Charity registrntlon number.. 1182588 Katie Bradford Arts Trust Annual Report and Flnanclal Statements for the Year Ended 30 June 2025 Fldd Sullivan Llmited 9 Hare & Billet Road London SE3 ORB
Katie Bradford Arts Trust Contents Reference and Admlnistrative Deta115 Trustees, Report 2toS Independerrt Exarniner's Report Statsrnent of Flnanclal A¢VitIeS Balance Sheet Notes to the Flnancial statements 9t015
Katie Bradford Arts Trust Reference and Administrative Detalls Kae Bradford Trustees Katie Bradford Timothy Dutton Josephlne Hilton Evelyn Smith Charity Rewstration Nurnber 1182588 Pyintipal OffKe Flat 1, 61 St Martin's Lane London WC2N 4JS Independent Examiner Fi@Id Sullivan Limited 9 Hare & BillEt Road London SE3 ORB Solkltors Russell-cooke LLP 8 Bedford Row London WCIR 48X 8anker5 CAF Bank Ltd 25 Kings Hill Aventse Klngs Hill West Malling Kent ME19 4JQ Page I
Katie Bradford Arts Trust Trustees, Report The Trustees present thelr annual report and financial ststements of the charity for the year ended 30 June 2025. Strurturn Governance and Mana ment The charity is an unlncorporated grant mèklng tnjst constituted and governed by a Trust Deed dated 8 February 2019. Itwas reglstered as a charity on 21 March 2019. It Was estsblished by Initial gifts from Katle Bradford. The charitydoes not activety fundrdi5e. The charrty was set up by 4 Inltlal trustees. who have all continued in that role through the year. The Trustees adminlster the charity under the terms of the trust, and In accordance wlth stotute and guldante. All trustees glve their tlme wlthout charge, and no trustee remuneration was paid during the year. There rnust be at least 3 trustee5 from time to time. An initial trustee is to hold office untll they cease to be trustee for one of the reasons in the Trust Deed. Thereafter. a further trustee is to be appoTrnted as the Trust Deed pro¥ides. by a re501ution of the trustees at a special rneetlng: in *lectlng persons to be trustee, the trustees are to have regard to the skills, knowledge and expeTien¢e needed for the effective admlni5tration of the charity. Ob" and Artl¥ttie5 The object of the charity as set out In tts governlng document is. for the publi¢ benefit to advance culture and the performance arts, particularly but not excluslvely by providing grants In support of theatre and opera. The Trustees have discussed approprlatè criterla for grants and thi5 process continues, wfth a written polrcy on grant rnaklng under developrnent. The Trustees confirm they rÈfer to the guidance contained in the Charity Commission's general guidance on publit benefit when revlewing the ¢harit¢s alms and otriectlves. In plannlng future actlvtties and setting the grant maklng policy for the year. Lhlevements and Performance The first grants pard by the Trust were 2020. In the year covered by this Report, th¢ Trustee5 revlewed the 8rants made and the art5 Charitles which have been supported by the Trust. They approved the general policv d approath to grant making which had developed over the previous 5 year5. They acknowledged the opportunlty presented by an increased donation to the charlty to increase the nurnber of the grants rne. and the total disbursed In grants. They decided that whi15t they would review each grant every year, in princlple they would contlnue this policy and approach for 3 to 5 years. The Trustees approved and paid grants to 16 charities to support the performlng arts. The Trustees progressed Management, regulatory and admlni5trative tasks so that the charity properly carried out objects. The majority of grants approved contlnued to be in pursuance of the established policy to form longer tern) relationships with those tharitle5 to which giants were given. The grants paid in the year were to the following charltées.. the Connections programme of the Royal Natnal Theatre which commissions new short plays and supports schools and youth theatre companies across the V.K. to present them locall¥. Page 2
Katie Bradford Arts Trust Trustees. Report Icontlnued) the Shakespeare Nation programme of the Royal Shakespeare Cornpany whSch 15 3 cornmunity partltipation programme run by the RSC and partner theatres around the U.K.. aimed at engaging people who have little tsr no experience of Shakespeare, either as a theatrtrgoer or perfornier. Clean BrÈak Theètre Company which is a women's theatre company, using theatre to keep the subject of womÈn in prlson on the cultural radar, through Workshops. support aFxI productions, both online and tourlng the U.K. Streetwise Opera whkh is a national opera company that enabFes people who have experienced homelessnets to find inspiration and empowerment, supporting pèrticipants to develop a5 creatlve people. and £hanging how Society vlews homelessness • Interact Stroke Support whrch uses professional actors to delNer a stlmulating varlety of readfjng rnatÈrial selerted to sult the needs of a stroke patient. within 18 hospitals and over 50 stroke Clubs atr055 the country Graeae Theatre Company which seeks to chanEe theatre and place Deaf. drsabled and neurodwergent actots, wrrters and direttors centre 5tsge and challenge the perCePtnS of theatregoers Fringe Futures Wgrk-ln-progress Festal part of the Plea5ance Futures Artlsts Development programme whirh showcases early stage new work from diverse theatre makers across the UK. Ardent8 programme run by Ardent Theatre Company whlch is a series of workshops and performante to support eady career actors from working clas5 backgrounds outside London. Musit of Life which sUPPOrts children and young people with a disability or speclal needs to actess and beneftl from musical engagement. Armonlco Consort throu8h their programme Memory Singers communlty choirs supporting people with dementla and their carers. Royal Ballet and Opera through the Create & Sing programme within theiv RBO Schoo15 programme * PèpatanEo Theatre Company which supports the next generation of playwrights especially those who may lack pathways Into theatre. through free training. performance and publlcatron, bursaries and seed hjnding. Hidden Spire at the Old Fire Stat40n Oxford. a prolect whlch brlngs together peoplÈ eKperieniTng homelessness or frdcing dr5advantage. with professional artlsts to create work, and sUPPOrt the disadvantaged to express themsefves creatNely. butld relat10115hlps and develop prartical skill& • Tara Arts through thelr natlonal development programme. South Asian Emerging Talent. English Nailonal Opera through their Flnish This programme for primary and Send schools to wpports teachers and pupi15to compose an opera. The English stage Company (Royal Court Theatre) for theSr New Dlrector< Pr8ramme to support theatre dlrertOTS With insights and mentorln& assistant dlrector roles and financial support. Page 3
Katie Bradford Arts Trust Trustees, Report Icontinued) FinJnci81 Review As at 30 June 2025, the charity had £98,Z27 cash In banL £33.(X14 on medium temi deposits and £21X) in premium bonds. It received a further donatlon durlng the year. There is no commitment to further donatlons but the Trustees have been informed that donatlons are likely to be made in future Years. Aware of the finanelal pressures on many charities in the performing arts sertor after the COVID-19 pandernlc and with high inflatlon and the cost of livlng increases In the year under report, the Trustees considered the appropriate P051tion of the charSty on grant giving and reserve& They decided to Increase the number and total value of grants durlng the year.. the Trustèe5 confirmed their decrsion that it was not appropriate to give gRnts for existentlal or life and death causes. or to assist or enable 3 rocipient financially to survwe short terni. The Trustee5 declded that applications to support or progress work to be performed. in person before an audience or by video, including the 5UPPOrt of artists. technlcal staff and activities ancillary to or leading toward5 perfDrmance of Such work. would be cot)sidered on their merits but was not the current focus o the Trust.- the Trust would rarely S¢FPPOrt Fndividual artists or students, or venues or companies working towards a productlon or season of productions. The Trustees decided that particular consideratlon would be given to pplltations from charities whlth 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 applicant charity had purely local. or a wider national effect. preferriftg th latter. The Trustèes agreed ènd paid grants to 16 tharltles which met those ¢terIa, as listed in the sectlon Achlevements and Performance. The Trustees decided it wa5 appropriate to reduce reserves now the level of grant-maklng had been decided rn princlple for the next 3 to 5 year5. Consistent with continuin8 policy, they considered that reserves could be fairly modest, but they considered it appropriate, in the continulng challenglng circumstances for the performance arts, to keep the position under revrew. Interest rates available on rnedium terrn deposits were starting to fall through the year ènd the Trustees <Jecided to vse those funds in a controlled way to fund part of the Increased grants. This year. they malntained fijnds of approxtmately £30K In medium term deposlts. The onlytomrnitted expendfcure is monthly bank char8es. Page 4
Katlè BradfLYd Arts Tfu# Trustee5' Aeport tionllftwdl thr TnSlev laporAl¢ ¢¥ the InNTees' antr tho p•n¢i •ctordante the At¢tnbTri 5ta•dwds IUThted Ac£ourthp£ Pvaitlc•': •trJ abpllraetle la afid rryul•ih)ns. whth ii¥è a tnje •no fair vie of the t of 4lh.rfs ot th? •no 01 ifti ffl(omy tturru •n appk(aty)n •1 Its1c•s oltho chanty hvlhi Drnod. 111 IMQP•ll hftonrw1-.!•L#1Nts thr Trustw¥ A TWYI-. to 4triP rv1pPffjd4 DrmClpl In ihp ftrffjrllAv% SfsRV ffj•tr Iwjiemonts •nd EsiJrTr•tes thal •it1rdXtht 41bd pFAthni', dKksott aTrd•ty•lvd in the IkTJ•ncl•l st4trrnep.fri." Ind eparE ihè fiMnc¥l Z•14trneiiis LN 1OMS8 to¢ bèsts 45 INoproprtst th•1 t ch•n. &wII con11ry In kntsin•s5 nse Inmteet fosgonsthle fDr pmper arcount¥le flrtS di5th3se r•sun•bbt •ttwatr 41 A<1 ?Qll the Charitto jA&counL ahd Vtporrsl Rtr4ul•uon5 iall; w#vr90fti 01 the nitUth7n Thp fr LtMEe ar 4tso foi lh assets Ll the chanTr irJ hence for fw th• or¥etfft and dotctiw ¢JthErJrTeeul•Tth T 7ru5ttts art reg)on5thJe lor tho rnaffir•tk•ntt ènd te¥ty ot the Inlorrn•tron Thè •nny•l iépon ppmwèd bythe Tryste•3 tsftschanry on. .. 4n# on tl* bthill by,. Lfr•il P•#e 5
Katie Bradford Arts Trust Independent Examiner's Report to the trustees of Katie Bradford Arts Trust I report to the ehartty Trustees on my examination of the actounts of the charity for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet and rdated notes. This report is made solely to the £harity$ trustees. as a bcxjy. in accordan¢e with sectlon 145 of the Charities Act 2011. My work h35 been undertsken so that l rnight stste to the Charitys trustees those matters l aTn requlred to state to them in this report and for no other purpose. To the fullest extent permltted by law, I do not aeeept or assumÈ responsiblltty to anyone other than the charity and the tharitws trustees as a body. for my work, for thi5 report or for the oplnions I hève formed. RespDnslbilitie$ and bosi8 of repDrt As the charity Trustees of Katie Bradford Arts Trust you are responsible for the preparatlon of the accounts in accordante wtth the requirements of the Charlties Act 20111.the Att'l. I report in respect of my examination ot the Katie Brndford Arts Trust's accounts carried out under seetlon 145 of the 2011 Act and in carrying out my examinatlon I have followed all the appllcable Dlrections given by the Charity Commlsslon under section 14515llbl of the Act. An independent examlnation does not Involve gathering the evidence that would be required an audlt and consequently does not cover all the matters that an auditor conslder5 in givlng their opinion on the financlal statements. The plannln8 and conduct of an audit goes beyond the limited assurance that èn independent examlnation can provlde. Consequently l express no oplnion as to whether the financlal statements prèsent a 'true and falr, view and my report is limited to those speclfic matters set out in the Independer¢t examinerfs statement, Independent examlnerfs stitement I have completed my exarnination. I confirn) that no material matters have come to my attention In connection with the examlnation givlhg rne cause to believe that in any material respect.. l. attounting records were not kept In respect of Katie Bradford Arts Trust as required by sertlon 130 of the Art,- OT 2. the ftnancial ststewnents do not accord with those records,. or 3. the financial statements do not comply wlth the accounting requirernents concerning the form and content of account5 set out Sn the Charfties (Accounts and Reports) Regulatk•ns 2(M)8 other than any requirement that the accounts gwe a 'true and falr view, which is not a matter considered as part of an Independent exarninatS0n. I have no COnmS and have tome across no other matters In connectlon wtth the examlnation to whlch attention should be drawn In thi5 report in order to enable a proper understandin8 of the accounts to be reached. Tim Sullivan FCA Field Sulltvan Limited 9 Hare & Billet Road London SE3 ORB Page 6
IRe8lstration ntsmber. 1182588) 8•Jao£e 5heot as at 30 June 1025 ?0 1024 Ilo lth+eumwiil¥ ?tAJ li 131232 126671 13 19591 J25.771 ]30.) vltl ¢h•ffty. unre£trAa•4 Ikn 125,971 I30.3 175.978 Th ItrMftd•l p•qt5 7 w LS yyovod by Injvws. •uihwF¥ed fo 15su tsn an4J OTI b K•be Brartditl Cb••r The on 9 to IS ftyrn an Init¥Trl part of thestr tyatemrfvrs P•8e
Katie Bradford Arts Trust Notes to the Financial Statements for the Year Ended 30 June 2025 l (h&rity status The charity is domiclled Tn England and Wales. The addres5 of Its registered office is.. Flat 1. 61 St Martln's Lane WC2N 4JS 2 Accou1n$ policies Statement of compliance The financial statements have been prepared in accordance whh Accountlng and Reporting by Char4tles.' Statement of Recornmend Practice applicable to charèties prep6ring their attounts in actordance wtth the Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191- Icharities SORP IFRS 1021- Second editron October 2019}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They also Comply with the CompanlesAcl 2006 and Charities Art 2011. Basls of prephration Katie Bradford Arts Trust meets the definition of a public benefit entlty under FRS 102. The a¢couTrts lflnancial statements) have been prepared under the historical cost convention with items recogni5ed at cost or transaction value unless otherwise stated tn the relevant notelsl to thesè atcounts. Golng concern The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Judgement5 and k•y 5ourye$ of èstimation uncertèiNty In the application of the chaiit¥l5 accounting policies. the Trustees are required to make judgements. estimates and assumptlons about the carrying amount of assets and liabiltties that are not readlly apparent from other souf¢es. The estimates and assoclated assumptior¢s are based on histoilcèl èxperieftte and other factors that are considered to be relwant. Actual results may differ from these estSmates. The estimates and underlying assumptions are revlewed on an ongolng basls. Revisions to accounting estimates are recognised in the periods In which the estimate Is revlsed where revr5ion5 affects only that perFod, or in the perlod of the revision and future per0d$ where the revlsions affectg both current and future periods. Iorne and endowrnents Voluntary Income Including donations, g5. legacies as)d grants that provide core fundinE or are of a gEnerèl nature 15 recognised when the charity has entitlement to the income. it is probable that the income will be received and the amoutr)t can be measured with sufflclent reliablllty. Oonotions and legacies Donatlons and legacie5 are recogni5ed on a receivable basls when recelpt is probable and the amount can be rellabW meawred. Page 9
Katle Bradford Arts Trust Notes to the Flnanoal Statements for the Year Ended 30 June 2025 (continued) Investment ioe Divrdends are recognlsed once the divldend has been declared and notlfication hès been rerewed of the dividend due. Expendibjre All expendltuie Is reco6nised once there is a legal or constructlve obllgatlon to that expendlture. It Is probable settlement Is required and the amount can be measured reliably. All costs are allocated to applicable expenditure heading that aggregate similar costs to that category. Where wsts cannot be dirertly attributed to partlculai headings they have been allocated on a basi5 tOnS15tent with the use of resources. with central staff tOSts allocated on the basis of time spent, and deprecFation charges allotated on the portion of the assevs use. other support costs are allotated based on the spread of staff cost5. thurltttble octNities Charitable expenditvre tomprFses those costs Incurred by the charlty In the delivery of Its activities and Services for its beneficlarles. It in¢ludes both costs that can be allocated diredly to such actltIeS and those costs of an indlrect nature necessary to 5UPPOrt them. Grnntprovlslons Provisions for grants are maile when the intention to make a grant has been communicated to the reciprent Jt there Is uneertainty about either the tlming of the grant or the èrnount of grant payable. Support ¢osts Support costs ltsclude central hjnctions and have been allocated to activity cost categorTres on a basis consistent wlth the use of resources. for example. allocating property costs by Aoor area5, or per capita. staff costs by the time spent and other costs by their ¢Jsage. Taxation The charity Is considered to pa5S the tests Set out In Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definttion of a charitable tompany for UK corporatitsn tax purpose5. Accordingly. the charity is potentially exempt from taxation in respett of income or capital gains recelved thin categorie5 covered by Chapter 3 Pèrt 11 of the Corporation Tax Act 2010 or Sectlon 256 of the Taxatlon of Chargeable Galns Act 1992. to the extent that such income 01 gèTrns are applied exclusNely to charitable purposes. Flxed asset investment5 Flxed asset investments. other than programme related investments, are included at Maet value at the balance sheet date. Reallsed gains and losses on inve5trnents are calculated as the difference between sales proceeds and their market value at the start of the year. OF their subsequent C05t, and are charged or credited to the Statement of Financial Actt¥ttie5 in the period of di5P05al. Unreallsed gains and los*s represent the movement in market values during the year and are credited or charged to the Ststemeht of Financlal Acifivities based on the market value at the year end. Page 10
Katie Bradford Arts Trust Notes to the Flnanclal Statements for the Year Ended 30 June 2025 (continued) Cash and ¢osh •qulvalents Cash and cash equlvalent5 comprise Cash on hand and call deposlts. and other short-temi hFghly IrquKI vestments that are readity convertlble to a known amount of cash and are wbjert to an in5ign4ficant risk of change In value. Fund structure Unrestricted intome funds are Eeneral funds that are available for use at the Trustee5' discretion In fvrtherance of the objertlves of the Charity. Page 11
Katie Bradford Arts Trust Notes to the Financial Statements for the Year Ended 30 June 20251continued) 3 Income ftom donatrons and legacies Unre5trKted nds Genèral Total 2025 Total 2024 Donation5 and legacies,. Donations from individuals GEft aid reclaimed 80,804 20.) 80,804 20,000 60,1J)O 15,0110 I(W).804 I¢J),804 75,iJJo 4 Investment inttlme UnYestrict•d funds General Total 2025 Total 2024 Interest Teceivable and simllar income,. Interest reNable on bank deposits 3.212 3,212 2.324 5 Exp•nditure on charitable activit5Es Totsl 2025 Total 2024 Note Grant fvnding of artlvities AIIDcated support costs 98.501 990 65,¢J)O 954 99,491 65.954 6 Analpis ol support $ts Total 2025 Total 2024 Independent examlnatlon Bank charges 930 894 60 990 954 Page 12
Katle Bradford Arts Trust Notes to the Financial Ststements for the Year Ended 30 June 2025 (continued) 7 6rant-makin8 Analys15 of grants The support costs asstxiated WTth grant-rnaking are £Nil130 June 2024- £Nill. Below are detjils of material grants made to institutions. 2025 2024 Name of Instt)n ArdeTrt Theatre Company Armonico Consort A¢tiv5ty 2.5CiO Arts at the Old Fire Station Big GNe Clean Break Theatre Clean Break Theatre English Nat£onal Opera Engllsh Stage Company Giaeèe Theatre 5,(Kll io,coJ 15,0 1,000 1.000 iO,OLKs Interart Stroke Support JMK Trust Mahogany Opera Group Music of Llfe Foundation PapatangoTheatre Cornpany Pegasus Opera Pksance Theatre Trust Royal National Theatre Royal Opera House Royal Shakespeare Companv Streetwise Opera Tara Arts 20,IX]O io,(Kx) 16,(M)O 25,( 20.(IXI 98.501 65,tKJo 8 Trustees rernunerètton and expenses No TTUStees, nor any pe0$ connected with them. have received any remuneration from the charFty durin8 the year. No trustees have received any relmbursed expenses or any other benefits from the charity durln8 the yeai. 9 Taxation The chartty is a registered charity and is therefore exempt from taxation. Page 13
Katie Bradford Arts Trust Notes to the Financial Statements for the Year Ended 30 June 2025 (continued) 10 Fixed asset investments 2025 2024 Other investment5 2C(J 21x1 Other investmerts Listed investments Total Cost orvaluation At l July 2024 200 200 At 30 June 2025 200 2 Net l)ook value At 30 lune 2025 2LKI At 30 June 2024 21X) 11 C•sh Ind cash equfvalent5 Z025 2024 Cash at bank 131,232 126,671 12 Credltors: amounts falling due WFihin one year 2025 2024 Accruals 929 893 Page 14
Katie 8radford Arts Trust Notes to the Financial Statements for the Year Ended 30 June 2025 (contlnued) 13 Funds Balanc• at i July 2024 Incomlng resources Resources •xpended Balance at 30 June 2025 Unre5trKted funds General 125,978 104,016 199,4911 130.503 Balance at i July 2023 Incoming reSoUrS Resources •xpended BalarKe at 30 June Z024 Unrestricted fuhd5 General 114.608 77.324 165.9541 125.978 14 Analysis of net assets bet• fvnds Unrestrrcted funds General Totsl funds at 30June 202S Fixed asset Investments Current assets Current liabllities 200 21x1 131.232 1929 131.232 19291 Total net assets 130.503 130,503 Unrestricted funds Gen•ral Totsl funds at aOJuM 2024 Fixed asset Investments Current a55ets Current liabilities 2(Kl 126,671 18931 126.671 18931 Total net assets 125,978 125,978 15 Related party transactions Durlng the year the chartty made thefollowing related partylransactlons- K&ti* Bradford Ichair M5 Bradford donated £80,80412024: £60,QX)I to the charity durlng the perlod. At the balance sheet date the amount due to/from Katie Bradford was £Nil12024- £NIII. Page IS