852 3,436 There were no material capital commitments al the period end. All fixed assets were used in the direct charitable activities of the charity.
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 TH 6. Debtors 2024 2023 Debtors Prepayments 15,652 1,549 30,328 1,500 17,201 31,828 7. Creditors.. amounts falling due within one year.. 2024 2023 Accruals Pension 2,407 921 1,200 856 3,328 2,056 8. Analysis of net assets between funds 2024 Tangible Fixed Assets Net Current Assets Total Unrestricted Funds General Fund 3.636 90,608 90,244 Restricted Funds BEPS Funding Grant Citizen Advice Liverpool Household Support Fund Foyle Foundation National Lottery Community Fund Sutton Croft Holiday Activities and Food 10,000 10,000 475 475 23 23 20,258 3,945 20,258 3,829 116 139 34,562 34,701 Total Funds 3,775 125,170 128,945 20-
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH MARCH 2024 2023 Tangible Fixed Assets Net Current Assets Total Unrestricted Funds General Fund 2,629 12,483 15,112 Restricted Funds Edward Gostling Foundation Foyle Foundation National Lottery Community Fund 1,395 1,395 160 21,064 160 647 20,417 807 21,812 22,619 Tolal Funds 3,436 34,295 37,731 9. Unrestricted Funds Movements in the Year Income Expenditure 2024 Reserves at beginning of Year Reserves at end of Year General Fund 15,112 247,096 (167,9641 94,244 Movements in the Year Income Expenditure 2023 Reserves at beginning of Year Reserves at end of General Fund 54,889 96,987 {136,764) 15,112 General Fund is used to finance the charitable compaiiy's general activities as outlined in the Trustees, Report.
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 TH 10. Restricted Funds Movements in the Year Expenditure Reserves at beginning of Year Income Reserves at end of Year 2024 BEPS Funding Grant Citizen Advice Liverpool Household Support Fund Edward Goslling Foundation Elizabeth Ralhbone Charitable Trust Eurogrant Foyle Foundation Mpac Eat to Meet National Lottery Community Fund Sullon Croft Holiday Activities and Food UKSPF Digital ConneGlivity 10,000 10,000 1,408 (9331 (1,395) 12,000) 12,0001 (1371 (9,000) 162,251) 115,5031 16,0001 1,395 2,000 2,000 160 23 9,000 61,445 19,448 21,064 20,258 3.945 6,000 Totals 22,619 111,301 199,2191 34,701 Movements in the Year Income Expenditure Reserves at end of Year 2023 Reserves at beginning of Year Edward Gostling Foundation ESF Community Fund Feeding Liverpool Foyle Fouridalion Holiday Activities and Food LCVS Community Impact Fund LCVS Holiday Activity & Food LCVS Innovation in Communities Fund Mpac National Lollery Community Fund Our Liverpool Grant 5,000 16,998 1,051 13,6051 (24,082) (1,051) 11371 (22,6251 12,0001 {7.000) (3,860) 15,5001 (10,4931 (11,712) 1,395 7,084 297 2,125 160 20,500 2,000 7,000 3,860 5,500 29,973 5,935 1,584 5,777 21,064 Totals 20,727 93,957 {92,0651 22,619 These are monies given to the charitable company lo be spent at the discretion of the Board of Trustees for specific charitable purposes, as below. -22-
SOLA ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 TH BEPS Funding Grant Contribution towards 16-19 year olds Creative Growing project supporting asylum seeker and refugee mental health through crealivily, nature and Arl Psychotherapy. Citizen Advice Liverpool Household Support Fund - Contribution towards Emergency food support for parlicipanls. Edward Gostling Foundation Contribution towards art therapy and art activities ESF Community Fund Development of employability skills and social skills through creative activity and skills development, graphic arts skills, cooperative working and exploring sel up of a stLidio run by volunteers. October 2019- July 2020 to deliver moving towards employment programme. Feeding Liverpool Conlribulion towards rent and ulililies Gosts. Foyle Foundation Emergency COVID funding for core costs February 2020 to February 2021 Holiday Activities and Food ContribLltion towards family and children programme. LCVS Community Impact Fund Contribution towards salary costs LCVS Holiday Activity & Food Contribution towards family school holiday activities. LCVS Innovation in Communities Fund Contribution towards employability programme Ivlpac - Contribution towards family school holiday aclivilies. National Lottery Community Fund Contribution towards 'Arl therapy or Man Chat, project Our Liverpool Grant - Contribution towards 'Male Arl Therapy, project. Sutton Croft Holiday Activities and Food activities. Contribution towards family school holiday UKSPF Digital Connectivity Contribute towards lo the running Gosts of SOLA'S creative engagement programme such as FESTIVAL 31 11. Operating Lease Commitments The organisalion has a lease commitment lone rnonlh notice) of £89512023.. £396). 12. Related Parties Adele Spiers, a trustee was paid £14,71412023.' £21,124) as a facilitator on a self- employed basis during the year ended 29th March 2024. 13. Contingent Liabilities l-he charitable company did not have any contingent liabilities at 291h March 2024 or 29th March 2023. 14. Guarantees As al 29 March 2024, 6 members had given a guarantee of £10 each in the event of the company winding-up, lolal.. £6012023.. 6 rnembers £60). 23_