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2022-03-31-accounts

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The Trustees/Non-executive Directors of Edgelands Arts present their report with the financial statements of the Charitable Incorporated Organisation for the year ended 31 March 2022.

Edgelands Arts formed as a Charitable Incorporated Organisation on 11 July 2017 with the objects of advancing the arts and education by:-

Trustees of the Charity as at 31 March 2022: Erin Braithwaite Julie Connolly (Chair) Stephen Foster Robin Owen Morley (Treasurer) – resigned October 2022 before independent assessment of these accounts

Edgelands Arts is based at The Art House in central Wakefield and is Co-Directed on a day to day basis by freelance artists - Tony Wade, Charlie Wells and Bev Adams - who lead on all projects in order to meet the organisation’s charitable aims.

In the financial year 2021/22, Edgelands Arts, along with many other organisations, began to rebuild after the severe impact of Covid-19 on the Creative Industries. Financial assistance received from Arts Council England Emergency Funds, Digital Resilience Vouchers, The Art House and Wakefield Council in 2020/21 provided the “fiscal smoothing” needed to complete postponed 2020/21 projects and for the creation and delivery of new projects in 2021/22.

Projects began in 2020/21 but continuing*/completed in 2021/22 (mentioned in 2020/21) report included:

New projects for 2021/22 included:

During this financial year, we worked with 1812 participants, 69% more than in previous Covid year, and more than in pre-Covid years. We had a live audience of 5640, 89% more than in pre-Covid 2020 and almost double than in pre-Covid years. The increase in participation and audience numbers are mainly due to us delivering 5 parades during 2021/22,

Edgelands Arts turned over £94K in 2021/22, an increase of 35% when compared £70K in the previous financial year and almost back to preCovid levels of income. These figures reflect the efficacy of the Covid-19 funding we received and our ability to build back our audiences, client and community bases. The company goes into 2022/2023 with a healthy balance of £41K which it will use to grow the company further.

EDGELANDS ARTS IS GOING CONCERN

When preparing these financial statements, the Board of Trustees has made an assessment of the Charity’s ability to continue as a going concern. The Charity is a going concern unless management either intends to liquidate it or to cease trading, or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management takes into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.

LOOKING FORWARD TO 2022/2023

With healthy finances to see us into the next financial year, secured projects for 2022/2023 include:

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