Charlty reglstratlon number 1190216 Company reglstrntlon number 12121475 (England and Walesl UNDEREXPOSED ARTS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 UNDEREXPOSED ARTS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J E L Fraser Mr Franklyn Rodgers Mr Graharn Martin FCCA Dr Faisal Abdu'Allah Ms Gernma Diane Seltzer Secretary Mr J E L Fraser Charlty number 1190216 Company nurnber 12121475 Reglstergd offlce 27 Mortimer Street London W1T3BL Indep8ndgnt examlner stephen McAlpine BA (Econ} FCA SBM Associates Limited, trading as SBM & Co 24 Wandsworth Road London SW8 2JW UNDEREXPOSED ARTS CONTENTS Page Trustees, report Independent examineff s report ststement of financial activities Balance sheet Notes lo the financial statements 9-12 UNDEREXPOSED ARTS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2023 The trustees present Ihelr annual report and financl81 ststements for the year ended 30 June 2023. The fin8neial slalemenls have been prepared in aecordance wrf(h the accounting policies sel out in note 1 to the finaneial statements and comply with the charity's memorandum and articles, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Ststemenl of Recommended Practice applicable lo charrties preparing their accounts in accordance wth the Financial Reporting Standard applbcable In the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. ObJectlv8s and adlvltle$ Pollcles and objecttves UNDEREXPOSED ARTS is a dynamic and vital black-led arts and cultural charity, dedicated lo promoting positive represenlalion. Our mission ievolves around celebrating diverso lalonl and ¢ollaboraling with arb'sls lo create exhibitions, films, talks, education programmes, and workshops that inspire imagination. creativity, and critical thinking. We fimily believe that positive representation is integral to identity developrnenl, self-esteem, courage, and aspirab'on. We actively engage with our target audience, primarily children and young people from global majority and lower- socio economic backgrounds. Through high-quality visual arts imagery and Ihem&based activities, we create and deliver impactful creative engagement initiatives. Central lo our work is the creation of stylised still photographic images and portraits that challenge existing represenlalions. We aim to uncover and encourage the telling of UNDEREXPOSED stories, using moving imagery and storytelling techniques lo interrogate perceptlons, notions, histories, and beliefs that both unite and divide us. Our work takes place in various settings, including schools, community spaces. and the public realm, allowing us lo connect with parkn'ap8nls and audiences across multiple platfomis. The poliaes and objectives are dosely tied wfth the aim of the charity described above. In setting objectives and planning for activities. the fO￿nderS and Iruslees have given due consideration lo general guidance published by the Charity Commiswon Telating to public benefit and there has been no change in these during the year. Actlvltles for achlevlng objectives The charity's activities towards achiewng its objectives are. To deliver high impact and cultural artistic interventlDns. To build platfomis for collaborations that facilitate posrtive representation and create inclusive opportunity. To Inspire young people through creative intervention5, learning resources and the sharing of wisdom through the GEMS OF KNOWLEDGE hub. To facilitate a￿e$S to cU￿ural and creative activities for young people who do not typically engage in the arts. To develop and enable distinct strategy beyond our educational projects., specifically. the extgnl to ￿1¢h our projects develop opportunities for careers in the cultural sector or creative industries. To deliver activity, where participants have the opportunty lo explore the world of storytelling and visual arts, discovering the power of their own creativity. Gaining a deeper understanding of the art of portraiture and how it can be used to convey important messages and narratives. UNDEREXPOSED ARTS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 UNDEREXPOSED ARTS, key strategic oty-ectives this year wer8.. Completing the 'The Next Gen, series of stylised still photographic images and portraits. The series aims to explore representation and identity through the creation of 20 portraits and short films of each portrait sitter, providing a nuanced and in-deplh insight into personal nairalNes. This strategy aligns with the fundamental objective of representing diverse voices and perspective5 In the art world, giving visibility lo individuals whose stories have been historically overltsoked. Ugng moving imagery and storytelling lo interrogate per￿ptiOnS. beliefs. and histories. By engaging with multimedia fomiats, we aim to challenge traditional notions of art and expand the boundaries of representation. Facililaling a deeper understanding of the complexities that both bind and separ8le us, promoting empathy and understanding through artistic expression. Developing and delivering an education programme to empower young people. Our activities aim to equip the next generation with the skills and confidence to pursue their aspirations 2nd contribute to society. By nurturing creab'vity and entrapreneurial mindset, we aim lo Inspire the next generation of leaders to expre5S their ideas and advocate for social change through the arts. In addition to this. we also plan lo implement mindfulness practises in our arts-based adivilies, providing valuable tools for emotional regulation and cultural connection Creating edu¢ational resources 8nd empowering teachers and students. By centreing C￿atIve approaches lo art education, we aim lo emphasise the importance of self-expression and cultural exploration. Cullivaling a supportive and inclusive environment where children and young individuals are encouragEd lo explore their creative polenlial. Strengthening organis8tion81 resilience. To ensure sustainabilty and growth UA will place a strong focus on growing in resilience as an organi88tion by securing funding from a diverse range of sources. including corporate and charitable ftjnding. Expanding and building on our network of supporters. partners, and collaborators will also aid in the facilitation of ftjture exhibitions and projects. Enhancing our online presen￿. Vve plan lo focus on updating UA'S online presence. This includes developing the website and updating content with new assets and images. as well as implementing a social media strategy to increase our online reach. Establishing and developing innovative ways lo engage with communities and accurately measure our impact. Focusing on several parameters including participation rates. engagement, skill developmenl and imp8¢1. Combining these tools, we will create benchmarks from ¥thi¢h we can traek the extent of our projects achievements and whether we're meeting our specific objeclives and tsrgets. This stiategic approach aims lo make a difference in the UNDEREXPOSED ARTS community, helping to elevate diverse voices and perspectives and empower the next generation of artists and leaders. The trusteés have pald dué regard to guidance issued by the Charity Commission in daciding what activities the charity should undertake. Achievements and perfomiance During 2022123, UNDEREXPOSED ARTS successfvjlly met ils objectives in the following ways.. Created and produced 20 portraits and 20 Interviews, for our latest collection tilled The Nexi Gen" Working with individuals from marginalised and diverse backgrounds, allowing them to build on their existing knowledge and gain more experience in their chosen creative career path. This included posicions such as Hair and Make Up artists, Behind the Scenes videographers, Editors, 1st and 2nd Assislanls, and runners. Launched a selection ol our Next Gen Portraits with Clear Channel during their Arts & Culture ShoKase, which ran from July to August 22,. Our portr811s were displayed on their Premium Storm Sites across London, Liverpool and Glasgow. In addition. they were displayed on their Adshel Live sites in shopping centre5 & high streets across the UK reaching an audien￿ of over 1 million. UNDEREXPOSED ARTS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Built by Standard8 and ftjnded by Prime Video tech. we designed and cre*ed 6, four-si(Jed 2.1 mx1 m steel framed back-151 indoor and outdoor structures featuring our Next Gen portraits. for tours and exhibitions. During B12ck History Month, we launched the full collection wth a nationwide campaign with Clear Channel on their premium digital and Adshel displays. Installed a selection of the Next Gen portrait collection al Mountview Academy of Theatre Arts. where the portraits were printed on Conlravision and installed on the 7 external windows of the building. During Black History Month. we launched The Next Gen collection of portraits with an exhibits'on event at Amazon's head Offi￿ at Principal Place in Shoredilch. Pearl & Dean Ginema Campaign for Black Panther Wakanda Forever. Wth the support of UA creative team, ngvertand creative agency, Nineteen Twenty Produdions. Factory and some of our Next Gen participants we created and produced a 30 second trailer. The pr&film and posl-credit produth.on ran in over 700 screens acTOSS the UK for 3 weeks during November 2022 Distributed a selection of 70x40cm. high quality and sustsinable Perspex prints from The Next Gen Collection. lo 5 schools across London boroughs including Southwark. Lambeth and Merton. In addition lo this we conducted engagement sessions to over 600 young people. providing exposure lo diverse role models in portraiture that can have a positive impact on career aspirations ol the young people we engage th Continued lo develop OUT partnership with A.l.R.E who are based in the NE of England, in particular Newcastle with a focus on Gateshead which has high levels of child poverty. We have grown our organisation and continuod lo embgd arts and culture into the lives of the Communities we serve. Through successful funding we were able lo initiate the implementation and delwery of visual arts and acting workshops. The workshops were designed lo provide young people wlh a plafform.to explore their creats.ve talents and develop a range of skills. Through aciing and portraiture, participants were e>posed lo techniques that enhance their seK-expre5sion, communication, collaboration and confidence. We will deliver this activity to 7 schools, induding some of our partnered schools and new schools. Eath school re￿iVeS a selection of high-quality prints from our next gen collection and 6 sessions lo young people aged 11-16. A presentation event showcasing Ihgir work will ¢on¢lude the activity. Collaborative relationships with the teachers and schools were esiablished to develop diverse ambitious approaches to arts education and to explo￿ the value that arts and culture can bring lo their students. Recruited an experienced and professional cohort of faalitators lo support and enable the delivery of our school-based activities. The faalitators were experienced teachers. professional artists, writers, actors. and directors. many of whom have attended and graduated from Some of the UK'S most prestigious schools, such as The Royal Academy of Dramatic Art IRADAI. Enabling our workshops to offer a wealth of subject kno￿edge and expertlse. Our facilrtators, lives and backgrounds mirror those of the participants in our sessions, a deliberate approach lo ensure an understanding of the unique challenges fa￿d by our participants bul also help foster a sense of trust and relalabilily in our workshops. We have established effe¢live partnerships, including Ath"ve Communities Network IACNI, which supports our involvèment with Gommunity setting5 and funded a pilot school workshop focusing on screen acting. ACN has provided us with guidance, knowledge. and support to effectively transfef our work from schcol settings to community youth settings. We have developed and built on our relationships with corporate organisalions such as Amazons, Bl8ck Employee Network IBENI, Prime Video Tech, creative design agencies and production companies Ineverland. Nineteentwenty, F8cloryl outdoor digital media oullels (Clear Channel, Wavemakerl, Shakespeare Globe and new schcM)Is. These partnerships will allow us lo re8ch our largel audience and further our mission. We continued working closely with a fundraising specialist at Almond Tree Consulting and developing a fijndraising strategy for project and core funding. We were able lo conb'nue Claudine Adams, role as operation manager due to spon50fshipldonalions which has enabled UA lo continue lulfilling its objectives and vision. In terms of our fundraising achievements, we were successful with our application with Garfield Weston Foundation and received £20,000, Arts Council England of £30.000 and ArtFund of £34.651. In addition lo this, we were able to secure support in kind which has supwrted our project activity and artistic interventions from Clear Channel Outdoor Media, Pearf & Dean, Factory, Nineteentsventy, neverfand. CONTRAVISION, Amazon. Prime Video Tech arKI Amazon's BEN UK We maintain a risk register, reviewed each quarter, to assist us in identifying, assessing and recording the risks that the charity faces. We are aware of our key risks, including loss of staff and not meeting our fundrasing targets, and are working towards miligaling these. UNDEREXPOSED ARTS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Golng Forward We are confi'dent that we'll continue to grow and Llevelop our projects in 2023124, despite the uncertainty of funding and other associated challenges. Through our new partnerships and supporters, we are now supported by a cohort of professional creatives we can rely on to fill any unexpected need or creative gaps. Our planning prO￿5S involves regular update meetings with the Core dolivery team and pre-sel progress meetings with our partners and collaborators. Relationship building is feature of our future projects and our organisalional ethos that underpin and deliver our core objectives. Our key plans for the next 1-2 years Include: Continue Developing and expanding on relationships with organisations whose core values align with ours. In particular a focus on collaborating with organisalions that are community focused and have experience and knowledge wth working in Community settings. This wll aid us in effectThiely transferring our Mork and activity from school settings into the community and youth settings. Continuation of our school's and communities programme.. Our engagement sessions and workshop5 play a crucial role in helping young people reach their polenlial. Providing a plafform for self-expression, these workshops empower young individuals to explore their talents and develop skills. Our workshops serve as a catslyst for connection, loslering Indusivity and unity across diverse backgrounds and communitie5. Onboarding further schools wlh a focus of expanding our reach outside of Londoll, where we will exhibit our portraft collections and delivery project activity. We will work wth our cohort of fa¢ilitslots, artists and creative practitsoners lo develop and expand the culttjral and creative industries subjects to offer a broad range of cultural and ¢￿alIve based activities which will expose the young people we work with to a range of skills. opportunities and potential future careers. In addition tD this, we will increase our team of facilitators lo enable the expansion of our activity sessions. A National Tour and permanent art installation, which se&ks to Celebfate and promote the global ma1￿71Y diaspora of the United Kingdom. With a focus on six selected cities ￿nOwned for their cultural heritage and demographic, our touring exhibition aims to engage diverse communrties and showcase the talents ol established and emerging artists. The tour will feature a series of freestanding, illuminated outdoor pods, strat￿l¢allY placed in each city for a fixed period of time. This innovative and highly stylEed visu21 arts exhibition wll invrte viewers to immerse themselves in the rich and vibrant tapestry of global majority artistic expression. Our Melanina projeet is an endeavour aimed at creating a permanent, innovative digital structure and curated space. This puipose-designed structure will serve as a home for our past and future collections. The structure will also serye as a plafform for invited artists from global majority backgrounds. This project will provide a much-needed public realm space, serving as a sanctuary for voices and narrab'ves that have historically been overfooked By embracing technology, we can reach a wider audien￿ and break down the physical barriers that often limit aC￿sS to art. Hefilage Project- using the iconic 30 Peckham Portraits of Black British actors created in 2008 by LINDEREXPOSED ARTS and award-winning visual artist Franklyn Rodgers. this heritage project will explore the historical Significan￿ of careers and professional trajectory of a generation of Black British actors. The project will investigate the legacy, Significan￿ and impact of the Peckham Portraits (now one of London's longest running site specific photographic instaSlationsl and the contribution that our pionaèring second-generation Black British actors have had on the British theatre. Film and TV industries. Reviewing and enhancing our fundraising strategy, with a speaffic focus on building our corporate partnerships and education links. We will continue our aim to make the role of Operations Manager pemianent. We will work closely wth our team of exceptional freelan¢ers, as well as our Board of Trustees to deliver our aims for 2023124 to the highest standard. Flnanclal revlew It is the policy of the charity that unrestricted funds which have not been designated for a spèafic use should be maintsined at a level equivalent to befv4een three and slx month's expenditure. The trustees consider that reserves al this level wll ensure that. in the event of a significant drop in fvnding, they wll be able lo continue the charity's current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintsined throughout the yeaT. UNDEREXPOSED ARTS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 The trustees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place lo mitigate exposure lo the major risks. Structure* governance and management The charity is a company limited by guarantee and was sel up by a Memorandum of association on 2 July 2022. The trustees, who are 81s0 the directors for the purpose of company law, and who served during the year and up to the date of signature of the financbal slalemenls were.. Mr J E L Fraser Mr Franklyn Rodgers Mr Graham Martin FCCA Dr Faisal Abdu'Alah Ms Gemma Diane Seltzor The tru ees, report was approved by the Board of Trustees. Mr Graham Martin FCCA . Trustee Date.. ,s/8/ UNDEREXPOSED ARTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNDEREXPOSED ARTS I report to the trusleos on my examination of the financial statements of Underexposed Arts (the charity) for the year ended 30 June 2023. Responslbllltlgs and basls of report As the Iruslees of the charity land also its directors for the purposes of Company lawl you are responsible for the preparation of the financial slalemenls in accofdance wlh the requirements of the Companies Act 20C6 {the 2006 Acll. Having satisfied myself that the financial slalemenls of the charity are not required lo be audtsl under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial slalemenls carried out under section 145 of the Charith'es Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions glven by the Charity Commission under section 14515llb} of the 2011 Act. Independent examinerfs ststement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the chanty as required by section 386 of the 2006 Act., or the financial stslements do not accord with those records., or the financial stslements 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 the financial slalement5 have not been prepared in accordance with the methods and principles of the Statement of Re¢ommende£l Pracbce for accounting and reporting by charities applicable to charities preparing their accounts in accordance wf(h the Financial Reporting Standard applicable in the UK aryl Republic of Ireland IFRS 1021. 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 lo enable a proper understanding of the financial stslements lo be reachecl. Stephen B McAlplne BAIEconl FCA SBM Associates Limited, trading as SBM & Co 24 Wandsworth Road London SW8 2JW Dated.. 24 May 2024 UNDEREXPOSED ARTS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 30 JUNE 2023 Unrestrlcted funds 2023 Unrestrlcted funds 2022 Notes Income from: Donations and legacies Charitable activities 87,586 112 176,300 Total Income 87,698 176,305 Charitsble activities 86.529 179,302 Net incomellexpenditurel and movgmgnt In fvnd$ 1,169 12,997} Reconclllatlon of funds: Fund balances at 1 July 2022 10,010 13.007 Fund balances at 30 June 2023 11,179 10,010 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from Gontsnuing activities. UNDEREXPOSED ARTS BALANCE SHEET ASAT30 JUNE 2023 2023 2022 Notes CurTent assets Cash at bank and in hand 11,179 16,011 Crodltor3: amounts falling due withln one year 16.001} Nel current assets 11,179 10.010 The funds of the charlly Unrestricted funds 11,179 10,010 11.179 10,010 The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act. 2006, for the year ended 30 June 2023. The directors acknowledge their responsibilities for complying with the requirements of the CompaThes Act 2006 with respect lo accounting records and the preparation of financial statements. The members have not required the company lo obtain an audit of ils financial s18tements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The financial ststements were approved by the truslees on 15 May 2024 Mr Graham Martin FCCA Trust0• Comparby registration nL¢mber 12121475 (England and Wdles} UNDEREXPOSED ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accountlng pollcles Char5ty infomiation Underexposed Arts is a private company limited by guarantee incoiporated in England and Wales. The registered office is 27 Mortimer Street, London, W1T 3BL. 1.1 AccounUng conventlon The financial slalemenls have been prepared in accordance with the charity's Igoverning documentl, the Companies Act 2006 and "Accounting and Reporting by Charities.. Ststement of Re¢ommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffedive 1 January 20191" The Charity is a Public Benefit Enlily as defined by FRS 102. The financial slalemenls are prepared in sterling. which 15 the functional currency of the charity. Monetary amounts in these financial slalements are rounded lo the nearest £. The accounts have been prepared under the historical cost convention. The accounts present a true and fair view and no Changes have been made to the principal accounting poliaes adopted below. 1.2 Golng concem At the lime of 8PPTowng the financial stalemenls, tha trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trnBlees continue to adopt the going con￿rn basis of ar￿unknng in preparing the financial statements. 1.3 Charltable funds Unrestricted fvnds are available for use at the dbscrelion of the trustees In furtherance of Ihelr charftsble objectives. 1.4 Income Income is recognised when the tharty is legally entitled to il after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income ￿11 be received. Ca?h donations are recognised on recelpt. other donatlons are recogni$e¢J on¢¢ th¢ ¢harity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donatsons received under Gift Aid or deeds of covenant is recognised al the time of the donation. The charity received money mainly through Arts Council grants durfng the year. Total of the grants received is shown in note 3 of the ac￿unts. 1.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classifie(I by aclivily. The costs of each activity are made up of the total of dIr￿t costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs which conlribijle lo more than one activity and support costs which are not attributable to a single activity are apportioned betsveen those activitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent. and depreciation charges are all¢xaled on the portion of the asset's use. Costs are accounted for when they are inujrred, wth irreeoverable VAT being charged as a cost aganst the relevant activty. Costs of charitable activities relate lo the fijrtherance of the charitable objectives UNDEREXPOSED ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Accountlng pollcles (Continued) Costs of raising funds relate lo events and other activities through which the companies raises ils profile 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposf(s held al call with banks, other short-lerm liquid investments wth original maturib'es of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Flnanclal Instruments Basic financial assets Basic finanryal assets. %thich indude debtors and cash and bank balan￿s, are initially measured at transaction price including transaction costs and are subsequently carried at amorbsed ￿St. Financial assets classified as receivable wthin one year are not amortised Basic financial liabiTlities Trade ereditors are obligations to pay for goods or services that have been acquired in the Ordin￿ course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due ￿￿thIn one year or less. Derecognition of financial Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are di￿harged or cancelled. Crftl¢al a¢countlng e$tlmates and judgernents In the application of the charity's accounting policies, the trustees are required to make judgements. estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are conSide￿d to be relevant. Actual resLtIts may differ from these estimates. The estimates and underfying 8ssumplions are reviewed on an ongoin9 basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects aily that period. or in the period of the revision and futuro periods where the revision affects both current and future periods. Donations and lega¢ios Unrestrlcted Unrestrfcted funds funds 2023 2022 Donations and gifts Grants re￿1vable 6.400 81.186 1,300 175,000 87.586 176,300 10- UNDEREXPOSED ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Income from charltable actlv5tles Unrgstrlctgd Unrestrlcted funds funds 2023 2022 Other income 112 Charitable actlvltlas 2023 2022 Exhibition expenses Computer running costs Travelling expenses Bank charges Insurance Prinb'ng and stationery Rent Sundry Subscriptions 72,483 5,732 2,097 70 852 1,043 1,373 2.546 333 168,473 5,248 1,560 66 169 963 743 1.665 415 86.529 179.302 86.529 179.302 Trustses None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity dufing the year. Employees The average monthly number of employees during the year was.. 2023 Number 2022 Number Truste8S There were no employees whose annual remungration was more than £60,000. 11 UNDEREXPOSED ARTS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2023 Creditors.. amounts falling due within one yoar 2023 2022 Trade creditor5 6.001 Related party trdnsactlons Transaction5 with related parties During the year the charity entered into the following transactions wlh related parties- Franklyn RodgeTS and James Fraser We￿ both paid fees of £8,150 (2022 £43,059) & £6.400 12022 £38,300> respectively for services provided for the charity. 12-