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2025-03-31-accounts

Registered Charity Number: 1188511 Company number: 06322896

Bloc Projects Ltd

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

For the 12 month period ended 31 March 2025

Bloc Projects Ltd

Contents

Page
Legal and administrative information 1
Trustees' annual report 2 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the accounts 11 - 14

Bloc Projects Ltd

Legal and administrative information For the 12 month period ended 31 March 2025

Directors

Zillah Rose Butler Matthew Cheesman Adrian Friedli Interim Co-Chair - from November 2024 Jeanine Griffin Interim Co-Chair - from November 2024 Ashley Holmes Frank Lamb Maud Haya-Baviera Appointed 25 November 2024 Angela Chan Appointed 25 November 2024; resigned 5 Nov 2025 Annalisa Toccara Resigned 1 August 2024

Key management

Sunshine Wong Co-Director (Programme) - until 31 Oct 2024 Director - from 5 Apr 2025 Zoë Sawyer Co-Director (Organisational) - until 31 Oct 2024

Registered office

4 Sylvester Street Sheffield S1 4RN

Company Number 06322896

Charity number

1188511

Accountants

Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

1

Bloc Projects Ltd

Trustees’ annual report - continued for the 12 month period ended 31 March 2025

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the 12 month period ended 31 March 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements therefore comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the charities Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102) issued in October 2019.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 24 July 2007 and registered as a charity on 12 March 2020. The company was established under a Memorandum of Association (as amended in March 2020) which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

Adrian Friedli and Jeanine Griffin continue to be Interim Co-Chairs. We appointed Maud Haya-Baviera and Angela YT Chan as new trustees in Nov 2024. Angela YT Chan resigned from the board on 5 Nov 2025.

Day to day project activity is managed by a freelance team of 1x Director Sunshine Wong and 1x Gallery & Communities Manager Thomas Griffiths who report to the trustees through bimonthly Board Meetings.

Between Apr 2024 - Oct 2024 Co-Director (Organisational) Zoë Sawyer worked alongside Co-Director (Programme) Sunshine Wong. Zoë Sawyer left on maternity leave on 1 Nov 2024. With the new ACE PG offer and organisational restructuring in Apr 2025, Sunshine Wong became sole Director in Apr 2025.

Charitable Objective and Aims

The object of the Charity is to advance education in the field of contemporary visual art by the establishment and maintenance of a gallery providing exhibitions of art, talks, workshops and events for the benefit of the public.

Bloc Projects presents a critically acclaimed exhibitions and events programme that focuses on supporting emerging artists at key stages in their careers, along with offering the public opportunities for participatory learning and meaningful arts engagement.

Whilst planning their activities the trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Activities and achievements

Between Jan 2024 - March 2025, we presented 20+ public-facing exhibitions, workshops, talks and events on socially relevant issues and themes. Our online events transitioned into facilitated workshops and gatherings, accompanied by BSL interpretation. While our programme was on hold, we held a series of fundraising events between Dec 2024 - Feb 2025 as we rewrote and resubmitted grant applications. We tackled this roughest period with resilience, continually reforecasting our finances. Having persisted, we got our ACE PG offer in early Apr 2025.

2

Bloc Projects Ltd

Trustees’ annual report - continued for the 12 month period ended 31 March 2025

Our fundraising efforts faced a number of challenges. We received a number of Arts Council England project grant funding (ACE PG) rejections. A critical rejection came in Nov 2024, at the same time as Co-Director (Organisational) Zoë Sawyer started her maternity leave. Compounding this situation was the loss of our main meanwhile space, for which we were served our eviction notice on 6 Jan 2025. This resulted in a significant drop of our monthly earned income, which led to our programme hiatus between Dec 2024 - Mar 2025 and a prioritisation on organisational survival. We persisted with our ACE PG grant, resubmitting in early Jan 2025; we successfully crowdfunded between Dec 2024 - Jan 2025; we received a significant donor contribution in Feb 2025; and Bloc Projects supporters initiated fundraising events, keeping the organisation running until we received news of our ACE PG offer in Apr 2025. We have since put in place a financial policy and steadied our financial situation by bringing in extra earned income through gallery and meanwhile space hires.

Even without ACE PG, we were able to continue offering an ambitious programme from Apr - Nov 2024 via other successful grant applications, both internal and from partners. This meant we were engaging our publics on topics as vast as: bereavement ( Grief must be Love with Nowhere to Go ), disability experiences ( Public S/Pacing ), Casteism in the South Asian diaspora ( Touching on Caste ) and migration ( Harcourt Road ). We also received a competitive grant from the Sheffield City Council’s Cultural Pipeline scheme for operational support between Aug 2024 - Mar 2025.

Bloc Projects remained determined to keep our organisation and gallery space going, delivering an inclusive and relevant artistic programme for our publics to access for free, both ‘in person’ and online. We are keenly responding to the 2024-2025 financial year’s learning and have since put in place a new financial policy as well as made the most out of our resources for earned income.

Specific achievements of activity included:

Artistic Programme:

Between Apr - Nov 2024, we continued to present exhibitions and events that were realised through their own grants.

● Co-Produced Projects

● Off-site Project

3

Bloc Projects Ltd

Trustees’ annual report - continued

for the 12 month period ended 31 March 2025

anniversary, the project was an opportunity to both reclaim what happened then while researching more deeply the heritage of Harcourt Road in Sheffield, also with its own community and migration histories. The expansive project included creative workshops, an e- bike mobile museum, collecting of oral and material histories and ultimately a celebratory exhibition from Sep - Nov 2024.

We delivered 2x Harsh Light webinars in Feb 2024: with Char Heather & Jennifer Brough (8 and 15 Feb 2024). They reflect a new shift from online talks to online facilitated gatherings, particularly for the continued development of art workers.

Partnerships:

We regularly welcomed student visits from the Fine Art department, students and alumni. Since Apr 2025, we have developed a programme strand that offers a pipeline to a selection of graduates for further professional development.

We continued our partnership with Migration Matters, including our programmes Touching on Caste as well as a screening / talk with artist Clare Chun-yu Liu and researcher Emily Beswick in the festival’s 2024 edition in June.

● University of Sheffield, School of East Asian Studies (SEAS)

Gallery Hires:

As part of our income generation activity we hosted two hire exhibitions ( A Bell is a Cup group show, Feb 2025; Mystery Language by Norman Anderson, Mar - Apr 2025); one fundraiser group show where artists pay a small fee to show and sell their works (Feb 2025); and a two-day private documentation of work hire (12-13 Apr 2025).

4

Bloc Projects Ltd

Trustees’ annual report - continued for the 12 month period ended 31 March 2025

Meanwhile Spaces:

Bloc Projects stewarded two meanwhile premises at 2-4 and 16 Matilda Street, the latter of which we vacated in Feb 2025. Together, they provided studios, pop-up gallery and event spaces and developmental infrastructure to a core of 20+ artists and creative business studio holders, 150+ creatives in Bloc’s membership scheme as well as creative partners. Until Feb 2025, the 2nd floor of our 2-4 Matilda Street space was Studios of Sanctuary, providing space for refugee and asylum-seeking artists to work in.

Our lease at 16 Matilda Street was terminated in Feb 2025, when the premises were sold to new owners. We have since been working to transition our smaller premises on 2-4 Matilda St entirely into paid studios, giving our Studios of Sanctuary artists a hire fee adjustment period to decide whether they would stay or leave by the end of the 2025.

We continually request for updates from our brokerage Hammond to secure a new meanwhile space. While conversations with Sheffield City Council’s culture and business arms were helpful, they have yet to lead us to more feasible spaces for more meanwhile and studio use.

Membership Scheme:

Alongside the annual Members Show and Members Billboard, both of which attract new members and generate income, our Meanwhile & Membership Facilitator has been helping to oversee and maintain these income-generating aspects of our work. In 2024 we enriched our Membership offer by joining the national Kaleidoscope Network, a collaboration between Eastside Projects (Birmingham), Primary (Nottingham), Spike Island (Bristol), The NewBridge Project (Newcastle) and Bloc Projects (Sheffield). We offer monthly 1-2-1’s with Bloc’s team; share an online directory of members on Bloc’s website; and co-produce a regular series of online and in-person events that support artist development. In line with this expanded offer, we increased our Membership fee to £30 per year (in June 2024).

Organisational Training:

Sheffield City Council’s Cultural Pipeline Fund enabled the Co-Directors to travel to and experience art projects in different contexts between Sep - Nov 2024 – Middlesborough (Middlesborough Art Week), London (frieze), Prescot (Heart of Glass) – as well as receive mentorship with art organisation directors and cultural leaders. Zoë Sawyer took part in the Purposeful Leadership online course led by Achates, while Sunshine Wong enrolled in a Clore coaching course, and was selected to be part of the Extend Leadership 2024 cohort of art and education leaders. The funding also brought in support to reframe our bidwriting approach, giving us insight on how to better meet the expectations of funders.

Accessibility and Inclusion:

Since the launch of our Harsh Light online webinars in 2020, they have been accompanied by live BSL interpretation. Our billboard commissions are deliberately audio-visual, so that they can also be experienced sonically to support visually-impaired visitors. Our partner Compassionate Sheffield’s focus on normalising and supporting death brought our Grief must be Love with Nowhere to Go project to a much wider audience, increasing public awareness on bereavement. Finally, our Harcourt Road project took our work beyond the confines of our gallery and meanwhile spaces into migrant communities and local neighbourhoods, facilitating creativity at the doorstep of those who are not typically art gallery goers.

5

Bloc Projects Ltd

Trustees’ annual report - continued for the 12 month period ended 31 March 2025

Funding:

Bloc Projects received funding from Sheffield City Council’s Cultural Pipeline Fund and Heritage Fund which supported our Harcourt Road off-site project. During our programme dormancy, we proactively fundraised in the following ways: set up an online fundraising page that hit our £5,000 target; our peers donated artwork and time to set up events; a trustee brought in a significant private donation. We are prioritising ways to maximise our earned income through gallery hires, our Membership Scheme fees and meanwhile spaces.

Reserves policy

The Trustees have set a minimum reserves level of £6,000, in accordance with our new financial policy. The charity’s free reserves (unrestricted funds) as of 31 March 2025 were £10,136.

Future plans and Going concern

The long-term goal for Bloc Projects is to maintain a public facing contemporary arts programme that offers educational and developmental opportunities for the public.

In Apr 2025, we received news that we were given an ACE PG offer to continue our work as Bloc Projects, making it possible for us to deliver a programme. Crucially, it allowed us to make plans beyond Mar 2026, building partnerships and carefully strategising. We have now streamlined our coproduction model into an annual programme of: 3x Key Strands ( Sustainable Living Series on reconnecting with environment, people and place; ESEA Futures centring E and SE Asian art and diaspora experiences; Pathways artist professional development); and 1x annual Members Show to showcase the talent within our Members Scheme.

Beyond ACE PG, we regularly apply to trusts and foundations while supporting artists and partners with funding applications with mixed degrees of success. In the wake of our fundraising challenges, we have been strategically monetising our resources and have confirmed a number of hires and coproduced projects to take place 2026 - 2027, including 2x AHRC-funded projects with 2x different departments within the University of Sheffield. This means secured match funding, which will better our chances for coming grant applications.

We have received fundraising and business consultation via the Cultural Pipeline Fund and further support from other freelance fundraisers in the form of grant writing and business oversight. At the time of writing, we are awaiting the outcome of an ACE PG application (expected March 2026). We have scenario planned a number of options that will keep operations going, each with their own monthly budget. Unfortunately, due to the timing of the ACE grant decision, the trustees cannot determine which scenario will be the model for the future. However, the trustees consider that the charity can continue to operate for at least 12 months from signing these accounts, and is therefore a going concern.

Having put in place a new financial policy, reduced our operations from 3 to 2 freelancers in May 2025, streamlined our projects and dedicated time to systematising our work, we are paving the way for stronger financial foundations both in terms of earned and contributed income. These ensure that we can continue operating at scale, strengthen our artistic ambitions and public roles, and build a correlating financial model that properly adapts to the needs of Bloc Projects.

6

Bloc Projects Ltd

Trustees’ annual report - continued for the 12 month period ended 31 March 2025

Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

The directors have approved the directors' annual report above on

29 Jan 2026

Signed on behalf of the directors by:

Jeanine Griffin Trustee and Co-chair

7

Independent examiner’s report to the directors of Bloc Projects Ltd (‘the Company’)

I report to the directors on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the directors of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement – matter of concern

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

29 Jan 2026

Sarah Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

8

Bloc Projects Ltd

Statement of Financial Activities (incorporating the income and expenditure account) For the year ended 31 March 2025

Unrestricted
funds
Notes
£
Income from:
Donations and grants
2
12,502
Charitable activities
3
39,016
Total income
51,518
Expenditure on:
Charitable Activities
4
72,984
Total expenditure
72,984
Net income/(expenditure)
(21,466)
Transfer between funds
9
186
Net movement in funds
11
(21,280)
Total funds brought forward
31,416
Total funds carried forward
10,136		 12 months
Restricted
Total
funds
2025
£
£
16,030
28,532
38,344
77,360
54,374
105,892
45,901
118,885
45,901
118,885
8,473
(12,993)
(186)
-
8,287
(12,993)
73
31,489
8,360
18,496		 Unrestricted
funds
£
1,288
61,705
62,993
42,500
42,500
20,493
(20,836)
(343)
31,759
31,416		 Restricted
funds
£
76,206
6,000
82,206
102,969
102,969
(20,763)
20,836
73
-
73		 15 months
Total
2024
£
77,494
67,705
145,199
145,469
145,469
(270)
-
(270)
31,759
31,489

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

9

Bloc Projects Ltd

Balance Sheet As at 31 March 2025

Notes
Current assets
Debtors
7
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one year
8
Net current assets
Creditors: amounts falling due after more than one year
Total net assets
Funds of the Charity
General funds
Restricted funds
9
Total funds
10		 At
31/03/2025
£
7,908
15,651
23,559
(5,063)
18,496
-
18,496
10,136
8,360
18,496		 At
31/03/2024
£
10,226
33,844
44,070
(12,581)
31,489
-
31,489
31,416
73
31,489

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime.

Approved by the Board on

29 Jan 2026

Signed on behalf of the board by:

Jeanine Griffin Trustee and Co-chair

10

Bloc Projects Ltd

Notes to the Accounts For the year ended 31 March 2025

1 Accounting Policies

(a) General

Bloc Projects Ltd is a charitable company in the United Kingdom limited by guarantee. In the event that the charity is wound up the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the company information on page 1 of these financial statements.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. The financial statements have taken advantage of the exemption to prepare a Statement of Cash Flows.

The charity meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to the accounts. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.

(b) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Contract income is included in the year in which the service took place.

(c) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

(d) Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.

(e) Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

(f) Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

11

Bloc Projects Ltd

Notes to the Accounts (continued) For the year ended 31 March 2025

1 Accounting Policies (continued)

(g) Fund accounting

Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.

Restricted funds are to be used for specific purposes as laid down by the donor.

(h) Defined contribution pension scheme

The charity contributes to a defined contribution pension scheme for the benefit of the employees. The pension costs charged against net incoming resources are the contributions payable to the scheme in respect of the accounting period in accordance with FRS102.

(i) Operating lease rentals

Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

(j) Corporation taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

(k) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements, bearing in mind the uncertainty of the ACE grant application, as detailed in the trustee report.

2 Income from donations and grants

2 Income from donations and grants
Arts Council England
Sheffield City Council
Donations
3 Income from charitable activities
Gallery Hire
Earned income
Project income
Meanwhile space rent donations
Grants for specific projects:
The National Lottery Heritage Fund
Other income
Henry Moore Foundation
JG Graves Charitable Trust
Unlimited		 Unrestricted
fund
£
-
-
12,502
12,502
Unrestricted
fund
£
3,026
5,139
-
29,851
-
1,000
-
-
-
39,016		 Restricted
funds
£
-
10,900
5,130
16,030
Restricted
funds
£
-
-
-
-
38,344
-
-
-
-
38,344		 12 months
Total
2025
£
-
10,900
17,632
28,532
12 months
Total
2025
£
3,026
5,139
-
29,851
38,344
1,000
-
-
-
77,360		 Unrestricted
fund
£
-
-
1,288
1,288
Unrestricted
fund
£
8,241
4,477
5,735
43,252
-
-
-
-
-
61,705		 Restricted
funds
£
75,206
1,000
-
76,206
Restricted
funds
£
-
-
-
-
-
-
3,000
1,000
2,000
6,000		 15 months
Total
2024
£
75,206
1,000
1,288
77,494
15 months
Total
2024
£
8,241
4,477
5,735
43,252
-
-
3,000
1,000
2,000
67,705

12

Bloc Projects Ltd

Notes to the Accounts (continued) For the year ended 31 March 2025

Expenditure on charitable activities
Note
Artistic Programme Fees and Production
Freelance fees
Training
Meanwhile costs
Rent
Repairs and maintenance
Insurance
Software subscriptions and stationery
Sundry expenses
Travel and subsistence
Advertising
Professional fees
Independent examiner's fee
5
Bank charges and processing fees
Repayment of grant
Note		 Unrestricted
fund
£
1,065
36,970
-
7,745
16,471
616
728
1,048
483
-
468
-
741
478
6,171
72,984		 Restricted
funds
£
27,005
13,416
2,750
-
1,566
-
-
-
-
-
593
-
-
571
-
45,901		 12 months
Total
2025
£
28,070
50,386
2,750
7,745
18,037
616
728
1,048
483
-
1,061
-
741
1,049
6,171
118,885		 Unrestricted
fund
£
6,738
12,744
-
14,461
5,200
-
252
214
200
-
2,481
-
-
210
-
42,500		 Restricted
funds
£
37,524
41,878
-
-
14,875
-
611
634
1,322
-
4,169
1,014
870
72
-
102,969		 15 months
Total
2024
£
44,262
54,622
-
14,461
20,075
-
863
848
1,522
-
6,650
1,014
870
282
-
145,469

4 Expenditure on charitable activities

The 23/24 accounts included a provision for the expected receipt of the Arts council England grant - the provision has now been reduced to reflect the final receipt, received after the year end.

5 Independent examiner's fees

Independent examiner's fee
Other fees paid to independent examiner's organisation:
Grant audit
Other services		 2025
£
741
-
-
-		 2024
£
870
870
144
1,014

6 Trustees and key management remuneration, benefits and expenses

The charity trustees were not paid or received any other benefits from employment with the Charity in the year (2024: £nil). neither were they reimbursed expenses during the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

The key management personnel of the charity comprise the trustees, the Operations Director and the Public Programme Coordinator. Remuneration of key management personel for the year was £38,785 (2024: 15 months £36,130).

7 Debtors

Trade debtors - earned income and grants
Prepayments		 2025
£
5,726
2,182
7,908		 2024
£
10,226
-
10,226

13

Bloc Projects Ltd

Notes to the Accounts (continued) For the year ended 31 March 2025

8 Creditors: amounts falling due within one year

Trade creditors
Accruals
Income received in advance		 2025
£
3,324
1,611
128
5,063		 2024
£
10,841
1,740
-
12,581

9 Restricted funds

JG Graves Charitable Trust
Sheffield City Council
Cultural Pipeline Fund
The National Lottery Heritage Fund
Harcourt Road
Crowdfunder		 Brought
forward
£
73
-
-
-
73		 Income
£
-
10,900
38,344
5,130
54,374		 Expenditure
£
-
(10,900)
(29,984)
(5,017)
(45,901)		 Transfers
£
(73)
-
-
(113)
(186)		 Carried
forward
£
-
-
8,360
-
8,360

Sheffield City Council Cultural Pipeline Fund

A grant for the Co-Directors to do research and undergo training to improve the operations within Bloc Projects.

The National Lottery Heritage Fund Harcourt Road

Received a grant to realise the Harcourt Road project. We requested and were offered an extension to complete the project by 31 July 2025.

Crowdfunder

A crowdfunder took place on space hive to continue operating - the target was exceeded and the excess was reinvested into our programme offer.

Prior year comparison
Arts Council England
Henry Moore Foundation
JG Graves
Unlimited		 Brought
forward
£
-
-
-
-
-		 Income
£
76,206
3,000
1,000
2,000
82,206		 Expenditure
£
(98,112)
(3,000)
(927)
(930)
(102,969)		 Transfers
£
21,906
-
-
(1,070)
20,836		 Carried
forward
£
-
-
73
-
73

10 Analysis of net assets by fund

Current assets
Current liabilities		 Unrestricted
Funds
£
15,199
(5,063)
10,136		 Restricted
Funds
£
8,360
-
8,360		 2025
Total
£
23,559
(5,063)
18,496		 Unrestricted
Funds
£
43,997
(12,581)
31,416		 Restricted
Funds
£
73
-
73		 2024
Total
£
44,070
(12,581)
31,489

11 Related party transactions

There were no related party transactions during the year, other than those in note 6.

14