charlty reglstratlon number: 1182588
Katie Bradford Arts Trust
Annual Report and Flnanclal Statements
for the Year Ended 30 June 2024
Fleld 5ulllvan Llmlted
9 Hare & Blllet Road
London
SE3 ORB

Katle Bradford Arts Trust
Contents
Reference and AdministratNe Detalls
Trustee5' Report
2to4
Independent Exarnlner's Report
Statement of Flnantlal Actlvhtles
Balance Sheet
Notes to the Flnanclal 5tstements
8t014

Katie Bradford Arts Trust
Referen￿ and Adminlstratlve Detslls
Chair
Katle 8radford
Trustees
Katle Bradford
Tlmothy Dutton
Josephlne Hilton
Evelyn Sm5th
Charity Re8lstratlon Number
1182588
Prlnclpal Office
Flèt 1. 61 St Martin'5 Lane
London
WC2N 4JS
Independent Examiner
Fleld Sullivan Limited
9 Hare & Billet Road
london
SE3 ORB
Sollcltors
Russell-cooke LLP
8 Bedford Row
London
WCIR4BX
Banker5
CAF Bank Ltd
25 Kln8s Hlll Aven¢Je
Klng5 Hlll
West Malling
Kent
ME19 4JQ
Page I

Katle Bradford Arts Trust
Trustees, Report
The Trustees present theli annual report and financial statements of the eharlty for the year ended 30 lune
2024.
Structuye Governan￿ and Mana
ement
The ch&FIty is an unincorporated grant making trust constltuted and soverned by a Trust Deed dated 8
February 2019. It was re£lstered as a tharlty on 21 March 2019.
It was establlshed by initial gifts from Katie Bradford. The charity does not actively fundralse.
The charlty Wa5 Set up by 4 Inltlal trustees, who have all contlnued in that role through the year. The Trustees
admlnlster the charity under the terms of the trust. and in accordance with statute and guldance. All trustees
glve their time without charge. and no trustee rernuneration was paid during the year.
There must be at least 3 trustees from time to tlrne. An Inltlal trustee Is to hold office untll they cease to be a
trustee for one of the reasons in the Trust Deed. Thereafter, a further trustee is to be appointed as the Trust
Deed provldes, by a resolution of the trustees at a special meeting.. in sÈle¢tlng persons to be trustee, the
trustees are to have regard to the skills, knowledge and experlence needed for the effectlve adminlstratlon of
the charitv.
Ob
ectives and Artlvltles
ThÈ object of the charity as set out in its govepnlng document Is, for the publlc beneffit, to advance culture and
the performance arts. particularly but not excluslvely by provldlng grants in support of tlieatre and opera.
T.he Trustees have dlscussed approprlate criteria for grants and this process contlnues, with a written pollcy on
grant making under development.
The Trustees confiim they refer to the guldante contaoned In the Charity Commlsslon'5 general guidance on
publlc beneflt when Feviewit7g the charitvs alms and objectives, in plannlng future activities and Setting the
grant maklng policy for the year.
Achlevem¢nts and Performance
In the year covered by thls Report, the Trustees approved grants to 10 ¢haritle5 and paid grants to 9 charltles
to support the pèrformlng arts.. the rernalning gfant was to Papatango Thealre Company to stspport thelr new
writing prize and was paid at the start of the year cornmencing l July 2024. The Trustees progressed
management, regulatory and admlnistratlve tasks so that the charity properly tarrbed out its objecls.
The grants approved conlinued to be In pursuance of the established policy to form longer term relatlonshlps
with those charities to whlch grants weye ghven. The grants paid in the year were to the following charities..
è the Connectlons piograwnme of the Royal National Theatre whlch commi5slons new short plays and supports
schools and youth theatre companies across thè U.K. to piesent them locally.
the JMK Memorial Trust which supports young and emerglng theatre dlrectors across the U.K. through an
annual award. and development/ workshop opportunitles.
the Shakespeare Nation programme of the Royal Shakespeare Company which is a community partlclpation
programme run by the RSC and partner theatres around the U.K. aimed at enga8lng people who have Itttle or
no experlence of Shakespeare. elther as a theatre-goer or performer.
Pa8@ 2

Katie Bradford Arts Trust
Trustees, Report (contlnuedl
Clean Break Theatre Cofflpany which is a women'5 theatie company, tsslng theatre to keep the subject of
women in prison on the cultural radar, through workshops, support and productlon5, both onllne and tourlng
the U.K.
Streetwlse Opera whlch Is a national opera company that enables people who have experienced
homelessness to find Ilbspiration and empowerment. supporting particlpant5 to develop as creatlve people,
and changlng how 50£iety views homele55ne55.
Interact Stroke Support whlch uses professlonal actors to dellver a stimulating varlety of reading material
selected to sult the need5 of a stroke patlent. within 18 hospitals and over 50 Stroke clubs across the ¢ountry.
Pegasus Opera Company which provlde5 opportunities for artists from African and Asian herStage acr055 the
U.K. promoting opera among people of all ages in underserved and culturally diverse communltle5.
the Snappy Opera programme of Mahogany Opera whlth is a schools programme. making and performing
new mlnpoperas.. thls year the focu5 contrnued into a speclallst school ISENDI.
Graeae Theatre company whlch seek5 to change theatre and place Deaf, disabled and neurodivergent actors,
writers and directors tentre Stage and challenge the perception5 of theatre-8oers.
Flnancial Rqvlew
As at 30 lune 2024. the charity had £73,239 tash in bank, £53,431 on medlum term deposlts and £200 In
prernium L7onds. It retèived a further donat40n durlng the year. There is no commltment to further donations
bul the Trustees have been informed that donatlon5 ale likely to be made In future year5. Aware of the
nanclal pressures on many charitles In the performlng arts sector after the COVID-19 pandemic and wlth high
Inflatlon and the cost of living increases In the year under report, the Trustees considered the appropriate
position of the charity on grant giving and ieseTve5. They decided to tontirTrtJe to exercise cautlon In glving
rants during the year: the Trustees confirmed their declsion that it wa5 not approprlate to g6ve grants for
exislential or life and death causes, or to asslst or enable a rectplent financially to survlve short term. The
Trustees declded that applications to support or progress work to be perfoimed. in person before an audlence
or by vldeo, iwbcluding the support of art4St5, technical staff and activitres ancillary to or leadlng towards
pÈrformance of such work, would be considered on thelr merlts. In addltlon, the Trustees declded that
pafticular consideiatlon would be given to applicatlon5 from charities which encouraged participation in the
performance arts by those often remote, disengaged or excluded from them. They also took into account
whether the work of the appllcant charity had a purely lotal. or a wrder national effect. prefeiring the latter.
The Trustees agreed and paid grants to 9 charitie5 which met ihose Crlteria. ès listed in the sectlon
Achlevements and Performance.
The Trustees declded It Wa5 appropriate to continue to hold reserves until they had a better overview of the
likely level of grant-making goFng forward. In princTrple. in normal times, they consldered that reserves could be
fairly rnodest, but they considered It approprlate. In the contlnvlng challenglng clrcumstances for the
performance arts, to keep the positlon under revlew. Interest rates available on medlurn term deposits were
strong through the year and the Trustees declded to fnaintain fvnds of approxirnatety £50,OOD in medlum term
deposlts.
The only commltted expendÉture is monthly bank charges.
Page 3

Katle Bradford Arts Trust
Trustees, Report {contlnued)
Statement of Tru5toe5' Re5ponslbllitle$
The Trustees are responsible for preparing the Tfllstees, report and the financial ststements in accordance
with the United Kingdom Accounting StandaTds (United Klngdom Generally Accepted Accountlng Pra¢tl¢el and
appllcable law and regulatlons.
The law applicable to tha¥itÈes reqvlres the Truslees to prepare financlal statements for each flnanclal year
whlch glve a true and falr vlew of the state of affalrs of the charlty and of the Incomlng resources and
appllcatlon of resources of the ¢harlty for that perlod. In preparlng these flnanclal statements, the Trustees are
requiied to=
select sultable accountlng pollcles and then apply them consistently,-
obseNe the methods and prlnclples In the Chartties SOAP,.
make judgernents and estlmates that are reasonable and prudent-
state whether applicable accounting slandards have been followed, subject to any material departures
dlsclosed and explained in the financial statements; and
prepare the finantial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The Trustees are responsTrble for keeping proper accounting records that disclose with reasonable accuracy at
any tlme the financlal poslllon of the charlty and enable them to ensure that the financial statements comply
with the Charities Act 2011. the Charitle5 (Accounts and Reports) RegulatloDs 2008, and the PTovlsions of the
constitutlon. The Trustee5 are a150 re5ponslble for safeguarding the assets of the charity and hence for taklng
reasonable 5tep5 for the prevention and detection of fraud and other irregularities.
The Trustee5 are responslble for the malntenante and Integrlty of the corporate and financial Infom)atlon
included on the charitable cornpany's webslte. Legislation governing the preparation and d1$5emlnation of
ftnancial statements may dlffer from leglslation In otherlurisdictlons.
The annual report was approved by the Trustees of the charity on 10 December 2024 and $4gned on thelr
behalf bv..
Katle Bradford
Chair
Page 4

Katie Bradford Arts Trust
Independent Examlner's Report to the trustees of Katie Bradford Arts Trust
I report to the charlty Trustee5 on my examination of the accounts of the charity for the year ended 30 June
2024 whlch compF15e the Statement of Flnanclal Actlvltles. the Balance Sheet and related notes.
Thi5 report is made 501ely to the charitW5 trustees, as a body, In accordance wlth section 145 of the Charltles
Act 2011. My work has been undertaken so that I mlght state to the charlW5 trustees those matters l am
requlred to state to thern in th15 report and for no othey puip05e. To the fullest extent permitted by law, I do
not accept or assume responsibility to anyone other than the charity and the ¢harlW5 trustees as a body, for
my work, for this report, or for the oplnlons I have formed.
Re5ponsSbilities and b•sis of report
As the charlty Trustees of Katie Bradford Arts Trust you are responsible for the prep3Tation of the a¢¢ounts In
accordance with the requirements of the Charitle5 Act 20111'the ACVI.
I report in respect of my examlnatlon of the Katle Bradford Arts Tfu5t's accounts Carrled out under sectlon 145
of the 2011 Act and In carrylng out my exafnination I have followed all the appllcable Oirectlon5 given by the
Charity Comm155ion under section 14515llbl of the Act.
An Independent eyaminatlon does llot InVo￿e gBthering all the evidente that would be required in an audit
and consequently does not cover all the matters that an audltor ¢owTrsiders in giving their oplnlon on the
financial statemènts. The plannlng and conduct of an audit goes beyond the limlted zs5urance that an
Independent examination can provlde. Consequently l express no oplnlon as to whether the financial
statements PTesent a 'trve and fair, view and my report is Ilmited to those specific mattèrs set out in the
Independent eyaminerfs statement.
Independent examlner's statement
I have completed my examlnètlon. I confimi that no material matters have come to my attention in connectlon
with the examination gNlng me cause to believe that in any material respect..
l. accountlng records were not kept In respect of Katie Bradford Arts Trust as requlred by sectlon 130 of the
Act,. or
2. the financtal statements do not accord with those records,. or
3. the financ431 statements do not comply with the accounling requirements concernlng the fomi ènd
content OF accounts set out in the Charities (Accounts and Reports) Regulatlons 2(n8 other than anv
requlrernent that the accounts glve a 'true and falr vlew whith Is not a matter consldered as part of an
independent examlnatlon.
I have no concerns and have come across no other matters in connection with the examination to whlch
attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be
reached.
TIM Sulllvan FCA
Fleld Sulllvan Llmlted
9 Hère & BÈllet Road
London
SE3 ORB
Date..
Page 5

Katie Bradford Arts Trust
IReglstration number: 1182588)
Balance Sheet as at 30 June 2024
2024
2023
Note
Flxed assets
Investment5
io
200
200
Current assets
Cash at bank and In hand
li
126.671
115,284
Creditors: Amounts falling du• within one year
12
18931
1876
Net current assets
125,778
114,408
Net assets
125.978
114,608
Funds of the charlty:
Unrestricted Income fund5
Unrestricted funds
125,978
114,608
Total funds
13
125,978
114,608
The flnancial statement5 on pages 6 to 14 were approved by the TTustee5. and authorTrsed for issue on 10
Dec
ber 2024 and slgn
on thelr behalf by..
Katie Bradford
Chair
The notes on page5 8 to 14 form an Integral part of these financi&l statements.
Page 7

Katie Bradford Arts Trust
Notes to the Flnanclal Statements for the Year Ended 30 June 2024
I Chaylty stattis
The charlty Is domiciled in England and Wale5.
The addless of Its registered offlce Is..
Flat 1, 61 St Martin's Lane
WC2N 4JS
2 A¢count5ng policies
statement of compllance
The flnanctal statements have been prepared in accordance wlth Accountlng and Reportlng by Charities..
statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the
Flnanclal Reporting 5tandaTd applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191-
(Charities SORP IFRS 1021- Second Èdition October 20191, the Financlal Reporting Standard appllcable In the
UK and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charlties Act 2011.
Ba515 ol Preparation
Katle 8radford Arts Trust meets the deflnition of a public bÈnefit entity under FRS 102. The accounts Ifinanclal
statemer¢ts1 have beÈn prepared under the histoilcal c05t convention wlth item5 recognised at cost or
transaction value unless otheiwise stated in the relevant notelsl to these accounts.
Going con￿rn
The Trustees consider that there are no material Un￿rtaIntieS about the charity's abllity to continue as a 8oln8
concern.
Judgements and key Sources of estimation uncertainty
In the applicatlon of the charTrty's accounting pollcies, the Trustees are requlred to make ludgements,
estlmates and a5svmptions about the carrylng amount of assets and liabilities that are not readlly apparent
from other source5. The estimates and assoclated assumptions are based on hi5torlcal experlence and other
factors that are considered to be fetevant. Actual results may dlffer from these estimates.
The estlmates and underlylng assumptlons are reviewed on an ongoing basls. Revlslons to accountlng
estlmates are recognlsed In the perlods In whlch the estimate Is revlsed where revisions aftect5 only that
perlod. or In the period of the revislon and f￿Ure periods where the revisions affe£ts both current and future
periods.
Income and endowments
Voluntary income includlng donations, glfts, legacies and grants that provtde core fuhding or are of a genera
nature is rèco8nlsed when the charity has entitlement to the income, it is prtsbable that the income will be
received and the amount can be measured with sufflcient reliabi14ty.
Donotion$ und legucies
Donations and lÈga¢les are reco6nised on a recelvable basls when receipt Is probable and the amovnt can be
reliably measuFed.
Page 8

Katie Bradford Arts Trust
Notes to the Flnanclal Statements for the YÈar Ended 30 June 2024 {contlnued)
Investment income
Dlvldends are recognised once the dlvldend has been declared and notificatlon has been recelved of the
dlvidend due.
Expenditure
All expenditure 15 recognised once there is a legal or constructive obllgation to that expèndlture, It Is probaljle
settlement És requlred and the amount can be measured rellably. All Costs are allocated to the appllcable
expenditure heading that aggregate slmilar costs to that category. Where tosts cannot be dlrectly attributed to
partlcular headlngs they have been allocated on a basis consistent with the use of resources, with central staff
cost5 allocated on the basis of time spent, and depreciation chaT6es allocated on the portlon of the asset's use.
Othet support Costs are alk)cated based on the spread of staff costs.
Churltoble ￿tIVItIeS
Charltable expendlture compr15es those cost5 Incurred by the chaTÈty In the delfvery of its actlvltles and
servlces for Its beneficlailes. It Include5 both costs that can be allocated directly to such activities and those
cost5 of an andarect nature necessary to support thern.
Grontprovisions
Provlsions for grants are made when the Intention to make a grant ha5 been communicated to the reclpient
but there Is uncertalnty about elther the tlmlng of the grant or the amount of grant payable.
Support Costs
Support costs Include central function5 and have been allocated to artivity cost categories on a basls
consistent with the use of resources, for example, allocating property Costs by floor aieds, or per cap5ta. staff
costs by the tlme spent and other costs by thelr usage.
Taxatlon
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Flnance Act 2010 and
therefore It meets the deflnStlon of a thaTltable cownpany for UK corporation tax purp05e5. Accordingly, the
charlty Is potentlally exernpt fiom taxatlon In respect of income or capital galns received withln categorles
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such Income or galns are applled exClus￿e1¥ to charltable purposes.
Flxed asset Investments
Flxed asset investmerbt5, Other than programme related investments, are Included at market value at the
balance sheet date. Realised gains and losses on investments are calculated as the dlfference between sales
proceeds and their market value at the start of the year. or thelr subsequent C05t, and are charged or credited
to the Statemellt of Finarlcial Actbvltie5 in the perlod of disposal.
Unreallsed galns and losses represent the movement In market value5 durlng the year and are credited or
charged to the Staternent of Financlal Adivitres based on the market valve at the year end.
Page 9

Katle 8radford Arts Trust
Notes to the Flnanclal Statements for the Year Ended 30 June 20241contlnuedl
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposlts. and other short-term highly Ilquid
Investments that are readlly convertible to a known amount of cash and are subject to an in5igniflcant risk of
change in value.
Fund strudure
Unrestrlcted income funds are general funds that are avallable for use at the Tru5tee5' discretion In
furtherante of the obiectives of the charlty.
Page 10

Katle Bradford Arts Trust
Notes to the Flnanclal Statements for the Year Ended 30 June 2024 Icontinuedl
3 Income ffom donations and leg?cles
Unyestrirted
funds
General
Total
2024
Total
2023
Donatlons and legacies,.
Donatlons from Individuals
60.000
15,IXJO
60,000
15.QOO
50,000
12.500
Gift aid reclaimed
75,orx)
75,000
62,500
4 Investment income
Unrestricted
funds
General
Total
2024
Total
2023
Interest recelvable and slmllar Income,.
Interest receivable on bank deposits
2,324
2,324
997
S Expenditure on charltablè activltle5
Total
2024
Ttstal
2023
Note
Grant fundlng of actlvitle5
Allocated support costs
65,000
954
65,000
1.065
65.954
66.065
6 Analysls of support costs
Total
2024
Total
2023
Independent examlnatlon
Bank charges
894
876
189
954
1,065
Page 11

Katie Bradford Arts Trust
Notes to the Financial Statements for the Year Ended 30 June 2024 Icontlnuedl
7 Grant-m3kFng
Analysis of grants
The 5UPPOrt Costs assoclated with giant-making are £NII130June 2023- £NIII.
Below are details of material grants made to Institutions.
2024
2023
Name of InstfjkutiDn
818 Glve Clean BreakTheatre
Clean Break Theatre
Artivlty
500
2,(X)O
1.000
1,500
1.000
Graeae Theatre
Interact Stroke Support
JMK Trust
I,OOD
iO,(YM)
1,000
10,000
2,000
2,000
25,000
20,OOL)
2,000
65.000
Mahosany Opera Group
Pegasus Opera
Royal National Theatre
Royal Shakespeare Companv
Streetwise Opera
25,000
20,000
2,000
65.OQN)
8 Trustee5 remuneration and eXpe￿9S
No Trustees. nor any persons connected wlth them. have recelved any remunefatlon from the charlty durlng
the year.
No trustees have retelved any relmbvtsed expenses or any other benefits from the charlty durlngthe year.
9 Taxation
The charity k a registered charity and is therefoTe exempt from taxatlon.
Page 12

Katie Bradford Arts T¥ust
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
10 Fixed asset investment5
2024
2023
Other investments
2CK)
other investments
Llstèd
investment5
Total
Cost or Valuatlon
At l July 2023
200
At 30 June 2024
200
200
Net book value
At 30 June 2024
200
200
At 30 June 2023
200
200
11 Cash and cash equlvalents
2024
2023
Cash at bank
126,671
115.284
12 Credltors: amounts falllng du• wlthln one year
2024
2023
Accruals
893
876
Page 13

Katle Bradford Arts Trust
Notes to the Flnancial Statements for the Year Ended 30 June 20241contlnued)
13 Fund5
Balance at I
July 2023
Incomlng
re50urce$
Resources
expended
Balan￿ at 30
Jun¢ 2024
Unrestrlcted fuhd5
Gen¢ral
114,608
125,978
Balance at i
J￿lY 2022
Intt*mlni
r050urces
ReSoUT￿5
expended
lance at 30
June 2023
Unrestrlrted fvnd5
General
117,176
114,608
14 Analy51s of net assets between funds
Unrestrlcted
funds
General
Total lunds èt
30June
2024
Flxed asset Investments
Current assets
200
200
126,671
1893
126,671
1893
Cltsrreni lialjllities
Total net assets
125,978
125,978
Unrestrlctèd
fund5
General
Total funds at
30 June
2023
Flxed asset Investments
Current assets
Current liabllities
200
115,284
18761
115,284
18761
Total net a55ets
114,608
114,608
15 Related partytransactlons
Durlng the year the charity made the following related party transactlons..
Katle Biadford
(Chairl
Ms B¥adford donated £60,00012023: £50.OWI to the charity duhng the perlod. At the balance sheet date the
amount due tolfrom Katle Bradford was £Nil12023 £Nill.
Page 14