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2024-12-31-accounts

Charity Number: 1158781

ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

(Registered under the Charities Commission for England and Wales)

Financial Statements for the year ended 31 December 2024

ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Legal and Administration information

for the year ended 31 December 2024

Company Number: 08313916
Charity Number: 1158781
Trustees: Miss Sharan Jaswal
Mr Federico Bolza
Mr James Nicholas Emtage
Ms Collette Philip
Miss Nana-Efua Lawson
Mr Simon Marlow (appointed 19thFebruary 2024)
Secretary: Jennie Cashman Wilson (resigned 31stAugust 2023)
Felix Andrew (appointed 1stJune 2024)
Registered Office: Piccadilly Business Centre Unit C Aldow Enterprise Park
Blackett Street
Manchester
M12 6AE
Independent Examiners: Spicer & Co UK Limited
Staple House
5 Eleanor’s Cross
Dunstable
LU6 1SU
Bankers: Barclays Bank
18 Islington Green
London N1 8EH

ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Contents for the year ended 31 December 2024

Page Number

1-4 Report of the Council

ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Trustees Report

for the year ended 31 December 2024

Trustees Report

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in the planning and delivery of our current and future activities.

Our purpose and activities

Our mission is to inspire, connect and open doors to the music industry so that minoritised talent - from young people in schools to emerging and mid-career musicians - has an equal chance to realise their creative potential. We advance the education and training of the public by promoting, fostering and encouraging the knowledge, understanding, performance and appreciation of music and the arts in all their forms.

We design and deliver our programmes to level the playing field for aspiring musicians from minoritised backgrounds to build a sustainable career in the music industry. From their very first time playing in a class ensemble, right up to headlining a critically acclaimed venue, we seek to remove systemic barriers so that the next generation are equipped and inspired to pursue their music careers. We make progress towards our mission through two core programmes:

Key Achievements and Performance

2024 was a year of strategic transition following the departure of our founder and previous CEO, Jennie Cashman Wilson, in 2023. In June 2024 we welcomed Mercy Welbeck, our new Creative Director and Joint CEO. Mercy undertook a review of our Career Development Programme in her first six months developing a 3-year strategic vision for the organisation and the redesign of our career development offer. Together with interim Executive Director Oliver Carruthers, Mercy oversaw the growth of our Future Sound programme, which was redesigned in 2023 following feedback from partner schools and pupils. With a new pedagogy written by music education specialist Adam Saunders, designed to improve accessibility for young people with no prior experience in music education the programme grew from delivery in 3 schools in 2023 to 8 schools in 2024.

House of Jazz

In March we delivered our second House of Jazz event, this time hosted in the Worshipful Company of Saddlers’ at Saddlers’ Hall in Central London. The night featured performances by Career Development programme alumni Sans Soucis and Emma Johnson. Also supporting the lineup were five jazz musician students from London’s Guildhall School of Music. Through ticket sales, an auction, and sponsorship the night successfully raised more than £10,000.

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ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Trustees Report

for the year ended 31 December 2024

Programme Delivery

Future Sound

Outcomes for Future Sound participants are:

1. Musical

2. Personal

3. Social

Career Development Programme

In 2024, we supported 22 artists and Musicians through:

An opportunity to perform at We Out Here Festival. We held an open call competition for emerging musicians to apply. Two winners were selected by a panel which included AW Ambassadors Sans Soucis, Ashley Henry and Reuben James. The two winners, 10:32 and RYBES, joined Career Development alumna Emma Johnson and her band the Gravy Boat on the stage at We Out Here. This provided a paid platform for artists at one of the UK’s most prestigious Jazz, Soul, Electronica festivals, with over 15,000 attendees.

Delivery of 2 days of training and 2 further days of support for 10 musicians employed as workshop leaders for Future Sound.

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ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Trustees Report

for the year ended 31 December 2024

A workshop for artists to learn about pitching to festivals, led by a member of the We Out Here production team and by Oliver Carruthers, a highly experienced artistic consultant, with a background as a festival and venue programmer and Director.

Outcomes for our Career Development Programme are:

Fundraising and Financial Review

We are especially grateful to our funders for supporting our work during this year where fundraising continues to be competitive across the sector. Our heartfelt thanks go to:

Income generation additionally included earned income from the Co-op Academies Trust and individual donations from our pool of wonderful and committed supporters. Thank you.

Our financial year closed with a surplus of £21,112 (2024 £23,022 deficit).

Governance and Structure

Abram Wilson is a registered charity and company limited by guarantee. Our board of trustees meets quarterly, providing oversight on finance, risk and programme strategy. In 2024, we began a process of board renewal and skills audit. We welcomed one new trustee, Simon Marlow to the board, to broaden our strategic capabilities in finance and risk management. Trustees undertook training in safeguarding. We remain committed to inclusive and representative leadership across our team and board.

Our Partners

We continue to benefit from a network of professional musicians who are employed by us as workshop facilitators and school partners who share our mission. We are grateful to all these people who make our programmes possible.

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ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Trustees Report for the year ended 31 December 2024

Communications and Public Profile

Newsletter subscribers base and social media followers were maintained across all platforms. Our monthly e-newsletter consistently achieved an open rate of around 50% demonstrating a high level of engagement from among our supporters. In September we were selected to participate in Stronger Voices, a 6-month training course for not-for-profits in the equality sector run by the Media Trust. The insights gained from the course will inform a new communications strategy, set to be developed in early 2025.

Plans for the Future

Looking ahead to 2025, we are focused on sustaining an outstanding and impactful Future Sound programme, ensuring stable and sustainable finances as we navigate an extremely challenging fundraising environment for arts organisations, designing, Beyond the Mix, a new career development programme for minoritised emerging musicians while remaining rooted in community need. To support this, we have recruited an Executive Director who joins Abram Wilson in early 2025. Our priorities include:

We are setting intentional participation targets in line with our mission and values. At least 50% of our Future Sound participants will be minoritised by race or class and we will collect data on the interaction of these two characteristics. Our target cohort for the Beyond the Mix pilot will be 8-12 musicians 100% minoritised by race or class, with 75% racially minoritised, and 25% minoritised by both.

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ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Independent Examiners ’ Report to Abram Wilson Foundation for Creative Arts

Year ended 31 December 2024

Independent examiner's report to the trustees of ABRAM WILSON FOUNDATION FOR CREATIVE ARTS ('the Company')

I report to the charity trustees on my examination of the accounts of the Charitable Company for the period 1st January 2024 to 31st December 2024 which are set out on pages 3 to 8.

Responsibilities and basis of report

As the charity's trustees of the Charitable 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.

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Suzanne Spicer FCA Spicer & Co UK Limited Staple House 5 Eleanor's Cross Dunstable Bedfordshire LU6 1SU

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Date: .............................................

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ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Income and Expenditure Account

for the year ended 31 December 2024

Notes
Income and endowments from:
Donations and legacies
2
Other trading activities
3
Total Income
Expenditure on:
Raising Funds
4
Charitable activities
Total Expenditure


Net (Loss)/Profit


Total funds brought
forward
7
Total funds carried
forward
7		 Unrestricted
Funds
£
90,868
31,123
121,991

2,397
89,589
91,986
 Restricted
Funds
£
75,588
5,000
80,588

5,000
84,481
89,481		 2024
£
166,456
36,123
202,579
7,397
174,070
181,467		 2023
£
168,878
35,402
204,280
1,031
226,271
227,302
30,005 (8,893) 21,112 (23,022)

32,635		 26,705 59,340 82,362
62,640 17,812 80,452 59,340

The notes on pages 7 to 10 form part of these financial statements

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ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Statement of Financial Position as at 31 December 2024

Notes 2024 2024 2023 2023
Current Assets £ £ £ £
Debtors 5 6,715 1,041
Cash at bank and in hand 97,167 67,840
103,882 68,881
Creditors
Amounts falling due within one
year		 6 (24,430) (9,541)
Net Current Assets 80,452 59,340
Total Assets Less Current
Liabilities		 80,452 59,340
Net Assets 80,452 59,340
General Funds
Unrestricted income funds 7 62,640 32,635
Restricted income funds 7 17,812 26,705
Total Funds 80,452 59,340

These financial statements were approved by the Committee members below on behalf of the Committee on 28[th] May 2025.

COON

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C Philip (Chair)

The notes on pages 7 to 10 form part of these financial statements

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ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Notes to the accounts

for the year ended 31 December 2024

1. Accounting Policies

Basis of Accounting

The Financial Statements have been prepared under the historical cost convention, and in compliance with United Kingdom Accounting Standards, including FRS 102 (The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland) and the requirements of the Co-operative and Community Benefit Societies Act 2014.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount received for services rendered, net of returns, discounts and rebates allowed by the society and value added taxes.

Grants

Income from grants are shown as amounts actually received. Income from grants for assets are shown in the year received, where the assets are purchased in the same year. Government grants are recognised when there is reasonable assurance that the entity will comply with the conditions attaching to the grant and the grant will be received.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2. Income from donations and legacies

Donations received
Grants received

 Unrestricted
funds
Restricted
funds
2024
2023
£
£
£
£
9,641
55,109
64,750
62,529
81,227
20,479
101,706
106,349
90,868
75,588
166,456
168,878

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ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Notes to the accounts

for the year ended 31 December 2024

3. Income earned from other activities

Fund raising events
Other activities for generating funds

 Unrestricted
funds
Restricted
funds
2024
2023
£
£
£
£
20,000
5,000
25,000
2,934
11,123
-
11,123
32,468
31,123
5,000
36,123
34,402

4. Expenditure on other trading activities

Fund raising events

Debtors
Prepayments and accrued
income		 Unrestricted
funds
£
2,397		 Restricted
funds
£
5,000		 2024
2023
£
£
1,031
1,031
2,397 5,000
2024
£
6,715
6,715		 7,397
1,031
2023
£
1,041
1,041

5. Debtors

6. Creditors: Amounts falling due within one-year

Trade creditors
Accruals
Deferred income

Other taxes and social security

Other creditors
 2024
£
6,097
1,500
15,100
594
139
24,430		 2023
£
8,041
1,500
-
-
-
9,541

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ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Notes to the Financial Statements for the year ended 31 December 2024

7. Movement in Funds-Current Year

Unrestricted
Restricted
Total		 Balance at
01/01/2024
Incoming
Resources
Outgoing
Resources
Balance at
31/12/2024
£
£
£
£
32,635
121,991
(91,986)
62,640
26,705
80,588
(89,481)
17,812
59,340
202,579
(181,467)
80,452

Movement in Funds- Previous Year

Unrestricted
Restricted
Total		 Balance at
01/01/2023
Incoming
Resources
Outgoing
Resources
Balance at
31/12/2023
£
£
£
£
54,965
132,676
(155,006)
32,635
27,397
71,604
(72,296)
26,705
82,362
204,280
(227,302)
59,340

Page | 10

ABRAM WILSON FOUNDATION FOR CREATIVE ARTS

Notes to the Financial Statements

for the year ended 31 December 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations received
Grants received
Other trading resources
Fund raising events
Income from other activities for generating funds
Total incoming resources
EXPENDITURE
Charitable activities
Cost of direct charitable activity
Other expenses
Other trading activities
Fund raising event costs
Raising donations and legacies
Consultancy fees
Advertising and marketing
Subscription, cultivation, travel and entertaining
SUPPORT COSTS
Management
Management
Staff costs-wages & salaries
Staff costs- social security costs
Staff costs- other
Insurance
Governance costs
Accountancy fees
Legal fees
Motor and travel expenses
Total resources expended
Net (Deficit)/Surplus		 31.12.24
Unrestricted
Funds
£
9,641
81,227		 31.12.24
Restricted
Funds
£
55,109
20,479
75,588
5,000
-
5,000
80,588
60,974
-
60,974
5,000
5,000
-
92
-
92
-
10,000
-
12,900
-
22,900
-
-
515
515
89,481
(8,893)		 31.12.24
Total Funds
£
64,750
101,706
166,456
25,000
11,123
36,123
202,579
73,642
1,309
74,951
7,397
7,397
24,000
357
239
24,596
16,830
16,000
59
33,989
957
67,835
1,860
37
4,791
6,688
181,467
21,112		 31.12.23
Total Funds
£
62,529
106,349
90,868
20,000
11,123		 168,878
2,934
32,468
31,123 35,402
121,991
12,668
1,309		 204,280
85,241
4,887
13,977
2,397		 90,128
1,031
2,397
24,000
265
239		 1,031
29,600
1,638
5,439
24,504
16,830
6,000
59
21,089
957		 36,677
25,751
48,152
2,101
14,968
494
44,935
1,860
37
4,276		 91,466
6612
30
1,358
6,173
91,986		 8,000
227,302
30,005 (23,022)

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