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￿r*S01k Cyl
Tr*stees' 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 t*oiects for rttotbets with yow¥ thildT¢n.
Our Silcni Lullaby Project (ame to a thi5 yrar. a¥J ￿ will be &veiopinE next s*ps 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 Inwestm<fftt Review bid
w¢l¢ome news. It wll allow to C5tsblidJ sknMJ8 Wi5ati(Md for ow work. to expand our
acros5 N¢W, tsk¢ a prrmxive 4nYo3th to suptA)rting the Newprt ¢vrnm￿lty. In J8nuary 2023
Beth Hous¢ l¢ft the cOmp￿Y after Nvo y￿S in ro]c of F￿tartI¥£ ProdLW, and thc tr￿S[teS *¥>uld likc to
thank Beth for all the enew and exputise th¢ brow to Op¢r45(mi¢. Ill F¢l*uary 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 emp*hy. 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 prtrplaM*d 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 gr*ful 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 A550ci*ion 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 Unlimi*d
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￿ SckKK*l
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 fouTMl*ii)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 r*llilic4 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 t*W aThJ thlivcry.
(hrity R¢gtswiort Number.
Regi*eMI O(fK¢.'
Sui*O.6
NPI97AA
Hazell ￿*ve
Newwrt
NPIO 8FY
Uhity TrLUt B**
9. Biindky PJ8¢¢
B1211B
Pa8e6

Oper*gonlt 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
D*ni¢llt Rowl*th. Ftsethrtive 28 Feknry 2024)
Fjrnna Edw￿. Pmj¢d Mmgu{aFP)irta 29Juty 2024)
Nrtthre oJgovemi#8 do¢¥wryl
Op*ros0*i¢ 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 tru*ee5 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 Tegul*iotis. 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.
R*JpMslbllitks *•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
P*e io

StatMtDt of Aclivilits for the Yur Ended S Aprll 2024
On¢ludlDI IAcome •Dd Eip¢lldltMr¢ A¢¢oym¢ a•d Slxlem¢nt ofTot*l 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••¢ili*tioA 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}
B*l*K¢ Sbeet a5 al 5 April 2014
2024
2023
Tangibl¢ &ur*S
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
Tot*1 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 theirtr*half 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 Thanci*l Statements for tbt Yar Ended 5 Aprll 2024
I Ch*rlty status
Th¢ ch*ity 1$ lirlitrd by 8w*ttee. 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
S1*t¢#￿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 4*ity 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 st*temE•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 ￿ ¢h*ity Ftfore the
th*ity 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 i*xh 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
L**ity 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 c*1rg￿bk
Page 14

Cyf
Notes to the Fina•dAI Ststements for the Ye*r 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
Tr*Je 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¢¢¢iv*i¢&
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 retlrt*t•t •bliR*li•
ntributio￿% arc paid In￿ a t￿￿10￿ bjnd ￿ the charity has w legal or wnsknK*iv¢ 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•l*l
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 ft*r th¢ Yw Ended S Aprfl 2024
5 •f goverb￿re •md syp•rt c•yts
Support ¢wts *UM*trd to
Adthtslrnthx Tot*1
2•24
Totsl
2023
Costs of gcneraling &Jn*1￿**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
DeprEci*ion 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 E*ded S Aprll 2024
9 T•x*tloD
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 v*l¥¢
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
B*kntte 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