charit r¢ui5trntion number.. I1806i8 Superstar Arts CIO Annual Report and Financial Staiements for the Yrdr Endld i I fJeceTnber ?073 Ilod50n & Co l.'iston House I Wision Avenue VollhinL> West Sussex BN14 7QL Superstar Arts CIO Reference and Administrdtii'e Det8ils Tr$tel C R Noble TJHart A D R Dickinwn M J Ta)'lor 61 Kintssland Road PriDcipal Office West Sussex BN149ED Charity Registration Number 1180678 Independeni Examiner Hodson & Co Wigon House l ,1$ton Avenue Worthing Wesi Sussex BNI4 7QL Superstar Arts CIO Trustees, Report I'h¢ trustees pre5en¢ the annual report together wilh the financial gai¢ments ol- the charity tor the year ended 31 December ?0?3. Structure. goberngnee and managemellt Nalure of¥ov¥riiiiig df)tuineni Supersiar Ans li a Charirable Incorpordted Orvjnisarion (C.10) artd was converted from a Communiw Inierest Cornpan). (CICI in ?018. Our Lharity. number is 11806i8. RecritilieN¢ uppvinlmenl of¢nuiet The board has the poiver w appoini additional IneeS as it considers fil do so. None of Ihe tmsiees has any beneticial interest in the charity. Induc¢ioK irnining vliruslees Potential tru5ttes are selected on the basis of Iheir personal qualities, commiimenl and familiarity ii.ith the i5sue5 uivolved. New tnE5tees are tnade iamtliar iwiih the charity vision, 0ratIOn and goals bv dialogue with ekisling rrtrsonnel and provision literarute rtainin0 to chariry activiTh'. All trustees are alrcady familiar ivirh ihe praciical ivork of the charits. trustres are encouraged io attend all n%iNagemenr conynittee meeiiniws. Short trainin{J se55ions Ilf required) ¢0 frdtntliarise neiy trusiees ivith the charity and the conieKt %Trithin M"hich li operS are proFided interDally. Siiperstar Ans ivelcomld Anthony Dickinson and Nlatthei% -1 aylor as Nvo ne1 llusrtes u) Ma) ?O?i. Anihony and Maitheiv had previousl>. ]en aCtie 5portei and fundt2isers of SupeTSthr Arts for 10 >ears. Both have ,.h profile ita tht busin5 and Ial communiti. and are a i.aluabl¢ addiiK>n ¢0 the Supersiif Arts trle¢ board. Lono tem Superstar Arts trthstr¢ Chri5tin¢ Rvan resI¢d from h¥r position in De¢¢mb¢r ?0?3. The charit) l[LetS ale responsible for the .trenernl control and manaiTetTteni of the Chari.. holi'ever 10 ensLtre smooth tu[1 DI. ddy to dd) 5tNices. delega1¢ 10 itaIrerS Sullivan &. Juanne Tellinu iwho have Ihe rtquired knoivledge and sk"ilE to tnak"e oFMional dtcisions. All siruciural chantses iyill be presented 10 the tru5tee5 for approval. As Suptr5tar Art5 h&$ a contract i¥iih West Sussex Countv Council (WSCC) as an approved F)ay Sers'ice provider, the manavers Us¢ ih¢ir expert knoivlediye lu deal ii'ith learninbi disabled adult& liaisinv ii'iih s(Kial ivorkers. parenrs and Larers. Atier the departure ol- Joanne Tellin. in Mi a) ?0?3. there folloiyed a TE5trucluTE of roles and responsibiliries. Joanne's part-timc iole absoTbed a combination of manauer5 and senior Staff incfe&sinij hours and iak-inu on incrciEcd rL8IX)Tisibility'. In addition. in the AuNmn. eitrd hours N'ere allocaicd to SLnior staff to upport setup and session planninrtanr from Ociober 14,hen manatsers needed ro dedica a great deal of lime 10 ihe llY£si Sussex enga¥erneni events relaied io Ihe oming retendering ot day seryices. Mic na(Tets mel ii.iih lead conuni5550ner5 and corJtrdcI rnana£ers iTrithin l.ifeLon£ service5 commissionints team e%iabli.8h the neiv requirement5. FolloiTr'inv infoTmarion viv¢n io rneei the criieria. man3oers siancd rnLCtinu with other local providers IFerrin(T CC, M'ofthin IENCAP and Guild Carel which u]red in (kvelopinLT ideas 10 apply tuuethLY as a Consortium. Superstar Arts CIO Trustees, Report Resptsn.¥ibilities of die.4lfjiiaffers TimeiablintTr aciivilies and proi'idiM(y appropriate conienr that fulfils wson centred creative apd work-b8sed activiiies Includin revieils and planlliJ)Iv Financial planninu and day to da! manauemeni. PlanningTr and organisin projects thai create oppomujities for parricipaDts to L*e p051tively iViTh the comtnuDity. . Mallagring statr and volunteers. en5UrillU thev are conforThin? to appmved iVOTk prdCtiLes and dre dware vf the ulnerdbl¢ nature of txtrticipanis. . Managillg any safetsuardinij health &- sale(s' vr other concerns tha¢ may arise . Eieportino io INSe$ quanerls ivell workinu iiith them on issues relaiin¥ to their specific specialis. . Keweivs cIal worketslpatentOcar¢tS. . OTrerseeing da) io da}, or¢rdlion of day service Recruiiino panicipanis i'la social set%ices to ensure tna.Kimum tM>ssible (ee incotne Undertaking StatT sup¢r¥ision5 and apprdisals including pagioral suppon RecrLEitingintrrviwvints poienltal staff Recruitin? and supervisinu *olunteers . Writina applicaiions & ortianisints tundrai5inu acrii'itie5 . Liaising Mqth WSCC commissioning[Cha5]nF1cOmmun1ry teams_ . Attinding W'SCC Mark-et F.ntsatsetnent Eienr5 reuardino recomrnissioning 5erbices . Managing Service requirethenis . Maintaininu and monitotints of pa)ToII and swff contracis. Enga47in¥ in communiti. collaborations ManaftingT service requiremenis . Maintatning and monitorinu of pa%Yoll and staft'contracts. Engaging in comniunity eoilaboraiions Trustees and officers rhe trusrees and ollic¢ts scrvinij durinv the year and since thc >'ear end Wl'rc as (olloiv5'. Trusiees= C R Noble C Rvan Iiesiycd 4 Decernber ?023) TJHan A D R Dickinson {4¥1ted 17 May ?O?il M J Taylor {apwTrinted 17 May ?O?i) Page 3 Superstar Arts CIO Trnstee5' Report Obj£ttives and activilics Objects undaims To womote social inclusion for the public benctii b!. preventino people with learnin(T dis&biliries from becoming sociall}, excluded Reliei'iD" the T)eeds of an), such people i¥ho arL S(lallY clUdeI and LS[Ln0 them 10 intetrraie inio sOLitry. panicularl J bui noi exclusiNel)' bj" the provision of." I l ) educaiion in Ihe arts l?) rtLreaEional lacilittes and opp)rtWliLies . and 13) work ba5td learning and acrivities. Ohjecrfive.i. te84t& oiiductiVilie5 In Ibis r]nancial year su[$(2r hag adapt¢d to deal ivell wilh onooina chgn&)es &. coniinued to provide important Lreative and work related opportuni(i¢s for people with learnin(T disabiliiie5. it is our mission lo.. Use volunteers who are an importanl resource in delivering projects and acttwities for Superstar Arts participants. Volunteers ujTr"e their time freely but arc eljoibli for remun¢rn(ion ofco%is incurred for travellfood etc. As many of our panicipants require suppon io complLie ihe s(atlintTr fdtio ive are fvnded for does not alwa)'s alloiv for the wppon needed ivhilsi learnin VolunieeTS also plav an importan( role in providing participani support for social events. Deliver innovaiive. expressive & artistic exp¢ri¢nc¢% as w¢ll as work-bas¢d 1¢arnin and Social opportunitl¢S for r*oplt M'ith Ivarnin¥ disabili11. Use COEnmercial activities , applicatioljs and fvndraisin(r opportuDiiies 10 work ioiwdrds financial secuTIry. This includ¢5 incoine generdied from our online shop, cotTee bar. charitv shop and iJaidetL Adapt and revieiv our otyer in the lighE of changes in aduli dav services, specificalli, io expand the 'work based learnll)(T' ernpha%is of parricipani eYperi¢nc¥. This i*ill achieved mainlv by providino trainints and PTaciical Ivork experiettLe in" d¢si¥nin&T and priniin2 Supersrar pr(Klucts in our desiLTrnaied Print Siudio. our coftee shop. Lharity shop. rdenIn0 Project and in the Wra1)0n of our online shop. Enable people ivith learnin: disabiliries to explore social and emotional issues in a p)siiive. creative ivay. Provide creative oppothinities tor people ivith learning disabilities io develop their oivn id¢as and responses to ditferenr ideas aDd SiLuaLiou5 Promote Ihe healih, Ive11-Ing and encourdge leamino-disabled paniciF4nts to be as independent as possible. ¥hiIst sla}'in¥ safe. Flelp people develop friendship& improve social sk-ills and ww posiiive, pri¥Juciive re1lonshIpS rhai ii'ill provide suppon panicularly through challenoints limes. Create links with local groups and organisaiions that are public lacino io prchM)(e positive imaoes of people with learnin¥ disabilities. Superstar Art5 CIO Trustees, Rcport Maintain our base and main centre of aciivity iviihin ihe local comtnunity and liaise with the othners of ihe prewises. Wesi Ivurthinu Baprisi Church. in providin. services such as rhe jointly run on-siie coffee shop. Includin i¥h¢n possible 10 contribute lo buildin¥ refibIshTrnts via joini fiJtMJiD Encouraue leamino ihroutih a creative and i&ork based model, womoting discoiery.. questioninu and experinientaiion. as a i'ehiLle tu develop sell-esieem and confidence. Work wilh ople ieSpective of a¢ye. ethni¢ity. reli¥ion or trf)litical iieMs. Projects Mondav - Perfonning Ans. Eiprt%s & Create Ipainring. drawino le.lIes. prititino). cookin£> Tllesdai" _ Art and cOnUnI. printiTriT cookin¥ and gard¢ntng Wednesdav _ Art and Interprise, cook.ing i priniino Thursday E.xpress Yourself {painrin-. draivino Gdrdenin,. / Wi)odivoTk" Fridav _ Creative Enterprises sculpture. textile5, printinir anirnationl, Cooking Choir Mon io Fri Participanis are able 10 trake turns aCclDg iyork experience opwtunities where suitable in our cttLTet shop, online shop and chdtity shop. iblic heneJ7t The trusiees have ref¢ed to ihe tsuidance cot]tained in the Charity. ComTnisi50n's gerberdl guidance on public nefit ivhen revieivinu the charity's aims and objective% aTtd in planninu fiibjre aciiviite5. The trusi¢e5 coll1 that ih¢y have cvmpli¢d iviih the iequitements of seLtion 17 vf the Chariiies Aci ?01 I have due reqard to the public ntIll vuldltice published b}. the Charity Cominission for England alld 'dIes. Work Experience Opportuniiies for ihe Public tluring ?0?3 Superstar Arts provided several w'ork experienee opportunilies for local CQTtunllniti' members. In addilioft to the volunteer plaLes in our projecs and our charit), shop, i%DrK" e.Yperience places ivere provided to gcho)I pupils from Davisons HiJo School fui Girls. This ha5 deieloped relalions i¥iih Ihe school i¥bo have ortsanised 5ei-eral tundraisers in aid ofsuperstar Art5 and engendered conneaions in the ii'ider commuNTh'. P&iTe i Sup¢r5tar Arts Cio Trn5tees' Report Aebievements and performallce lieii. Pretnises - Print Studio From March ?0?3 Supersiar Ans look" on a srudio lease at 43 New Brthid%vay - i minuies walk from the nlD deliverv prctlli5es (Wesi Wonhino Baptist Church). lThis studio ha5 txcome SU[[ Arts d¢sii Inaied Prini Siudio iihich has proven enorniousl} useful in providing a Suitable space and itnpiovinv etliciency and quality ol our deliver). and ouipui of screen printed producis. This allo"5 prolS1On ot J eitra spaces for serviee use each dai, on a Tuex1av, Il'-e(InesdaJ and Thursday - and also piofvides ihe txxential for Super513r io eipand piojecls on Mondav or Friday, provide Saiutda) %WOTkshops and offer the st110 as a tented space on unoceupied day5. Lotter! fvndtn¥ ivas secured io pilot le running of ihe Prini Siu(fio and so fat has piuven d succegslul venture. Podcast With fundints from Creative Commissions. Superstar Arts wzs able to de¥elop a podcast named :Radio Superstar anaed by session insffucior Ellie Bond. Ellie suppons Service Use to create podcast eonieni InieThieisin local anists. creaiives and business owners. This is made available on various platfornis and shared via the Learning Provider Furum. New%lctter A bi-monthly neivslettLT IS now composed and circulated to our neDYork-_ The newslctter is user tsiendly and includes info on h]evemen and upcomi events. Fundraising SILperstar Ans coniiriu¢5 to b¢ proaclivt in raisinv bjnds via our annual t)anLeathvrL Summer and Chrisim Parties. During ?023 we is'ere also nominated as one of G{M)di¥.d Nlatshal Club'5 i chosen charities 10 51VPVrt lor that vear ivhich resUld in a very generous donation of £8000_ Creatii'e Projtets Creative projecis rLmain a vern. irnportant pan of our delivery iviih oThps beinu involved witli collaboration5 ¥ith local craft businesses, ¢oRccrts the -choir Srarters sin(Tinti Youp . Beach House Exhlbirion and InspiTÈd & Neighixiurh(xxl Siore. We also had success ivith the sale of artiyork at the ColonTkide House e.xhibition. Superstar Arts coniribuied to BBCI feawred anisi Ro). Keifs tosrallation at ShetTitld Park'5 -Winler l rnil. art eYent_ includints ArLEiC animals made from rec}'cled milk- cartons. We organised rrips io Hiohdoivn Gardens. Clapham i¥oods and Ihe Van Gogh Exhibition in Brighion a5 research towards our ?0?4 art Eyhibilion with the iheTne ot :Flord &- Fauna . Friendship Group, Breaks and Weekend Actii"ities "Ihis has been an irnportani tlemilli in the social activitie5 that SupeT5tsr Arts provides. The friendship or(Trup oftLrn eveninu Social evenis. short breaks and holida)"5. The [nole Jtights have become IncreigI popular and USU¢illy ai leasi one is oruanised per monih_ l)ue to titne and resource limitsiions Super5rar Ans h35 noi been able io provide breaks and holida¥s durin2 20?" but seek to re<5tablish Ibtse in ?0?4. 1.hese activirits have providLd participants iviih the oppominiry, io build and tnaintain a Social life &, develop important friendships, l]ilsi providin" parents and Carers (h¢ opkwmtunity of respite. Page 6 Superstar Arts CIO Trustees, Report Work Based Learning To suppTrn ihe ii'ork bed leamin¥ tnodtl %%'e coniinue the sucress aThJ development of vur Lhaiity shvp &. garden at the rvdr of th¢ shop. as ell the coftee bar ai the cofflmuniry church there we are based. All art proi?no stead). sources of u)¢ome and parcicipants are enjoying and d¢velopino from tht opportunities Ihey offer_ In addiiion our %¥"ebiite iva5 transferred io our own hosting scrvice: a1 we havc ¢reared our oivn onliTte shop pl accounts as cattied oui under seciion 14) of the Charities Act ?0 I l ('the ?0 I l Acr-l. In Out m). examinatKon I have followed Ihe Directions biiv¢n bi. tlie Chari co1$$10n under seciion 14i{iiibl of the ?01 l Aei. Independellt eyaminer's siatemeni Since th¢ Chariry's w55 incom¢ exceeded £1 -iO,(MM) vollr evminer musi be a member of a tY>dy listed in section 145 of the ?0 I l Act. I confimi Ihai l am qualified to undertake the ekamination because l am a meniber of ICAEW. Ivhich is one ol¢he listed boditts. I haiE completed my examination. I confirni ihai matters have come to Y attention in connection ivith the examinarion o jtrints tne cause to believe-. accountinu records ivere not kept in resTKCI OF Superstar Ans CIO as required by seciion 130 of the Act Aci: or the accounts do noi accord with ihose record5. or 3. the account5 do noi cornply I1th ihe accounLinu requirernents concerninLT the fom) and content of accounts set oul in the Charities (Accounts and Reports) ReQuIJon5 ?008 oiher than anj iequiFemenr Ihws from investing activtties Pllrd)ase of iantsible filed asse 13 {? j.(MJ!) Nei Idecrea5e)lin¢rease in $h and c&sh equivalents Cash and cash equivalenis at l Januarv (64 ?9.f) 13.0?0 lil.040 li8.0?0 Cash and c&fih equivalents ai 31 December 86.74) 151.040 All of the cash tlow5 ar¢ d¢rived from eontinutng ¢4Krations during the aErf)fve two periods. The notes on patse5 14 10 ?4 fom an intera1 part of these tinancial statements. Paije 13 Superstar Arts CIO ll'otes to the Financial Statements for the I'¢ar Fnded 31 DeceTnber 2023 I Ch#ritV 51alu$ The charity is a Charitable Incorporated Or isaiion (CIO) and consequentls. d(t5 not have a share capital. The addres5 of lis reIs{ered office is- 61 kingsland Rgad Worthin West Sussex BN14 9ED l Ae¢ounling polieies Surnmary of significant accounting policie5 aod key accouniing estillutes The principal accountin¥ EK)licies applied in Ihe prepardlivn of Ih¢se lll)ancial siaiements are set out below. These policies have beetl conslSteni4' applied io all the year5 presen lesS Othernise stat¢d. Statetnent of compliance "lThe fIn¢la[ stat¢ments hat been prepared in accordartce ity.ith the second edition of the Charities Stareni¢ni of Recotrunended PraciiLe issued in October ?019. Ihe Financial Reporting Stsndard applicable in rjie United inudom and Republic of Ireland IFRS 10?) and the Chiltities Act ?0 I i. Basis of preparatio Sup¢r5tar Ans CIO meeis the definiiion of a public benefit eDtiiJ' under FRS 10? Assets and liabiliiies are initially rtcognised at hisioiical Cost or transaciion value unless othernise sthied in the releyant accouniinL polic) noies. Going eonctrn ']he Irusiees consider that there are no maieridl uncenainiies abou( the Charit$ abilitv to coniinue as a (TOillL* concern nor anv 5i2nificani areas of uncenatnts ihat affeil the trdtryinu i'alue of asse held b) Ihe charity. The InJsi¥CS ve a reasonable expeciaiion that the charity ivill continue in optrational e.iistenLe lor Ihe lortr5ee4tble fuEure. The financial sthiements have therefore be¢n prepared on a goin¥ concern basis. lfteomf and eThdoH'ments All income 15 rtcognised once the charity has eniiilemeni 10 the income, li 15 probable thai Ihe income will be received and the amounr o( the income receivable can be measured reliably. legocies Donations are recoipni5ed ivh¢n ihe LhariN I5 been noiified in ivriiino of Ix)Ih the amouni selllemenr date. In the event that a donaiioii is subject io eondition5 Ihai require a letrel of perfortnance b!. the charit) before the charl. is entitled to Ihe funds. the incotne is dtterred and noi reLognised until eiLher those conditions are llY rnet. or ihe fulliitnent of those condilion5 is i%'holl* within the control of the charits. and it is probable thai ihese conditions i1411 be fvlhllcd in the reportinq perio(L Granls reL'eivahle Granis are reColS¢d when the eharity. kn an entirlemeni io the funds and an) conditions linked io the ¥Trants have been met. Ivhere pertorniance condiiions circ airached io the £rani and arc l'et 10 be Tnet: the income is reColsed as a liability and included on the balance shed a5 deferred income io be release(L Superstar Arts eio IYot¢s to the Financial Statements for Ihe lear Ended 31 December 2023 DeJerred income Dettrred income represents amounts received for future perrods and is released to incotning resources in the Ftriod for M"hich, it has been received. Such income is onlN defeTred i%'hen= - The donor specifies that the ¥rdni or (kaLlOn 51 only be used in fuiure accouniin¥ pth(xts- or - The donor has imposed condiiions i%thich mu51 be before the charity has uncondiliondl eniitlemeTri. Expenditure All exptndiiure is reco¥ni5ed {le there is a le1 or consttwctive obl juation io thai eXpendire, it is probable settltmtnt is required and the amour*r can be Meured reliablb. All cosis are 311otraied io the applicable ekpendiiure headinv thai a n£regaie similar cosrs io that cateOry. IlThere costs cannot bc dircctl> attributed to particular headings Ihe>' have tKen allocatthl on a bd5iS consimeni ii'ith the use of resourLes, Ivith central stalT Costs allocatLd on the basis ot lime spenL and depieciaiion charL? all0ed on the porti of the ass¢i's use. OthLY suppon costs are allocated b&s¢d on Ihe spread of stsff costs. 'rhLse are Costs incurred in atiractinE volunrary income. the mana¥etnenl of inYesmien¢s and those incLwred tn Iradin&F activities thai raise fulld5. Cliuriiuble aclivilief Charitable expendirnr¢ comprises Ihose c05ts incurred b) the charity in the deliery of ics acriviiies and services lor its benehciarits. li inclu(l¢s both costs can allocated direcil}' to such aciiviiies and ihose cos(s of an indirect naturL necessary. to Support them. Support Costs Sllpport cost5 include central functions and knve been allocaied io activity Cost caEL?oories on a basis eonsisieni ¥ith Ihe ust ol. rourc for eiample. dllocaiinL property COSLS by flour attas, or capiw s(aff cos(s by (he timL spent and other costs bi their usaue. GOtranCe costs These include the costs attribuiable to ihe charity's compliance ivith conslirutional and statutory requirements: illLludinn audii. Slr" re prtsented nvn-cutrent liabiliiies. Trade creditOT5 ar¢ r¢coLmised initiall). the wansaciion price and sthequenily measured at amort55ed cosl U5iniT rhe effective interesi meih(Kl. Borrowings Inlertst-btarin 05.7ftuJ are iniiially recorded at fair value. nei of transaction costs. Inrerest-bearing botroivtn4s are subsequenil) ]ed ai onied cost. i1.ith the difference beThveen thc pr(>cetds. nei of trnn5action cosrs. and the £wnouni due on r¢dempiion bein£ tised &% a chw th the Staiemeni of Finamcial Activitics over the period of the releN'ani tyfftoivin%J Iniertst expense is recoJts Jised on ih¢ basts of the etTective iDteresr method and is included in interest pas'able d similar charL7es. Borroivings ar¢ classified a5 cUent liabiliiies unless the charit)" has an uncondirional right io defer setiSement of the liability lor ai least bveli"e months after the rqK)rting daLe. e 16 Superstar Arts CIO ]%otes to the Financial Statements for the Year Lnded .11 December 2023 Foreign exthange Transactions in folF cllrrencies ore recorded ai Ihe tate of eichanue ai the dare of ihe rransaetion. Monetary asse15 and liabilities denorninaied in toreiithtr Currencies the balance sheei dale are reported ai the rates of exchatlge prevailin¥ at that dale. The results of overse&s operdtions are translated ai the averLoe rnes of e_xchange durino the period and their Emlance sheets at thc raLes rnling ai the balancL sheei dale. Ex¢han(ye differences ari.sing on tran%laiion ol. the openino net Isseis and results of overseas opernions are reported in orher comprehensive income arid accufftulated in equiry (aitribuled to non¥conin)Ilints inierests Is appioptiarel. Other exchange diflerences are reco£nis¢d in th¢ Sthtement of Financial A¢tiviti¢s th¢ Ftriod in ithich th¢y arise except for: 11 exchange differences on tra7¢1]0 entered tnto to htd¥e certain foreign currency ri5k5 (See above),. ?) e¥¢hange differences ari5ints ou gaiDS or 1055¢s on TM)n-mon¢tai)' iiems which ar¢ T¢1]S¢d in oth¢r comprehensive income. and 31 in the ca5¢ Of th¢ Consolided linancial statefftenL% exchan¥e ditlerences OD tnonetary items receivable from gr pllyable io a foreii¥n operation tor i*hich 5ittlttneni IS Deither planned nor lik.ely to occus ltherelore formin pan of ihe nei investmeni in the foreiJ N10n). hICh are recognised ir¢ other coniprehensive income ad reported under equity_ structurt Unrcstrici¥d income fund5 are qenerdl fi]Dd5 That are a?11able for use at the tru51ees discreiion in tllnherance ot the objecrive% of the charity- Restricted income hjnds are those dDt]iLted for a panicular area or for specific purposes. the use of which is rerIcted io that area or wrpose. Finaneial Instrument5 Cla.i5ificalio The Lharity onl). has faCial &sseis and liabiliies of a Lind thai qualify as basic financial instruments. Basic finanLial insiruments are iniliallN" [eLOIJP 15ed ai transaction vallle and subsequently mvdsured at their settlement value lIh the exception ot bank loans ib.hich 3r¢ subsequendy measured ai amortised cosi using the eftectii'e interest ethod. Page 17 Superstar Arts CIO l%otes to the Financial .Statements for the Vear Ended 31 December 2023 3 Income Irom donatiOJls and leua£ies Unrestricted fuDds CeNeral Restricted funds Tothl DonaLioTrs and legacies- Superfiiends Donaiions individuals Gift aid reclaimed GraJ)ts, uicludin(r capital urdnts= Governmeni ants 1.778 18.186 1.778 18.1¥6 1.337 l i,880 Total for 2023 22.8 li 37,176 TDtal for 2022 iO.840 6.101) 47.i40 4 Incoe from charitable actiTrities Unrestricted funds General fuiids Courses ?00.5)6 Total for 2023 100.ii6 Tot#1 for 2022 217,01 7I7.Ul Superstar Arts CIO Notes to the FinaD¢ial Statements for th¢ l'ear Ended .11 December 202.1 ) Income from other tradinu aetii'iiies Ullrestricied fwid5 General Tot21 fund5 Tradinu income", Salts ol.gwds and services i7.963 57.963 Total for i7.963 7.11&3 Total for 2022 i3.683 5.;.68i 6 Expenditure on rdising fllods a) Costs of irading actii'ities Lnrestrict¢d futtds Gell¢r#l Total funds Note Costs of goods sold 961 961 TTr¢al for 20?3 961 961 Tot21 for 2112? 2,i48 Paue 19 Superstar Arts CIO Notes to the Finantial Statements for the lear F.nded 31 Deeember 2023 7 EJpenditure chariiable actii-ities Unrestricted fuDds Generdl Resiricted runds Total funds Note CouTS¢S Allocated suptX)rt cos Ciovernance costs 276.i(MS 47.8)8 3,49) -7.809 ?89 17) 48.808 9iO Ttstsl for 20?3 3?7.719 334,478 Total for 20?2 In additiott to th¢ ¢xpendihJre analysed aboie, there are also uotr'ernance cosis of £i,49i1202? £? 971) Ivhich relate diwtly charitable aciivities. See noie 9 for fimher dcrails. 8 Other expenditure Lnre5tricted fuRd5 General Total fuDds Markeiints and publiciiy Other resources exttnded 1.436 i.006 1.436 i,006 Total for 2023 6.44) 6.447 Total for 202? l.i97 I I,)97 Page 20 Superstar.4rts CIO otes to the Financial Stat¢tnents for the Year F.nded .11 December 2023 9 Analvsis of governance and support costs Governance eosts L'Drestrictcd fun Getkerxl Tot21 funds SrattC05ts Other statTcosts Independent examiner fees Examinativn of the ffftan¢ial sthietnents Iwl tt¢s 488 488 1.6iO 1,357 1.650 I,ii7 Tntal for 2023 3,49) i,495 Total for 2022 10 Siarrcosts lthe aggregaie pa>roll cosrs ii'ere as follows= 2023 20?2 Si#ff costs during the bear were: Instructors Fees Siafl-S