DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
Charity number: 1173218
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022
RUFF SQWAD ARTS FOUNDATION
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## 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 - 15|
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 1 APRIL 2022
## **Trustees**
Buba Sahor, Chair Anton Chambers, Trustee Derek Boakye, 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
Page 1
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## TRUSTEES' REPORT FOR THE YEAR ENDED 1 APRIL 2022
The Trustees present their annual report together with the financial statements of the Charity for the year 2 April 2021 to 1 April 2022.
## **Objectives and activities**
## **a. Policies and objective**
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**
**Grime Pays:** We have now completed the third and final of our Arts Council England funded Grime Pays programs. Grime Pays is our most renowned and exclusive program that supports young talent via an industry immersive experience so we have also opened up conversations with various partners/funders to see how we can further develop this offering.
**Elevate:** As we come to the end of our second and final year of our Arts Council England funded Elevate project. We’re now looking into a funding extension for the project as we were severely impacted by the pandemic. The impact of the pandemic has hindered our efforts to build and strengthen our capacity but we are constantly reviewing our capacity and hope that through the Elevate extension grant that we will sustain our capacity building efforts.
**Arrivals:** In our efforts to increase our engagement in Newham we’ve formed new partnerships with Royal Docks and The BeatBox Academy to co-create music for a grand show in the Royal Docks. The show also formed part of the launch for the Royal Docks cultural strategy launch.
**YCHTB/SEFS Summer Challenge** : In order to continue our delivery through the last phases of the pandemic we launched a summer project to offer young musicians and creatives pre-booked workshops. The sessions were led by our core team and also gave our young graduates opportunities to gain experience through peer to peer mentoring. Due to covid-19 restrictions we ensured all government guidelines were upheld in order to deliver our sessions in a safe manner.
Page 2
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 1 APRIL 2022
## **Objectives and activities (continued)**
**SJP & FFL Discuss and Devour Podcast:** As part of our efforts to meet the creative demands of the youth and expand our offering we’ve expanded our reach via the Discuss and Devour by forming new partnerships funds from various funders and continuing the development of the podcast. 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.
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 are still working on ways to build our reserves but like many other young organizations that were impacted by the pandemic we currently don’t have the level of sustainable reserves as we desire but as we are still a relatively young organization that like many was impacted by the pandemic we’re still developing ways to develop things adequately. As a result of our ongoing efforts and will to continue our support for youth we’ve recently received a donation from Galliard Homes which gives us the flexibility to allocate funds to projects/needs where and when necessary.
## **Financial review**
## **a. Going concern**
Trustees and co-founders have reviewed the forecast for the next year to confirm that nothing will stop the charity from continuing its work. The charity is currently in a good position and will continue to strengthen its capacity to generate income and implement measures to become more sustainable.
## **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.
Page 3
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 1 APRIL 2022
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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 Derek Boakye** Trustee (chair) Trustee (Treasurer) Date: 08-Feb-2023 08-Feb-2023
Page 4
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## INDEPENDENT EXAMINERS' REPORT
## **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 2022.
## **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**
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:
Dated: 09-Feb-2023
Janice Matthews FCA
## **Menzies LLP**
Chartered Accountants Centrum House 36 Station Road Egham Surrey TW20 9LF
Page 5
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 APRIL 2022
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income/(expenditure)**
Transfers between funds
11
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2022**
**£**
**107,112**
**-**
**107,112**
**101,430**
**101,430**
**5,682**
**6,221**
**11,903**
**43,549**
**11,903**
**55,452**|**Unrestricted**
**funds**
**2022**
**£**
**49,430**
**-**
**49,430**
**21,352**
**21,352**
**28,078**
**(6,221)**
**21,857**
**298**
**21,857**
**22,155**|**Total**
**funds**
**2022**
**£**
**156,542**
**-**
**156,542**
**122,782**
**122,782**
**33,760**
**-**
**33,760**
**43,847**
**33,760**
**77,607**|_Total_
_funds_
_2021_
_£_
_92,880_
_809_|
|---|---|---|---|---|
|||||_93,689_|
|||||_103,096_|
|||||_103,096_|
|||||_(9,407)_
_-_|
|||||_(9,407)_|
|||||_53,254_
_(9,407)_|
|||||_43,847_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 15 form part of these financial statements.
Page 6
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## BALANCE SHEET AS AT 1 APRIL 2022
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one year
10
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
11
Unrestricted funds
11
**Total funds**|**250**
**72,328**
**72,578**
**(2,050)**|**2022**
**£**
**7,079**
**7,079**
**70,528**
**77,607**
**77,607**
**55,452**
**22,155**
**77,607**|_250_
_35,810_
_36,060_
_(1,850)_|_2021_
_£_
_9,637_|
|---|---|---|---|---|
|||||_9,637_
_34,210_|
|||||_43,847_|
||||||
|||||_43,847_|
|||||_43,549_
_298_|
||||||
|||||_43,847_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ ................................................ **Buba Sahor Derek Boakye** Date: 08-Feb-2023 08-Feb-2023
The notes on pages 8 to 15 form part of these financial statements.
Page 7
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022
## **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 in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
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.
Ruff Sqwad Arts Foundation meets the definition of a public benefit entity under FRS 102.
## **2.2 Going concern**
Trustees and co-founders have reviewed the forecast for the next year to confirm that nothing will stop the charity from continuing its work. The charity is currently in a good position and will continue to strengthen its capacity to generate income and implement measures to become more sustainable.
## **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.
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.
Page 8
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022
## **2. Accounting policies (continued)**
## **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:
Equipment - 5 years straight line
## **2.6 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 in the Statement of financial activities as a finance cost.
## **2.7 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.
## **2.8 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.
Page 9
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022
## **3. Income from donations and legacies**
|Donations
Grants
Other Income
_Total 2021_|**Restricted**
**funds**
**2022**
**£**
9,466
97,646
-
107,112
_89,503_|**Unrestricted**
**funds**
**2022**
**£**
49,430
-
-
49,430
_3,377_|**Total**
**funds**
**2022**
**£**
**58,896**
**97,646**
**-**
**156,542**
_92,880_|_Total_
_funds_
_2021_
_£_
_1,997_
_89,503_
_1,380_|
|---|---|---|---|---|
|||||_92,880_|
||||||
## **4. Income from charitable activities**
|Studio Hire
_Total 2021_|**Unrestricted**
**funds**
**2022**
**£**
-
_809_|**Total**
**funds**
**2022**
**£**
**-**
_809_|_Total_
_funds_
_2021_
_£_
_809_|
|---|---|---|---|
|||||
## **5. Analysis of expenditure by activities**
|Delivery of workshops
_Total 2021_|**Activities**
**undertaken**
**directly**
**2022**
**£**
106,211
_86,332_|**Grant**
**funding of**
**activities**
**2022**
**£**
144
_569_|**Support**
**costs**
**2022**
**£**
16,427
_16,195_|**Total**
**funds**
**2022**
**£**
**122,782**
_103,096_|_Total_
_funds_
_2021_
_£_
_103,096_|
|---|---|---|---|---|---|
|||||||
Page 10
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022
## **5. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Organisational development
Grime Pays
Contractors - project specific
General project expenses
Shoot
Merchandise
Equipment
_Total 2021_|**Delivery of**
**workshops**
**2022**
**£**
4,850
29,886
24,894
39,032
6,473
1,053
23
106,211
_86,332_|**Total**
**funds**
**2022**
**£**
**4,850**
**29,886**
**24,894**
**39,032**
**6,473**
**1,053**
**23**
**106,211**
_86,332_|_Total_
_funds_
_2021_
_£_
_19,933_
_43,120_
_1,995_
_16,824_
_4,460_
_-_
_-_|
|---|---|---|---|
||||_86,332_|
|||||
**Analysis of support costs**
|Rent
Bank charges
Office costs
Professional fees
Depreciation
Marketing
General expenses
Travel
_Total 2021_|**Delivery of**
**workshops**
**2022**
**£**
5,318
5
698
4,725
2,558
884
1,484
755
16,427
_16,195_|**Total**
**funds**
**2022**
**£**
**5,318**
**5**
**698**
**4,725**
**2,558**
**884**
**1,484**
**755**
**16,427**
_16,195_|_Total_
_funds_
_2021_
_£_
_6,612_
_6_
_1,912_
_4,644_
_2,557_
_125_
_310_
_29_|
|---|---|---|---|
||||_16,195_|
|||||
## **6. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £900 ( _2021_ - _£800_ ), and preparation of accounts of £1,150 (2021 - £1,050).
Page 11
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022
|**7.**
**Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits_(2021 - £NIL)_.
During the year ended 1 April 2022, no Trustee expenses have been incurred_(2021 - £NIL)_.
**8.**
**Tangible fixed assets**
**Cost or valuation**
At 2 April 2021
At 1 April 2022
**Depreciation**
At 2 April 2021
Charge for the year
At 1 April 2022
**Net book value**
At 1 April 2022
_At 1 April 2021_
**9.**
**Debtors**
**2022**
**£**
**Due within one year**
Trade debtors
**250**
**250**
**10.**
**Creditors: Amounts falling due within one year**
**2022**
**£**
Accruals and deferred income
**2,050**|**Equipment**
**£**
**12,788**|
|---|---|
||**12,788**|
||**3,151**
**2,558**|
||**5,709**|
||**7,079**|
||_9,637_|
||_2021_
_£_
_250_|
||_250_
_2021_
_£_
_1,850_|
Page 12
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022
## **11. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Arrivals
Elevate Restricted Fund
FFL DND Podcast
Film
Grime Pays
GRM Threatre Project
Heritage Project
Joe Strummer Podcast
Museum Of London
Scholar Funeral
SEFS Serious sessions
SJP DND Podcast
The Winternship
YCHTB Summer Challenge
Restricted Fund
**Total of funds**|**Balance at 2**
**April 2021**
**£**
**298**
**-**
**28,715**
**-**
**1,987**
**6,585**
**-**
**-**
**4,000**
**-**
**-**
**-**
**-**
**-**
**-**
**2,262**
**43,549**
**43,847**|**Income**
**£**
**49,430**
**3,998**
**30,000**
**4,960**
**-**
**21,758**
**6,000**
**8,000**
**-**
**2,000**
**3,250**
**-**
**5,000**
**20,000**
**2,146**
**-**
**107,112**
**156,542**|**Expenditure**
**£**
**(21,352)**
**(3,790)**
**(53,840)**
**(70)**
**-**
**(23,644)**
**(6,000)**
**(1,955)**
**(3,107)**
**-**
**(3,620)**
**(900)**
**(3,914)**
**-**
**(590)**
**-**
**(101,430)**
**(122,782)**|**Transfers**
**in/out**
**£**
**(6,221)**
**-**
**7,213**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**370**
**900**
**-**
**-**
**-**
**(2,262)**
**6,221**
**-**|**Balance at 1**
**April 2022**
**£**
**22,155**|
|---|---|---|---|---|---|
||||||**208**
**12,088**
**4,890**
**1,987**
**4,699**
**-**
**6,045**
**893**
**2,000**
**-**
**-**
**1,086**
**20,000**
**1,556**
**-**|
||||||**55,452**|
||||||**77,607**|
Page 13
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022
## **11. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Restricted Fund
Elevate Restricted Fund
**Total of funds**|_Balance at_
_1 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_|
Restricted funds in the year are as follows:
**Elevate** - An arts council capacity building grant originally set for two years but extended by a further 12 months due to covid.
**Grime Pays** - An arts council grant to support the delivery of 3 industry immersive music projects for emerging talent.
**Joe Strummer** - A grant to fund, pilot and support the development of a youth podcast for 11-15 years olds designed to bridge the intergenerational gap.
**SEFS serious sessions** - Grant for Music workshop sessions for young and aspiring musicians and creatives
**FFL & Amplify LDN** - Grant for Music workshop sessions for young and aspiring musicians and creatives
**Grime Pays x RD** - A local authority grant to support the delivery of an industry immersive music project for emerging talent.
**SJP DnD Podcast** - A grant to fund a youth podcast for 11-15 years olds designed to bridge the intergenerational gap.
**Heritage Project** - A local authority grant to support the creation of a short documentary on heritage and a short music album from young people.
**FFL Small Grant DnD** - A grant to fund a youth podcast for 11-15 years olds designed to bridge the intergenerational gap.
**CML Project Mu-School** - A local authority grant to support music workshops within a local school.
Page 14
DocuSign Envelope ID: 0EBC56FE-CD93-4F95-9AB7-F34EB2EA56B8
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022
## **12. 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 2021**
**£**
**298**
**43,549**
**43,847**|**Income**
**£**
**49,430**
**107,112**
**156,542**
_Balance at_
_1 April 2020_
_£_
_2,160_
_51,094_
_53,254_|**Expenditure**
**£**
**(21,352)**
**(101,430)**
**(122,782)**
_Income_
_£_
_4,186_
_89,503_
_93,689_|**Transfers**
**in/out**
**£**
**(6,221)**
**6,221**
**-**
_Expenditure_
_£_
_(6,048)_
_(97,048)_
_(103,096)_|**Balance at 1**
**April 2022**
**£**
**22,155**
**55,452**|
|---|---|---|---|---|---|
||||||**77,607**|
||||||_Balance at_
_1 April 2021_
_£_
_298_
_43,549_|
||||||_43,847_|
## **13. Related party transactions**
During the year, Ruff Sqwad Music Ltd received payments totalling £62,443 (2021: £55,539) 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 15