ARTS EDUCATION EXCHANGE ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 March 2025 Charity number 1184494
Arts Education Exchan ANNUAL REPORT AND FINANCIAL STATEMENTS For the ar ended 31 March 2025 NTENTS Roport of Twstees Independent Examinorf$ Report Slat•ment of Financial Acl1vitS Balance Sheet Notes lo the Finan¢i81 Slaloments
ARTS EDUCATION EXCHANGE REPORT OF THE BOARD FOR THE YEAR ENDED 31 MARCH 2025 The board presents their report with the financial ststements of tt)e charity for the year ended 31 March 2025. The board has adopted the general provisions of UK FRS 102. Board members from April 2024 to 31 March 2025. Name and address Chair.. Dr Tracie Trimmer-Platman Date appointed or resigned Appointed.. 1211012021 Trustees: Michele Buchanan Victoria Barrow Williams Lizo Ngqobongwana Paulo Moreira Gomes Kane Robert McArthur Appointed 3110312022 Appointed.. 2011112022 Appointed.. 2011012022 Appointed: 2410512023 Appointed 0910212024 BANKER C¢>operativ8 Bank OBJECTIVES AND ACTIVITIES Arts Education Exchange is a youth organisation based in Margate, Easl Kent. Our focus is lo harness the potential of young people: lo inspire soaal engagement through crealive processes and to provide pathways to continued education, employment. or work-bas8d training. THE PUBLIC BENEFIT The truslees confimi that they have taken due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities. We act as a resource for young people up to the age of 30 years old, providing advi and assislance and organising educational programmes; particularly in the creative arts and other related disciplines and other activities as a means or.. 1. Advancing in life and helping young people by developing their skills. capacities and capabilities to enable them to participate in society as independent. mature and responsible indivKJuals 2. Advancing education 3. Relieving unemployment
ARTS EDUCATION EXCHANGE REPORT OF THE BOARD FOR THE YEAR ENDED 31 MARCH 2025 (Continued) FINANCIAL REVIEW Reserves policy The charity endeavours to keep two to three months. running costs in reserve to allow for late receipt of income. Reserves As at 31 March 2025 the reserves sland at £250.849 {2024 £239.942) and will enable trustees to implement thèir objectives over the next 12 months. Income Total income for the year ended 31 March 2025 was £316,092 {2024 £287.662). Net incoming resources for the year were £10,907 (2024 £39.436 nel outgoing). STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity is r8gislered with the Charity Commission as a Foundation Charitable Incorporat8d Organisation. charity number 1184494, and is controlled by a constitution. a copy of which can be obtsined from the board secretary. Recruitment and appoinlm8nl of new board members As and when a new board member is required. either due to a vacancy or to fulfil a new specific need. individuals wilh the relevant skills are identified and approached. If a board m8mber is deemed appropriate and willing to make the required commitment. Ihen they are proposed lo the board by the chair. Induction and training of new board members New board members are fully briefed on the charity's activities and procedures. Each board member is given an induction which sets oul their responsibilits'es as a board member. Organisational structure: Decisions are taken at meetings of the trustees. Risk management The trustees recognise their duty to identfy and mitigate the risks to which the charity is exposed and to ensure that appropriate controls are in pla to provide reasonable assurance against fraud and error. On behalf of the trust8es Dr Tracie Trimmer-Platman DATE.. 6 January 2026
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARTS EDUCATION EXCHANCE FOR THE YEAR ENDED 31 MARCH 2025 I report on Ihe accounis of Arts Edu¢ation Exchange for the year ended 31 March 2025 which comprise thc slatcment of financiaE activities, balance sheet and rclated nolcs set out on pages 4 to 9. Respective responsibililies ofmembers and rtyaminer The trustees are responsible for th¢ prepardlion of the accounts. The trUe¢S Consider that an audit IS Dot required for this year under section 144(2) of the Charitics Act 2011 (the 2011 Act) and that an independcnt examination is needcd. The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Insiitute of Chartered Accountsnls in England and Wales. It is my restK)nsibility to.. cxamtne the accounts under seclion 145 of the 2011 Acl: lo follow ihe procedures laid down in the G¢n¢rdl Directions given by the Charily Commissioner under section 14515)(b) of the 2011 Aci- and lo stale whether particular matiers have come to my attention. Basis ofindependeni examiner s rewri My examination was carried out in accordance with the Generdl Directions given by the Charity Commissioner. An examination includes a review of Ihe accounting records kept by the charity and a comparison of ihe accounis presented with ihose records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of ¢xplanalions from you as members concerning any such mallers. Th¢ procedure5 undcrtaken do not provide all the evid¢n¢c thai would be required in an audii and, consequ¢Dtly, no opinion is given as to whetl)er the accounis present a 'tru¢ and fair view, and the report is limited to those matters set out in the siatement below. Independenl examiner s jlulemeni In conncciion with my examination, no maieri81 mallcts have come lo my attention which give me cause to believ¢ that in any material respect: the accounting records were not kept in a¢cordan¢e wilh section 130 of the 2011 Act. or the accounts did not accord with the accounting records; or the accounts did nol comply with Ihe applicable requiremenls concll1n8 the forni and content of the a¢counts set vul in the Charities (Accounis and Reporfs) Regulations 2(M)8 other than any requirement to show a 'tru¢ and fair view, which is noi a matter considered as part of an indepcndcnt exainination. I have come across no other mailers in connection wilh the examination to which attention should be drawn in ord¢r to enable a proper underslanding of the accounts lo be reach¢d. 61 tA)ndon Road Maidsione K¢nl ME16 8TX J A Griggs FCA LEVICKS Chartered AoUntAnts & Business Advisers 7 January 2026
Jt Ed ATEMEP NANCL4L ACTMTY Forth• r end•d 31 t Ma h20 2024 Funth Fund FrrflI INCOIAE FROM-. 31.137 316.or4 58210 221.471 2e6.e87 975 975 h• TOTALIN¢OIIE 69 IB5 228.477 287.e62 EXPENluRE OW.. 69.782 235.403 XO.185 62.131 2fj0.6Ce 322.740 othef TOTAL EXPEIIDifLVIE 66 489 260609 J27 IW IIICOIIWEXPENIJITURE p&¢ 1•.•07 I7.> 132.1321 139,4361 Profftllkn•l ofi dl•po• NET MOWEIIENT IM FUND3 bEFQAE TRIISFERS 11.9ty7 .>y} 13Z,1321 139,4361 TRW4IFER8 8C£s BROiIO+IT FOAWAID AS AT 1 APRL 2024 •A42 14Q.100 23•,• 11A716 172.63Z 279.379 •LJ4etS FI)AV¥•JID J AT )1 MNA¢H X2S 99 442 140 500 239.942
Arts Educatlon Exchan BALANCE SHEEf as at 31st March 2025 2025 2024 FIXED ASSETS Tangible assets 1.870 Curr•nt A•••ts: Debtors Cash at bank 254.158 256,158 243,083 245.083 Cr•dltoM: Amounts falllng due wilhin 7,011 Ngl cur¥gnt assets and total nat assels 250,849 238.072 NET ASSETS 239.942 Fund8 r•pr•••nt•d by th• au•ts: Unrsslrieièd funds Restricted funds Total fund# 60,796 190.053 99.442 140.500 provgd by tho tru5teos on 06 January 2026 arvj on Ih•ir bthairty.- Tracie Trimmer-Platm4n chaIrr$on
NOTES FORMING PART OP THE FINANCLAL STATEMENTS ar •ithd 31 March 2025 ih th• Fmoncw Rwth9siwdwd •wlc4blTrw¢b)o UKwJRwof•knJ IFRS 1021 Tho Ch¥ltyl• •PLt8•n•ltEMtyM dokSwd tryFRS1ro. crua f¢r Ih• titlty orth•r•N OIVAT. 2024 N•¢ A••irfctsd Ani C14 Cowf Fws¢ CDtyor F•rguiw KCC EartyH•lp N•DonJl Lonqry G8ffl•bJW•s Youm MU¢ JQ.142 io.c 32.107 21.7M 1.779 .691 51.797 2V.Cth) 38.$2 1025 1.755 18.368 lQJ.992 89.881 10.CO) 6.952 6.022 12Z,1081 70 .114 14239 {17AI 1.7•1 1j.ul 13,0531 lJ601 4.277 paulw oyor Fund Ci¢stiYe Co-op Fund Clowdfundèr 50(iY) 46.723 111.•10 050 1&792 2•A 14> 143 1S4 ThwrtDC UASC KCC UrtrnirtC¢•d 7Jl) ¢•A•7 .118 63.196 IS.) 513 Olh•r 975 3.1 12.2241 115 to 287 662 327098
Arts Educatlon Exch•n NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the nded 31 March 2025 Donallon•'. 2025 2024 Th8n81 Lottory CAF A Buckland 137 181 200 92 Chathibkn *ell¥llh• 2025 2024 Crth¥dlunding Rent, rates. h8•1. Ivahl. Tok8phone Reirs and mnIen8n¢• Cloani Enlertainirq Equlpmfjnl •¥pensed InJurar Advertisino and Ma¢t$ng Prifiiin9. Slaliormjry and offtt Software Si8ffing cos Tr8V81 ccats Sundry Dopr•rJ•lion 6.318 18.J84 1,095 885 2,738 18,320 2,965 2,424 333 244 2,0S7 1,491 122 1,338 2,628 281,804 1,254) 7,166 1,871 2.124 257.050 939 7.334 1,870 Olh•r Indèp8ndént •umin8r f• Accouni8n¢y 18es siatttraining 1.020 720 405 960 660 2.T38 $•hry 202S 2024 Oir•ct wagos Salar Empl)rn nabon•l irwr•n¢e Pension C1& S18ff IralniThJ 32,613 173,022 4Q,802 10.813 228.939 39.735 11.076 2.054
Edu¢ation Excha NOTES RMING PART THE FINANCIAL STATEMENT For th• ar •nded 3 202S 2025 2024 pd in 8Ov 2.000 CJ•h •1 B•nk: 2025 2024 Cw Bank 243,063 243,MJ 2x151 A¢Ewu41i rtdd•f•vr•d 2025 2024 Crnditor Independent @xarnlnAI AccouDthKyf• PAYE Ind Nl Ponw 1.020 720 5.391 7.011 T•nqlbh Ilx•d auti C1 OpenlTrJ 2024 8.175 CbwrHJ b•knn 31 2025 A¢Cumliad d•FMclatlon Ownlng bBlan¢• 1 WI 2024 Dep10117 ProviiiLX) lor yo•r Chin0 31 2W25 1.870 Net book v•lu Opening bae 1 Apnl 2024 bnlonce 31 MArch 2025 10 Tnwts••' rnmurv•rkn and •yw Thetruitees did f1 wewae*
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