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 2024
FOR
ARTS FOR ALL
Raffingers Holdings Limited Chartered 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 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
ARTS FOR ALL
REPORT OF THE TRUSTEES for the year ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ending 31/12/2024. The trustees have adopted the provisions of Accounting & Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK
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ARTS FOR ALL
REPORT OF THE TRUSTEES for the year ended 31 December 2024
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 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 - 2.30pm.
Once again this year has been extraordinary! Our short film; created in 2023 by The Media Trust and inspiring director Joe Simmons; has continued to bring us recognition and the ripple effect from it has meant that during 2024 we have been shortlisted for 3 separate awards which has been extremely exciting for everyone involved in Arts For All. Our film can be seen on the home page of our website - www.artsforall.co.uk
We have done some wonderful trips in and out of London including The Royal Academy of Arts to see the Michael Craig Martin exhibition, Legoland, The Lego exhibition called 'The Art of the Brick' Newmarket and summer & Christmas trips out to Oxfordshire. 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 the spring we had an exhibition of incredible art work done by our adults and some of the children. This was held at St Botolphs Hall, Bishopsgate and was a wonderful, buzzing, well attended exhibition where many of the works of art were sold. These type of exhibitions are so great for boosting the confidence in the adults and children alike, and are always exciting, joyful events.
We have continued our 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 continuing 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.
Children’s Clubs
Throughout the year we have thrown ourselves and the children into 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.
In the school holidays we ran some wonderfully creative activity days for the children, including a picnic lunch out in our wonderful garden. We took them out to local green spaces to just be children and have fun!! The majority of our children live in flats with no garden. We are fortunate to have an amazing garden and able to allow the children lovely sunny days in the summer holidays.
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ARTS FOR ALL
REPORT OF THE TRUSTEES for the year ended 31 December 2024
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. They are a great space for friendships to blossom and for children; often struggling in life; to relax, be safe and be happy.
Our film
Our film can be seen in a number of places including the home page of our website - www.artsforall.co.uk
Public Benefit
Our key public benefits for 2024 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 ongoing mental health effects of the pandemic and other reasons.
Financial review
The financial statements for January 2024 to December 2024 showed £2,541 (2023: £1,082) net income. The total funds carried forward are £86,311 (2023: £83,770).
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 CEO 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 (£34,000). This ensures that the charity has sufficient cash resources to operate and serve the local community.
The actual reserves at 31 December 2024 were £86,311 of which free reserves were £79,328. 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
2025 is yet again likely to be 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.
In 2025 we have many people doing runs for us including the London and Paris Marathons, The Hackney Half Marathon and various other half marathons and shorter runs. We also hope to have someone doing the London to Paris Cycle ride!! This shows how hard we work to think of creative and innovative ways that we can raise the money we need to run the charity.
We hope to once again work with Will Redgrove, a local street artist, 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
GOVERNING DOCUMENT
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ARTS FOR ALL
REPORT OF THE TRUSTEES for the year ended 31 December 2024
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.
OUR ETHOS, STRATEGY & VISION
The trustees are responsible for agreeing and setting a strategy with the CEO 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 CEO 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 2024. No conflicts of interest exist. The charity is run on a day to day basis by the CEO whose salary is set by the trustees and kept under annual review. We also employ Ella Mason who is CEO's Assistant and Creative Art Teacher. She has been employed full time since June 2024.
ORGANISATIONAL MANAGEMENT
The trustees determine the general policy of the charity. However the day to day running is down to the CEO, supported by staff and volunteers. The CEO undertakes the main leadership role overseeing the delivery of the service as well as dealing with administration, accounts and fundraising. She also, with the support of her assistant, liaises and deals with all funders, corporate partners and supporters of the charity. The CEO, with the support of the trustees, oversees the staff and volunteers of the charity.
KEY MANAGEMENT
We currently have 6 trustees (at the end of 2024) who provide support to the CEO, Caroline Barlow. In 2024 Josh Nash and Lisa Recker resigned from the board because of other commitments.
Trustees at end of year 2024 & staff
Dr Tom Fleming, Ann Buxton, Patrick Connolly, Natasha Kelly and Amy Brookes-Beighton and Debbie Terrell 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 CEO 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.
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ARTS FOR ALL
REPORT OF THE TRUSTEES for the year ended 31 December 2024
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 2024 there were no related party transactions or conflicts of interest.
Succession - Within the charity there is the CEO, her full time, long term assistant (she was part time before becoming full time in June 2024), and regular volunteers. They want to get more involved in co-managing the charity as part of their own career path and can step in should the CEO 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 24 years and it 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)
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
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ARTS FOR ALL
REPORT OF THE TRUSTEES for the year ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
Approved by order of the board of trustees on 20 February 2025 and signed on its behalf by:
P Connolly - Trustee
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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 2024.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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 FCCA
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
20 February 2025
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ARTS FOR ALL
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 136,542 Investment income 3 171 Total 136,713 EXPENDITURE ON Raising funds 818 Charitable activities Charitable activities 123,354 Total 124,172 NET INCOME/(EXPENDITURE) 12,541 RECONCILIATION OF FUNDS Total funds brought forward 68,770 TOTAL FUNDS CARRIED FORWARD 81,311 |
Restricted fund £ - - - - 10,000 10,000 (10,000) 15,000 5,000 |
2024 Total funds £ 136,542 171 136,713 818 133,354 134,172 2,541 83,770 86,311 |
2023 Total funds £ 112,592 131 |
|---|---|---|---|
| 112,723 | |||
| 1,259 110,382 |
|||
| 111,641 | |||
| 1,082 82,688 |
|||
| 83,770 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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ARTS FOR ALL
BALANCE SHEET 31 December 2024
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 8 1,983 - CURRENT ASSETS Debtors 9 - 5,000 Cash at bank 79,757 - 79,757 5,000 CREDITORS Amounts falling due within one year 10 (429) - NET CURRENT ASSETS 79,328 5,000 TOTAL ASSETS LESS CURRENT LIABILITIES 81,311 5,000 NET ASSETS 81,311 5,000 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 Total funds £ 1,983 5,000 79,757 84,757 (429) 84,328 86,311 86,311 81,311 5,000 86,311 |
2023 Total funds £ - 15,000 69,176 84,176 (406) 83,770 83,770 83,770 68,770 15,000 83,770 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.
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 20 February 2025 and were signed on its behalf by:
P Connolly - Trustee
The notes form part of these financial statements
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ARTS FOR ALL
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024
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 2024. 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
- 25% on reducing balance
Taxation
The charity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
continued...
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ARTS FOR ALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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 |
2024 £ 39,969 96,573 136,542 |
2023 £ 27,098 85,494 |
|---|---|---|
| 112,592 |
continued...
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ARTS FOR ALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
2. DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows:
| Awards For All Garfield Weston Foundation St James's Place Charitable Foundation The Barbara Ward Children's Foundation The Robert Gavron Charitable Trust The National Lottery Community Fund Victoria's Secret & Co. Foundation Other grants below £4,000 Allianz Global BNP Paribas Community Fund Foundation For Children HSBC grant Wakefield Trust 3. INVESTMENT INCOME Interest receivable 4. SUPPORT COSTS Management £ Charitable activities 22,008 5. NET INCOME/(EXPENDITURE) |
2024 £ - - 5,000 - - 20,850 - 12,525 4,143 5,000 20,850 5,000 18,205 5,000 96,573 2024 £ 171 Governance Finance Depreciation costs £ £ £ 124 661 2,512 |
2023 £ 9,300 15,000 5,000 7,000 5,000 33,400 7,794 3,000 - - - - - - |
|---|---|---|
| 85,494 | ||
| 2023 £ 131 Totals £ 25,305 |
||
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation - owned assets | 661 | - |
continued...
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ARTS FOR ALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Management, operational and admin No employees received emoluments in excess of £60,000. 8. TANGIBLE FIXED ASSETS COST Additions DEPRECIATION Charge for year NET BOOK VALUE At 31 December 2024 At 31 December 2023 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued income |
2024 2023 2 2 Plant and machinery £ 2,644 661 1,983 - 2024 2023 £ £ 5,000 15,000 |
|---|---|
The accrued income relates to a 5 year grant from the City Bridge Trust (£5,000 balance remaining).
continued...
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ARTS FOR ALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditor Accruals and deferred income 11. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS |
At 1.1.24 £ 68,770 15,000 83,770 Incoming resources £ 136,713 - 136,713 At 1.1.23 £ 57,688 25,000 82,688 |
2024 2023 £ £ 379 208 50 198 429 406 Net movement At in funds 31.12.24 £ £ 12,541 81,311 (10,000) 5,000 2,541 86,311 Resources Movement expended in funds £ £ (124,172) 12,541 (10,000) (10,000) (134,172) 2,541 Net movement At in funds 31.12.23 £ £ 11,082 68,770 (10,000) 15,000 1,082 83,770 |
|---|---|---|
continued...
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ARTS FOR ALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS |
Incoming resources £ 112,723 - 112,723 |
Resources Movement expended in funds £ £ (101,641) 11,082 (10,000) (10,000) (111,641) 1,082 |
|---|---|---|
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 £5,000 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.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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ARTS FOR ALL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Investment income Interest receivable Total incoming resources EXPENDITURE Raising donations and legacies Fundraising expenses Charitable activities Wages Pensions Materials Outings Refreshments Travel Support costs Management Rent and rates Telephone Office costs Equipment Insurance Finance Bank charges Depreciation Plant and machinery Governance costs Accountancy and legal fees Total resources expended Net income |
2024 £ 39,969 96,573 136,542 171 136,713 818 66,488 1,577 2,870 22,748 8,293 6,073 108,049 18,880 408 1,538 140 1,042 22,008 124 661 2,512 134,172 2,541 |
2023 £ 27,098 85,494 |
|---|---|---|
| 112,592 131 |
||
| 112,723 1,259 51,640 1,081 4,597 18,871 4,721 6,840 |
||
| 87,750 18,000 494 620 162 818 |
||
| 20,094 128 - 2,410 |
||
| 111,641 | ||
| 1,082 |
This page does not form part of the statutory financial statements
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