2024-04-05-accounts

Cwwy le81strati￿ numE¢r.' 09327941 ¥ity regis￿ion n￿be[.. 1166121 Operasonic Cyf {A lithitrd by th¢ Ye4T FJ*d 5 Awil 2024 HSJ Accowknuts Limitcd S¢vem Ho Hazell Driyc NPIO 8FY

Crfmtemts Ito9 10 12 lJto21

oper￿￿￿ Cyf financial 5tatemcnts of thc Ch¥1￿¢ fQThFqny forth¥y¢ ¢¥thd 5 Aryil 2024. Obi¢¢ts and oim5 To advance ethIc￿lon for th¢ pthiir ir￿fil lry of the arts. in Dot ¢xdusively uper4 In surn￿ 2021 the ¢atrK TOBCtkr rtvi¢w of tht Vi8ion. mtssioTh ￿ value4 and a150 gin a revisKY¢ of tk cutrcnt 1x]sin￿ The p￿￿esS was kd by ￿lsUIt￿l Philip FI￿￿ fmm Sout Con￿¢¢10n5. Tr￿Stee￿ cotLsidcrtd tht ￿Tk have bcen xross the kn few yeaTS aThl the dirtction th th¢ charity shwld proceed in. It was cle4r w ail tru51e¢s the fol￿ SI￿ld bc our local ¢unm￿lty and t ¢xt b￿]nts9 pian th)￿d corK¢nlrntc on ￿lIding a PTD8rme of ￿1vIty offcrs regular PTovision and de￿lOp$ a SIN￿ rou for mw¢ IrtN¢W￿ Vi8iOn livin& working or aTrivir¥ in oyr ¢ity tlwj are a welc¢Jme and valual pt of Newrt life atd of Wclsh Cuhw Mission Our misshjn 1$ to crelte oprrfjthilits ftr pwje to we thr cr¢ivc Stsri¢s and ¢d¢brat¢ th¢ir How we do our w(vk Wc t¢li¢ve crEativity i5 alKttw li8￿. It en8bles aThl 3gew. aTKI to think diffcT¢nily be diveTse wrnplex l(xal L¥Mn￿￿ity. We w￿t nb￿51¢ to E¢ th¢￿ kn ¢v¢ryfm¢ in Comm￿￿ty - to give voice. to tell Sknries ￿ bc joyfvl. ￿ bc emotio1￿1. w bc kxMI ryoud. (wnisation. we caru￿1 l)av¢ li¢d exwiemce of every coN¢xt we WOTk in. We plEd8e io offcr autkniic

Theory ofchwe • Panicipants have incT¢&xd literacy atKI oracy skilL% • PartiCiFqnts knve in¢¥¢ased s¢n3e of the trAt Ilw li¥¢ i Porticipants have in¢Te&sd musiul and LTeatiYc skill • The local frcclan¢¢ w)￿r(￿¢¢ is i￿¢4$¢d IKth in the quality Orthe￿ delivery • h&8 I￿reased f￿anCIal re5illu￿ ￿ #ability • Participants hav¢ IMI￿Ved ￿111 •¥J skilb

0￿rS01k Cyl Trstees' Rtprt Key O[¢r￿n]¢ projectsiklivercd this >T • Gypsy StsT5 ChoiT. sifjgin8 and da￿e forthe Romafomrnwuty iTrNewwK¢ Workthops with Roma teeJL% explorin8 fjlllsic A prinwy ¢hoir proi¢¢t in a lo￿ scljyjl • The Gam¢ OFtrn Film apk¥itiE rugby irta kKal ￿bY Ch￿ a￿1 with a FrerKth ¢[￿mble • Canu Caswvydd. a WeLslL dKJir woie • We¢kty music cr￿lon for Homele55 and Vulwably Nc • Newrmjrt Lu]l&by Projects • Silent Lullabi¢s . R¢s¢¥r¢h •Thl wiiect cenwing f￿111t5 with a Dcwf rn¢rnb¢r in thc lullaby process. • Oper&8onic Cohort A¢tivty. d¢Vd0￿Cnl 0ppX￿rni￿ foryoww &)uth Wales • Brake4 Beats and Skwa d¢liv¢r¢d New Cardiff • Trip to th¢ RESEO c(x]fv¢￿ in BriglLt • iiccru1trt￿th ofa new Exttutivt PmduccT & the thyd0￿ o(an lrfcm rok This year ￿ cxpwthj Work beyord WaJe8 bJiidiTh8 a p1rt￿￿shIP with ersemble in FTanr¢. httve ¢x)ntinued ￿ deliver weekly sts5ions for I¥)rn¢1￿ •JKi wJD¢rnbly-1￿wj pw?14 have relauncw tyjr Welsh law¢ cknir. •TrJ thv¢Ioped(Mwi￿ Lullaby toiects for rttotbets with yow¥ thildT¢n. Our Silcni Lullaby Project (ame to a thi5 yrar. a¥J ￿ will be &veiopinE next sps for our music wyjrk with the Dldeafcommwllty inNv4pm oYtT the ￿ ye. Nwvp)rt with ow Gypsy Stars Cl)ir S￿￿¥T111n8 with Tw the esthblishmem of a Roma Intern within the organi5ation. expiDTIII8 a r8rt8C Practice including working in wly yrms ¢ontrXW rnan8girbg wellkin& bilin8ud pra￿lce. athd safeguardin& Membef5 of the colujrt gkn a trip to the RESEO conftr¢ncc in Brigh￿￿. and visiia the Festival D'AIX in of Fran¢¢. cO￿)rt WCTC SUPWbrtal to subrnil ¥rt application to the Britisb CowKil for a Wales Fwan¢e project which SLK(¢Ssfv1ty fimjded. We alyo withd with Universrty f South Wales w deliver Se55i4yJs 35 FArt of thcir Creative Hub PTOieCL 8ivinB 40 young tthplc ￿ insight into Pknerships have been cnjcial to rhe delivcry of &￿j¢¢ts this year and our work in the NeWp￿t a)mmunty is always dcF¢nd¢nt on the many So￿1L8 thi￿ sethr part￿S a]so see the Eemefit of musi [￿OjeCts. our arts F4Ttntys m$ South Walts th¢ FKlWU ofrnllatoration. FTOM 01wilsatw￿al t￿P￿tlY￿ the surxtss o(w Tr¢cnl Affs CIN￿tIl Waks Inwestmuld likc to thank Beth for all the enew and exputise th¢ brow to Op¢r45(mi¢. Ill F¢luary 2023 Dartielle Row18nd5 W& pDinltd &$ Beth's $ucce5yor. Danidl¢ Joi[￿ tk Ri¥erfrtth Theatre and she iYin85 with hcr wealth Orkr￿WIcd8¢ th¢ Nei4wrt tlxamthity.

contexts and with difftmt o)mmuniues in Newpjrt. We on benEf￿lITIeS 8ainin8 ￿￿tIve i¢ncu •md music skills as well a% d¢v¢lopDg ￿Ela1 eITh￿l0￿￿ skil]s fo￿￿, anmuon ¢￿troL emphy. eThrrtion81 w¢iaJ problem solvin8. Lyitical thinking aNI ronfidu]cr. We 8Lw work Th2 trI￿tee$ confirn) that Ily h•vc g)mpli¢d with the rewim￿ts 4)fseaion 17 ofthc (Jwitiu Aa 201 I to v¢ ts ttgard to the pthlir b¢tKfit g￿d3￿ce by thc (Jwity Commi55ion for En8iaNI ond Wak& 2023-24 stats 83 early crnr musicians attCTh1i￿ sessions xross the ycx 30 singer5 5Lw￿rttd to SID8 ll) Welsll 32 musi¢ s¢s$L0￿ with Roma wtiEipaNs 9 mwic sessions with Dld¢3f fwnili IM)rn¢ of £fXI,185 (weviows £1 10.889) fillthl an opu8t1￿8 &ficit of1£42.589) (previo￿ year. surplus £29.8lOI. The re[￿aInIng dcfKil of £15,323 uKlwJes prtrplaMd in the exp￿￿10￿ of thr dwitys #•ff SL￿￿rta pJann¢d Of1￿ WWts8nd suviccs fri¥n A￿1 2024 on ope￿￿1¢¥ reserve5 sts￿d at £11211(UDrt￿ £27M7 (W¢Styi¢J the year-eThl It is one of our key al]￿ 80in8 forward rcsuv¢s in pl¢ to eovtt arty sknrtfall of fi￿n8 and th d¢Sivw can cominue in this ¢YMtslllity foT 2 Weaim to Ix)id at lea1t£S.(thand￿ mote th*) £15.OiKI. P4y4

Trntees, Report OJxr&8onic is ¢xtremdy grful to the folknwir4 partsm gnd fwth5 this yw.. Anth¢m. Music Wales ArTr)Id Cl8tke ConM￿lty tknT Arts CowKil w￿¢$ Athley Fwrrily Ftsuttdat Bithlale Founthai British Coujcil Comic Relief Community Fo￿NIa(H Commw)ity Hou54 Ewn Ro•1 Didymus IY(tyly Carte CThsrit4bk Tn￿¢ Eden Gal¢ Gwcnt A550ciion of Voltsnw Orgmisations Gw¢nt Educ￿10￿ Mir￿1￿￿1¢ Suvicr Gi¥￿t High Sheriff Fw Local Giving Llisw¢ry Hi&h SdJtKTrI Maind¢¢ Primary S¢1￿￿1 Maindee Unlimid Mill¢nniurn Stadi￿￿ ClwitsbkTnBt ¢iono1 Low Awards for All Newport CtyJKil Newwrt live & Th¢ Riw¢rfrorA Ttr Newpjrt Fwion Pfojetl N¢wtrf>rt Musucm Art Gajluy Nthvport Participatory BudgdirtR Newrt R￿11]￿1 ComtnuDities Rin8iarKI Prim￿ SckKKl Sh¢d Theatse The Plxe The W￿11￿ Ty C¢TthI versity ofsouth Walc Urban Circk Weslem Power Distri￿￿]0￿ Ysgol Gw￿1 Pl•ns for future pEri• Alm5 ffjid¢y ￿/&r￿N￿reNt￿l¢rfI Folbwing thesuc¢ethl 0￿￿[￿¢ of th¢ Arf5 CO￿11 Walu It)ve¥unuM Review wocess the ap￿IntMent of OUT tKw ExcciMiv¢ Prod￿. Op¢rnwthi¢ will thydop and bjild rn0￿ profts5iOn81 supwwt around th¢ )mpany to slrenwh¢n our fouTMlii)n& Fthknsing Will FK a major and th¢ pkn io build Stronger

Next ytsr 0￿10￿¢ will f(￿ on cmivJdin¥ xssions. d￿lF Fyoiffls aDd for developtilg artists. We wll be d¢v¢lopinR fiwthet prnjtu with the diff¢r¢N wmmuniti¢s w¢ y)rk with itxluding the Roma ronunututy. fwdrar rllilic4 vulttr&ly Ib)wcd l¥)m¢ko p￿￿1P9￿￿ We plan Therewill be new projc¢ts thvcloF¢d with the LcBTQ￿(￿rnU￿ty. expkYin8 wellbein& dtYelopin8 a new opcrn for wly y￿, SNI I(￿lA8 at how ￿ c4n cr¢•t¢ proiuts¢xpknI￿ e¢ok81￿1 issue& These pro)￿¢￿]11 Id kn tW aThJ thlivcry. (hrity R¢gtswiort Number. RegieMI O(fK¢.' SuiO.6 NPI97AA Hazell ￿ve Newwrt NPIO 8FY Uhity TrLUt B* 9. Biindky PJ8¢¢ B1211B Pa8e6

Opergonlt Cyf Tr￿, Rew)rt Tr•steeJ •ifKeTJ The and offi￿￿5 J¢rvin8thrin8 theyew aThIs1￿ the y#rend were as folltsws.. Ttu#ees.' R C Huichi S Mahabir O T (4¥￿¢￿1 5 2024) JTwker{4wirtryJ 5 2024) CT￿ J N Voyit Dni¢llt Rowlth. Ftsethrtive 28 Feknry 2024) Fjrnna Edw￿. Pmj¢d Mmgu{aFP)irta 29Juty 2024) Nrtthre oJgovemi#8 do¢¥wryl Opros0i¢ Cyf was forll*d as acomF4ny limiKd 2&hNov•nbtr 2014 and a registered chriry on 18th March 2016. Th¢ Gharity 1$ l¢d by a iy)ard of mJMees I direct￿ throuRh a pthlic tcciuiimcnt PffKCs& All lees give theirtime voluntsrily rexive from the chariry. 8ularty wd&ted ski115 wdiL

0￿ra￿niG h&5 a nLrnbUof￿IKieS in pIX¢￿ s￿￿￿the ￿1vIll¢S ofthe ¢knity wlith reviewed ye8￿811y by th¢ B4)¥d of Tru¢teeJ.' . ChiM PTo¢¢¢tion Poli . Equal Opptsities Policy . Equality and Eyl Policy - EnviwoTMth¢tt￿ Poliry . Wclth Lw Policy ploymenL The truee5 Iwlx) 8r¢ 9150 the dir￿￿1$ Cyf for thc pxpMc5 of mpthy Iw) ore reswible for Stand8rds Iunibj Kingdom G¢naaity Ac£cOul Accowuin8 p￿1¢¢) applicablc law w¥J Teguliotis. The small compani the trusttts m￿1 Mt apwve the f￿￿181 swcm¢nts unk55 tky ￿ satisfied th¥ th¢y 8ive a fair view of the 3tate of affairs of the chwitsblc of its in¢4)mihg applicatin of te5our￿3. requitedw.. tknitsble ¢OmF4ny'S fran￿lOn$ and disck)sc with rea%onabl¢ any iti￿¢ the f￿￿la1 ￿sitIon of the d￿LIable com]w and ¢nBblc thcm to cnspx¢ the fuwcial compty with Ihc COME￿￿1￿ A

Operasonit Cyr Trnst¢es' Report SA￿11 provision rt•¢¢wt Thr aDJ5￿1 rep￿ apwov*J by tr¢h•ity 9 (k#thr2024 and $ipA iLq bddfby: C H￿In

ImdepeDdent Reprt ¢0 the tr•sttts of 0￿￿OnIC Cyf rihe Comp•Dy") 2024. RJpMslbllitks •d b•gkn •f rtp•rt As thE chariry's trustee5 of the (and also its dir¢£kY5 for th¢ puy)ses of rKJrnpmy law) you are rusyjnsible for the ofthe in with tr¢ of fv Comp)ies Act 2006 ('the 21K)6 Act,?. Havin8 satisf￿d rnysdf that thB of (¥uxoni¢ Cyf &¥¢ requtrtij ￿ be undu ￿ 16 of th¢ 2W6 Ath aT¢ ¢l1w￿l¥ fff examtt￿ I r¢FKxt in Ir&p￿% ofmy cxarnination ofyour cltafiry's ts ¢ani¢d out sedion 145 of thc (hrities Act 201 I {'thE 2011 Act.). In canying Out my 2011 AtL l. acC(￿nti￿ rvwTh15 kryl in r¢5￿￿ Of0r￿a￿l¢cyr as reffjmrnj by scrfiw 386 oftk 2006 A 3. the &) not C4)mply with tt¢ rewire￿ of 396 of thc 2006 AL4 oth¢r than 4. thc have D)t beets P¢PArttl iti xtordallce with th¢ mrtl¥xls winciples of thE Ststcrnellf of tr¢tsnd (FRS 10211. Mr Andrew Hill FCCA ACA BFP ACCA Haztll Drive NP108FY 9 (ktob¢r2024 Pe io

StatMtDt of Aclivilits for the Yur Ended S Aprll 2024 On¢ludlDI IAcome •Dd Eip¢lldltMr¢ A¢¢oym¢ a•d Slxlem¢nt ofTotl R¢¢ognlsed Galns and iA)s8es) Xestritted Totsi Incom￿ fr•wL DonatiorKs I￿1¢$ 25.576 Totsj inc•me 25.576 90,185 Charitable activili 44989 7.785 132,774 Totsj cxwth'tur¢ 44.989 87.785 132.774 (19.413) (23.176) (42.589) (15 323} (27,266) (42.589) 26.604 14 11281 27.447 38.728 N•te Income lxd Ertd•vrnwxts fr￿. Donalions and kwi¢s 39.888 71.￿1 110,889 39.888 110889 Ewditure ••: Charithble activlli 37,722 81.079 Tolal cwdiknre 43J5 7.722 81.079) (3.469) 33279 29,810 (3.469) 33.279 29.810 Rtt••¢ilitioA of h•ds Total fijnth for*wd 21.434 51.507 14 2&fA)4 81,317 All ofth¢ tharity'$ aL#iVitie• thrive from thv¢two perwd5. Th¢ fvtyjs breakd￿ for 2023 is 14. Th¢ p4¢5 13 to 21 fonu partofthrs¢ fiT￿￿la1 Page 11

IRqiitrntlon mwnbtr. 09327941} BlK¢ Sbeet a5 al 5 April 2014 2024 2023 Tangibl¢ &urS C•rrut sxts io 204 27Z 5.6J2 2228 12 39.8 87,467 13 ,374 422 38,524 81.045 38.728 81.317 Fu•ds ￿1￿¢ ￿￿trI￿ed 27,447 54.713 urttestrl¢￿ fwmls 11281 38.721 26.604 Tot1 f••ds 14 81.317 For the fin￿ciaL ye 4>M￿n8 S A￿1] 2024 thc chvity W adi¢l￿10 ex￿1￿ fmn wjdit se£tion 477 of Com￿]<5 Act 2(th T￿￿1n8 w small L¥xn The mttThbcrs h￿¢ ￿1 the dmrity to an 4wJii of ity the y¢ ih ID accordwL¢ewith settion47(' •xl . Th¢ directors ath￿WIt￿t their tesbN)rtsil)ilitics f¢xcvmplyu% with th¢ orth¢ Ad with rt4Kd subject kn thc 5rndl ¢4)rnpanies regime wrfhin Part IS of CompAnie5 Act 2￿. 2024 and sifftl on theirtrhalf by.. RCH Trustee The Mte8 on r•ge$ 13 ￿ 21 f(ffm ￿ irtewi ￿lo(thuS¢ fw•Kiai stakncnts. P4e 12

Oper•so•ic Cyf Notrs to the Thancil Statements for tbt Yar Ended 5 Aprll 2024 I Chrlty status Th¢ chity 1$ lirlitrd by 8wttee. ID wa￿ a￿1 c￿￿e￿IlY does rx)t FAve sFwe capiul. Each of the tr￿lee8 is liablc to cortrilmrte an Tr)t cxtte￿ £1 tovnrd5 the of the djarity in thE eV￿t of liquidation. The th55 ofi¢s T¢BiJlard offi¢¢ Suite 6.6 CJ•M¢¢ Pknce Newwi NP197AA 2 Aet•¥ntill¥ p•llciE S1t¢#￿t of towlOAAtt The firwKial havt been prcpvd in with Ac0)￿171￿& and Rq￿ing by (¥itics.' Stakmeni of RccomDKThJed P￿￿1¢¢ lappliublc kn tharilits thcir accO￿ts in acrordHn¢e with the Financial Rewrting &wndard wlicabk inthe UK Rcpthlkc of ITEland (FRS 102)) (issued in Octol%r 2019) - (Chariiies SORP IFRS 102)). tht Fir￿￿la1 Kq￿ing Stsndard applic&bl¢ in the UK aTh] K¢public of Irdw (FRS 102) and the CoDwies Act ￿. BAJIS •f Pr4￿rat1 Oper￿n1¢ Cyf meets th¢ dermi1￿ of th ￿thI1¢ iKn¢fit 4ity w¥kr FRS 102. Assets liabilili¢s AT¢ initi￿lY Tht trLtstees COJL%ithr there arc Tw) Tnatuial unrgrtwntiC5 al￿J¢ the ¢hrrity5 abilbty to C4Mli￿je 85 a goi concern nor significant areas thc ¢aTryir4 ofwels hdd ty the ¢h¥rity. Exemption frow pr¢p¥tknz sttemE•t Thc charity op(¢d ¢0 eaAy adopi Bylldin I p¥blish¢d on 2 Feixw 2016 •¥1 have th¢refor¢ t￿t irt¢lyded a c•sh All Incl￿ is reco￿Ls¢d on¢c thc ha5 ertitljwé to the iNom4 it 15 probabk that th¢ ¥ncomc will E¢ received ar¥J the amourt of the uK4)rn¢ T￿1¥•bI¢ b¢ meaAw¢d reliaNy. Py13

Notes to the StstrA¢•ts fw Year EAded S Aprll 2024 In th¢ event that a donatioTr is subject to ¢WdItia￿ that requiK a leve] of wjrc￿I•ncC by ￿ ¢hity Ftfore the thity 1$ ¢kull￿ ￿ the th¢ defetted rA)t recwuxd urtil ¢ith¢r those i¥JndiLiotts are fijlly or the fillfiknfnt of tl¥)s¢ ¢￿diti￿ ij wl¥)lty with¥1 tk<￿￿DI of thE thtrity and it is pmbknleth th¢s¢ conditions will b¢ fi￿fil￿A in Cnnts are rt￿￿1$ed the cth¥ity h35 an to the and any conditioffj linw to the grants Faiod for whithx it h&8 been re¢eivd. ir(Th¢ i defeNe41 wheo.. A]I cxw￿l￿Are is rccoBnNed theff is a legal or cons1￿ve obligwliTrn to eX￿￿1th￿. it 15 wobgbl¢ settkmem is rrquiTrd •thl the nount C4n tELi. All (xpst$ 8re 8llocated kn the Wiuble P9rticuiar headin88 tky ha￿ bc¢n ailwttsl M a b&%is t￿nsistenI with th¢ v5¢ of r¢soytts. with ¢e￿traI Costs allocated on thc b9515 of 5pcnL ￿ thprecialion alhGat¢d on the ￿niOn of ￿ asset's its bcnefjtiaries. It irKludts ixh costs th¥t be directly to swh xgivili¢s •tsl those costs of an STAPP)rt ¢••ts Support Ir￿l￿de ¢eNral fi￿Ctio￿ JwJ1ov¢ b¢¢n all{￿d to xtivity cosl categ()ri¢5 ￿ a FA5iS COtUi8t& The charity is LYSDxidered to the testa #¢1 in I S(th 6 of thc Act 2010 T4 th￿¢(orC li meeL% the defmition of a charithle for UK o)rpJration l&X puryw¢s. A¢ti)rdin￿Y, the Lity is WIt￿IallY cxano taxation it) rew of incoThe or wital reccived withhn cate8ori¢5 Lyjvefftsl by ChaNcr 3 Part I l of the Tax 2010 or 256 of the T￿￿10￿ of c1rg￿bk Page 14

Cyf Notes to the Fina•dAI Ststements for the Yer Emded 5 Apiil 2024 T￿lIb￿ ssots Deprtciation is provided on fixed a55¢ts 50 45 lo off th¢ or v•]UaEl￿ Iw ￿Y esEimated residual vaha ovutheir cxtKrtcd life as folk)wk" FIXtw￿ fittiny and quip￿¢￿1 25%Ted￿lftB bajance Trade TrJe debtors are recwisal tnitia]ly at the ¥r￿￿tiOn Pri￿ TIKY are stheqwntly at •mOrfi8ed ¢ost U5in8 th¢ ¢ffrttiv¢ interest less pmvi5ion lor IM￿l￿1¢nI. A I￿vis￿n for the Itnpairm￿I of trwje d¢btots is eslablished WI￿ therc is ¢vidert¢ th¥ ¢dwity will Mt b¢•bie to o)Ilttl amourts due aG¢oYdiThg to the original of r¢¢¢ivi¢& CAsb rash ¢q•lv•iats C&sh and cash quivaialts mrrfis¢ on IMr•J (all depMii4 othcr 51xYtwm lllghly li4uid invc5tments rndily cthi¥eAib]e h) 8 kTr)wn ofr&th 4r¢ to ￿ in5ignifK•n¢ risk of cjw iti v81ll Fumd the obiectivcs of th¢ ¢h•rity. is restricted to that rrtaor pwwsL Pem5i••¥ •lb¢r pmt retlrtt•t •bliRli• ntributio￿% arc paid In￿ a t￿￿10￿ bjnd ￿ the charity has w legal or wnsknKiv¢ obligation to pay furth¥ ¢Qntribwiorts even if thx5 not l¥)Id su(fKient JLucts to pay au anpknytss the tthefiL8 rel&titi8 employee ser¥ice in thccurr¢rt prior Pagc 15

Notrj to the Fiu•¢d Statew•ts for the Yar EAded 5 Aprll 2024 ds T•ll 2•24 T•tAI 2• and le8xie5" Donati￿￿ from individL Grnttts. Incl￿th￿ upital 64.609 90,185 .185 110.389 25J76 110.889 4 Espeodthre M eh4Tit4bie •thill T•tsl Trfal 2023 Gexr41 N•te l4JJl 70268 45J79 91 21.916 Staff costs Alio¢wed 18.027 l7J(M) 35.527 9,977 2.516 17 5260 1,433 2,586 132,774 44.989 87,715 81.079 Pa8¢ 16

Not&8 to the Flllamcial StstcTh¢Ats ftr th¢ Yw Ended S Aprfl 2024 5 •f goverb￿re •md syp•rt c•yts Support ¢wts UMtrd to Adthtslrnthx Tot1 2•24 Totsl 2023 Costs of gcneraling &Jn1￿I le88¢ies 5260 M¢thod of ll•£ll T•tsl T•tAI 2•23 2.258 328 1258 328 1.433 Profrssiotia] fees 2.586 2.586 1.433 6 N¢t rewuf Net (0￿80]￿11￿0jnlTr￿ Tesourcu forthc yw ind 2•24 l(U3 DeprEciion of fjxed &￿ets 68 91 7 Trusts¢S r¢x¥¢r&ll• exptw* y¢ar. P88e 17

Notes to the FI￿￿¢￿1 Stst¢Dx•ts for the Year EAded S April 21ll4 stsff w¥ts 1023 Stsff eosts d•rixi tkn ye•rvett: 35271 28.720 150 46 SOCI￿ s¢¢wity c4>5LJ 256 35.527 28,916 2•24 2013 PrnmotionofArts Pa8cIi

N￿eS to Ihe FITr￿1￿ Statements for the Eded S Aprll 2024 9 T•xtloD 111 Tant￿1￿ f￿¢1 i¢ts T•tsl Cost Al 6 Aryil 2023 At 5 April 2024 At 6 April 2023 Charge forthe year 792 69 792 69 At 5 April 2024 861 861 Net book vl¥¢ At 5 AFrfiI 2024 Ai 5 Awil 2023 204 204 273 273 11 Deb¢or5 2023 Trad¢ d¢btors Prtpoym¢nts 15(Kl I,r2D 408 5.632 ￿28 12 a•d eq•inle•ts 2•13 h*boDk 34266 85.239 Pa8¢ 19

Note8 lo Ib¢ FIB•meM Statements for the Yew EAde415 Aprll 2024 2•24 2023 Pcosion s¢hall¢ u&Jitor J6 1215 62 1290 5.070 374 6.422 2023 2024 Def¢￿ed iwome 416 Aryil 2023 (5.070) (5,070) 5,070 5.070 14 F•Dth Bkntte al 6 BA]a•c¢ al 5 Apnl2•23 ¢zp¢•W Tr￿ Apr112(124 25576 IM.989) Rosirkted fwds Colb)rt C•mu C•s {450) (8.OM) (1.8W) (9,8521 (20.fKA) (IIOJ4) {4.923) (15,370) (5.4921 (1,$56) {l50} 250 8.650 1,525 13.172 3.7&) 378 .347 1.088 Silcnt L l9J57 Oypsy Sws Roma T¢¢rLs Luil&bies Cr¢ativc Hub5 Projed B Othu woj¢¢is 16.160 (s￿) 4.7 244 10,130 582 5ffi32 (5.632) (3349) 4.431 2.451 5.569 54.713 87.785 81.317 l32,n4 38.728

Notrs lo tke FiJJaD¢ial Statemtllts for the Year Ended 5 April 21ll4 BAIAmee At 5 April 1011 12•22 eX￿Aded Cor¢ 30.073 39188 (43.357) Cohort CAMI Cas 14.928 {6.684) 12.026) 14.478) (15,023) 20) (3,719) (4.700) (875) 1302 8.244 990 4.962 19,3S7 189 941 4.7LX) 3.016 Silertt L IQ074 24J06 1709 fjypsy Stars LuJlabi¢s Creative Hth Projcd B 72IKI 875 7.J96 362 9,698 5,632 T•tsl rtsttkted 21.434 37.722 54.713 51 J07 110,889 81,0 81,317 Total #t SApr 2024 Tat)Bible fixed ￿5r 204 39.898 l.374 28.617 .374 CuNenl liabiliti¢s Total nct a¥e I l28l 27,447 38,728 U•rutvitttd T•tsl fu•d¥ •t SAPT 2023 G¢•ETJ] T￿gible fix¢dassds 272 60,￿j 6.422 272 87,467 6,422 CuTrent liabilili Total net a¥ets 26.604 54.713 81.317 P4e21