Registered number: 07822981 Charity number: 1145645 BLOOMIN'ARTS LIMITED IA company limlted by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 chartered accountants business and taxation advisers Yew Tree House • Lewes Road . Forest Row • East Sussex RHI 8 SAA • TÈI.. 1013421824181 www.dmcpartnership.com
BLOOMIN'ARTS LIMITED IA company limited by guarantee) CONTENTS Page Reference and admlnlstratlon detalls of the charlty, Its trustegs and advisgrs Chair of trustees, report Trustees, report Independgnt examiner's report Stat•mènt of finaneial activit8 10 Balanca shaèt 11 Notss to tho flnanclal statements 12.19
BLOOMIN'ARTS LIMITED IA company limited by guarantee) REFERENCE AND ADMINISTRATION DETAILS, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees Mrs A M Weed8r, Trustee Mr8 S Balley, Truslee Mr J Adams. Trustee Mr RL Adams, Trustee Mr R Gibson, Trustee Ms S Cooper, Trustee {re5igned January 20251 Miss C McDonald, Trustee Mrs A Bentley, Trustee Mr T Bentley, Trustes Ms J Roberts, Trustee {appoinled January 2024) Company reg18tor•d numbor 07822981 Charlty reglstered numbor 1145645 Reglstered offl¢e 5A Shawlands Court, Newchapel Road, Lingfield, Surrey, RH7 6BL Prlnclpal op•ratlng offl¢o SA Shawlands CourL Newchapol Road, Llngfield, Surr•y, RH7 eBL Accountants DMC Partnership Llmlted, Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 SAA Page 1
BLOOMIN'ARTS LIMITED (A company limited by guarantee) CHAIR OF TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Chair of Trustees Report for Bloomin, Arts Annual Report and R?view 2023-2024 As Chalr of the Board of Trustees for Bloomin, Arts, l am delighted lo present our Annual Report and Review for the year 2023-2024. It has been another year of remarkable progress for the organisation, marked by resllience, creativity. and the deepening of our commitment lo the local community. The past b>Jelve months have seen us navigating an ever-changing landscape, yet Bloomin, Arts has remained steadfast In its mlssion to provide access to the arts for all, fostering creativity, inclusivity, and a vibrant cultural communlty. We have worked tirelessly to ensure that our programmlng continues to serve diverse audiences, artists, and partners. adapting lo both local needs and broader socSetal shifts. 2023-2024 Hlghllghts and Aehigvements One of the key a¢hiev8menls of th15 y8ar has been our continued foous on exp8nding our educatlonal and outreach inilialives. Through collaborallons with schools, ¢ommunity groups, and local organisatlons, we have provided countless opportunities for Indlviduals to engage with the arts in ways that are meanlnglul lo them. Whether through workshops, exhlbltions. or performances, Bloomin, Arts has brought togeth&r a wide range cf voices, experiences, and ta18nts, ensuring that creativity remains at the heart of our work. We have also worked hard lo make our space and programming more inclusive and a¢c&5sible. Our commitm&nt lo accessibility has been evident In our efforts lo remove barriers to parti¢ipalion, both physlcally ané financially. From subsidised lickels and free communlly events lo improved facililles fcir people with dlsabililies, we are proud of the slrldes we have made In creatlng an envSronment where everyone feels welcome to lake part in the arts, Flnanclally, Bloomin, Arts remains in a strong poslllon, Thanks lo Ihg dedication of our supporters, funders, and partners, we have maintained a balanced budget and seen growth in our ftjndlng basé. Our fundraising efforts have been supported by both new and long-standing donors, and we have successfully Secured additional grants that will enable us to expand our reach and deliver even Fnore impaclful programmlng in the comlng year. Volunt8erlng: Growth, Impact, and Renewed Purp08• This year, volunteering has been at the heart of 81oomin' Arts and we are proud lo reflect on the growth, impact, and renewed energy within our volunteer community. We have wllnessed s1gnificant growth in volunteer engagemènt, with more Indlvlduals dedicating thelr Ilm6 and skills lo support our mission. This increase in participation has allowed us to expand our reach, off8r greater support to Iho$6 we serve, and enhance the quality of our services. The impact of our volunteers cannot be overstated. From deliverir¢g vital courses and projects to providing administrative and operational support, their Contributions have directly influenctsd Bloomin, Arts. Their dedication has been a ¢ornerston8 of our success, enabling us to respond effects'vely to challenges and embrace new opportunities. This year alone, we have recorded an incrèdible 1,724 hours of volunteering. Al Ihe current minimum wage of £11.44 per hour, this contribution is equivalent to £19,722.56 in value. This figure underscores not only the generosity of our volunteers bul also the significant economic impact of their efforts on our organi831ion and the communities we serve. This year has also brought a renewed sense of purpose and impact to volunteering within our organisalion. Thls renewed focus has not only slrenglhened our volunteer neOrk but starts to build on our future growih and impact and has also fostered a sense of belonging and shared purpose among all involved. Page 2
BLOOMIN'ARTS LIMITED (A company limited by guarantee) CHAIR OF TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 As we close the year, we extend our deepest gratltude to every volunteer who has contributed to our mission. Their selfless commitment continues to inspire us and seNes as a powerful reminder of the transformative iTnpact of volunteering. Together, we look foiward to bullding on this momentum in the coming year. Looking Ahead Whlle thls year has been one of growth and success, we are also acutely aware of the challenges that lie ahead. We recognise the importance of continuing to innovate and stay connected to the evolving needs of our community. As we look lo the future. we remain commilled to enhancing our sustainability, Increaslng our vlsiblllty, and building deeper connections with local, regional end national partners. Our focus will remaln on malnlalnlng the hlgh standard of our programmes while ensuring that they remain accessible, diverse, and Incluslve. We will contlnue to nurture tsmerging talent. support local artl8t8 and provide a platform for the voices of those who are Dften und&rrepres8ntéd in the arts. In closing. I would like to express my gratitude to the entire 8loomin' Art5 team, our staff, volunteers. 8rtisls, and partnerg. It is your dèdication and passlon that make 81oomln' Arts the vibrant organisation it is today. I would also like to thank my fellow trustees for their ongoing support, w15dom, and commilm8nl. Together, we are confident that Bloomln, Arts wlll continue to thrive and be a sourc& of Inspiration for many years to come. Th8nk you for your contlnued support. Shirl8y Cooper Chair of Trustees Bloomin. Arts Page 3
BLOOMIN'ARTS LIMITED IA ¢ompany limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their annual report together with the financial statements of Bloomin. Arts Limited (the charity) for th$ year ended 31 st August 2024. The trustees confirm that the annu21 report and financial statements of the charity comply with the requirements of the charity's governing doGumenl and the Statement of Recomm$nded practi ISORPI.. Accounting and Reportlng by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland {FRS1021 effective 1 January 2015 and with the Companies Act 2006 and with the Charities Act 2011. Struetur8* governance and management CONSTITUTION Th6 charity is registered as a charitable company Ilmlled by guarantee and was set up by a Memorandum of Association on 25 O¢tober 2011. The charity is consliluled under a Memorandum of Assoclatlon dated 25 October 2011 and Is a registered charity (number 11456451 The principal oblect of the charity is to provide a voice and plattorm for l&arning disabled, physlcally disabled and neurodlv&rse adults lo attess high quality accessible opportunities in the creative arts. Driven by their voi¢e and creallve vlsion we provide Independence and physical, social and emotional wellbeing. METrIOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the charity is the responsibillty of the Trustees who are elected and co-opted under th térms of the Artl¢les of Association, New trustees are mèntored by exlsting Irustsss and have a 3 month probation8ry perlod. ORGANISATIONAL STRUCTURE AND DECISION MAKING The Trust is managed by the trust Chief Execullve Officer who makes day to day decisions. Any major decislons are made by the Trustees. Tru8tee8: Anr¢ Weeder.. Trustee from October 2011 to present Sue Batley.. Trustee from June 2012 to present Jordan Adams.. Trusteè from April 2018 to present Ric Adams.. Trustee from April 2015 to present Roy Gibson.. Trustee from Novemb$r 2018 lo present Shirley Cooper.. Trustee from 31st January 2020 (resigned January 20251 Calre-Aena Jane McDonald'. Trustee from 11th March 2021 to presènt Alison Bentley.. Trustee from 13th April 2021 to present Timothy Bentley.. Trustee from 21 July 2022 to present Jill Roberts.. Trustee from 18 January 2024 to present Senior Staff Member: Hayley Bull. CEO from April 2023 to present Page 4
BLOOP411N'ARTS LIMITED {A company limited by guarante¢) TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Govemance and Management Policies and Procedurgs in place for.. Code of conduct Compliant procedure Confidentiality policy Deallng with emergency policiès Duly of care policy EqLJal opportunities and div6rsity Finance pollcy First aid and medication adminlstrallon F)olicy GDPR Health and safety Managing images of partlclpanls pollcy Non pick up policy Personal care policy Recruitment of staff and volunteers policy Responding positively to behavioural needs Safe guarding and anll bullying Volunteer policy isle blowing pollcy Rèvi8wed and amended by Trustees and senior stsff rnember In Aprll 2024. Oblectlves, Actlvltle8, A¢hlevement8 and Porfomiance OUR MISSION Bloomln, Arts Is driven by the voice of disabled adults lo provid& high quality opportunllle8 In the cre81ive arts. Indepersdence and physical, soci81 and emotlonal wellbeing is our aim. OUR AIMS At Bloornin, Arts, our values guide everything we do.. Our Volces at the Centre - Ensuring that the needs, choices, and aspiratlons of our partlcipants shape everything we do. Opporlunilies for Growth - Cr8aling chances for personal and creallve development, enabling individuals to lead fulfilling Iiv8S. Respect and Responsibility - Building a supportive &nvlronment where everyone 18 valued ar¢d understands their role within our community. WÈlcDming and Supportive - Providing a warm, inclusive space where individuals feel encouraged to 8xpress themselves and lake part in meaningful experiences. Openness and Trust- Promotlng authenllcity, honesty, and fairness throughout our organisation. HOW WE ENSURE OURWORK DELIVERS OUR AIMS We review our aims and objectlves each year through regular staff. trustee and p8rticipanl meetings. Our participants drive what quality artisllc Iraining they want to receive true to their voice and vision. The success of each course is discussed in relation to this and tho quality artistic outcomes and social benefits for our participants. Thi5 is in line with referen to our strategic plan. An action plan ba$efJ on these discussions is brought forward by the CEO to the creative and staff team. Page 5
BLOOMIN'ARTS LIMrrED IA company lirnited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Participant satisfaction within our Creative Courses associated with the creative industries is measured through participant feerJback. Yearly and lermly surveys to parenvcarers of Bloomin, Arts participants also provides valuable feedback. Our work is drive and led by our artist participants, and we are proud of the results of our survey. 100°/o feel happy when they are at Bloomin, Art5 100f>A feel more confid8nl since joining Bloomin, Arts 100°/o feel they are learning new IhSngs at Bloomin, Arts 100 % feel good about themselves when at Bloomin, Arts 100°h enjoy the creative art actSvllies we do at Bloomin, Arts 97 /0 feel listened lo and respected al Bloomin, Arts 97 /0 thinks Bloomin, Arts helps wllh thelr life 5kill8 (like making friends or expressing themselves through artl 97 /0 felt happy with the courses they allend at Bloomin, Arts 97 /0 like the lulors, Staff and volunteers al Bloomin, Arts 94Q/• have made friends at Bloomin, Arts 940h feel confident lo share their ideas at Bloomln, Arts Alice partlclpanl at Bloomin, Arts - 'I'm proud of having r8sponslbllSly Jack participant at 81oomin' Arts -"1 h8ve learnt to help frl8nds and work as a group. Il's good to work wlth professionals so you can gel a lesson in art and drama. I like Bloomin, Arts because I've tried differgnl aclivllies like drama and pèrforming In co$lume5. I've enjoyed learning how lo paint and sharing that wlth my parents at home. HOW OUR ACTIVITIES BENEFIT THE PUBLIC The Iruslee8 have referred to and have regard for the Charity Commission's publlc benefit guldance. We have taken Snto account through review of our alms and objeGllves and ensurlng that decisions arlsing from our slraleglc direction, sustain and improves our ¢harStable activities lo benefll learnlng disabled, physically disabled and neurodiverse aoSulls using the Arts. Income and Expfjndlture Total incoming resources for BloomSn'Arts in 2024 were £211,867 12023 - £157.3581 which comprisèd nrestricted income £129,33512023 - £11 5,2901 and reslricled in¢om& £82.532 (2023 - £42,068) Expenditure by Bloomin Arts is dOMnated by salary and tutors fees and the running maintenance of our facilities 8nd equipment. The total expenditure for 2024 is £188,101 (2023 £186,036). Acknowledgement of Donatlons: Sinceresl Thanks lo the following funders. Bloomin Arts has been fortunato to receive funding from several non-statulory sources over the last year. The Trustees would therefore like to thank the following organisations, individuals and companies for the generous support they have given.. Donation8: Dorking URC Thursday Afternoon Group Trinity Melhodisl Church, East Grinslead Felbridge Primary School Big Give Trust Barley Mow Pub, Oxted Oxted School Ann Weeder Shirley Cooper P Cooper M Molloy M Moody S Batley G Manners Peta Kinsville-Heyne Susanna Allan A Aspen J Balley B Tomkinson Abigail & Ric Adams Page 6
BLOOMIN'ARTS LIMITED IA company limited by guaranteè) TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Grants: Garfield Weston - £10,000 Misses Barrie Charitable Trust- £2,500 East Grinstead common good - £1,000 East Grinstead Meridian Rotary Club - £1,500 Worshipful Company of Insurer5 - £1,000 Bantam Charity Trust- £500 Alchemy Foundation - £2,000 Bailey Thomas - £10,IX)O GrantslFunders: Reslrl¢ted Grants and Donations received in 202312024.. John Ede Trust The Openwork Foundation National Ltsttery Community FundlAward$ for all Andrew Lloyd W8bber Arts Councll Your Fund Surrey Tesco Communlty Fund Daisyfesl Tandridge Sparks Voluntary Action Horne P8rish Council Percy Billon Charlty £soo £11,440 £20,000 £8,000 £38,709 £1,473 £500 £62S £500 £250 £S3S RestOI8d Grants and Donatlons brought forward from the year endecl 31AI August 2023.. Mullins Bursary John Ede Trust Sussex Masonic Charlty Greneslede Lodge The Op8nwork Foundallon Arnold Clark N81ior¢al Lollery Community Fund Surrey County Council Community Fund Alli8nce For Better Care Johnson & Johnson Andrew Lloyd Webber Foundation Barchesler Charitable Trust Anonymous £208 £56 £92 £92 £999 £861 £4,167 £160 £1,628 £652 £2,182 £1,144 £1,688 Restricted Grants and Donations ¢8rried forward al the year 3151 August 2024.. The Openwork Foundation Arnold Clark National Lottery Community FundlAwards for all Andrew Lloyd Webber Foundation Arts Council Your Fund Surrey Home Parish Council £8,295 £695 £13,643 £3,852 £1,069 £1.473 £127 Page 7
8LOOMIN'ARTS LIMITED IA company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Financlal Revlew GOING CONCERN After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate ffsources to continue in operatlDnal existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial stalemenls. Further details regarding the adoption of the going concem basis can be found in the Accounting Policies. RESERVES POLICY The charity aims to hold sufficient resour¢$s to mgel its day-lo-day needs for at least a 3-month perlod. In preparing this report, the Trustees have taken advantage of the 8rnall ¢ornpanies' exemption5 provlded by section 415A of the Companies Act 2006. roved by the Trustees on /gI/25- and signed on their behalf by.. If/r/2s- This report Was Roy Gibson Tru ee Page 8
BLOOMIN'ARTS LIMITED (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLOOMIN'ARTS LIMITED On accounts for the year ended 31 August 2024, Charity number.. 1145645, Company Number.. 07822981, which are set out on pages 10 to 19. I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. RESPONSIBILITIES AND BASIS OF REPORT As the charity's trustees of the Company Iwho are also the directors of the company for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Company Act 20061 the 2006 Act l. Having satisfied myself that the accounts of the Company are not required lo be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act"). In Carrying out my examination, I have followed the Direction5 given by the Charity Commission lunder section 14515llbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no material matters have come to my allenlion which give me cause lo bélieve that.. accounting records were not kept in accordance wlth section 386 of the Companies Act 2006., or the accounts do not accord with such records.. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'lrue and fair, view which is not a maller Considered as part of an independent examination.. or the accounts have not been prepared in accordance with the Charities SORP IFRS1021 I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be rea¢hed. Signed: Dated.. 20 Robert Brown FCA Yew Tree House Lewes Road Forest Row East Sussex RH18 SAA Page 9
BLOOMIN'ARTS LIMITED IA ¢ompany limited by guarantee) STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 UnrestTiGted Restrlcted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Note INCOMING RESOURCES Incoming resources from generated funds.. Donations Incoming resources from charitab16 activity 28,423 100,912 82,532 110,955 100,912 67.916 89,442 TOTAL INCOMING RESOURCES 129,335 82,532 211,867 157.358 RESOURCES EXPENDED Charitable activities Governance costs 117,854 2,940 67,307 185,161 183.216 2,940 2,820 TOTAL RESOURCES EXPENDED 120,794 67,307 188,101 186,036 NET INCOMING RESOURCES BEFORE TRANSFERS Transfer bttsveen Funds 8,541 15.225 23,766 128,6781 NET MOVEMENT IN FUNDS FOR THE YEAR 8,541 15,225 23,766 128,6781 Totsl funds al 01 Septèmber 2023 26,140 13,929 40,069 68,747 TOTAL FUNDS AT 31 AUGUST 2024 34,681 29,154 63,835 40.069 The notes on page5 10 10 17 form part of these financial $tst&ments Page 10
BLOOMIN'ARTS LIMITED (A company limited by guarantee) BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note FIXED ASSETS Tangible assetg 1.194 CURRENT ASSETS Cash al bank and in hand Debtors and repayments 119,454 11,980 72,825 6,340 10 131,434 79,165 CREDITORS: amounts falling due withln one year 11 {67,5991 140.2901 NET CURRET ASSETS 63,835 38,875 NET ASSETS 63,835 40,069 CHARITY FUNDS Unrestricted funds Restricted funds 12 12 34,681 29,154 26,140 13,929 63,835 40.069 The Trustees consider that the charity is enlilled lo exemption from the requir6menl to have an audit under the provisions of section 477 of the Gompanies Act 20CE I the ACV'I and members have not required the charity lo obtain an audit for the period in question In accordan wllh secuon 476 of the Act. The Trustee5 acknowledge their responsiblllties for complylng th the requirements of the Companles Act 2006 with réspect to accounting records and for preparlng financlal statements which give a true and fair view of the slate of affairs of the charity as al 31 August 2024 and of ils net incoming resources for the period in accordance with the requirements of $e¢tions 394 and 395 of the Act and which otherwise comply with the requiromenls of the Companies Act 2006 relating to finanoial stslements, so far as applicable lo the charity. The financial statements have be8n prepared In accordan wllh the provlsions applicable lo companies subject to the small companies, regime and in accordance with the provlslons of FRS 102. The financial statements were approved by the Trustees on I14 2J- and signed on /r/3-/JS- their behalf, by.. R Glbson Trustee T Bentley Trust80 The notes on pages 11 to 17 form part of these financial statements. Page 11
BLOOMIN'ARTS LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Basls of preparatlon of flnancial statements These financial slalements have been prepared under the historical c051 convention with items recognised at cost or transaction valu• unless othe1$e stated in the rel8vanl notels) to these financial slatemenls. The financial statements have been prepared In accordan¢e with the Slatem8nl of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in a¢eordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS1021 effective 1 January 201S and with the Companie8 Act 2006 and with the Charities Act 2011. The charity constltules a publi¢ benefit entity as defined by FRS102. Golng concern The Iruslees have a r8asonable expectation that the charlty has adequate resources to continue in operational existence for the foreseeable future, For this reason they contsnue lo adopt the going concern basls in preparing the financial Slatemenls. Chango In accounllng pollcy The financial statements present a true and falr view and no changes have be8n made to the accounting policies. 1A Company status The charity is a company limlled by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee Is limited 10 £10 per member of the charlty. Fund Accountlng General funds are unrestricted funds whlch are available for use al th8 discretion of the Trustees in furtherance of the general oble¢tSv6s of the charlly and which havè not been designated for other purposes. Re5triGted funds are funds which are to be used in accordance with specific restrictions Imposed by donors which have been ralsed by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is Sel out in the notes to the financial statements. Page 12
BLOOMIN'ARTS LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Icontinuedl Incoming re80urce8 All incoming resources are included in the Statement of tinan¢ial activities when the charity is legally entiued lo the income and the amount can be quantified with reasonable aocuracy. Donat8d servic85 or facililles. whlch comprise donated services, are included in income al a valuation whlch is an eslimal8 of the financlal cost borne by the donor where such a cost is quanllliable and measurab18. No Income Is recognised wh8re there is no financial cost borne by a third party. Incc)me lax recoverable in re5ation lo donations received under Gfft Ald or deeds of covenant Is reGognised when received from HM Revenue & Custom5. Resources expended All expenditure 15 accounted for on an accruals basis and ha5 been included under expense categories that 8ggregate all costs for allocation lo activities. Where costs cannot be directty attributed lo particular activities they have been allocated on a basis Consistent with the use of the resources. Governanc& co$ls are those Sncurred In ¢onnectSon wSlh admlnislratlon of the Charity and compllanco wllh conslltutlonal and slatulory requlrements. All resourTr8 expended are In¢luslve of irrecoverable VAT. Turnover Turnover comprises revenue recognised by the charity in respect of goods and setvices supplied during the period. Cash and cash equlvalents Cash is represented by cash In hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the dale of acquisition and that 8re readily convertible lo known amounts of cgsh with in8ignifi¢ant risk of Change in value. 1.10 Tanglble fixed a889ts Individual fixed assets costing £1,000 or more are capilalised 8t cost and are depreciated over their estimated useful economic lives, on a slralght line basis as folSows'. Depreclatlon is provided on the following basl$: Computer equlpment Other equlpmenl 3 years stralghl Ilne 4 years slralghl Ilne Fixed assets purchased wlth grant fundlng are expensed In the year of purchase. Page 13
BLOOMIN'ARTS LIMITED IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Icontinuedl 1.11 Credltors Short term creditors are measured at the transaction price. Other financial liabilitles. including bank loans, are measured initially at fair value, net of transaction costs, and ar8 measured subsequently at amortised cost using the effective interest method. 1.12 Financial instruments The Charity only enters into baslc financial instruments transactions that result in the recognillon of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans lo related parties. Debt Snslrum8nls that are payable or receivable wlthin one year, typS¢ally trade debtor8 and creditor5, ars m8asured. initially and subsequently, at the undiscounted amount of the cash or olher Gonsideralion expected lo be paid or received. However, if the arrangtsmenls of 8 short- term inslrumenl constitute a hnancing Iransaolion, like the payment of a trade debt deferred beyond normal business terms or flnanced al a rate of interest that Is not a market rate or in cage of an out-right short-term loan not al market rate, the financial asset or liability is measured, initially, at the present value of the futurè cash flow discounted at a market rale of interest for a similar debt instrument and subsequently al amortlsed cost. 1.13 Pen81on8 Defirbed conlribullon pension plan The Charity operates a d8flned conlrlbulion plan for its employeès. A defined contribution plan is a pension plan under which the Charity pays fixed Gonlribulions into a separate entity. Once the contributlons hav• boon paid the Charlty has no further payment obligations. The contributions are recognlsed as an expense In the Slalemenl of financial activity when they fall due. Amounts not pald are shown in awruals as a liability in the Balance sh&et. Th8 assets of the plan are held soparalely from the Charity in independently administered funds. Page 14
BLOOMIN'ARTS LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 INCOMING RESOURCES FROM CHARITABLE ACTIVITY Unrestrlcted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Course fees Fundraising Other income 93.377 6.936 599 93,377 6,936 599 83.272 5.539 631 Net income from ¢haril8ble activities 100,912 100,912 89,442 EXPENDITURE BY CHARITABLE ACTIVITY SUMMARY BY FUND TYPE Unre8trlcted Restrlcted Fund8 Fund8 2024 2024 Total Funds 2024 Total Funds 2023 Courses and performane•s 120.794 67,307 188,101 186.036 SUMMARY BY EXPENDITURE TYPE Staff costs & Tutors 2024 Other coBts Total Total 2024 2024 2023 Charitable G05ts Governance Gos15 153,028 32,133 2,940 185,181 2,940 183,216 2,820 153,028 35,073 188.101 186,036 GOVERNANCE COSTS Unrnstrlcted Rostrlct¢d Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Accountancy 2.940 2,940 2.820 2.940 Page 15
BLOOMIN'ARTS LIMITED {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE Staff Costs & Tutors 2024 Other Costs Total Total 2024 2024 2023 Charitable costs Governance costs 153,028 32,133 2,940 185,161 2,940 183,216 2,820 153,028 35,073 188,101 186,036 ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES Activities Undertaken Dlr8¢tly 2024 Support Costs 2024 Total 2024 To181 2023 Courses and performance8 185,161 2,940 188,101 188.036 185,161 2,940 188,101 186,036 NET INCOMING ResouRCES Durlng the perlod, no Trustees received any remuneration. During the period, no Trustees received any bènefits in kind. During the period, no Trustees received any reimbursement of expenses. STAFF COSTS Stsff Costs were as follows.. 2024 2023 Wages and salarles Pension costs 70.378 1.538 57,334 1.256 71,916 58,590 The average monthly number of employees during the period was as follows.. 2024 No. 2023 No. No employee received remunerallon amounting to more than £60,000 In the period. Page 16
BLOOMIN'ARTS LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 TANGIBLE FIXED ASSETS Flxtur&s, flttlngs & equlpment COST OR VALUATION At 1 Septemb8r 2D23 Additlons in year 9,823 At 31 August 2024 DEPRECIATION At 1 September 2023 Charge for year on owned assets 8,629 1,194 At 31 August 2024 9,823 NET BOOK VALUE At 31 August 2024 Al 31 August 2023 1,194 10. DEBTORS 2024 2023 Trade debtors Prepayments 11,358 622 5,595 745 11,980 6,340 11. CREDITORS: Amounts falling due within one year 2024 2023 Social se¢urity, salary and pension contributions Admiriislralive expenses Accountancy Accrual Deferred Income 854 1,108 2,820 62,817 949 191 2,820 36,330 67,599 40,290 Page 17
BLOOMIN'ARTS LIMITED IA company limited by guarante81 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. STATEMENT OF FUNDS Brought Forward Incomlng Resources Ro$ources Expendèd Transfers Inl {Out) Carried Forward Unrestricted Fund$ General Fund 26,140 129,335 1120,7941 34,681 26,140 129,335 1120,794) 34,681 Restricted Fund8 John Ed& Trust Sussex Masonic Charity Grenestede Lodg@ The Cpenwork Foundatlon Arnold Clark National Lottery Community FundlAwards for all Surrey County Council Community Fund 160 Mullins Bursary 208 Anonymous 1,688 Alliance For Beller Care 1.828 Johnson & Johnson 652 Andrew Lloyd Webber Foundation 2.182 Barchesler Charitable Trust 1.144 Arts Council Your Fund Surrey Tesco Community Fund Daisyfesl Tandridge Sparks Voluntary Action Horne Parish Council Percy Billon Charity 56 92 92 999 861 500 15561 1921 (921 {4.1441 11661 11,440 8,295 695 4,167 20,000 110,5241 13,643 11601 12081 11,6881 11,6281 16521 16,3301 11,1441 {37,640) 8,000 3,852 38,709 1,473 5a0 625 500 250 535 1,069 1,473 {5001 (6251 {5001 {1231 15351 127 Total of funds 13,929 82,532 167,307) 29,154 SUMMARY OF FUNDS Brought Forward Incomlng Resource8 Resources Transfers Exponded Inl (Outi Carrled Forward General funds Restricted funds 26.140 13.929 129,335 82,532 {120,794) 167,307} 34,681 29,1S4 Total of funds 40.069 211,867 1188,101) 63,835 Page 18
BLOOMIN'ARTS LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted Rostricted Total Funds Funds Funds 2024 2024 2024 Total Funds 2023 Tangible fixed assets Current assets Creditors due within one year 1,194 29,154 131,434 79.165 167,5991 140.2901 102.280 167,599) Tot81 of funds 34,681 29,154 63,835 40.069 Page 19