Charity reglstratlon number 1140525 (England and Walès) C¢)mpany reglstratlon number 07371445 ARTS AT THE OLD FIRE STATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
ARTS AT THE OLD FIRE STATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees C Boon (Chair} K ColnS D O'Hara L Herman H Smth ITreasurerl Chlof ?xecut5vo offlc•r C V8wJh8n R K VallSns Charlty nUMr 1140525 Company numb¢r 07371445 40 G8ryge SITeet Oxford OX1 ZIQ Ilthardsons 30 Upper H•3h Street Thame Oxfortshire OX9 3EZ
ARTS AT THE OLD FIRE STATION CONTENTS Pago Statement oftrust* re8pons1tire8 Indendent auditoffs report 10- 11 12 Balan¢• sheet 13 Notes to the flnancw st8t¢rnents 15-23
ARTS AT THE OLD FIRE STATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024. Thè Trustees, are also dlrectors of the tharity for the purptss8s of ttle Cornpanies Act 20C6. present thalr roportyrith the financial statements for the year ended 30 September 2024. Thè 8ttx)unls have been prepared In a¢xord8n¢ with the aCcjntlng pclioas set out in note 1 to thè S(OUnts and compty with the Charitable companvs Mèmorandum and Artides of Assouation. Ihe Companies Act 2006 and 'Accounts"rMJ and Reporting by Charibes.. St&erent of Reo)mmended Prneb(x applixble to tharitses preparing their accounts in ac(x)rdancé with the FIn8n0 Reporting Standard aPpcabI& in the UK and Republi¢ ol Ireknd IFRS 1021. {a$ amended for ao))unting nad8 comrnencing frcffi 1 JanLtary 2016). Objectives and actlvltles The Objecis of the Charrty are, for the putlic benefi( to 1VanCe education in tha arts In Oxford by the provlsion and ManageAt ofan arts faality called the Old Firtt stst. Our mkssion is dosety afkJned to Art% Council EtYJland's L•V$ Create Stratwi. Oxlord Cty CourKiI's ThriwNJ Communibes Strat8gy and th8 stratsgigs of the naticfflal Fouryjations that SUPFX)rt us. Thg Okl Fire Station Is a eentr for creatiwty in Oxford houslng ts¥o organi8atJn8: the homelessn charity Crisis and Arts * the Old Fire Station IAOFSI. We share our buihjing. AOFS encourages pèople frorn all baundS to uThJgrstsnd and shap8 In whir we fwe thragh stories. creativTty and the arts. and by connecting wth othets. ART IS FOR EVERYONE. EVERYONE HAS POTENTLAL. What w• do Produce and prns•nt aero# art forn We want our reputation to be quality arL in person and onfine. whith ¥$ aimed at adults, takes a asks qUestiLS and entertains. We want OLbr Jdioncg5 to have fun and b8 open to new idgas and dTrTerent peoplè. Help pPIE to bè er•ative We wanl people to be able to wrfts. slng, draw. dewise. design, porfom, move, make, imagin8. play and ueate: indiwdualty or wth others and to 8 high standard. CreaJvSty indudes artistic practice but also 8xtends lo lechnokjgy and 8cience and imaginalNe thinking. We want peop to t•ll their own stories using the medium that worts bost forth&m. Support artlsts We want aarly to rrid-career artists from all thsdpllnès to have aesS to the ajvlce. netsrkS and promooon they need to develop t1r prddii% as ceatNes and as facllitators of other people's creativty. In¢lude people fadng tough tlm•s taUse of dlsadvan• We share our building wth the homelosgness tharity, Crisis. Through thls partnership, we offer people who are FK)meles5 $pace to define Ihemselves aryj djoose their own labeL8 by inclLwJing them in running of the cèntre. We saek to irtdude others who are soaally isolated and disadvantaged. We do not f(xus on kJmelessTr8ss. We foujs on what pwpte who falx disadvantage can offar. Work with communltE•s across Oxford Wrfh CriEis, we offer a public spac6 whith is Shared by very darent pgopl8 ond helps to break down barrigfS and promot& 801idarity in Oxfd. W8 al80 worf( through partnerships tWd our tIlding with differènt 0)mMune$ around Oxford.
ARTS AT THE OLD FIRE STATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 What rlnev Tn Unlearn Discrirnination This means workirw with others to educattr OLSrsetve$ about rasrn and othw fomis of dis¢riminalion In cuUral organi8alK)n8 lespeod wards to disabilty and c4assl. take practical steps tts become more representative ofdiverse ¢ommunrtse5, . use our creativty to èxplore diverne cuknre and challeng8 ignorydnc9 or alwse. B• human friendty Thls mèans workng with others to educata our58fves about heajthy organisational culture and deosion maknng take practal steps to develop honest supporfvè rÈlation8hips wthin Jr t•am. wilh our volunteers. our pathars and fvndeTr and wtth the public use our creatiwty to promote SeiCe$ founded on gc¥)d walty relatiorthips and arnIt¥J. It al>) means havlng fijn! Experiment and Usten To make gre81 art and to achl8v8 changè we have Io gxperiment and play. This means taking risks. being prepared tr) fail and being able to adapt and respond. It al80 means listening carefully tg those with whorn w8 wcffk. rellectlng daepiy on whatwe do and how we ¢$) li and measuring impact primarity through sttrytelling. Face the Cllmate Emèrgèncy This rneans working wfth others to . gducats oursefves about the èmergency, takè Practral st8PS to redu (arbon emlssions. use our creatfvity to help our mUnIty fa the d)allerKJes ¥h¢ad. Bulld financial reslllence This mè8n5 8nsuring that we a here the long twm by dwersifying income stream$. securing Core aThJ project fundin9. developing the trSIness. minlnising expendlturé whibt delivering our missK)n and maintsining appropriate levels of resew. It akn means ensuring that those we work with are prcyerty pald to help them beo)me financial reSlenL How do we do Iri We do all this by fru$51ng on.. good qualty relationshlps Ilstèning and leaming encouraging creativity and risk-taking offeriThJ a public Spa vthÉch is wekoming lo all • worknng o)Ilaboradvaty onlin9. outslde and elsewhere. is needed? Oxft)rd is globalty renowned for sbjnnlng herttag& and outstandg r&search. Oxford is also a of disadvantage and inequality. Oxford needs the Old Fir8 Station baL$Se it is about openness. indusion. looking foThYard ond dtfferontthinktng. The Okl Fire Station acis as a brtdge befv sectors. organisatH)ns and paopl8.
ARTS AT THE OLD FIRE STATION TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Our CO ActTvrhes A perfornilng arts programme of theatr< muslc. dance, s[ren word and o)mety presont8(I mainty in the Theatr& bjt also in other spaces within and wrfhout Ihè building and online. Events are prcxJrammgd on a hire basb or on varwng aJre8m8nts around fees. gLtarantees and box office splib. Work ranges from some of the best UK professional smalkcala touring. to local $emProfesSial and amat8ur work. We also Produce work and prtrsent regular Scratch nights and nèiworknng opportunitses for arbsts. Most wnts have an assoaated bar. A visual arts programme Presented mainty in our Galleries but also in othèr spa(ss Isuth as the Café. onlinè and outsid9}. Exhibitions usualty run for six weeks and have an associated series of workshops for the public. The work ranges from earfy career to &stablish$d artists. and indudes work by professlon815, Students and peopb facln9 tough lfimes. Some attract hire inc¥)me orgvdnts. Some exhibitrjns indude work for 5alg. Selfroduc•d work. usualty supwirted by project fijnding, indudes ative PTojects with pp who are knrvJ tough tirnes {e.g. HId Spi. ICON) and new work le.g. Chrfstrnas show$). A p9MMe of crnatlve workshops for all. A rÈngg of IxskKJke offers to support artlsts wrth thwr creative, techn1. markatin9. fuN1rd1Th3, netsvorklr¥J and businw dwfjlopmont need& Spa$ for hlre raroing from regular weekty dance das6es to perfonnances. wukshops. training. events. m8etrngs, rx)nferences and partses. Aeafé Samng f1 by t)amaSCS Ros8 lfjtchan In tho daytimo and bar serviro audien in thè èvoning. Major events Such as Mamial8d8 Festival la sodal Sustlce fesfval In path$rship with Ihe Skoll Worfd Forum) and OniEat la performin9 arts fesbval in partnership with Oxford Playhouse and Tha Nèw Theatre). Fxilitation. consultancy. traIIng and t•chni¢al Servi are offer&J on a paid for bo$i$ or part of partnershSp 8rr8nggm&nts. Onw1 work with crIS to enable ppIt who are homeless to partSclpat• Snduding: Fratr ticets to see shows. A training scheme to gain transferabk $ktll$ In #r such as wslomer seNtce. tethnk*l suptM)rt, adminkthtson, marketing, fvndfaising. financa. èvant organisalK)n, visual arts oJratitsN 8rMI stage managemenL VolunteerirrfJ opwjrtunibes (mainly as Front of Hous• Ushe}. . Creaiive oppon&S to Work to a high standard ID present in our theatre. gallery or elsewhere in the building . Invofvement in organisational dedslms induding pr0ming. recruitmenL a(fvocacy and wvemance. Storytelling projects vlhich gather the stories of swJnrfK%nt dnge of those cfosest to th• worK ¥rKI leam and evuate Smpad frn the parliiypatory. cdlective Interpr8tatton of thow storytellers. Facilitatson of and cx)ntiibution to r88earth. advocacy and colLOralI0n about systems chang• and placemaklng through the Oxford Mamalad8 Group and olher thal and national partnars.
ARTS AT THE OLD FIRE STATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Achlavomènts and porftymance
In a year of considerable ehange which induded wgk))miNJ a now (a)18f &xecgJlNe Officer to Ihe team. are
Fleased to have been able to support more artssts Ihrough comrThssions and seed fvnding, increase the reach
d irnpact of our storytelling evaluation and Improve our finandal dIence throuoh the growth of our
commorual inry)me.
HwJhllghts in¢lud9
. ReceIn9 a record btsaknng 347 8pplic2tion$ for what b&2me Ihe largest Mammlade Festival yaL
88 sessions acnjss 12 venues over fLwr ¢J8ys.
DelNering an ambitious Offfoeat perfomiing arts fèstival in partn8rship with Oxford Playhouse and Th&
New Theatre that featsjred nearfy 40 events. gave seed fundlng lo nine 8rb8ts. Offe PrOfeOnal
devekjpmenl workshops aThJ created new partnerships vrith cxsmmunlty organlsa1kJns, induding KEEN
Ctsford, a youth4ed OTganisath)n developing inclusive projects in Oxftsr
ARTS AT THE OLD FIRE STATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Looklng f0Thr In the coming year. we are workiThJ on the developm8nt of a new strategy for long-term systemic Impad. responding to changing trend$ in homelessness. arts. sctkl Impart philanthropy and Oxford. devebped vAth partners mmunia$ hav8 d89p relationships wfth and those not raprWnt before. Ak)ngsKle thaL we have the following prioriUg&' . Work wth our partners to develop the strudurè and fows of the Oxford Mamialade Group. a sy8ttrm8 ch8ng8 coalthon, in ways that are led by people with Itved experignces ofthe issues we seok to tac¢. Invèst in thg buildin9 to improve environm1 sustalnablllty 8tMI dUce risk of malfvJn(aion. specifiealty through th& Insta1kti of n8w LED lighting. Continue to 8xpk)re ngw ways of partnering wilh Crisis in our building and indu(ling people experiencing hOMesSn in ru[ing the arts ntre. Deepen our relationship with vttritsus p8rlner organisalions lo extend our arts arKI tsining offern to people faung hard times. Explore new models for C(CreatiOn and powar sharing wthin the Hblden Spire Collectivg and through the ways we programme. Inv8st in building and sustaining a heathy onJanisati¢)rt81 Curg that enables suppjrt. r8s( loy and meanlngful work. sent an &tisltealty èx(iting 8rKI soryaliy lhohJI Christmas show (Bofore the Millenium by Karim Khan in 2025). Deliver an impactful Mamade Festival with f8werevents and h¢gher attendan per evenL D8velop Ofibeal as an artist fwjsed festival that supp¥ts k)cal artists and the long-tomi dav8lopm•nt of ngw higlwuality theatre. Continue to d&lOp. impt8ment and mmitor OUT actions towards becming an anra(¥st cnIsaOn. Grow the scope, Influen and reath of our storytelling aTKi systems change wot1(. . Grow our mMeral incomè. particukrty in twms of private lures and the cafe. Financial review In accordance th the charws Memorandum and of As8(hxon, all surpluses Af8 applied $018ty towards th8 promotion of acbvitses of the charity. We havè mèt our bu(%3et wth a small surplus of £314. Thls Is an ax(xllgnt resum, parbrajlarty In Ilght of a fijndrdslng shortf811 of £69.230 against ambitious tsrgets. Despite Ihis. our tumover irKTra8ed by nearly 15%. frorn £1,189,836 In 2023 to 1.363.071 irh 2024 and a small surplus in year of £314 whith results in a balan on unrestricted fvnds at the end of the year of £293,282. A ssgnTficant factor in this was excellent results in all mmercial areas- It L% worth notlng that 33% of our income this year was o)mmeroal, an incrèas• from 28.6% the prewous year. Private hires shines in paitcutar. wth an increased in(Yme of neatty £30k. Mamialade Festival so (x)ntribuled by exceeding its donations target While it Was 8 th811enging year for fundraising. we incre8$#d our indiwdual donations target for the first time wth £37k morè than wè brought in last year, and received som8 unbudgeted grants Indudbng tho Lbnbury Tru8t, enabled us to Instsll system8 that will reduce ujr ulNIeS From an expenditurg point crf vlaw. mJa savlngs in laiig8 due to a rekbvoty high staff tumov8r this year, whi¢* wg don't prgjicl wll be replicated in the upcoming y8ar. Dest¥te this, our overam staff costs inctsas8d by about 11% frorn 2023 to 2024. Due to Glacier. commlsslons for Mamwlade, and a bigger Offbeat we spent consrdardbly more on fred8nrR artssts, which aligns wth cwjr mission to support arlists. Our Increased producing activfty meant w8 wèrè ab to claim rnore tax relief than the prew¢JJs year. which accounted for 3% of our income. We spent more on stsff trainin9 which is a good investmeTrL and also on (x)nsukants- this refiects the need to hire freelan stcwytelllng facslitAtors 8nd short-term marketing support dve to slaff d)angès. Several major national Foundations have o)nb"nued tr> support the charity induding Lankelly Chase Foundation, National Lottery Community Fund. Rothschikl Foundatitin. Esmée Fairbaim Foundation, Backstage Trust. nbury Trust and P8uI Harntyn FoundalH)n. Oxford City Council has also continued lo support the charity with fijnding 8nd In-kknd (x)ntribution8. Council Engknd (ACE) has support8d the 0beat festival and Skoll Foundation has oncè again inem$8d ts support for the Mamialade Feslval.
ARTS AT THE OLD FIRE STATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2024 R•serves policy Where appropriate, Arts at the Old Fire Station holds $tricted fvnds in accordan wtth funders. requirèments. Free reserves are that part of a charity's unrestricted funds that are frè81y av8i18ble to spend on any of the charty's purposes. The ¢harrtls reserves policy is designed tr) reflect the underlying risks facing the charity and to ensure that tt has an appropriate level of resèrves to safeguard its operations and serS. This includes contingency for shortfalls in income, covering unexpected expenditure and funding known project deficits where Trustees have identtfied a project as key b) charitable objecti. The Trustees have considered the minimum tevel of free reserves that are suffieient to support the charitys 0[ratiOnS. Relevant factors indude projected financial perfomiance including sh flow requirements, the extènt to which multl-y&8r grant payments received relate to subsèquent years, expendituie and an assessment of the risks to thè tharivs income streams. Having eonsidered the competilivè fun&raising environment we are currendy in, as well as the inflationary in¢rea8e in costs and salaries, Trustées have detemiined that the required lgvel oflotalreserves (free and designated) is a minimum of £305,000 lan increase on the previous target of £285,000). Designatèd reserves, which are sèt asid8 for the contingency that emergency building r8pairs beme necessary to enyu18 that the OFS remains operational, with a particular risk area being the roof oftha building, remain at £50,000. At September 2024, Totsl funds lincluding tangible assètsl.. £343,282 Tangible assets.. £61.997 Fre8 r9s9rv8s.' £231,285 Designated reserves.. £50,0) Free and designated reseNes.' £281,285 Target for free and d8signaW.. £305,IX)O Trustees have allowed for 8 sm811 defi¢tt in the LX)ming year due to ongoing pressures from energy costs and other infiationary pressur8s and thgrefore expect reserves to reduce slightly. However, they retain an ambitK)n to reach the target level over the medium temi. The reserves requirementand undedying factors are considered annually, and the minimum resebves requirement is, theréfore, expected to change over time. The Trustées plan to continue to fuS on sEeknng extemal funding for core (xjsts, in particular muhi-yèar awards from significant fundeys. In addition, income from individual donors, artistic produthons and commercial activity will be further developed whilst maintaining tight control over expenditure.
ARTS AT THE OLD FIRE STATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Risk Twstees have gwen nsideratiOn to the major risks to the caTity 18 exposed and satisfied th9TTWlv that Syst or proCedUS are eslabThsh8d in order to manage thc6e risks. No system of Intamal contrDI cari give absolute assurance agalnst material mlsststèment cff103s. However. Arts at the Old Fire Ststion bèlièvé$ that it has appropriate procedures and controls to adequatéty mÉbgale againsl TBks to which rt is exFwJ. System$ indude: plans and budgets which are approved by th8 Trustee r9gular o)nsideration by the Trustees of monthly m8nwJement acrthjnts, Varian from dgets. non- finan81 perfornance indicators and benchmarking r8Vi8WS In dèpth r6wèw of financaal perfOanCe and risk by the Ffjnan 8nd Audit Committee règular rgview of safeguarding policy and practlce • ckjse collatx)ration WTth the landlord head tenant ardIng buikjing maintenance, safety and seojrity idenlification and m8nag•mènt of risk3. The tharivs approach lo risk manayem6nt indud95 the rating of identified risks accordiNJ to thè lik8lih(x)d and Imp8Ct of the risk occurring. Mitsgatlng controls have been Identified and. whwe fvrther action is requlred. deadlinès and respsibilitIeS assigned. Those actiwties with higher risk rdtings are prioribsed. The risk reglstgr k8 rev at least annualty by the Board olTrustees aThJ more frequenuy by Finance 8ThY Audit Committee. New risks have been add•d to th8 rggist8r in the light of rising energy $ts and Ik11ng dsvlopm8nts in proxirnty. Increased risks Inde operational ttjsts such as rent, repairs and maintenance and a t>uilding r8furbk8hgd 12 years ago, as well as tha Incrgasod $t of slaff retention. AJI these continue to be monftor¢d 8n(J mth9ation8 are in FAa¢x. Structurnp govornane• and management ststus Arts at thè Old Flre Ststion is a registered charity (Th). 1140525) and a ¢ompany limTW by guarantee Ino. 73714451 with its eonslitutson- the'memorandum and Articles ofAssoclation'. Tha Trust88s ofArts al the Qld Fire Ststion are responsible for overseeing the rn8nagement and administrat of the dmrity and have ultimate respOlbilIty for the chaws advthes. The Trust are also the Directors of the company. The INstees. who are also the threctors for the purpos& of ecAnp8ny law, and w? seNed during the yearand up to the dats of $13nalure of the financral statements werg.. J AB8n C Boon K Colllns V J R Graham D 0'Ha L H8mwn T D Rossingion H Smith K Valkeinen Regned 27 Sgptembor2024 Rgslgnad 27 Sgptembor 2024 Resigned 27 September 2024 R•*gnad 27 SgPtembgr2024
ARTS AT THE OLD FIRE STATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Dlrectors Arts al the Old Fire Station IAOFS) has a Board ¢)fTrusteos on Ythich there be a minimum of three and a maxirnum of tsyefve TDJstees. They are apF)fnted c4) the basis of Ihe experbse and experience that Ihey can bring to the running and deveknpmenl ofthe company. N&w Trustsas ar Klantifigd through both professional aThJ olhèrconlxcts and by adverlisemenL Each year one third of Trustees tIre by rot8tion {th08e long8St semngl but each is abl6 to putthèM$è$8 fOard for rfrelection rfthey wish.AOFS Is a sub4en8nt of Crisls in Oxford. Most of the rentsl costs are covered by 8 grantfrom Oxford City Cwncil to Crisis, wilh the remaTnder being shared bett¥aen tha ¢hariti$ basgd on floowce usage. Crisis and AOFS Provide semces to each otheron a fijll c4)st recovery basis. vkY Graham stepped down as Chair ofthe Board in March 2024. and caroli Bo, PTevK)usly Vlc&Chatr, w88 appointed as rhew Chair. David Rossington steFved down as Treasurer in SeptembÈr 2024, and 1$ now a c opted member of the Finance and Audii Committee. Heathar Smrth has b8èn appointed as Treasurer. Tho TrustO98 have been ffjCNitsng for membws of Ihe Board. th new oppolntsn&nts expectad to bo mad in March and JLm& 2025. structur• The Board ofTrustees met fourtimes during the year. Day4trday wponsibilty is delegated to paid staff with supwrt from sub committees oflhe Board which indude mèmb8rs. Th959 sub-groups are FInale and Audit Commrftee, Fundraiwng Committee, Equity Equalty DNersity and Indusion Committ88. arKI Creatimty Storytelllng an¢J Comms Committee. Stratsgiclpolicy es1OnS are taken by the Board. The new Chief ExeC9Jte Offir is Clara Vaughan, and the Deputy CEO is Rebec£a ValnS. Jeremy Spafford has moved to an Assoaate Director rda. Tha Sanior Manag8ment T8arn wnsists of fwr Heals of Department alongsiyg the ats)ve mentioned. Audltor In a(wdan( wrfh thg ¢ompanYs arbdes, a resobjtbjn prcyos¢ng that Rtchardsons reappolnt81188 audltor of the company will b• put at a G4r#I Meeling. Tha Irustg•5' rep)rtwas apped bythe Boafd of Trustges. H Smith reasUrer) Trustao Daled. ...l.S....lNI 2dlS
ARTS AT THE OLD FIRE STATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees. who are also the dlrectoys t)f Arts at the Old Fire stson the purpose of iompany law. are responsible for preparing the Trustees, Rèport and the financial statements In accordan wfth applible law and Un61ed lfjngdom ACcting Standths (United lfjngdom GeneraltyAcceptsd AcLxyJnting Practice Company law requifvs th¢ tN8tees to prepare financial stAtwnents for each financial yearwhich give a Iwe and falr view of the state of affairs of the charitae o)mpany and of the in(x)ming resourcEs and applicati of resources. Inclding the income 8xpwditure, of the charitabk company forthat year. In Prring thes8 fina1 statgmw)ts, the Iwstses are requThd to: - sew suitable acsjunting poltaes and th8n apptylhem o)nsistenty. - obsetve lh8 methods and principses In th¢ Charities SORP.. - makejudg8ments and estimates that are r8asonable and prudent: - stats wh6th8r applicab UK Accounting Standarrts have teen followed, subiael to any material deparbJr8s disdosed and 8xpf8Ird in the finanaal ststem&nts,' and - prepare the ffinanck41 statements on the gclng 0)nM basi$ unless rt is inapproprAta to presurne that tho aiitable company wlll cy)nb"nu8 in operation. Iwstees are responslbk for keeping adequate aoo)untlng re(xJrds t11 disdose vAth reasonèble acrwracy al Any time the financial p0SOn of th8 charitable crynpany and enabte them to ensure that the flnanclal stemgnts mply yth the Cornpanies Act 2006. They 8re 8150 responsible for safe9uardlng th8 assets of the charitab (xjmpany and hèncè for taknrvJ reasonable steps ftthg prtrvgntion and detection offraud arKI Olher IuLaritieS.
ARTS AT THE OLD FIRE STATION INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF ARTS AT THE OLD FIRE STATION Opinion We hava audslod tho fill(?1 statemgnts of Ajts al tho Okl Fire Ststion (the 'thaTitable compan) for the year ended 30 Sèptémber 2024 %thid) prIS tha statèmant of fin8nekql 8ebvits. Ihe balance sheeL the statement of cash ftows and tv)tes lo the finandal stataments. Induding Signcat accountlng policiès. Tha finanaal rèwjrting framework that has been applied in their preparation is applicab law and United Kingdom Accounting Stsndards. indu¢knng Financkil Reporting Stan¢Jard 102 The Finanal Repong Standard applicable in th& UK and Republic of Irel8nd (United Kingdom GenerallYACPted Accounting Practicel. In ouropinion, Ihe finanrAal statements.. give a true and fair wew of the state of the charitable company's affairs as at 30 S8Ptomber 2024 and of hs innThng resources and appIatron of resources. forthe yearthen ended., have been property prepared in accordanrA vnth UnTted lfjr@d(xn Gengralty A• Ac4untIng Practice., and have been prepar&J in aOrdanCe with the requirements ofthe CompaniesAc 2006. Bas1$ for opinion We conducted our audit In aordanCe wilh Intemational Standards on Auditing {UK) IISAS (UKII 8kWlcab Lv. OUT responsibilibes under those standards are fijrther descdljed In the Auditorfs sponSIbl1R1eS forth8 audlt of th8 fInar1 st8tements secon ofour reFth. We are independent ofthe tharitsb company in accordan the athi(xl r8quir&merhts that are rebvant to our audit of thè fin8n(ial statamgnts in the UK including the FRC'S Elhi¢21 Stsndard. and we have fuffild our other ethical responsibilibes in ac(x)rdance wth these requirements. We believe that the audlt edence we have obtalned Is suffldent and approprfate to provkle a basls for ouropinion. Conclusions relating to golng concern In audthng Ihe finanaal statements, we have concluded that the trustees, use of the golng ¢onwn basi$ of counttng in the preparation of the financial statements Is appropriate. Bas8d on the work we have performed, we have not id8ntifjed any material uncertalnUes relating to events or ojnditions thaL indiwdually or collectivety, may ca%t Significant doubt on the charitable companls abilty to continue as a gdng wnc8m for a perfod of at lèast tsvofvè months from vthen th8 finandal ststèmènts 8r& 8uthfiwl for issue. Our respjnsibilbties and Ihe responsibilrbes of the IMtees resped to going nCern are deSCbed in the relewdnt 8ections of this report. Other information The other infomiation comprises the infomiation induded in Ihe annual report other than th• Ilnanaal ststam&nts and our auditorfs report thereon. The trustees are responsible for fhe other infomiation contained wthin the annual report. Our opinion on the finanryal statements does nol cover Ihe other information and we do not express any fomi of assuran¢e ¢ondusion thereon. Our rèsponsibtlty is to ts8d the other infomation 8nd. in doing 30. con8Nler whèthar the Other information is rn3tgrial in¢x)nsist8nt with the finan(ial st*9rn9nts or our knOedge obtained in the ¢Jr$8 of th8 audit. or 0th8rwrs8 aparS to be materialty misstated. Ifwe identify such material inconsi5t8nc or apForent material mlsstatements, we are required to determine whether this gwes rlse to a materfal mlsstatement in the financial siatements theMSee$. If. based on the work we have perfonned. we concbjde that thern Is rnatwial misstatement of this other infomiation, we are rwuired to report Ihatfact. W8 haye nothing to report in thi8 regard. Matters on which w• arè rnquir•d to Y•port by exception We have nclhing to report in respect of the folknmng rnatters in relation to whith the Charibe8 (Accryjnts and Reports} Regulation8 2008 requires us to report to you if, in our opini¢)n: the inforniaton gNen in the financial statements is incortsistsnt in any material Tespect with the trustees, report., or suffi¢iont accounting rep)rds hm not begn ktrpt.. or Ihe financial statements are not in agreement with the acwunting r0cords', or we have not reIved all the informati¢)n and explanation$ we requir9 for our audiL 10-
ARTS AT THE OLD FIRE STATION INDEPENDENT AUDrroR'S REPORT (CONTINUED) TO THE TRUSTEES OF ARTS AT THE OLD FIRE STATION R•sponslbinue8 of trustees As explained more fvlly In the statement of trustees, 1esrxjnbllllJe8. the trustees. who we s0 the rfirectors of tha Charitab company for th8 Purpose of cx)mpany Law, ara r8sponsible for the prepBraticw) of the finanThal statemenls gnd for being satisfied that they gNe a tNe and fair view, and for sueh intemal ntrol as th$ Iru5tees delemiine ks nec0$5ary to enable the preparatl¢)n of finaniaal statements that are fr88 from material misstatemenL whelher due to fraud or In preparing the finanLaal statements, the trustees are rèswll5ibb for assessing thè charilab companls 8bility to continue as a golng rffjncgm, disdosing, as applicable. malters ted to going concém and using the going tA)nrn basis of accounting unless the trustees either intd to liquidate the charitable company or to cease operatlons. or have no realtstic altematlve but to do so. AIHlJtorfs responslbll1t1 forthe audit of the finanelal stat•ments We have been appointed as auditor undér section 144 of the Charibes Act 2011 and repNt In acL))rdan¢o vAth the Act aThJ relèvant wulations mado or having èffert thgreunder. Our objectoS ars to obtain reasonable assurBnce about whether the financial statem¥ as a whole are fre• from malwial misstatem&n( whether due to fraud or arror. and b i&8ue an auditorfs report th irude8 our opinknn. Reasonable assurance is a high level of assuran but is not a guarantee that an audf( ¢x)nducted in accordan wrth ISAS lu will always d8t8d a malerfal misstatement whén tt exists. Misstatements arise from fraud or error and are cons¥Jered material rf. indiwdualty or in the aggregate. thay could reasonab b& expected to infknence th& decisKJns of users taken on the basis of th&8e finarKial statements. The extent to which our proc6duTes are pats1¢ of d&tsctiThJ iwegularities. induding hud, is detailed tel¢. A fijther dpIOn of 1r r&spon8ibilths is available on tha Financial Reporting CwtxiI'$ w8bsrte aL" hty'.11 ¥hv.frC.Qrg.ukJaudrtOrs[eSpOnSibilitl0$. This doxp11)n fom)s part of our auditorfs reporL Usg of our r•port Th¢s report Is madè solety to the charl$ trustees. as a body. in aC0)rdan wlth Part 4 (rf the CharTbes {Acxounts and Reports) Regulations 2008. Our audit work has be&n undtrrtaken so that we muht stste to the thaNiYs trustees those matteTS we are requSred to stats to them in an auditorfs report and for r other purpose. To the fvllest extent F4rn1itted by law, we do tv)t accept or assume responsblty to anyon8 other than the charfty 8nd the charivs INstèèè as a brJy, forour audlt work. forthi$ repwt, orfor the opinions we haw formed. Richardsons 18 March 2025 Chartered Accountants StatutoryAuditor 30 Upper Hlgh Street Oxfordshire OX9 3EZ RKhardsons 1$ glkjiblo for apFKJinlment as aLKlitor of the charitabb ojmpany byvirtue of it8 eltgibiltyfor apontment as auditor of a cornpany under section 1212 of the Companies Act 2006. 11
ARTS AT THE OLD FIRE STATION STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unre5tsict•d Dèsignat•d R•strlct•d fund¥ funds fvnd$ Total 2024 2023 Income and end&ents DatiOnS and legaelès Charitable active8 Other trading 8cllvrfies Investments Olh8r ineo 410.238 3S.022 447,434 8.613 461,764 872.2 35.022 447.434 8.613 834.916 12,321 338.378 3,854 167 Totsl incom• 9)1,307 461.764 1.3KJ.071 1,189.636 ndltur• on: Generdting incom8 91,925 167,233 259,158 181.543 chilable athibes 294,531 1,103,599 969.731 Total rgwurce• exp•nd•d 461.764 1.362.757 1.151.274 Net income for the yearl Nfrt mov•mont In fvnd5 314 314 Fund at 1 October 2023 292,988 342.968 304.606 Fund b8lancgs #t 30 Sèpt•mbgr 2024 293.282 343.282 342.968 The statement offinanrAal aebwtios Indudes all gains and k)sses recYJni8ed in Ihe year. Ths statsmont of fin8ndal adviues includes all gains and losses r9crjn8d in thè r. All Itme aThJ expendthre t1erive from continuing actiwties. The statement of finanaal acbMbes al80 Ixjmplkrys Mth the requlrements for an inCMe and expenditure account under the Companies Act 20CKS. 12-
ARTS AT THE OLD FIRE STATION BALANCE SHEEr AS AT 30 SEPTEMBER 2024 2024 2023 FIX assèts Tangible assets 14 61,997 77,167 Current aets Stod(s Debtor Cash at bank aThJ In hand 15 16 6.144 144,089 391,067 4,254 80,058 450.424 541.3Th) 514.736 Cr•dli(trfB: wnounts falllng due wlthln on• yaar 17 (260,0151 1248.935} N•t curr•nt assots 281,285 265,801 Total assèts current liabilitios 343.282 342,968 The fvnds of the charttable company Endovmient funds- Building fund unrestri fuThls .0 292,9&8 293,282 343,282 342.968 The company is entiued to the exemption from th8 audit requIremtt c¥)ntalned In section 4TT olthe Companles Act 2006. for the year ended 30 September 2024. The diredor3 acknowlge their Sponsibl1{ties for exjrnptying wilh the requi¥emenls of the Cornpanies Act 2006 yh respectto awounting records and the preparatSon of finan(¥al 8tatements. The rnernbers havè not r8quired the o)mpany lo obtain an audtt of ts finan81 ststements under the rnquirnments of the CompaniasAcl 2006, for the year in question in accordanc6 séclion 476. These finandal statements havg been prepared In ance wlth th8 promsions appli(3blg to companles subject to the 8mall Companies regime. The finan(i81 statements We approvèd bythè trustees on ! Q.MqrFh 2025 H Smlth ffreasurgr} Company registration numtèr 07371445 (England and Wales) 13
ARTSAT THE OLD FIRE STATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Cash Ilows from operatlng actMtI•s Cash (absorbed byvgenèr3 froEll Peratior {51,8841 137,lJ56 Investiry l¥Ito$ Purchase of tanglbl flxed assots PrOcaS from disposal oftangible fixed assets Investment incom& r8civ8d (16,286) {31,249} 592 8,613 Ngt ca$h us•d In Inv•stlng aedvltl•s (7,673) (26,803) ca¥h used In flnanclng actlvltl•s N•t (d•er8??nCYeaS0 In cash and $h •qulvalènts 159.35n 110,253 Cash and cash uiVal•nts at beginning ofyear 450.424 340,171 Ch and cash •qul¥aknts at ond ofyoar 391,067 450.424 14-
ARTS AT THE OLD FIRE STATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢¢ourtlng poll¢lo$ Chartty information Arts al the Old Fire Station is a private company Ilmtted by guarantee IncoryKsrated tn Enand and Wabs. The registered Offi is 40 George Street, Oxford, OX12AQ. 1.1 A¢¢ountlny ¢onvgntlon The aco)unts have been prepared In accordanc8 wlth thè itharttabb (x)mp8tys M8mor8ndum of Articles, th8 Companies Act 2006 and "Acwunting and Reporting by Charfles.. Ststemènt of Ro¢ommgnded Practice appIlble to CharleS preparing their a(o)unts in accordan wth the Finanaal ReportlThJ Stsndard applitsble in th8 UK and Republic of Ireland IFRS 1021° las amended for accxjuning periods commend from 1 January 20161. The charitable company i8 a Public Benefit Entty as defined by FRS 102. Thè fin8nci81 statèmèrts are PTep8red in sterling, wh• is the fijnctnaI currenw of Ihe charitAble ccnpany. Monetary amounts In thasa ffinanaal statèmènts arè rounded to th8 near981 £. The finandal statem&ts have be prep8r8d )der th& hithc81 cost Lxjrwention. The principal ac(xJunting polcies adopted are set out bdow. 12 Golng con¢grn At the time of approving thè finanu81 statemènts. th8 trustg8s have a reasonable eypectation that the carilable o)mpany has adequate resources to c£sntinue In operatthal existence for the foSeeable future. Thus the tNstse8 wntinue to adopt the going ojncern ba61s of )UnIng Sn preparlng the finanoal statements. 1J Charltsblg fvnds Unrestricted fijnds are avallabie for use at th¢ dI$on of th$ trustees In furtheranc• of their ¢haTitabl8 objectives. DeSIated funts eomprise funds vA)th hava bean sét asid8 at thè di$¢xetion of the trustees for specffic purposes. Restricaed funds are subject to SP8ofic crndibons by donors or ant¢)r$ as to how may be Us. The purposes and ums oftho restrIC ))JThJs are Get out In the Th)les to th&fln8ndal st8t&mant& 1A kn¢omlng r¥sour¢os IncMe is recogni51 when the charilable o)mpany is legalty entided to it after any perforniancè condiknns havo been m&L the amwnts can be measured reliably, and it is probabfe that income 1[ be re1ve. Cash donaiorts are Tecognised on recelpt. Other donatic)s a recognlsed once the ¢harIlab company has been notified of the donation, unless perfOrnn COndonS require deferral of the amount. Incom8 tax Tecover8ble in rekgtion to donatic*ts receNe(S under Gfft Aid or deeds of covenant is recc¥Jni%ed at ths timè of thg donation. Legacyas are recc¥Jnised on receipt or otherwise rf the charitable L¥Jmpany has been nOfied of an imFtndir¥J distribution, th8 amount is knrywn, and receipt is expected. If the aUt is not known. the legacy Is treated as a contingent 8sseL Tumover is measured at the fair Yalue of the cx)rtsideratB)n reNed or receivable aThJ presents amounts receable for gojS and services promded in the nonnal course of business. net of discAwnts. VAT and other Sates rela1 tax85. 15-
ARTS AT THE OLD FIRE STATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles IContinu8d) IJ ReSQUT¢eS expond•d LiabIleS are recA)gnlsed as expenditure as $wn 8$ there is legal or constructive obligaJon commitbng charity to the ex4Jenditure. it is probable that a transfer of econornic beneffts will be required in setttement ar the amount of the obligation can be measured reliabty. Expanditur& is 8cu)untsd for on an aczruals basis and h&8 been d&ssrfied under headings that aggregate all cost retat8d to the charity. Where CLJsts can not be direcuy attributed to parlir#Jlar heading they have been allc¥*d to a basis o)nsistent with the usè of resourc85. 1.6 Tangll>ltr ass•ts Tangible fixed 8558ts 8rg inrfially rrSU[8d at cost and subsequenty meosured Bt (x)gt or valuation, net of deprecktion and any imp8imwnt bss85. DatiOn 1$ rwnisod 80 as to write off the ¢xJst or valsjation of assats thw ro9idual values overlheir . useful IN¢$ on the folk)vJlng base3: Leasehold improvements Theatre and shop equipmant Fixtijras and fitbng$ Computers 10% straKJht bw$ 33% straight ne basis 25% stratght Ine basis 33% stravjht Ine baS The gain cf k)ss artslng on the dlsposal of an asset is determin•l as the dIfferen betsveen the sal& pro(wls and the (zrryiThJ valuo of tho awt. and is rocognk%8d in tho stat¢monl of financial acuvitie 1.7 Impalrnwnt of fix ass•ts At ead) reportfing ènd date. the tharitr8blg ¢y)mpany rewew8 the carrying amounts of Sts tsngtbfe assets to detemiine whether there is any iftdicalÉon that ttxjse assets have suffered an irnpairment loss. W any such Indication exists, the reo)verable amwnt of the at Is èslmatad In Ndtrr to determine Ihe exlent of the impainnent loss {rfanyl. 1A Stocks Stocks ars slalsd at the lower of cost and estimated selng prke lass o)sts to complète and ssll. Cost comprises direct matèriaL% and, vthgre ar4)llble, direca latsr costs and those overhèads that hav8 been In(yJrred in bringing the 8tock8 to their present kjcation and CondOn. Items hekj for distrtbubon * no or nomlnal constd8ratiLw) arè mèasurad th8 iowwof replacernent cost and cost. Net reasable value is the eslmated sellng prfca 18s$ all 8sthmatsd Costs of wmpbtion and cthts to t Ined in rnarkeling. selling and distrition. 1.9 Cash and cash equivalents Cash and cash equivalents Include cash in hand. d8posts held al call with banks, other short-tenn Ilquhj investments wrth original mabjrides of three njjnths or less. and bank ov8rdrafts. Bank overdrafts are shoMI thin borrowings in rrent liabilities. Basiellnan¢lal •5$9ts Basic financial assets, which Indude debtors and cash and bank bal8ncg8. are initially measured at transacbon prKe induding transaction costs and are subsequenuy carried at amorti58d cost uwng the gff9CtNe interest rnettrd unless the arrangement (£JnsttsJtes a finandrKJ transacuon. where the transathon 15 measurèd at the present value of the fvture receipts di8¢ounted at a mthet rate of finteSL Finan(y81 assets dassffied as rNble vrithin one yearare not amorbsed. 16
ARTSAT THE OLD FIRE STATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Ac¢ountlng polleh¥ (Continued) Baslc Ilnancial liabilities Bas finanaal liabilities, including dItorS and bank bans are inrtlalty reeoynised at transaction prfcè unless the arrang8manl ¢on8titutes a financlng trans8ction. where the debt instrumènt is measured at the preserrt value of the firtur8 payments di$c4Junted at a maat rats (rf interesL Finanaal lialy1 dlfied as payatle w(thin one year are not amorlised. Dgbt instruments are subsequenty at amortised cosl. u&ng the effectNe int8rast rat• Ththod. Trade creditor8 are obligatiorts to pay for go(xJs or seNces that have baen tyuired in the ordlnary (x)ur8e of operatims from supplw5. Amounts payable s dassifd as current liabilities if pay7nenl is du• wthin one year or 1855. W no( they are presènted as norpcurrenl liabilities. Tradè Clt01 are reojgnlsed nbal at transaeoon P¢8 and subsequenty measured at amorbsed cost using the effectiv8 interest method. Derecognlllon of finanei•l li•bilities Financial liabilities are dereccxJniséd vthen the Charitab company'$ contractual obligatlons axpirg or are dlscharJr od or nceld. 1.10 Taxatlon The tharlty is an exempt tharrty wilhin the meaning ofscedule 3 ofthe Charsbe5Act 2011. 1.11 Employ b•nèfrts The cost ol any unu8ed holiday enodemant is rewrused in the perlod In vthith the employee's Se arg r1Ved. Termination beneffts arg r8cognised immediately as an 8xn$& when the charltablè c1panY is demonstrably committed to terniinate Ihè 8mpbyment of an empk)yee orlo prowde teM)inatiC banafits. 1.12 Gov•mM8Tht gran1¥ Govemmenl grants are recogn¥58d at the fair value of th• as591 rgceived or re8b1& vAn there is rea¥onable assurance that the grant cMditson8 will be met and the grants will te reiVed. A grant that sptfie5 Fwforrnance condth(x)s rets)gni$ed in income when thè p8rformance conditions 8r8 met. Wh$r8 8 grant does not speufy perf0mlar (x)nditions il is recx)gn6sed in in(xxne when the proceèds are recetved or Nable. A grant recaved beforn the recognTtson (teria are salr5fi8d is rwnised as a Crftl¢al a¢countlng estlmatos andjudgèments In thè application of the charttabk <x)rnpanYs a¢Uting polictes. the Injstees are required lo make judgements, estirnates and assumpoons about th& caryng arnount of assets and liabil#8 that are not readi apparent from other sources. The estimates and 8ssoa8ted assurnptions are based on historical experfence and other factors that are (x)nsMlered to be r8lwant.Actu81 results may drfferfrom th98e estimates. The estimates and underfylng assumptions are revWed on an ongoiro basis. Rewsions to 8c(xJunting eslimates are reca)gnised in the periiMI in which Ihe estimate Is revised where the revision affects that pertod. or in the riOd of the revlsbn and firtY PorioY8 where the revision affèds trA)th rrent and firture periods. 17-
ARTS AT THE OLD FIRE STATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 In¢om• from donatlons and legacles Total Unfo8trict4d R•strict•d funds 2023 Total fund$ 2024 fundB 2024 2024 21J23 21)23 DMationB and gi 410.238 461.764 872.002 472.318 362.S98 834,916 Donatiorfa and gifts Arts Counol England The National Lottery Communty Fund Skoll Foundalw)n Esme8 Fairbaim Foun¢Jation Lankelly Chase F<)und8tion Rolhschild Foundal Oxford Cty Counol Linbury Trust Paul Hamtyn Foundation Donations 46.070 46,070 21.820 21,820 109.394 63,646 109,394 63.646 1L%.835 56,174 106,835 56,174 60,000 3.785 63.785 84,000 3.785 87,785 50.000 30,000 29,750 30.01)0 77,OCKI 133.488 134,352 30.000 39.975 48,758 .000 259.022 72,5C¥) 40,000 28,000 57.407 129,907 40.0(KJ 32,475 10.225 18,758 4.475 T7,000 170,818 125.534 112.102 282,920 410,238 461.764 872.002 472,318 362.598 834.916 Charltsblo activltles 2024 2023 Thgatre Tax Rglief 12,321 Incom• from othgrtrading activitses Unr8stri¢tsd LlnTestrict•d funds funds 2024 2023 Non4*aritable tradlng actlvtll&s Mwnbershlp subscriptions and spo8h1pS Fundraising events SponschlpS and ¥al lotteries 132.350 155,942 84.848 74.294 116,686 120.365 45,748 55.579 OlhertradlwJ octswlies 447,434 338.378 18-
ARTS AT THE OLD FIRE STATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from Inv•slm•nts Unrg5tsithd unr¢t•d funds funds 2024 2023 Interest recefv8bf8 8,613 3,854 othor In¢ome funds 2024 funds 2023 Net gain on th$posal of tangib fred assets 167 ExpdIture on ra151ng funds Vnrèstrf¢ted Restrlcted funds fund$ Total Unr•striCt Restricted fijnds funds Total 2024 2023 Fundrai¥ing publiclty Fundraising agents Advorbsin9 2,497 3,503 17.321 1.529 7,692 3,053 12,743 10,671 5,051 11,677 9.147 20.824 9.221 6.575 15. Tradlng eosts Othertrading athties 80.248 158.086 238,334 65,051 11X),6 165,747 Total costs 91.925 167.233 259.158 74,272 107,271 181,543
ARTS AT THE OLD FIRE STATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charfiabl• act1110$ 2024 2023 767,696 25.692 1,676 9.140 19,292 707,703 5,625 Equipmerht hire Bad debts Bank charges and k)an interest Consuliancy. arust and prof&sgonal 199$ 9,140 k li D•praciation LiCenS and insurance Premlsas Printing. postsge and ststiomry BookkeeplThJ Telgphone and IT eypenses Travel and subsistence SubgMptions Sundry expenses 31.456 28,931 3,651 137,942 4,712 8,279 44,812 5.538 6,932 168,489 12,759 6,217 21.441 511 1.103.599 969,731 1.103.599 969,731 Analys1$ by fvnd Unrestricted fijnds Restricted funds 809,068 294.531 714,404 255.327 1,103,&J9 969,731 10 AuditoPs r•munerig Fees payabl• lo th• eharitablB ¢1pan$ aud5tor and assoclat•s: 2024 2023 Audlt ofthe ¢harftsbte ¢ompanlB annual acY¥)unts 5.050 4.770 Non4udlt s•Nle8$ Tax8tion compliance semces 275 11 Trustees During the year of the trustees received a faa of £300 from the charitable rnpany for eIng 8 Part Of a SÈled[ panel for a programTh. During the prior yearone of the trustees received total fees of £558 from the charitable eompanyfor technicran work ¢xJrnpleted. Truste¢s ar¥ gntilled lo ckqim legitimate expenses inojrred on bohaw of the charitable o)mpany. Thre we no Trustees. expensès paMI during the year ended 30 September 202412023: £124). -20-
ARTS AT THE OLD FIRE STATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Empkny Tha averag8 monlhty nurthr Ofemplo$ during th? yearwas.. 2024 Number 2023 Number Pernwnt staff casu staff 12 Total 37 Empknyrnent ¢osts 2024 Wages arKI salariès s81 security costs Other wages &)sts 713.428 50.315 3,953 658.063 44.767 4.BT3 767,6 707.703 There were no employees whos& annual remunera11 was nTh)re than £.000. 13 Taxation The charity exemptfrtyn laxathon on its actsvibes because 811 its incom$ ts apled for charitable purposss. 14 Tangible assets Leasehold Tlwtr• Flxturns and Camput•rs Ittlln gqulpm•nt Cost At 1 October 2023 Addthns 37,303 1.940 58.120 3.822 34.766 1,789 50250 8.735 178.439 16.286 At 30 September 2024 39.243 59.942 58.985 194,725 Depreclatlon and Impalnnant At 1 Octob8r 2023 DepreaalK)n charged in the year 7.597 3.950 33,972 12,204 24.996 4.803 34.707 10,499 101,272 31.456 At 30 September 2024 11.547 46,178 29.799 45,206 132,728 Carrying arnount At 30 September 2024 27.696 13.766 6.756 13,779 61.997 At 30 September 2023 29.706 22,148 9.770 15,543 77,167 21
ARTS AT THE OLD FIRE STATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 15 Slo¢kg 21124 Finished gc#)ds 8nd gor&ls for resale 6.144 16 D¢bto 2023 Amounts falllng TAthln on• y•ar. Trade dèbtors Other debtors Prepoymwts and acced ino)w 69,165 1TI 74.747 33.518 4,267 22,273 144.089 17 Cr•diti)rs: amounts falling due wlthln on• y 2024 2023 Trade uedllors Other dI101 A¢L¥uab and deferred Inc0 49.143 2.792 208.080 34.600 3.589 210,746 260,015 248,935 Induded in deferred incomewere the foltr•Mng grdnts: 2024 2023 Arts Councl England Esmeg Fairbum Foundalton Lankelly Chase Foundation Oxford Cty Couniil Other grants 17,589 29.690 3,785 38,2Y5 10.225 26,879 65,955 19,482 103.026 106,&54 18 R•tlv•m•nt benefit ¥¢h¢moB Defined contrlbutlon Scm#S The tharilab o)mpany operates a definsd ¢ontribution pensK)n scheme for al qUalIng amployees. Tho ssets of the $drne are held separatety from tlwse of the chantabte company in an independ8nty adminlstèl fund. The charge to proffit or loss in resped of defined ccffltritrJtJn s(ones wa$ £22,16212023: £20.4171
ARTS AT THE OLD FIRE STATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 19 Anatysls of not as$8ts botwoen fund5 Unrn¥trlcted Deslgnated R•strlcted 2024 Total Totsl 223 Fund balances at 30 September 2024 are represented by.. Tangiblg assets CuThent assetslolthllties) 61.997 231,285 61,997 281.285 77.167 265,801 50.OLN) 293,282 343,282 342.968 20 OperatSng l•as• ¢ommilm•nts At thè rowting and dato th& charitable o)nyany had outstanding ¢ornmitrnents for fubJre mlnlmum 18a8e payments under non-cancellaL48 opgrating leases, whiL* fall due as follo. 2024 2023 Within one year Betsvaen two and fwa yèars In over five years 47.850 191.400 338.937 47,850 191,400 386,787 578.187 626,037 21 Ralatad p•rtytr•n$8¢tlons There Mre no dtsc4Js8bb rekted party transactions during thè ar12023. none). 22 Cash gen•rat•d from oprntions 2024 Surplus for thè y88r 314 38.362 Adjustments for. Invgstrngnt inco recognised In statement of ffnandal 8¢Me8 Gain on disposal of tangible flxed assats Depredalfon and iMlMI$rrt of tangible fix&J assets 18.613) {3,854) 1167) 19,813 31.456 Movements In worldng P[l. Ilntr8a8el in 8tIKk3 Ilnueaseydecrease in debtors Inuease In creditors {1.890} 184,031) 11,080 11,145) 11,381 63,546 Cash labstsrt byygenerated from operatlons 151.6841 127.938