REGIsfERED COMPANY NUMBER: 07029960.(England and W2les} RECISTERED CHARITY NUMBER: 1133828 CHARITY COMMISSION RE RTOFT TRUSTE ANC TA NTS FOR HE YEAR NDED 3 DECE ER20 FO EVOLU NART FI CRT LTmiled Flat 24 Wellingtonia Cowl Laine Close Brighton BNI 6TD
' EVOLUTtON ARTS CONTENTS OF THE FINANCIAL STA TEMENTS FOR THE YEAR KNDED 31 DECEMBER 2024 Pag¢ Report of the Th13t¢es 1 10 6 Independent Examlner's Report Statement of FlnaDelal Aetlvldes Balance Sheet Notes to the Flnanelal Stgtements 10 to 16
EVOLUTION ARTS EGISTERED IWMBER: 07029960 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2(Tr24 The trustees who are also direcknTr of the dority for the purpo of the Companies Act 21106. present their report with the fmancial sL*ements of th¢ charity for the yvdr ended 31 December 2024. The trnstees h&ve adopted the provisions of Accounting and Report by awtEies: Ststemellt of RL%omDJended Prncti¢e applicable to charities preparing their accounts in accordance with the FinaDcial Reporting Standard applicable in the UK aDd Rq)ublic of Ireland (FRS 102) (¢ff¢rtive l January 2019). Page I
EVOLUTtON ARTS GJsfERED IWMBER: 07029960 REPORT OF THE TRUSTEFS FOR THE YEAR EIYDED 31 DECEMBER 2024 OBJECTIVES AND AcfIviTKES Objectives, aims arld valucs a) Objeetives The principal objeclives of Evolution Arts are to advance education ill the arts and wellbeing 3nd to protect and pr¢seTve public health through the dispensatson of alternative forn15 of heAlth ITeatmenL Furtherniore. Evolution Arts strives continually to encourage frietmlship, esthance life chancffj improve Confidenc raise self-CSt£em and increa5¢ well-being. b) Alms In working towards its visioD Evolution Ans wilL. Provide a rdn¥e of courses and workshops in Trisual arts. dance, music. yogffj martial arts, WTitin& and other disciplines ain]ed at enhancing h¢alth and Well4)e1 personal development and creativty. We aim to be a model of good practice in all that we do. c) Values Equality Evolution Arts aim$ to offer services which are aeSSIble and meaningful to those IiviDg and working in Brighton and Hove and b¢yoDd. - A supportivt ple to work It aims to PTovide a supportive Work-place for stsff and volunteers. witb an open and consultative Dnagernent style. St&ff developtnent is at the heart of Evolution Arts, day-to4ay WOAtig approacty striviD8 to respond to Staff needs wbether professional or persoDaL Ethical spproacb Evolution Arts is dedicated to providing a seriice to Its cornm1ty that improves life ch8nces and the quality of life, both physicalty *rymotionally and spiritually. Its artivities 5UPEX)rt students in learni new skills in artigtic and health disciplines. but MAY also increase the experience of p)sitive emotion and self awareness in daily life. Evolution Arts is conllnitted to using ethical suppliers and reducing thc organisation's c8rbon fWinL The foundation of it5 values are drawn from the Buddhist traditio Main Objectives for the yeydr The key objectives for 2024 were: - To make the most of the Dew website and Inte¢d booking syst¢m to proll)Ote EvolutiOD'S offer[. The Wix based website wa5 launcbed in November 2023 for course5 Starting in January 2024. - To expand the audience for Evolution's offerings includi8 attractinuF a yOUDger detnographic. - To embed Evolution Arts cours¢s and workshops as an integral part of the activities bappenIr at the Brigbton Buddhist Centre. To work togetber with the Brigbton Buddhist Centre team for the bfi¢ of both orgaDisaiions, encouraging cr085-pollination of attendees for Evolution ATts and th¢ Buddhist Centre. - To develop new ways of op¢ratiDg to create a more sustainable future for the Charity. Further objectives were: To contitiue offering an ever-changing range of affordable cowses and workshops, with the introduction of new courges and workshops as well as maintaining the more profrtable well-established OD¢S. - To increase Customer attendance by improved and pactiVe rna1ng stMegies. - To maintaln links with Comunity orwisations. Slgnifleant Actfvfitfi¢s and Achlevements Evolution's presence 8tthe Bllddhist Centre IKas been firn]ty embedded during the coutse of 2024. Page 2
EVOLUTION ARTS REPORT OF THE TRUSTEES FOR THE YEAR EM)ED 31 DECEMBER 2024 2024 is the first year in which Evolution h&s had the Use of its new website. A SI[ficant achievement hag been to establish best practic¢ and create a unified feel to Evolution's offeriDgs. This has inclU(d building up a batjk of new images for use on the website. The website is t[re friendly, especialty for thos¢ viewing on their mobil¢ phones. There has been a noticeable decltne itt people calling the office to book over the phone. There Iw also been an increase of people subsCning for our newsletters through the website. There has been a more integrated approach to mark¢tiDg and a unified visual brand I17ng the website VAth posters flyers, During 2024 a large Noti¢eb02rd was added to the front of the Buddhisl Centre wbicb displays a rotatill array of posters publi¢ising Evolution's offering and catches passing footfall. N¢w places were foulld to advertise our courses which fit with EvolutiOD'S ethos e.g. Infinity FO CQvopeTativ¢. Manager Kato OBrieD and one other team memlxr continued to DW)age 1be Art5 Centre during 2024 wÉth regular support from tbe Trustees. Evolution ¢ontinues to work with olber v¢nues for the delivery of its programme. The team continued to use Westhill HalL Clarkes of Sussex and also Hearts & Flowers. The relationship with Clarkes of Sussex on Bond Street was strengthened during 2024. Tbey expanded the space available to art classes for Evolution a( Clarkes - enabling an increas¢ in student numbers for key ¢lasses, However, at the end of 2024 Clarkes annouDced that the sbop would be closing ID Febnlary 2025. Evolution h&8 since negotiatsd the use of th¢ en)pty premises until the end of 2026 for its art offering. The team CO11)lled to research and devise a varied progr8mme of workshop$ aDd cowses during 2024, New ¢ourses and workshops included photoshop for begiDllers, getting thted ID creative Writi a yoga nidra sound bath and several wellbeing courses. Noiabl¢ ODes aT¢ melltioned below. Thc dellvery of publie benefit The varied programmc of arts and wellbeing courses and workshops contributes to the health and wellbeiDg of the local community both. Evolution ATts has fostered strong links with the local community since its creatioD. It offer5 a comprehensive range of ourses and workshops lo the public at affordable pricc5. The Tange ofevcnts offered and the way they are d¢livered aim to include all sectors of the ¢omtlluniry. Evolution tutor Kale (YBrien provided ftehing workshops to loca] commuDity groups. For the rst time Evolution worked wilTrL the E&st Hoathly Comtllunity Gard*3n. Evollltion ran a worksbop for volunteers from the garden tO8eth¢r with their childreD and residents of a local care hom¢ fosterin&r a sense of community and providin8 aij opportunity for oldcr and yOUDger people to connect and benefit frnm a shared iDt¢rgenerational a¢tiVity. Working together with tbe Brighton Buddbist Centre free worksbops were provided to the local Community at the Open Day in May 2024. Evolution worksbop5 Included the Alexander Tecbnique, Aikido, Cile Singing and the H¢&ling Voice. Evolution maintained its connection with Hearts & Flowers (an organic tlower growing project based io Stanmer) which provides opportuniiies to lo¢al community group5. Con)ment from an Evolution worksbop participant - "J a]ways enjoy time spent at Heart aDd Flowe]s, it's like having a spa day for the soul!" volution introduced two new w¢llbeing courses (the Art of Relaxation and Circle Singing and the Healing Voice) to nourisb individuals. For these ¢ourses. flexible payment options were prtsvided for those struggling to pay. The trustees confirni that they bave referred to the guidance contained in the Charity Conjmission's general guidan¢¢ on public benefit when reviewing d ¢harity'$ aill and obje¢tive5 a))d in the planning of activities. Page 3
'EVOLUTION ARTS REGISTERED NUMBER: 702ty60 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 21J24 Successful Courses Our art classes (in particular acry]ic& learniog to draw and Explorations in Art (which has a Iherapeutic angle)) continue to be popular. The Artisvs Way cODt[n¢S to be part of our core offeTin& Our new Art of Relaxation course complimented the program. Our Vision Board workshops prov popular and w¢ introduced massage workshops to supplement our ma&s8g¢ Courses. Our Body and Mind offerings coAtiDU¢ to knefit tbe pwefvl sutroundings of the Buddbist Centre. New tutor Paul delivered Aikido. This new addttion to the prowarnn is a tool for self-defence, ¢onfidence-building, fitlless and illcr¥asing flffAibilty. Paul has quickty builf up an enthusiastic followiD& Our yoga offuing CODtiDues (o con]plimeot the programme offered by the Buddhist CeDtre. Evas restorative yoga courses aDd workshops and Rosaria's dance courses provide low coss supwrt lo tbos¢ with health issues. Eva's restorative yoga has growm in popularity alld includes students recovering from long Covid, Publlc benefit The trustees ¢onfirm that they have ttferred to Ébe guidance contained in the Charity Commission's genernl guldance OD public benefrt when reviewing the cb1$ aims and objectives and in the planllu of future activilies. FINANCIAL iiEVIEW Flnancial posltlon The year eDded 31 December 2024 eDded with a Surplus of £338 (2023: Deficit £9,420) all of wbich was an unrestricted deficit which afier adding to the oeneral reserves brought forward now stand at £25,098. Total incoming resour$ for 2024 aaUnted to £63,547 compared lo £54.648 in the previous year. an increas¥ of £8.899 from 2023. Total expenditure for 2024 amounted to £63209 compared tr) £64.048 in the previous year, a dcease of £859 from 2021. line with SORP 2019, expendilure is anal>wd into Iwo main categiories: cbaritable activities of the charity Bnd costs of generatin funds. Charitable activities comprise the main wod( of the charity. Expenditure on chaTitable activitie5 was £61,595 in 2024. compared to £61.942 in the previous year. a deaSe of £347. Reserves pollcy F.volution Arts 13 conrnittsd to Using its tesources in pursuit of its chaTitsbl¢ objectives. It b also committèd however to maintaining a l¢vel of T¢serve$ that is prudent to meeting ongoing liabilitiffj sufficient to eD$ure that dolivery i)n]mitmenls be and to protect th¢ loo84 future of Evolution Ans operations. As at 31 December 2024 the unrestri¢tI reserves were £25,098. Th¢ TneeS CODsid¢r tbat the level of unr¢strictsd reserv¢5 should represent at least 3 rn00th$ expenditure, ExFellditur¢ ID Ibe financial year w8s £63,209 which equate5 to £5,267 per month at current speDding levels. The cbarity 18 ciintntly bolding reserves ihat equate to 4.8 montbs expenditure. The Board of Truslees r¢guJarly monitors the level of reserves and takes appropriate action if reserves fall outside Ihe desired raDg¢. The Trustees have established policies to incJEase general reserves ID 2024 whilst maintaining tbe ethos of the cbarity. Page 4
I VOLtrrioN ARTS cIsr£RED NUMBER: 071129960 REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 FUTURE PLANS The Arts Centre is a nwch loved BrightOQ i110n. The team will be lookiDg to explore new ways in which to build its progryamme to ensure a sustaithle firtur¢. These include: - Looking for additional venues so that we caff incrase the nutnber of Courses w¢ can nu). particularly in the evenings. - Looking for an aentive venlle for art cl&gses post 2026. - Building links with colDmty organitionS to Provide workshops for Brigbton aDd Flov¢ Community GTQUPS. - Incr¥asing presence on social rntslia (Fac¢book InstaJarn) to Taisc the digits] profile of the Centre. - Expanding the overall size of the teaching twn by attracting new tutor6. th)c plann¢d area to tget is an increase ill the writingl ¢ourses offered. - Where poS7)Je, seeking to accomtnodate tbe ioumrt of Ibe incro&sed cost of living crisis exTerien¢ed by some of our clientele. ConliDuing to apply our concession policy flexibty where funding penhits. Building up a ieam of volunteers to support reception for courses and workshops and to help with office administration. - Continuing to foster sustainability in of business model. key petsonnel and fanCeS. The Trustees will Continue to work cl(ksely with the Brighton Buddhist Centre and explore ways which the two Si8ter cbariti¢s can support eath other. STRUCTURE, GOVERNANCE AND MANAGEME Governing doeumeDf Evolution Arts is a cbaritable company limited by guardntee. it was incorporated on 25 Sep*mber 21J09 and registered as a clwity on 27 January 2010. The UOinC0ryr8ted orbianisation was originally constituted on 23 oober 1992 and regAstered as a Chlty on 17 December l992 (number 1062986). Evolution Arts was established under a Memorandum of Associalkon. which deribes the objects and powers of the charitable company: it is governed under its Articl of Association. und those Articles. the Trusteès are elècfra at each Annual General Meeting by the Metnbers of the organisation for a oJ)e year ÉenTL New Thistpes can a150 be co-opted at a spccial General Meettn OrgAnlsallonal structure Evolution Arts is by an Executive ConllnÉttee comprising the Trustees. In addition to the AGM the Execlllive Committee meets at le&sl two times per year to receive operational report& review and agree policies and pmcodllres lld address issues around strdtegic platmiDg and budgeting. They deleg8le the day lo day runningj of Evolution Arts to the General Manager and staff. The Directors sulxrvise and offers direct support to Ihc Generaj Manager staff. The General Manager is responsible for the day to day running of the org8nisatiOn, iDcluding the management of personnel. the buildit)& charitable activities. risk management and fmanc&s. The G¢n¢ral Manager also plays & key role the Governano¢ of the orgaDisation in a strategic planning ¢apacity. Since its inception Evolution Arts has beeo on tbe basis of Buddbist values in both ¢thical alld operational matters. Members (aDd therefore Trnsleeship) of Evolution Arts is restricted IA) members of the Triratna Buddhist Order (Brighton), registered charity nwDber 273682. This helps Evolution Arts mainiain close ¢onllnunication with the Triratna Buddliist Order, thus inforniingi and preserying the organisation's ethical approaclL Rlsk managem¢nt Thq trustees bave a duty to ideDtify and review the ri9ks to whicb the charity is exposed and to ensw¢ appropriate cot)troLs are in plac¢ 10 provide reasonable a55urance agaillst fraud 8nd ern)r. REFERENCE AND ADMINASTRATIVE DETAIIS Reglstered Company llumber 07029960 (England and Wales) Regi$tered Charfity number Il33828 Page 5
'EVOLUTION ARTS GIsfERED NUMBER: 07029960 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Registered office 17 Tichbornc Street Brighton East Su55ex BNI IUR Trustees J Linn¢y D Weisz (resigned 25.624) Dr R L Gower A M Stretton (appointed 17.1224) Jndependent Examlner CbTiStopher Roben Tyler FCA DChA FCIE FI CRT Limired Flat 24 Wellingtonia Court Laille Close Brighton East Sussex BNI 6TD Working name Evolution Arts and Natural Health Centre Bankers Co-operative Bank Ltd Delf House Southway WN8 6WT STATEMEF4T OF TRUSTEFS, RESPONSTBILITIES The trustees (who ar¢ also the directors of Evolution Arts for the pUrS ol company law) Are rpsPDnsible for preparinLy th¢ Report of the Truste&5 and the financial statements in accordance with applicable law and United Kingdom AccountiDg Standards (United Kingdom Generally Accepted Acroun(ing Practic¢). Company law requires th¢ tnISt¢ to prepate financial statements for each finaDcial year which give a true and fair view of the stat¢ of affairs of the choritable company and of the incoming Tesources and application of resources. iDcluding th¢ income and expenditu, of the choriiable ¢Oll]pany for that period ID pr¢pariDg those financia] 8t&temonts, the tt¢¢3 are r¢quircd to select $uilabl¢ accouoting policies 8nd then apply tbem wnsistenlly: obstrve tbe methods and priDciples ID the Charity SORP. make judgemenls and eslimates that are reasonable and prud¢nt prepare the fuw¢ial alementS on the going ncern b&sis uDle&s it is iDappropriate to pre$ull that the ¢haritable company will continue in busioess. Th.e trustees are responsible for keeping proper accoLmting xEcords l¢b disclose with reasonable a¢curacy at any time the fUne11 position of the cbaritable company and to enable them to ensure that the fmancial statements comply wRth the Companies A¢t 2(K16. They are also responsible for safeguardTng the assels of the chwitable eJ)mpany and hence for taking reasonable steps for the prevention det¢ction of fraud wid other iffegulariiies. and $id on its behalf by: AppT4)ved by order of the board of trustees on ..... JLin y- Trustee Page 6
ILYDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EVOLUTIOiN ARTS Independent examinevs report to the trnstees of Evolution Arts ('the Compxny) I report lo the cbarity lrnstKs on my examination of the accounts of the Compw for the year ended 31 December 2024. Responsibilities aDd basi8 of report As the cbarity's In]stees of the Compaoy (and akn its directors for the of cornp law) you are responsible for ' the preparalion ofthe accounts in accordance with the reqllirts of the Comp8nies Act 2006 Cthe 2006 Act,). Having salisfied myse]f that the accouots of the Compony ar¢ not rn]uired to k wdited uad¢r Part 16 of the 2006 Aot and ar¢ eligible for independent exam1oau0 I TeEKfft in resp¢ct of my examinalion of your charitys awounts as carried out under Seclion 145 of the Clwtties Act 2011 (Mhe 2011 ACV). Jn carryifjg oth Dry ¢xaminatioD I have foltowed the DiTections given by Ihe Charity Commissioo under Se¢tion 145(5) (b) of th¢ 2011 Art. Independent examiner'$ statement I have completed my examinaliotL K ¢onfirnJ that no rnallers bave corne lo my attenrioo in ¢onllection with the examination giving me cause io believe: accounting r¢¢ords were not kq)t in respect of the Company as required by Seclion 386 of the 2006 Act. or th¢ accouDts do not accord wiib those records; or the accowits do not comply with the accounting requirements of SeclioD 396 of the 2(Ki6 Act other than any requirement thai the accounts give a ttue and fair view wbich is not a matter considered as part of an independent exatninatioo. or the ac¢ounLS bave not been prepar1 ill accordance with the meth(44s and principles of the Statetnent OF Recotnmended Practi¢e for accounting and reporting by cbarities lappiicable to charities pr¢pariDg? their. accounts accordance with the Financial Reporting Standard applicabl¢ in the UK and Republi¢ of Ireland (FRS 102)). I have no CODcern$ and bave come acro&s no other lltter$ in connection with the examiDation to wbich attention Should be drawn in this rew)rt in order to enable a proper ullderstanding of the accounts to be reached. Christopher Robert Tyler FCA [A FCIE FI CRT Limited Flat 24 Wel]iDgtooia Court Laine Clos¢ Brighton East Sussex BNI 61D Page 7
EVOLUTIOPI ARTS STA TEMENT OF FINANCtAL AcfiviTIES FOR THE YEAR EIYDED 31 DECEMBER 21124 2024 Total funds 2023 Total Notes NCOME AND ENDOWMENTS FROM Donations and legacies 39 39 33 Ch8ritable activltles Arts Education 63246 63,246 54,400 TnvestmeDt irjoon 262 262 215 Total 63,547 63,547 54,648 EXPENDITURE ON Raising funds 1.614 1,6l4 2,126 Charltxble o¢¢lvltAes Arts Education Support Costs 35,494 26.101 35,494 26,)01 37,473 24,469 Total 63209 63,209 64,068 NET INCOmE1XPEND1TuRE) 338 338 (9,420) RECOIYCILIATION OF FUNDS Total funds brougbt f0Th¥d 24.760 24.760 34,180 TOT AL FUNDS CARRIED FORWARD 25,098 25,098 24,760 Th¢ tM)tes fortll part of these fillaDcial ststemej
EVOLUTION ARTS EGISfERED NtJMBER." 07029960 BALANCE SHEET 31 DECEMBER 2024 2024 Total 2023 Total fmds fund Notes FIXED ASSETS Intangible assets Ta<y1b]e assets l4 l5 1,155 1.155 1.540 1.156 1,156 1,541 CURRENT ASSETS Cash at bank and in hand 34,828 34,828 35,648 CREDoRs Amounts falling due within one year 16 (10,886) (10,886) (12,429) NET CURRENT ASSETS 23.942 23,942 23,219 TOT AL ASSETS Cl]RREr LIABtLITIES 25.098 25,098 24,760 LYET ASSETS 25,098 25,098 24,760 FUNDS UnTestrictcd funds l7 25,098 24.760 TOTAL IPUNDS 25.098 24,760 The charitable company is Clt1Cd to exemptioo from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The membern bav¢ not required the company to obtsin an audit of its financial statents for the yegT end¢d 31 DerembeT 2024 in accordance with stic 476 of the Companies Act 2(Ki6. The trust¢es acknowledge their responsibilities for (a) ensuring that the charit8ble company ke¢tXs accounting TecoTd5 that CODwly with S¢¢tion5 386 and 387 ot. the Companies Act 2006 and preparing finaDcial stafemetts which give a true and fair view of the slate of affairs of the charitable company as at the eDd of eacb financial year and of its surplus or deficit for eacb financial year in a¢cordan¢e with th¢ requirements of Sections 394 and 395 aDd Hthich Otherwi compty with ihe requir¢ments of the Companies Aot 2006 relating to financial Statem1& so far as applicable to the charilable company. These finati¢iaJ statements have been prepared in accordam¢e with the provisions applicable to charitable Companies subject to Ihe small companies regim¢. The financial statements were apwoved by the Boalll of Trustees and authorised ftjr issue V3L¢e*.thafA4..2fj...Ufj........ and were Sied on its bebalf by: (b) on J Linney - Trnstce The notes form part of these fu)ancial statem Page 9
' [1 VOLUTtON ARTS NOTES TO THE FIIYANCIAL STATEMENTS FOR THE YEI AR EIYDED 31 DECEIVIBER 2024 AccouNfiNG POLICJES Basis of preparing the finxlleial statements The finaDcial slatemellts of the charitable comp8ny, syhich is a public benefft entity under FKSI02, have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Staten]enÉ of Recommended Practice applicable to charities prepariE]g their accounts with the Fitwicial Reporting Standard applicable in the UK aod Republic of ITcland (FRS102) (effective l JaDuary 2019),. Financtat Reporting Standard FRS102 The Financial Reporting Stsndard applicabl¢ in the UK and Republic of Ireland, and the CompaDies Act 2006. The financial 5tat¢ments hav¢ been prepared UDd¢r th¢ historical cost conventlOD. The accouDts are pyepared in Sterli which is Ibe fLMCti0] curreDry of the charity. Molletary ainounts in these financia] 5tst¢rnenls rounded to th¢ nearest £. The trusteesldirectors consider that tIe are no material uncerlainties about the compan5 ability to continue a5 a 8oilluF concern. Ineome Grants Grants ar¢ recogDised IM an aOIS basis, accounted for in Telation lo the period that tbey relate. Wher¢ grants have been received for capilal items, the total grant ha$ been disclosed in the SOFA and depreciation, in accordan¢e witb ihe accounting p)licies, has been charged against thar income over the estimated useful e¢onomic life of tbe asset. Wbere grani8 are re¢¢ived during the year under review but relale to a later period the athowit is deferred under Grants in Advance in the Balance SheeL Other Income All other incoming resources are included in the Statement of Financial Activities wheD the charity 19 legally entitled to the income and the amount can be qualltified with reasonoble accuracy. Expenditure Resources expended 8re rccognised ill the pcriod in which they are incurre(L Resou03 expDnded include attributable VAT which cannot be recovernl. Resources expended are allocated to the charitable activity wbere the cost re18tes directly to that activity. However. the cost of overall d1CtiOn and administration of the charity, comprising the salary and overhe&d costs of the central fuDCtion. is apportioned belween ch8ritable activities and costs of generating funds. GraDts offered subject to couditions l¢b have not been met at the year end dat¢ are Doted as a ¢ommitm¢nt but not accru¢d as expcDditur¢. Tanglble fixed a&*1$ Depreciation 1$ provided at rat¢3 Ca1lad to MTits off the wst of ea¢h assets over its expected useful life as follow$: - Furniture, Fittings and Equipment 3 yeats - Computer Equipment 3 years -intangible Assets 5 years Tbe company does not presently have a minin]um Vah for capiialisation of fixed assets. Taxalion The ¢hariry is considered to pass the tests get out in Parawb I S¢heduk 6 Finaoce Act 2010 and therefore it meth$ the d¢fiftition of a cbaritable company for UK CoTporalfton Tax puwses. Accordingly the charity IS pthentialty exempt from taxation in respect of and ¢apitsl gains within categories covered by Cbapt¢r 3 Part 11 Corporation Tax Act 2010 or Section 256 of Chargeable Gain$ Acl 1992 to the extent that su¢h income and gains are applied ex¢htsively to charitable purposes Fund a¢eollnlfing Unrestricted fimds can Ix used itt a¢¢ordance wÉth the charitsble objectives atthe discretion of the trnste¢9. Page 10 continued...
EVOLUTION ARTS NOTES TO THE FJNANCtAL STATEKENIS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOIJNllNG POLICIES- conÉinued Fund aecouDling Restricted funds ran only IK used for particular restricted purposes within the objects of the charity. Restrictions aTise when ycified by the dO[r or funds are raised for Pthicth strICted purpos¢s. Furth¢r ¢xplanati{ ofthe natur¢ and purpose of each fund is included in th¢ notes to the financial statements. DONATIONS AND LEGACiES 2024 2023 DoDations 39 33 INvESTT INCOME 2024 2023 tkposit a¢¢owit iDterest 262 215 INCOME FROM CHARITABLE ACTIvrriES 2024 2023 Activty Arts Education Arts Ethjcation In¢ome from courses Miscellaneous iDcome 63,246 54,006 394 63,246 54.400 RAIS]IYG IVUNDS Ralslng donallons gnd le¢ée8 2024 2023 Adv¢rtisin8 1.614 2,126 CHAIUTABLE AcfIviTIFS cosrs Dire Costs (see nots 7) Support osts (see note 9) Totals Arts Edu¢ation Support Costs 35,494 24,595 35,494 26,101 1,506 60,089 1,506 61,595 Pagell ontitlued...
EVOLUTTON ARTS IYOTES TO THE FINANCIAL sfATEMEiYfs . continued FOR THE YEAR EI¥DED 31 DECEhfBER 2(124 DIRKCT COSTS OF CHARITABLE AcfivTfIES 2024 2023 Tutors fees Course ma17a]S Bank aDd online charges Staff costs Finance and admirithtion Property ¢osts ortisation 29.966 25,254 343 1.502 23.4S7 2.956 4,033 385 264 24.595 2.245 2,610 385 60,089 57,960 GRANTS PAYABLE 2024 2023 Arts Education 3,000 The tthaj grnnts paAd to institutions during the year was &8 follows: 2024 2023 Brighion Buddhist Centre 3,000 SUPPORT COSTS Governance C08ts Support Costs 1,506 Support costs, included ID th¢ abov< arc follows: 2024 Support Costs 2023 Total activities Independ¢nt examination Statut(ry retUTns Bookkeeping 648 286 572 630 58 294 1,506 982 Page 12 continued...
EVOLirrIoN ARTS NOTES TO THE FIIYANCL4L STATEMEKfs - contillued FOR THE YEAR ENDED 31 DECEMBER 2024 io. ET INCOMFJIEXPEIYDITURE) Net incomel(expenditure) is stated after chargingl(credittDg): 2024 2023 W¢bsil¢ amortisation 385 385 ii. TRUSTEES, REMUNERATtON AND BENEFrrs There ivere DQ trnstees, remunertion or other bellefits for the year ended 31 Dellr 2024 nor for the year ended 31 Dtcember 2023. Truslees, txpenses There were no trnstees, expeTtses paid for the year ended 31 Dther 2024 nor for the year ended 31 D¢¢enJber 2023. 12. STAFF COSTS Siaff costs during the year were &8 follows: 2024 2023 Saltiries Social Seclty ¢osts 24,331 23,474 AveTage monthty headlo tor the year The charity ¢ODsidets its key managenllt per50rn1cI to be the trnsteesldirrS wbo lVed no benefits. 13. ColPARATIvEs FOR THE STATEMENf OF FINANCJAL AcfiviTtES UDTestricted IiiDd Restricted fimds Totul fi]nds INCOME AND ENDOWMENTS FROM Donations and legacies 33 33 Charitabk activltles Arts EducatioD 54.400 54,400 Investment income 215 215 Total 54,648 54,648 EXPENDITURE ON Roislng fill*ls 2.126 2,126 Charfilabk a¢tfvltles Arts Education Support Costs 37,473 24,469 37,473 24,469 Total 64,068 64,068 P4ET INCOMFJ(EXPENDrruRE) (9.420) (9,420) Pdge 13 continued...
I VOLufioN ARTS OTES TO THE FINANCIAL SFATEfvIENT6 . continued FOR THE YEAR ENDED 31 DECEMBER 2(124 13. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACflVITIES- rontinlled UnrestrA¢ted Restricted fimd Total funds RECONCILIATION OF FUNDS Total funds brought forward i4.180 34,180 TOTAL FUNDS CARRIED FORWARD 24,760 24,760 14. t4TANGIBLE FIXED SETs Intsngibk asse Website Totals COST At l January 2024 and 31 De¢¢mber 2024 10.401 1,925 12,326 AMORTISATION At l January 2024 Charge for y¢ar 10,401 385 385 10,786 385 At 31 December 2024 10.401 770 NET BOOK VALUE At 31 December 2024 ,155 1,155 At 31 December 2023 1,540 1,540 J5. TANGtBLE FIXED ASSETS rittings and equipment Con]puter equipment Totals COST At l January 2024 and 31 De¢ember 2024 49.360 8,760 58,120 DEPRECIATION At l January 2024 and 31 December 2024 49,360 8.759 58,119 NET JIOOK VALUE At 3 l Dec¢mber 2024 At 31 Decen)b¢r 2023 Page 14 continued...
EVOLirrroN ARTS NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YFAR ENDED 31 DECEMBER 2024 16. CREDITORS: AMOUNTS FALLING DUE WITHtN ONE YEAR 2024 2023 Social security and other t&Kes Accruals and deferred income 126 10.760 301 12,128 10,SS6 12,429 MOVEMEIYT II¥ FUNDS Net movement in d8 At 31.12.24 At 1.124 UDrestri¢led funds General fimd 24.760 338 25,098 TOTAL FUNDS 24,760 338 25,098 Net njovement in funds, inchmled in the above are as follows: IncomiDg Tesources Resources expended Movement fid& iTnrestricted funds General fimd 63,547 (63,209) 338 TOTAL FUNDS 63.547 (63,209) 338 Compar8tlves Tor movement In fuods Net rnovement ID funds At 31,12.23 At 1.123 UDreslri¢ted funds General fund 34,180 (9,420) 24,760 TOTAL FUNDS 34,180 (9,420) 24,760 CoJTAParntive nel movement in fiuth included in the above are as follows: IDcornin8 Resources expended Movement in fid3 Unrestrkled futhds General fimd 54.648 (64,068) (9,420) TOTAL FUNDS 54,648 (64,068) (9,420) Pe 15 continued...
° EVOLUTION ARTS NOTES TO THE FINANCIAL STATEMEKfs - colltinued FOR THE YEAR END 31 DECEMBER 2024 18. RELATED PARTY DISCIA)SURES There were no related pwty transactions for the year ended 31 December 2024. 19. SHARE CAPAL Evolution Arts is a ¢ompaay titnited by guarantee alld aOrdinglY does not ha a share capital regist¢red ill E5Jgland and Wales. The charilabje companys registered number and rewtered office addre55 can be found thp legaj and administrative infornLgtion page. Every mernbey undertakes to ltribute such amounts as may be Tequired not exceeding £1 to the assets of the company in the even( of it being wound up while he or she is a member, or within ¢)ne year after he or she ceases to be a member. Pagc 16