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← Open School East

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 08396177 (England and Wales) REGISTERED CHARITY NUMBER: 1154104

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OPEN SCHOOL EAST

Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ

OPEN SCHOOL EAST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 15

OPEN SCHOOL EAST (REGISTERED NUMBER: 08396177)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

INTRODUCTION

Open School East (OSE) is a free, independent art school which is committed to making the arts a more open, diverse and accessible sector.

We support cultural practitioners to develop and sustain their practice; we enable adults and young people to learn new and transferable skills, and to shape their creative voice by becoming active learners and co-producers of OSE’s programmes. We respond to our locality by providing a free, informal and welcoming learning environment for people from all walks of life.

Our learning and development programmes are:

In 2024/25 we launched two new strands of programming:

Open School East is a registered charity and National Portfolio Organisation, supported by Arts Council England. Core and project funding comes from trusts and foundations, and individual giving/ donations.

For more information, please visit: www.openschooleast.org

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objects ('Objects') are specifically restricted to the following:

To advance education of artists and the public in general in the South East, in particular but not exclusively by the provision of:

(a) training, advice and support for artists;

(b) space and facilities for the creation and appreciation of art; and

(c) the exchange of knowledge and skills by way of art conferences, workshops and other facilitated learning opportunities.

To meet its objectives, Open School East (OSE) supports:

(1) The artistic and professional development of artists through tuition, mentorship, studio provision and exhibition opportunities;

(2) The development of life and creative skills, and confidence, among local young people;

(3) The delivery of events, workshops, short courses and collective projects devised by and with the OSE community and partner organisations.

Public benefit

In setting objectives and planning for activities, the Trustees have given due consideration to the general guidance published by the Charity Commission relating to public benefit.

Page 1

OPEN SCHOOL EAST (REGISTERED NUMBER: 08396177)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE Charitable activities Programme 2024/25

We completed Term 3 of the Associates Programme in this year, with Associates leading on developing and delivering their Public Programme of participatory events, that ran alongside the curriculum, touching on themes or ideas raised through the other stan ds of programme activity at OSE.

The Associates Programme culminated in an end of year exhibition, which is an opportunity for the Associate artists to share their work with arts professionals (locally and nationally), prospective collaborators, funders, peers and the wider public. The exhibition was curated by a guest curator with expertise in exhibition making, who supported the Associates to share and present their work as part of a group exhibition. The exhibition had an audience of 570 people, our highest ever attendance.

In September 2024, we launched Building an Art School for the Future , a new model of programming at OSE. We have now structured our way of working around a 2 year programming cycle, with each cycle exploring and responding to a specific theme. The threads of this theme will then run through each of OSEs programmes.

Building an Art School for the Future is an ambitious, integrated model that features two additional core strands: our Civic Programme and a dedicated Alumni Springboard Programme .

The Civic Programme is developed in partnership with our local communities through collaborative art projects involving invited artists, OSE alumni, researchers, and community partners and practitioners. These projects will build a foundation for and help shape the school•'s curriculum.

The Springboard Programme supports the artists and cultural practitioners who have graduated from our Associates Programme. It provides a range of professional opportunities to help them continue their development.

Building an Art School for the Future represents a sector-wide step change, enabling new generations of artists to create and lead high-quality, community-centred arts projects that emphasise collaborative and situated pedagogies.

Our new model will continue to address the inequity of arts training access, while also dissolving the traditional boundaries of the art school. It will nurture a new generation of artists for whom community building and social impact are central to their work.

In this first year of the new model, we established a theme for the Civic Programme in dialogue with invited artists, alumni, community stakeholders, and local and international partners. The programme created a •'bank•' of resources, local knowledge, skills, and expertise, while identifying community interests and needs. These efforts then laid the foundation for the curriculum of our next Associates Programme (2025/26) and initiated collaborative projects, embedded in civic spaces, to address the most pressing local needs.

"Home is where the garden is•" is the theme for our current two-year programming model, which will run from September 2024 to September 2026. This theme explores the garden as a metaphor for spaces of cultivation, rooting and unexpected encounters. It explored how artists can work in more embedded, durational ways with our local community of practitioners, researchers, community partners, and public organisations. This cycle invites artists and community members to collaborate in exploring the evolving and rhizomatic threads that connect our shared civic spaces, through a series of artistic commissions , collaborative projects, public workshops, and community initiatives.

Young artist members of Despacito Art School learnt about typography, symbols and signs and made their own fonts and symbols with drawing, collage and found materials to create a new typeface for Home is where the garden is. They also undertook mapping exercises to think about civic, public and green spaces in Margate, including sharing stories of migration and mapping how communities form a nd are established in shared civic space.

Page 2

OPEN SCHOOL EAST (REGISTERED NUMBER: 08396177)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

As part of the two-year model, we also launched the Springboard Programme , a new alumni focussed programme. Through the development of varied partnerships, we created opportunities for recent alumni, recognising the challenges many artists face in accessing networks and opportunities after leaving the programme. At OSE, we will continue to share our resources and networks, supporting our alumni as they develop their ongoing careers. In its first year this support included development opportunities such as ongoing mentoring support from OSE•'s programming team, external partnerships, commissions and targeted funded opportunities. The programme is an integral way to ensure OSE continues to support early to mid-career artists to develop and sustain their practices, develop strong support networks of their own, and provide them with a platform to connect to new audiences and peers.

In the first year of this new programme we developed the online Springboard Sessions, where a range of cultural practitioners, artists, and Arts professionals spoke about their work, how artists can access funding or how to find commissioning opportunities.

We had our first partnership with Cement Fields through their new Foundations mentorship programme. As part of the partnership, Cement Fields ring fenced one opportunity for an alumni of the OSE Associate Programme, extending their artistic support and critical development opportunities during the programme.

We also created our first alumni solo exhibition at Gathering, London. As part of the partnership, our alumni artist presented Kiss the Back of My Hand , at GLASSHOUSE, Gathering•'s project space in May 2025.

Fundraising activities

In the 2024-25 financial year, OSE received funding from the following:

Arts Council England as a National Portfolio Organisation

Grants from the following Trusts and Foundations: Colyer Fergusson Garfield Weston Griffin Fund J P Jacobs Kent Community Foundation

And Public funding from: Thanet Community Lotto Grant Fund

FINANCIAL REVIEW

Overview of income and expenditure

Our net income in the year ended 31 March 2025 was £14,784. This compared to net expenditure in the year ended 31 March 2024 was £2,280. The movement was due to strong fundraising, an increase in rental income following a review of rates, and the timings of expenditure in the new two-year cycle.

Reserves policy

The Trustees have resolved to build up financial reserves of up to £70,000. This is to be used as a fund of last resort in the event of an unforeseen financial emergency that threatens the organisation or we are forced to ‘wind up’ our activities. This would provide for approximately 6 months of running costs. This is to be held in a separate bank account and the interest rates earned upon it to be shown in our Charitable Accounts.

Any surplus amount above the £70,000 threshold can be moved into the Charitable Account as Designated Funds, towards specific organisational costs or programme expenditure to be agreed with the Board of Trustees.

This policy is reviewed annually by the Board of Trustees.

Page 3

OPEN SCHOOL EAST (REGISTERED NUMBER: 08396177)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Going concern

OSE is a charity and its Trustees have a duty to consider the operational and financial resilience of the entire organisation. OSEs financial position is reviewed on a monthly basis as part of the preparation of management accounts and cashflow forecasts and is considered alongside our planning processes.

OSE has a strategic risk register in place and any changes to the register are assessed in terms of their impact on our financial resilience. The register enables Trustees to retain a clear oversight of any external or internal factors that are likely to have a significant impact on income and expenditure, which are particularly relevant to cashflow management and our going concern status. The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A strategic risk register is in place and this is reviewed at each Board meeting.

For OSE as a free art school, our ability to navigate appropriately through the current financial context will be crucial; continuing to support our artistic community in a safe and responsible manner, using our finances in the most efficient way possible, whilst continuing to build our supporter/ donor base.

Trustees will continue to review plans with the OSE leadership team to make any necessary changes to our financial plans.

The charity has a positive balance sheet and the Trustees are of the opinion that OSE has sufficient resources in place to meet its liabilities as required. As such, they remain satisfied that OSE can continue to operate and that the accounts have been prepared in the knowledge that OSE is a financially viable organisation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Organisational structure

OSE has a Board of Trustees who meet quarterly and who are responsible for the strategic direction and policies of the charity. In 2024-25, the Board had seven members from a variety of professional backgrounds relevant to the work of the charity, with a newly appointed Co-chair model. A scheme of delegation is in place, and day-to-day responsibility for the running of the school rests with the Senior Management Team, consisting of an Artistic Director and an Operations Director. The Senior Management Team is responsible for ensuring that the charity delivers the activities specified, and that key performance indicators are met.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A strategic risk register is in place and this is reviewed at each board meeting.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08396177 (England and Wales)

Registered Charity number

1154104

Registered office

39 Hawley Square Margate Kent CT9 1NY

Page 4

OPEN SCHOOL EAST (REGISTERED NUMBER: 08396177)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Mrs S Griffin Co-Chair of OSE Board Mr M J O’Shaughnessy Mr O Watson Mr S Kohli Mr S M Causer F Parrott (resigned 6/1/2025) Ms S van Schalkwyk Ms L R Stonock Co-Chair of OSE Board

Independent Examiner

Philip Loveridge Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ

Approved by order of the board of trustees on 20 November 2025 and signed on its behalf by:

Mrs S Griffin - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OPEN SCHOOL EAST

Independent examiner's report to the trustees of Open School East ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Philip Loveridge

Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ

20 November 2025

Page 6

OPEN SCHOOL EAST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
125,327
Other trading activities
3
2,411
Investment income
4
1,559
Other income
5
30,821
Total
160,118
EXPENDITURE ON
Raising funds
5,304
Charitable activities
Associates Programme
61,131
Public Programme
3,229
Civic Programme (including Despacito)
52,107
Springboard Programme
44,643
Total
166,414
NET INCOME/(EXPENDITURE)
(6,296)
Transfers between funds
12
(50)
Net movement in funds
(6,346)
RECONCILIATION OF FUNDS
Total funds brought forward
129,714
TOTAL FUNDS CARRIED FORWARD
123,368		 Restricted
funds
£
27,916
-
-
-
27,916
-
2,607
-
4,229
-
6,836
21,080
50
21,130
1,766
22,896		 2025
Total
funds
£
153,243
2,411
1,559
30,821
188,034
5,304
63,738
3,229
56,336
44,643
173,250
14,784
-
14,784
131,480
146,264		 2024
Total
funds
£
158,020
-
1,378
16,106
175,504
6,530
118,304
23,572
29,378
-
177,784
(2,280)
-
(2,280)
133,760
131,480

The notes form part of these financial statements

Page 7

OPEN SCHOOL EAST (REGISTERED NUMBER: 08396177)

BALANCE SHEET 31 MARCH 2025

Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
10
791
Cash at bank and in hand
132,738
133,529
CREDITORS
Amounts falling due within one year
11
(10,161)
NET CURRENT ASSETS
123,368
TOTAL ASSETS LESS CURRENT
LIABILITIES
123,368
NET ASSETS
123,368
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
22,896
22,896
-
22,896
22,896
22,896		 2025
Total
funds
£
791
155,634
156,425
(10,161)
146,264
146,264
146,264
123,368
22,896
146,264		 2024
Total
funds
£
3,004
133,125
136,129
(4,649)
131,480
131,480
131,480
129,714
1,766
131,480

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 8

OPEN SCHOOL EAST (REGISTERED NUMBER: 08396177)

BALANCE SHEET - continued 31 MARCH 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20 November 2025 and were signed on its behalf by:

Mrs S Griffin - Trustee

Ms L R Stonock - Trustee

The notes form part of these financial statements

Page 9

OPEN SCHOOL EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on the going concern basis as, after making enquiries, the Board of Trustees has reasonable assurance that the organisation has adequate resources to continue in operational existence for the foreseeable future.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

Donations
Grants		 2025
£
18,370
134,873
153,243		 2024
£
13,200
144,820
158,020

continued...

Page 10

OPEN SCHOOL EAST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

ACE NPO
Colyer-Fergusson Charitable Trust
KCC
Kent Community
Other Grants
Roden
Sarah and Gerard Griffin
Weston Jerwood
Garfield Weston
J P Jacobs Charitable Trust
3.
OTHER TRADING ACTIVITIES
Fundraising events
Event income
Consultancy fees
4.
INVESTMENT INCOME
Deposit account interest
5.
OTHER INCOME
Studio Income		 2025
£
91,656
10,000
-
5,000
3,092
-
-
-
15,000
10,125
134,873
2025
£
2,006
155
250
2,411
2025
£
1,559
2025
£
30,821		 2024
£
91,656
-
4,100
-
7,064
15,000
25,000
2,000
-
-
144,820
2024
£
-
-
-
-
2024
£
1,378
2024
£
16,106

continued...

Page 11

OPEN SCHOOL EAST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

6. SUPPORT COSTS

Management
£
Associates Programme
50,276
Civic Programme (including Despacito)
50,276
Springboard Programme
43,096
143,648
Activity
Basis of allocation
Management
Split by size of programmes
Finance
Split by size of programmes
Governance costs
Split by size of programmes		 Governance
Finance
costs
£
£
47
1,757
46
1,758
40
1,507
133
5,022		 Totals
£
52,080
52,080
44,643
148,803

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

9.

2025
Management and Teaching
3
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - YEAR END 2020
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
129,857
28,163
Investment income
1,378
-
Other income
16,106
-
Total
147,341
28,163
EXPENDITURE ON
Raising funds
6,530
-
Charitable activities
Associates Programme
96,788
21,516
Public Programme
21,281
2,291
Civic Programme (including Despacito)
24,440
4,938
Total
149,039
28,745		 2024
3
Total
funds
£
158,020
1,378
16,106
175,504
6,530
118,304
23,572
29,378
177,784

continued...

Page 12

OPEN SCHOOL EAST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - YEAR END 2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - YEAR END 2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - YEAR END 2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - YEAR END 2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - YEAR END 2020 -
continued
Unrestricted Restricted Total
funds funds funds
£ £ £
NET INCOME/(EXPENDITURE) (1,698) (582) (2,280)
RECONCILIATION OF FUNDS
Total funds brought forward 131,412 2,348 133,760
TOTAL FUNDS CARRIED FORWARD 129,714 1,766 131,480
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Prepayments 791 3,004
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Social security and other taxes 3,523 2,292
Pension liability 511 439
Accruals and deferred income 3,302 405
Deposits held 2,825 1,513
10,161 4,649
12. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.24 in funds funds 31.3.25
£ £ £ £
Unrestricted funds
General Fund 69,714 (6,546) (9,800) 53,368
Reserves 60,000 - 10,000 70,000
Consultancy Fees Fund - 250 (250) -
129,714 (6,296) (50) 123,368
Restricted funds
Weston Jerwood 1,766 (1,823) 57 -
Colyer-Fergusson Charitable Trust - 10,000 - 10,000
Kent Community Fund - 5,000 - 5,000
Despacito - 6,744 - 6,744
KCC Straits Committee - 7 (7) -
TDC Lotto Grant - 1,152 - 1,152
1,766 21,080 50 22,896
TOTAL FUNDS 131,480 14,784 - 146,264

continued...

Page 13

OPEN SCHOOL EAST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
ACE NPO
Consultancy Fees Fund
Griffin 2023-2024
Garfield Weston
Restricted funds
Weston Jerwood
Colyer-Fergusson Charitable Trust
Kent Community Fund
Despacito
KCC Straits Committee
TDC Lotto Grant
TOTAL FUNDS		 Incoming
resources
£
38,214
91,656
250
14,999
14,999
160,118
-
10,000
5,000
10,125
791
2,000
27,916
188,034		 Resources
Movement
expended
in funds
£
£
(44,760)
(6,546)
(91,656)
-
-
250
(14,999)
-
(14,999)
-
(166,414)
(6,296)
(1,823)
(1,823)
-
10,000
-
5,000
(3,381)
6,744
(784)
7
(848)
1,152
(6,836)
21,080
(173,250)
14,784		 Resources
Movement
expended
in funds
£
£
(44,760)
(6,546)
(91,656)
-
-
250
(14,999)
-
(14,999)
-
(166,414)
(6,296)
(1,823)
(1,823)
-
10,000
-
5,000
(3,381)
6,744
(784)
7
(848)
1,152
(6,836)
21,080
(173,250)
14,784
(6,296)
(1,823)
10,000
5,000
6,744
7
1,152
21,080
14,784

Comparatives for movement in funds

Unrestricted funds
General Fund
Reserves
Griffin 2023-2024
Restricted funds
Weston Jerwood
Art Fund
KCC Straits Committee
TOTAL FUNDS		 At 1.4.23
£
51,412
60,000
20,000
131,412
-
385
1,963
2,348
133,760		 Net
movement
in funds
£
18,302
-
(20,000)
(1,698)
1,766
(385)
(1,963)
(582)
(2,280)		 At
31.3.24
£
69,714
60,000
-
129,714
1,766
-
-
1,766
131,480

continued...

Page 14

OPEN SCHOOL EAST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
ACE NPO
Griffin 2023-2024
Restricted funds
KCC
Weston Jerwood
Roden Fund
Art Fund
Despacito
KCC Straits Committee
Associate Programme
TOTAL FUNDS		 Incoming
resources
£
30,685
91,655
25,001
147,341
2,500
2,000
15,000
-
6,064
1,599
1,000
28,163
175,504		 Resources
Movement
expended
in funds
£
£
(12,383)
18,302
(91,655)
-
(45,001)
(20,000)
(149,039)
(1,698)
(2,500)
-
(234)
1,766
(15,000)
-
(385)
(385)
(6,064)
-
(3,562)
(1,963)
(1,000)
-
(28,745)
(582)
(177,784)
(2,280)

Additional fund information

KCC = Kent County Council Kent Arts Investment Fund: programme and organisational development funding. RCA = Royal College of Art

ACE NPO = Arts Council England National Portfolio Organisation

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

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