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2021-04-01-accounts

DocuSign Envelope ID: 5688640D-37C5-42D1-BA21-0EA172067F48

Charity number: 1173218

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

RUFF SQWAD ARTS FOUNDATION

DocuSign Envelope ID: 5688640D-37C5-42D1-BA21-0EA172067F48

RUFF SQWAD ARTS FOUNDATION

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 16

DocuSign Envelope ID: 5688640D-37C5-42D1-BA21-0EA172067F48

RUFF SQWAD ARTS FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 1 APRIL 2021

Trustees

Buba Sahor, Chair Derek Boakye, Trustee Anton Chambers, Trustee

Charity registered number 1173218 Principal office Unit 11 Echo Building East Bay Lane London E15 2SJ Accountants Menzies LLP Chartered Accountants Centrum House 36 Station Road Egham Surrey TW20 9LF Independent Examiner Janice Matthews FCA Menzies LLP Centrum House 36 Station Road Egham Surrey TW20 9LF

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RUFF SQWAD ARTS FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 1 APRIL 2021

The Trustees present their annual report together with the financial statements of the for the year 2 April 2020 to 1 April 2021.

Objectives and activities

a. Policies and objectives

The objects of Ruff Sqwad Arts Foundation, as set out in our governing document are:

To act as a resource for young people and young adults by providing advice and assistance and organising programmes of physical, educational, high quality arts and other activities as a means of:

(a) advancing in life and helping young people and young adults by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;

(b) advancing education;

(c) relieving unemployment;

(d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.

b. Activities undertaken to achieve objectives

In 2017, grime legends Prince Owusu-Agyekum (aka Rapid) and Ebenezer Ayerh (aka Slix) founded Ruff Sqwad Arts Foundation (RSAF) to give young people direct access to mainstream resources, knowledge, and opportunities to reach their full potential in creative careers and life.

Through our innovative way of working, we create meaningful cultural engagement opportunities by integrating high quality arts, youthwork, industry connections and enterprise. We were previously based in RebBox Studios in Poplar, East London but have since moved so we’re now based in Hackney Bridge which is a new site in Newham with many thriving creatives, charities, organisations, companies and brands like the Good Growth Hub, The Outrunners, Borkwood & Co, Discordo and Wicked Bike Repair. Moving into the Hackney Bridge community has really heled inspire and motivate our young people and helped further strengthen our profile and partnerships. As a result of this we’ve continues to develop, expand and evolve our range of cross cultural/creative and cross sector offering which a huge emphasis on creating and delivering projects for youth ages 11-21+ to support personal and talent development.

Current Programming

Fading Short Film Complete: In May 2020 we completed our first short film ‘Fading’ which was written and performed by the young people. The film touched on issues such as identity, teen related pressures, youth and women empowerment and self-image. We were scheduled to get the film entered into the Cannes film festival and if successful take the cast of young people to a viewing but due to the pandemic we were unable to fulfil this ambition.

YCHTB Summer Sessions: Following the success of the 2019 summer session that were funded by Joe Strummer we received some funding from once again from the Joe Strummer foundation to run sessions for Artist, Sound Engineer, Producer and Talent Development. This for our young people was an amazing opportunity especially being that it was during the summer, a time when many young people lack activities to engage in we had good attendance levels.

Serious Sessions/online mentoring: These studio sessions were very useful in providing consistent space and opportunities during the simmer as it ran concurrently with the Summer Session. We had a great attendance level even though we had to run a reduced service due to the covid related restrictions outlined by the NYA. These sessions were funded by the SESF and enabled us to implement at peer 2 peer mentoring system online/remotely to the project which was very impactful as we had young creatives gaining mentorship from young that were a few years older than them.

Discuss and Devour Piloted: As part of our efforts to meet the creative demands of the oyuht and expand our offering we piloted our first podcast in April 2021. The Discuss and Devour podcast series is a youth-led initiative for young people aged 11-21. It provides a platform to voice opinions on a range of topics and issues to become agents of positive social change by bridging the gap between different cultures and promoting intercultural understanding. These pilot episodes were later on

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RUFF SQWAD ARTS FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 1 APRIL 2021

Objectives and activities (continued)

reviewed and premiered to various young people and the parents of the cast who all feedback the great potential and need of intuitive.

Mayor’s Fund for London Ambassadors – Prince and Ebs are Ambassadors for the Mayor’s Fund for London, which aims to support young Londoners from low income backgrounds to aspire to fulfil their potential through education, well-being and employment programmes. https://www.mayorsfundforlondon.org.uk/

Prince and Ebs are both original members of the talented and innovative East London collective group Ruff Sqwad, who are now in the pioneering movement to shift grime music mainstream.

As teenagers in East London, Ruff Sqwad were passionate about making music and started off testing out and developing their skills in youth club. This led to pirate radio sessions where they gained a large and loyal following, but they knew they needed solid material in the form of independent albums to get to the next level. It was Wiley who came to them when he saw them on the streets with no money, no studio, no place, and it was Grime Icon Wiley who asked what they needed. He booked out a big studio in south London and Ruff Sqwad were there 4-5 days a week recording, recording, recording. Their first ever mix tapes “Guns and Roses 1 & 2” are now seen as classics. It is this way of working and Prince and Ebs’ journeys that have inspired them to develop RSAF.

Since 2014, Prince and Ebs have been working at Spotlight in Tower Hamlets, delivering regular music sessions You Can’t Handle The Booth (YCHTB) with a core group of 30-35 young people aged 11-19 mainly from Hackney, Newham and Tower Hamlets. Prince and Ebs wanted to do more for the young people, and decided it was time to design and deliver their own programmes. Ebs and Prince started RSAF so they can work with more young people and support them in a way that would have more sustainable impact on them, their communities, and the cultural/creative sector.

In January 2020 we were delighted to be awarded £100,000 through the Arts Council England’s Elevate Fund which will support our organisation development through to April 2022. Activities include supporting the core team (Ebenezer and Prince, Founders and Creative Leads, and Sian, Key Collaborator on Development, Partnerships and Social Change) and partners, in strengthening RASF’s financial resilience, digital infrastructure, delivery mechanisms and business model to better connect young people with mainstream resources, knowledge and opportunities to reach their full potential in creative careers and life.

Now well into our Elevate funding support we’re now actively connecting with various organisations and individuals that can help us the things to the next level and we shall be looking at more tangible ways to utilise our ambassadorships to impact more young people and communities in neighbouring boroughs.

In approving the RSAF programming, the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and performance

a. Key performance indicators

We have started implementing ways to build our reserves but currently don’t have the level of sustainable reserves as we desire but as we are still relatively young organisation that like many was impacted by the pandemic we’re still developing ways to develop things adequately. One of our main goals is still to invest in our core team and build reserves to 6 month running costs as part of our business planning, income generation and fundraising activities.

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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 1 APRIL 2021

Financial review

a. Going concern

The Coronavirus pandemic is creating significant uncertainty at the current time and the Charity is not immune to this. The trustees are working to ensure the safety of all those involved with Ruff Sqwad Arts Foundation and to maintain the continuity of its activities and to adhere to Government advice. Whilst the pandemic will have a financial impact on the Charity, at this stage, it is not possible to reliably forecast what this may be. After making appropriate enquiries, however, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the next twelve months. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Structure, governance and management

a. Constitution

Ruff Sqwad Arts Foundation (RSAF) has a Constitution of a Charitable Incorporated Organisation and is registered with the Charity Commission. The principal object of the Charity is to act as a resource for young people and young adults by providing advice and assistance and organising programmes of physical, educational, high quality arts and other activities.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Statement of Trustees' responsibilities

The Trustees 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).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Buba Shor Trustee (Chair)

Date: 01-Feb-2022

................................................ Ebenezer Ayerh Co-founder 31-Jan-2022

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RUFF SQWAD ARTS FOUNDATION

INDEPENDENT EXAMINERS' REPORT TO RUFF SQWAD ARTS FOUNDATION

Independent examiner's report to the Trustees of Ruff Sqwad Arts Foundation ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 1 April 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Janice Matthews FCA

Dated: 01-Feb-2022

Menzies LLP

Centrum House 36 Station Road Egham Surrey TW20 9LF

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RUFF SQWAD ARTS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 APRIL 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
89,503
-
89,503
-
97,048
97,048
(7,545)
51,094
(7,545)
43,549		 Unrestricted
funds
2021
£
3,377
809
4,186
-
6,048
6,048
(1,862)
2,160
(1,862)
298		 Total
funds
2021
£
92,880
809
93,689
-
103,096
103,096
(9,407)
53,254
(9,407)
43,847		 Total
funds
2020
£
115,379
-
115,379
6,245
74,116
80,361
35,018
18,236
35,018
53,254

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 8 to 16 form part of these financial statements.

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RUFF SQWAD ARTS FOUNDATION

BALANCE SHEET AS AT 1 APRIL 2021

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one year
11
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds
The financial statements were approved and authorised for
................................................
Buba Sahor
Date:
01-Feb-2022		 2021
£
9,637
9,637
250
-
35,810
52,627
36,060
52,627
(1,850)
(1,750)
43,847
43,847
43,847
43,549
298
43,847
issue by the Trustees and signed on their behalf
................................................
Ebenezer Ayerh
31-Jan-2022		 2020
£
2,377
2,377
53,254
53,254
53,254
51,094
2,160
53,254
by:

The notes on pages 8 to 16 form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

1. General information

Ruff Sqwad Arts Foundation is a Charitable incorporated Organisation. The address of its registered office can be found on page 1 of these financial statements.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the histroical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

Ruff Sqwad Arts Foundation consitutes a public benefit entity as defined by FRS 102.

Accruals accounting has been adopted for the year ended 01 April 2021, there has been no requirement to restate the comparitives.

2.2 Going concern

The Coronavirus pandemic is creating significant uncertainty globally and the Charity is not immune to this. The trustees are working to ensure the safety of all those involved with it and to maintain the continuity of its activities as far as they are able, whilst adhering to Government advice. Whilst the pandemic will have a financial impact on the Charity, at this stage, it is not possible to reliably forecast what this may be. However, the trustees are taking all relevant measures to ensure they are able to safeguard cash flow and projects to put it in the best possible position once activities start to return to normal.

Given the uncertainties that exist, this may cast significant doubt on the Charity’s ability to continue as a going concern, however, the trustees believe that the actions they have taken should enable the Charity to continue in operational existence for at least twelve months following approval of these accounts.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

2. Accounting policies (continued)

2.4 Expenditure (continued)

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the Charity's operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.

2.5 Tangible fixed assets and depreciation

All assets costing £200 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

2.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

2. Accounting policies (continued)

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations
Grants
Other Income
Total 2020		 Restricted
funds
2021
£
-
89,503
-
89,503
96,142		 Unrestricted
funds
2021
£
1,997
-
1,380
3,377
19,237		 Total
funds
2021
£
1,997
89,503
1,380
92,880
115,379		 Total
funds
2020
£
1,737
113,642
-
115,379

4. Income from charitable activities

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Studio Hire 809 809 -

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

5. Expenditure on raising funds

Fundraising trading expenses

Fundraising costs
Total 2020		 Unrestricted
funds
2021
£
-
6,245		 Total
funds
2021
£
-
6,245		 Total
funds
2020
£
6,245

6. Analysis of expenditure by activities

Delivery of workshops
Total 2020		 Activities
undertaken
directly
2021
£
86,332
63,990		 Grant
funding of
activities
2021
£
569
-		 Support
costs
2021
£
16,195
10,126		 Total
funds
2021
£
103,096
74,116		 Total
funds
2020
£
74,116

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Organisational development
Marketing
Website Development
Travel
GP3 Advance
Grime Pays
YCHTB
Advanced Sessions
Film
Contractors - project specific
General project expenses
Strummer Sessions
Shoot
Total 2020		 Delivery of
workshops
2021
£
19,933
-
-
-
-
43,120
-
-
-
1,995
16,824
-
4,460
86,332
63,990		 Total
funds
2021
£
19,933
-
-
-
-
43,120
-
-
-
1,995
16,824
-
4,460
86,332
63,990		 Total
funds
2020
£
6,750
50
284
128
4,500
27,409
5,679
848
14,982
-
-
3,360
-
63,990

Analysis of support costs

Rent
Bank Charges
Office Costs
Professional Fees
Depreciation
Marketing
General Expenses
Travel
Total 2020		 Delivery of
workshops
2021
£
6,612
6
1,912
4,644
2,557
125
310
29
16,195
10,126		 Total
funds
2021
£
6,612
6
1,912
4,644
2,557
125
310
29
16,195
10,126		 Total
funds
2020
£
6,535
8
756
1,750
594
-
483
-
10,126

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

7. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £800 ( 2020 - £750 ), and preparation of accounts of £1,050 (2020 - £1,000).

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 1 April 2021, no Trustee expenses have been incurred (2020 - £NIL) .

9. Tangible fixed assets

Cost or valuation
At 2 April 2020
Additions
At 1 April 2021
Depreciation
At 2 April 2020
Charge for the year
At 1 April 2021
Net book value
At 1 April 2021
At 1 April 2020		 Office
equipment
£
2,971
9,817
12,788
594
2,557
3,151
9,637
2,377

10. Debtors

Due within one year
Trade debtors		 2021
£
250
250		 2020
£
-
-

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

11. Creditors: Amounts falling due within one year

Accruals and deferred income
12.
Statement of funds		 2021
£
1,850		 2020
£
1,750

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Restricted Fund
Elevate Restricted Fund
Total of funds		 Balance at 2
April 2020
£
2,160
8,306
42,788
51,094
53,254		 Income
£
4,186
69,503
20,000
89,503
93,689		 Expenditure
£
(6,048)
(62,975)
(34,073)
(97,048)
(103,096)		 Balance at 1
April 2021
£
298
14,834
28,715
43,549
43,847

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Fund
Elevate Restricted Fund
Total of funds		 Balance at
2 April 2019
£
335
17,901
-
17,901
18,236		 Income
£
19,237
46,142
50,000
96,142
115,379		 Expenditure
£
(17,412)
(55,737)
(7,212)
(62,949)
(80,361)		 Balance at
1 April 2020
£
2,160
8,306
42,788
51,094
53,254

Restricted funds have been donated for the purpose of funding the provision of work shops by the charity.

Elevate restricted funds have been provided for the purpose of the charity's organisational development.

13. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 2
April 2020
£
2,160
51,094
53,254
Balance at
2 April 2019
£
335
17,901
18,236		 Income
£
4,186
89,503
93,689
Income
£
19,237
96,142
115,379		 Expenditure
£
(6,048)
(97,048)
(103,096)
Expenditure
£
(17,412)
(62,949)
(80,361)		 Balance at 1
April 2021
£
298
43,549
43,847
Balance at
1 April 2020
£
2,160
51,094
53,254

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

14. Related party transactions

During the year, Ruff Sqwad Music Ltd received payments totalling £55,539 (2020: £24,830) from the charity for arm's length services. This company is a related party as it is controlled by a member of the key management personnel.

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Ruff Sqwad Arts Foundation Unit 11 Echo Building East Bay Lane E15 2SJ Charity registered number: 1173218 Telephone: 07703319202

Janice Matthews Centrum House 36 Station Road Egham Surrey TW20 9LF

Dear Sirs,

This representation letter is provided in connection with your independent examination of Ruff Sqwad Arts Foundation for the year ending 01 April 2021.

During the course of your examination of our financial statements for the period ending 01 April 2021 the following representations were made to you by management and trustees.

Financial statements

DocuSign Envelope ID: 5688640D-37C5-42D1-BA21-0EA172067F48

income, and the availability of working capital, the charity is a going concern. We confirm that the disclosures in the financial statements are an accurate reflection of the reasons for our consideration that the financial statements should be drawn up on a going concern basis.

Information provided

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Yours faithfully,

Signed on behalf of the board of trustees of Ruff Sqwad Arts Foundation by:

Trustee ...............................................................

01-Feb-2022

Date .....................................................................

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Menzies LLP Heathrow Centrum House 36 Station Road Egham Surrey TW20 9LF

+44 (0)1784 497100 | heathrow@menzies.co.uk | menzies.co.uk

JEM/CB/EJM/38242 31 January 2022

PRIVATE & CONFIDENTIAL

The Board of Trustees Ruff Sqwad Arts Foundation Unit 11 Echo Building East Bay Lane London E15 2SJ

Dear Trustees

The purpose of this letter and Standard Terms of Business is to set out the basis on which we will act and to clarify our respective responsibilities. A separate letter will be issued to cover all other work to be undertaken.

Our firm will act as independent examiners with Janice Matthews acting as the independent examiner.

We are bound by the code of ethics of The Institute of Chartered Accountants in England and Wales and accept instructions to act for you on the basis that we will act in accordance with those ethical guidelines.

1 Your responsibilities as trustees

Menzies is a member of

Menzies LLP is a limited liability partnership registered in England and Wales under number 0C336077 to carry out audit work and is regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Menzies Corporate Finance Limited is regulated by the Financial Conduct Authority for the conduct of corporate finance activities and is registered in England and Wales under number 04149097. Their registered office is at 1st Floor, Midas House, 62 Goldsworth Road, Woking, Surrey GU21 6LQ. A list of the members of Menzies LLP is open to inspection at its registered office. Any reference to a partner in relation to Menzies LLP means a member of Menzies LLP. Individuals within the firm who act as insolvency practitioners are licensed in the UK by the Insolvency Practitioners Association. When acting as office holders they do so without personal liability. Our Privacy Notice and Standard Terms of Business are available at www.menzies.co.uk/legal .

A world-wide network of independent accounting firms and business advisers

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2 Our responsibilities as independent examiners

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3 Scope of independent examination

4 Other services

5 Limitation of liability

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6 Agreement of terms

Yours faithfully

Menzies LLP

We confirm that we have read and understood the contents of this letter and Standard Terms of Business dated 15 November 2021 and agree that they accurately reflect the services that we have instructed you to provide.

01-Feb-2022 Signed _____ Date ____ 31-Jan-2022 Signed _____ Date ____

For and on behalf of Ruff Sqwad Arts Foundation

DocuSign Envelope ID: 5688640D-37C5-42D1-BA21-0EA172067F48

Charity number: 1173218

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

RUFF SQWAD ARTS FOUNDATION

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RUFF SQWAD ARTS FOUNDATION

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 16

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RUFF SQWAD ARTS FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 1 APRIL 2021

Trustees

Buba Sahor, Chair Derek Boakye, Trustee Anton Chambers, Trustee

Charity registered number 1173218 Principal office Unit 11 Echo Building East Bay Lane London E15 2SJ Accountants Menzies LLP Chartered Accountants Centrum House 36 Station Road Egham Surrey TW20 9LF Independent Examiner Janice Matthews FCA Menzies LLP Centrum House 36 Station Road Egham Surrey TW20 9LF

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RUFF SQWAD ARTS FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 1 APRIL 2021

The Trustees present their annual report together with the financial statements of the for the year 2 April 2020 to 1 April 2021.

Objectives and activities

a. Policies and objectives

The objects of Ruff Sqwad Arts Foundation, as set out in our governing document are:

To act as a resource for young people and young adults by providing advice and assistance and organising programmes of physical, educational, high quality arts and other activities as a means of:

(a) advancing in life and helping young people and young adults by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;

(b) advancing education;

(c) relieving unemployment;

(d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.

b. Activities undertaken to achieve objectives

In 2017, grime legends Prince Owusu-Agyekum (aka Rapid) and Ebenezer Ayerh (aka Slix) founded Ruff Sqwad Arts Foundation (RSAF) to give young people direct access to mainstream resources, knowledge, and opportunities to reach their full potential in creative careers and life.

Through our innovative way of working, we create meaningful cultural engagement opportunities by integrating high quality arts, youthwork, industry connections and enterprise. We were previously based in RebBox Studios in Poplar, East London but have since moved so we’re now based in Hackney Bridge which is a new site in Newham with many thriving creatives, charities, organisations, companies and brands like the Good Growth Hub, The Outrunners, Borkwood & Co, Discordo and Wicked Bike Repair. Moving into the Hackney Bridge community has really heled inspire and motivate our young people and helped further strengthen our profile and partnerships. As a result of this we’ve continues to develop, expand and evolve our range of cross cultural/creative and cross sector offering which a huge emphasis on creating and delivering projects for youth ages 11-21+ to support personal and talent development.

Current Programming

Fading Short Film Complete: In May 2020 we completed our first short film ‘Fading’ which was written and performed by the young people. The film touched on issues such as identity, teen related pressures, youth and women empowerment and self-image. We were scheduled to get the film entered into the Cannes film festival and if successful take the cast of young people to a viewing but due to the pandemic we were unable to fulfil this ambition.

YCHTB Summer Sessions: Following the success of the 2019 summer session that were funded by Joe Strummer we received some funding from once again from the Joe Strummer foundation to run sessions for Artist, Sound Engineer, Producer and Talent Development. This for our young people was an amazing opportunity especially being that it was during the summer, a time when many young people lack activities to engage in we had good attendance levels.

Serious Sessions/online mentoring: These studio sessions were very useful in providing consistent space and opportunities during the simmer as it ran concurrently with the Summer Session. We had a great attendance level even though we had to run a reduced service due to the covid related restrictions outlined by the NYA. These sessions were funded by the SESF and enabled us to implement at peer 2 peer mentoring system online/remotely to the project which was very impactful as we had young creatives gaining mentorship from young that were a few years older than them.

Discuss and Devour Piloted: As part of our efforts to meet the creative demands of the oyuht and expand our offering we piloted our first podcast in April 2021. The Discuss and Devour podcast series is a youth-led initiative for young people aged 11-21. It provides a platform to voice opinions on a range of topics and issues to become agents of positive social change by bridging the gap between different cultures and promoting intercultural understanding. These pilot episodes were later on

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RUFF SQWAD ARTS FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 1 APRIL 2021

Objectives and activities (continued)

reviewed and premiered to various young people and the parents of the cast who all feedback the great potential and need of intuitive.

Mayor’s Fund for London Ambassadors – Prince and Ebs are Ambassadors for the Mayor’s Fund for London, which aims to support young Londoners from low income backgrounds to aspire to fulfil their potential through education, well-being and employment programmes. https://www.mayorsfundforlondon.org.uk/

Prince and Ebs are both original members of the talented and innovative East London collective group Ruff Sqwad, who are now in the pioneering movement to shift grime music mainstream.

As teenagers in East London, Ruff Sqwad were passionate about making music and started off testing out and developing their skills in youth club. This led to pirate radio sessions where they gained a large and loyal following, but they knew they needed solid material in the form of independent albums to get to the next level. It was Wiley who came to them when he saw them on the streets with no money, no studio, no place, and it was Grime Icon Wiley who asked what they needed. He booked out a big studio in south London and Ruff Sqwad were there 4-5 days a week recording, recording, recording. Their first ever mix tapes “Guns and Roses 1 & 2” are now seen as classics. It is this way of working and Prince and Ebs’ journeys that have inspired them to develop RSAF.

Since 2014, Prince and Ebs have been working at Spotlight in Tower Hamlets, delivering regular music sessions You Can’t Handle The Booth (YCHTB) with a core group of 30-35 young people aged 11-19 mainly from Hackney, Newham and Tower Hamlets. Prince and Ebs wanted to do more for the young people, and decided it was time to design and deliver their own programmes. Ebs and Prince started RSAF so they can work with more young people and support them in a way that would have more sustainable impact on them, their communities, and the cultural/creative sector.

In January 2020 we were delighted to be awarded £100,000 through the Arts Council England’s Elevate Fund which will support our organisation development through to April 2022. Activities include supporting the core team (Ebenezer and Prince, Founders and Creative Leads, and Sian, Key Collaborator on Development, Partnerships and Social Change) and partners, in strengthening RASF’s financial resilience, digital infrastructure, delivery mechanisms and business model to better connect young people with mainstream resources, knowledge and opportunities to reach their full potential in creative careers and life.

Now well into our Elevate funding support we’re now actively connecting with various organisations and individuals that can help us the things to the next level and we shall be looking at more tangible ways to utilise our ambassadorships to impact more young people and communities in neighbouring boroughs.

In approving the RSAF programming, the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and performance

a. Key performance indicators

We have started implementing ways to build our reserves but currently don’t have the level of sustainable reserves as we desire but as we are still relatively young organisation that like many was impacted by the pandemic we’re still developing ways to develop things adequately. One of our main goals is still to invest in our core team and build reserves to 6 month running costs as part of our business planning, income generation and fundraising activities.

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RUFF SQWAD ARTS FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 1 APRIL 2021

Financial review

a. Going concern

The Coronavirus pandemic is creating significant uncertainty at the current time and the Charity is not immune to this. The trustees are working to ensure the safety of all those involved with Ruff Sqwad Arts Foundation and to maintain the continuity of its activities and to adhere to Government advice. Whilst the pandemic will have a financial impact on the Charity, at this stage, it is not possible to reliably forecast what this may be. After making appropriate enquiries, however, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the next twelve months. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Structure, governance and management

a. Constitution

Ruff Sqwad Arts Foundation (RSAF) has a Constitution of a Charitable Incorporated Organisation and is registered with the Charity Commission. The principal object of the Charity is to act as a resource for young people and young adults by providing advice and assistance and organising programmes of physical, educational, high quality arts and other activities.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Statement of Trustees' responsibilities

The Trustees 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).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Buba Shor Trustee (Chair)

Date: 01-Feb-2022

................................................ Ebenezer Ayerh Co-founder 31-Jan-2022

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RUFF SQWAD ARTS FOUNDATION

INDEPENDENT EXAMINERS' REPORT TO RUFF SQWAD ARTS FOUNDATION

Independent examiner's report to the Trustees of Ruff Sqwad Arts Foundation ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 1 April 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Janice Matthews FCA

Dated: 01-Feb-2022

Menzies LLP

Centrum House 36 Station Road Egham Surrey TW20 9LF

Page 5

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RUFF SQWAD ARTS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 APRIL 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
89,503
-
89,503
-
97,048
97,048
(7,545)
51,094
(7,545)
43,549		 Unrestricted
funds
2021
£
3,377
809
4,186
-
6,048
6,048
(1,862)
2,160
(1,862)
298		 Total
funds
2021
£
92,880
809
93,689
-
103,096
103,096
(9,407)
53,254
(9,407)
43,847		 Total
funds
2020
£
115,379
-
115,379
6,245
74,116
80,361
35,018
18,236
35,018
53,254

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 8 to 16 form part of these financial statements.

Page 6

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RUFF SQWAD ARTS FOUNDATION

BALANCE SHEET AS AT 1 APRIL 2021

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one year
11
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds
The financial statements were approved and authorised for
................................................
Buba Sahor
Date:
01-Feb-2022		 2021
£
9,637
9,637
250
-
35,810
52,627
36,060
52,627
(1,850)
(1,750)
43,847
43,847
43,847
43,549
298
43,847
issue by the Trustees and signed on their behalf
................................................
Ebenezer Ayerh
31-Jan-2022		 2020
£
2,377
2,377
53,254
53,254
53,254
51,094
2,160
53,254
by:

The notes on pages 8 to 16 form part of these financial statements.

Page 7

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

1. General information

Ruff Sqwad Arts Foundation is a Charitable incorporated Organisation. The address of its registered office can be found on page 1 of these financial statements.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the histroical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

Ruff Sqwad Arts Foundation consitutes a public benefit entity as defined by FRS 102.

Accruals accounting has been adopted for the year ended 01 April 2021, there has been no requirement to restate the comparitives.

2.2 Going concern

The Coronavirus pandemic is creating significant uncertainty globally and the Charity is not immune to this. The trustees are working to ensure the safety of all those involved with it and to maintain the continuity of its activities as far as they are able, whilst adhering to Government advice. Whilst the pandemic will have a financial impact on the Charity, at this stage, it is not possible to reliably forecast what this may be. However, the trustees are taking all relevant measures to ensure they are able to safeguard cash flow and projects to put it in the best possible position once activities start to return to normal.

Given the uncertainties that exist, this may cast significant doubt on the Charity’s ability to continue as a going concern, however, the trustees believe that the actions they have taken should enable the Charity to continue in operational existence for at least twelve months following approval of these accounts.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters.

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

2. Accounting policies (continued)

2.4 Expenditure (continued)

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the Charity's operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.

2.5 Tangible fixed assets and depreciation

All assets costing £200 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

2.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

2. Accounting policies (continued)

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations
Grants
Other Income
Total 2020		 Restricted
funds
2021
£
-
89,503
-
89,503
96,142		 Unrestricted
funds
2021
£
1,997
-
1,380
3,377
19,237		 Total
funds
2021
£
1,997
89,503
1,380
92,880
115,379		 Total
funds
2020
£
1,737
113,642
-
115,379

4. Income from charitable activities

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Studio Hire 809 809 -

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

5. Expenditure on raising funds

Fundraising trading expenses

Fundraising costs
Total 2020		 Unrestricted
funds
2021
£
-
6,245		 Total
funds
2021
£
-
6,245		 Total
funds
2020
£
6,245

6. Analysis of expenditure by activities

Delivery of workshops
Total 2020		 Activities
undertaken
directly
2021
£
86,332
63,990		 Grant
funding of
activities
2021
£
569
-		 Support
costs
2021
£
16,195
10,126		 Total
funds
2021
£
103,096
74,116		 Total
funds
2020
£
74,116

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Organisational development
Marketing
Website Development
Travel
GP3 Advance
Grime Pays
YCHTB
Advanced Sessions
Film
Contractors - project specific
General project expenses
Strummer Sessions
Shoot
Total 2020		 Delivery of
workshops
2021
£
19,933
-
-
-
-
43,120
-
-
-
1,995
16,824
-
4,460
86,332
63,990		 Total
funds
2021
£
19,933
-
-
-
-
43,120
-
-
-
1,995
16,824
-
4,460
86,332
63,990		 Total
funds
2020
£
6,750
50
284
128
4,500
27,409
5,679
848
14,982
-
-
3,360
-
63,990

Analysis of support costs

Rent
Bank Charges
Office Costs
Professional Fees
Depreciation
Marketing
General Expenses
Travel
Total 2020		 Delivery of
workshops
2021
£
6,612
6
1,912
4,644
2,557
125
310
29
16,195
10,126		 Total
funds
2021
£
6,612
6
1,912
4,644
2,557
125
310
29
16,195
10,126		 Total
funds
2020
£
6,535
8
756
1,750
594
-
483
-
10,126

Page 12

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

7. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £800 ( 2020 - £750 ), and preparation of accounts of £1,050 (2020 - £1,000).

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 1 April 2021, no Trustee expenses have been incurred (2020 - £NIL) .

9. Tangible fixed assets

Cost or valuation
At 2 April 2020
Additions
At 1 April 2021
Depreciation
At 2 April 2020
Charge for the year
At 1 April 2021
Net book value
At 1 April 2021
At 1 April 2020		 Office
equipment
£
2,971
9,817
12,788
594
2,557
3,151
9,637
2,377

10. Debtors

Due within one year
Trade debtors		 2021
£
250
250		 2020
£
-
-

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

11. Creditors: Amounts falling due within one year

Accruals and deferred income
12.
Statement of funds		 2021
£
1,850		 2020
£
1,750

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Restricted Fund
Elevate Restricted Fund
Total of funds		 Balance at 2
April 2020
£
2,160
8,306
42,788
51,094
53,254		 Income
£
4,186
69,503
20,000
89,503
93,689		 Expenditure
£
(6,048)
(62,975)
(34,073)
(97,048)
(103,096)		 Balance at 1
April 2021
£
298
14,834
28,715
43,549
43,847

Page 14

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Fund
Elevate Restricted Fund
Total of funds		 Balance at
2 April 2019
£
335
17,901
-
17,901
18,236		 Income
£
19,237
46,142
50,000
96,142
115,379		 Expenditure
£
(17,412)
(55,737)
(7,212)
(62,949)
(80,361)		 Balance at
1 April 2020
£
2,160
8,306
42,788
51,094
53,254

Restricted funds have been donated for the purpose of funding the provision of work shops by the charity.

Elevate restricted funds have been provided for the purpose of the charity's organisational development.

13. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 2
April 2020
£
2,160
51,094
53,254
Balance at
2 April 2019
£
335
17,901
18,236		 Income
£
4,186
89,503
93,689
Income
£
19,237
96,142
115,379		 Expenditure
£
(6,048)
(97,048)
(103,096)
Expenditure
£
(17,412)
(62,949)
(80,361)		 Balance at 1
April 2021
£
298
43,549
43,847
Balance at
1 April 2020
£
2,160
51,094
53,254

Page 15

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RUFF SQWAD ARTS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021

14. Related party transactions

During the year, Ruff Sqwad Music Ltd received payments totalling £55,539 (2020: £24,830) from the charity for arm's length services. This company is a related party as it is controlled by a member of the key management personnel.

Page 16

DocuSign Envelope ID: DE29DBE8-87E8-4AF7-BA30-190BF2E167C2DocuSign Envelope ID: 5688640D-37C5-42D1-BA21-0EA172067F48

Menzies LLP Heathrow Centrum House 36 Station Road Egham Surrey TW20 9LF

+44 (0)1784 497100 | heathrow@menzies.co.uk | menzies.co.uk

JEM/CB/EJM/38242 31 January 2022

PRIVATE & CONFIDENTIAL

The Board of Trustees Ruff Sqwad Arts Foundation Unit 11 Echo Building East Bay Lane London E15 2SJ

Dear Trustees

The purpose of this letter and Standard Terms of Business is to set out the basis on which we will act and to clarify our respective responsibilities. A separate letter will be issued to cover all other work to be undertaken.

Our firm will act as independent examiners with Janice Matthews acting as the independent examiner.

We are bound by the code of ethics of The Institute of Chartered Accountants in England and Wales and accept instructions to act for you on the basis that we will act in accordance with those ethical guidelines.

1 Your responsibilities as trustees

Menzies is a member of

Menzies LLP is a limited liability partnership registered in England and Wales under number 0C336077 to carry out audit work and is regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Menzies Corporate Finance Limited is regulated by the Financial Conduct Authority for the conduct of corporate finance activities and is registered in England and Wales under number 04149097. Their registered office is at 1st Floor, Midas House, 62 Goldsworth Road, Woking, Surrey GU21 6LQ. A list of the members of Menzies LLP is open to inspection at its registered office. Any reference to a partner in relation to Menzies LLP means a member of Menzies LLP. Individuals within the firm who act as insolvency practitioners are licensed in the UK by the Insolvency Practitioners Association. When acting as office holders they do so without personal liability. Our Privacy Notice and Standard Terms of Business are available at www.menzies.co.uk/legal .

A world-wide network of independent accounting firms and business advisers

DocuSign Envelope ID: DE29DBE8-87E8-4AF7-BA30-190BF2E167C2DocuSign Envelope ID: 5688640D-37C5-42D1-BA21-0EA172067F48

2 Our responsibilities as independent examiners

DocuSign Envelope ID: DE29DBE8-87E8-4AF7-BA30-190BF2E167C2DocuSign Envelope ID: 5688640D-37C5-42D1-BA21-0EA172067F48

3 Scope of independent examination

4 Other services

5 Limitation of liability

DocuSign Envelope ID: DE29DBE8-87E8-4AF7-BA30-190BF2E167C2DocuSign Envelope ID: 5688640D-37C5-42D1-BA21-0EA172067F48

6 Agreement of terms

Yours faithfully

Menzies LLP

We confirm that we have read and understood the contents of this letter and Standard Terms of Business dated 15 November 2021 and agree that they accurately reflect the services that we have instructed you to provide.

01-Feb-2022 Signed _____ Date ____ 31-Jan-2022 Signed _____ Date ____

For and on behalf of Ruff Sqwad Arts Foundation