ARTS EDUCATION EXCHANGE ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 March 2024 Charity number 1184494
Arts Education Exchan ANNUAL REPORT AND FINANCIAL STATEMENTS For the ar ended 31 March 2024 CONTENTS Report of Tru8te Ind•p8nd•nt Examin•Vs R•port stst•ment of Financial Acliviti8¥ Balance Shttt Notes to the Financial Stst•m•nts
ARTS EDUCATION EXCHANGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present Iheir report ¥th the financial Statements of the charity for the year ended 31 March 2024. Trustees from 1 Aprll 2023 10 31 March 2024. Name and offi¢e D*e app(xnted or resigned Chair.. Dr Tracie Trimmer-Pialman Appointed.. 1J1012021 Trustees.. Dr Alan Meade5 Michele Buchanan Emma Meades FCCA Victoria Barrow Wlliams Lizo Ngqobon9wana Paulo Moreira Gomes Kane Robert McArthur ApFointed.' 31103r2022 Resigne<l.'2210812023 Appointed.. 3110312022 Apinte<l." 0411212019 Rewned January 2024 Appointed.. 2011112022 Appoinled.. 2011012022 Appointed 2410512023 Appoinled 09102r2024 BANKER Ceroperative Bank 08JECTIVES AND ACTIVITIES Artg Educatson Exchange is a youth cffganisalion based in Margate, East Kent. Our focuy is lo hames8 the potential of young people., lo inspire social engagement through ¢ative process•¥ and lo provido pathways to continued edu¢abon, employment, or work-based training. We acl as a resource for young people up to the age of 30 years old. prOv1n9 advice and a$$istsn¢e and organiwng edtiOnal programme$'. Partilarty in the creative arts and other related disciplines and other activities a5 a means of". 1. Advancing Trn life and helpirvJ young peopk by deVeng their skn'lls, capacities and capabilities lo enable them to parbcipate in $¢xiety as independent. malvre and responsible indNiduals 2. Advancing education 3. Relieving unemployment
ARTS EDUCATION EXCHANGE REPORT OF THE TRUSTEES ICTD) FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Reserves policy The Company endeavours lo keep to three months. wnning costs in reserve to allow for &te receipt of inme. As at 31 March 2024 the reseryes stsnd al £239.942 and wll enable Trustees lo implement their otyectives over the next 12 months. Income Total income for the year ended 31 Marth 2024 wa$ £287,66212023 £365.046). Nel outgoing resources for the year were £39,43612023 net incoming £74,741). STRUCTURE, GOVER14ANCE AND MANAGEMENT Governing document The chanty is a Foundation Chantable IncorF<rfated Organisali¢)n and is controlled by a constitution. a copy of which con obtained from the Board Secrttary. Recruitment and appointment of new trustees As and when a new Iruslee is required. either due lo a vacancy or lo fr11 a new $pe¢ific need, individuals th the relevant skills are Identrfied and approache(I, If a trustee is deemed appropriate and 1$ wlling ID make the r•quir•d commitment, they are proposed to the 8oafd by the Chair. Induction and training of new Iruslees New Iruslees are fully briefed on the charity's •ctivib"es and procedures. Each trustee 1$ g¢ven an induction vthich sets out their responsIlities as a trustee. Organisalional structure.. Decis¢'ons are taken at meetings of the tru$tee8. Risk Management The trustees recognise their duty to idenbfy and mitigate Ihe risks to vknich the charity is exposed and to ensure that appropriate ntrOl$ are in aCe lo prowde reasonable assurance against fraud and error. PUBLIC BENEFIT The trustees confim that they have taken due regard to the public benefft guKlance published by the Charity Comrnissn when revithng the Trust'$ aims and objectives arHI in planning fijtU activities. Signed on behalf of the trustees Dr Tracie Trimmer-Platman DATE: 16 January 2025
INDEPENDENT EXAMtNER' S REPORT TO THE TRUSTEES OF ARTS EDUCATION EXCHANGE FOR THE YEAR ENDED 31 MARCH 2024 I report on the accounts of Arts Edu¢aiion Exchange for the year eThled 31 March 2024 which comprise the statement of financial activitie& balance sheet and lated notes sel out on pages 5 10 10. Respecfive responsibilities ofmembers andexaminer The truslees are reswnsible for the prepardtion of ihe accounts. The irnstees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Aci) and ihat an independent examination is needed. The ehariiy's gross income exceeded £250,000 and l am qualified lo undertske ihe examination by being a qualified member of the Insliluie of Chartered Accountants in England and Wales. It 15 my responsibility 10: ¢xamine the accounls under section 145 ofihe 2011 Act; to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b} of (he 2011 Act; and lo slal¢ whether particular matters have come to my attenlion. Bts of independeni examiner s reiwl My examination carried out in accordance wilh ihe General Directions given by the Charity Commissioner. An exarnination includes a review of the accouniing e0rd$ kepi by th¢ charity and a comparison of the accounts presenied wilh thos¢ records. It also includes consideraiion of any unusual items or disclosures in the accounts, and the seeking of explanations from you as mernbers ¢oncemin8 any such matters. The procedures undertaken do not provide all ihe evidence thai would be required in an audii and, consequently. no opinion is given as to wheiher the aoniS present a 'lrue 8nd fair view, and the report is limiied io ihose matters set out in th¢ statement below. Independenl examiner s siai¢m¢ In connection with my examination, no material malleTS have come to my attention which give me cause to believe Ihal in any material respect: the accounting records were noi k¢pl in accordance with stttion 130 of the 2011 Act; or the accounts did nol accord wilh ihe a¢¢ouniing records- or the ac¢ounts did not comply with the applicable requirements ¢oncerning the forni and content of the a¢¢ounts s¢t out in the Charities (Accounts and Reports) Regulations 28 other than any requirement to show a 'true and fair. view, which is not a matter considered &$ part of an independent examination. I have ¢om¢ across no other matter5 in connection with the examinalion lo which attention should be drawn in order to ¢nabl¢ a proper understanding of the accounts io be reached. J A Griggs FCA LEVICKS Chartered Accounlants & Bu5ine55 Advisers 61 London Road Maidsione Kent ME16 8TX 22 January 2025
TATEMENT OF FINANCIAL A 2024 2023 INCOME FROIA.. 51.210 975 228.477 286.e87 975 64.174 280.872 366.1)48 hher TOTAL INCOIIE 84 174 2¢0 872 J6S.046 EXPENfATURE ON.. thDnlatle IdNhiei ot 82131 4.351 260.e4xi 322.740 4.356 72.2D7 21$, 200,159 2.14 2.14 72 297 218.008 290.305 NET IpxoAieiEXPENcffliie ri.J041 Pl1321 139.4341 6Z.861 74.741 WET MOVEMEpif IN FLN>3 BEFORE TRANSFERS 11.J04I lJllJ21 131,4311 11.877 2.164 74,741 TPAN8FeAS 8ALANCES BROUGFff F¢)RWAAD ¥AT 1 APRIL 2023 IM.746 171133 m.)78 .869 10D,7e8 204,837 ASAT 31 MARCH 2024 442 110 239 M2 108 746 172 832 279.378
Arts Education Exchan BALANCE SHEET as at 31st March 2024 Not• 2024 2023 FIXED ASSETS Tangibl¥ as1$ 1,870 2,216 Curront Au•ts: 08blors Cash al Bank 243,083 245.083 285,124 287,124 Crndltorn.. Amounts falling due vlthin • yar 7,011 9,962 Ntst tsJTrenl 48$èti and total net assets 238 072 277.162 MET ASSETS 279,378 Fund• r•prns•nt•d by th• a•Mts: Unrnslrid•d lund R•$lri¢led fvnd$ Total fund¥ 99,442 140.500 1.746 172,632 279 378 11 Approv¢d by th• truJt••$ on 22 Janu•ry 2025 and swrted on IheK behall by.- Tro¢i? Trimm•r-Plolm4n Chairwrson
Edu n Excha TE ORMIN PART For the F THE FINANCIAL TATEME1s ear Atcountlng Pdl¢lts'. Thofinan¢ial sta18n havo b88n wepw¢d ty Ch¥ibes. with Il Fin¥ Rerx>tNJ siKlwdawlKtl•in ts lIKj RetI IFRS 1021 ¢hanuesAct 2011. T+ Charity Bernfft EnDty 851d ty FRSIOZ when the iTh>Jr•J ¥£wnt¢d tswwolVAT. No i¥ netted off yrot¢XFwdkn•. dixrekn oflho 190 •) EUD Z¥4Mble tr the WrpEof1he chrti. Ornnts •n¢ 4onth•
)24 GMIIIS & CourKI Furthg Cdy¢r Feiqus50n Colyer Fergusson M¥¢Jthp KCC Earfy H•lp NatK)nal L(Atery G•rfiek1 W•s¢ Youih $1¢ UnNersty ot Ktht Paul H*iyn May(K Fund Crt81ive Estwy UnwgBtrfctod CommiswDD wty .691 51.797 2D,000 11,528 1.125 1.7S5 1•,36B 54.CO) 1S.341 30.IY)) 33.144 ,659 13.1441 774 9.652 S.254 114.9151 116.2421 368 40.627 125 118,$211 118,3611 13.856 103.992 103,992 98,73B 14.915 30,799 2,075 9.373 125 8,494 6,552 022 13A41 13.0531 2.969 14.557 2,443 00.iXk) 46.723 42TT 2SO 10,1)tr) 11,5WI 50.118 lJ.190 Is.0 82,963 72,797 10.1e6 Olhqr 975 3,199 112241 287 662 3Z7 IM 74 741
Arts Education Excha NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the oar •nd•d 31 March 2024 Don•tlon•: 2024 2023 Thanet Lolkry Sundry H•od$tsrt 92 87 124 1,0 92 Chwtt•bh 2024 2023 Grants Rent. R•i•s, He•l, LM, Ptyrtr TelÈph)ne Repairs and mw1onae caning Entertaining Equipmenl 8xpens•d In8wance Advertisiry & M•rkbnll Priniirq, St•iwry•Th# )ffi¢¢ swF4ie• Soth¥•re Sl•lfirrtJ Gosl• Trnvel colts Sundry Dtpreaadon 1.Tr)O 16,060 792 11.320 1965 1424 333 1.967 1Ng1 122 1.3 2.628 211.804 1.290 7,106 1,171 1.343 2.088 250,790 8,507 1,108 Independenl x•m#w f¢ A¢¢ounianty fe Staff trainlrvJ 1.060 1.(6 l738 Sql•ry 2024 2023 SAl8rie$ Employers national Imwance Pension cosli Slaff Ir8inirvJ 228.939 39.735 11.076 IOS4 218,804 20,143 6.731 3.112
Art• TES FORMING PART OF TH FINANC g•r end•d 31 Marth 2024 O•btorn and prMym•nt• 2024 2023 D•p¢M In ad¥•n 2.Tr10 2,000 C•¥h •tO•nk.. 24 2023 Cecy B8nk 285,124 218,12 •Dd d•l•vv•d In¢om• 2024 2023 Cow F•Trw6on kY•r KCC E8dy Hp4n11 Cr•ditry• Ihdewndènt ex•Ifyr 1.680 1.950 6.332 PAYE Nl 7.011 9.962 Tanglbh Ilx•d ••Mts •br •nd ¢wbpul•r•4uWn•ffit C1 Owin9 b•ltr£é 1 20rJ 1.525 016po4•1 31 Mwch 2024 178 A¢¢umul•tsd d•pv•¢b•tbon Opening blinc I W 2023 Prowsion forth• Al Clo&ng b11•r 31 Merth 2024 N•t book valu Openw 2023 Ck)ryJ baL8rKx 31 Marth Z024 io TfU•ttts' rqfflun•ThoTh ihd •Ap•M•8 Tl tmst••s not1v¥t any remunerakn cr e>w881 Ihrd)wtyfvlw¥t
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