**Charity registration number 1194759** **Company registration number 5600161 (England and Wales)** ## **TIN ARTS LIMITED** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2024** ## **TIN ARTS LIMITED** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Mrs C C Defty|| |---|---|---| ||Ms T Chaytor|| ||Mr A Harrington|| ||Mr P M Wilson|| ||Mr S R Raybould|| ||Ms A R Bell|| ||Mrs N H Weston|(Appointed 18 July 2023)| ||Mrs G M McArdle|(Appointed 13 February 2024)| ||Mr M Summers|(Appointed 22 November| |||2023)| ||Mr J M McManners|(Appointed 22 November| |||2023)| |**Secretary**|Mrs C C Defty|| |**Charity number**|1194759|| |**Company number**|5600161|| |**Registered office**|Old School House|| ||Front Street|| ||Framwellgate Moor|| ||Co. Durham|| ||DH1 5BL|| |**Independent examiner**|Stephen Lamb, FCA|| ||12 Bessemer Court|| ||Hownsgill Industrial Park|| ||Knitsley Lane|| ||Consett|| ||Co Durham|| ||DH8 7BL|| **TIN ARTS LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Trustee report|1 - 9| |Independent examiner's report|10| |Statement of financial activities|11| |Balance sheet|12| |Statement of cash flows|13| |Notes to the financial statements|14 - 29| ## **TIN ARTS LIMITED** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102. ## **OBJECTIVES AND ACTIVITIES** ## **Objects and Aims** TIN Arts Limited’s charitable objects are to promote, improve and advance participation and education in the arts including the arts of dance, drama and music. The charity aims to fulfil these charitable objects through its mission to work hard to identify and remove barriers to dance and the performing arts, increasing participation by people of all ages and abilities, developing new skills, being creative and celebrating talent and achievements. ## **Public Benefit** The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The trustees confirm that they have complied with the legal requirements relating to public benefit as published in the Charities Act 2011 and the charity meets both key principles of public benefit i.e., we can provide evidence that our objects, plus the activities and outcomes that underpin those objects: Have an identifiable benefit or benefits and Benefit the public in general or a sufficient section of the public. Our main activities and outcomes can be captured in three areas within the organisation’s Theory of Change we are developing with external consultant Caroline Murphy: ## _1. Dance activities for all_ _2. Clear progression routes_ _3. Celebrate achievement_ ## _1. Dance activities for all_ We run dance (and wider performing arts) activities in which all ages and abilities can take part. Benefits include better physical fitness and improved mental wellbeing. The number of participants taking part in activities in 2023-24 was 2,024 and includes: - Children and young people in the North East of England, both disabled and non-disabled from age 2 years old up to those aged 19 years old (up to 25 for those with a learning disability or who are autistic). - Children and young people in the North East of England, in hospital, in hospice settings and also online. - Individuals aged 18+ with a learning disability or who are autistic in the North of England. - Nationally, adults who participate in professional development sessions in dance and inclusion, both in-person and online. - 1 - ## **TIN ARTS LIMITED** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## _2. Clear progression routes_ We create and offer progression routes to people from diverse backgrounds, developing their talent, skills and expertise in their chosen area within the dance sector, supporting them to reach their full potential. We support emerging associate dance artists to develop their own work, as well as producing our own professional work for touring. We are also a sector leading organisation both regionally and nationally, focused on increasing representation by disabled people, within the dance sector. Highlights from 2023-24 are outlined in the Achievements and Performance section of the Trustee Report. ## _3_ _**.** Celebrate achievement_ We produce and present an ambitious artistic programme of events and performances that is open to all, artistically compelling, challenges people’s expectations and attitudes, and inspires participants, audiences and stakeholders. Our annual dance platforms offer many of our participants the opportunity to celebrate their achievements with family and friends as well as publicly; many platforms take place in theatre settings, to audiences from the general public. We also produce an annual outdoor arts festival for d/Deaf, disabled and non-disabled children and young people and their families which is free to attend and open to the general public. In 2023-24 we ran 16 events to audiences of 3,688. ## **ACHIEVEMENTS AND PERFORMANCE** Across 2023-24 we focused on work that sought to promote, improve and advance participation and education in the arts, with the work also contributing to meeting the aims of the Theory of Change. Re-iterating the Theory’s main activities and outcomes: 1. Dance activities for all 2. Clear progression routes 3. Celebrate achievement In support of our plans, we began the year as a National Portfolio Organisation with a 3-year funding agreement with Arts Council England. We have been awarded a significant uplift in our funding to focus on talent development in dance, working across the North of England with partners in Yorkshire and the North West. - 2 - ## **TIN ARTS LIMITED** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ Looking at TIN Arts’ activities from 2023-24 in turn, articulated in the Theory of Change: ## **1. Dance activities for all** Our activities have offered dance sessions to all ages and abilities, and this year we have extended our reach geographically too. Our dance classes for children and young people in school and at our TIN dance space in Durham City, called BOUNCE, offer progression routes for talented dancers, as well as being open to all abilities. Highlights from this year include: One of our BOUNCE groups was successful in reaching and performing in the national final of the annual U.Dance competition in Newcastle upon Tyne in July 2023. Their success is a testament to the success of BOUNCE; the U.Dance final is the country’s biggest celebration of youth dance and brings together young dancers from over England and Wales. A group of 12 dancers, drawn from BOUNCE, has taken part in an international partnership project between TIN Arts and a dance company from Germany, Perform[d]ance. Dancers from both countries took part in weekly online sessions to devise and create new dance pieces together to be performed in public performances. As the classes at our TIN dance space continue to thrive, in Autumn 2023 for the first time since the Covid-19 pandemic we trialled open classes for younger participants: Tiny TINs for pre-school children with their grown-up helper and Scramble, a class for infant school age children. Take up for these classes was not as strong as we first hoped, so we plan to undertake more ‘taster’ work with local schools to increase appetite in the coming year. In SEND schools, demand for our classes has continued to grow, with enquiries from new schools now happening on a more frequent basis and from further afield. We are now working regularly with SEND schools on 4 out of 5 weekdays across County Durham, Sunderland and Middlesbrough. In other dance work for children, TIN Arts has continued to be lead partner and principal delivery organisation in the South Tees Arts Project (STAR): a project that seeks to address health inequalities through the delivery of dance in primary schools in deprived areas. This year the programme worked further afield, with work in Tyneside as well as Teesside: the programme ran in 3 schools in Teesside (STAR2) and in 4 schools in North Tyneside (STAR3) with over 1,300 pupils taking part. The STAR2 project was a finalist at the 2023 North East Culture Awards in the ‘ _Best Arts and Education Partnership’_ category. In our dance work for adults, our GeTIN2Dance programme, which is daytime arts training for people aged 18+ with a learning disability or who are autistic, delivered dance activities on weekdays throughout the year. This programme continues to steadily grow, with 72 participants now engaged in our daily classes, a 12.5% increase on the previous year. More college and school leavers are joining the programme, bringing a greater breadth of age ranges to classes. Highlights of our work that embraces other art forms include: - 3 - ## **TIN ARTS LIMITED** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ The TIN Arts Clown Doctors Programme in hospital and hospice settings in Newcastle, provided in-person therapeutic respite through artistic play to sick children in The Freeman Hospital and at St Oswald’s Hospice. We also continued with our Very Special Meetings work which involves Clown Doctors interacting online with outpatients through creative play. _“The Clown Doctors always make sure to give my son their full attention and find something new for him every time.” (Parent of child patient)_ _“The Clown Doctors are still talked about in our home even though my son is an adult. He tells his own children about them. Keep up the good work.” (Parent of former child patient)_ With funding from the North East North Cumbria Congenital Heart Disease (NENC CHD) Network, TIN Art worked with lead creatives Laura Lindow and Laura Degnan to produce "Heart to Heart", a short film which puts a spotlight on the lives of young people living with Congenital Heart Disease (CHD). The film was launched at the British Congenital Cardiac Association Conference held in Bristol in November 2023. _“Inspired by lived experiences shared with me by a young person, the aim was to create a resource that would be available to young people wherever and whenever they needed support from peers, from people like them.” (Lead Nurse Kaye Walsh)_ ## **2. Clear progression routes** We support people from diverse backgrounds to reach their full potential. One highlight from this year has been in our children and young people’s BOUNCE work: 3 dancers, Matthew, Megan and Samuel have enjoyed success in national auditions. Matthew and Samuel were successful in being part of the National Youth Dance Company and toured throughout the UK with the Company in Summer 2023; Matthew and Megan have been chosen to be part of the Company to tour in 2024. The National Youth Dance Company is England’s flagship youth dance organisation, based at Sadler’s Wells in London. In respect of supporting emerging professional dance artists, we work to provide progression pathway opportunities for talented individuals with a learning disability or who are autistic to have sustainable, successful careers in dance. We have made progress this year at both a regional and national level: Funded by National Portfolio Organisational funding from Arts Council England, over the next 3 years starting April 2023 TIN Arts are leading a Talent Development Programme across the North of England with partners Yorkshire Dance in Yorkshire and Cheshire Dance in the North West. Throughout this financial year each partner has supported an emerging dance artist with a learning disability or who are autistic to develop their practice. The partners have also worked together collaboratively to share best practice. As part of the programme TIN Arts are supporting local learning-disabled dance artist, George Williams. With support from TIN Arts and Epic Arts, George is applying to secure a National Lottery Project Grant from Arts Council England to develop his current dance work ‘Chance’. This piece recently completed research and development with an Early-Stage Production Commission from Dance City. At a national level TIN Arts is a key member of a National Working Group with partner organisations Corali, Stopgap, Candoco and People Dancing. The group’s aim is to increase and sustain the presence and representation by disabled people in the dance workforce and in its leadership, working with disabled artists and leaders as a critical part of the research in this area. The group is supported by Arts Council England and later in 2024 plans are in place to work with an independent research team to undertake research to inform the national picture with the ultimate aim of driving change. - 4 - ## **TIN ARTS LIMITED** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ In our professional work, TIN Arts’ current piece, ‘Got Your Nose’, toured across the North of England in Summer 2023 at 4 outdoor arts festivals. Despite the British weather hampering performances, we enjoyed audiences of over 1,000 over the 4 festivals. ## **3. Celebrate Achievement** For many years TIN Arts has produced events that enable those who take part in our activities to celebrate their achievements with family and friends: ## **Best Foot Forward** Since 2000, Best Foot Forward has been TIN Arts’ annual performance showcase featuring work created and performed by artists with a learning disability or who are autistic. This year’s show took place in July 2023 at the Gala Theatre, Durham and was the first live show since the Covid-19 pandemic, so there was much anticipation about the event. 5 groups from TIN Arts as well as 5 guest groups performed, against this year’s theme of ‘Summer’. Audience numbers were 238, with feedback from the evening overwhelmingly positive: _‘People with disabilities think they can’t do anything, but they can. Because they’ve got it in their hearts, their minds and their soul.’_ _(Alex, participant)_ _‘Once again, BFF stuns me with the sheer skill and professionalism of the performers. The joy this brings the performers is immeasurable. Well done to all at TIN and thank you.’_ _(Audience member)_ ## **IncludFEST** Our free to attend, annual outdoor arts festival for d/Deaf and disabled children and young people took place at Hardwick Park, Sedgefield in July 2023. This year, we moved the site of IncludFEST to a more central part of Hardwick Park, on one of the open, grassed areas. Dance work by children and young people was centre stage at the event; in the run-up to the day, 24 disabled and non-disabled children and young people took part in a 3-day summer school, creating the work for both the opening performance of the event, as well as content for other activities including a dance workshop and interactive theatre and dance performance (The Quest). The Quest was in collaboration with professional double act Shabang!, whose performances are created for inclusive audiences using multi-sensory techniques, singing, signing, original songs and opportunities for the children and young people to participate. The children and young people’s elements of The Quest involved 4 dances, with dancers ranging between 5 to 24 years old. Audiences came from all around the North East to attend IncludFEST, with some families travelling more than 30 miles. An estimated audience of circa 1,500 was in keeping with annual IncludFEST attendances from previous years. ## **FUSE** A dance performance platform for SEND schools who engage in our BOUNCE programme. This year we hosted our event in March 2024 with around 120 students and teachers taking part. Young people performed and watched other groups, plus this year our audience included students and teachers from new schools, interested to learn more about the work we do. - 5 - ## **TIN ARTS LIMITED** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **SLIDE** A dance performance platform for young people attending our BOUNCE out-of-school classes, with guests from other local dance groups. SLIDE also doubles up as a sub-regional competition platform for U.Dance, with groups progressing to the regional final in Newcastle. This year’s SLIDE event in March 2024 was hosted at Darlington Hippodrome theatre, a new venue for TIN Arts and included performances from 115 young people to a live audience of 321. _“Very emotional - I needed a tissue! I thoroughly enjoyed every minute! I came to watch my daughter in the D project dance but I would happily pay to come and watch all your wonderful dancers in TIN Arts again - I was blown away by them!”_ _“Inspired by a generation of individual people with various abilities, showing you can do anything and be anything you want to be.”_ _(Audience members)_ ## **25 years of TIN Arts Celebration Ball** In January 2024, to mark 25 years of TIN Arts, we celebrated with an evening Ball at Hardwick Hall Hotel in Sedgefield. The evening was an opportunity to bring people together from all areas of our work: participants and their families and supporters, partner organisations, TIN Arts trustees, Clown Doctors, plus family and friends from over the years. The evening was a great success, with fun, games and of course, lots of dancing. Many thanks to all those who supported us both at the event, plus all those who gave donations and their time in organising the event. _“Just wanted to thank you for organising the fabulous ball on Saturday. We all did indeed, have a ball! The whole night was fantastic and we felt part of one big family having lots of fun and laughter.” (Attendee)_ ## **MBE Award** This year co-founder Tess Chaytor has been awarded an MBE - Member of the Order of the British Empire – for services to the Performing Arts for people with learning disabilities as part of the King’s first Birthday Honours List. On behalf of the trustees of TIN Arts I would like to express many congratulations to her for receiving this welldeserved Honour. ## **FINANCIAL REVIEW** Total income in the year to 31 March 2024 was £619,677 which is an increase of £76,304 on income received in the prior year to 31 March 2023 of £543,373. Net incoming resources increased by £41,034 on Unrestricted funds to £165,314 (2023: £124,280), and Restricted Funds decreased by £716 to £17,861 (2023: £18,577). Net current assets at 31 March 2024 amounted to £167,596 (2023:£121,022). - 6 - ## **TIN ARTS LIMITED** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **Policy on reserves** The trustees have reviewed the charity’s needs for reserves in line with the guidance issued by the Charity Commission. The charity aims to hold unrestricted reserves maintained at a level which ensures that the charity’s core activities could continue during a period of unforeseen difficulty. The current reserves target is to cover monthly running costs for a period of 3 months. At present the trustees estimate that the unrestricted reserves required to cover the charity’s core activities amount to approximately £103,800. At the year end, unrestricted funds were £165,314 (2023: £124,280). The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Nature of governing document** TIN Arts Limited is a charity and company limited by guarantee and not having a share capital, incorporated on 21 October 2005. It is registered in England and Wales under company number 5600161 and governed by its Articles of Association, originally registered upon incorporation, as amended by Special Resolutions dated 14 December 2012 and 16 September 2020. TIN Arts Limited achieved charitable status on 10 June 2021. The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a company limited by guarantee as defined by the Companies Act 2006. Eligibility for membership of the charity and membership of the Board of Trustees is governed by the Articles of Association. The Board of Trustees is the governing body of the charity and has overall legal responsibility for all that the charity does. Members of the Board are the trustees of the charity. ## **Structure and governance** TIN Arts Limited was started by its 2 founders, Teresa Chaytor and Paul Martin Wilson. The founders are also trustees on the Board of Trustees. As well as its founders, individuals who are willing and eligible to act as trustees may be appointed by a decision of the existing trustees, in accordance with the Articles of Association. The minimum size of the Board of Trustees is 3 and, unless determined by ordinary resolution, is not subject to a maximum. The charity currently has a Board of 10 Trustees, 7 of whom are non-executive trustees. The Board meets a minimum of four times per year. Additional committees and working groups are established to explore specific issues. - 7 - ## **TIN ARTS LIMITED** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mrs S A Clossick (Resigned 13 February 2024) Mrs C C Defty Ms T Chaytor Ms J R Doherty (Resigned 18 July 2023) Mr A Harrington Mr P M Wilson Mr S R Raybould Ms A R Bell Mrs N H Weston (Appointed 18 July 2023) Mrs G M McArdle (Appointed 13 February 2024) Mr M Summers (Appointed 22 November 2023) Mr J M McManners (Appointed 22 November 2023) None of the trustees have any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute, not exceeding £10, in the event of a winding up. ## **Recruitment and appointment of trustees** The founders of TIN Arts Limited, Teresa Chaytor and Paul Martin Wilson, as trustees, are not required to retire from serving as trustees from the Board of Trustees. All other trustees serve a term of 3 years on the Board of Trustees but are eligible for re-appointment by the other trustees at the Annual General Meeting. There is no limit to the number of terms trustees can serve. Potential new trustees are identified through a mixture of formal and informal means including a range of advertising channels and professional recommendations. Particular emphasis is placed on identifying individuals who can fill skills gaps within the board. This year we welcomed 4 new trustees to the Board, bringing with them a wide range of skills. New trustees came on board from July 2023 onwards replacing some long-serving trustees, Jan Doherty and Selina Clossick, who stood down from the board. We wish both trustees well in their future endeavours. - 8 - ## **TIN ARTS LIMITED** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **Induction and training of trustees** New trustees are inducted by the Chair of the Board, Executive Director and Company Secretary and are provided with a range of resources and publications to support their understanding of TIN Arts’ activities. New trustees are also encouraged and supported to spend time visiting a range of TIN Arts’ activities to better understand the practices and impacts of our work. ## **Organisational structure** The Board of Trustees has overall responsibility for the governance of the charity and is involved in the creation and implementation of key policy. Day-to-day responsibility for the management of the charity is delegated to its founders, Teresa Chaytor and Paul Martin Wilson, as Artistic Director and Executive Director respectively. The founders are supported by and work closely with a Company Manager, Operations Manager and a Senior Arts Practitioner. The Trustee report was approved by the Board of Trustees. Mr A Harrington **Chairman** 19 November 2024 - 9 - ## **TIN ARTS LIMITED** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF TIN ARTS LIMITED** I report to the trustees on my examination of the financial statements of TIN Arts Limited (the charity) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants England and Wales, which is one of the listed bodies. 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 that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 financial statements 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 financial statements to be reached. ## **Stephen Lamb, FCA** 12 Bessemer Court Hownsgill Industrial Park Knitsley Lane Consett Co Durham DH8 7BL Dated: 19 November 2024 - 10 - ## **TIN ARTS LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**2**
210,476
186,009
Charitable activities
**3**
222,047
-
Investments
**4**
882
-
Other income
**5**
-
263
**Total income**
433,405
186,272
**Expenditure on:**
Charitable activities
**6**
392,371
186,988
**Total expenditure**
392,371
186,988
**Net income/(expenditure) and**
**movement in funds**
41,034
(716)
**Reconciliation of funds:**
Fund balances at 1 April 2023
124,280
18,577
**Fund balances at 31 March**
**2024**
165,314
17,861|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
396,485
87,547
272,383
222,047
183,402
-
882
41
-
263
-
-
619,677
270,990
272,383
579,359
278,365
278,580
579,359
278,365
278,580
40,318
(7,375)
(6,197)
142,857
131,655
24,774
183,175
124,280
18,577|**Total**
**2023**
**£**
359,930
183,402
41
-
543,373
556,945
556,945
(13,572)
156,429
142,857| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 11 - ## **TIN ARTS LIMITED** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**13**
**Current assets**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**15**
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension liability**
**The funds of the charity**
Restricted income funds
**18**
Unrestricted funds|**2024**
**£**
40,932
204,187
245,119
(77,523)|**£**
15,579
167,596
183,175
183,175
17,861
165,314
183,175|**2023**
**£**
60,511
110,569
171,080
(50,058)|**£**
21,835
121,022| |---|---|---|---|---| |||||142,857| |||||142,857| |||||18,577
124,280| |||||142,857| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 19 November 2024 Mr A Harrington **Chairman** Company registration number 5600161 (England and Wales) - 12 - ## **TIN ARTS LIMITED** ## **STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Notes**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**24**
**Investing activities**
Proceeds from disposal of tangible fixed
assets
Investment income received
**Net cash generated from investing activities**
**Net cash used in financing activities**
**Net increase/(decrease) in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
1,320
882|**£**
91,416
2,202
-
93,618
110,569
204,187|**2023**
**£**
-
41|**£**
(90,565)
41
-
(90,524)
201,093
110,569| |---|---|---|---|---| - 13 - _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **1 Accounting policies** ## **Charity information** TIN Arts Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Old School House, Front Street, Framwellgate Moor, Co. Durham, DH1 5BL. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. In particular, the Trustees have considered the Charity's various income streams and have resolved that the Charity is not overly reliant on one main funder or one key activity as the charity is continuously looking to develop its offering of projects, activities and programmes offered to the community. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. - 14 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |Leasehold land and buildings|20% Straight line| |---|---| |Plant and equipment|25% Reducing Balance| |Fixtures and fittings|25% Reducing Balance| |Computers|25% Reducing Balance| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 15 - _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **1 Accounting policies** ## **(Continued)** ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 16 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **2 Income from donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
4,158
3,405
Grants receivable
206,318
182,604
210,476
186,009|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
7,563
963
-
388,922
86,584
272,383
396,485
87,547
272,383|**Total**
**2023**
**£**
963
358,967| |---|---|---| |||359,930| ## **3 Income from charitable activities** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Sales within charitable activities|222,047|183,402| |**4**|**Income from investments**||| |||**Unrestricted**|**Unrestricted**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Interest receivable|882|41| |**5**|**Other income**||| |||**Restricted**|**Restricted**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Net gain on disposal of tangible fixed assets|263|-| - 17 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **6 Expenditure on charitable activities** |**Direct costs**
Staff costs
Depreciation and impairment
Project Management
Resources
Freelance Artists
Specialist Support
Advertising
Sundry expenses
Venue Hire
Travel
**Share of support and governance costs (see note 7)**
Support
Governance
**Analysis by fund**
Unrestricted funds
Restricted funds|**2024**
**£**
221,067
5,199
63,284
13,182
72,712
-
5,845
3,776
15,269
19,736
420,070
101,193
58,096
579,359
392,371
186,988
579,359|**2023**
**£**
196,124
7,284
59,993
15,536
81,351
325
8,738
1,492
7,374
25,431| |---|---|---| |||403,648
93,929
59,368| |||556,945| |||278,365
278,580| |||556,945| - 18 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **7 Support costs allocated to activities** |Staff costs
Printing and stationery
Staff training
Rent
Property repairs
Insurance
Traveling
Postage and delivery
Telecommunication
Sundry costs
Governance
**Governance costs comprise:**
Staff costs
Accountancy
Legal and professional
Bank charges|**Total**
**2024**
**£**
53,101
2,725
100
31,168
2,129
3,302
4,429
533
2,369
1,337
58,096
159,289
**2024**
**£**
51,112
3,180
3,664
140
58,096|**Total**
**2023**
**£**
51,529
3,735
471
25,418
2,443
2,667
3,904
178
2,177
1,407
59,368| |---|---|---| |||153,297| |||**2023**
**£**
49,589
2,100
7,567
112| |||59,368| Staff support costs relate to wages paid to employees whose duties are to carry out operational and administration activities that support the day to day running of the charity. Staff governance costs relate to portions of wages paid to employees whose duties include administration activities in relation with strategic planning and governing of the charity. The time spent by these employees on these activities is allocated to governance costs. - 19 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**8**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for other financial services
Depreciation of owned tangible fixed assets
Profit on disposal of tangible fixed assets
**9**
**Auditor's remuneration**
Fees payable to the charity's auditor and associates:
**For other services**
All other non-audit services
**10**
**Trustees**|**2024**
**£**
2,760
5,199
(263)
**2024**
**£**
2,760|**2023**
**£**
2,100
7,284
-| |---|---|---| |||**2023**
**£**
2,100| |||| Trustees Claire Defty, Paul Wilson and Teresa Chaytor received remuneration during the year wholly relating to their employment with the charity. Total remuneration amounted to £126,665. The highest paid trustee received a total of £48,883 during the year. No expenses or benefits other than stated above were paid to trustees during the year. ## **11 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
15
**2024**
**£**
298,186
20,575
6,519
325,280|**2023**
**Number**
15| |---|---|---| |||**2023**
**£**
272,605
19,003
5,634| |||297,242| There is no employees whose annual remuneration was more then £60,000. - 20 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **12 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **13 Tangible fixed assets** |**Leasehold land**
**and buildings**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**£**
**£**
**Cost**
At 1 April 2023
3,878
12,974
8,526
19,568
Disposals
-
-
-
(1,440)
At 31 March 2024
3,878
12,974
8,526
18,128
**Depreciation and impairment**
At 1 April 2023
3,878
3,437
8,280
7,516
Depreciation charged in the year
-
1,997
62
3,140
Eliminated in respect of disposals
-
-
-
(383)
At 31 March 2024
3,878
5,434
8,342
10,273
**Carrying amount**
At 31 March 2024
-
7,540
184
7,855
At 31 March 2023
-
9,537
246
12,052|**Total**
**£**
44,946
(1,440)| |---|---| ||43,506| ||23,111
5,199
(383)| ||27,927| ||15,579| ||21,835| The asset disposal relates to camera equipment stolen in a break-in at the premises of TIN Arts in November 2023. The camera equipment was originally bought as part of the grant from Children in Need. Charity received insurance money for the stolen cameras of £1,319.96. |**14**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**2024**
**£**
34,527
6,405
40,932|**2023**
**£**
53,122
7,389| |---|---|---| |||60,511| - 21 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **15 Creditors: amounts falling due within one year** |**Notes**
Other taxation and social security
Deferred income
**16**
Trade creditors
Other creditors
Accruals and deferred income
**16**
**Deferred income**
Other deferred income
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024
**17**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**2023**
**£**
**£**
7,184
5,074
32,329
34,386
6,158
411
23,322
1,263
8,530
8,924
77,523
50,058
**2024**
**2023**
**£**
**£**
32,329
34,386
**2024**
**2023**
**£**
**£**
32,329
34,386
34,386
124,456
(34,386)
(103,770)
32,329
13,700
32,329
34,386
**2024**
**2023**
**£**
**£**
6,519
5,634| |---|---| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. - 22 - _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **18 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. ||**At 1 April 2023**|**Incoming**|**Resources**|**At 31 March**| |---|---|---|---|---| |||**resources**|**expended**|**2024**| ||**£**|**£**|**£**|**£**| |Ballinger Charitable Trust|-|6,667|(6,667)|-| |Children's Heart Unit fund|-|43,431|(43,431)|-| |Durham County Council|-|20,055|(20,055)|-| |The Big Give Arts for Impact Campaign|-|3,405|-|3,405| |Children in Need|18,577|263|(4,384)|14,456| |Sir James Knott Trust|-|10,000|(10,000)|-| |North East and North Cumbria Congenital||||| |Heart Disease Network (NENC CHD Network)|-|21,146|(21,146)|-| |St Oswald's Hospice|-|12,150|(12,150)|-| |Tyne and Wear Archives and Museums|-|36,155|(36,155)|-| |D'Oyly Carte Charitable Trust|-|3,000|(3,000)|-| |Arts Council England - Pilot Partnership Project|-|30,000|(30,000)|-| ||18,577|186,272|(186,988)|17,861| - 23 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**18**|**Restricted funds**||||**(Continued)**| |---|---|---|---|---|---| ||**Previous year:**|**At 1 April 2022**|**Incoming**|**Resources**|**At 31 March**| ||||**resources**|**expended**|**2023**| |||**£**|**£**|**£**|**£**| ||Tyne & Wear and Northumberland Community||||| ||foundation|-|11,260|(11,260)|-| ||NHS North of England|-|101,055|(101,055)|-| ||Ballinger Charitable Trust|-|14,391|(14,391)|-| ||Arts Council England, Ambition for Excellence|-|13,050|(13,050)|-| ||Children's Heart Unit fund|-|45,661|(45,661)|-| ||Durham County Council|-|10,000|(10,000)|-| ||County Durham Community Foundation|-|22,387|(22,387)|-| ||Children in Need|24,774|-|(6,197)|18,577| ||Sir James Knott Trust|-|10,000|(10,000)|-| ||The Children's Foundation|-|8,081|(8,081)|-| ||Arts Council England (Digital Intern)|-|8,000|(8,000)|-| ||Middlesbrough Council|-|13,100|(13,100)|-| ||North East and North Cumbria Congenital||||| ||Heart Disease Network (NENC CHD Network)|-|5,849|(5,849)|-| ||St Oswald's Hospice|-|2,160|(2,160)|-| ||Tyne and Wear Archives and Museums|-|7,389|(7,389)|-| |||24,774|272,383|(278,580)|18,577| - 24 - _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **18 Restricted funds** ## **(Continued)** ## **Tyne & Wear and Northumberland Community Foundation** Growth and Resilience Fund to enable TIN Arts to undertake business modelling researching ‘a better home’. The main aim of the project is to be better informed and if appropriate, to be ready to launch a capital development fundraising campaign. ## **NHS North of England** Funding for the South Tees Arts Programme (STAR) which involved addressing health inequalities with young people through dance engagement in partnership with a range of delivery organisations and stakeholders, working together in Teesside in areas of most deprivation. ## **Ballinger Charitable Trust** Funding to support the Emerging Young Dancers’ Programme, a talent development project for dancers with a learning disability or who are autistic, aged 11-18 years, drawn from across the North East. ## **Arts Council England, Ambition for Excellence** Funding to support the Talent Hub, a pioneering professional development programme for talented dancers with a learning disability, autism and / or additional needs aged 18 years and above from the North East and Yorkshire. The Talent Hub was delivered in partnership with Yorkshire Dance and Inclusion North. ## **Children’s Heart Unit Fund – CHUF** Funding to support the Clown Doctors programme at The Freeman Hospital and online with Very Special Meetings. These programmes offer an impartial way of entertaining, supporting and empowering children and young people in hospital and with child outpatients in the community who may be struggling with fear, boredom, loss of control and other insecurities. ## **Durham County Council** Funding received supported: IncludFEST, an inclusive accessible outdoor arts festival for d/Deaf and disabled children, young people and families. The development phase of County Moves, a project to identify how with training and support, increased access to dance provision could be developed within County Durham community localities. ## **County Durham Community Foundation** Funding to support: IncludFEST, an inclusive accessible outdoor arts festival for d/Deaf and disabled children, young people and families. The Community Champions project. In this project TIN Arts employed Community Champions, who were adults with a learning disability, to test and pilot a new way of promoting positive messages around physical and mental health and wellbeing with people in the community with a learning disability or who are autistic. ## **The Big Give Arts for Impact Campaign** Between 19-26 March 2024, TIN Arts took part in The Big Give Arts for Impact Campaign. The donations received as part of The Big Give Campaign will be used from April 2024 onwards to enhance events produced in the 25th year of TIN Arts, with the aim of showcasing the high quality art that is created and performed by people who train with TIN Arts. - 25 - _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **18 Restricted funds** ## **(Continued)** ## **Children in Need** Funding received from Children in Need on behalf of the DCMS Youth Investment Fund supported the purchase of equipment and resources to deliver on the Fund’s main aim i.e., to create, expand and improve local youth facilities and their services, in order to drive positive outcomes for young people, including improved mental and physical wellbeing, and skills for life and work. ## **Sir James Knott Trust** Funding received supported the core costs of TIN Arts. ## **The Children’s Foundation** Funding to support the Clown Doctors programme at The Great North Children’s Hospital. This programme offers an impartial way of entertaining, supporting and empowering children and young people in hospital who may be struggling with fear, boredom, loss of control and other insecurities ## **Arts Council England (Digital Intern)** Funding received from Arts Council England’s Digital Culture Network, in partnership with Google Arts and Culture, to support a 12 week internship programme. In this programme TIN Arts employed an intern who worked with the Charity to create a digital collection celebrating the local community. ## **Middlesbrough Council** Funding from the Creative Health South Tees Programme supported an inter-generational pilot whose aim was to improve the physical and mental wellbeing of participants and to improve inter-generational relationships. Tiny TINs sessions which use music and yoga-based techniques were delivered in Teesside. In the sessions, pre-school children took their first dance steps with their grown-up helpers. ## **North East and North Cumbria Congenital Heart Disease Network (NENC CHD Network)** Funding to support the devising and production of a new short film, sharing the stories and voices of young people with lived experience of congenital heart disease. ## **St Oswald’s Hospice** Funding to support the Clown Doctors programme at St Oswald’s Hospice. This programme offers an impartial way of entertaining, supporting and empowering children and young people in hospice settings who may be struggling with fear, boredom, loss of control and other insecurities. ## **Tyne and Wear Archives and Museums** Funding for the South Tees Arts Programme 2 (STAR2) which involved addressing health inequalities with young people through dance engagement in partnership with a range of delivery organisations and stakeholders, working together in Teesside in areas of most deprivation. ## **D’Oly Carte Charitable Trust** Funding to support a Summer School, providing an intensive dance programme for disabled and nondisabled children and young people in 2023. - 26 - _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **18 Restricted funds** ## **(Continued)** ## **Arts Council England – Pilot Partnership Project with Perform[d]ance** Dance for, by and with Children and Young People with a view to developing further cultural ties and activities in the future. The key activity was the exchange of specialist youth dance professionals, to learn, share and network with one another. ## **19 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 April 2023**|**At 1 April 2023**|**Incoming**|**Resources**|**Transfers**|**At 31 March**| |---|---|---|---|---|---|---| ||||**resources**|**expended**||**2024**| |||**£**|**£**|**£**|**£**|**£**| |Arts Council NPO Funding||-|202,952|(174,358)|(28,594)|-| |General funds||124,280|230,453|(218,013)|28,594|165,314| |||124,280|433,405|(392,371)|-|165,314| |**Previous year:**|**At 1 April 2022**||**Incoming**|**Resources**|**Transfers**|**At 31 March**| ||||**resources**|**expended**||**2023**| |||**£**|**£**|**£**|**£**|**£**| |General funds||131,655|270,990|(278,365)|-|124,280| |**Analysis of net assets between**|**funds**|||||| |||||**Unrestricted**|**Restricted**|**Total**| |||||**funds**|**funds**|| |||||**2024**|**2024**|**2024**| |||||**£**|**£**|**£**| |**At 31 March 2024:**||||||| |Tangible assets||||2,442|13,137|15,579| |Current assets/(liabilities)||||162,872|4,724|167,596| |||||165,314|17,861|183,175| ## **20 Analysis of net assets between funds** - 27 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**20**|**Analysis of net assets between funds**|||**(Continued)**| |---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Total**| |||**funds**|**funds**|| |||**2023**|**2023**|**2023**| |||**£**|**£**|**£**| ||**At 31 March 2023:**|||| ||Tangible assets|3,258|18,577|21,835| ||Current assets/(liabilities)|121,022|-|121,022| |||124,280|18,577|142,857| ## **21 Financial commitments, guarantees and contingent liabilities** In 2021, litigation was brought about by a third party in relation to employment law. This litigation was resolved in August 2023 in favour of TIN Arts Limited. ## **22** Operating lease commitments ## **Lessee** At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Within one year|5,535|5,040| ## **Lessor** The operating leases represent the rentals payable in respect of the charity's premises. The lease is reviewed annually each April and can be cancelled by either party at any time with a notice period of 3 months. ## **23 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). - 28 - ## **TIN ARTS LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**24**
**Cash generated from operations**
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in debtors
Increase/(decrease) in creditors
(Decrease) in deferred income
**Cash generated from/(absorbed by) operations**|**2024**
**2023**
**£**
**£**
40,318
(13,572)
(882)
(41)
(263)
-
5,199
7,284
19,579
16,153
29,522
(10,319)
(2,057)
(90,070)
91,416
(90,565)| |---|---| ## **25 Analysis of changes in net funds** The charity had no material debt during the year. - 29 -