ARTS BRIDGE CHARITY
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
Charity RegistraBon No: 1158002
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY
Charity Reg. No: 1158002
Registered Office: 15 Lauriston Apartments Ambleside Close London London N17 6FF
Directors:
The Charity’s Trustees during the year to 31[st] May 2023 and to date were:
Yolanda Vazquez – Chair (interim) Amelia Henderson Tarnia Mason Yuchen Zhang
Independent Examiner AntoinneXe Kudjoe-Flood Community Accountants Ltd 111 Harbour Way Folkestone CT20 1NA
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
TRUSTEES ANNUAL REPORT
Structure, Governance and Management
The Charity is consMtuted as a Charitable Incorporated OrganisaMon and adheres to a FoundaMon Model ConsMtuMon .
Trustee recruitment is in the following stages:
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Discussion within board meeMngs about addiMonal skills needed on the board which would be useful in supporMng ABC’s development.
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Compiling a list of contacts who possess these skills.
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InviMng contacts to observe a board meeMng.
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Follow up meeMng with the chair to discuss their interest in becoming a trustee.
The trustees have had regard to the guidance issued by the Charity commission on public benefit.
ObjecBves and AcBviBes
The objects of the CIO are:
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To advance educaMon for the benefit of the public by using the performing arts to educate pre-schoolers and school pupils in England, with parMcular focus on those living in poverty.
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To advance the educaMon of teachers in the use of the arts as a means of educaMng by providing conMnued professional development support to enable them to develop their skills and build their confidence in this area of teaching.
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To promote learning for pleasure by people no longer in full Mme employment in England, with parMcular focus on those over the age of 65 years, through conMnued development of their individual capabiliMes, competencies, skills and understanding of the performing arts.
Summary of Main AcBviBes
During the accounMng period, Arts Bridge Charity (ABC) were involved in our first professional theatre producMon and tour. We also delivered our first completely remote community project. As well as our first nature/ environment focused art project.
Root to Rise
Arts Bridge was awarded funding from Arts Council England to deliver an intergeneraMonal, arts-based nature project from July 2022.
Children, elders, local arMsts and gardeners collaborated to regenerate the gardens of a residenMal care home (Protheroe House, N17) into a vibrant creaMve hub. Learning about the environment, taking part in nature craf workshops and developing their creaMvity through fun workshops.
The project had two strands:
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RenovaMon - RenovaMng the gardens and outdoor spaces of a ToXenham care home.
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CreaMon - SupporMng the elders and local children to explore their creaMvity.
RenovaMon:
Two professional gardeners collaborated with residents to rejuvenate the outdoor spaces of the care home. Weeding, designing and planMng to creaMvely showcase the gardens. IniMally the residents were going to take on a
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
TRUSTEES ANNUAL REPORT (cont.)
consultant role for the gardening - leaving the physical labour to the ABC team - but they were so keen to physically take part that the residents were invited to help with light gardening acMviMes.
CreaMon:
Nature craf pracMMoners led sessions during which the elders made various items including: bird feeders: ornaments made from dried flowers and fruit; Christmas wreaths using real plants. They also learnt about composMng.
A local spoken word arMst delivered poetry workshops for the elders. The poems created in these sessions and the items created in the nature craf sessions provided the sMmulus for local children to creaMvely respond to - e.g. through dance, physical theatre, poetry, drama etc.
The project culminated in an informal sharing of work for an invited audience of friends and family in the garden of Protheroe House care home. The sharing took place as part of a garden party, which saw the children perform their devised piece whilst residents, friends and family enjoyed refreshments together.
Wellness Warriors 2023
Funded by Mayor of London’s Building stronger Communi0es Fun , ABC delivered a rollout of a project we first piloted in 2021.
Developed as a way to support children during the COVID-19 UK lockdowns, the first iteraMon of Wellness Warriors was a totally remote, 6 week project in collaboraMon with Welbourne Primary School, N17.
Working with the children of key workers who sMll had to aXend school, the weekly, 30 min sessions aimed to give children the tools to understand and idenMfy their emoMons and then develop a ‘wellbeing toolkit’ of acMviMes that they could draw upon to regulate their moods. Providing them with a safe space to talk about their emoMons during a Mme when they might be too scared to do so in fear of adding more stress to the adults around them and empowering them to manage their mental wellbeing.
Although the ethos of the project remained the same, the rollout saw the project change is some significant ways.: These adaptaMons were in response to changing circumstances, allowing the project to have an even greater impact.
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DuraMon - the project was increased from 6 weeks to 12 weeks.
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Session duraMon - increased from 30 minutes to 1 hour.
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LocaMon - the sessions changed from being remote only to taking place in person at Chestnuts Primary School, N17.
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ParMcipants - the pilot involved working with 6 x Key Stage 2 children but the rollout involved all Year 3 and Year 4 classes at a 1.5-form entry school. Totalling 90 pupils.
Anecdotal feedback from class teachers reported a significant improvement in pupils wellbeing and interacMons at school - more cohesive interplay, being able to work in different groups without conflict and less instances of pupils ‘acMng out’ or ‘acMng in’.
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
TRUSTEES ANNUAL REPORT (cont.)
Now that this new in-person format has been developed, Wellness Warriors will now conMnue to be a key offer for ABC going forward.
Windrush 75
To commemorate the 75th anniversary of the arrival of the SS Windrush from the Caribbean to the UK, ABC was commissioned by Bernie Grant Arts Centre to deliver two community projects - Windrush Portraits and School Takeover.
Windrush Portraits:
ABC partnered with Bernie Grant Arts Centre and ToXenham photographer, Steve Bright, to create a series of portraits of local Windrush GeneraMon elders.
100’s of people responded to a call out looking for local elders to be involved in the project. Afer reading their stories, the applicants were whiXled down to 14 people.
They were invited to a shoot day at Bernie Grant Arts Centre during which they:
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had their hair and makeup done by a professional makeup arMst.
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-were interviewed about their reasons for coming to the UK and the harsh realiMes of life when they arrived.
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Took part in a professional photoshoot.
The images of the 14 elders were displayed in the foyer of Bernie Grant Arts Centre alongside images of the elders from when they first arrived in the UK and audio recordings of them sharing stories about adjusMng to their new lives. The elders were invited to aXend a VIP gala event at Bernie Grant Arts Centre for the opening of the exhibiMon.
Windrush 75 Schools Takeover (20th & 23rd June 2023)
ABC delivered Windrush workshops to every Chestnut Primary School class group - from Year 1 (4-5yrs) to Year 6 (10-11yrs).
Firstly, Years 3, 5 and 6 came to Bernie Grant Arts Centre and took over the building for the day. 180 pupils came to the Centre and took part in a carousel of Windrush-themed arts acMviMes using all the spaces available at Berne Grant Arts Centre. The workshops delivered covered the following specialisms:
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Singing
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Storytelling
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Dance
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Drama
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Physical Theatre
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Spoken word
Then, the ABC team went to Chestnuts Primary School to work with Years 1, 2 and 4 (180 pupils). Throughout the day, each class was visited by an ABC pracMMoner who delivered a Windrush-themed workshop - receiving 6 workshops in total.
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
TRUSTEES ANNUAL REPORT (cont.)
Upcoming projects:
Pajoma/CollecBve (formerly ‘Access All Areas’)
ABC has received funding form Cockayne FoundaMon and The Woodward trust to create a youth theatre company.
‘Pajoma’ is a Swahili word meaning ‘inclusive/collecMve’.
Pajoma/CollecMve is an innovaMve new project for ABC uniMng d/Deaf, Disabled and non-disabled (DD&N) young
creaMves from !hard-to-reach"#communiMes, 18- 25yrs, to form a young people"s inclusive theatre company, specialising in integrated theatre meaning the access elements are woven into it.
Receiving masterclasses from industry professionals from similar backgrounds, training, guidance and creaMve freedom to develop a fully-integrated theatre experience for d/Deaf and visually impaired theatre goers. InvesMgaMng the aestheMcs of access, the young creaMves will work with audio describers, BSL interpreters, capMoners as well as directors, choreographers & writers to devise an exciMng, bold accessible theatre piece.
Pajoma/CollecMve will create a new generaMon of creaMves empowered with the skills to make creaMve access a key element of their future work. This 16 week project has four phases:
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Phase 1 (April 2024) - Workshop audiMons
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Phase 2 (June) - Exploring creaMve access
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Phase 3 (July) - Theatre-making / Rehearsals
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Phase 4 (August) - Performances & Q&As.
Bernie Grant Arts Centre (BGAC) and world-renowned Almeida Theatre will support ABC to promote Pajoma/ CollecMve to local youth / community groups in areas with high poverty, low income families & a high percentage of Black, Asian and other ethnic minoriMes. Graeae, Deafinitely Theatre, D-Live and Stagetext - all d/Deaf and disabledled arts organisaMons - have confirmed their support and will help to recruit d/Deaf and disabled young creaMves.
An external evaluator will assess Pajoma / CollecMve’s impact and the recommendaMons in their report will provide vital guidance for future iteraMons of the project which will be an ongoing key offer from ABC across communiMes.
Achievements and Performance
Root to Rise
Project outputs:
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40 elder community members will parMcipate in 4 x 1 hour nature craf workshops
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There was a 250% increase in this figure - with the elders parMcipaMng in a total of 14 hours of nature craf workshops from July 2022 to January 2023.
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80 children will parMcipate in 4 x weekly, nature-themed arts masterclasses.
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
TRUSTEES ANNUAL REPORT (cont.)
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A total of 78 children aXended the masterclasses.
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10 elder community members will parMcipate in 5 hours of outdoor gardening acMviMes supported by a professional gardener.
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There was a 170% increase in this figure - with 27 elders parMcipaMng in the gardening sessions. The care home had been conservaMve with the predicted numbers as they had concerns with how many elders would cope with / be interested by the physical exerMon. However, there was a huge interest.
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15 children will perform in 2 x site specific performances within care home grounds.
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There was a 13% increase in this figure - with 17 children in the site-specific performances.
Project Outcomes:
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20 children will be able to express knowledge about and understanding of environmental issues.
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Post-workshop feedback from pupils showed that this figure was 95% (76 children)
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20 children will see an improvement in attudes towards elderly people and their community.
Post-workshop / post-project parMcipant feedback forms, anecdotal feedback from parents and ABC pracMMoners reveal that 55% (44 children) demonstrated improved attudes.
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20 care home residents will see an improvement in their attude about how they are perceived by young people and their community.
- Post-project parMcipant feedback forms, anecdotal feedback from care home staff and ABC pracMMoners reveal that 64% (26 residents) have demonstrated improved attudes.
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20 care home residents will feel less lonely / isolated within the community as a result of the project.
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Feedback from elders revealed that 84% of those involved (35 residents) felt less isolated as a result of taking part in the project.
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In our original applicaMon to Arts Council England we stated that ‘RtR is designed to empower parMcipants. Instead of feeling isolated or disconnected by these turbulent Mmes, they can take ownership over how they respond to external stresses - proacMvely creaMng a welcoming safe space for them to play, connect and explore their creaMvity. Quality looks like all RtR parMcipants having an enriching experience that allows them to discover hidden creaMve depths, feel connected to their local community and empowered.’
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With this criteria in mind RtR was a highly successful project as it surpassed all of these overall aims.
Wellness Warriors 2023
- We engaged with 90 Haringey primary school pupils aged 7 - 9 years old.
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
TRUSTEES ANNUAL REPORT (cont.)
The parMcipants and their class teachers:
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Anecdotally reported increased self-esteem and confidence as a result of the project.
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ParMcipated in 12 x creaMve wellbeing workshops led by ABC.
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Developed an understanding of the ‘zones of regulaMon’
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Created a ‘toolkit’ of wellbeing acMviMes that they can use to regulate their emoMons.
Windrush Portraits
We engaged with 14 Windrush GeneraMon elders and their families. The elders involved in the project:
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Experienced their first professional photoshoot including professional makeup arMst.
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Featured in their first professional exhibiMon.
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Received jpg images and professionally printed hard copies of their images.
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Connected with other black Windrush GeneraMon elder residents of Haringey.
Anecdotal feedback from visitors to the exhibiMon revealed a greater sense of respect and compassion for the Windrush GeneraMon elders. Anecdotal feedback from parMcipants highlighted a renewed sense of pride in their achievements and a boost in self-esteem afer seeing their portraits displayed publicly.
Schools Takeover
The schools takeover saw ABC engage 360 pupils aged 4 - 11 years old.
Each pupil:
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ParMcipated in 6 x 1 hour Windrush-themed workshops.
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Explored each of these specialisms:
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Singing
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Storytelling
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Dance
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Drama
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Physical Theatre
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Spoken word
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Used the arts to learn about the Windrush GeneraMon, develop compassion for their bravery and celebrate their legacy.
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
TRUSTEES ANNUAL REPORT
Financial Review
In 2022-2023, the charity engaged in more acMviMes compared to the previous year. The chariMes acMviMes were financed mainly by grants and donaMons. Income was increased to £19,696 compared to £11 in the previous year. Expenditure was also higher at £17,980 compared to £2,035 in the previous year resulMng in a surplus of £1,716 compared to a deficit of £2,024 in 2021-2022.
Reserves Policy
Arts Bridge Charity’s reserves policy states that reserves of £2500 are required due to the following:
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a) The risk of unforeseen emergency or other unexpected need for funds, e.g. an unexpected large repair bill or finding ‘seed-funding’ for an urgent project.
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b) Covering unforeseen day-to-day operaMonal costs, e.g. employing temporary staff to cover absence.
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c) A source of income, e.g. a grant, not being renewed. Funds might be needed to give the trustees Mme to take acMon if income falls below expectaMons.
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d) Planned commitments, or designaMons, that cannot be met by future income alone, e.g. plans for a major asset purchase or to a significant project that requires the charity to provide ‘matched-funding’.
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e) The need to fund short-term deficits in a cash budget, e.g. money may need to be spent before a funding grant is received.
For the 2022-2023 financial year, the charity met its reserves target.
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
STATEMENT OF TRUSTEES RESPONSIBILITIES
The charity's trustees are responsible for the preparaMon of the accounts in accordance with the terms of the ChariMes Act 2011 and the ChariMes (Accounts and Reports) RegulaMons 2008.
Notwithstanding the explicit requirement in the extant statutory regulaMons, the ChariMes (Accounts and Reports) RegulaMons 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best pracMce and prepare the accounts according to the FRS 102 SORP (Statement of Recommended PracMce for AccounMng and ReporMng by ChariMes) 2015, (as amended by the BulleMn issued in February 2017), (The SORP).
In parMcular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to:
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Prepare the accounts in accordance with United Kingdom Generally Accepted AccounMng PracMce (United Kingdom AccounMng Standards and applicable law).
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Select suitable accounMng policies and apply them consistently.
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Make judgements and esMmates that are reasonable and prudent.
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will conMnue in business.
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State whether applicable accounMng standards and statements of recommended pracMce have been followed, subject to any material departures disclosed and explained in the financial statements.
The law requires that the trustees must not approve the accounts unless they are saMsfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounMng records which disclose with reasonable accuracy at any Mme the financial posiMon of the charity and which are sufficient to show and explain the charity's transacMons and enable them to ensure that the financial statements comply with regulaMons made under the ChariMes Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevenMon and detecMon of fraud and other irregulariMes.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relaMon to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. DeclaraBon
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Full Names Amanda Bright PosiBon CEO Date 10 January 2024
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report on the financial statements of Arts Bridge Charity for the year ended 31 May 2022 which comprise the statement of financial acMviMes, the balance sheet and the related notes. These financial statements have been prepared under the historical convenMon and the accounMng policies set out therein.
RespecBve responsibiliBes of trustees and examiner
As the charity’s trustees you are responsible for the preparaMon of the accounts; you consider that the audit requirement of secMon 144 (2) of the ChariMes Act 2011 (the Act) does not apply. It is my responsibility to:
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examine the accounts under secMon 145 of the Act
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follow the procedures specified in the General DirecMons given by the Charity Commission under secMon 145(5) (b) of the Act; and
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state whether parMcular maXers have come to my aXenMon.
Basis of Independent Examiner’s Report
My examinaMon was carried out in accordance with the General DirecMons given by the Charity Commissioners. An examinaMon includes a review of the accounMng records kept by the charity and a comparison of the accounts presented with those records. It also includes consideraMon of any unusual items or disclosures in the accounts, and seeking explanaMons from you as trustees concerning any such maXers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those maXers set out in the statement below.
Independent Examiner’s Statement
In connecMon with my examinaMon, no maXer has come to my aXenMon
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1) which gives me reasonable cause to believe that in any material respect the requirements ▪ to keep accounMng records in accordance with S 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounMng records and to comply with the accounMng requirements of S396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended PracMce: AccounMng and ReporMng by ChariMes.
have not been met; or
- 2) to which, in my opinion, aXenMon should be drawn in order to enable a proper understanding of the accounts to be reached.
Date : 10 January 2024
AntoinneXe Kudjoe-Flood BA MAAT 111 Harbour Way Folkestone CT20 1NA
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
STATEMENT OF FINANCIAL ACTIVITIES (SOFA) INCLUDING THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2023
| OR THE YEAR ENDED 31 MAY 2023 | |||||
|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total funds | Prior year | |
| funds | income | funds | |||
| funds | |||||
| £ | £ | £ | £ | ||
| Incoming resources | 2023 | 2023 | 2023 | 2022 | |
| Income and endowments from: | |||||
| DonaMons and legacies | 18 | - | 18 | 11 | |
| Charitable acMviMes | 4,478 | 15,200 | 19,678 | - | |
| Total | 3 | 4,496 | 15,200 | 19,696 | 11 |
| Resources expended | |||||
| Expenditure on: | |||||
| Charitable acMviMes | 2,076 | 15,904 | 17,980 | 2,035 | |
| Total | 4 | 2,076 | 15,904 | 17,980 | 2,035 |
| Net income/(expenditure) before investment gains/(losses) |
2,420 | (704) | 1,716 | (2,024) | |
| Net gains/(losses) on investments | - | - | - | - | |
| Net income/(expenditure) | 2,420 | (704) | 1,716 | (2,024) | |
| Other gains/(losses) | - | - | - | - | |
| Net movement in funds | 2,420 | (704) | 1,716 | (2,024) | |
| Reconcilia<on of funds: | |||||
| Total funds brought forward | 4,395 | - | 4,395 | 6,419 | |
| Total funds carried forward | 6,815 | (704) | 6,111 | 4,395 |
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
BALANCE SHEET AS AT 31 MAY 2023
| Notes | 2023 | 2023 | 2022 | 2022 | |
|---|---|---|---|---|---|
| £ | £ | ||||
| Current assets | |||||
| Cash at bank and in hand | 6 | 20,502 | 15,795 | ||
| Total current assets | 20,502 | 15,795 | |||
| Creditors: amounts falling due within one year |
7 | (14,392) | (11,400) | ||
| Net current assets | 6,111 | 4,395 | |||
| The total net assets of the charity | 6,111 | 4,395 | |||
| Restricted funds | |||||
| Restricted Funds | - | - | |||
| Unrestricted Funds | 6,111 | 4,395 | |||
| Total charity funds | 6,111 | 4,395 |
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
1. ACCOUNTING POLICIES
These financial statements have been prepared under the historical cost convenMon, in accordance with AccounMng and ReporMng by ChariMes: Statement of Recommended PracMce applicable to chariMes preparing their accounts in accordance with the Financial reporMng Standard applicable in the UK and Republic of Ireland (FRS 102) (effecMve 1 January 2015) – (ChariMes SORP (FRS 102)
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(b) Items of income are recognised and included in the accounts when all of the following criteria are met:
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The charity has enMtlement to the funds.
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Any performance condiMons aXached to the item(s) of income have been met or are fully within the control of the charity.
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There is sufficient certainty that receipt of the income is considered probable.
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The amount can be measured reliably.
Income received in advance is deferred unMl the criteria for income recogniMon are met.
The charity received grants in respect of its acMviMes. Income from grants are recognised at fair value when the charity has enMtlement afer any performance condiMons have been met, it is probable that the income will be received and the amount can be measured reliably. If enMtlement is not met, then these amounts are deferred.
Other income includes income earned from events and acMviMes to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when enMtlement has occurred.
Investment income is included when receivable.
(c) All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised when there is a legal or construcMve obligaMon to make payments to third parMes, it is probable that the seXlement will be required and the amount of the obligaMon can be measured reliably. It is categorised under the following headings:
(d) The Charity has not prepared a Cash Flow Statement for the year as required by FRS 1 because the Charity has relied on the exempMon available for small undertakings.
(e) Fund AccounMng Unrestricted funds are funds which can be used in accordance with the charitable objects of charity at the discreMon of the Trustees.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discreMon to set aside to use for a specific purpose.
Restricted funds are donaMons which the donor has specified are to be solely used for parMcular areas of the Trust’s work or for specific arMsMc projects being undertaken by the Trust.
(f) Debtors and creditors receivable/payable within one year
Debtors and Creditors with no stated interest rate and receivable or payable within one year are recorded at transacMon price. Any losses arising from impairment are recognised in expenditure.
2. GOING CONCERN
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainMes exist.
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
ACCOUNTING NOTES
| 3 | INCOMING RESOURCES | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| DonaMons | 18 | - | 18 | 11 | |
| Charitable AcMviMes | 1,434 | - | 1,434 | - | |
| Total | 1,452 | - | 1,452 | 11 | |
| Charitable income from | |||||
| funders | |||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Grants | |||||
| Arts Council England | - | 12,000 | 12,000 | - | |
| Greater London Authority | - | 3,200 | 3,200 | - | |
| Peabody Community | |||||
| FoundaMon | 2,044 | - | 2,044 | - | |
| The Woodward Trust | 1,000 | - | 1,000 | - | |
| Total Grants | 3,044 | 15,200 | 18,244 | - | |
| Total Incoming Resources | 4,496 | 15,200 | 19,696 | 11 |
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
4 EXPENDITURE ON CHARITABLE ACTIVITIESDIRECT SPENDING
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Project Delivery | ||||
| Consultants | - | 15,249 | 15,249 | 200 |
| Venue and MarkeMng | 402 | - | 402 | 402 |
| Total direct spending | 402 | 15,249 | 15,651 | 602 |
| CCOUNTING NOTES (cont.) | ||||
| Support costs for charitable acBviBes | ||||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Administra<ve overheads | ||||
| Sofware | 392 | - | 392 | 347 |
| Insurance | 275 | - | 275 | 222 |
| Sundry | 407 | 655 | 1,062 | 263 |
| Total support costs | 1,074 | 655 | 1,729 | 833 |
ACCOUNTING NOTES (cont.)
Other Expenditure - Governance costs
15 Lauriston Apartments Ambleside Close London N17 6FF E: info@arts-bridge.co.uk T: (0) 78900 13830 www.arts-bridge.co.uk Charity RegistraMon Number: 1158002
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Independent Examiner's fees |
300 | - | 300 | 300 |
| ReporMng Accountant fees | 300 | - | 300 | 300 |
| Total Governance costs | 600 | - | 600 | 600 |
| Total Resources Expended | 2,076 | 15,904 | 17,980 | 2,035 |
DIRECTORS' EMOLUMENTS AND EXPENSES
A total of £Nil (2022: Nil) was paid to the Director Amanda Bright during the year.
ACCOUNTING NOTES (cont.)
| BANK | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Cash at Bank | 20,502 | 15,795 |
| CREDITORS | ||
| 2023 | 2022 | |
| £ | £ | |
| Accruals and Deferred Income | 14,392 | 11,400 |