ComFony registsation number.. 12146728 Charity registration number.. 1185928 AIMCommunity Limited known as Aim Arts Acadcmy, Cr¢ativ¢ Mc Mentoring and Starf15h M¢nloring {A company limited by guarn)tee) Annuai Report and Financial Statements for the Year Ended 31 August 2021 Harney & Co Lifflited Chartered Certified Accountants and Registered Audiiors 21 Market Place Blandford Forum Dorsct DTI 17AF
AIMCommunity Limited known as Aim Arts Academy) Crealive Me Mentoring and starfh Mentoring Contents R¢f¢r¢nce and AdrninÉstrative Details Trustees. Report 2to7 Independent ExaTnine¢s R¢port Statement of Fitwicial Activities 9tolO Balance Sheet Notes to the Financial Ststements 12to24
AIMCommunity Limited knojvn as Aim Arts Academy. Creative Me Mentoring and Starfish Mentoring Reference and Administrntive Details Trustees Dr Y T Mclntyte Bhatty, Chaim)an Ms S J Burge&s Mr I Chrichton Miss T DT&ylor 1185928 Charity Registrntion Number Cojnpany Registration Number 12146728 The charity is incorpordted in Ellalld & Wales. AIMCentral Easi Howe Youth Centre Kinson Road Bournetnouth Dorsei BHIO 5HD Regtstered 07¢¢ Independent Examiner Hamey & Co Limited Chartered Certified Accountants and Registered Audiiors 21 Markei Place Blandford Fotiun Dors DTII 7AF Page I
AIMCommunity Limited Iinown as Aim Arts Academy* Creative Me MeDtoring and Starfish Mentoring Tntstees, Report The trustees, who are directors for the purwses of company law, present the aTY31 report together with the fllwicial staternents of the charitable company for the year ended 31 August 2021. Objectives and activities Objects qnd qin To act as a resource primarily for young people in Southern England by providing advice and assistance and organising programmes of creative. physical, educational and other activities as a means of: a) Advancing in life and helping young people by developtng their ski115, capacities and capabilities to enable them to participate in society as independenL mature and r¢sponsibl¢ individuals" b) Advancing education. c) RelÈeving uneMploent. d) ProvÈdin8 recreational and leisure time activity in the interest of social welfrdre for people living in the area of benefit who have need by reason of their youth. age. infirniity or disablility, poverty or social and econimic Circumsts¢¢S with a vi¢w to improving the conditions of life for such persons. To promote learning in people who are not in education. cmploym¢nl or trainin& through the continued development of their individual capabilitie5, cornpetenciffj ski115 and understanding in subjects of educational value. Objeclives, sÉralegi and oclivilie AIMCommunity Limited was forni¢d as a dsr¢ct result of Frontier Youth Trust {Charity Nwnb¢rs 1059328 and SC043239) shift to move its locally fvnded proje¢ts working in those local communities to become autonomous and ind¢pendent charities. Thence under an asset transfer agre¢m¢nt dat¢d 31 Decernber 2019 all staff. assets and activitie5 of the AIMCoTnmunity project were transferred to the newly fgrmed charity of AIMCommunity Limited to continue its work based in Bourngnotrth. Public benef The Charitys objects are restricted specifically, only for the public benefit to act &s a resourte lor young people up to the age of 25 years living in Southern England by providing advice and assistsnce and organising programmes of creative, physical. educational and other activities. The trustees Ar1 that they have complied with the requireTnents of seciion 17 of the Charities Act 2011 to have du¢ regard to the publi¢ b¢nefit guidance published by the Charity Commission for England and Wales. A¢hieYements and performance AIM Arts Academy Th¢ ¢hallenges of tying to keep AIM Art5 Academy operdtional during the pondemic has been extremely ditTicult from a programrnatic and pastoral perspective. Severdl sthdents and their familie5 w¢re hit hard with Covid-19 and 5evernl staff w¢r¢ filOughed. Page 2
AIMCommunity Limited kmowD as Aim Arts A¢2demy. Creative Me Mentoring and starfh Mentoring Trustees, Report We went from full time face to face in class instswction and mentoring support of 20 students to remote and virtual learning cohorts. The student SUPFK)rt team did a fantsstic job providing regular and consistent mentoring sessions and eheckirtg in with students daily. During lockdown the most vulnerable students were offered more contact time than would be nornial. The Art5 Acadetny tea dealt with increased students. anxiety, depression and Covid related issues. They did a great job supporting sMdents through this lime as well as through their exams. The team also used some "down time" to upskill and do CPD Trainings. A considerdble amount of time was spent team building and investing into the team to rebuild the staff morn1¢ and make sure they were doing okay through Covid. We had 20 students enrolled this acad¢mi¢ y¢ar. lo of those students we enwed for their GCSFS in May 2021, passed along with similar results for Functional Skills Maths and English. RSL Music Practitioner and Creative Media sthdents. We are concerned that there is early evidetjce of an incre&sed spike in anxiety and depression from sbjdents trapped home and ill as a r¢sult of the pandernic. We had several conversations N'ith students and parenis that showed that AIM was a "life lin¢" to th¢ students. We were the only consistent and positive thing they had during thi5 time. We were so happy thai we could move as quickly &$ we did io remotc Iwning and pastoral support and back again 05 the ¢hanging Covid-19 restricthons required. Our funders were impressed with the quick responses to the changing cir¢umstan¢es and Ls a small provider we were able to adapt more ImmlatelY than other organisations. Starfish Mentoring During the fllmncial year Starfish provision reduced due to th¢ Covid-19 restrictions imposed for larg¢ portions of the year. Despit¢ this Starfjsh worked with 22 young people frorn across the BCP area (17 young people within ihe Starfish Mentoring and 5 young people within Starfjsh Plu5 Mentoring). Out of the 22 peopl¢, aged between 10 and 16 years oliL 12 id¢ntified as female. 8 ideniified as rnale, and 2 identified as non-binary. Thrtsughout the year, the Starfish mentoring t¢am had a mixture of paid staff, volunteers, and placement students. Each teaTn member has had varying experi¢n¢¢ with mentoring and the creative arts. One young volunteer used to be part of the Sthrfish menioring progrdmme and ha5 Chosen to support other young people. Our volunteers {who are DBS checked), provide supw)rt to the progrdmme managas of our mentoring progrdmmes. Since March 20?0 Starfish Menioring has been affected by the Covid-19 pandemi¢. This has meant that betwe¢n April 2020 and April 2021 there were no new young peopl¢ referred io our group m¢ntoring sessions. Lockdowi was taking place and our building was closed for a period of time. During September and December 2020 the second lockdown was in place, rneoning thai a new group could not be started. However, we wcr¢ able to open our doors foT tsvo w¢eks io allow the last cohort of the 118t 0Up to complete their full tem) of Starfish sessions. From Januory 2021 a fi]rther lockdown was in place meaning thai the earliest time we could resume sessions would be in April 2021. Page 3
AIMCommunity Limited known as Aim Arts AcAdemy. Creative Me Mentoring and starfh Mentoring Trustees. Report Another challeng¢ to delivering sesssons Catne in the forrn of BCP Council rnerger with a whole new leam frorn the ¢ouncil overseeing the group session5 for Starfish. Fro April 2020 we work¢d with th¢ new team at BCP Council to establish processes for refenals. prornotion of the offer, fanCeS and evaluating. Prevtously, the Borough of Poole had been able to 5UPPOrt the provision of transport to starf however, as a result of th¢ change to BCP. this was no longer available meanit]g some young pcople would not be able to access the sessions. Despite these challenges, Starfish Plus wL5 abl¢ to work throughout the pandemic. One young person in particular was able to work with a Starfth mentor beNeen January 2020 until July 2020. This was a suceess story a5 the young person started as someone who did Dot attend school. By the end of Starfish they w¢r¢ ¢nroll¢d into a school that catered for the needs of the young person. The sessions with this young petson coanmenced with 5 minute cal]s, because the young petson w&$ very isolated from otheTS. As the weeks progre55ed, conversations on Zoom became longer, to the point of the young person wanting to meet in person. From there the young person was able to interact with other young p¢ople, cr¢at¢ hi5 rard game and play it with others. create a short animated movie USiDg stop motion and tske part in wat¢hing other young people perfo Another success story W&8 with a young petson who wanted to med once a week for an hour to play guitsr in front of others and by the fmal Starfish Plus session be w&8 able to perforni with another youllg person in front of two members of BCP Council. Despite the many challenges presenied during the pandemic, Stsrfish received a greai deal of positive feedback for th¢ 5¢rvice provided io young people. Examples of this include. - The mother of the young person that we worked with frotn January-july 2021 was very supportive of Strfish and how w¢ helped her young person get ready for school and education. - A young person that identified as non-binary said they felt.they could be themselvees at Sartfish.. - Another young person said that the hour at Starf15h Wds their best hour of the week. Fingncigl review Policy on raserves AIMCommunity Limited is committed to esthblishing and maintaining A strong reserve fjjnd with four key components, subj¢ci EO review on an annual iKsi& Continuity Fund - to bridge any possibl¢ delays in receiving promised granLS or mar1ng payment in arrears contrdcts. RestCtUr]ng Fund - to cover tential activities whilst sour¢ing income to a maximum of 6 months budgeted chariiable aciiviiies. Qclical Maintenance Fund - to be used for major item5 of maintena¢ of the fabric of the buildings such a5 redecorating the interior and exteriors. Dissolution Fund - io provide for the costs of disSol10n should the charity be unable to continue. It is only to be used in the event of the Trustee%' deciding the charity should cease to exist. It wll be used to pay notice periods. redundancies and the expenses of numing AIMCornrnuT]ity Limited until closure of the charity. Page 4
AIMCommunity Limited Imown as Aim Arts Academy, Cre2tive Me Mentoring and starfh Mentoring Trustees, Report As a new charity our fiTSt priority is to provide enough reserve funding to allow foi dissolution of the charity. calculated as 3 months salaries and running costs with the goal to have this in place by the e¥Ld of 2 completed years of operation. At the end of the financial year the charity held fimds of £42.398. representing over 900/• of the target dissolution fund. Plans for future pertods Ainu key objecliwesforfulureperiods In the next academic year we aim to: - Reach out to young people across the Bournemouth, Christchurch and Poole areas. We aim to work with more organisations and to network with Tnore schools and families to provide support for their young people. - We a150 aim to acquire more funding to h¢lp 5UPPOrt young p¢opl¢ lo trdvel to sessioT]s. - We airn to recruit and trdin more volunteer5 10 SUPP)rt yowig rtopl¢. Whilst we continue to use the building known as AIMCentral. our aim is to l¢)ok to extend our activities and we have identified the Branksome Centre as an ideal faciliry for both our Starfish M¢n¢oring and Creative Mentoring prosrammes. The premhse5 offer a bright well resourced facility with the benefit of good outside green space and provide a good working environment for iy)th our young people and staff. The premises are managed via Poole Communilies Trust and are available to rent by the hour. Goimg concern Thi5 y¢ar has b¢¢n ¢xtrem¢ly challet]ging for AIMCommunity. with the pandemic causing disruption to programme heduleS and ¢on¢em for th¢ wellbeing of b(Trth staff and students. During the rst Covid-19 lockdown we had up to 6 staff on the Governmenr fiwlough %heme although, most weie short tem) and fully reinstated into post a5 sooil as prnvision for young people could be reesrab5ishe From an operational perSFKdiv¢, AIMCotnmunity b&8 managed these chall¢ng¢5 Positively and efficiently, adapting to an ever changing working environrnent and implementing and maintaining safety measures in line with Govemrnent directives. Our policy has been to suppon swdents as fully a5 p)ssibl¢. with online progrdmmes, regular communication and a caring approach to all¢viale anxieties. Despite the diffi¢ulties outlined above, AIMCommuniiYs second year of op¢rnlion a% independent charity hos been finaneially solid. Manageent and trustees continue ts) consider opp)rtllnities to develop service attract sponsorships and donaiiots and grow sustsinably in accordance with the charity's ¢thos and values. On this basi& the ttwtees consider th¢ charity a going concern. Stru¢tur¢? governance and management Na¢ure ofgoverning documenl The charity is governed by its Memordndum and Arti¢l¢s, incorporated on 8 August 2019. Page 5
AIMCommunity Limited known as Aim Arts Academy. Crealive Me Mentoring and Starfish Mentoring Trustees, Report ReernilttThl tsndappoinlmenl ofiruslees Any person who is willing to act as a Trustee, and who 15 permitted by law to do so. may be appoint¢d to be a Trustee by resolution of the Trustees. Trnstees are appointed for a tertn of three years. at the end of whi¢h they shall reiire unless elitsible for reappointment by the Trusttts, as no Trusiee shall serve for mor¢ ihaT) nine consecutive years, unless the Trusiees consider it would be in the best inierests of the Charity for a particular Tnjsiee io continue to serve beyond period ond that Truste¢ is reappointed in accordance with its goyeming do¢um¢nt. The Charity is overseen by its Truste of which * any one lime there must be a minimum of three and a maximum of twelve. The Tnrees, on behalf of the Charity. have appointrd employees to run the day to day activities. There is an Operations Mana(F¢r who oyersees the day to day athninistration of the Charity, with the remainder of the staff working dirtlY with the Charitiy's beneficiaries &$ youth WOTker& mentors and tuiors. Financial instruments Objeclives qndpoli¢i¢s The tn]stees are of the opinion that th¢ charity's activities do not expos¢ it to Significant financial risks. The charity doeg not use derivative fllwicial instn]ments to malge risks or for speculative purposes. Credi¢ rlsk The charity's principal financial ass¢ts is cash at bank. The credit risk on these liquid funds is limited because the counterparthes are banks with high ¢redit-rdtings. Liquidity risk In order to ensure that sufficieni funds are available for ongoing Ol0S and futur¢ dev¢loprnents. the charity maintsins sufficieni funds in a deposit bank accouni. Statement ofTruslees' Responsibilities The trust5 (wtho ate also the directors of AIMCommunity Limited for the purposes of company law) are reSnSIble for preparing the trustees. report and the financial statements in accordance with thc United Kingdom Accounting Standard5 (United KiTJ(pdom Generdlly Accepted Accounting Prtice) and applicable law and regulation5. Company law requires the trn5tees to prepare financial sra*ments for each fll)ancial year. Under colnpany law the tnLStees must not approve the financial statements unless they are satisfied (hat they give a trne and fair view of the state of aff2iTS of the charitable company and of its incoming resou¢$ and application of re50urces, including its incoTn¢ and ¢xpenditure. for th period. In preparing these financial statetnents, the ¢tustees are required to.. 5¢1e¢i suitable accounting policies and apply them consistenily- observe the methods and principles in th¢ Charities SORP- make judgements and estirnates that are reasonable and prudent" state whether appli¢abl¢ UK Accountit]g Standard5 have E¢¢n followe(L subject to any material departures disclosed and explained in the financial Maiemenrs; and Page 6
AIMCommunity Limited known as Aim Arts Aeademy* Creative Me Mentoring and Starfish Mentoring Trustees. Report prepare the financial staternenis on the going corKern basis wjless it is inappropriate to presume thai ihe ¢haritabl¢ company will continue in business. The trustees are responsible for keeping ad¢quat¢ a¢counting records are suificient to thow and explain the charirable company's transactions and disc105e with reasonabl¢ ac£urdCy at any time the financial position of the charitable ¢ompany and enable them to ensure the financial stht¢m¢nts comply with the Companies Act 2006. They are also responsible for safeguarding the assers of the charitsble company and hence for toking reasonable Steps for thc pr¢vcntion ad d¢tection of fraud and other iTregularities. The omual report was approved by the twstees of the charity on 16 June 2021 and signed on its b¢half by.. Mclntyre Bhatty Ms S J Burgess Trustee Trustee Page 7
AIMCommunity Limited IAnoivn as Aim Arts Academy? Creative Me Mentoring and Starfish Mentoring Independ¢nt Examiner's Report to the trustees of AIMCommunity Llmited ("the Company") J We}rt to the charity trllstres on my exaTJJinalion of the accounts of the Company for the year ended 31 August 2021. RespoDsibilitits basis t)f report As the charity's InJstee5 of the Colnpany (and also its directors for the puryA)se5 of company law) you are responsible (or the preparntton of the accowits in acLY)rdance with the requkremellts of the CoEnpanies Ad 2006 ('the 2006 Act,). Havitig saii5ficd myself that the accounts olAIMc(Ymlty Litnitaj are not requlrtd to be audited under Part 16 Of tht 2006 Act and are eliglble for iTKlepthnt examination. I report in reSpt of my exalnination of yout harity's accounts ag carried out under section 145 of the Chariti&s A¢1 2011 {'the 2011 Act.). In carrying out my cxaminatign I have followsj the Ditecti¢)ns given by the cFlty C¢)mmission under section 145(5)(bl of the 2011 Act. lTrdependeot exarnimer's stattmellt I have ¢ompletcd tuy examination. I confirni thal matters have come lo attetytion conTWtion with the examination ving ]rK cause to believe: . accouttting records were not kept in respect of AJMCoTnmunity Limitrd a5 required by section 386 of the 2006 ACL or 2. the ac¢ounts do not xcord with those reeords" or 3. the accounts do not Comply with the accouniing requitements of section 396 Of lh¢ 2(X)6 A¢¢ other tha any requiremeni that the accouuts 8iYe a 'tse and fair view which is not a matter considered as part of an 1ndendertt examination- or 4. th¢ accounts have not be prqred in aCCorce with the nthtwjs and principles of the Stament of ReC0¢llded Practice for aecowiting a1 reFKTrrtiti¥ by charilies ypplicable io charities prep18 their accounts in acconlan¢¢ with the Financial Reporting StaTMlatd applicable in the UK and Republi¢ (Trf Ireland (FRS I02)- I have no concerns a[ hav¢ ¢otne actyy3s no other nJatter5 ID ¢onncction WAth the examiDation to which attention should be drawT in this report in order to enable a proper UndedEng of the accounts to b¢ Teached. Mrs S A HanY Chartered Certifi1 Accountonts and Regisiered Auditors Association of Chartered Certthed Accoulltants 21 Market Place BlaDdford Fonun Dot DTII 7AF 16 June 2021 Page 8
AIMCommunity Limited iinown 98 Aim Arts Aeademy* Creative Me Mentoring and Slarfish Mentoring Statement of FinaDcial Aclivities for the Year Ended 31 August 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) UDreslricted funds Rtstrieted runds Total 2021 Note Income and Endowments from: Donations and lega¢i¢s Charitsble activities Other trading activiiies Investment in¢om¢ 41.227 161,235 2,221 6,515 47,742 161,235 2,221 Total ineome 204,686 6.515 211,201 Expenditure on.. Charitable activities (178,919) (6,515) (185.434) Total expenditure (178,919) (6,515) (185.434) Net income 23,707 25,767 Net movement in fund5 25.767 25,767 Reconcili#Éion of funds Total fund5 brought foTward 30.495 30,495 Total funds carried forward 20 56.262 56,262 The notes on poges 12 to 24 forni an integrnl part of these financial 5tat¢m¢nts. Page 9
AIMCommunity Limited known as Aim Arts Academy? Creative Me Mentoring and Starfjsh Mentoring Statement of Financial A¢tiviti¢s for the Year Ended 31 August 2021 (Including Income and Expendithre Account and Statement of Total Recogni$¢d Gains and Los$¢s) Unrestrict¢d funds Restrieted funds Total 2020 Nott Ineome and Endowments from: Donations and legacies Charitable activiiies Inv¢5tm¢nt in¢0C 56,910 91.462 3.500 60,410 91,462 Total in¢om¢ 148,373 3.5 151,873 Expenditure on: Charitable a¢tivilies (117.878) (3,500) (121,378) Total expenditure Net income {117,878) (3.500) {121.378) 30,495 30,495 Net movement in funds 30.495 30,495 Re¢on¢iliation offunds Total funds carrted fotryvard 20 30.495 30,495 All of the charity's aclivities derive from continuing OFerations during the aFK)ve two p¢rhods. The funds breakdown for 2020 is shown in ne 20. The notes on pag¢s 12 to 24 forni an inregrnl part of these financial statements. Page 10
AIMCommuDity Limited known as Aim Arts Academy? Creative Me Mentoring and Starfish Mentoring (Registration number. 12146728) BalaDce Sheet as at 31 August 2021 2021 2020 Note Fixed assets Tangibl¢ assets 15 340 Current assets Debtors 16 17 19.416 80,749 Cash at bank and in hand 91.314 100.165 91,385 Cttditors: Amounts falling due within OD¢ y¢*r 18 (44,383) (61.230) Net cllrrent assets 55.782 30,155 Net assets 56,262 Funds of tb¢ chari¢y: Unre5tricttd income funds Unrestricted funds 56.262 30.495 Total funds 20 56.262 30,495 For the financial year ending 31 August 2021 the charity was ¢T]titled to exemption from audit und¢r section 477 of the Companies Act 2006 relating to small comp3ni¢s. Directors, responsibiltttes= The members have not required the charity to obtain an audit of its accounts for the year in question in a¢cordance with section 476.. and The directors acknowledge their responsibiltties for complying with the requirements of the Act wtth re5pe¢t to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions appli¢able to companies subject to the small wmpani¢s r¢gime. The financial statements on pages 9 to 24 were approved by the tntees, and authorised for issue on 16 June 2021 and signed on their behalf by: Dr Y T Mclntyre Bhatty Trnstee Ms S J Burgess Trustee The notes on pages 12 to 24 forni an iniegrdl part of these financial ststements. Pagell
AIMCommunity Limited known as Aim Arts Academy) Creative Me MentorAng 2nd Starfh Mentoring otes to the Financial Statements for the Year Ended 31 August 2021 I Charity status The charity is limited by guarantee. Incorpo¢d in & Wales. and Consequently does not have share capital. Exch of the tnjstees is liable to contribute an atnouni not exceeding £1 lowards the assets of the charity in the event of liquidation. The addTess of its regisiered office is: AIMCentral East Howe Youth Centre Kinson Road Bournetnouth Dorset BHIO 5HD These fanCial staternellts were authorised for issue by the trLL8tees on 16 June 2021. 2 Accounting policits Summary of significant accouDtiRg polieies key accounting eStIat£S The principal accounting policies applied ID the preparation of these f]nancial stat¢rnents are set out below. These policies have been consistently applied to all the years presente¢ unless otherwise staled. St#¢¢Jn¢nt of eompliaDce The financial statements have been prepared in accordance with Accounting and R¢porting by Chariti¢s.' Siatement of RecommeTtded Prartice (applicable io charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)). the Finan¢iAI Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation AIMCommunity Limited meets the definition of a public benefii entity undeT FRS 102. Assets and liabilities are Lriitially recognised at historical cost or transaction value unless otherwÈse sthted in the relevant accounting policy notes. Going eoncer The trustees consider thai there are no material unc¢rtainties about the charitys ability to continue as a going concem nor any signifi¢ant ar of uncertainty that affect the carrying value of assets held by the ¢h8rity. ExernptiOD from preparing a cash flow 5tstemen¢ The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore noi ancluded a cash flow sÉatemenÉ in these fanCIal siaiements. Income and endowments All iv¢ome is recognised once th¢ charity has entitlement to ihe income, it 15 probable that the income will be received and the alntsuni of the income receivable can be measured ttliably. Page 12
AIMCommunity Limited known as Aim Arts Academy) Crealive Me Mentoring and Starfish Mentoring Notes to the Financial Statements for the Year Ended 31 August 2021 Donulion5 undlegacies Donations are recognised when the Charity has been notified in writing of both th¢ amount and senlement date. In the event that a donation is subject to wnditions that require a level of perfornian¢e by the charity before the charity is entitled to the funds. the incoTne 15 d¢f¢rred and noi recognised until either those conditions are lEY met, or the fulfilment of those Conditions is wholly within the control of the charity aDd it is probable that these conditions will be tulfilled in the reporting period. Grdhts reethoble Grants are r¢¢Ol$ed when the charity has an entitlerneni th the funds and any conditions lit]ked to the grants have been met. Where perfomiance Conditions are attached to the grant and are yet to be mei, the incomc is reco]sed as a liability and included on the balance sheet Ls deferred income to be release(L Delerredincon Deferred income represents amounts received for future periods and is leaSed to incoTning Tesources in the period for which it has been reiVed. Such income is only deferr¢d when: The donor specifies that the grant or donation musi only be used in firture accounting periods. or The donor h&8 imposed conditions which must be met before the charity h&s unconditional eniitlernent. Gifts in kind Gifts in kind are recognised in different ways dependent on how they are used by the charity: (i) Those donat¢d for resale produce income when they e sold. They are valued ai the amount actually realised. (ii) Those donated for onward transmission to beneficiarie5 are included in the Statemenl of Financial Activitie5 as incoming resources and resourees exnded when they aTe distributed. They are valued at the amount the charity would have had io pay to acquir¢ them. (iiil Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them. Expenditure All expenditure is recognised once there is a Icgal or constructive obligation to that eXpendIre, il is probable seitlemeni is required and the amount can be measur¢d relhably. All costs are allocated to the applieable expenditure heading that aggregate similar costs to thal category. Where costs cannoi b¢ directly allributed to particular headings they have been allocaicd on a basis ¢onsist¢nt with the use of reSOue$, with central staff cosis allated on the b&gis of time spenL and depreciation charges allocated on the portion of the asset's use. Other support costs are allo¢oted based on the spread of staff costs. All resou¢5 exnded are inclusiv¢ of irrecoverable VAT. Charitable aclivilies Charitable expenditure comprÉses those costs incurred by the ¢hartty in the delivery of its aciivities and Services for its beneficÈaries. It includcs both costs thai can be allocated direct]y (o such a¢tivities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been all¢xated to activity Cost categories on a basis con5lSteni with the use of sourCeS, for example. allating property costs by flo(Trr areas, staff costs by the time spent and other cosis by their usag¢. Page 13
AIMCommunity Limited Imown as Aim Arts Academy. Creative Me Mentoring and starfh Mentoring Notes to the Financial Statements for the Year Ended 31 August 2021 Governance costs These include the costs attributable to the charity's ¢ompliance with constiiuiional and statuiory requirernents, including audiL managernent and trnstees's meetings and reimbursed expenses. Government grdnts GoYerEunent grants are recognised based on the accnMI model and are rnea5ured at the fair Yalue of the &8set recekved or receivable. Grdllts are classified as relaiing either to revenue or to assets. Grants relating to revenue are re¢ognised in income over the period in which the related costs are rKogni5ed. Grants relating to assets are recognised over the expected useful life of the asseL Where part of a grdnt relating io an agseÉ is defetred, il is recogniscd as deferred income. Irrecoverable VAT Irre¢ov¢rabl¢ VAT is charged again the category of re)u expended for whi¢h it was incurred. TaxatlOD Th¢ charity is considered to pa55 the tests set out in Paragraph I hedUle 6 of the Finance Act 2010 and therefore it meeis the definition of a charitable company for UK Corporation tsx purp)ses. Accordingly. the hariry is potentially exempt from tsxation in respect of iT]com¢ or capital gains received within categories Covered by Chapter J Part I l of ihe CorFrtiraiion Tax Act 2010 or Section 256 of the Taxaiion of Chargeable Gains Act 1992, to the extent that such income or gains 2re applied exclusively to charitable purposes. TangibEe fixed assets Individual fixed asseis ¢OSting £150 or more are initially recorded at cos( less any subsequent accumulated depreciation and subs¢qu¢nt ac¢umu1cd impairment losses. Depreciation and an]orti5ation Depre¢iation is provided on tangible fJx¢d assets so as to write off the cost or Valuatio less any estirnated residual value, over their expected useful economic life a8 follows.. Asset class Plant and machinery Office equiptnent Trade debtors Trade debtors are arnounts due from our income providers to support our normal charitable activities. These debiors are recognised at the transaction value. A provision for the impairn)¢nt of d¢btors is establish¢d when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Depreci2tion method and rate 25(/y redu¢ing balance 25Q/y reducing balanc Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deF*)sits. and other short-terni highly liquid investments that are readily cot]vertible to a known amounl of cash and are subject to an insignificant risk of change in value. Page 14
AIMCommunity Limited known as Aim Arts A¢ademy* Creative Me Mentoring and Starr Mentoring Notes to the Financial Statements for the Year Ended 31 August 2021 Trade ereditors Trade creditors are obligations io pay for goods or Services that have been acquired in the ordinary course of businc55 from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting perioiL to defer settlement of the creditor for at leasi twelve months after the reporting date. If there is an unconditional right to defer settlement for ai I1 twelve months after th¢ r¢porting date, they are presented as non-current liabilili&s. Tnde creditors are recognised initially at the transaction price and subsequently Mured * amortised cost U5in8 the effective interest method. Fund structure Unrestricted income fvnds are generdl fimds are available for use at the trustees discretion in furtherdnce of the obj¢¢rives of the charity. PensioThs snd other w)st retirement obligations The charity operaies a defined contribution p¢nsion sch¢Tne. ContributiOll5 are recogTiised in the Stat¢m¢nt of Financial Activities when they are due. If wntribution paym¢nts ex¢¢ed the contribution due for s¢rvs¢e, the excess is recognised as a prepayment. FillaDelal Instruments Financial assets and liabiliites are recognised wh¢Tt th¢ Charity bccom¢s a pw to th¢ Contractual provisions of an instruTnent, and are classified according to the sllbstance of the contrdctual arrangements entered into_ Recognlllon dnd measurement All fllMn¢ial awls and liabilili¢s are meaed ai trall5aciion price (including transaction ¢osis>. They are derecognised when th¢ contra¢tual rights or obligations expire or are settled. 3 Net incomingloutgoing resources Net in¢oming resources for the year include.. 2021 2020 Depreciatlgn of fixed &ss¢ts 160 113 4 Income from donations and kga£ies Unrestricted fund$ Designated General Restricted funds Total 2021 Donations and legacies,. Donation5 from individuals Grants, including capital grants. Govcrnment grants Grants from other charities 229 229 5.462 154 5,462 42,051 35.382 6.515 35J82 5,845 6,515 47,742 Page 15
AIMCommunity Limited known as Aim Arts Academy* Creative Me Mentoring and Starfish Mentoring Notes to the Financial Statements for the Year Ended 31 August 2021 Unrestrieted fuDds Designated General Restrieted funds Total 2020 Donation5 and legacies; Donations from individuals Gr8nts, in¢luding ¢apital grants" GovtTnfftent grnnts Grdnts from other charities Gifts in kind 1.025 1,025 9,715 27,145 9.715 49,378 292 18,733 3,5 18.733 38.177 3,5(M) 60,410 Grdnts from other charitable fountstions include £30.644 transf¢rred from Frontier Youth TTWSL and Gifts in kind relate to fixed assets transferred at net bk value from Frontier Youth Trusl to AIMComrnunity Limited, for use by the charity. Both transactions are as part of an assel transf¢r agreemenl.dated 31 Decalnber 2019. 5 Intome from th2ritsble activiti Totsl 2021 Totsl 2020 Mentoring. skills and learntng 161,235 91,462 6 Income from other trading aetivities Total funds Events income- Oth¢r ¢V¢Trts incoffte Lotteries and competiiions income 2,074 147 Total for period ended 31 August 2021 2221 Y Investment income Total 2021 Total 2020 Ini¢resi r¢ceiYable and similar income- Interest receivable on bank deposits Page 16
AIMCommunity Limited known a$ Aim Arts Academy* Creative Mc Mentorittg and starfh Mentoring Notes to the Financial Statements for the Year Ended 31 August 2021 8 Expenditure on charitable activities Unrestritted funds Designat GeTheral Restricted funds Total 2021 Note Mentoring, skills and learning Siaff costs Allocated 5UPPOrt costs 20,394 103.391 500 20.894 144,788 35.382 6,015 1.348 18.404 ,348 18,404 Governance costs 35.382 143.537 6,515 185.434 Unrestrieted Designated Restrieted funds Total 2020 General Note Mentoring, skills and l¢amin Stsff costs Allocated support costs Governance costs 12.313 73.865 12.313 96,098 18,733 3,5 1,498 11.469 1.498 11.469 18.733 99.145 3,51M) 121,378 9 Analys of governance 5pport costs Charitable activities expenditur¢ Total 2021 Total 2020 Staff entertaining Telephone Legal and prof¢ssionai Bank charges Depreciation of equipment 69 926 483 206 34 56 74 1,349 1.498 Page 17
AIMCommunity Limited known as Aim Arts Aeademy? Creative Me Mentoring and Starfh Mentoring Notes to the Financial Statements for the Year Ended 31 August 2021 Governance costs Total 2021 Total 2020 Staff costs Wages and salaries Social security costs Pension costs Independent examiner fee5 Examination of the financial statements Other fees paid to examiners Legal fees Other governance costs Allixated support costs 11,016 55 7,098 132 15 1.900 5,420 1.200 3,0 13 18,404 11,469 10 Government grants Job Reientton Scheme Grant The aTnount of grants recognised in the finan¢ial was £5.462 (2020- £9,715). I l Trustees remuneration and expeDse5 No trustees. nor any persons connected wtth them, have received any r¢mlln¢rntion from the charity during the year. Funher no trustees haye received any r¢irnbursed expenses or any other benefits from the charity during the year. 12 1nd¢pendent examiner's reiDUDeration 2021 2020 Ewdmination of the financial ststements 1,900 1,200 Other ftts to tmInerS All other services 5,420 3,000 Page 18
AIMCommunity Limited known as Aim Arts Academy? Crealive Me Mentoring and starfh Mentoring Notes to the Financial Statements for the Year Ended 31 August 2021 13 Staff Costs The a88regate payroll ¢osts wer¢ as follows.. 2021 2020 Staff costs during the year were: Wages and salarie5 Social security Costs Pension ¢osts 151,556 1,056 3.247 96.732 4.760 1,851 155.859 103,343 The monthly avet7ge number of persons {including senior Margement / lelership team) etnployed by the charity during the year expressed as full time equivalents was as follows.. 2021 No 2020 Tutors and Siudent $upport Operations manager 10 10 7 (2020- 5) of the alK>ve employees participated in the Defined Contribution Pension Schemes. Contrli )utions to th¢ ernploy¢e peE]sion schefftes for the year totalled £3247 {2020- £1.852). No employ¢¢ r¢ceived emoluments of more than £60,000 during the year. 14 Taution The charity is a regist¢r¢d ¢l]arity and is therefore exempt from t&xation. Page 19
AIMCommunity Limited known as Aim Arts Academy9 Creative Me Mentoring and starfh Mentoring Notes to the Financial Statements for the Year Ended 31 August 2021 IS Tangible fixed assets Furniture and equipment Totsl Cost At I September 2020 Additions 453 300 453 300 AÈ 31 August 2021 753 753 Depreciation At I September 2020 Charge for Éhe year 160 160 At 31 August 2021 273 273 Net book value At 31 August 2021 480 480 At 31 Au8USt 2020 340 340 16 Debtors 2021 2020 Trade debtors Prepa>Thents Other debtors 12.842 949 5,025 71 19,416 71 17 Cash and easb equivalents 2021 2020 Cash on hand Cash at bank 10 80.739 10 91,3(H 80.749 91,314 Page 20
Atmcommunity Limited known as Aim Arts Academyg Creative Me Mentoring and Starfh Mentoring Notes to the Finaneial Statements for the Year Ended 31 August 2021 18 Creditor5: f4lliDg due within one year 2021 2020 Trade creditors Other thx100 and s18] se¢urity Other creditors Accruals Deferred income 6.542 5,419 292 4.2(K) 51,319 334 5.760 31,747 44,383 61.230 2021 2020 Deferred in¢om¢ at I S¢ptrmber 2020 RestsuTces d¢f¢rr¢d in th¢ p¢riod Amounts released from previous periods 51,319 22,482 (42,054) 51,319 DefeTred incomc at year end 31,747 51,319 Defeffed income relates to the followtng= Contracmrdl payments from lo1 authorities re¢eived in advan¢e of the period to which they relate, totslling £12.482 (2020.. £15.157)- Grants donated by charitable foundation5 designated to provide serYice5 in the year to 31 August 2021, totalling £15.315 (2020.. £25,697)- Grants donated by charitable foundations restrtcted to fund specific projects that remained to be undertaken at th¢ y¢ar ¢nd, totalliDg £3,950 (2020.. £10,465). 19 Pension and other schemes Defined contribution pension scheme The charity operdtes a defined contribution nSIOn schetne. The pension cost charge for the year represents contributions payable by the charity to the schetne and amounted to £3247 (2020- £1.852). Page21
Atmcommunity Limited known as Aim Arts Aeademyg Crtrative Me Mentoring and stsrfh Mentoring Notes to the Financial Ststem¢nts for the Year Ended 31 August 2021 20 Funds For the Yegr Ending 31 August 2021 Asatl 5epternber 2020 1C0Ing resources Resourees expended Asat31 Augu$t 2021 Unrestricted funds General 30,495 169J04 (143,537) 56.262 Designated 35.382 (35,382) Total unrestricted funds 30,495 204,686 (178,919) 56,262 Restrieted funds 6.515 (6.515) Total funds 30.495 211,201 (185.434) 56,262 Incoming resources Resources expended Unrestricted fllnds Designated Talbot Village Trust The Valentine Charitable Trust Safer Dorset Narional Lottery Community Fund The Alice Ellen Cooper Dean Charitable Foundation 3,333 15.334 6,915 4,8fy) {3,333) (15,334) (6.915) {4,800) {5.000) (35,382) 35,382 Restricted funds Frontier Youth Trust Groundworks- Tesco Community Grant 6,015 500 {6,015) (5001 (6,515) 6.515 Total funds 41.897 (41,897) Page 22
AIMCommunity Limited known as Aim Arts Academyg Creative Me Mentoring and starfh Mentoring Notes to the Fillancial StatemeDts for the Year Ended 31 August 2021 20 Funds (continued). For the Year Ending 31 August 2020 IDeoming Resourees expended Asat31 August 2020 Unrestrlcted tsnds General 129.640 (99,145) (18,733) 30,495 De5igtMted 18.733 Total unrestricted funds 148.J73 (117.878) 30,495 Restrieted fllnd$ 3.500 3,500 Totsl fund$ 151.873 (121,378 30,495 Ineoming resource5 Resources expended Unrestricted funds Designuled Talboi Village Trust Th¢ Val¢ntin¢ Charitable Trst National Lottery Community Fund 6.667 9,666 2,400 (6,667) (9.666) (2,400) (18,733) 18.733 Restricted funds Frontier Youth Trnst 3,500 {3,500) Total fuThds 22.233 (22,233) The spe¢ifJ¢ puryoses for which the fimds are io be applied are &8 follows: Lksignated funds The Talbot Ville Tnt Covid-19 Support Fund wds granted to estsblish an emergency contath for students, to be able to provide each young person with regular support via telephone or other technology and create learning and support resources whilsl our main prograe$ could noi be delivered in p¢rson. The National Lottery Community Funding awarded th provide support through technology for young people with complex needs during the Covid-19 ¢risis. This has et]sured that beneficiaries hav¢ received Tegular ontact alld leamill8 resources whkie programmes of activity be delivered in person. Page 23
AIMCommunity Limited known as Aim Arts Academyj Creative Me M¢ntoring and Starfish Mentorlng Notes to the Financial Statements for the Year Ended 31 August 2021 Designated funds (continued . . . . Th¢ Val¢ntin¢ Charitable TrusL Safer Dorset and the Alice Ellen C(w Dean Charttsble Foundation have each awarded grants to provide coniinued support ioward the costs of siudent support workers who provide key roles across AIM Cornmunity's programme of activities. Restricted funds Frontier Youth Trust is a movement of pioneering youth workers and projetts. Until 31 December 2019 one of its projects had been AIMCommunity at which point all ass¢ts relating thereto were transferred to the newly fomied charity AIMCotnmunity Limited to continue with its creative arts and mentoring progrdtnmes. Of the total ndS transferred £13,465 had been restricted by the benefactor. with £9.515 utili5ed to dat¢ and £3,950 deferred to the next accounting peri(Ml. Tesco Community Groundwo$ Covtd-19 Grnit enabled the chartty to implement the resources needed to continue with its progrdmme of activitie5. 21 Analysis of net assets between fuDd$ Totsl fuThds #t 31 August 2021 Unrestricted funds Gentrnl Designated Restricted funds Tangible fixed assets CuTTent assets Current liabilities 480 80.900 {25,118) 480 100,165 (44.383) 15,315 (15.315) 3,950 (3.950) Total net assets 56262 56,262 Total funds at 31 August 2020 UnTestricted funds Ceneral Designated Restricted fund5 Tangible fixed asseis cUTnt a5set5 Current liabilities 340 55223 (25.068) 340 91,385 (61.230) 30,495 25.697 (25,69 10.465 (10,465) Total net assets 30.495 Pag¢ 24
AIMCommuDity Limited as Aim Arts Academy* Creative Me Mentoring and Starfh Mentoring Statement of FinaD¢ial Aelivities by fund for the Year Ended 31 August 2021 Unrestricted Funds Totsl Total Unrestrieted Unrestricled Funds Funds 2021 2020 Income and Endowm¢nts fro. Donations and legacies Charitable activities Other trdding aciivitits Inv¢sttnent income 41.227 161.235 2,221 56,910 91,462 Total income 204.686 148,373 Expenditure on: Charitable activities (178.919) (117.878) Total ¢xpenditure (178.919) (117,878) Net income 25,767 30,495 Net movement in funds 25.767 30.495 Reconciliation of funds Total funds broughi forward 30,495 Total fund5 carried forward 56,262 30,495 This page does not forni part of the statutory financial statements. Page 25
AIMCommunity Limited Iinown as Aim Arts Academy. Creative Me Mentoring 2nd Starfjsh Mejjtoring Stslement of Financial Aclivities by fund for the Year Ended 31 August 2021 Restricted Funds Total Restricted Funds 2021 Total Restrieted Funds 2020 Income and Endowments froTh: Donations and legacies Total incom¢ 6.515 3.500 6,515 3,500 Expenditure on: Charitabl¢ a¢¢ivities {6.515) (3.500} Total expenditure Net in¢omeJ{expendilure) Reconciliation of funds (6.515) (3.500) Total fijnds earried forward This page does fom) part of the staiutory financial statements. Page 26