Cornpany registration number: 12146728 Charity registration number.- 1185928 AIMCommunity Limited kn(r•m as m Arts Aodemy, Creatlve Me Mentorin8 and Starflsh Menttri (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2022 Artema Limited IA Kingsburfs Lane Hampshire 8H24 IEL
AIMCommunity Limited as Aim Arts A¢ademy• Creative Me Mentoring and Strfh Mextoring Refee and Administrat Detsils Trustees, Report 2to7 I[Pendent Examiner's ReFQrt Ststement of Firla1 rtNili 9tolO BaLan Sl*t li Notesto FinaKial Statements IZto24
AIMComnJuDity Limited known as Aim Art8 Aeademy Creative Me Mentoring and stsrfh Mentoring Reference and Administrative Details Trujtrees Dr Y T Mclntyrt Bhw. Chairn MJ S J Bur8esg Mr I Chri¢hton Mi95 T D Taylor Charlty RegiitrntlOD Number 1185928 Company R¢%kntrntll Number 12146728 Re8lster ()ffi¢¢ AIMCentyal East Howe Yoyth Centrt Kin1 Ro BH103HD Independeat Examiner Artam Limittd IA Kinybury's ie Rin8W(N)d Hampshir¢ BH24 IEL Page I
AIMCommunity Limited known as Aim Arts Academy, Creative Me Mentoring and Starfish Mentoring
Trustees Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31st August 2022.
Objectives and activities
Objects and aims
To act as a resource primarily for young people in So4thern England by providi!]g 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 developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
b) Advancing education;
c) Relieving unemployment;
d) Providing recreational and leisure time activities in the interest of social welfare. for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life for such persons.
To promote learning in people who are not in education, employment, or training, through the continued development of their individual capabilities, competencies, skills and understanding in subjects of educational value.
Objectives, strategies and activities
AIMCommunity Limited was formed as a direct result of Frontier Youth Trust (Charity Numbers 1059328 and SC043239) shift to move its locally funded projects working in those
local communities to become autonomous and independent charities. Thence under an asset transfer agreement dated 31 December 2019 all staff, assets, and activities of the AIMCommunity project were transferred to the newly formed charity of AlMCornmunity Limited to continue its work based in Bournemouth.
Public benefit
The Charity's objects are restricted specifically, only for the public benefit to act as a resource for young people up to the age of 25 years living in Southern England by providing advice and assistance and organising programmes of creative, physical, educational, and other activities. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance AIM Arts Academy
The challenges of returning AIM Arts Academy operations from pandemic mode have been extremely difficult from a programmatic and pastoral perspective since we have kept some Covid-19 operational policies in place alongside contingency planning for further possible local and specific incidents/instances or issuance of government guidance should further pandemic conditions occur regionally or nationally.
Page 2
AIMCommunity Limited known as Aim Arts Academy, Creative Me Mentoring and Starfish Mentoring
Trustees Report
The Arts Academy team continued to deal with increased students' anxiety, depression and Covid related issues. They did a great job supporting students through this time as well as through their exams. The team also used some "down time" to upskill and do CPD Trainings.
Time was spent continuing with team building and investing into the team post-Covid to rebuild the staff morale and make sure they were doing okay through changed operations on campus.
We had 20 students enrolled this academic year. 100% of those students that we entered for their GCSE's in May 2022, passed along with similar results for Functional Skills Maths and English, RSL Music Practitioner and Creative Media students.
Starfish Mentoring
During the financial year Starfish provision was reduced due to the Covid-19 restrictions imposed for large portions of the year. Despite this Starfish worked with 22 young people from across the BCP area (17 young people within the Starfish Mentoring and 5 young people within Starfish Plus Mentoring). Out of the 22 people, aged between 10 and 16 years old, 12 identified as female, 8 identified as male, and 2 identified as non-binary
Throughout the year, the Starfish mentoring team had a mixture of paid staff, volunteers, and placement students. Each team member has had varying experience with mentoring and the creative arts.
Our volunteers (who are DBS checked), provide support to the programme managers of our mentoring programmes.
----- Start of picture text -----
Page 3
----- End of picture text -----
AIMCommunity Limited known as Aim Arts Academy, Creative Me Mentoring and Starfish Mentoring Trustees Report
Despite the many challenges presented with regard to returning to activities post-during the pandemic, Starfish received a great deal of positive feedback for the service provided to young people. Examples of this include;
The mother of the young person that we worked with from January-July 2021 was very supportive of Starfish and how we helped her young person get ready for school and education.
A young person that identified as non-binary said that they felt "they could be themselves
at Starfish".
Another young person said that the hour at Starfish was their best hour of the week.
Financial review
Policy on reserves
AIMCommunity Limited is committed to establishing and maintaining a strong reserve fund with four key components, subject to review on an annual basis.
Continuity Fund - to bridge any possible delays in receiving promised grants or managing payment in arrears contracts.
Restructuring Fund - to cover essential activities whilst sourcing income to a maximum of 6 months budgeted charitable activities.
Cyclical Maintenance Fund - to be used for major items of maintenance of the fabric of the buildings such as redecorating the interior and exteriors.
Dissolution Fund - to provide for the costs of dissolution should the charity be unable to continue. It is only to be used in the event of the Trustees' deciding the charity should cease to exist. It will be used to pay notice periods, redundancies and the expenses of running AIMCommunity Limited until closure of the charity.
Page4
AIMCommunity Limited known as Aim Arts Academy, Creative Me Mentoring and Starfish Mentoring
Trustees Report
As a new charity our first priority is to provide enough reserve funding to allow for dissolution of the charity, calculated as 3 months salaries and running costs with the goal to have this in place by the end of2 completed years of operation.
At the end of the financial year the charity held funds of £42,398, representing over 90% of the target dissolution fund.
Plans for future periods
Aims and key objectives for future periods 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 more schools and families to provide support for their young people. This is a continuing objective which has been difficult to progress due to a focus on securing appropriately committed and qualified staff for this post-pandemic year. Further expansion is targeted but requires significant consideration regarding staffing, appropriate premises and associated outreach activity and further regional/council relationship building.
We also aim to acquire more funding to help support young people to travel to sessions. We aim to recruit and train more volunteers to support young people.
Whilst we continue to use the building known as AIM Central, our aim is to look to extend our activities and we have identified the Branksome Centre as an ideal facility for both our Starfish Mentoring and Creative Mentoring programmes. The premises offer a bright well resourced facility with the benefit of good outside green space and provide a good working environment for both our young people and staff. The premises are managed via Poole Communities Trust and are available to rent by the hour.
Going concern
This post-pandemic year has been challenging for AIMCommunity.
From an operational perspective, AIMCommunity has managed these challenges positively and efficiently, adapting to an ever-changing working environment and implementing and maintaining safety measures in line with Government guidance.
Despite the difficulties outlined above, AIM Community's second year of operation as an independent charity has been financially solid. Management and trustees continue to consider opportunities to develop services, attract sponsorships and donations and grow sustainably in accordance with the charity's ethos and values.
On this basis, the trustees consider the charity a going concern.
Structure, governance and management Nature of governing document
The charity is governed by its Memorandum and Articles, incorporated on 8 August 2019.
Page 5
Atmcommunity Limited Aim Arts Academy. Crutive Me Mentori•g and Starfknh Me•tOriDg Trustets Report Any per%K) who is willin8 10 a$ 4 Tnts. is Fernittoj by IAW m•y be 14wintyJ be J TAtrt by resolution of the Tru$¢s. Tnte5 are 4ybin¢ed for a tenn of tht ytarn at fv end of whi¢b they shall reti unles5 eligiblc for r¢aprM)intment by thr TnL Is no Tnfjtre shall serve f(Y than nin¢ ¢on%¢uiive y¢4f5. unless the Tnwe¢s co$1dCT it would be in the best interests of the Chty for A PiCultr Tntse w contin Th¢ Chwtty is overseen by its Tftw of whKh a¢ litt there be •miTrimwm ofthrte • mlmn The Tru5ttts. on behf0f the clrIty. h•¥e ¥winttd empboytts k) run the day ivitics. There is workin8 directty with the Charity's benefKtaries youth workern menws 8TrJ tuwrs. Flm••¢l•l imstr¥rn¢mts The are of th¢ opinion th•1 th¢ charitys xtivities do not exrnse it to 5i8nlfK¢ financ1 risks. lThe charity Cre•W r charitys priKipl finwKial awts are at The credit frse fiMK15 15 limited beðe Uyldlw rLs mAinthins sufficient in # ¢kptsil bank ¢eounL Slxtem¢ot of Tr¥sttts' Rtsponslbllitlts The iwstees Iwkn aff the ofAIMCtMnmthw IAmid the ofcryw lllwl x¢ Accoun¢ing Sthndards (Uni1 King&)m Genernlly Ac¢¢wed Accountin8 Prxticel WMI apPliL1ej8W Cornpany law requi the trystres to ]xepwe finKial for exh finllncial yc¥. Undcr company law the trustees approyc the fin(1 5tstcnKnts unkss thcy tre satisficd thej gi a t and fair view of th¢ slai¢ of atTairs of the ¢harithbk ¢ompffj of its i{nIn$ rt50urcts ylicatiLYh of re%)ur includi1¥ its Se1 suitsble x¢ounting wlicics Ind apply them consistenily: observe the rnethL and wiwiples in the Clwiti¢s SORP: wlLetkn¥pplicabk UK Accountin8 Standards have trttn followed. subiea th any mwial depthrn disclosed Page 6
AIMCommuDity Limiled knowth 4# Aim Arts A¢ademy• Crttive Me Me•¢orimg Starrkn Mt•loring Trustees Report coniinue in trrtLsin¢ss. The ts7$ r TCSWm5ible for keeping •Jequal¢ 8ccouniift8 re4yrds art to explain the dwitthlt mpony'5 Iransa¢tions and disclo wilh rrdsonable my time the fin%1] w)sition of thc ¢lwitsble rtsmpany and ¢tthblc them cnsure the finwl sw•n¢nts ¢ryty with th¢ Companiu A¢¢ 2(K16. Thry ore 50 reswTrnsiblc for safeguarding the assets of the charitsble company and hen¢¢ for thking rewnAbk sws for th¢ prevention detrction of fTW The mnual rwl was arvoved ty th¢ of thecbwity (m 16 May 2023 its b¢lwlf by.. Trustee Tfustee
AIMCommunity Limited J Aim Arts Aademy? CreAlive Me MeotOriDg od Stsrfub Mentorijg 1dedent Examinerfs Reprt to the truste¢s of AIMComm¥oity Limited I report to the Charity tsust¢¢5 on my examin of of thtcthnpwy fwth¢ yev 31 Alyist 2022. Ru1111¢1U ind bAth of report As ihc charity'5 of the Compwry land aljo its diredots for the pury)sesof panY lawl you Ire ffsponsible fLY the ofth¢ ify x<(YdwK¢ with the wuirtmcnts of the C(rfnpaDies A4 Ilhe 2(th Adl. Having sthisfied Myselfth the w)unts of AIMCommunity Limited ve r#X rtquired w b¢ •ydited undu kn 16 of the 2W6 Ad and Jff ¢lk¥ible IT eXInati(¥1. l in w ofmy eX110n of your dwity's counts &8 wried undtr settion 145 of the nwitjes 2011 Ilhe 2011 Arfl. In Ing Lxrt my exniniti¢ I hve followed thc Dirrrtifm5 givcn by th¢ (Trlty CtMNnission 5eaion 14513Xb) of the 2011 Act. IAdeptndemt tx•mlmer's Jelleent rKwiD¢in8 w¢r¢ kep¢ in r¢spcd ofAIMC(ownwity Limid •5 r¢quire4J by 386 of the 2(KJ6 A(% the accounts do nol comply with the xcountin8 requirtnnls ofdion J% of the Ad (Aher thon ekYninion.' LY the been prtpwtd in with the Meth($ I1 principles of the Si8l¢m¢nt of Re¢ommended P11¢¢ for c¢ounlin8 and repxln1 by charitie5 ¥pIic4ble to charities preparin8 their Én with tht Fin•Ki Stthd wliL in the UK R¢wli¢ of I1• (FRS 1021 I hAK no corKrrns and come xr055 no th matters in connection with the ¢win•tion lo Iwhich *n¢ion uld be in this reiKYt in order to enle a ofthe be Yuval Salomi FCCA Artema Limitrd l a Kin8sbury's ianc Ringw(KxI Hampshire BH24 IEL P4e8
AIMCommunity Limited known s Aim Arts Academy, Creative Me Mentoring and Stsrftsh Mentoring sthtemenl of FinAncial Aetiviti¢J for the Yur EDded 31 A11 2022 {Ineluding Income #nd Expenditutt Accounl And Staten)eDt of TotAI Reeognised GinJ Dd LoJses> Totsl 2022 Funds Funds Donions Iyies Clhtrit8ble ctivities 42.858 363.471 13 42.858 303.471 13 IMh¢r tr18 Xtiviti Inv¢slmenl incom¢ 41j5] 406.351 Eipeodl¢•re M: Chorithbk 1Vill¢S -48.5¢X) T(knl eXti¢ Net income -?48.541 157.761 157.761 157.761 157.761 T(rtAI broutht forwArd 56262 214.02.1 56262 214.023 All of the xlivitiej dHive frorn continuin8 LT¢r*ioTrs during the above Th¥0 periryls. Th¢ fimdl IK¢akdown for 2022 is $trwn in note 20. Th¢ notes on pages 12 10 24 foTm an int¢gral part of iheg¢ financi41 ststem¢nt& Page 9
AIMCommunity Limited known as Aim Arts Ac8demy Creative Me MentOriDg aDd starfh Mentoring StteDKnt of FinaDeial Aclivities for tbe Year Ended 31 Awguxt 2022 (Includitsg In¢om¢ Dd ExpeDdilure Account aDd Sttement of Totsl RttogDised Giw and Losses) Total 2021 Funds Funds Note 41227 161235 6JiS 47,742 161.2J5 (Xher tr18 Xllvities Invc5tmeni irtomc 6JlS 211 ?01 Expe¢ ••'. Chwithble 1vIll -178.919 -6515 -185.4J4 -178.919 185.414 Nd iKome 5.767 25.767 Nct in fwth 25.767 TMI furwjs IYou8hl foN¥d Ti•l furth carried forwud 30.495 30.495 56.262 The notes on pages 12 to 24 forni an integr81 part of these financial statements. Page 10
AIMCommunity Limited known as Aim Arts Academy. Creative Me Meptori#g a•d stsrrb MeDlorig Balance Sheet aj at 31 Amgvgt 2022 2022 2021 Note Flxed Tangible as5ds 13362 Debtols Cash in hand 36.572 165324 19,416 80.749 201.895 IIKI.165 C.rediton: flll•i wlthl ome yur ¢1 ¢¥rr¢•¢ •s•¢ts 18 4.171 197.724 211,086 55,782 56,262 F•#ds of tht ehry: 214.023 214.023 56,262 56,262 To¢•1 fKwl• For th¢ fin181 year ending 31 AW 2021 the dwity tlI11Ed to fr(D •thai¢ 477 of the cLKnpje5 Ad relin8 kn Sm1 CLYnywie The rnernirr5 lTravc not rrquirrd thc to ithin In wdit of its for the yur in questi in *eordane¢ with 476: The directtx5 rkledge th¢ir T¢SPsIbilitIeS for compfyin8 with the rrquirEments ofth¢ Ad with r¢spect to Dr Y T Mclntyre Bhatty Ms S J Burge&s The notes on 12 to 24 forni an intrgral of these fin&181 statemthts. Pagcll
AIMCommunity Limited know• •8 ARM Arts A¢¥dtmy Creativt Mt Menlorimz and StArfh MeAtorl•g Notes to ¢ht Financial Stsi¢meDts for ¢he Year Ended 31 Allius¢ 2022 I Ch•rlty ¥tAl5 The charity is limi by in & W•kn arKI rthue4Wtfy not have shw¢ cjyithl. Exh ofthe InL is lilE cwrfribw¢ Thwit exc¢edin4 £1 wArdS the assels ofthe charity in Ihe event of liquidthion. The th ofits resistrrtd offKe is: AIMCentral E%1 Howe YLMth Ce Kinson Road Bournemouth BHIO 5HD find11 fow is the 16 2021. 2 Aeco¥•tl•i polld Symfflry of slg•lfiu•l Kcou•t&nR lItIeS J•d kew t¢ouil#R esilmieA Th¢ priThciphl accountin8 p)liiie5 applicd in the W¢ptrati( (Trfthc5¢ finaDiL *t Sd below. Thue
li¢i¢s have been c15tty 4Jplied dl the yews w¢sen1 unless othen¥ise Med. The financial Slements h•vt bern prparcd in X¢OfdK¢ with A¢counting Reportin8 by Chariiies.. Sthmcnt of R¢rommendcd P11¢¢ lapplicable chariiiH wrywin8 their in x¢oth)c¢ with the Finan¢1 Rewning wli¢4bk in ¢he LIK R¢rwbli¢ c)f Ireland IFRS 10?11 11$$ In (kth 0191 - IChwiiie$ SORP IFRS 10211. the TrinInci R¢wrtin8 SdIrd ¥pli¢able in th¢ UK R¢publi¢ of lffland IFRS 1021 and the Componi¢s Aa 21kn. BJkn ofpr¢prntlo• AIMC'ommuniTr Limited rn¢¢ts the d¢fmi¢ion of • wblic b¢n¢frt emty FRS 102. Asxts ar#J I11111>e$ are inili•Lly raxwiixd * hiXwi¢41 $1 v•lue unless iyherwige sle4J in the x¢ouniin¥ policy Golmi co•¢enJ The irusiees ¢onsider ihai ihere mawi•l unc¢nwntieJ the ¢h¥iWs ability w ¢oniinue ¥ 8 8¢ corK¢rn any Si•r areas ofwK¢rw thm affea the wing vAlue of assds held by the chrity. EAempilom from pr•% a r¥yh Ih)w Jtsttwe•l The charity opted to ewty Bulktin I publi5hcd 2 Fe 2016 have thcrrforr inclutsl a cash flow 5t8tcment in these finillJ 5t4tcmcnts. l¢the •d eAdothe•ts All incLKnC IJ rcwised the chthty haj tntitlcmcnt io thc irKLvnc. il 15 rythblt th the intLNne will bt rtttived and the rnnt ofthc Inc receivlbbe c4n be rnt45wd rcliabty. Page 12
AIMCommMmity iAmited knowtt ts Aim Arts A¢ademy CYea¢ive Mt Mex¢ori•t amd Me•¢orimt No¢es to ibe FinanciAI S¢¢ements for the Year Eoded 31 Awgust 2022 tX)natkons are reco8nLsed when thc ¢hanty Iw been notified in I111n8 of arnLMJnt aThJ sddement dat¢. In tr event that a donation is subjea to condiiions th a Ivrtl of I0¥ce ty thc chw b¢fiKe the is entitled the the I0)¢ 1$ deferr¢4J ¥MI n(A rtcognised until cithu those ¢11110r6 are fvlly met. or the rulfilmeni ofthose ¢4)thJilithty is TrI within the control of the chlty il is wob•blc that these ¢ondi¢ions will be fylfilkd in the [tling NYi(l Grants w¢ ttcognisoj when the charity has an ctitkm¢M •ry conditions linked the hav¢ liability MI irKIth on the balwKe shed a5 defeNed iKom¢ to be released. Deferfedln¢ome ftff which il hx be Swh i)Me 15 onty def(zred when: Glfv In TTrMNe domted for onw¥d tmsrnissi( tnefKiaTies are included in the Statement of Financiaj Activities chority wwkl Iwe io p•y to xquirt them. chrrfity would hJ pay them. Exp¢•dknr¢ All eX)MIle 1$ wised once there 1$ • Iwi w ¢OnstrVe obligalion to that cxpcThJiture. it is probable settlement is ttquirtd and th¢ amcrtJN be ttK&8Wtd ttliabty. All costs wr to the applicth exFMdrtiwt Ilw have been allo¢d on a basis with the use of resourcrt. wtth ctntraj staff costs aJl(K4d on ihe b&8ts of lime SFnC deprcct¥tion char8e5 all(xed on the of the &sseVs LL%¢. OÈlw $ts are allted Charllabledcll Charitable expenditure comprtses tIMJse costs inotrr•4 by the dwity in the deliv¢ry of ity xiviiie5 seryicu fLY its benefKiaric5. It ilIleS trth costs th be alloc*ed diray 1vIlieS thos¢ costs of an indire of resources. for ¢xampl¢. allrK•tin8 property costs by nraT¢4 staffcosts by the tsnx spent (rtlv o)s¢s Page 13
AIMCommunity Limited IoWn a8 Aim Arts A¢Ademy• Creative Mt Men¢ori•g amd Starftsh Mentorl•g Noteg to the Fingneial Statements for the Yr Ended 31 Augugt 2022 Thc5c include the costs attributsble to the chariW$ mpli9nce with ¢StIltiOnal and statutory in¢luding wlii M•neI Thl trustr¢s's meetin8S SKI rrirntMJrne4 ¢xrrt¥¥& Governmtt grnts Government grants are Ttcognig¢d b1 ott the tanJ81 model and are m¢tsured fair value of fv &ssCt ceived or receivable. Grnnts ar¢ ¢lassifitd ¥elinB cith¥Y io f¢venue or io &ssets. Grnt)ts 1lg to revenue are gnised in income over the rKri(xi in which thc relaied ¢4)sts are reco8nised. Grants rel18 to asxts sre recognised over the expected useful life of the &sset. whe pan of a granl relatin8 to an assrf is deferre4 it IS Irrxov¢rbk VAT Irr¢cov¢rable VAT is charged 88ainsi the c£¥(Y of resouw eXr1 for whith it incurred. Tax0 The charity 15 considered to the ttsts sct out in I SdK41uk 6 of the Finw Ad 20 10 thtreforE it meet5 the definition of a charitable comFy for UK ¢oryolon i ax.puryM)ses. A¢c4)rdin8ly. ¢hJrity is tthniialty exempt from taxation in respect of income or capithl gwns received witbin ¢at¢gori¢s covered by Chapr 3 Part I l of the Corporation l ax Act 2010 or Section 256 of the Tallon of Chargeable Gains Ad 19)2, to th¢ extent that Such ILTre or ¥41 are 4yplied exelu5ively ch•r[th¢ purp) T•glblt 11std #Jsets Indiwidua] fixed assets ¢05ting £150 or more ue Énitiajly rewded at Itss any subsequethx¢umuled dwre¢iation and subsequurt attwnulated impairn)em losses. Depreclatlom aTrd Amortlstlo Ikpr¢Ciatl ij Provided on tsngibk red $0 lo writ¢ off th¢ C1 or valua110 les5 any estimated residu value, (Trver their expeaed useful economi¢ life as follows.. Plant and MhInery Offjce equipment Ikpr¢<l•tlom m¢lhod md r•te 20% reductng balan 2V/47 r¢duciDg Wance Tr¥de delkn amou due frorn our income providers to suppffi our nornial chlble activities. These dthors w¢ regnISed the iransaciion value. A pmvision the impaim)eni of dcbtOf5 15 csthblishrjj whcn there is obje¢iive evidthce thc Charity will not br thle collea a]1 mounts due cordin8 kn thc LYi¥inal terms of the rcceivthles. Ch t¥h eq•ivle*ts C&sh 8nd ¢ash equiva]ents comwise ¢ash on hand and thsits. and othcr $hort-tcm highly liquid investments that llY convenibk to a known amouni of¢ash and £ subject io an insignific1 risk of ch&n8e in value. Page 14
AIMCommuAity Llmi¢ed knowD Aim Arts A¢&demy• Clive Me Mentoriog •nd StsrfL4h Mcntoring Notes to the Fingneigl Sttemettt$ for tbt Year F.Dded 31 August 2022 Tr•d¢ fredltors Trade creditOT5 are obligations io pay for goods or 5ervitts have been xquired in the ordinary course of business from supplicts. A¢¢ounts payable are ¢Ilfied as currcnt liabilities if the charity d(pts have an urt¢onditional righL 1¢ the end of the reporting period. io d¢fer settlement of ihc crcditor for at leasi hvelve months after ihe reportithg da. If there 1$ an un¢ondition81 rigbi io defer s¢ttl¢m¢nt for at Ic&sl twelve months aft¢r the reIlIng dat¢. they are PTtsend as non-current liabilities. Trade LTedits)rs we ffcognised inilialty * the tr¥Trsx#ion price and subsequenity Me¥ur at wnortil 5¢ usin8 the effective interest meihod. strudu un1 inconK are general that are 8¥ailable for use the thJ$te¢s discretion in fvrtherdnce of the obj¢¢tiv¢s of the charity. Th¢ ¢h¥rity op¢rates a d¢fin¢d ¢tsntyibuiion pension xheme. Contribuiions art T¢ry)8nised in the Ststcmcffl of Financial A¢tivits"es when they are due. If contribuiion payments ex¢e¢d th¢ ¢ontribution due for service. the excess is re¢oBnised as a prepayment. Financial &ssets and liobilittes are rewgnised wh¢n the chority becom¢s a party to the contrXtU provisions of instnLrn¢nc aThJ ar¢ ¢18ssified accuding ¢0 the sub#ance of the contrxtyaj arran8emits into. Recoxnliion ondmeasurempni All financial &ss¢ts and liabilities are Inred at tr8nw¢ion pri¢¢ (including lrwWlofi costs). They are dere¢o8nised when the ¢ontruai rights or obligations expire or art senlcd. 3 Net re8¢ Net incoming resour¢es for the year include: 2022 2021 Deprteiiti(m of fixed 3.340 160 4 from do••tw •d ky¢le• U•restrkled fud¥ Totsl Designted GeTrtrMI funds 2022 tknaticffis from individuals Grants. including c4>ital 8Tants: Govtrnment grants GTants from other charities 2.W8 2.1x18 34.950 42.¥S¥ 34.950 4?.¥58 Page 15
AIMCoMm¥nity Limited Aim Arts A¢demy? Creativt Me Mc•tori•z aAd Slrftsh Memtorit Note8 ¢0 ihe FiDAD¢IAI Statements for the Year Ended 31 A 2022 Totsl f••th 2•21 tkn#ti(ms fm individu1 Grant& includtn8 C4Pitai 8TMnts: 5.462 154 5.462 42.051 47.742 35J 35.382 6.515 6.515 5.845 GranLS fn)m thctrArithbk £30.644 tlsfced fnxn Fr)er Youth Tnts( •¥1 Gift5 in kind rela fixed •ssets txw)k from FrLKrtitr Yth Tn kn AIMCixnmunity Limit¢4t for by the ¢hArity. B(Ah ¥t Al Of aSSd 4rtern4Ilts 31 December 2019. S leomt chrttbk 2022 2021 Mtsknin& Skilb & ixvni 4(knJ29 161135 To¢al F•thdJ 6 l•¢offie from other lrndl#i *rllvlth• iATrtleries qnd ¢omprfiiions 13 7 IMveJtme#i lntomt 2022 2021 P16
AIMCommunity Limited knowo Alm Arts A¢•dtmy. CrlIVe Me Mtntoring thd Srr MentorlM8 Notes lo the Fln4n¢ll S¢A¢ements for the Ytr EDded JI Auiusl 2022 8 Exptaditure ehrll•ble a¢tlvitie¥ Il•re•¢rlrted fvmd• ed f•mth ToiAI 2022 lknlg4•ted Gw¢rl Nott skill$ aTrJ learning stsff Allocated support -13211 203.-704 6.816 5.259 248.5 6.816 5.259 248.59) Il•mlrltl¢d DulEmttd Re¥irlrted Tot•1 2ts21 Gtoenl ds Meniorin& skilh le4rnin8 20.J94 S? 20.894 35382 103.391 1,348 18.404 14.1,5.17 6.013 144.788 1.-14 18.41M 185.4.14 All41 coms 35.382 6.515 Ck•rttblt *thliks Totsl 2021 2(122 1.513 1.377 470 l ¢l¢phM¢ Illnk 116 3.340 34 816 1.349 Page 17
AIMCommykty Llmited know• Akn Affts Acaderny. Cre•¢lve Mc MetoriDt nd StrfL5h Memlorimt No¢es ¢0 the FiDu¢i•I Statemeots for the Yar Ended 31 August 2022 T+)ll 2•21 2022 11,016 55 1250 3J39 470 5.420 iffjl fees All1 Lxs 13 5259 18.404 Job Retrniion Scheme Gnmt I l Trust¢u r¢•w•¢ratiDD •#d expe# Totsl Totsl Other fes to eMthl#e All th s¢rvi 3J39 5.4?0 Pa8e 18
AIMCommiuity timited • J Aim Arts AcdemTr. Cretive Mt Me#¢oring Md Stsrlbh Mcotori•8 Notes to the Finncial Statements for the Y¢r Ended 31 Au8uJ¢ 2022 13 S¢ff Co Totsl 2•21 2•22 191135 6J99 4.Tll 203JOI 1SlJ56 1.056 -1.247 155.859 The nxrfllhty averagt nthnber ofFrS (iKlwlini senior i kthrlhip temttl aMploy&l by thc chity durin8 the ytar ¢xwrss¢d as full lime eguivthnts 5 folkms.. 2022 2021 16 10 17 712022. 7) ofthe empw prtici•l in Defincd P¢MTh S¢l*m ContrilxitThS tothe ¢rnplo)%¢ xhemej f(ff the ye•r ktslkd £3247 {2020. £1.852). P4e 19
AIMComm¥fjity Limited kDOWTr 4$ Alm Arts Aexdemy. Cre•ilve Me Memtori•2 Dd S¢•rfub Melltor Noles lo lh¢ FI11 for the Year E•ded 31 Augmst 2022 F•r•tt•v¢ T1 Al l sqath21 753 7JJ 15.922 15.922 1&222 16.97J Ai 31 +4•¢ 2022 1.053 I 2021 273 273 ('* tht y¢ Al 31 2022 J.1 )J6 J.1 429 3h14 Ai31 A21 Al 31 Ayi 2021 12 12.731 024 13.361 2•22 36J72 11142 949 J.62J Ig.416 40.187 2020 io 165J14 91.301 165J24 91.314
AIMCommunity Limited $ Aim Arts Acxdemy. Cretlve Me Menloring Sknrfh MentorlttK iyotes ts the Fimci*l Ststemejts for the Year E•ded 3 l A•gusi 2022 679 334 31.747 44 Ikfwml iMnt * I 2020 31.747 51.319 22.482 42.n44 11.747 11.747 t1xx1 frThn 1¥¢0 in orth¢ tly wlli £12.482 £15.315 y¢w•l £3.950 19 Peui•ll i•d other by the the bk•#*ed * L124712020. £IA32 Py21
AIMCommuDity Limited as Aim Arts Academy. Cretive Me Mentoring ttd Strfh Melltoriag Notes to tbe Finaoci¥l StstemeAts for Ihe Year Emded 31 August 2022 F•rtht Ymr Vadi•t 31 2021 Asil As*iJl A4g-22 56263 4WS1 2W51AI 214.023 56.263 WSI 2UJg) 214.023 56.203 4(&351 48.5 214.02.3 Totsi Py22
AIMCommuBity Limited known as Alm Arts Aedtmy Crtalive Me MeutortDg StrfL8h Me•lori•g Notes to the Fintteil SlattmeDts for the Year Ended 31 August 2022 For the Yur E11¢ 31 2•21 30.495 169JO4 . 35J82 143J37 35J12 56.262 T•tl 30.495 17&919 6.515 56.262 Rtsirirttd f••ds T•tsl 6.515 211201 30.495 185.434 56.262 eiptDded Ullr¢sltitled f••d• TatFrt)t Villy 3J33 15J34 6.915 3J33 15J34 6.915 Safer Iknd 35J82 35J82 Rmtrittrd h•d* Fr(ler Youth Tn 015 &015 6.51J 6.515 41.897 41.897 ifK pwpjxs fwwthich the fwds are to k ¥plitd ft4kn45.' P4t23
AIMCoMmuitV Limited known as Aim Arts Audemy. CreatiTr'e Me MeDtoritig •d Metttorthg Notes to the FiDDcial Sttemettts for the Year Ended 31 August 2022 FTOnti¢r Youth is a rnovemt of P)Ialn8 youth wokn proic(tk Unid 31 Dt&rnkn2019IMKofits h•J knj llt ini all tssets telattD8 there w¢re lo the 1). fiKnxd AIMConuMthity charity AIMC4XDmLmity Limited ¢iN#inLf with its cr¢aii¥c arts pwamn. Of trare11¢ £13,465 h¥J Ixcn r¢Aricd by With £9.515 wilid to(kn awj £3.950 d¢fenl tothe next a¢¢ounting wod. 21 A#atysi8 oflltl ajgtts b¢twth f¥d5 I,llresirKted T•l*l f••ds ai 31 2•22 Twible fix&J 13J62 201.895 31982 13J62 201J95 Cwtent liabilitics 32.982 182275 182275 ds 31A• Twibk rd avts 15J15 C.IirtLIrt liabilitiC5 ItN).165 25.118 15.315 3.9x1 44.383 56262 56262 This page of the fInla1 statenK. Page 24
AIMComrnunity Limits luhown as Aim Arts Aeademy. Creative Me Mentoring Starr Mentorirtg Ststement of Financial A¢¢ivities by fund for tbe Year EDded 31 August 21)22 Unres¢rkted Funds T•l•l Total U•rvlriete4 F¥Dds 2•U 21121 42.858 363.471 41.227 Clwitsbk acti%tIES 161235 1221 Trtat in¢ome 406.351 204.686 EApr•ditwre on: 248,590 178.919 24(590 178.919 157.761 157.761 25.767 Net movcnvi in fillK 25,767 R¢¢otttilt*tio• olfts#ds 56262 214.023 30.495 56262 P¥8e 25
AIMCommunity Llmitrd knovsn aj Alm Arts Academy? Cr¢e Me M¢n¢orln£ •nd $thrr Mentorlng S¢t¢ment of Fin•nciAI A¢¢fvltles by fuod for ihe Yar Ethded 31 Au8llSt 2022 Rextrleted Fund• T•tsl Rulr&rt¢d T(4•1 22 2021 6JlJ o.jij ChJritsbl¢ 4¢tiviticJ 6.JlJ This P•8tths f¢Ym P of the fimlltial Py26