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Charity number: 1173218
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
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 - 17|
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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 2023
## **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 Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP **Independent Examiner** Janice Matthews FCA Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP
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## RUFF SQWAD ARTS FOUNDATION
## TRUSTEES' REPORT FOR THE YEAR ENDED 1 APRIL 2023
The Trustees present their annual report together with the financial statements of the Charity for the 2 April 2022 to 1 April 2023.
## **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**
**Elevate** : We have now completed our third and final year of Arts Council England, Elevate funding. In our third year we was awarded an elevate extension as a result of the pandemic and it;s hindrance to our efforts to build and strengthen our organizational capacity.
**The Winternship** : In 2022 we were successfully awarded a grant from Foundation for Future london for a 12 month paid development opportunity for 18-25 year old creatives to engage in high quality, industry-standard film/Screen/stage and music learning activities, creating a short film, providing work-experience, employment and progression pathways. The Winternship was developed with young people from the four Olympic boroughs, and predominantly from underserved backgrounds/communities. All young people on the programme gained paid training opportunities to shadow, learn and develop their skills via bespoke high quality workshops. 56% of participants went on to progress into further employment opportunities and 72% received support to set up their businesses.
**Arts Council Engand National Portfolio Award:** As part of our efforts to meet the creative demands of the youth and continue to support the needs of young people, we’ve successfully become an Arts Council England National Portfolio Organisation and will start to deliver various projects from April 2023-April 2026.
In approving the RSAF programming, the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
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## RUFF SQWAD ARTS FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 1 APRIL 2023
## **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.
## **b. Reserves policy**
The charity aims to have general reserves totaling £6,000.
## **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.
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## RUFF SQWAD ARTS FOUNDATION
## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 1 APRIL 2023
## **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 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: 26-Jan-2024
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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 2023.
## **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: 26-Jan-2024
Janice Matthews FCA
## **Menzies LLP**
Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP
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## RUFF SQWAD ARTS FOUNDATION
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 APRIL 2023
|**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net (expenditure)/income**
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**
**2023**
**£**
**125,547**
**-**
**125,547**
**133,111**
**133,111**
**(7,564)**
**(11,111)**
**(18,675)**
**55,452**
**(18,675)**
**36,777**|**Unrestricted**
**funds**
**2023**
**£**
**17,915**
**103**
**18,018**
**45,718**
**45,718**
**(27,700)**
**11,111**
**(16,589)**
**22,155**
**(16,589)**
**5,566**|**Total**
**funds**
**2023**
**£**
**143,462**
**103**
**143,565**
**178,829**
**178,829**
**(35,264)**
**-**
**(35,264)**
**77,607**
**(35,264)**
**42,343**|_Total_
_funds_
_2022_
_£_
_156,542_
_-_|
|---|---|---|---|---|
|||||_156,542_|
|||||_122,782_|
|||||_122,782_|
|||||_33,760_
_-_|
|||||_33,760_|
|||||_43,847_
_33,760_|
|||||_77,607_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 17 form part of these financial statements.
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## RUFF SQWAD ARTS FOUNDATION
## BALANCE SHEET AS AT 1 APRIL 2023
|**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**
**44,436**
**44,686**
**(8,040)**|**2023**
**£**
**5,697**
**5,697**
**36,646**
**42,343**
**42,343**
**36,777**
**5,566**
**42,343**|_250_
_72,328_
_72,578_
_(2,050)_|_2022_
_£_
_7,079_|
|---|---|---|---|---|
|||||_7,079_
_70,528_|
|||||_77,607_|
||||||
|||||_77,607_|
|||||_55,452_
_22,155_|
||||||
|||||_77,607_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ ................................................ **Buba Sahor Derek Boakye**
## Date: 26-Jan-2024
The notes on pages 8 to 17 form part of these financial statements.
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## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **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.
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## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **2. Accounting policies (continued)**
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 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
## **2.7 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 in the Statement of financial activities as a finance cost.
## **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.
## **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.
Investment income, gains and losses are allocated to the appropriate fund.
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## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **3. Income from donations and legacies**
|Donations
Grants
Other Income
_Total 2022_|**Restricted**
**funds**
**2023**
**£**
8,967
109,080
7,500
125,547
_107,112_|**Unrestricted**
**funds**
**2023**
**£**
17,665
-
250
17,915
_49,430_|**Total**
**funds**
**2023**
**£**
**26,632**
**109,080**
**7,750**
**143,462**
_156,542_|_Total_
_funds_
_2022_
_£_
_58,896_
_97,646_
_-_|
|---|---|---|---|---|
|||||_156,542_|
||||||
## **4. Investment income**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2023**|**2023**|_2022_|
||**£**|**£**|_£_|
|Investment income|103|**103**|_-_|
## **5. Analysis of expenditure by activities**
|Delivery of workshops
_Total 2022_|**Activities**
**undertaken**
**directly**
**2023**
**£**
158,343
_106,211_|**Grant**
**funding of**
**activities**
**2023**
**£**
200
_144_|**Support**
**costs**
**2023**
**£**
20,286
_16,427_|**Total**
**funds**
**2023**
**£**
**178,829**
_122,782_|_Total_
_funds_
_2022_
_£_
_122,782_|
|---|---|---|---|---|---|
|||||||
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## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **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 2022_
**Analysis of support costs**|**Delivery of**
**workshops**
**2023**
**£**
9,250
36,248
96,603
11,303
550
-
4,389
158,343
_106,211_|**Total**
**funds**
**2023**
**£**
**9,250**
**36,248**
**96,603**
**11,303**
**550**
**-**
**4,389**
**158,343**
_106,211_|_Total_
_funds_
_2022_
_£_
_4,850_
_29,886_
_24,894_
_39,032_
_6,473_
_1,053_
_23_|
|---|---|---|---|
||||_106,211_|
|||||
|Rent
Bank charges
Office costs
Professional fees
Depreciation
Marketing
General expenses
Travel
_Total 2022_|**Delivery of**
**workshops**
**2023**
**£**
3,493
6
3,386
8,036
2,642
-
1,342
1,381
20,286
_16,427_|**Total**
**funds**
**2023**
**£**
**3,493**
**6**
**3,386**
**8,036**
**2,642**
**-**
**1,342**
**1,381**
**20,286**
_16,427_|_Total_
_funds_
_2022_
_£_
_5,318_
_5_
_698_
_4,725_
_2,558_
_884_
_1,484_
_755_|
|---|---|---|---|
||||_16,427_|
|||||
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## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **6. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £1,200 ( _2022_ - _£1,000_ ).
## **7. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ . During the year ended 1 April 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ .
## **8. Tangible fixed assets**
|**Cost or valuation**
At 2 April 2022
Additions
At 1 April 2023
**Depreciation**
At 2 April 2022
Charge for the year
At 1 April 2023
**Net book value**
At 1 April 2023
_At 1 April 2022_|**Equipment**
**£**
**12,788**
**1,260**|
|---|---|
||**14,048**|
||**5,709**
**2,642**|
||**8,351**|
||**5,697**|
||_7,079_|
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## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **9. Debtors**
|**Due within one year**
Trade debtors|**2023**
**£**
**250**
**250**|_2022_
_£_
_250_|
|---|---|---|
||||
|||_250_|
## **10. Creditors: Amounts falling due within one year**
|Trade creditors
Accruals and deferred income|**2023**
**£**
**4,740**
**3,300**
**8,040**|_2022_
_£_
_-_
_2,050_|
|---|---|---|
||||
|||_2,050_|
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## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **11. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Elevate Restricted Fund
FFL DND Podcast
Film
Grime Pays
Heritage Project
Joe Strummer Podcast
Museum Of London
SJP DND Podcast
The Winternship
YCHTB Summer Challenge
Culture Mile Learning School
FFL Capital Grant
Good growth hub/New Direction
Pod
Lights Up Event
Newham Festival Show 2022
Royal Docks QBR event
St Jame's Place YCHTB
RDLAC Queens Jubilee Project
Thames Project Mu-School
Other Restricted Funds
**Total of funds**|**Balance at 2**
**April 2022**
**£**
**22,155**
**12,088**
**4,890**
**1,987**
**4,699**
**6,045**
**893**
**2,000**
**1,086**
**20,000**
**1,556**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**208**
**55,452**
**77,607**|**Income**
**£**
**18,018**
**45,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**20,000**
**-**
**14,260**
**16,000**
**2,000**
**4,500**
**5,520**
**7,500**
**4,450**
**3,000**
**3,000**
**317**
**125,547**
**143,565**|**Expenditure**
**£**
**(45,718)**
**(47,270)**
**(4,885)**
**-**
**-**
**(4,859)**
**-**
**(2,000)**
**(668)**
**(18,142)**
**-**
**(12,526)**
**(17,471)**
**(2,110)**
**(4,743)**
**(5,107)**
**(7,875)**
**(1,535)**
**(165)**
**(3,067)**
**(688)**
**(133,111)**
**(178,829)**|**Transfers**
**in/out**
**£**
**11,111**
**(6,000)**
**-**
**(1,987)**
**(4,301)**
**-**
**-**
**-**
**(418)**
**-**
**(500)**
**-**
**1,471**
**110**
**243**
**(350)**
**375**
**-**
**-**
**67**
**179**
**(11,111)**
**-**|**Balance at 1**
**April 2023**
**£**
**5,566**|
|---|---|---|---|---|---|
||||||**3,818**
**5**
**-**
**398**
**1,186**
**893**
**-**
**-**
**21,858**
**1,056**
**1,734**
**-**
**-**
**-**
**63**
**-**
**2,915**
**2,835**
**-**
**16**|
||||||**36,777**|
||||||**42,343**|
Page 14
DocuSign Envelope ID: 70A455C8-0424-450B-9EDC-1FA2A89603CBDocuSign Envelope ID: 1C6C96FF-DB1A-4C1E-900A-B119A6196E53
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **11. Statement of funds (continued)**
Restricted funds in the year are as follows:
**Culture Mile Learning** (Mu-school project) A collaboration with Culture Mile Learning to deliver a new innovative 1- week summer project called Mu-School for 14-16 year olds to explore some of the key elements of the music industry as well as taking part in workshops such as song-writing.
**Elevate** - An arts council capacity building grant originally set for two years but extended by a further 12 months due to covid.
**Foundation For Future London** (Capital Grant): A capital grant project to help repurpose and renovate our Hackney Bridge office space into an industry standard podcast space.
**Good Growth Hub Podcast:** A grant to lead and facilitate the delivery of a podcast for young black men in east london
to discuss various topics, issues and challenges they face growing up in east london.
**Lights Up Event:** A partnership with Certain Blacks to host a youth event showcasing young artists from around the UK at the exciting event - Lights Up.
**Newham Festival Show** : An opportunity for young people to create new music and perform across two days at the Newham Unlocked Festival.
**Royal Docks QBR Event** : An opportunity for young people to create new music and perform at the Queen's Baton Relay event as part of the Queen's Jubilee Weekend celebration.
**St Jame’s Place YCHTB Project:** 12 months funding to pay x2 youth graduates to support the delivery across weekly riday night sessions.
**RDLAC Queens Jubilee Project:** A collaboration with Royal Docks Learning and Activity Centre (RDLAC) to work with ocal Newham Based young people to create music for the Queen's Jubilee Celebration event in Royal Docks.
**Thames Project Mu-school:** A grant from Tower Hamlets Arts & Music ducation Service (THAMES) to deliver a 12 week pilot music project for 14-16 year olds.
**The Winternship:** A Westfield Foundation for Future London grant to deliver a 12 month paid learning film program for 18-25 year olds.
**Heritage Project:** A local authority grant to support the creation of a short documentary on heritage and a short music album from young people.
Page 15
DocuSign Envelope ID: 70A455C8-0424-450B-9EDC-1FA2A89603CBDocuSign Envelope ID: 1C6C96FF-DB1A-4C1E-900A-B119A6196E53
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **11. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Elevate Restricted Fund
FFL DND Podcast
Film
Grime Pays
Heritage Project
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_
_1 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 16
DocuSign Envelope ID: 70A455C8-0424-450B-9EDC-1FA2A89603CBDocuSign Envelope ID: 1C6C96FF-DB1A-4C1E-900A-B119A6196E53
## RUFF SQWAD ARTS FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2023
## **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 2022**
**£**
**22,155**
**55,452**
**77,607**
_Balance at_
_1 April 2021_
_£_
_298_
_43,549_
_43,847_|**Income**
**£**
**18,018**
**125,547**
**143,565**
_Income_
_£_
_49,430_
_107,112_
_156,542_|**Expenditure**
**£**
**(45,718)**
**(133,111)**
**(178,829)**
_Expenditure_
_£_
_(21,352)_
_(101,430)_
_(122,782)_|**Transfers**
**in/out**
**£**
**11,111**
**(11,111)**
**-**
_Transfers_
_in/out_
_£_
_(6,221)_
_6,221_
_-_|**Balance at 1**
**April 2023**
**£**
**5,566**
**36,777**|
|---|---|---|---|---|---|
||||||**42,343**|
||||||_Balance at_
_1 April 2022_
_£_
_22,155_
_55,452_|
||||||_77,607_|
## **13. Related party transactions**
During the year, Ruff Sqwad Music Ltd received payments totalling £52,025 (2022: £62,443) 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 17