Compan!. registration numkr.. 08329?05 Charli) regi5tTation nurnb¢r.' 11672.58 BACKLIT LTD IA compan!, limi￿￿ b). guaran￿￿.) Annual Rerx)rt and Financial Sthi¢m¢nts f()r Year Endthj 31 MiwLh 2()23 C.iimmunit)' ALlX)Ufttirtg PILLS lJniis l & 2 Nonh Wcsi 41 Talbot Street NottinghaTn NCII icjl. BACKLIT LTD Contents Reterence and Administrdiiie Details TTU5t¢¢s' Report 2to7 Independeni L¥aminerfs Re￿rt Statement of Financial Aciii'ities 91010 Balan¢e 8h¢ei Niil¢s l(1 lh¢ FinanLial Siutements BACKLIT LTD Reference and Administrative Details Trustees Laurd-Jade Vaughan Craig Chenle Alekngndcr Jo%'cie-S&s Ande￿n. Tr￿￿llrer Josh Pickering Dr Teresa Forde Jai. Fla￿15 Rokrta tjeaiiie 15mail Khokon Dr Isobel LI￿0b Se¢retAry Alexander Jovcic- Senior MAn*gement TeAm MJithcM' C.hL￿nO'. l)irecior u/￿￿Tre CJ()IdL'n. l)epui) l)irecior Charity Rtgi5trAtion P4urnber 1167258 Company Reglstratlon Number 08329205 Re%lstered Office Ni)Iiinbiham Ni)iiin8hdm5hire N(13 lJ(i Independent ExAminer John ()'14rien. cmplo)cc or C'(Immunill- Aiix?unLin8 1)Iu5 I,'nii% l & 2 Ni)nh Il'L'S1 41 SirL*I Noiiingham Ncil 5CpT. Page I BACKLIT LTD Trustees, Report The trustees, w'ho are directs)rs for ihc purp)ses of compan!, laM'. present the annual rcrrf)rt Logether with the tinancial statements ol-the charitable compan!. lor the l'ear erbded 31 March 2023. Trustees and officers The trustees and ofticers seTrin8 during the year and since ihe )'ear end Mere as follom's.. Trustees: Laura-Jade Vaughan Craig Cheule AILKtindLY Jo%'¢ii-S&s Susthn And¢rson. Triwur¢r Josh PiLk¢rin8 lapwini¢d 8 D¢¢em￿r 20221 Dr Ter¢sa For(l¢ lapFrf)ini¢d S D¢¢'¢mb¢r 20?21 Ja% Ilarris lapwinted ¥ DeceM￿r ?0221 Ro￿rts Brdlii¢ laprx)ini¢d 8 December 20221 Ismail Khokon lappTrinted ¥ l)ecemkr 20221 l)r 1s()k.I l.'Isiob lawA)in1L￿ 8 IXYLynbLY 20221 Abid Qd)um (ap￿inE¢4 8 I)ccem￿r 2022 wid r¢Si￿ned 2 1)eLL'mk.r 21123 l>hilip IInx)k￿%lL'phL￿￿)Tr. Chair IrLsi8ncd 29 Junc 20231 liallanl. VILX. C-hoir IrL5l8nL￿ l April 20231 Muii Ilall IrislynL￿ 8 1)LYLrntK'r 2U?21 l.aurn l-.cliharn Ircsigncd 29 Junc 21)931 l)anicl Poolc IrLSigncd ?9 Junc 20231 Structure• %overnAnce rnana%ement ,Naiure tpfgoverning "I"hL ihariiN is a Li)mpani limitl￿ by guarantee and regislcred charil).. li is O￿ated undcr ihc rulc5 of its mcmorandum and 4rticlc5 01. as50cialion dalrd l ? DLr¢Mt￿r ?{11 ? and ￿[X)￿ rcrcnilj aml'ndcd 12 MaN 2016. It hds n(i %hdrL Idpiial IhL' liJbilii%- 4)f idLh M¢m￿r in th¥ ¢i-¢ni (Trf ii-indin8-UP ib limiwxl LtTr £1. Recriiilmenl andappoinlmenl ollruslee5 "Ihc charli> iJLntiliL5 thL nLcd lor nLl¥ Irustcts. Thi5 is duc to i'acancies that haie ariscn ihrough rcsignation5. or it may be that el151ing trusi¢e5 haie decided thal on¢ or rnor¢ neil" tru51ees li ith 5pKcific Skills are needed help run the rhari¢J more ¢ff¢c¢is'elJ". The irusiee% a8ree i%hai skill%. e.K￿r1enLe and kn4)i%ledoe ore needed. The senior managemeni itrdm wriie this dowm in thc form ofr'a Shon job description and per￿n spcciticaiion. Th¢ tTUbt¢¢s agr¢¢ re5ryinsibiliti¢s and a pr(KY55 f(ii rtsruitm¢ni and ensu￿ tha¢ th¢ ¢h¥itTr ciimpli ￿1th the speLifiL requirements set oui in the ILS g()ieming IknL'umeni. Page 2 BACKLIT LTD Trustees, Report The trusiecs consider ihc ￿st Meth￿1$ ot allraciing a dii'erse rdngc of &gndidatrs ￿1th ihc skills thc charit), needs. I'his includes adi'ertising in ihe local andloT Spti-ialisi press and using Irusiee netii"ork's. Sl)ort-lisling and inteTh'ieII5 take place againsi agreed criteria. InleTh ieivs are carried oui bi" a small panel of iru51ees. and each Lan(liLl￿7lt 15 ￿￿k¢(l sirnilar 4u¢s1iL)ns enSUTe a fair (IbjeL11It appr(Ixh. N(Il¢s ure k¢pi of eJLh ]ni¢￿'1¢w. Prelerred candidates are ideniifjcd and in%'iied io join the tnjsiecs. subjeci ts) references. fornial K'etiin8 and appro￿.a1 b) the lull trusiee knard. ObJt¢tlveg xtthvltles Objects llims To adiiillLI' LdLILation in th¢ li¢lds of %'isug1. ¢wa¢ii'¢ and applicd ans b) the esthblishm¢ni and maini¢nan¢c of an ￿irt gallL Tr and in partiLular Ihc proi'ision uf siudiL)s and galleries ￿h¢re art may be practised. crcatLd and LxhihitLd p￿>￿1￿￿. an aL￿L￿Si￿1L publiL pri)8rdmmL l)fL'xhibLI4)nK ￿[k% and L'l'LnL% f£)r dLfvL'f*L' JudiL'nLI'%. -1 i) wiirk Llii.%Lly with thL II)Lal TLsidLnt% Jnd LX)mmunii)' 8r()up% i)fN()Iiin8ham C'iiN. and thL l..a5l %idL aTLa5 1)r l Ann'5 and Sniinton IC'rcaiii'L Vuartcrl. "r() work" in partnLT%hip i%'ith thL unii'cr5ilic5 and culturnl F￿nerS lo cmi*d public workshops. critical dchaie and nL¢N¥iirk"in8. Lrlating a ILgJi>' ¢0 pro8tammc ¢iints. 'lThi5 pJx)i"idcs a 14idLr (IprK)rtunily li)r publi¥ dLhalc, hri)adLn% our aud1enLL￿ I partlLipanLS and encourag0$ 8raduaies ￿ I￿Ome re%ideni sludio rnLmhcrs at EIACKLI"I. • To manaBC a ￿￿lUn1¢￿r und intcm5hip pro8rnmmc proi"iding iocaiional C1￿1CncC and fir5l-hand cxpcricncc in thc art5 licld. M'c aim lo altTacl a ii.idc range of F*ople from diffcTcni back"ground5 and dilTcrcnl ugcs. the majorit} of iihiih ivould not oih¢nYi5e gd lh¢ oprK)rtunili". RL¥ional rcLLnt 8raduaies and emergin8 artists make up the majoriiN of BACKLIT'S audiences and partilipanls. BAC KL TT bcing a venuc Ihat olTcrs coniinucd Icarning and noi" elpcricnccs. To provide creative actiN itics for Joun8¢r rKople to tngage i¥ith the arts. Thr ¢ru5t¢¢3 wnfimi thJ¢ ¢ho" hai¢ wmplicd ii.ith th¢ rrquir¢m¢nts of 5fflion 17 lif the (.'harili¢s Art 2011 to have due regard to the public benefii guidance pjblished the Chariii" Commission for England and I￿,ales. Page 3 BACKLIT LTD Trustees, Report A¢hievcm¢nts *nd p¢rform*n¢¢ G(Ivemance I BACkLIT r¢Lruil¢d 7 nem. tru%iee8 to_%UPlM)d iioTk arowid tsur four kth pillars I priorit) aw% i)f EDI. Menial Health. En%'ironmen¢ and Digithl. NPU FJACKI.IT was 5ucce5sful in securing sialu5 a5 a National Portfolio Organi&Yion from 2023-?026. Environm¢nial E.'ni'ironmental arts group- Nottingham INL% I'l FIA('KI.IT ILd ()n a gr(iup (If ans and culwrdl spxes in NoUingh¥m ￿ look at to ￿￿rk more Lx)IleLiivelv i(Tr mJkL hLtl¢r ¢ni'ironmLnial JLLisions. Lco-Poeiry IIAC'kl.I I. ha￿e eonlinncd lunding for an ec￿￿￿1). pro8fdinmc iviih RAC'KI.IT PLnding ('i)IILLllI'L and IINI.'%C'() C'iiN lif Ni)tlin¥ham. -I'hLrL will ￿. a st'riLs ()I'ill)rk%hi)ps. Cn4Jing in a sh (rusiLX %uIKM)mmiltLX' mL*lin¥% t(> oll(Iw a foLu5 (In (Il'w(Irk. t() inLfLa5l TLpfLsLnlJli%)n iil'jll￿k. AS1￿ and Cpl()bal. l.'thniL Majorili pc()plL. IIAL'KI.I'l' Jl.%i) i%()rked %iiih an l.'l)l %¢L*'ring group ￿ part of N(IllinghJm L'ill's ¢uliurul ()nir. Il￿ hy Ni)tiingham 1>1 JN.h(iu.s¢. WL, als(1 dL'I'L'I41PL￿ d partniyship ii.ith N¢ii" Art l..xLhdnbi Iiviih (iihiy att% in ih¢ C'ilyl a Crl£)bal Majoriti. Lrddcr5hip Programmc 2023-25. BACkl.IT dLILII)PLd a menial Healih and Arts rerM)rt ￿. Shelle). MaLD4)nald inLluding a 'hoM' ts), guidL li)r artists and CTcalivL PTacliti()ncrs and Sign￿￿st1ng. PartncT in thc Pccr lo Pecr progTammL 3AC'KLI"I' cotnrnis5ioned 2 LIACKLIT artlsts to pr(Kluce digital iwrk a5 Part of th¢ international online f¢btiNfjil peer tti P¢¢r in wllaLx)rdiion v4.ith UK and Hvnk Kvng based organi5alion5. Website BACKLIT launchcd a new. w'ebsiie in Junc 2022 Mthieh w&$ made EtSFK>kc to BACKLIT b), Kind IFuture Iriendli Ltd). Training BACkLIT took pan in The British Li￿. s opponunities continue. Gel Rcad). for Business GrO￿th network. and training Page 4 BACKLIT LTD Trustees, Report Artisi Devclopmcnt BAC'KLI"I' ran sessions w'ith artists on appl)'ing lor funding. mark'eiing and digitsl OPFQrtunities. Ans W'riting We delivered a new 'remark' i%ebsiie. all ihe info has been migraied oker fJ%)m ArnRel'i￿w. UON and N"I'U CreatLI'e Lxchange Progrdmme a(13AC KLI"1- 2U23 Fl(Iih IluN and NTLI c(Intinued sup￿)rt ￿ deiel(IP il neil. pyogramme of I￿}r￿. to do'elop 5tudent5 to iv(Irk Lx)IlUb(Irutii'Ll￿. Th¢ f(Ku% iiill IK. L'ni ir()nrnentJl. iir ii'ill 141)rk k)i%ar(Lts d¢i'¢l()ping u publiL pr(iBTamtnL flir Ihe Cjreen Husile les¢i%'al in Jurte 2023. l)laLLmLnis 14A('KI.I'l' Lurried uul tM'L) plaLem¢nts' during this periimj L4w¢#r progr¢ssi(In f(IT till) Brdduuie5'. MLmbL'rship and Hirc IIAC'KI.I'l' remain¥d ut full LWML)t) thruu¥houl this perii)d and expundd 5paLe in Io Ilic()mmodaic fi)r u gn)up i)I' arti%t% iihl) i%LrL laLinB ¢h¥ Lliisurt. <)l- their ￿￿di(>S ai (Inl Th()rL%b) StrL￿. WL als() li)i)kLQ t()i%*r(Js lurthcr LNpJnsion in ihL buildin8 ts) th¢ ground Ilth)r. l>rikutL IlirL IntLrL.%t sthrtcd slow in thc fir￿ iwo quarters iyji incrcased on aNLrage w &r(iund £fyK PCT 4ULtrtLr. I lirLw haie in¢ludLd a graphic dtsign IN-I'lll draM'it)g m'¢ni. cuban Po8ier cxhibiiion. lil'¢ art. and a iintagc N'l'l I PuhliL Art Purlhasc IJAQ'KI.I1' siild 41 PIILL of%ulpiuTC bi. Joshua ctsllcd"l>las1ic Man- t() Ni)tlingham I'r¢ni Ilnivcrsitk and Ihe work 1% pern)anenilv on displav. FinAncial review InLI)mL' Cilmeraicd incomc rcc£ived in the flnancial vcar of2022123 lias £83k. l)th¥r ￿ran15 OUisid¢ i?f lh¢ Art5 C.ounril iiyrr lolirr than budgrl¢d du¢ ¢0 0 5¢fBt¢gir dwision i(i rLYluce pri)grdmming in thL iniLrim (If diiaiLin¥ NP() itaius rn.fining ()ur 5-10 I'w siraiL&l¢S illth %tdkL'hi>ldirs, mLmbLr8. the BACKI.IT icam and (ruste￿. In thc lirst quartcr. BAC KLIT eipanded its sludi05 on the s¢(x)nd fl￿r. 50 there is a a slight incT£asc in incornc. l)cbior5 haic ken wll¢ct¢d and thu¢ 15 Iw nK>nth" oii.rd than in pM"iou5 quarter5 of ihi5 financial Jear. See IldI￿LL 8hL**I fJgllre% beli)iY Ic)r m(>re deuil. Ex[￿nditUTe ExtKnditure loii.er ihan budgeted tyimaril) because other grants I￿re not receii'ed and so no expenditure on the proj¢Lls mad¢. Within COT¢ and NPO ac¢ii"ili¢& 5tstT w5ts iirT¢ loi¥¢r than an¢icipal¢d due to trategiL deLl%lI)n li) reduLe %tatYLOSl8 and pau%e reLYuiiment fc)r ft)les uniil DeceM￿r 2022. Conclusion "I'he 5ai"ing5 On Staff costs. progTarntning. and lark of ￿pansion lo the ground fl(K)r ha5 been offset bN lower in¢(irn¢ l¢i'¢lb in grant funding Jnd priN"al¢ hire. Wilh surh ffonomir un¢¢rlainty hai"e delii'¢red a usual annual progrJmme oracl1￿11% ￿ert i%tsrking iiith a reduced team. %0 spending is less than budgeied. Page 5 BACKLIT LTD Trustees, Report Pulicj. ijn r￿erVe% BAL'KLI [' set a iarget in 2019 to estsblish a momkst financial resen'e of unrestricted fvnd5 equil'alent to three i)nth5 Illtal ¢Y1￿￿(li1uTe. Thi5 TfLone) is sel aside in nT(ler to L7*r for Lx)nlingenLies. The tre&%ureT tru%le¢s ill r¢gulwl) T¢Vi¢iY th¢ l¢i'¢l i)f T<*n"¢S &% ￿ ()r th¢ir finaThL¢ di*w%sii)n ai h(iard tn¢¢lin¥* ¢nsurin¥ ihul current Iinanlial LirLumsiances and anv oiher rel￿an1 faciors arc iaken into aLcouni. BAC"KLIT is commi1￿d continuall). raising tund5 in order io mainthin the agreed I￿.el of reseTh'es namelj BACKLI'I"s Folic), to have unreslriLted funds to 5UPtK)rt.I months, opernLing c0515. Prlnelpal rlsks onduneert&lniles An ollLr ivas madL in FibnJar> 2U? l. and pur¢hw pri¢e agreed in ih¢ %'Qdr. I￿,C ha￿e had no update in Ihis linancial pLriod dLSPltc ini'estin8 £14K on re￿rts. sur%'th's and consulthiion from ihe Alll.. We need to ￿)n1117ue iii (?Ilir un()rdahlL artisi .siudiii%. a publiL wallLI)' and Lornmunii). 4paLx and ii-ithoui thL building. Ihi% ￿'1)Uld rui%¢ Liin%id¢rahl¢ linunLiuI Ti%K.% l(1 ()ur lu¢ur¢ %usiainabilil! iind i)r￿all(l￿. N(-C' iiere di%pi.4ing lif pri)iiertk and rais¢d ion¢¢rn tha¢ Allr¢d Ilous¥' would ￿. sold on ¢h¢ mgrk¢i. lThis puts 14AL KI,Il"s luiurc in jLX)pard>' so ii'ill Loniinue coni'ersation ￿ ensure BAC'KI.I'l' can Procced ii'ith ihe purchase. Page 6 BACKLIT LTD Trustees, Report St#tem¢nt of R¢5ponsibiliti¢s The trustees are a15(i the (lirect()rs L)f EIACKI.IT I.Tl) for the pur￿5¢5 (If c()Tnpani' laii'l are re5p(insible flir preparing the ¢ru41ee%' TeTK)rt and ihe fitwn¢ial %taietn¢nL% in aLLoTdanc¢ ii'ith appliLahle lai¥ and Ilnilvd irtgdi)m A¥¢oiiniin¥ %tartdard% IlJrtiied Kin¥th)m CJethernll1 .4vL¥Plvxi Am)unting Pra¢iiL¢l. in¢lvdin¥ FR 102 "Thc FinanLial RLrM)rtin8 Standard appliLablc in the UK and RipubliL of IrL'land" The report and accounis have been prepared in aLcoTdance i%"ith the PTO¥'isions in the Conipanies Aei ?006 relaiing ￿ small companies. C'(Impanv law. requires Ihe tTUStees ￿ prepare linancial sthiernents for each financial Near. Under company law. lh¢ tru%tee% mu.41 n(It appr(ii'e ihe finanLial %tstetn¢nL¥ unleK% tho. lire %ali%lied thul the). gil'e a Irue lind lair i'iov (Il. thl sliilL (il. ii17(Iir% i)r tht. Lb￿lIahIl (?r th¢ inLIIITIjJI¥ TL%)urLx% appliLitii()n lif rL41)urc¥ in¢luLlin8 its iniy)mi an4J ¢.%￿n￿lI￿n,, ol- th¢ iharitsblL ¢omw)}' lor thai ￿riod. In pr¢pJring thi￿¢ finan¢ial siatements. the Irustees arL required to.. Select suitable acLountin8 pK>licies and applv them consi5￿n[IV- obser¥'e Ihe m￿hOd5 and principle5 in the C'hariiies 50RP.. make judscments and csiimaies ihai are reasonable ond prudcni: 51alL vshLihcr appliLJblL ￿X)UnLin8 sthndards. c()mwisin8 1.-R$ 102 hai'c bccn followcd. 5ubjeci uny mJlLrial dLpanurL% di%Llii8Ld Jn4J L.¥plaincd in thc fJnuThLiJI %talL￿)E￿L%.' und prLpurL' the finanLial 5th1em¢n15 th¢ 8(iin8 LX)ncem basi5 un1ts5 il is inappr()priat¢ i(} presume thui ihe LhuritublL Li1mp￿% Mill LM)ntinuc in businc&4. I'hu truslL*'% arL' rl'.%￿)￿41bIl l()r kL*'pin¥ prI)￿r a¢¢ouniing rc¢ords ¢ha¢ can diYlose ii'ith rethwnuhl¢ ULLurJ¥K' at anj tim¥ lh¢ IinJn¢ial ￿>11111)n (1l'th¥ ihJriLibl¢ icimpan!. anJ imabl¢ ihlm t() In%urn' th)1 lh¢ linJn¥ial %tsiim¢iiLS ii)mplN ivith th¥ C'c)mp4Lni¢% Ail 21M16. '1'h¢* aN' al￿1 r¥'%rxinsibl¢ li)r ￿1￿￿)￿ar(lIn￿1 ih¢ ill. thL ¢hdriiabl¢ L()mPan￿ dnd hL'nLL fi)r iakiThb7 fLJ54)nablL' SIL'PS fc)r ihL pfL￿.L'n1i{￿n dnd JL￿L￿￿1£)n (If IrJud dnd (iihLf iTfL'gulariiiLs. 'rhL tru%tcLs urc TLsrrtin.%iblc ILIT thL muintLmanLX and inlc8ril)' (Dr the c()rrA)raic und linunLiul inli)mi4Llii)n inLludLd ()n IhL Lharilablc Lx)mpani's MLhsitc. l.cgislaii()n 8(iicmin8 the preparalion and di55eminali(In of linJniial SthlLmLnts ma) di17ir Irvm IL8islalivn in oihcr juri5diLIions. Small companies prowi5ion statement 'I"his rLN)ri hds bL'Ln prLpiirLxl in JLLordanLL' M'ith ihe small companies re8ime under the Companic5 Aci 2(KK>. The annual rLrrt)rt appr()fved hv Ihe tsustees i)fih¢ Lhariiv . and %igned ()n its behaifby: Alexander Joi'ci¥-535 C.'(Impany swriW afid ¢TU51¢¢ Page 7 BACKLIT LTD Independent Examiner's Report to tbe trustees of BACKLIT LTD ('the Company,) IndeptDdent exathltttr's report to tht trllsltts of BACKLIT LTD ('tht Comp*lly' I rewn ￿ (he chariii. Iru5tees on m!. e¥aminaiion of ihe accounts of the compani. foT the Near ended 31 March 2023. Respon5ibllltles basls of rtport As IhL Lliariii s trusiLXS ol- IhL Conipani. land alsY> its dIrec￿rS lor the pu￿￿Se5 of compan%. lam.) vou are reswnsible lor the prepardtion ol-lhe accounts in aecLYdance %i'ith the requirement5 of the C'ompanies Aci 20U6 i-the 2006 ALt'I. I lai'ing saiislied mJsLlI' thai Ihc accounis ol. Ihe COM￿￿!. arc noi required ￿ bc audiied under Part 16 01. Ihe 2U06 Act and are eligible for inde￿nden1 examinaiion. I re￿irt in respea of mi. examination ol. i'our charil) s ULLLiunis LarriLd ()ui undLY xiiiiin 145 of thL C-haTiiiLS 21111 l-the 2011 ALI-I. In Ltsrr>ing ()ul tnv examirtali(In I have li)Ili)IveJ the DirLxli(ms gii'en b) the Charit!. Commissiov under ￿11(￿n 14i15llbl i)i- Il)e 2011 Act. Independent examiner's 5tatemeTrt I hai'c ¢ompl¢icd my cxaminoliot). l confirm ihai ma¢ieYs hai'¢ ¢om¢ 10 m). au¢niion in ¢onnc¢iioo i¥iih ihc exuminaii()n 81I'in8 ML. Lause io ￿lie5.C thai in an). maiLrial respeci.. aLL(iuniin8 reLords ivLre noi k'ept in respeci ofih¢ C'ompBn! ￿ r¢quir¢d b), s¢¢tion 386 orth¢ 2006 A¢l' or 2. IhL' aLLiiunls do noi aLLurd w'ith ihosL' fLXY)r(15- or 3. IhL' aLLI)uni% d() n()l L()mplJ i%iih Ihc aeLouniin8 requiremenLs ofseciion 396 ol. Ihe 211116 Aci ()IhLr ihan an>, rLLILiirLmLni that ihL' aLLM)unl¥ ¥ii'L u -Irue fairf VIL￿ which 15 [￿1 a muttcr L￿nS1dL.rcd a5 Purt i)l- un in(J¥pLndLni ¥xaminall(bn: vr 4. IhL aLLiiunt% hail n()t bL*'n prL.parl￿ in aLxY)rdanc¢ ivith thi mLAIK)ds and principlLs ol- IhL %thiLmLni lif RLxiimmLndixi l)Mili¢L fi)r J¢L(iuniing anJ rl'￿[11ng hi- Ihiirilics lappliL4 2113.1?7 All iil'thL Lhdrii%'% aLtiTritiLs dL'f1￿L, fTI)m wniinuin8 or&rations durin8 the aknve PL'riod5. 'I'h¥ luniLs hr¢akdi)wm l()r th¥ r&riixl 15 sh()Mn in N)w. 20. The noles on pages 12 to 23 fonn an inlcgral part of these financial statements. Page 9 BACKLIT LTD Statemellt of Financial Actii'ities for the Year Ended 31 Marth 2023 {Including Income and Expenditure Account and Slatement of Total Reeognised Gains and Losses) Th¢s¢ #rt tht llgures for tht prevlous att•utttlttg ptrlod *ttd xrt Intludtd for etsmp#r*tlve purposes Unrcstrit¢ed R¢5tri¢tcd Total futtds funds 2022 Note Income and Endowments from: Donations and ILsaLiL 2.360 )4.461 2.360 248.4117 153.Y46 Total inwm¢ 96.¥21 153.946 25U.767 Expenditure on: ChariiJbl¢ aLtiviiiis 181.9231 1160.7441 1242.6671 'I'oial e.XF&ndiiure 181.9231 11611.7441 1242.6671 Net inLomsliLxpcndiiur¢l 'I'Tun%lir% hLiwLLn lund5 14.¥98 4.3.456 14:,. NL* rn(IVLmLnl in lund5 511,354 150,2541 Recontilixtion of fundj c>ial I'uniL% broushi fi)tiiJr 106.303 811.7?4 '] ()ial lunÉL% idrriixl IciN?rd 20 164.(157 -IN.4711 The noles on pages 12 to 23 forni an inlcgral part of these financial statements. Pa2e 10 ## **BACKLIT LTD** ## **(Registration number: 08329205) Balance Sheet as at 31 March 2023** |||**2023**|**2022**| |---|---|---|---| ||**Note**|**£**|**£**| |**Fixed assets**|||| |Tangible assets|14|28,555|30,339| |**Current assets**|||| |Debtors|15|29,340|45,253| |Cash at bank and in had|16|194,270|137,791| |||223,610|183,044| |**Creditors: Amounts flling due within one year**|17|(14,401)|(10,256)| |**Net current assets**||209,209|172,788| |**Net assets**||237,764|203,127| |**Funds of the charity:**|||| |**Restricted income fnds**|||| |Restricted fnds|20|40,197|38,470| |**Unrestricted income fnds**|||| |Unrestricted fnds||197,567|164,657| |**Total fnds**|20|237,764|203,127| For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 9 to 23 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: Susan Anderson The notes on pages 12 to 23 form an integral part of these financial statements. Page 11 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 l Accounting policies Summar> of si%nifi¢aDt A¢toutttitt% policies and kev Attouniin2 esllmates ThL prinLipal aLLouniing w)IiLILS appliLd in ihL prL￿r￿10rt tsl" IbL￿L. linanLial stalL4nenis are sei out btloii,. ThLsc wlicics haN'e ￿.en consi51enil)' applied io all the iLWS pfLwnied. unless oihcni'isc ststed. Siatem¢nt of ¢ompli*n¢¢ I'hL tinani1￿11 .%iatLmLnL% hai¢ k¢n prvpard in aLwTdanLY with AcLX)unling and R¢tM)riing b). charit1￿- tJtimLni i)I' RLLI)mmirtd¥d Praiiii¥ iappliLablL io ihaiili¥4 pr¥,￿rirtg ihlir aLu)unis in aLLI)TJJn¥¥ i¥ith ihe I".inanLial RLrK)rtinbi Standard applicable in the UK and Republi¢ o(IrelJnd {l.-RS 10?11 (issued in OLiobtr ?0191 IChariiie% S()FiP 11.'R% 10?11. the l.'irbanLial RcrN)rting %iandard applicable in ihe IIK and Republic of Ireland 11.'R% IU21 and the Companics Acl 21MK>. BASIS of prepargtio IIAL'kl.I I. l.'I l) m&X'¢S Ihl dLlini¢itsn tsl'a publi¥ Lx'nLlii cniil) undlr l.'R4 102. AssL'lS and liabililil￿ arc inilially r¢¢L)b)nis¥d Ji histori¢al ¢osi or Iran￿LI￿On %"ulw' unl¢ss oth¢ni'is¢ s￿¢￿1 in th¢ ￿.]￿￿￿n¢ J¢¢ounLin& w)li¢i ni)(Ls. concern 'I'ht linanLial slatcrncnls haNe lyeen PTcparcd on a going u)ncern b&%is. 'I'h¥ Iru.%¢LK'% whi*hLY thl us¢ of ¥tsing Ltsn¢¢rn is appN)Fvial¢ 1.1. I4hL4hL'r ih¢rL' url an>. IllUlLriul unLLriJiniiL% fL.laiLd li) ￿'Lni5 QT e4)ndiiions thai ma>. la￿ si8niliLani d(Trubi on Ihc Jbilil). i)I' IhL LhJril)' l() Lc)nlinuL a 81)in8 Ll)niLm. "I'hL tru.slLLS mJkL this J¥sL*%mLni in rCSpL￿ ()fu PLYi(xl (If i)nL I'car In)m ihL dalc (Il'appr(ival ol'thc linancial siatcrncnts. Exemption from preparing g eash Ilow stgtement 'I'h¥ Lharill l?PtLd iii 14rl) 4thipi IlullL4in I published on 2 1.¢bnthry" 2016 hav¢ th¢r¢fvr¢ noi in¢lud¢d a rush liii¥ %talLrnLnt in thL%L lindnLidl sLILLments. In¢ome tndowmen15 Viiluntar%' inuirne including donation5. gift5. IcgaciLS and grants that PTOi"idc corc funding tir arc of o gencral natUT¢ 15 rwogni5ed Mhen ¢he rharilTr" ha5 ¢n¢i¢lem¢n¢ ￿ th¢ inrome. il 15 probable Uiai ihe income ￿"111 be r¢L¢lI'¢d dnd the dmouni Lan be measured ivith suifi¥i¢ni r¢liabilii)'. Donalions andleRticie5 Donations arc rccogni5ed ii.hcn (he chants. ha5 bccn noiified in %￿llIng ot-knth the amount and scttlcrncnt datc. In the cTrenl that a donation 15 5ubjcct to conditions that rcquiT£ a lTh'cl of pcrlomiancc bN thc chai'il} kfore the ch8ritN is ¢n¢itl¢d lo the lund& the iDcom¢ 15 d¢ftrred and nol r¢cogni5ed until eitheT those rondilions are fulli. m¢t, c?r th¢ luifilment (If Ihiise wndiLii)n5 is i%-hi?111 14-ithin the ¢vntrvl vf th¢ ¢hatitN iLnd il is pti?babl¢ thiii ih¢se Londitions will bL" lull1llL￿ in thc reportin8 ￿riod. Grfjnts receivable tirants are Tecognised Mhen ihe chariti" has an entitlement to the fund5 and anj conditions link.ed to the grants hav¢ been rna. W'here performanre condition5 are attsched io the grant and aTe l.et to be rn¢L the incoTne 15 reLO8nised as a liabiliii anil included on the balance sheei as deferred income (o te released. Page 12 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 Deferred Inc'ume Deterred income represents amounts receiied for fvture periods and is Teleased to inc4)ming resources in the I￿rI1)(l fi)r which. it ha5 I￿¢n T¢LeiieJ. SuLh in¢￿[ne 15 Unl)" defeTred iihen.. - The donor specilies thai the 8rani ordonaiion MU￿ onlv be used in fi]ture accounLin8 periods.. or 'I'he donor has imr￿Sed conditions ii'hich MU￿ kfore the charit). has uneonditional eniitlernent. Expendlturt All LxpLnJilure is r¢ii)gni%trJ onL* there 1% a legal i)r LoDslruitii"e i)bligatll)O li) thai expen(Jilure, ii i% pri)buhle s¢*ttlLmLnt is r¥quir¢￿ and th¢ amouni Can I￿ miYsur¢d r¢li#bl!'. All cosis arn, all(xat¢d to ih¢ appliLabl¢ ¥Kp¢ndiiuN. hiading thai aggre8aiL similar losis io thai c￿Ls01￿.. Wh¢r¥' iosts ¢annoi b¢ dir¢¢ili aitributLd 10 P&irtiLular hL'adings thL>' hai'c kcn all￿ated Lin a basis L()nsisieni ii'ith ihc use ()f res()urLLs. iiiih LL'lltral 5thff Li)%t% ull1)L￿11L(J i)n IhL bu%1¥ ()I' titDL %TK'nL and dLprLxiJii()Tl Lh&W¥L.% alloiulLYJ ()n thL P()rtii)n ()f d)L u%L. ()thir siipKx)rt ¥1)$18 arL' ul11)LaiL￿ (In thL 8prnad ()I'%uiTLxbts. Choriiable acliviries C'huriiJble e¥rKndiiure Lompriscs Ihose eosts incurred bi. Ihc Lharii). in ihc deliNer)' of ils acliiitjC5 and scn'iLcs li)r IL% k'nLliciariL%. It inLludc% IKJih eosis ihJi can be all(u￿d direcily ￿ suLh aLli%'iiie5 and thosc Lx)%ts ()I' un indirLLI naiurL t() ¥uprrt)rt thLm. Government ErAntS (TiiILrnmini ¥riini% arL' rttognixxl bJs¢xl th¢ a¢¢nwl mcxl¢l ur¢ mkwur￿ ui thL fjir wulu¥ ol- th¥ ¥*%K'I r¢LIlI'L￿ c)r rLKLII'dblL. CirJni% ¢lJ%%iliLd r¢'laiing ¥iihLf li) (Trr (ifdnL% rn.Idtin&y ti) rLWL'nu¢ arL rLxiigni%Lxi in inLI)mL Iii'Lr ihL PLYi(wJ in 14.hich thc TclJtL'd co%L% arc rcLogni%cd. (iranL% TLluling i() a%%Ll% arc rLL(IBni￿d (IvLr ihi ¢¥￿clld u5clul lili ()I' thi WhL'rL piirl tkfu wnl rLlaiing l(} an 1.% dLlirrLd. il i rclO￿ni￿xJ as dcfcrrcd in¢om¢. Taxation 'I'hL' Lhiirit) 1% LX)n%idL'fLd ti> pa*$ th¢ iL%I4 %L41 (wi in l)arn8raph I SLhLdulL 6 (If ihL l.'inanLL ALI 211111 and IhLfLlI)rL li mLits IhL dLlinitic)n c?r a ihariiahlc ix)mrran!' for IIK ix)rrrt)raiic)n tax purrK>$l￿. ALLnrdin811'. Ihe Lharity is tK)Irnlialli' cNmpani¢5. trusts and 5imilaT prÉiLeeds Grants. includin8 capital 8rants'. tioTreTnment grants lJ12 2.36U 50U 50U 2.012 2.012 2.360 Page 14 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 3 Income from charitable activities Unrestritted funds Cjeneral Rtstyitted Total 2023 Total 2022 CrrartLq & Jonaiiorts Rcni &. studio hir¢ UthLr income 86,639 ,130 86,639 80.400 183 12.830 142.256 72.278 1,730 11.030 1.441 19.672 79.270 IR3 Purtner inL(Ime FILnl% & %uTr¥*riptii)n$ Crea(i%e industry. relief 12.830 1.242 24.662 24.662 105.i57 I￿.5¥9 ?(}5 l)5fi ?48.4117 4 Crants & donations Unre%lrit¢ed fund$ Restritted funds Tot*1 76.3BII ()rKn l..JL (raller%' '.nviN)nmLnlal A￿lnl -I'h¥ Nli¥ht) C'rL'a¢ii'cs N()tiin¥ham C'it). (.'i)un¢il %undr¥ di)naiii)ns 2.U113 3.256 3.25fi 500 0.63Y N.b51 Page li BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 5 Expenditure on charitablt activitie5 LI￿reSIr1e1ed General funds Resiricted funds Tolal 21123 Tot*1 2022 l.,xhibiiion & event cosis 594 59.894 1.20¥ 574 5.264 ?25 93 4,413 5.007 59.894 1.208 574 5.264 625 32,953 i8,063 9.455 632 2.?31 8.42? Ci)mmuniLaii()n Losis 'I'ravel ALLX)untancv Ciin_%ulianL)' Ilank iharg¢s 25 395 1.857 1.89V) 303 798 9112 W7 l)LprLLiaiion InsLiranLL AJi'Lrtising & pr()mc)lii)n 1)17ILL' LyuipmLnt. L'XPLnSLS & siatic)nLTh' 1.784 1.784 18 612 396 770 6.296 3.931 18 650 396 770 88.555 7.1$28 640 38 ub%Lripii(>n% SdlJriL'%. NI &. PLn%ii)n l.'rLLlanLL & I%()Tk plaiLmenls 82.25Y 3,897 21,3111 173.131 242.667 6 Net Incomlngltsutgolng re8ouret* inu)minb r¥wurL¥s Ivr th¥ inLILLJ¢': 2023 2022 Dcprcciation ot-fi¥cd as5cts 1.784 1.857 Page 16 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 7 Staff eosts 'I"he aggregate payroll costs were follows= 2023 2022 StAff Costs during the yeAr wtre: WugL4 und %JluriLs ScKial security cos¢s Pension Losts 86.508 6Y2 1..155 99.330 67 88.555 111(>.554 The m()nthlv av¢ruge Thurnkr (If ￿r￿()￿S linLludin8 %ni()r rnanu8ern¢nt teaml ¢mpli)ILYJ b). the Lhuril>' durins Ihe }'¢)r ￿8$ as lolloiis.. 2023 2022 Avcrugc numbcr i)f cmplovccs 412022 - 5101'th¢ akni'¢ Cmploy￿S partiCiP9￿d in th¢ l)¢fin¢d LonvibuLion l)¥n4ion %¢hemcs. C(Iniribuli(In.8 io ihL cmplo)Lc ￿M$1(￿n.￿hLyncs for th¢ )LW 10th11L￿ £1.35512022. £1.1571. N() Lmplo>'cc rcLcivcd cmolumcnts ofThK>rc than £N).OIX) durin8 thc Year. I'he i(Trial empl(?yee heneliL% c)rthe ke) mana8emenL ￿T￿nnel ofthe charil>' were £46.06912022- £3C).6261. 8 Tru5tee5 rtmun¢r*¢lon Ind ex￿￿5¢$ No iruSlLL5, nor PLfsL)ns LonnLLILd iiith them. hai'e receii'ed any remunerdtion from the charit> durin8 ihe ear. No tru5tee5 have Teceii'cd an). r¢imbur5ed e¥pen5¢s or an). other benefits from the charily during the Near. 9 Related party transactions ThLr¥ w¢rL nc> rl'laiid Pilrtl trJnbdi*l()ns in the )"¢ar. Page 17 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 10 Fees payable to independtDt examiner During the period. the fees paiable le¥cluding VA"I'l ￿ the charih, s independent examiner are analvsed as falli)ws: 2023 2022 IndLkKndLni ixaminaiiL)n Other finanLial serb'iees 9?0 875 1.996 1.702 .846 2.577 I I C.harltv stotus 'I'hL Lhdriii IS d lompan) limiied bi. 8ugfdni¢e and consequ¢nil!' thes n(A hav¢ shar¢ capiLqI. Lach ot. lh¢ IruslL*'S 15 liablL to cciniribuie an amount noi exceedin8 £1 iomards Ihe assets ol- Lhe charit> in the evcnl Dl. 12 Tax#ilon I'hl ¥h41r1t￿ 1% a rcgisiLYcil Lharil). ond is iherL'I(Trrc cxLmo irom tsxaiion. 13 Intsnglble flxed xssets Dlgltg18%5¢t$ Totfil C'.ost At l April 2022 14.955 14.955 At 31 March 2023 14.Y55 14.955 Amortisatlon A¢ l April 2022 14.1155 14.4155 At 31 March 2023 14.955 14.955 Net book WAlue At 31 March 2023 At 31 March 2022 Page 18 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 14 Tangible fixed assets Fixtures & rittings se I￿pro1.¢￿ent5 tquipment Total C'ost At l April 2022 3.849 3.401 33.869 At 31 March 2023 3.849 3.401 33.869 Depreciatio At l April 2022 C'hur¥e flir th¢ %eaT 3.3 2.¥61 ijs 4.619 1.539 10.780 .784 At.3 l MurLh 2U2. 3.41 6.158 12.564 Net book VAlue At 31 MarLh ?U?3 439 405 27.711 211.555 At 31 MarLh 2U22 54 540 29.250 311,339 14 Debtors 2023 2022 'rradL dLht<)r5 >rLpa}'mLnib ()¢h¥r dibi()rs 1.77n 21).10 1.1172 24.6h? 2Y.3411 16 CAsh cAsh equlvglents 2023 2022 C'ash on hand C'&%h ai hank 1211 194.142 108 137.083 194.270 137.791 17 Creditor5: 8mounts fAlling due witbiD one year 21123 2022 Oth¢r taxation and 50rial srcurity" Other Lrediii)rs Accruals Deterred income 2.654 2.001 1.948 2.332 7.414 1.810 6.41)2 14.401 10.25(1 Page 19 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 18 Obligations under leases and hire pllrchase tonlracts Operating lease c0￿mIl￿ents Total I'ulure minimum lease payments under ni)n-L)nc¢llablr (4Kraiing are as f(Illoivs'. 2023 2022 Land and buil(lings Wiihin i)nL IL'ar Ileiiyeen one and til'e lears AIILr livL yurs 16.500 37.2110 134.851 16.500 37.200 188.55( 197.8511 19 Analy$l$ of #sstts btiwten fvtyd$ Unresirl¢fed 2023 Total funds ener*l Designated Restricted '1'4Lngiblc lixLsJ C'urrLni 28.555 43.413 2X.555 223.6111 I40.￿)0 4(1.197 .1 ()ial assets 57.567 14(1.o(10 4U.197 2.17.704 Unresirleftd 2022 TotAI funds Gener*1 Designated Restricted Tangiblc fixLd a55cts C'urrcni C'urrent lidhiliti -10.339 44.574 110.2501 Iw.IK)o 38.470 1113.1144 lQ.2Shl (A.657 100.(x)o 3¥.47U 203.127 Page 20 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 20 Funds BAlante gt 31 March 2023 Bal8nc¢ at J April 2022 Incoming rtsourtts ResourctS txpendtd Tr#tt$fers Ilnre5tricted funds General CiLllL'rJl lund 64.657 107.369 182.299 132.1601 57.567 Desl£hrtierf l)urLha%L l)I'Allred I louse 100.(NX) 40.(KK) 140.1100 TotAI unrestricted funds 164.657 l(b7..36 1¥7 21)9) 7.1140 IY7.fj67 Restritttd fund5 An% ('IlUnLiI PL¥r 10 Pc¥'r 25.460 76.380 170.273 13.4751 31.567 1.525 450 3.111M) 2.OU3 14501 12.(MX)I l)lu41iL Man l..ni ir()nmLni Agcn¢%' I I.IMH)I 12.(J031 'hL A.%Jlum l)r(IjLLI Ja// Siiali IAualii%. 4.695 1.130 4.7116 9.380 3.256 2.933 13.9571 14801 KiLk%tJrt¢r la031 RI.:MARK Nl'l l and IION CTcaliTr¢ pla¢em¢ni 480 1.588 1.588 11991 13..7.111 Tolal restrir¢¢d funds 38.47 l(M).599 91.032 17.841)) 40.197 Total funds 203.127 207.968 1173.3311 237.7h4 Thc iranslcr from ihe Gcncrdl fund ￿ thc Jazz Sii2li Equalil!, &. Inclusion fund is ￿ covcr the dcticit on this "rh¢ transf¢r5 Irotn lh¢ Silk ¢0 Siliron. RLN1ARK. Kick"51art¢r. Lni'ironrnent Agenc). and Plastic Nlan fund5 10 lh¢ G¥nrrJl fund r¢la¢¢s Iv 4i¢ii'it1¢5 M"hich hai¢ and th¢ ￿1¢?5¢ of arti. T¢strictivn5 vn the use (If ihtbe Page21 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 The swific purwses tor which the fvnds are tsTr applied are &$ folloMs: Arts Council - the main focus of thLS projeci LS ￿ develop ihe artisiic and learning programme ￿ collaborate 14.iih highli. reputable and inlluential arti515. 11-ith arh inieniion lo proi'ide opporiuniiies for cri)ss v'orkiiig iiith li)Lal ￿Irt1%1% ii)rntnuniti¢% iviih a Telilt¢J theme: Ihi.% eniihled u4 11) expl()r¢ Ihv Ii)¢dti()n and thu¢f(Ire relLI'iL nLL io IoLal aUdiLrtLL￿. In ordLr io achiLie ihis. i¥c identilicd a rtllm￿r of areas wanted io lurthLr support. research, monitor and dei'elop. Ihis included 8roii'in8 and prolessionallN supportin8 the studio and a55uciaie ani5t5. reNiu4ing and Securing 5tstT roles and resFonsibiliiies. mapping. recording and archiN'ing good pruLIiLC. PLndin¥ ci)II¢Lli￿¢- t() %UPtX)d w(Irk%h()P-% wid pn)gramming. Th¥ As￿luM ProjL*I- 10 LKplor¢' heriiagL' Tl's¢Jr¢h i4.ith Lommuni¢N and loLal artists. Jazz %%i'ali L4ualii> & InLlusion Jazz %iiali recruiied as a Equali(!' and Dii'crsiti. L"oordinator in Januury, 21)20. 1'hL Ilig Ili)usL L'I)1 Sranl. Ihr()ugh Ihe Ilnii'ersiti., prLii'idcd 200/0 grnnt funding t()￿"ardS thL ￿}5( lif BA('kl.I'l' Ltnplc)!'iDg a &TraduutL' fi)r up iii ¢)nL l'ear. L￿￿1￿>￿mL￿l￿l H.IC'kl.I'l' txhibili(m b). arti￿ Joshua knlaer in Parthership ￿1th ihL Lni'in)nmLnt A¥LmL}'. This irt¢¢rJi%¢iplIni￿ Lxhibiii()n. broughi and wiiironm¢ni wgi4h¢Y w iriggir somi Lriii¢)I di%LUS%lI)ns aknui thL imp4LLt ol-pl&stlL Il.&￿e. I'hL dL'hut x)l().%h(i%i' IifLM)nlemw)rnr)' artlsi and desi8ner. %elJo5tian K()%Lda. bringing i()geiher mill'in￿ imagL, WllVL'n tLNtilL'%. and gruphiL dt%ign li) 4x)ilighi thL IL*si()ns auts)matii)n, LrulL%pLYiplL, anLI i%'i¥rk'Lr% ()Icr thl la%¢ Ill'l) IL'nturii% tsnd inio iomom)iv. IIAC'KI.I'l' Ll)mmi%8ii)n¢d ? 13.4L'KI.I'l' artlSLS t() proJui¢ neI4' digitsl ￿￿r￿. a% pan ol. lh¢ ¢¥'r in its11J￿lrJ(I0n iiith UK anJ I long Kong bJ¥¥'d or8Jniwiic)ns. Page 22 BACKLIT LTD Notes to the Fillancial Statemellts for the Year Ellded 31 March 2023 These art the figure5 for the prevlous ate•utttlttg ptriod *ttd hntludtd for eomparxtlve purposes Balantt At I April 2021 Resourtes expended 31 Mgrth 2022 rtsourtes TraD5fers Unrestricted funds General CrLnL'rdl luDd 106.303 96.821 181.9231 156.5441 64.657 De.Ilxnaled PLir¥htigL i)t'Allrl￿ Housc 100.(KK) 100.000 Total uDresiri¢ttd fund$ 106.303 96.821 181.923 43.456 164,657 R¢strl¢ttd Art% C'ounLiI 76.380 7.216 170,091 17,3961 15.7201 15.8371 112291 25.4611 Culiurul RLL(IvLry l.'und 1>1 52.141 6.ed8 5.924 146.4211 'I'hL A%Jlum l)r(IjLXI Jaij. 514.ali I￿4UalIt> 4.fy95 4.840 1.360 27.475 26.11?2 7.Ih3 1.480 16.3611 1•11.8X9) 197.2321 15.2591 I I.(MK)I Luliurul RLLii%¢ry l.'und 1>2 '.n%'in¥nM¢￿1aI KiLk%tartir RI:.MARK N'l'l l Ilc)N C'r¢aiiY¢ pIJLL'mLml 1.414 1.210 1.904 4811 1.6(M) 5.250 1.SB8 3..f.72 Total restri¢ted funds 88.724 153.946 116U.7441 143.4561 38.4711 Tolal funds 195.027 250.707 124? 6671 203.127 Page 23