## **REGISTERED COMPANY NUMBER: CEO23880 (England and Wales) REGISTERED CHARITY NUMBER: 1192375** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **FOR** ## **ARTS FOR ALL** Raffingers LLP Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD **ARTS FOR ALL** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|6| |**Independent Examiner's Report**||7|| |**Statement of Financial Activities**||8|| |**Balance Sheet**|9|to|10| |**Notes to the Financial Statements**|11|to|16| ## **ARTS FOR ALL (REGISTERED NUMBER: CEO23880)** ## **REPORT OF THE TRUSTEES for the year ended 31 December 2023** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by 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) (effective 1 January 2019). Page 1 ## **ARTS FOR ALL (REGISTERED NUMBER: CEO23880)** ## **REPORT OF THE TRUSTEES** ## **for the year ended 31 December 2023** ## **OBJECTIVES AND ACTIVITIES** The objects of the charity as stated in the governing document are "To advance the education of the public in all aspects of art in particular, but not by way of limitation, by running workshops and clubs in the London Borough of Tower Hamlets and the surrounding area." We believe, at Arts For All that if you introduce an element of creativity into a person’s life, then it will positively affect every area of their life. In reference to "Every Child Matters," we are concerned with every aspect of the welfare of the people who attend Arts For All. Ideally, everyone should have an element of creativity in their lives and here we provide creatively based, good-quality projects for the community. Arts For All works with adults and children, many of whom face a disadvantage in varied ways. Long-term unemployment, local drug dealing, financial struggles, overcrowding, broken families, crime and many other reasons. We also work with adults and children with autism, learning disabilities and those who are highly vulnerable. Many of our attendees lack confidence, have low self-esteem, have low aspirations or are very vulnerable. Arts For All provides a safe, welcoming, exciting place where they can go, learn new skills, make friends and have fun. Through creative achievement, they grow in confidence and self-belief. Our aim is that, through support, encouragement and the gaining of new skills and experiences, we will see adults moving into volunteering opportunities and children and young people seeing a brighter future for themselves. ## **PUBLIC BENEFIT** In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission’s Public Benefit Guidance. ## **ACTIVITIES** In the period covered by the report we continued our work with adults with learning disabilities and other vulnerable adults and after school we ran exciting creative clubs for children aged 5-16 years old. ## **The Rainbow Club** We are continuing to run The Rainbow Club on Tuesdays and Wednesdays from 9.30am - 3.00pm. Once again this year has been extraordinary! We started off the year once again working with Will Redgrove - one of the finest street artists in London. This time he ran a vibrant, exciting workshop with the adults and then he created, on a massive wall in Bethnal Green, a mural of our whole group! This is very large and in a very central location and, as a result, our members have become local celebrities! In May we worked with Will again on a mural in Islington to celebrate the 2023 Special Olympics. Our adults with learning disabilities were involved in the painting and the whole thing was filmed by LadBible who then posted it Worldwide on their social media! As a result of this we have received more funding which has been very encouraging. We have done some wonderful trips in and out of London including The Tate Modern, The National Portrait Gallery, The David Hockney Exhibition and the BBC Earth Experience, Newmarket and A Christmas trip out to Oxfordshire. In April; at the request of the group; we ran a 1st aid course (very basic) and they all learned simple 1st aid. They really enjoyed it and to this day can remember what they learned. Our day to day sessions - the time we spend together here at Arts For All, painting , drawing, creating and just relaxing together is wonderful. Arts For All is like a family. In November we had an exhibition of incredible art work done by our adults and some of the children. This was held at British Land in the City and was a wonderful, buzzing, well attended exhibition where many of the works of art were sold. The exhibition stayed up for a week and was greatly admired by many people. This was followed by a 'pop-up' stall, again at British Land, selling crafts created here. We have developed a wonderful new partnership with Columbia Road Clay - a pottery round the corner from us. They generously welcome our adults into their studios to create pots and bowls etc. This is a great new activity for them to do and we are very grateful to Gabrielle and her team for always making us so welcome. In October we were delighted to be able to take the adults on their annual arts & crafts holiday to Dartmoor in Devon for a week. As always an incredibly special and creative time. Page 2 ## **ARTS FOR ALL (REGISTERED NUMBER: CEO23880)** ## **REPORT OF THE TRUSTEES** ## **for the year ended 31 December 2023** ## **Children’s Clubs** Throughout the year we have thrown ourselves and the children in to new and varied creative projects and techniques including more and varied resin work, new disciplines in ceramics and different methods in painting. It has truly been a wonderful year. We have done some great trips this year including a day out at The Horniman Museum and Gardens in South London. We also had a great day out at Colchester Zoo. Both of these trips were great for inspiring creative ideas and concepts. In the summer holidays we did a project based on Craft work and baking! Baking itself is creative and we allowed the children's imagination to run wild!! The children's clubs at Arts For All are not only a creative hub but more importantly they are full of joy, colour, magic and love. ## **Our film** In the spring The City Bridge Trust nominated us to have a professional 3 minute film made about our work by The Media Trust. We were selected and during the summer of 2023 they did all the filming and, thanks to the vision of creative director Joe Simmons, they created the most beautiful, moving and powerful film that sums up the charity so well. In October we had a launch event at The Hart Hotel in Shoreditch. Thanks to the generosity of the hotel we had a drinks reception and showed the film. The film can be found on our website - www.artsforall.co.uk and through our social media and You Tube channel - @artsforalluk. ## **Public Benefit** Our key public benefits for 2023 included: . To teach new creative techniques; . To, through creativity, help children to see a brighter future; . To continue our work with vulnerable adults through the Rainbow Club; . To build a body of work done by adults and children that could be exhibited; . To support those still suffering the mental health effects of the pandemic. ## **Financial review** During the year the charity's net income was £112,723 (2022- £63,909). The total funds carried forward are £83,770 (2022- £82,688). ## **Pension Liability** There is no pension liability as the charity only offers qualifying staff a money purchase plan (a defined contribution scheme) which is operated and administered by NEST. ## **Reserves Policy** The trustees regularly review the finances using a monthly cash-flow produced by the manager as part of the effective stewardship and Risk Management policy of the charity. Whilst the trustees recognise that the levels of reserves will fluctuate due to internal and external factors, the trustees continue to require that the charity operates with minimum level of reserves - currently set at 3 months operating costs (£26,000). This ensures that the charity has sufficient cash resources to operate and serve the local community. The actual reserves at 31 December 2023 were £83,770 of which free reserves were £58,770. The trustees review the funds regularly to address any shortfall in reserves and to ensure that there are sufficient reserves to provide financial stability and flexibility. ## **FUTURE PLANS** Page 3 ## **ARTS FOR ALL (REGISTERED NUMBER: CEO23880)** ## **REPORT OF THE TRUSTEES** ## **for the year ended 31 December 2023** 2024 is yet again a year of uncertainty because of the cost of living crisis although we feel optimistic and have worked hard to secure future funding. Through our work and our care for the local community, we are aware of those who are struggling and will continue to support them in finding the help they need at this difficult time. We will be once again working with Will Redgrove on creative workshops and together we are in the process of formulating a plan. We will be holding exhibitions and planning trips and activities for our members both young and old. The trustees and the manager will review the activities to ensure that everything is the best we can do to support our member’s development. ## **STRUCTURE, GOVERNANCE & MANAGEMENT** ## **OUR ETHOS, STRATEGY & VISION** The trustees are responsible for agreeing and setting a strategy with the manager that will achieve the objectives set out in the governing document. The focus has always been on the Arts For All members as we strive to be caring and create a family atmosphere that builds confidence through creativity. We seek to benefit the public through our stated aims. We do not charge for our services and this ensures that the clubs are completely inclusive and financially accessible to all. We are inclusive in every way and welcome adults and children from all backgrounds and cultures irrespective of a person's economic status, gender, ethnicity, race, religion or disability. We are an equal opportunity organisation and are committed to being free from any discrimination. We work with a number of people who are disabled and we have made adjustments within the workspace. The charity is committed to safeguarding and creating a safe environment for our members. All staff and volunteers are committed to these aims. We operate with a true feeling of mutual respect between staff, volunteers and members. We have a no tolerance attitude to bullying. All our policies are available and easily accessible to all. Our members tell us that Arts For All is the most vital and central thing in their lives. The manager maintains a close relationship with parents and carers and keeps them updated on their children's progress and life within the charity. This also applies to families and carers of the adult group. ## **Organisational structure** The trustees are responsible for overseeing the management and control of the charity and meet 4 times a year as well as extra meetings and regular contact. All trustees give their time for free and received no remuneration or expenses during 2023. No conflicts of interest exist. The charity is run on a day to day basis by the manager. The salary of the manager is set by the trustees and kept under annual review. The manager has an assistant who works 12 hours a week. ## **Organisational management** The trustees determine the general policy of the charity. However the day to day running is down to the manager, supported by staff and volunteers. The manager undertakes the main leadership role overseeing the delivery of the service as well as dealing with administration, accounts and fundraising. The manager also liaises and deals with all funders, corporate partners and supporters of the charity. The manager, with the support of the trustees, oversees the staff and volunteers of the charity. ## **Key management** We currently have 7 trustees who provide support to the manager, Caroline Barlow. In 2023 we welcomed Natasha Kelly onto the board. ## **Trustees & Manager** Page 4 ## **ARTS FOR ALL (REGISTERED NUMBER: CEO23880)** ## **REPORT OF THE TRUSTEES** ## **for the year ended 31 December 2023** Dr Tom Fleming, Ann Buxton, Patrick Connolly, Lisa Recker, Josh Nash, Natasha Kelly and Amy Brookes-Beighton Manager - Caroline Barlow Assistant Ella Mason. ## **Risk management** The trustees are responsible for identifying and reviewing the risks to which the charity is exposed and to ensure appropriate controls are in place to make sure that it is a safe environment. We conduct annual risk assessments for our projects, clubs, trips and holiday. A formal review of the charities risk management processes is undertaken annually. The manager is responsible for this task with oversight from the trustees. The main risks identified are: ## **Reputation** The charity has always had a great reputation. We manage this with safeguarding policies, pastoral care and health & safety controls and care. ## **Financial** Our goal is to have more than 3 months reserves at all times. We can only run the charity and serve the community if we continue to get the funding we need. This is something that we work on throughout the year. Each quarter the manager circulates a cash flow review to the trustees and they are aware at all times what the financial health of the charity is like. The trustees confirm that the operation and control of the bank accounts is in accordance with the Constitution which requires 2 unrelated signatories to authorize withdrawals. Our accountants are Raffingers. ## **Related Party Transactions & Conflicts of interest** In 2023 there were no related party transactions or conflicts of interest. ## **Succession** Within the charity there are 2 long term volunteers and the manager has a part time assistant who live locally. It is hoped that they will want to get more involved in co-managing the charity as part of their own career and can step in should the manager be unable to attend. There are also many national and local charities based locally that could be asked to help support running Arts For All should the need arise. ## **Premises** We have been based at The Tab Centre for 22 years and has always had a good partnership with our Landlords The Shoreditch Tabernacle Baptist Church. The charity has a lease for the space we rent with a standard notice period. ## **Safeguarding** Every staff member and regular volunteer has an enhanced DBS check. The charity is now using an online company to deliver its safeguarding training with both children and vulnerable adults. Our safeguarding policy is displayed openly and is accessible to all. The trustees are satisfied that our risk management is efficient and any risks have been mitigated. Safeguarding training is also undertaken by the staff of Arts for All. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document - our Constitution. In November 2020 we became a CIO (A Charitable Incorporated Organisation). This has been officially sanctioned by the Charity Commission of England & Wales and all measures have been taken in accordance with good practice. All relevant people have been informed of this change including HMRC. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** CEO23880 (England and Wales) Page 5 ## **ARTS FOR ALL (REGISTERED NUMBER: CEO23880)** **REPORT OF THE TRUSTEES for the year ended 31 December 2023** **Registered Charity number** 1192375 ## **Registered office** The Tab Centre Godfreys Place London E2 7NT ## **Trustees** J Nash Trustee Ms L Recker Trustee Ms A Buxton Trustee Dr T Fleming Trustee P Connolly Chairman of Trustees Ms A Brooks-Beighton Trustee Mrs N Kelly Trustee (appointed 17.7.23) ## **Independent Examiner** Raffingers LLP Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD Approved by order of the board of trustees on 23 February 2024 and signed on its behalf by: P Connolly - Trustee Page 6 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARTS FOR ALL** ## **Independent examiner's report to the trustees of Arts For All ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) 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 charity'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** 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. Mr Thurairatnam Sudarshans Raffingers LLP Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD 23 February 2024 Page 7 ## **ARTS FOR ALL** ## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
112,592
Investment income
3
131
**Total**
112,723
**EXPENDITURE ON**
Raising funds
1,259
**Charitable activities**
Charitable activities
100,382
**Total**
101,641
**NET INCOME/(EXPENDITURE)**
11,082
**RECONCILIATION OF FUNDS**
Total funds brought forward
57,688
**TOTAL FUNDS CARRIED FORWARD**
68,770|Restricted
fund
£
-
-
-
-
10,000
10,000
(10,000)
25,000
15,000|2023
Total
funds
£
112,592
131
112,723
1,259
110,382
111,641
1,082
82,688
83,770|2022
Total
funds
£
63,880
29
63,909
704
102,164
102,868
(38,959)
121,647
82,688| |---|---|---|---| The notes form part of these financial statements Page 8 ## **ARTS FOR ALL (REGISTERED NUMBER: CEO23880)** ## **BALANCE SHEET 31 December 2023** |Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Debtors
7
-
15,000
Cash at bank
69,176
-
69,176
15,000
**CREDITORS**
Amounts falling due within one year
8
(406)
-
**NET CURRENT ASSETS**
68,770
15,000
**TOTAL ASSETS LESS CURRENT LIABILITIES**
68,770
15,000
**NET ASSETS**
68,770
15,000
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2023
Total
funds
£
15,000
69,176
84,176
(406)
83,770
83,770
83,770
68,770
15,000
83,770|2022
Total
funds
£
25,000
57,891
82,891
(203)
82,688
82,688
82,688
57,688
25,000
82,688| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 9 ## **ARTS FOR ALL (REGISTERED NUMBER: CEO23880)** ## **BALANCE SHEET - continued 31 December 2023** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 23 February 2024 and were signed on its behalf by: P Connolly - Trustee The notes form part of these financial statements Page 10 **ARTS FOR ALL** ## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Going concern** The trustees, having made appropriate enquiries, consider that adequate resources exists for the charity to continue in operational existence for the foreseeable future and that, therefore, it is appropriate to adopt going concern basis in preparing the financial statements as at and for the period ended 31 December 2023. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts. The trustees have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet the liabilities as they fall due. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Gifts in kind and donated services** Gifts in kind and donated services are included at the lower of their value to the charity and their estimated market value. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Charitable activities** The cost of charitable activities comprises those incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Governance costs** Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and the accountancy fees and costs linked to the strategic management of the charity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. continued... Page 11 **ARTS FOR ALL** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Debtors** Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. ## **Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **Creditors and provisions** Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of settlement can be estimated reliably. ## **Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value except for bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method. ## **2. DONATIONS AND LEGACIES** |Donations
Grants|2023
£
27,098
85,494
112,592|2022
£
19,188
44,692| |---|---|---| |||63,880| continued... Page 12 ## **ARTS FOR ALL** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023** ## **2. DONATIONS AND LEGACIES - continued** Grants received, included in the above, are as follows: ## **3.** ## **4.** |2023
£
Awards For All
9,300
City Bridge Trust - Additional funding
-
Garfield Weston Foundation
15,000
St James's Place Charitable Foundation
5,000
The Barbara Ward Children's Foundation
7,000
The February Foundation
-
The Robert Gavron Charitable Trust
5,000
The National Lottery Community Fund
33,400
Victoria's Secret & Co. Foundation
7,794
Other grants below £4,000
3,000
85,494
**INVESTMENT INCOME**
2023
£
Interest receivable
131
**SUPPORT COSTS**
Governance
Management
Finance
costs
£
£
£
Charitable activities
20,094
128
2,410|2022
£
-
992
15,000
-
7,000
5,000
-
-
-
16,700| |---|---| ||44,692| ||2022
£
29
Totals
£
22,632| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. continued... Page 13 ## **ARTS FOR ALL** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023** ## **6. STAFF COSTS** The average monthly number of employees during the year was as follows: ||||2023|2022| |---|---|---|---|---| ||Management, operational and admin||2|2| ||No employees received emoluments in excess of £60,000.|||| |**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||2023|2022| ||||£|£| ||Accrued income||15,000|25,000| ||The accrued income relates to a 5 year grant from the City Bridge Trust|(£15,000 balance|remaining).|| |**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||2023|2022| ||||£|£| ||Net wages||208|203| ||Accruals and deferred income||198|-| ||||406|203| |**9.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.1.23|in funds|31.12.23| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|57,688|11,082|68,770| ||**Restricted funds**|||| ||Restricted Funds|25,000|(10,000)|15,000| ||**TOTAL FUNDS**|82,688|1,082|83,770| continued... Page 14 ## **ARTS FOR ALL** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2023** ## **9. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
112,723
(101,641)
11,082
-
(10,000)
(10,000)
112,723
(111,641)
1,082| |---|---| ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**|Net
movement
At
At 1.1.22
in funds
31.12.22
£
£
£
86,647
(28,959)
57,688
35,000
(10,000)
25,000
121,647
(38,959)
82,688
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
63,909
(92,868)
(28,959)
-
(10,000)
(10,000)
63,909
(102,868)
(38,959)| |---|---| Page 15 continued... **ARTS FOR ALL** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** ## **for the year ended 31 December 2023** ## **9. MOVEMENT IN FUNDS - continued** ## **Restricted funds** During the year, the charity received donations and grants to be applied fo specific purposes as listed below: ## **City Bridge Trust** During the year the charity received £10,000 from the City Bridge Trust. This grant is a multi year grant and has already been recognized in the account in a prior year. There is £15,000 remaining in accrued income relating to this grant. The £10,000 has been spent in the year on charitable activities per the restriction set out on this grant. ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2023. Page 16