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2021-03-31-accounts

Company Registration Number 10582100 Registered Charity Number 1173849

The NewBridge Project (A Company Limited by Guarantee)

REPORT AND ACCOUNTS For the year ending 31 March 2021

The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

The Trustees, who are also Directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Name The NewBridge Project Charity Registration Number 1173849 Company Registration Number 10582100 Registered Office Shieldfield Centre, 4 - 8 Clarence Walk, Newcastle upon Tyne NE2 1AL

Trustees

For the purposes of the Companies Act 2006, the Board of Trustees is the Board of Directors of the charitable company and is referred to as the Trustees throughout this report.

The Trustees of The NewBridge Project during the year and to the date of signing this report are as follows:

Ilana Mitchell (Chair) Jonathan Combe Sally Dixon Julia Heslop Ray Mills Dr Paul Richter Melanie Shee

Company Secretary

Rebecca Huggan

Bankers The Co-operative Bank, Norfolk House, 84-86 Grey Street, Newcastle upon Tyne, NE1 6BZ Independent Examiner Mr P O’Hara FCA, 4 Stoneyhurst Road West, Gosforth, Newcastle upon Tyne NE3 1PG

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Documents

The NewBridge Project is a charitable company limited by guarantee, incorporated on 25 January 2017 and registered as a charity on 18 July 2017. The charity is controlled by its governing document, its Memorandum & Articles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act.

The Directors of the company are also Trustees of the charity.

Eligibility for membership of the charity, and membership of the Board of Trustees, is governed by the Articles of Association. There are no restrictions in the governing document on the operation of the charity other than those imposed by general charity law.

Charitable Purpose

The NewBridge Project’s charitable objects are to foster and advance the appreciation and understanding of the arts for the benefit of the public.

Structure and Governance

The charity currently has a Board of 7 non-executive Trustees.

The Board meets a minimum of 4 times per year. A written Director’s report, quarterly management accounts, a meeting agenda and any other necessary Board papers are prepared by the Director and circulated in advance of meetings.

The NewBridge Project is governed by the Board of Trustees with a staff team (employed and freelance) overseeing the day to day operation, comprising of:

Director - Rebecca Huggan Programme Director – Niomi Fairweather Studio & Members Coordinator – Ruby Glover Artist Development Programmer – Daniel Russell Admin & Marketing Coordinator – Grace Denton Hannah Kirkham – For Solidarity Coordinator – Community Coordinator Elaine Robertson (start date Jan 2021) – Create / Disrupt Project Manager Izzy Finch (start date Jan 2021) – Programme Coordinator Beatriz Lobo (start date Feb 2021) Youth Worker – Kate Jeffries (start date Apr 2021) – Bookkeeper Niamh Cunningham

The Contribution of Volunteers

The charity makes extensive use of volunteers to support its activities.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT

For the year ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)

Recruitment and Appointment of Board of Trustees (Cont.)

Any person who is willing to act as a Director and is permitted by law to do so, may be appointed to be a Director by a decision of the Directors. Any Director appointed by a resolution of the other Directors must retire at the next Annual General Meeting following his or her appointment and may offer themselves for re-election and if any Director is required to retire at an Annual General Meeting the retirement shall take effect from the conclusion of the meeting.

Trustees are recruited through an open call out process for Trustees, describing the skills required. This is advertised through a range of accessible channels and networks. Trustees are elected to the Board based on discussions and recommendations offered by Trustees, the Director and external advisors to the organisation.

Trustee Induction and Training

New Trustees are inducted by the Director and current Trustees and are provided with a range of resources to support their understanding of The NewBridge Project and its activities, including a document detailing the role of Trustees and staff within the company.

Artists and other creatives who pay to join are known as Studio or Associate Members of NewBridge. They become members of the community, but they are not members of the company or charity

Reserves Policy

The Trustees have reviewed the charity's needs for Reserves in line with the guidance issued by the Charity Commission.

Policy to March 2021 - The Trustees aimed to hold a level of Unrestricted Reserves which would enable the charity to utilise sufficient financial resources to meet various liabilities which would crystallise if funding were to be withdrawn and/or it were unable to continue operating. The Trustees had agreed that the Unrestricted Reserves required for such purposes amount to approximately £36,500.

The Trustees also agreed to retain an additional allowance of £50,000 to enable the charity to respond flexibly to issues arising or appropriate initiatives that might be identified outside of its annual budgeting process. The target level of Unrestricted Reserves was therefore £86,500.

Policy from March 2021 - The reserves policy has been reviewed by the Trustees in April 2021 and we have set a new minimum Unrestricted Reserves level of £100,000. This amount is an increase on our previous level but considers all liabilities relating to the new premises and recognises the importance of retaining an appropriate level of reserves after a year of financial uncertainty caused by the pandemic.

In addition to this the Trustees also agreed to retain the additional allowance of £50,000 for future development initiatives or building moves as before.

Therefore, the target level of Unrestricted Reserves from April 2021 onwards is £150,000. The charity’s Unrestricted Reserves at 31 March 2021 are £160,469 which produces an additional degree of contingency for the organisation and to support and enable future development plans.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

OBJECTIVES AND ACTIVITIES

Grant Making Policy

The charity does not currently engage in grant-making activity.

Overview

The NewBridge Project was established in 2010 to provide exchange and support in an engaged and discursive community of artists.

NewBridge are an artist-led community that supports artists, creatives, curators and local communities. We produce a public programme that is responsive to the environment in which it exists, and that places experimental, collaborative, community-centred and socially conscious programming at its heart.

We support the development of artists and creatives through: the provision of space; artist development programmes (including workshops, talks, exchanges and crits); curatorial opportunities and an ambitious artist-led programme of exhibitions, commissions and events.

NewBridge is an important and vital part of the cultural infrastructure in the North East region. Our unparalleled offer for artists and creatives has resulted in rapid growth, demonstrating our ambitious commitment to championing and celebrating emerging talents.

We support artists to take a journey of artistic development with us. We work with artists at all stages of their careers and from all backgrounds. Our unique support system facilitates artists to develop their practice, build networks and skills and provides vital and defining opportunities, allowing them to find their place in the arts ecology and develop sustainable careers.

We nurture artistic talent, creating the necessary conditions for artists to thrive by providing the practical resources and support artists need to develop, produce and present new, pioneering artworks that challenge the way we experience the world.

Our outstanding programme is based on an artist-led model with studio members and the wider community creating a programme responsive to the environment within which it exists, and that places community-centred, collaborative and socially conscious programming at its heart.

We actively collaborate and work with local residents, community groups and those who may not have previously engaged in cultural activity.

– Throughout 2020-21 we engaged 22,082 audiences (of these 9,101 were active online audiences e.g., attending an event or accessing online artworks), 552,373 online audiences, and 1,250 active participants through our activity.

2020- 21 wasn’t the year any of us expected or co uld plan for. In a year marked by Covid-19 and multiple national and local lockdowns, it was a year of shifting and adapting plans, of responding quickly and urgently to many unknowns in an unprecedented situation, whilst exploring new ways of connecting with our communities and engaging audiences. Whilst it was a difficult year in lots of ways, we feel that we learnt some valuable lessons throughout that we hope to take forward.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

OBJECTIVES AND ACTIVITIES (Continued)

Overview (Cont.)

Our activities in 2020-21 made use of online and print platforms, as well as operating over 2 sites:

Our current model is based on meanwhile occupation of buildings, allowing us to benefit from peppercorn rent and business rates relief while sites await redevelopment. This enables us to provide affordable studio rates to the arts community.

We agreed a 5-year lease (with no break clause) with Newcastle City Council for the Shieldfield Centre, with a lease start date of 28 June 2021. This will give us a more sustainable base for our operations until 2026. This move will enable us to transfer all our operations to one site, better supporting staff capacity and our creative community.

Whilst our focus for 2021-22 will be the move to the Shieldfield Centre, our ambition as an organisation is to secure a permanent base for our operations following this 5-year lease, at which time we will adapt our business model to reflect this transition from a meanwhile to permanent model in order to ensure the future sustainability of the charity.

Strategic Objectives and Public Benefit

The Trustees understand and have discussed the implications of the provisions of the Charities Act 2006, which state that all charities must demonstrate that they are established for public benefit and have had due regard to the public benefit guidance issued by the Charity Commission.

The Trustees believe that the charity meets both of the key principles:

— Principle 1 There must be an identifiable benefit, or benefits:

To work towards our Vision, Mission & Values, the following strategic objectives underpin everything we do, demonstrating clear, tangible benefits.

Strategic Objectives

  1. Develop artistic talent through artist development programmes, networking, curatorial opportunities and shared learning.

  2. Provide opportunities for career development, employment and training within the visual arts sector in the north east of England.

  3. Provide space, facilities and resources for artists in the north east of England.

  4. Support the production and presentation of ambitious and pioneering new artwork outside traditional institutional frameworks.

  5. Provide a welcoming environment and community hub, creating a resource and programme for artists and the local community alike.

  6. Increase the number of people who experience, engage and participate in contemporary visual art, while increasing the depth and quality of their experience.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT

For the year ended 31 March 2021

OBJECTIVES AND ACTIVITIES (Continued)

Strategic Objectives and Public Benefit (Cont.)

— Principle 2 Benefit must be to the public, or a section of the public:

Each element of our work provides benefit to one or more clearly identified sections of the public, whether the artistic community or the general public, who can access and enjoy the work produced as a result.

NewBridge’s beneficiaries are therefore entirely appropriate to its aims and the wider public benefit from its work.

A ll of these benefits are clear, evidenced and relate directly to NewBridge’s aims. In addition, the Trustees do not consi der that any significant detriment or harm flows from NewBridge’s work.

Risk Management

The Trustees regularly review the major governance, operational and financial risks which the charity faces as part of its annual business planning process and confirm that systems have been established to mitigate these risks.

NewBridge has a risk management strategy in place which comprises:

The Trustees are satisfied that appropriate financial systems and controls and employment policies and practices are in place.

The Trustees consider the key risks facing the charity at this time and the mitigating actions taken to be as follows:

  1. Loss of building(s) sooner than anticipated/or loss of building before a viable alternative is secured would jeopardise our ability to deliver services.

  2. The lease for the Shieldfield Centre is for 5 years with no break clause on the landlord’s side – whilst this isn’t a ‘forever’ solution it gives us a greater level of sustainability than any of the previous properties that we have occupied.

  3. We negotiated with landlord of Carliol House to extend our lease beyond March 2021 and had a rolling tenancy at will agreement which took us to the end of May 2021, leaving only a short gap in provision for studio members.

  4. We gave 6 months-notice on our Gateshead space in Apr 2021, meaning we will be vacating the premises just under a year ahead of the intended lease end date. We recognised that it was prudent to move all studio members to the new Shieldfield site at the same time, rather than be left with no provision for people in Gateshead beyond Oct 2022.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

OBJECTIVES AND ACTIVITIES (Continued)

Risk Management (Cont.)

  1. Impact of Covid-19 on income generation, potential loss of studio members, and interruption to planned programme and activity.

  2. Financial / loss of studio members - We managed the long-term financial impact of –

  3. Covid19 in 2020-21 by using our reserves to reimburse studio rent between April September 2020 to support members facing financial hardship during this time. This meant that we retained studio members who would otherwise have had to leave, thus ensuring greater financial stability in the long term. However, we are yet to see what the end of restrictions or the long- term affects the pandemic will have had on artists’ livelihoods so we will monitor this on an ongoing basis.

  4. Studio closure - We now have safety measures in place which mean we would be able to keep the studios open as a place of work for studio holders, even in the event of another lockdown.

  5. Interruption to planned programme – We anticipate interruption to planned programme throughout the year, which has already occurred due to the delay in easing of lockdown restrictions.

Over the past year we have adapted delivery plans over the last year so feel well prepared to respond and adapt to differing levels of restrictions, and we are confident that we can provide a high quality and inclusive programme of activity for new and existing audiences. We will also ensure that when we do start delivering in person activity, we are safe and take all necessary precautions to limit the spread of Covid 19.

  1. Long-term sustainability of funding after high-level fundraising success could demonstrate a potential risk to the long-term delivery of the exhibition and commissions programme, and staff costs.

We have consistently reached and exceeded ambitious fundraising targets over the last 2 years, and as a result we have grown our programme and staff teamHowever, all core and project funding ends in the next 1-2 years, and any loss of support or reduction of funding from key trusts and partners would impact the organisation. In the past we’ve maintained a small staff team and fluctuations have largely resulted in reduction in output, whereas now we want to ensure we can sust ain the team we’ve grown and strands of the programme we are delivering in the long-term.

Ways to mitigate the risk:

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

OBJECTIVES AND ACTIVITIES (Continued)

Risk Management (Cont.)

The Trustees also manage the general financial risks arising by ensuring that:

ACHIEVEMENTS AND PERFORMANCE

Summary of the main achievements of the charity during the year

Delivery of Objectives 1, 2 & 3 including Key Achievements

The NewBridge Project supports artists to develop their artistic practice and build sustainable careers through a number of artist development programmes aimed at practitioners at different stages of their careers. The strands are:

Practice makes Practice (PMP)

PMP is an ongoing artist development programme of events and opportunities aimed at early to midcareer artists, encouraging life-long learning.

PMP is a major visual arts talent development programme for North East England; it is shaped by its members and the wider creative community to ensure it develops in response to their needs and interests, creating a forum for shared learning, critical conversation, space for networks to cultivate and new opportunities and practices to emerge.

The programme is open to all NewBridge members (Studio and Associate), as well as through attending a one-off event.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT

For the year ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the main achievements of the charity during the year (Cont.)

The PMP model is wide-reaching to encourage broad engagement with the programme to support personal, professional and creative development. The model is varied and includes:

Between April 2020 – March 2021 we delivered: 12 PMP events, 61 one-to-ones, and 6 digital commissions, engaging 132 Studio Members, 53 Associate Members, 59 TCS Members & a further 335 active participants and 649 digital audiences. We offered 29 free, 6-month associate memberships and a further 10 , free annual memberships from October 2021.

We commissioned 6 x PMP Online Resources which were published on our website between October 2020 – March 2021. This series of digital commissions explore current contemporary art practice, shared learning, critical conversations, and collaboration, and have reached an audience of 549 people.

A selection of PMP events in the last 12 months include: 4-month buddy scheme to connect artists during lockdown, EVENT_STUDY in partnership with Bad Spirits (Gateshead), peer-led Intro to Funding Event, Tax & Self-Assessment Workshop with bookkeeper Neisa Reid, Cook and Crit with Will Stockwell, and ‘Applying for funding’ group seminars.

We also hosted 61 one-to-ones with NewBridge staff alongside regional curators including; George Vasey (Curator, Wellcome Collection / Curator Turner Prize 2017), Katie Hickman (Curator, BALTIC), Irene Aristizabal (Head of Programme, BALTIC), Helen Welford and Olivia Heron (both Curators at MIMA).

The grant is also supporting the PMP Residency which provides artists with time and space to develop their practice within the NewBridge community, and programme PMP during their time with us. This residency has been postponed due to Covid restrictions; however, artist due Abel Shah will join us for a 2-week residency in 2021, which builds on events they have hosted with us in 2020-21.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT

For the year ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Free associate membership bursaries : we are committed to ensuring that our artist development programme and support is accessible to artists from a range of backgrounds, supporting everyone to have an opportunity to develop a career in the arts. This year we offered 29 free, 6-month associate memberships and a further 10, free annual memberships from October 2021. These bursaries were for artists and makers from low-income households and gave full access to our programme of events and development opportunities.

The Collective Studio (TCS)

TCS is a 10-month development programme for early-career and/or recent graduate artists and creative practitioners. It provides practitioners with affordable studios & workspace, access to peerled training and development events, mentoring and a series of professional creative opportunities to develop and challenge practice outside of an institutional framework and generate resilient and imaginative approaches to creative practice.

TCS purposefully takes a flexible approach to its curriculum, providing a range of different opportunities to suit a diverse range of practices, with a regular programme shaped by and for its members. It evolves year on year, shaped by its cohort of members. TCS is run by NewBridge in partnership with Newcastle University & its Institute for Creative Arts Practice.

Between April 2020 – March 2021 we delivered: 13 TCS events, 35 socials, 3 intensive 2-day workshops. This has engaged 59 TCS Members across 2 cohorts.

– We worked with TCS members to produce a series of online workshops and exhibitions including SCRAMBLE and 3[rd] WAVE which engaged participants across both cohorts. We offered 2 Associate memberships and 2 hot-desk memberships for those who face barriers associated with race, disability, age, gender identity, sexuality and/or class, and 1 Studio Membership bursary to a disabled emerging artist, making the programme accessible to all.

– Much of the activity for the 2020-21 cohort had to take place online this provided a fantastic experience for Associate members not based in the region and is something we hope to build on with future iterations of the programme. Ensuring that we provide a blended programme which supports online and in person attendees.

We have built a fantastic new space at the Shieldfield Centre for The Collective Studio which will support collective learning and making. We will move studio holders on the 20-21 cohort to this space in June 21, and the new cohort will take up space in October 2021.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Create / Disrupt (C/D)

In February we launched Create/Disrupt, a new programme aimed at those with no creative degree, people who are underrepresented in the sector, and who might face barriers to developing a career in the arts or as an artist.

We hosted a number of informal online gatherings where we could get to know interested participants, and Project Manager Izzy Finch has been having regular one-to-one phone chats with people so we can ensure the programme is developed in response to interest and need.

We hosted an event in May with Ben Broome and Michael Fox, who did not go to university and are professional artists/curators. They discussed their pathway and journey in to becoming arts workers and will be offering insight, advice, sharing mistakes made and opportunities that helped them enter the world of professional arts workers.

We received funding from NCIF and SHED for pilot year for the project, but we hope that the learning from this year will help us to develop a long-term delivery and funding plan to continue this strand of artist development.

Partnerships

We have developed 2 key partnership projects as part of our artist development offer, both of which have diversified and increased what we offer our members and provided new and exciting opportunities for them to connect with creatives outside the region.

Delivery of Strategic Goal 3

We recognise affordable and accessible work and exhibition space is of key importance for artists and creatives to start/continue their practice, develop their careers and make new work.

We are committed to providing space to artists at any stage of their career, working primarily within the field of visual art, with a desire to be part of a diverse and critically engaged community of creative practitioners. Our studios nurture an inclusive, collaborative environment that allows artists to discuss and develop new ideas and projects.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

We have developed a tiered approach to workspace to suit the varying needs of artists. We provide individual studios, shared workspace, co-workspace, workshop facilities (darkroom, a woodwork shop, film lab, ceramics space) and project spaces. We will continue to develop production spaces and resources for artists by creating practice-specific spaces, allowing us to support more artists.

From April 2020 – March 2021, we have provided affordable studios and workspace for 132 Studio Members, 20 hot-desk members and 50 Collective Studio members across 2 sites between 2020-21, Carliol House and Gateshead High Street. We usually hired out flexible production / exhibiting space to regional artists or groups, however we have not been able to do this in 2020-21 due to Covid19.

We have agreed a 5-year lease (with no break clause) with Newcastle City Council for the Shieldfield Centre from June 2021, and which will house all our studio members from this time onward.

Building on our 10-year experience of occupying buildings on a meanwhile-use basis, we are actively participating in strategic regional and national conversations about affordable workspace and the importance of investment in longer-term/permanent sites for artist-led activity and studio provision.

These include:

Delivery of Objectives 4 & 6 including Key Achievements

We have delivered Objective 4 & 5 through our exhibition, commission & events programme, supporting regional and national artists at key points in their career to produce and show ambitious new work, engaging audiences and participants in the programme.

Our programme is artist-led and we develop curatorial, production and project management skills of practitioners in the region through working with a Programme Committee of artist members to create a responsive and diverse public programme.

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For the year ended 31 March 2021

The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the main achievements of the charity during the year (Cont.)

In 2020-21 we delivered 12 new/ongoing commissions, exhibitions and projects, working with 148 artists across these projects. Many of our projects were delayed or adapted as a result of the gallery space being closed for much of the year and not being able to work on collaborative projects with community groups in person because of Covid 19.

We produced 2 editions of the Lockdown Gazette - a printed newspaper to reach those who were digitally excluded, produced through a collective effort from the For Solidarity Network - a growing peer-support network of organisations, projects, initiatives and individuals across the North East initiated by NewBridge in 2018. We worked with 25 community and cultural organisations to produce the Lockdown Gazette , with 61 contributors producing content for the paper. We distributed 10,000 copies between May – November to communities who might not have access to the internet during isolation, via organisations already sending out essential deliveries.

For Solidarity is an ongoing project, that aims to nurture a growing peer support network of organisations, projects, initiatives and individuals across the North East. It was initiated by NewBridge and the Solidarity Economy Association in 2019, with the aim of strengthening and growing existing networks of solidarity for a more democratic, socially just and ecologically sustainable world that supports all our material and social needs. Through this we collaborate to deliver a wide range of projects, commissions, social events and a digital map. Our For Solidarity Project Coordinator has also given their time to support organisations in the network including Mutual Aid Group and North East Culture Against Racism.

Overmorrow is an ongoing festival running between October 2020 – July 2021, developed and produced by NewBridge and the Programme Committee, and has included a series of commissions, talks and events which explore our collective futures with audiences, members and communities. The programme includes 3 exhibitions (in person and online), 15 new commissions, working with 19 artists. The programme included:

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT

For the year ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the main achievements of the charity during the year (Cont.)

Bookshop

– Our unique artist-led bookshop was closed for much of the year due to Covid however, we developed a new integrated WooCommerce platform for our website, which we have been populating with a variety of artists’ books, zines, writing and magazines .

Through the bookshop we aim to host a programme of regular events related to print culture and have produced a number of online events and resources during the lockdown.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT

For the year ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the main achievements of the charity during the year (Cont.)

Delivery of Strategic Goal 5 & 6 including Key Achievements

The NewBridge Project seeks to be a welcoming space where artists, residents and local communities can come together to work, learn, socialise and support each other.

As we move to the Shieldfield Centre we are keen to ensure that the building and its programme provide an important and exciting resource for the artistic and local community alike. The hub will host a regular programme of cultural, education and social activity for the local community aimed at people of all ages and backgrounds.

We believe that our work at the Shieldfield Centre can have a deep and meaningful relationship with the people in the area, and a positive impact on the place they live.

As well as our activity at the Shieldfield Centre, it is vital that we maintain and continue to strengthen our relationships with local communities and partners in Gateshead where we have been working over the last 4 years. Whilst we will not be based there beyond September 2021, we will continue to work on collaborative, off-site projects in the area, and are committed to working in Gateshead longterm.

Shieldfield Youth Programme

In collaboration with Dwellbeing Shieldfield (a Community Benefit Society led by residents from Shieldfield) we have developed the Shieldfield Youth Programme, a new youth-led programme of activity built around the interests and needs of young people living in the area. It will create space for young people to come together in the place where they live and build new friendships, as well as offering opportunities for them to develop their skills and talents and to explore new ways of thinking and doing things together. It will empower people to become active members of the local community and will be locally rooted, thematically strong and will instil values of solidarity, social and economic justice, creativity and activism.

Since September 2020 we have been working with a newly established ‘Youth Working Group’ made up of 5 young people aged between 10-21 in Shieldfield. This is ensuring that we are working with young people from the area to develop a vision for the youth programme, and activities that respond to their interests and needs.

We recruited a Youth Worker – Kate Jeffries – in April 2021. Kate is working with a Youth Management Group (staff/stewards from NewBridge and Dwellbeing) alongside a Youth Working group – made up of young people living in Shieldfield to plan and deliver the youth programme, including activity programmes for half-term and summer holidays.

Radical Reading Library

We have been collaborating with individuals and organisations in Leeds, Sheffield, Cardiff and Peterborough to create network of radical reading libraries in partnership with independent publisher Pluto Press.

– The organisations have a common goal to support and empower people they work and engage with – and this collaborative project which will open local spaces and provide a wealth of educational tools which will be a catalyst for organic creative thinkers and critical minds across the country to come together. The library space will be based at the Shieldfield Centre.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the main achievements of the charity during the year (Cont.)

There will be access not just to books, but also the authors, who will bring their expertise on a variety of topics, such as grassroots organising, creative writing, campaigning, teaching, music and much more. As well as book clubs which will provide forums to debate local issues, taking the lead from the local communities we serve.

We also hope to work with local community organisations to build this library around local interests and topical expertise.

Delivery of Strategic Objective 6 including Key Achievements

The NewBridge Project are committed to delivering a diverse and varied artist-led programme that aims to maintain and attract new audiences and participants to our activities. This is embedded across all our programming and activities included above (studio/workspace, artist development, commissions and exhibitions).

Website

We launched our new website in December 2020 after around a years development. The new site showcases our activity more clearly, and also provides more flexibility and options to present new work and commissions online. As part of this we have created a new ‘Online Resources’ page, where we publish a variety of art works, resource and toolkits that support artists and communities to create and present new work, and learn from others.

FINANCIAL REVIEW

The out-turn for the year is an unrestricted surplus of £26,269 (2020: surplus £47,904). The surplus will be added to the charity’s Unrestricted Funds, which now stand at 31 March 2021 at £160,469 (2020: £134,200).

The Trustees consider the financial performance of the charity to be good and note that our financial planning has enabled us to be resilient and weather the Covid-19 storm, whilst providing crucial support to studio members through rent reimbursements, and despite receiving almost no government or other relief grants we have ended the year in a strong reserves position.

Supporters

The Board and staff of NewBridge would like to record their thanks to the funders and partners who made our work possible in 2020-21.

We received support from Arts Council England National Portfolio, Newcastle University via Newcastle Institute for Creative Arts Practice, Newcastle Culture Investment Fund, SHED, Weston Jerwood Creative Bursaries and Community Foundation.

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The NewBridge Project (A Company Limited by Guarantee) TRUSTEES’ REPORT For the year ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Supporters (Cont.)

We worked closely with a number of regional partners to deliver projects and joint initiatives, including: Artist Foodbank Network, BALTIC Centre for Contemporary Art, Big River Bakery, Citizens Advice Gateshead, Chilli Studios, The Comfrey Project, connected Voice, Digital Voice, Dingy Butterflied, Dwellbeing, The Eclipse, Equal Arts, Fulfilling Lives Newcastle and Gateshead, Gateshead Carers, Gateshead Council, Arthur’s Hill Mutual Aid, MIMA, Newcastle City Council, Newcastle Safeguarding Board, Newcastle University, Pineapple Black, North East CVAN, Recovery College Collective (ReCoCo), Roots and Wings, Sail Creative, Shieldfield Art Works, Shieldfield Forum Café, Shipley Art Gallery, Solidarity Economy Association, The Star and Shadow Cinema, Sunderland University, Tara Properties Limited

We worked closely with a number of regional partners to deliver projects and joint initiatives, including: AxisWeb, CAMP (Plymouth), Castlefield Arts (Manchester), CCSkills (for Creative Career Week), Eastside Projects (Birmingham), East Street Arts (Leeds), G39 (Cardiff), Good Press (Glasgow), GradJOB (Edinburgh), In Session (Edinburgh), Into the wild (Chisenhale, London), Primary (Nottingham), Skippco (Leeds), Spike Island (Bristol), Turf Projects (Croydon).

We have also been part of a network of 150 organisations taking part in the Weston Jerwood Creative Bursaries programme, which has provided invaluable cross-organisation support and learning throughout the year.

PLANS FOR FUTURE YEARS

We have been working towards become more sustainable and resilient and have funding as an Arts Council England National Portfolio Organisation (NPO) until March 2023 (extended due to Covid-19).

We had core funding until March 2021 from Newcastle Culture Investment Fund (NCIF) through the Community Foundation and Newcastle City Council, and were successful in securing a year’s further funding from NCIF through their Stabilisation grant for 2021-22. We plan to submit a new application to NCIF in Autumn 2021.

We have a partnership agreement with Newcastle University to develop and deliver The Collective Studio programme until August 2023 and are exploring a number of partnership models beyond this point.

We have secured 2 years of funding from SHED which will support project work and staff capacity until March 2022.

We secured funding from Weston Jerwood Creative Bursaries to support a one-year fellowship for a Programme Coordinator, who was recruited in February 2021.

This support has provided our team with a base of core funding from which to operate and develop the organisation.

We have developed a 1-year detailed business plan and budget for 2021-22, which will inform our activity and delivery over the next year.

18

The NewBridge Project (A Company Limited by Guarantee) TRUSTEES, REPORT For the year ended 31 March 2021 PLANS FOR FUTURE YEARS {Cont.I We are at a crucial year in our development, and it is essential we continue to manage partnerships, raise funds and attract investment in order to secure longer-tem funding for activity and staff. We will also begin to look for a new building for our operatsons after our 5 year-lease al Shieldfield, thus ensuring the long-term stability and sustainability of the organisation. RESPONSIBILITIES OF THE TRUSTEES The Trustees (who are also the Directors of The NewBridge Project for the purposes of company law) are responsible for preparing the Trustees, Annual Report and Ihe financial statements in accordance wrth applicable law and United Kingdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the tharitable company and of the incoming resources and applicalion of resources, including the income and expendrture, of Ihe charitable company for that year. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then appty them consistently; observe the methods and principles in the Charities SORP., make judgments and es*'mates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slatements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime Ihe financial position of Ihe charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustees Ray Mills Trustee Company Registration Number 10582100 27 September 2021 19

Independent Examiner’s Report to the Members on the Unaudited Accounts of The NewBridge Project Limited for the year ended 31 March 2021

I hereby report to the Trustees/Members of The NewBridge Project (Charity Registration Number 1165182) on the accounts for the year ended 31 March 2021 set out on pages 21 to 31.

Responsibilities and basis of report

As the charity’s Trustees (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner’s Statement

Since the Company’s gross income exceeded £250,000, your examiner mus t be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountant in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods or principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial reporting Standard applicable in the UK and Republic of Ireland (FRS102)).

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.

Pete O’Hara, FCA, Chartered Accountant

Fellow of the Institute of Chartered Accountants in England & Wales

4 Stoneyhurst Road West, Gosforth, Newcastle upon Tyne NE3 1PG

27 September 2021

The NewBridge Project (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2021

Note
Income
Income from Donations & Legacies
3
Income from Charitable Activities
4
Total Income
Expenditure
Cost of Raising Funds
5
Expenditure on Charitable Activities
6
Total Expenditure
Net Income/(Expenditure)
Balance brought forward
Balance carried forward at 31
March
12		 Unrestricted
Funds
Restricted
Funds
Total
2021
Total
2020
£
£
£
£
71,288
162,561
233,849
106,093
92,034
20,000
112,034
151,187
163,322
182,561
345,883
257,280
473
-
473
3,691
136,580
116,278
252,858
238,631
137,053
116,278
253,331
242,322
26,269
66,283
92,552
14,958
134,200
18,366
152,566
137,608
£160,469
£84,649
£245,118
£152,566

The notes on pages 23 to 31 form part of the financial statements.

All the activities of the company are classed as continuing.

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

21

The NewBridge Project (A Company Limited by Guarantee) STATEMENT OF FINANCIAL POSITIONIBALANCE SHEET AS A T31 MARCH 2021 2021 2020 Notes Fixed Assets Tangible Fixed Assets 8,312 4.729 Current Assets Debtors Cash at Bank & In Hand 10,107 281,895 292,002 19,948 170,793 190,741 Creditors- Amounts Falllng Due Within 1 Year 10 155,1961 142,904) Net Cu￿ent Assetsl(Liabilities) 236,806 147,837 Total Net Assets 11 £245 118 £152 566 Represented by.. Unrestricled ReseNes Restricted Reserves 12 12 160,469 84,649 134,200 18,366 £245 118 £152 566 The notes on pages 23 to 31 form part of the financial statements. The Trustees are satisfied that for the year ended 31 March 2021 the charty was entrtled to exemp150n under section 477121 of the Companies Act 2006. The Ttustee5 also confirm that the Members have not required the charity to obtain an audrt in accordance with section 476 of the Companies Act 2006 The Trustees acknowledge their responsibilities for.. li} ensuring that the chafity keeps adequate accounting records which comply with section 386 of the Act, and lill preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profrt or loss for the financial year in accordance wrth the requirements of section 393. and which otherwise comply with the requirements of the Act ￿lating lo financial statements, so far as applicable lo the charity. These flnanclal ststements were approved and stgned by a Mernber of the Board of Trustees on 27 September 2021. Ray Mllls Trustee Company Registration Number 10582100 22

The NewBridge Project (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting Policies

Basis of Preparation

These financial statements have been prepared in compliance with the Companies Act 2006, FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)), and the Charities Act 2011.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash Flow Statement

The Directors have taken advantage of the provisions of the Financial Reporting Standard Number 1, which exempts small companies from the need to prepare a cash flow statement.

Income

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy.

The following specific policies are applied to particular categories of income:

23

The NewBridge Project (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting Policies (Continued)

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Operating Leases

The charity classifies the lease of certain types of equipment as operating leases as the title to the equipment remains with the lessor. Rental charges are charged against income on a straight-line basis over the year of the lease.

Tangible Fixed Assets and Depreciation

Depreciation is provided on any fixed assets at rates calculated to write off the assets over their remaining useful lives as follows:

Leasehold Property Improvements - over the period of the lease IT & Office Equipment - 33% per annum straight line

A full year ’s depreciation charge is applied in the year of acquisition and no charge is made in the year of disposal.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

24

The NewBridge Project (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting Policies (Continued)

Financial Instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity.

Designated funds are unrestricted funds earmarked by the trustees for specific purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

Taxation Status

The NewBridge Project Limited is a Charity registered under the 1960 Charities Act and is accorded exemption from liability to taxation on its income under S505 Income and Corporation Taxes Act 1988.

Going Concern

There are no material uncertainties about the charity's ability to continue.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

2. Legal Status

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. The company law members of the charity are the members of its Board of Trustees.

25

The NewBridge Project (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

3. Income from Grants, Donations & Legacies

Donations
Grant Income
Arts Council England–NPO
Jerwood Foundation - Creative Bursary
Newcastle Cultural Investment Fund -
Core
Newcastle Cultural Investment Fund -
Learn & Do
Pen & Palette Fund
RTC North
Sabi Foundation
Sustainability.Health.Environment.
Development.		 Unrestricted
Funds
£
Restricted
Funds
£
2021
£
2020
£
-
-
-
3,092
71,288
-
71,288
70,000
-
6,581
6,581
-
-
25,000
25,000
30,000
-
9,980
9,980
-
-
1,000
1,000
-
-
-
-
3,001
-
20,000
20,000
-
-
100,000
100,000
-
71,288
162,561
233,849
103,001
£71,288
£162,561
£233,849 £106,093

Of the 2020 total of £106,093, £73,092 related to Unrestricted Funds and £33,001 to Restricted Funds.

4. Income from Charitable Activities

Income from Charitable Activities
Studio Membership Fees - Newcastle
Studio Membership Fees - Gateshead
Associate Membership
Collective Studio Membership
Newcastle University
Bookshop Sales
Museums & Galleries Exhibition Tax Relief
Other Income		 Unrestricted
Funds
£
Restricted
Funds
£
2021
£
2020
£
58,188
-
58,188
75,151
9,546
-
9,546
11,939
1,948
-
1,948
2,145
6,357
-
6,357
8,912
-
20,000
20,000
20,000
727
-
727
3,861
10,230
-
10,230
14,449
5,038
-
5,038
14,730
£92,034
£20,000
£112,034 £151,187

Of the 2020 total of £151,187, £131,187 related to Unrestricted Funds and £20,000 to Restricted Funds.

26

The NewBridge Project (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

5. Expenditure on Raising Funds

Bookshop Costs Unrestricted
Funds
£
Restricted
Funds
£
2021
£
2020
£
473
-
473
3,691
£473
£-
£473
£3,691

The 2020 total of £3,691 relates wholly to Unrestricted Funds.

6. Expenditure on Charitable Activities

Programme/Project Costs
Programme Expenditure
Salaries & On Costs
Website Development
Travel & Research
Support Costs
Rent, Rates & Water
Heat & Light
Cleaning & Waste
Repairs & Maintenance
Depreciation
Other Administration & Running Costs
Governance Costs
Independent Examiner’s Fees
Other Accountancy Costs
Legal & Professional Fees
Programme Committee Stipend
Trustee Meeting Costs		 Unrestricted
Funds
£
Restricted
Funds
£
Total
2021
£
Total
2020
£
-
51,869
51,869
69,221
44,845
63,409
108,254
80,356
2,598
-
2,598
9,706
192
-
192
3,213
47,635
115,278
162,913
162,496
24,174
-
24,174
23,461
22,580
-
22,580
24,496
9,337
-
9,337
10,686
4,097
-
4,097
3,633
4,344
1,000
5,344
2,443
12,218
-
12,218
6,260
76,750
1,000
77,750
70,979
1,080
-
1,080
1,080
2,265
-
2,265
84
1,150
-
1,150
13
7,700
-
7,700
3,950
-
-
-
29
12,195
-
12,195
5,156
£136,580
£116,278
£252,858 £238,631

Of the 2020 total of £238,631, £152,684 related to Unrestricted Funds and £85,947 to Restricted Funds.

27

The NewBridge Project (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

7. Net Income/(Expenditure)

Net income/(expenditure) is stated after charging/(crediting):
Independent Examiner’s Fees –current year
Depreciation of owned Tangible Fixed Assets		 2021
£
2020
£
1,080
1,080
5,344
2,443

8. Staff Costs & Trustees’ Remuneration

Staff Costs & Trustees’ Remuneration
Gross Salary Costs
Employer’s National Insurance
Employer’s Pension Contributions		 2021
£
2020
£
103,640
76,610
2,697
2,282
1,917
1,464
£108,254
£80,356

No employee received remuneration of more than £60,000 during the year (2020: Nil).

The average number of staff employed during the year, calculated as full-time equivalents, was as follows:

equivalents, was as follows:
2021 2020
No. No.
Artistic Production and Support 4 4

No remuneration has been paid to any Trustees/Directors in the year (2020: Nil), nor was any reimbursement made to Trustees in respect of their attendance at meetings of the charity (2020: Nil).

28

The NewBridge Project (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

9. Tangible Fixed Assets

Cost
At 1 April 2020
Additions in year
At 31 March 2021
Accumulated Depreciation
At 1 April 2020
Charge for year
At 31 March 2021
Net Book Value
At 31 March 2021
At 1 April 2020
10.
Debtors
Trade Debtors
Prepayments
Accrued Income
Other Debtors
11.
Creditors– Amounts Falling Due Within 1 Year
Trade Creditors
Other Creditors
Other Creditors–Studio & Key Deposits Held
Other Taxes & Social Security Costs
Deferred Income
Accruals		 Office &
ICT
Equipment
£
Leasehold
Property
Improvements
£
Total
Fixed
Assets
£
1,628
9,500
11,128
8,927
-
8,927		 Office &
ICT
Equipment
£
Leasehold
Property
Improvements
£
Total
Fixed
Assets
£
1,628
9,500
11,128
8,927
-
8,927
10,555
699
3,444		 9,500
20,055
5,700
6,399
1,900
5,344
4,143
£6,412		 7,600
11,743
£1,900
£8,312
£929 £3,800
£4,729
2021
£
2020
£
7,722
17,827
2,366
1,431
-
690
19
-
£10,107
£19,948
2021
£
2020
£
1,726
1,876
518
4
8,237
9,222
-
3,351
-
1,666
44,715
26,785
£55,196
£42,904

29

The NewBridge Project (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

12. Analysis of Net Assets between Funds

Fixed Assets
Debtors
Cash at Bank and In Hand
Creditors–Amounts Due Within 1 Year
13.
Analysis of Charitable Funds
Unrestricted Funds
Charity General Fund
Restricted Funds
Jerwood
Foundation
-
Creative
Bursary
Newcastle Cultural Investment Fund -
Core
Newcastle Cultural Investment Fund -
Learn & Do
Newcastle University
Pen & Palette Fund
Sabi Foundation
Seedbed Trust
Sustainability. Health. Environment.
Development.
Total Restricted Funds
Total Funds		 Unrestricted
Funds
Restricted
Funds
Total
2021
Total
2020
£
£
£
£
8,312
-
8,312
4,729
10,107
-
10,107
19,948
197,246
84,649
281,895
170,793

(55,196)
-
(55,196)
(42,904)
£160,469
£84,649
£245,118
£152,566
Fund at 1
April 2020
£
Incoming
Resources
in Year
£
Resources
Expended
in Year
£
Fund at 31
March 2021
£
134,200
163,322
(137,053)
160,469
-
6,581
(6,581)
-
4,203
25,000
(26,503)
2,700
-
9,980
-
9,980
12,063
20,000
(21,058)
11,005
-
1,000
(1,000)
-
-
20,000
(20,000)
-
2,100
-
(1,300)
800
-
100,000
(39,836)
60,164
18,366
182,561
(116,278)
84,649
£152,566
£345,883
£(253,331)
£245,118

30

The NewBridge Project (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

13. Analysis of Charitable Funds (Cont.)

Name of Restricted Fund Description, Nature & Purpose of the Restricted Fund

Jerwood Arts - Creative Bursary Towards the cost of participation in the Weston Jerwood Creative Bursaries programme Newcastle Cultural Investment Fund - Towards the Practice Makes Practice programme, Core 1 x commission, related staff costs Newcastle Cultural Investment Fund - Towards the cost of Learn & Do Learn & Do Newcastle University Towards the Collective Studio inc. staff costs Pen & Palette Fund Towards the cost of IT equipment Sabi Foundation Towards the cost of work with the Solidarity Economy Association to map the Solidarity Economy Seedbed Trust Towards the Deep Adaptation and Mapping project, inc. freelance / employed staff costs Sustainability. Health. Environment. Towards the cost of For Solidarity project, Youth Development. Programme, project work and events in Shieldfield, and associated staff costs

14. Taxation

The company is a registered charity and no provision is considered necessary for taxation.

15. Financial Commitments

No material financial commitments have been made in respect of future financial years.

16. Company Limited by Guarantee

The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.

There are currently 7 (2020: 7) members of the company.

31