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← Backlit

2024-03-31-accounts

Company registration number: 08329205 Charity registration number: 1167258

BACKLIT LTD

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

BACKLIT LTD

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8 to 9
Balance Sheet 10
Notes to the Financial Statements 11 to 22

BACKLIT LTD

Reference and Administrative Details

Trustees Craig Chettle Alexander Jovcic-Sas Susan Anderson, Treasurer Josh Pickering Dr Teresa Forde Jay Harris Roberta Beattie Ismail Khokon Dr Isobel Elstob Secretary Alexander Jovcic-Sas Senior Management Team Matthew Chesney, Director Suzanne Golden, Deputy Director Charity Registration Number 1167258 Company Registration Number 08329205 Registered Office Alfred House Ashley Street Nottingham Nottinghamshire NG3 1JG Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

BACKLIT LTD

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Craig Chettle Alexander Jovcic-Sas Susan Anderson, Treasurer Josh Pickering Dr Teresa Forde Jay Harris Roberta Beattie Ismail Khokon Dr Isobel Elstob Laura-Jade Vaughan (resigned 1 July 2024) Abid Qayum (resigned 2 December 2023) Philip Brooks-Stephenson, Chair (resigned 29 June 2023) Laura Feltham (resigned 29 June 2023) Daniel Poole (resigned 29 June 2023)

Structure, governance and management

Nature of governing document

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 12 December 2012 and most recently amended 12 May 2016. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Recruitment and appointment of trustees

The charity identifies the need for new trustees. This is due to vacancies that have arisen through resignations, or it may be that existing trustees have decided that one or more new trustees with specific skills are needed to help run the charity more effectively.

The trustees agree what skills, experience and knowledge are needed. The senior management team write this down in the form of a short job description and person specification.

The trustees agree responsibilities and a process for recruitment and ensure that the charity comply with the specific requirements set out in the its governing document.

The trustees consider the best methods of attracting a diverse range of candidates with the skills the charity needs. This includes advertising in the local and/or specialist press and using trustee networks. Short-listing and interviews take place against agreed criteria. Interviews are carried out by a small panel of trustees, and each candidate is asked similar questions to ensure a fair and objective approach. Notes are kept of each interview.

Preferred candidates are identified and invited to join the trustees, subject to references, formal vetting and approval by the full trustee board.

Page 2

BACKLIT LTD

Trustees' Report

Objectives and activities

Objects and aims

To advance education in the fields of visual, creative and applied arts by the establishment and maintenance of an art gallery and in particular the provision of studios and galleries where art may be practised, created and exhibited and public exhibitions of art for the benefit of the public.

Objectives, strategies and activities

●To provide an accessible public programme of exhibitions, talks and events for diverse audiences. To provide a professional platform for new and emerging artists, offering associate membership and affordable studio and exhibition space (50 in total) with the offer of supporting creative skills development.

●To offer a broad range of art forms and workshops (extending to performing arts, new media, screenings) as well as a curatorial experimentation space for under/postgraduates and local practitioners.

●To expand current audiences and access to local talent, through delivery of a professional arts and learning programme of collaborations between local, national and international artists.

●Inviting artists to explore, collaborate and respond to the local heritage of NG3 and beyond via research, exhibitions and events.

●To be an arts, community and local resource for artists, audiences and hard to reach groups.

Public benefit

●To work closely with the local residents and community groups of Nottingham City, and the East side areas of St Ann's and Sneinton (Creative Quarter).

●To work in partnership with the universities and cultural partners to embed public workshops, critical debate and networking, creating a legacy to programme events. This provides a wider opportunity for public debate, broadens our audiences / participants and encourages graduates to become resident studio members at BACKLIT.

●To manage a volunteer and internship programme providing vocational experience and first-hand experience in the arts field. We aim to attract a wide range of people from different backgrounds and different ages, the majority of which would not otherwise get the opportunity.

●Regional recent graduates and emerging artists make up the majority of BACKLIT’s audiences and participants, BACKLIT being a venue that offers continued learning and new experiences.

●To provide creative activities for younger people to engage with the arts.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements & performance

Programme (Punk, Joy of Destruction), Capital and Fundraising 2023-2024

1. CAPITAL

BACKLIT Codirectors dedicated a significant amount of focus and capacity towards developing a case for purchasing its premises, Alfred House. In October 2023 an application to the Arts council was submitted and was successful in receiving £480,657. The capital investment programme will ensure BACKLIT is able to purchase its premises, Alfred House and make changes to enhance accessibility, implement environmental efficient measures, digitise out People’s archive and build a new outdoor arts and wellbeing space.

Page 3

BACKLIT LTD

Trustees' Report

2. STAFFING & HR

BACKLIT continued to work with Face2Face consultants for support with HR tasks. In March they delivered a session The Marketing Coordinator role was recruited in September to support programming. A curatorial placement was delivered and funded by Nottingham Trent university for 6 months in the 2nd and 3rd quarter to support our Punk: Rage and Revolution Project.

Training

The British Library - Get Ready for Business Growth network and training opportunities continue. Suzanne met recently with a group to discuss current business challenges, which resulting in some useful guidance and leads to different resource. Carbon Literacy programmes were attended by staff as well as audience development session for our marketing coordinator.

3. BOARD

Daniel Poole and Laura Feltham resigned from the board of trustees in the first quarter of 2023.2024. BACKLIT received significant support from our treasurer Sue Anderson to produce cash flows for the financial year and budgets for the capital investment programme. Chair Craig Chettle supported and advised on best practice for capital investment and risk analysis which was presented to the board of trustees throughout the year.

A capital subcommittee was developed to support the resource and development of our capital project.

4. BUSINESS PLAN

BACKLIT continued to deliver on its output as an artist led space supporting creative practitioner development and public programming. This included investing in artist, communities and protected groups include; • Pending Collective - Young People’s Collective

Key achievements have been noted which fall in line with our four key priorities;

Environment

• Continuing to lead and support N.E.S.T (Nottingham Environmental Sustainability Team).

• Consultation from NTU sustainability in enterprise course to look at way to reduce the carbon footprint of the building.

• BACKLIT have confirmed funding for an eco-poetry programme with BACKLIT Pending Collective and UNESCO City of Literature.

Mental Health

Digital

• Developed a partnership with Nottingham City Council Libraries to develop our Morley Threads VR game into a three screen installation in St Ann’s library.

• Delivered an exhibition, The Joy of Destruction in partnership with University of Nottingham’s Virtual Immersive Production facility.

• Remark - an online arts & writing project to develop journalistic critique in the East Midlands in partnership with Art Review.

Page 4

BACKLIT LTD

Trustees' Report

Equity Diversity & Inclusion

• Presented a Punk: Rage and Revolution project in partnership with Sift Touch Arts and Leicester museums to celebrate black feminism and queer experiences within the youth movement. The project commissioned out youth group Pending Collective to produce a large scale zine.

• Delivered an EDI sub committee group to establish a strategy and focus for the next 5 years.

• A funded studio space for a black, Asian artist for 6 months in partnership with New Art Exchange.

• Embedded EDI in monthly staff meetings and quarterly board meetings to discuss recruitments, representation in our studios and programme and determine ways to connect with marginalised groups.

• Worked with New Art Exchange and city wide partners to support thew transform programme - Black, Asian and Global Ethnic MAHORTY leadership programme.

• Participated in a year long EDI programme with national partners led by Spotlight inclusion.

5. ARTIST DEVELOMENT

Funded studio space GEM and Neurodivergents

• The partnership with New Art exchange is to fund an artist with a £2.5K bursary and a studio space. Janhavi was successful recruited, we have met with her a few times to support her journey.

• QUAD has funded a studio space for a Neurodivergent artist over a 6 month period. This has been extended for a further 3 months by a grant given by CANDAL (UoN academic Neurodiverse network), they have also given the artist a £500 bursary for artist materials.

Financial review

The last 12 months have seen Backlit continue to thrive post pandemic. Our income has risen by 17% to £243,612. Our studios remain full and our work with partners continues to reap rewards as our partnership income has more than doubled to £28k. We also show on increase in Sundry income as we recognise MGETR income for two years in these accounts and expect this to return to a lower-level next year. Backlit is in a strong position with our percentage of self-generating income rising from 61% to 66%.

Our expenditure has risen too as we have invested more in our studio holders and programme. This year we tripled our programming costs and recruited a Learning and Community Coordinator which enabled us to open Backlit to the local community, connecting our studio holders with each other and audiences in new ways. Rent continues to be a significant cost at 13% of total expenditure and our plans to purchase Alfred House gather momentum. We have designated £140,000 of the £241,625 total funds on the Statement of Financial Activities towards the purchase of Alfred House. In addition, we have secured Capital Investment from Arts Council England with the aim to draw down these funds and complete the purchase by the end of the next financial year.

Policy on reserves

BACKLIT set a target in 2019 to establish a modest financial reserve of unrestricted funds equivalent to three months’ total expenditure. This money is set aside in order to cater for contingencies. The treasurer and trustees will regularly review the level of reserves as part of their finance discussion at board meetings, ensuring that current financial circumstances and any other relevant factors are taken into account. BACKLIT is committed to continually raising funds in order to maintain the agreed level of reserves namely BACKLIT's policy to have unrestricted funds to support 3 months' operating costs.

Our remaining reserves are split £7,185 restricted for grant funded projects that span financial years and £94,440 unrestricted funds of which £26,827 relate to tangible assets. Our unrestricted free reserves meet our policy to hold three months of operating costs.

Page 5

BACKLIT LTD

Trustees' Report

Statement of Responsibilities

The trustees (who are also the directors of BACKLIT LTD for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

18/12/2024 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Alexander Jovcic-Sas Company secretary and trustee

Page 6

BACKLIT LTD

Independent Examiner's Report to the trustees of BACKLIT LTD ('the Company')

Independent examiner’s report to the trustees of BACKLIT LTD ('the Company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity’s trustees of the 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 that in any material respect:

  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.

...................................... ae John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

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

Page 7

BACKLIT LTD

Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
£
5,604
128,926
134,530
(121,201)
(121,201)
13,329
23,544
36,873
197,567
234,440		 Restricted
£
-
109,082
109,082
(118,550)
(118,550)
(9,468)
(23,544)
(33,012)
40,197
7,185		 Total
2024
£
5,604
238,008
243,612
(239,751)
(239,751)
3,861
-
3,861
237,764
241,625		 Total
2023
£
2,012
205,956
207,968
(173,331)
(173,331)
34,637
-
34,637
203,127
237,764

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 20.

The notes on pages 11 to 22 form an integral part of these financial statements. Page 8

BACKLIT LTD

Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

These are the figures for the previous accounting period and are included for comparative purposes

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
funds
£
2,012
105,357
107,369
(82,299)
(82,299)
25,070
7,840
32,910
164,657
197,567		 Restricted
funds
£
-
100,599
100,599
(91,032)
(91,032)
9,567
(7,840)
1,727
38,470
40,197		 Total
2023
£
2,012
205,956
207,968
(173,331)
(173,331)
34,637
-
34,637
203,127
237,764

The notes on pages 11 to 22 form an integral part of these financial statements. Page 9

BACKLIT LTD (Registration number: 08329205) Balance Sbeet as at 31 March 2024 2024 2023 Nole Filed wets Tangible &ssets 14 26.827 28.555 Current assets Debtors C&th at bank and in hand 15 57.040 183,606 29.340 194,270 16 240.646 223,610 Credltors: Amounts fallint due within •Dt yev 17 25.848 14.401 Net ¢vrrenl *uets 214.798 209,209 Net •uet• 241.625 237.764 Funds of the ehArity: Re5tr1cted fuThd# Restricted funds 20 7,185 40,197 Unrestricted ineomE fund8 Unrestrithed funds 234.440 197,567 Total fundi 20 241.625 237,764 For the financial year en(h'ng 31 March 2024 the charity was to exunption from audit under section 477 of the Companies Act 2006 relatinB to gnall ￿MpanI<s. Dir•ctors' responsibilities: The members have no¢ required the ¢haTity to obtw'n an auth't of its a¢c4)unts fr)r the year in question in ac￿rdanCe with section 476. and The th'rectors a¢knowled8e their responsibilities for comptyin8 with the requirements of the Act with respect to acwunting records and the preparatiw of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small wmpanias regime wlthin Part 15 of the compani￿ 2006. ancial statements on pages 8 to 22 approved by the tnist¢ffj and authorised for issue on /iQ24 . and si8ned on their bthalf try.. Susan Anderson TnLStee The notes on pa8cs I I to 22 forni an inte￿￿ part of thes¢ financial swemrnts. Page 10

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

BACKLIT LTD meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Exemption from preparing a cash flow statement

Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 11

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class Amortisation method and rate Digital assets 20% on cost

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Page 12

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

Asset class Depreciation method and rate Fixtures & fittings 20% reducing balance straight line over the remaining time of Leasehold improvements the lease Office equipment 25% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.

Page 13

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

2 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts and similar
proceeds
Grants, including capital grants;
Government grants
3
Income from charitable activities
Unrestricted
funds
General
£
Grants & donations
-
Rent & studio hire
80,906
Other income
-
Partner income
-
Events & subscriptions
1,136
Creative industry tax relief
46,884
128,926		 Unrestricted
funds
General
£
5,604
-
5,604
Restricted
funds
£
79,540
-
-
28,103
1,439
-
109,082		 Total
2024
£
5,604
-
5,604
Total
2024
£
79,540
80,906
-
28,103
2,575
46,884
238,008		 Total
2023
£
1,512
500
2,012
Total
2023
£
86,639
80,400
183
12,830
1,242
24,662
205,956

4 Grants & donations

4
Grants & donations
Arts Council
University of Nottingham
Architectural Heritage Fund
Nottingham Trent University
Sundry donations		 Unrestricted
funds
£
-
-
2,823
-
2,781
5,604		 Restricted
funds
£
76,380
1,660
-
1,500
-
79,540		 Total
£
76,380
1,660
2,823
1,500
2,781
85,144

Page 14

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

5 Expenditure on charitable activities

Exhibition & event costs
Premises costs
Refurbishment costs
Communication costs
Travel
Accountancy
Consultancy
Bank charges
Depreciation
Advertising & promotion
Legal & professional fees
Office equipment, expenses & stationery
Subscriptions
Salaries, NI & pension
Freelance & work placements
Training
Interest on tax
Bad debts		 Unrestricted
General funds
£
Restricted funds
£
3,908
18,671
73,535
-
10,200
-
1,751
-
1,959
305
3,490
150
304
-
90
-
1,728
-
118
239
2,315
-
449
-
833
-
17,469
90,532
949
8,635
1,204
18
2
-
897
-
121,201
118,550		 Total
2024
£
22,579
73,535
10,200
1,751
2,264
3,640
304
90
1,728
357
2,315
449
833
108,001
9,584
1,222
2
897
239,751		 Total
2023
£
5,007
59,894
-
1,208
574
5,660
625
118
1,784
18
-
650
770
88,555
7,828
640
-
-
173,331

6 Net incoming/outgoing resources

Net incoming resources for the year include:

Depreciation of fixed assets

2024
£
1,728		 2023
£
1,784

Page 15

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

7 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2024
£
104,673
1,808
1,520
108,001		 2023
£
86,508
692
1,355
88,555

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2024
No
6		 2023
No
7

3 (2023 - 4) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £1,520 (2023 - £1,355).

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £53,470 (2023 - £46,069).

8 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

9 Related party transactions

There were no related party transactions in the year.

Page 16

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

10 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity’s independent examiner are analysed as follows:

follows:
Independent examination
Other financial services		 2024
£
1,020
2,313
3,333		 2023
£
920
1,926
2,846

11 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

13 Intangible fixed assets

Cost
At 1 April 2023
At 31 March 2024
Amortisation
At 1 April 2023
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Digital assets
£
14,955
14,955
14,955
14,955
-
-		 Total
£
14,955
14,955
14,955
14,955
-
-

Page 17

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

14 Tangible fixed assets
Fixtures &
fittings
£
Cost
At 1 April 2023
3,849
At 31 March 2024
3,849
Depreciation
At 1 April 2023
3,410
Charge for the year
88
At 31 March 2024
3,498
Net book value
At 31 March 2024
351
At 31 March 2023
439
15 Debtors
Trade debtors
Prepayments
Other debtors
16 Cash and cash equivalents
Cash on hand
Cash at bank
17 Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals
Deferred income		 Office
equipment
£
3,401		 Lease
improvements
£
33,869		 Total
£
41,119
41,119
12,564
1,728
14,292
26,827
28,555
2023
£
1,770
2,908
24,662
3,401 33,869
2,996
101		 6,158
1,539
3,097 7,697
304 26,172
405 27,711
2024
£
13,208
1,788
42,044
57,040
2024
£
-
183,606
183,606
2024
£
3,199
276
5,358
17,015
25,848
29,340
2023
£
128
194,142
194,270
2023
£
2,654
2,001
2,332
7,414
14,401

Page 18

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

18 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Land and buildings
Within one year
Between one and five years
After five years		 2024
£
9,300
37,200
125,550
172,050		 2023
£
16,500
37,200
134,850
188,550

19 Analysis of net assets between funds

Unrestricted

Unrestricted
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 General
£
Designated
£
26,827
-
93,461
140,000
(25,848)
-
94,440
140,000
Unrestricted
General
£
Designated
£
28,555
-
43,413
140,000
(14,401)
-
57,567
140,000		 Restricted
£
-
7,185
-
7,185
Restricted
£
-
40,197
-
40,197		 2024
Total funds
£
26,827
240,646
(25,848)
241,625
2023
Total funds
£
28,555
223,610
(14,401)
237,764

Page 19

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

20 Funds

Unrestricted funds
General
General fund
Designated
Purchase of Alfred House
Total unrestricted funds
Restricted funds
Arts Council
Peer to Peer
Pending Collective
The Asylum Project
Equality & Inclusion
NTU and UoN Creative
placement
Punk Project
Studio Residencies
NCC Libraries
Outcome
Eco Poetry & Culture
Joy of Destruction
Total restricted funds
Total funds		 Balance at 1
April 2023
£
57,567
140,000
197,567
31,567
1,525
811
4,706
-
1,588
-
-
-
-
-
-
40,197
237,764		 Incoming
resources
£
134,530
-
134,530
76,380
-
-
-
2,476
-
11,439
1,312
3,000
3,160
2,400
8,915
109,082
243,612		 Resources
expended
£
(121,201)
-
(121,201)
(82,288)
-
-
-
(10,089)
-
(9,793)
-
-
(1,342)
(338)
(14,700)
(118,550)
(239,751)		 Transfers
£
23,544
-
23,544
(25,659)
(1,525)
-
(4,706)
7,613
(1,588)
(1,646)
-
-
(1,818)
-
5,785
(23,544)
-		 Balance at
31 March
2024
£
94,440
140,000
234,440
-
-
811
-
-
-
-
1,312
3,000
-
2,062
-
7,185
241,625

The transfer from the General fund to the Equality & Inclusion and Joy of Destruction funds is to cover the deficit on these activities.

The transfer from the The Asylum Project, Peer to Peer, NTU and UoN Creative Placement, Punk Project, and Outcome fund to the General fund relates to activities which have ceased, and the release of any restrictions on the use of these funds.

Page 20

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

The specific purposes for which the funds are to be applied are as follows:

Arts Council - the main focus of this project is to develop the artistic and learning programme to collaborate with highly reputable and influential artists, with an intention to provide opportunities for cross working with local artists and communities with a related theme; this enabled us to explore the location and therefore relevance to local audiences. In order to achieve this, we identified a number of areas we wanted to further support, research, monitor and develop, this included growing and professionally supporting the studio and associate artists, reviewing and securing staff roles and responsibilities, mapping, recording and archiving good practice.

Pending Collective - to support workshops and programming.

The Asylum Project - to explore heritage research with community and local artists.

Peer to Peer - BACKLIT commissioned 2 BACKLIT artists to produce new digital work as part of the international online festival Peer to Peer in collaboration with UK and Hong Kong based organisations.

Equality & Inclusion - Jazz Swali was recruited as a Equality and Diversity Coordinator in January 2020. The Big House CDI grant, through the University, provided 20% grant funding towards the cost of BACKLIT employing a graduate for up to one year.

Punk Project - partnership celebrating the history of Punk in Nottingham and the experiences of queer and black women within this youth movement. The project was supported by national lottery heritage funds in partnership with soft touch arts and Leicester museums.

Studio Residencies - two studio residences were Funded by QUAD in Derby to support neurodivergent practitioner and a second place was supported by New Art Exchange to support a black, Asian, GEMA creative practitioner.

NCC Libraries - backlit works in partnership with Nottingham City Council and Nottingham City libraries to support their mission control project which incorporate three screen gaming interactive experiences within St Anns library and Broxtowe library. Funding went towards enhancing and reimagining VR Morley Threads game and supporting a public program for families a young people and how to digitise objects and build personal collections.

Outcome - a project in partnership with the university of nottingham Nottingham Trent University to being together students from creative arts and curatorial courses to develop and commission new artworks in collaboration to explore themes around environment and climate crisis.

Eco Poetry & Culture - a project in partnership with creative writing department at the university of nottingham led by Lila Matsumoto to explore poetry and creative writing influenced by the environment.

Joy of Destruction – an exhibition in partnership with the university of nottingham and VIP which explodes queer gaming and contemporary art.

Page 21

BACKLIT LTD

Notes to the Financial Statements for the Year Ended 31 March 2024

These are the figures for the previous accounting period and are included for comparative purposes

Unrestricted funds
General
General fund
Designated
Purchase of Alfred House
Total unrestricted funds
Restricted
Arts Council
Peer to Peer
Collective Ending Critical
Exchange
Plastic Man
Environment Agency
Pending Collective
The Asylum Project
Equality & Inclusion
Kickstarter
REMARK
NTU and UoN Creative
placement
Silk to Silicon
Total restricted funds
Total funds		 Balance at 1
April 2022
£
64,657
100,000
164,657
25,460
-
-
-
-
811
4,695
-
1,904
480
1,588
3,532
38,470
203,127		 Incoming
resources
£
107,369
-
107,369
76,380
5,000
450
3,000
2,003
-
1,130
9,380
3,256
-
-
-
100,599
207,968		 Resources
expended
£
(82,299)
-
(82,299)
(70,273)
(3,475)
(450)
(2,000)
-
-
(1,119)
(12,313)
(1,203)
-
-
(199)
(91,032)
(173,331)		 Transfers
£
(32,160)
40,000
7,840
-
-
-
(1,000)
(2,003)
-
-
2,933
(3,957)
(480)
-
(3,333)
(7,840)
-		 Balance at
31 March
2023
£
57,567
140,000
197,567
31,567
1,525
-
-
-
811
4,706
-
-
-
1,588
-
40,197
237,764

Page 22