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2023-03-31-accounts

Charity number: 1196665

WE ARE UNLIMITED ARTS CIO

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

31 MARCH 2023

HPH Chartered Accountants 54 Bootham YORK YO30 7XZ

WE ARE UNLIMITED ARTS CIO CONTENTS FOR THE PERIOD ENDED 31 MARCH 2023

Page
Foreword from the Director 1 - 2
Trustees' Annual Report 3 - 23
Independent Auditor's Report 24 - 27
Statement of Financial Activity 28
Balance Sheet 29
Statement of Cash Flows 30
Notes to the Financial Statements 31 - 44

Foreword from Director

In early 2022, we began our first year of operations as We Are Unlimited Arts. Having run as a programme for nine years, we became an independent not-for-profit Charitable Incorporated Organisation (CIO) This has been a period of much transition and growth.

In the 10 years of our existence, as both a programme and an independent organisation, we have commissioned over 505 artists across a range of artforms, awarded over £5.8 million and reached audiences of over 5 million.

In our first year as a CIO, we continued our core work whilst building and developing a new team structure, organisational policies, practices and systems. We have developed a geographically dispersed team working remotely across the country with a hub in Wakefield.

We’ve adopted a hybrid digital-first approach across the delivery of all our programme strands; COMMISSION, DEVELOP, SUPPORT, CONNECT and CHANGE. Our organisational culture supports remote-board and management meetings, and fully online and digital office-based systems.

We’ve also gratefully retained funding relationships with Arts Council England (ACE), Arts Council of Wales and Creative Scotland. We’ve developed a significant relationship with British Council and gained four years of support from Paul Hamlyn Foundation – a real achievement in these complex and difficult times.

One of the key aims of this initial year was to gain appointment to Arts Council England’s National Portfolio and become an NPO (National Portfolio Organisation). In November 2022, ACE announced 990 NPO’s and Investment Principles Support Organisations (IPSOs) with a budget of £446 million, which included 276 new organisations. We gained NPO at £1 million per annum, making us one of only 75 NPOs to receive £1 million and more. This makes us the highest funded disabled-led NPO in the portfolio.

There are 32 disabled-led organisations (3.2%) in the portfolio who gain £7.25m per annum, £21.7m over three years, just 2% of the total NPO budget. Of these, 19% are awarded £100k and under; 53% £101-£250k; 25% between £251k-£500k and only 3% over £750k

I would like to thank and acknowledge the support of all our artists, funders, partners, staff, freelancers, and audiences without whom none of our work would be possible. They make us who we are.

A summary of our first year of activity includes:

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The following sections of this report set out further details of our activities and financial performance.

Jo Verrent, Director

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WE ARE UNLIMITED ARTS CIO TRUSTEES’ ANNUAL REPORT FOR THE PERIOD ENDED 31 MARCH 2023

Objectives and activities

Unlimited is an arts commissioning body that supports, funds and promotes new work by disabled artists for UK and international audiences. Our main operational activities and those we aim to help are described below.

All our charitable activities focus on our objects, found in our constitution, which are for the public benefit:

Charitable vision

“Unlimited exists to commission extraordinary work from disabled artists until the whole of the cultural sector does. This work will change and challenge the world.”

Charitable aims

Establish Unlimited as the leading independent commissioning organisation for disabled artists working to achieve nationally significant sector development in inclusive practices.

We achieve this through focussing on 5 strands of activity:

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We commission work from disabled artists to change the sector. We develop, support and connect disabled artists to the sector. We develop and connect the sector to disabled artists to remove barriers and ensure that any change is embedded and sustainable.

Our values

Our values govern all that we do, underpinning our approach to all elements of our work.

Context

We work within the context of the UK arts sector, having funding relationships with Arts Council England, Arts Council of Wales and Creative Scotland. During this first year of activity, we have developed a significant relationship with British Council focusing on arts projects pairing UK disabled artists with those in ODA countries. We’ve also gained four years of support from Paul Hamlyn Foundation for the Support strand of activities.

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Feedback from our Arts Council England NPO's assessment:

Each funder has its own strategic direction, and we in particular respond to Arts Council England’s goals as expressed within their strategy document, Let’s Create. This is their 10-year strategy to ensure England becomes a country where everyone has access to a remarkable range of high-quality cultural experiences. The strategy identifies three outcomes and four investment principles all of which we deliver and respond to:

Our objectives and activities for the year were focussed upon delivery of our committed programme responding to disabled artists’ needs and the needs of the arts, creative, and cultural industries. As we are new, this is the first point where the trustees can formally review our aims, objectives, and activities. This review looks at our achievements and the outcomes of our work in the reporting period. The trustees have therefore reviewed the success of each key activity, and the benefits we have brought to those groups of people that we are set up to help. The review also helps the trustees ensure our aims, objectives, and activities remain focused on our stated purposes. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives, and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

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Our financial statements don’t include the intangible benefit from the hours given by our trustees to our governance and management. We record our sincere appreciation for this benefit.

Achievements and performance for the year ended 31 March 2023

Our main activities, achievements and outcomes are described below. All our charitable activities focus on delivering our strategic mission and aim and are carried out to further our charitable purposes for the public benefit. The report sets out key achievements delivered through the main areas of activity under our strand headings identified above.

COMMISSION:

Commissioning artists is our primary function. We made 57 commission awards to 91 disabled artists, having estimated a target of 55 for the period.

These artists were as follows:

Partner awards, partner organisations and region

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International awards

British Council micro awards Round 3

British Council micro awards Round 4

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Strategic – Collaborative Touring Network micro awards

Strategic - Leeds 2023

Wakefield micro awards

Each award round was openly publicised for anyone meeting the criteria to apply, except strategic commissions. Decisions were determined by disabled-led selection panels, with a proportion of panel members also openly recruited. The remainder were linked to the partners engaged in the process. For partner and international awards, these panels were independent of all Unlimited staff.

Award decisions were published on our website and amplified via our social media. Details published include extensive equalities data on those who applied, were shortlisted (where applicable) and awarded, where this is possible within the bounds of GDPR legislation.

For example, the data for our partner and international awards shortlist was as follows:

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Our strategic awards are designed to fill identified gaps in our award making. Our 8 strategic micro commissions with Collaborative Touring Network (CTN) were all in partnership with organisations in locations which are either defined as Priority Places or Levelling Up for Culture places – designated by Arts Council England and the Government respectively for being underserved with arts provision. Our larger scale strategic award with Leeds 2023 is part of our strategic commitment to be part of key cultural calendar moments within the UK. Our 10 micro awards made to disabled artists living/working in Wakefield is the first part of our extension into placebased activity in our new home.

A number of the above were awarded in the last quarter of the year. Through the year, previous commissioned artists were completing their commissions process with us and beginning their initial touring journey. These are the artists and companies that were still within their contract period within the year ending 31 March 2023.

Main commissions, partner organisation and region:

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Research and development awards:

Emerging awards:

Strategic: Empire award

A larger percentage than expected of previously commissioned work continued to tour.

The impact of work continued to make itself felt, with work gaining placement in showcases, gaining awards, and increasing its visibility. We achieved 123,422 audiences for live events and 253,849 audiences for broadcast, online, or literature. This was significantly higher than expected - we had anticipated these as being 3,730 and 15,000 respectively. During this period, we added a new part time role to our team; an Artist and Audience Data Coordinator to track this data more consistently.

Examples of impact from awards was tracked within our ‘added value’ listing which is presented to the Board at full Board meetings. This includes the following:

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In our ‘added value’ listing, we additionally track the impact on artists and their career trajectories. This includes:

Overall, in the 10 years of our existence as both a programme and an independent organisation, we have commissioned over 505 artists, awarded over £5.8 million and reached audiences of over 5 million.

DEVELOP:

This is our strand to ensure improved routes of direct support and engagement for disabled artists, both awarded and shortlisted, and organisations we are working with on Partner Awards.

For artists we were able to award a total of 31 bursaries of £1,500 each to develop/upskill an area of their practice. Alongside this, there were 8 smaller development bursaries of £500 for artists to improve an area of their website or online presence.

We orchestrated a visit to No Limits Festival in Berlin. For this, alumni artists were asked to apply with a short supporting statement answering how and why this development opportunity to attend would impact their professional practice. From the 35 applications received, 9 were chosen, each of whom had outlined a direct connection between the work at No Limits and their practice. Two team members and 1 external panellist made the selection. The panel was 100% disabled and LGBTQIA+ led and included one person from the global majority. The artists selected were: Clare and Lesley, Christopher Samuel, Aby Watson, Emily Beany, Estabrak, Hassun ElZafar, Nye Russel Thompson (Stammer Mouth) and Priya Mistry (Whatsthebigmistry).

Of these disabled artists, 44% are from the global majority and 67% identified as LGBTQIA+.

“I just wanted to say thank you so much for the way you were supportive and all the prep you did to make the trip inclusive and supportive. It was a really incredible week.”

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Our plans to develop a more holistic evaluation process were slowed as we pivoted this to our Support strand, along with our peer-topeer activity. Evaluation change will occur in 2023/4 instead.

We have worked in partnership to support Estabrak to show their Unlimited commission at ONCA, Brighton and to enable Dolly Sen to launch their book at Wellcome Collection, London. For organisations, the establishment of a partners’ cohort to ensure maximum learning from the partnership process has occurred with peer-to-peer sessions being actively attended.

CONNECT:

This strand covers both our ally and Connects programmes. Our allies are organisations across the cultural sector who have committed to working with us. The task is to increase the level of disabled-led art being programmed, produced and commissioned, across the UK and internationally. For us, allies come in all shapes and sizes – from local to international, from a team of 5 to an organisation of 100. The key is that we are working to create meaningful opportunities for disabled artists. We are committed to sharing our practice, failures and success. We’ll support cultural organisations to develop their skills, so that they can present the work of disabled artists in the best possible way. During this period, work was undertaken to clarify the offer and recruit our first wave of allies using a tiered approach with a range of timescales and levels of commitment. The different levels represent the commitment to work together on programming and/or commissioning disabled artists, ways from which we can all benefit. Our current allies and tiered levels can be seen below:

Tier one (organisations we’re working with for 12 months):

Tier two (organisations we’re working with for 2 years):

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Tier three (organisations we’re working with on long term strategic partnerships):

Our events in this strand are where we link artists and people who work in sector organisations through both physical and online gatherings. We committed to, and delivered, 4 events in this period: physical events linked to Edinburgh Festival Fringe and Southbank Centre’s Unlimited Festival, and online events linked to the sector and our newly commissioned artists. Core to our Connect function is the brokering of relationships between artists and the sector. We anticipated 20 positive outcomes from such linkages and achieved a confirmed minimum of 13.

Also within this strand is the delivery of our elements linked to the Southbank Centre’s Unlimited Festival. Here we aimed to showcase 25-30 current commissions/artists in September 2022. We achieved 23– and ran a significant programme of work across five days to build knowledge and skills with 50 international delegates from 22 countries including from across Europe and Overseas Development Assisted countries: Australia, Bangladesh, Brazil, Cuba, Germany, Greece, Indonesia, Ireland, Italy, Lithuania, Malaysia, México, Nepal, Netherlands, Peru, Poland, Singapore, Spain, Sweden, Thailand, Turkey, Venezuela. This included hosting 3 international disabled artists: Estela Lapponi from Brazil, WonYoung Kim from South Korea and Hana Madness from Indonesia, in London to exchange perspectives. Each artist was supported by an access worker and was given a bespoke delegate experience throughout their placement. This involved delegate packs and bookings to suit their interests, additional access support and a key contact throughout their stay.

Our festival plans were impacted by the death of Queen Elizabeth II, which occurred mid festival. This resulted in the cancelation of three pieces of festival work felt to be inappropriate, including one of our commissions.

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CHANGE:

Our Change strand focuses on making impact in the sector. Key to this is the creation and dissemination of resources. This year saw a revamp of our resources as we moved them to our new independent website to enable us to better track activity. In addition, resources were shared via other organisations both within the UK and globally. For example:

We continued disseminating our Cards for Inclusion game. We sent out over 30 packets, distributed another 30 at events, and the game is available for download from our website. We continue to run training sessions using the Cards, for example with Grimsby Creates, and they were used at Women of the World festival in Istanbul. They are being used as part of the process to develop a new app for outdoors which invites children to play, learn and connect with nature for an educational charity.

We are working with a team, under the direction of Viviana Flores Rayo in Chile, to develop a Spanish language set with 3 disabled artists to re-make the illustrations. The artists are Nemias Tanchiva from Perú, Tania Sánchez from México and Pedro Marrero from Venezuela. The project will include a short documentary video of the development process to be available in Spanish and English to support further Cards for Inclusion development globally.

During this period, we developed resources for our first campaign, Nothing For Nothing aimed at reducing the exploitation of disabled people within the cultural sector. This included running a survey which has 335 respondents to date and hosting physical events at Edinburgh Festival Fringe, Southbank Centre’s Unlimited Festival, Bounce Festival in Belfast plus online sessions with What Next? And Disability Arts Cymru.

Feedback from an attendee at the What’s Next? Session:

“It was excellent! I thought the discussion was well paced (not frenetic) and engaging. There was loads of participation in the chat. And… as a result we realised we need to overhaul our own practice. For example, we give stipends to our freelance advisors, but we don’t adjust for access costs - which we will change. We are going to ask all our colleagues with lived-experience of disability what costs they are absorbing when they work with us. We’re also discussing doing fewer UK meetings and paying people more. So huge immediate impact just on us."

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One of our international delegates attending the festival session stated:

“One session that really caught my attention was [Something for Nothing], because I realised that in many parts of the world the work of people with disabilities is underestimated, they see it as charity, which is definitely not the purpose of our artistic work. I completely agree that this spaces for discussion should be opened where solutions can be found to these dilemmas.”

We created two initial resources: a written one for organisations which was developed in partnership with GUILD, East Street Arts and piloted with Babeworld, Contemporary Other, Kaleider, Mafwa Theatre and Span Arts, and a video one for individuals. The campaign launched in April 2023.

We continued public speaking/article writing from several individuals within the team at and in a wide variety of events and publications. Examples include authoring an article on Ableism for Arts Professional, which made their top 10 for 2022, and co-curating a strand on Inclusion and Relevance for 'Let's Debate' - a sector-wide conversation exploring how the sector develops creativity and culture commissioned by Arts Council England and produced by Mediale.

SUPPORT :

The Support strand was a new development in this period and initial activity was focused on creating its boundaries, processes and protocols.

We undertook 6 alumni artist interviews in 2022/23 and ran peer-to-peer sessions with 49 participants over three sessions. Two of these were virtual and 1 physical, with all artists paid to attend.

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We developed the process through which we award hardship grants and awarded the first 2 in this period. We also recruited a new lead for this new strand.

Plans for the future

Our plans for the future are to continue serving our mission. The aim of Unlimited is not to be needed.

We wish to make change in practice within the cultural sector and society at large, to the extent that disabled people no longer meet barriers or experience discrimination. We don’t know exactly how long this process will take, since much of it depends on other factors; for example, ongoing austerity measures and the global Covid pandemic - to name just two - have set back disability equality exponentially. Currently, we are working on an assumption that this will take a minimum of 10 years and so aim to work through a threestage cycle across that period:

The time frames required for each stage are provisional at this early stage and will be reassessed annually.

The first period focuses on stage one, to stabilise and solidify. Transitioning into independence and running for our first full year has seen a period of change and rapid prototyping. We’ve been developing the best systems possible for a flexible, adaptable, accessible, inclusive, intersectional organisation. It’s also seen a rapidly changing world as we live through unprecedented times in relation to a global pandemic, Brexit, austerity, the war in Ukraine, the energy and cost of living crises, and more.

Through the next three-year period, the aim is to stabilise our systems, models, processes and procedures. We also aim to solidify the organisation as a new Arts Council England NPO (National Portfolio Organisation), setting how we do what we do across the organisation.

This will include positioning Unlimited as a sector leader in relation to being a disabled-led organisation and commissioning disabled artists. We’ll still iterate and develop all aspects of our delivery and operations. But we’ll do this more slowly, holding strong to our action research approach, which allows us to test and reflect on options before adopting them and sharing them sector-wide.

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Volunteers

We don’t use volunteers. We believe that, where possible, work should be paid or, as a minimum, some benefit should be exchanged. This is at the heart of our Nothing For Nothing campaign to challenge the exploitation rife within the cultural sector and which particularly manifests with disabled people. However, as required by the Charity Commission, our Board are volunteers and only claim expenses for board-related activity.

Principle risks and uncertainties

We have an active risk register, which is monitored across 9 areas and details risks and mitigations. The Board sees the register quarterly and the top risks and mitigations are discussed. In the latest iteration (April 2023), the top risks were as follows:

Area : Overall - Unlimited fails to comply with NPO admin

Area : Staffing - Unlimited staff become ill/ Capacity of team is stretched

Area : Commissions Process / Artists - Strategic partners/Partners for awards unable to invest

Area : Operational – Commissioning - Dissemination of commissions does not meet expectations

Area : Management and Governance - Document archiving not undertaken / Use of CRM organisation wide / Data protection processes not followed

The trustees take an anticipatory approach to risk management, especially in relation to finance, scanning ahead for factors likely to impact on the financial position and performance of the organisation going forward; for example, aiming for multi-year funding agreements from funders where possible. Steps have been taken to limit financial vulnerability where possible.

In addition, our core funder, Arts Council England, awards each NPO a risk rating quarterly. This is a numerical score between 2 (lowest) and 11 (highest). Our first rating is 3.

Financial review

In the period ended 31 March 2023, we had incoming resources of £2,596,524, of which £2,545,139 were restricted funds, and expenditure of £1,926,650, of which £1,904,444 related to restricted funds. The total reserves at the period end were £669,874, of which £635,463 were restricted funds. As such, free reserves, after allowing for restricted funds and fixed assets, are £26,325.

Our principle funding for the year ending 31 March 2023 was a £750,000 project grant from Arts Council of England (covering the period Jan 2022 – March 2023). In addition, we began the year with confirmed funding from Arts Council of Wales and Creative Scotland (£60,000 per annum, from each).

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During the year, we gained significant additional funding from British Council (£1,125,000 over two years) which meant we were able to thread international work through all our strands rather than ‘bolt it on’ to our activity. Our Support strand was made possible thanks to additional funding achieved from Paul Hamlyn Foundation for four years (£70,000 per annum).

Looking ahead to 2023/34, we’ve consolidated our position within the sector. This is recognised by us gaining Arts Council England National Portfolio support at £1 million per annum for three years and with Arts Council Wales and Creative Scotland both increasing their financial offer to us (to £80,000 and £90,000 respectively).

Reserves policy

The trustees acknowledge that reserves are necessary to bridge the gap between the spending and receiving of resources and to cover unplanned emergency expenditure – for the organisation and in relation to commission activity. The trustees consider that the ideal level of free reserves would equate to a minimum of 3 months’ running costs and therefore be in the region of £50,000.

As a new organisation, starting from a zero-reserve position, it is also understood that it will take time for Unlimited to build up to this level of reserves. Unlimited’s current level of free reserves at the end of the reporting period are £26,325. Financial details on these funds, including specifics of what is held where, what is restricted, and what is held for what purpose, can be found in the financial information in this report.

Whilst our reserves are minimal at this point, the balance sheet remains strong due to the number of funders investing in our activities, with a high proportion of these providing funds early. Given our regular reforecasting processes, the trustees consider Unlimited to be a sound going concern.

The trustees are fully aware that the limited free level of reserves, together with the current economic and political climate, may prove challenging in the years to come. The trustees have plans in hand to address this situation, supporting investment of funds received in advance and prioritising earned income to slowly accumulate further reserves from this point until the minimum preferred level is obtained.

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Structure, governance and management

Governing Document

We are a Charitable Incorporated Organisation, registered as a charity on 19 November 2021. We were established as a CIO under a constitution which set our objects and powers as a charity. Our registered name is We Are Unlimited Arts. The constitution has not been reviewed during the period as it’s less than three years old. The trustees were appointed after the Charity Governance Code was updated in December 2020, hence, we have been set up to be compliant with the code from becoming a charity.

All trustees give their time voluntarily. Where any receive benefit from us, this is duly and correctly recorded (several our trustees are disabled artists). We have a detailed Conflict of Interest policy outlining our procedures in this regard. Any expenses reclaimed from us are set out in the accounts.

Appointment of trustees

Members are trustees for the purpose of charity law. Under the requirements of the constitution, apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of our trustees. The first trustees have a range of terms from one year to three years to avoid all becoming due for consideration at the same time. Any person retiring as a charity trustee is eligible for reappointment and may serve for three consecutive terms. Due to the nature of our vision, we aim to ensure that the Board of Trustees is as diverse as possible in terms of disability, gender, sexual orientation, ethnicity and more.

Board meetings and devolved authority

In this period, the Board met every other month, so 6 times during the year. This format included 3 full Board meetings and 3 sets of 3-4 mini meetings where specific subjects were able to be discussed in depth. This format is changing in 2023 to meet Arts Council England reporting requirements. However, the alternation between formal and mini meetings will remain for access.

In order to ensure a broad representation of skills and experience across the board, a skills audit was carried out. This is used as a tool in providing training and recruiting new members to ensure a broad balance is maintained and the Board is able to sustain quality decision making.

In this period, the Board created two subcommittees: a Finance subcommittee and a People and Culture subcommittee. An Equality, Diversity and Inclusion subcommittee will join in 2023. All have appropriate delegated authorities and minutes of their meetings are provided to the Board. A written report is also made to the Board on any specific delegated tasks or work undertaken. Terms of reference are available and reviewed at regular intervals.

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Day to day management of operations is delegated to the Senior Management Team (SMT). In 2022/23 this comprised: Director Jo Verrent, Senior Producer Cat Sheridan, Finance Manager Melody Daniels, and Communications Manager Ranjit Atwal.

Trustee induction and training

All new trustees are given an induction which includes background information about Unlimited and access to the Board Sharepoint site, which includes a trustees' handbook, the Constitution, information regarding the role of being a charity Trustee, and all relevant meeting materials. Their access needs are noted. In 2023/24, all Board members will be asked to complete an access rider, giving parity with staff and artists. New trustees attend briefing sessions with the Chair and Director and are offered other induction support. Board members are kept up to date with key business and compliance issues, the operating environment and any relevant key changes in charity regulations. They’re also offered training opportunities as they arise.

Remuneration policy for key management personnel

Remuneration for key management personnel is based on attracting suitably qualified people for the roles whilst taking account of available funding. A full salary review was undertaken during this period with all roles benchmarked against the sector and options provided for lag, match or lead. The Board opted to take a position between match and lead. Salaries were then planned to move to this point at the end of this period, once we became an NPO. Due to successful fundraising and also to attract staff to advertised positions, we were able to adopt the salaries for all grades early. A detailed Pay and Reward scheme was developed in partnership with Narrow Quay HR and adopted. A 3% cost of living award was made across the Board in April 2023. All staff are automatically enrolled into a pension scheme, unless they chose to opt out or remain under the previous scheme. We don’t operate a bonus scheme.

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Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees’ annual report including the strategic report and the financial statements. These must be in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The laws applicable to Charities in England and Wales requires the trustees to prepare financial statements for each financial year. These must give a true and fair view of the state of our affairs and of the incoming resources and application of resources, including our income and expenditure for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose, with reasonable accuracy at any time, our financial position. These should also enable them to ensure that the financial statements comply with the applicable laws and regulations. They’re also responsible for safeguarding our assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on our website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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The trustees are members of Unlimited but this entitles them only to voting rights. The trustees have no beneficial interest in us. Members of the Board of Trustees who served during the year and up to the date of this report are set out on the Reference and Administrative page.

For the year ended 31 March 2023, Auditors HPH were recruited as our auditor during the year.

The trustees’ annual report has been approved by the Trustees on 2 August 2023 and signed on their behalf by Anna Starkey, Chair.

If you would like this information in an alternative format, please contact us.

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Reference and administrative details

Registered name of the Charity

We Are Unlimited Arts CIO

Trustees

Other working names the Charity uses

Unlimited

The Charity’s registration number

1196665

Principle office

Wakefield Market Hall Union Street WAKEFIELD WF1 3AE

Bankers

The Co-operative Bank PO Box 250 SKELMERSDALE WN5 6WT

Auditors

Senior management

Sarah Wearing, FCA, DChA HPH, Chartered Accountants Conyngham Hall Business Centre Bond End KNARESBOROUGH HG5 9AY

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEE’S OF WE ARE UNLIMITED ARTS CIO FOR THE PERIOD ENDED 31 MARCH 2023

Opinion

We have audited the financial statements of We Are Unlimited Arts for the period ended 31 March 2023 which comprise Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 21, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

26

In response to the risk of irregularities and non-compliance with laws and regulations and risk of fraud, we designed procedures which included but were not limited to: sample testing on the posting of journals, detailed substantive testing on the completeness of income, and review of trustee’s minutes.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion, or the provision of intentional misrepresentations. We are not responsible for preventing fraud and cannot be expected to detect all fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

HPH, Chartered Accountants Statutory Auditor 54 Bootham YORK

YO30 7XZ

2 August 2023

27

WE ARE UNLIMITED ARTS CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations, legacies and grants
3
Charitable activities
4
Investment income
TOTAL INCOME
EXPENDITURE ON:
Raising funds
5
Charitable activities
6
TOTAL EXPENDITURE
NET INCOME
Transfer between funds
NET MOVEMENT BETWEEN FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
CONTINUING OPERATIONS		 Unrestricted
Funds
£
27,550
15,650
8,185
51,385
-
24,206
24,206
27,179
7,232
34,411
-
£ 34,411		 Restricted
Funds
£
2,515,156
29,983
-
2,545,139
8,670
1,893,774
1,902,444
642,695
(7,232)
635,463
-
£ 635,463		 Total Funds
19 November 2021
to 31 March 2023
£
2,542,706
45,633
8,185
2,596,524
8,670
1,917,980
1,926,650
669,874
-
669,874
-
£ 669,874

Income and net movement in funds derive wholly from continuing operations.

The notes on pages 31 to 44 form part of these financial statements.

28

WE ARE UNLIMITED ARTS CIO BALANCE SHEET FOR THE PERIOD ENDED 31 MARCH 2023

Note
FIXED ASSETS
Tangible fixed assets
13
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
REPRESENTED BY
Unrestricted undesignated funds
15
Unrestricted designated funds
15
Restricted funds
16		 Unrestricted
Fund
£
8,086
8,086
9,286
19,553
28,839
2,514
26,325
34,411
£ 34,411
26,325
8,086
-
£ 34,411		 Restricted
Fund
£
-
-
227,183
1,169,701
1,396,884
761,421
635,463
635,463
£ 635,463
-
-
635,463
£ 635,463		 Total
2023
£
8,086
8,086
236,469
1,189,254
1,425,723
763,935
661,788
669,874
£ 669,874
26,325
8,086
635,463
£ 669,874

The notes on pages 31 to 44 form part of these financial statements.

Approved by the Board of Trustees on 2 August 2023 and signed on their behalf by:

…................................. Anna Starkey (Chair)

29

WE ARE UNLIMITED ARTS CIO STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2023

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations
19
Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITES
Purchase of tangible fixed assts
Interest received
Net cash used in investing activities
CHANGE IN CASH AND CASH EQUIVALENTS
IN THE REPORTING PERIOD
Cash and cash equivalents at the beginning of
the reporting period
OF THE REPORTING PERIOD
20
CASH AND CASH EQUIVALENTS AT THE END		 2023
£
1,192,261
1,192,261
(11,192)
8,185
(3,007)
1,189,254
-
£ 1,189,254

The notes on pages 31 to 44 form part of these financial statements.

30

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

1 General information

The Charity is a CIO (Charitable Incorporated Organisation) and consequently has no share capital. In the event of the Charity being wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. The Charity is registered in England and Wales (charity no. 1196665).

The address of the registered office is:

Wakefield Market Hall, Union Street, Wakefield, WF1 3AE

2 Accounting policies

a) Basis of Accounting

The Accounts have been prepared in accordance with 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 or Ireland (FRS 102) (effective 1 January 2019) - (Charites SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

We Are Unlimited Arts CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The accounts are prepared in UK Sterling and rounded to the nearest £.

b) Going Concern

The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for 12 months from signing the accounts. Therefore they believe that the going concern basis of accounting is appropriate in preparing the annual financial statements.

c) Income

Donations and legacies are accounted for when they are receivable by the Charity. Other income is accounted for on an accruals basis as far as is prudent to do so.

Donations in kind are included at their market value.

d) Grant income

Revenue grants are credited to the income and expenditure account at the time when they are entitled to the receipt. Any unspent restricted grants at the period end are carried forward as restricted funds in the balance sheet.

e) Expenditure

Grants payable are accounted for in the year in which the grant was committed to. All other expenses are accounted for on an accruals basis. Direct costs are allocated to the key strategic areas of activity, based on the 5 programme workstreams, COMMISSION, CONNECT, DEVELOP, SUPPORT and CHANGE.

31

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

2 Accounting policies (continued)

f) Taxation

As a registered charity it benefits from rate relief and is generally exempt from Income Tax and Capital Gains Tax, but not from VAT. The Charity is not registered for VAT and therefore the irrecoverable VAT is included in the cost of those items to which it relates.

g) Pension costs and other post-retirement benefits

The Charity operates a defined contribution pension scheme. Contributions payable to the Charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

h) Tangible fixed assets

Tangible fixed assets are included in the financial statements at their historical cost.

Depreciation is calculated to write off the cost of fixed assets over their expected useful lives on a straight line basis. The rates used are as follows: Computer equipment - 33.33% straight line

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and any short term deposit accounts with a maturity of three months or less from the date of opening.

k) Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Funds

The Unrestricted Funds are funds which the Trustees are free to use in accordance with the charitable objects.

Designated Funds are funds set aside by the Trustees for specific purposes.

Restricted Funds are funds which have been received by the Charity for a specific purposes other than the general objectives of the Charity. The restricted funds are analysed in note 16.

32

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

3
4
**5 **		 Income from donations, legacies and grants
Government grants
Other grants
Donations in kind
Income from charitable activities
Income from contracts
Income from recharged costs
Income from events
Expenditure on raising funds
Fundraising costs		 Unrestricted
Funds
£
11,567
4,444
11,539
£ 27,550
Unrestricted
Funds
£
10,960
-
4,690
£ 15,650
Unrestricted
Funds
£
£ -		 Restricted
Funds
£
1,986,000
529,156
-
£ 2,515,156
Restricted
Funds
£
15,723
14,260
-
£ 29,983
Restricted
Funds
£
£ 8,670		 Total Funds period
to 31 March 2023
£
1,997,567
533,600
11,539
£ 2,542,706
Total Funds period
to 31 March 2023
£
26,683
14,260
4,690
£ 45,633
Total Funds period
to 31 March 2023
£
£ 8,670

33

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

6
**7 **		 Expenditure on charitable activities
Grants to individuals
Grants to institutions (note 7)
Accessability
Artist costs
Commissions
Project development and management
Promotion and events
Other delivery costs
Support costs (note 8)
Analysis by activity is included in note 9
Grants to institutions
Artistic Development Residency
Atelier Nwando Limited
CoDa Dance Company
Compton Verney House Charity
Forma Arts and Media
Horniman Museum and Gardens
Industry Hub at Edinburgh Fringe
Jack Dean & Company
MAYK-ing Space Artist Development Residency
Southbank Centre
The Paraorchestra		 Unrestricted
Funds
£
-
-
-
64
-
-
-
-
24,142
£ 24,206
Unrestricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
£ -		 Restricted
Funds
£
135,170
80,100
39,294
84,045
968,853
3,684
39,302
218,270
325,056
£ 1,893,774
Restricted
Funds
£
7,000
1,000
500
800
3,300
3,000
10,000
2,000
4,000
28,500
20,000
£ 80,100		 Total Funds period
to 31 March 2023
£
135,170
80,100
39,294
84,109
968,853
3,684
39,302
218,270
349,198
£ 1,917,980
Total Grants period
to 31 March 2023
£
7,000
1,000
500
800
3,300
3,000
10,000
2,000
4,000
28,500
20,000
£ 80,100

34

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

**8 ** Support costs
Staff costs
Consultancy fees
Training and development
Travel and subsistance
Freelancer fees
Human resources costs
Marketing and research
Rent and rates
Telephone and internet
Insurance
Computer costs
Printing, postage and stationery
Accountancy fees
Bank charges
Independent auditors fee - audit fee
Independent auditors fee - other fees
Legal fees
Sundry costs
Depreciation
Governance costs		 Unrestricted
Funds
£
11,551
-
-
106
1,800
-
-
7,000
-
-
579
-
-
-
-
-
-
-
3,106
-
£ 24,142		 Restricted
Funds
£
169,320
57,702
12,383
8,290
12,350
9,379
18,879
-
96
2,330
16,024
2,047
3,625
326
6,600
2,640
95
953
-
2,017
£ 325,056		 Total Funds period
to 31 March 2023
£
180,871
57,702
12,383
8,396
14,150
9,379
18,879
7,000
96
2,330
16,603
2,047
3,625
326
6,600
2,640
95
953
3,106
2,017
£ 349,198

35

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

9 Analysis of expenditure on charitable activities by workstream

Expenditure on charitable activities
Grants to individuals
Grants to institutions (note 9)
Accessability
Artist costs
Commissions
Project development and management
Promotion and events
Other delivery costs
Support costs		 CHANGE
COMMISSION
CONNECT
DEVELOP
SUPPORT
£
£
£
£
£*
30,000
1,500
6,300
18,670
1,000
-
800
58,500
17,300
-
13,675
9,656
6,056
7,464
2,443
15,570
21,475
8,488
22,444
16,132
100
876,824
40,000
150
51,779
3,400
104
-
81,180
200
4,423
1,380
16,734
15,865
900
14,506
47,425
70,570
44,736
41,033
20,952
90,791
55,873
90,791
90,791
£ 102,626
£ 1,049,955
£ 262,521
£ 298,600
£ 204,278		 Total Funds period
to 31 March 2023
£
-
57,470
76,600
39,294
84,109
968,853
84,884
39,302
218,270
349,198
£ 1,917,980

*SUPPORT - This income and expenditure relates to the direct support of artists and not overhead costs (support costs) as detailed in note 8.

36

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

Staff costs
Gross salaries
Social security costs
Employers pension contributions		 Total Funds period
to 31 March 2023
£
295,699
22,096
6,412
£ 324,207

10 Staff costs

The average head count of staff employed during the year was 10.

The key management personnel of the Charitable Company comprise the Trustees and the Senior Leadership Team. The total employee benefits of the key management personnel (including employer NIC and pension costs), with only senior leadership team members being paid, were £146,887.

11 Debtors

Debtors
Trade debtors
Prepayments
Accrued income
Other debtors
Creditors
Trade creditors
Accruals and deferred income
Grants payable
Other creditors		 Unrestricted
Funds
£
1,385
-
5,081
2,820
£ 9,286
Unrestricted
Funds
£
1,125
-
-
1,389
£ 2,514		 Restricted
Funds
£
103,696
14,737
108,750
-
£ 227,183
Restricted
Funds
£
25,235
13,819
720,890
1,477
£ 761,421		 Total
2023
£
105,081
14,737
113,831
2,820
£ 236,469
Total
2023
£
26,360
13,819
720,890
2,866
£ 763,935

12 Creditors

37

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

**13 ** Tangible fixed assets
Cost:
Additions
Disposals
At 31 March 2023
Depreciation:
Charge for the year
Eliminated on disposals
At 31 March 2023
Net book values:
At 31 March 2023		 Computer
equipment
£
11,192
-
11,192
3,106
-
3,106
£ 8,086		 Total
2023
£
11,192
-
11,192
3,106
-
3,106
£ 8,086

38

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

14
**15 **		 Analysis of funds
Unrestricted funds
General funds
Designated funds
Restricted funds
Total funds
Unrestricted funds
Unrestricted funds
General funds
Designated funds		 Tangible fixed
assets
£
-
8,086
8,086
-
£ 8,086
Incoming
Resources
£
51,385
-
£ 51,385		 Current
assets
£
28,839
-
28,839
1,396,884
£ 1,425,723
Resourced
Expenditure
£
(21,100)
(3,106)
£ (24,206)		 Current
liabilities
£
(2,514)
-
(2,514)
(761,421)
£ (763,935)
Transfers
Between
Funds
£
(3,960)
11,192
7
£ 7,232		 Total
£
26,325
8,086
34,411
635,463
£ 669,874
Balance
c/f at
31/03/2023
£
26,325
8,086
£ 34,411

Funds have been designated for assets held for the use in the charity. Transfers into designated funds relate to monies spent on fixed assets in the year from restricted and unrestricted monies.

39

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

**16 ** Restricted funds
British Council - Main Grant
Shape - British Council - Micros
Shape - British Council - IETM
Arts Council Wales
Creative Scotland
Paul Hamlyn Foundation
Shape - Setup and Strategic
Shape - Access and Touring
Shape - Southbank Festival
Shape - Arts Council England - Project Continuation
Wellcome Collection
Shape - National Lottery Community Fund
Wakefield Council
Arts Council England - Transition Year
Partner Awards:
SPAN Arts
Sage Gateshead
Southbank Centre
Wellcome Collection
Level and The Arthouse
Homotopia and Marlborough Productions
Polka Theatre
Eden Court Inverness
Bristol Ideas
National Theatre Wales
An Tobar Mull Theatre
Total funds		 Incoming
Resources
£
1,125,000
99,270
5,000
60,000
45,000
70,000
29,244
21,913
21,000
151,293
15,723
4,500
6,000
750,000
7,500
15,000
7,500
36,000
5,000
12,846
19,850
7,500
7,500
15,000
7,500
£ 2,545,139		 Resourced
Expenditure
£
(592,325)
(71,617)
(5,000)
(52,500)
(15,706)
(42,953)
(18,121)
(21,913)
(21,000)
(151,293)
(15,723)
(4,500)
(6,000)
(745,366)
(7,500)
(15,000)
(7,500)
(33,231)
(5,000)
(12,846)
(19,850)
(7,500)
(7,500)
(15,000)
(7,500)
£ (1,902,444)		 Transfers
£
(2,598)
(4,634)
£ (7,232)		 Balance as at
31/03/2023
£
532,675
27,653
-
7,500
29,294
27,047
8,525
-
-
-
-
-
-
-
-
-
-
-
2,769
-
-
-
-
-
-
-
£ 635,463

40

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

16 Restricted funds cont…

Purpose of restricted fund

British Council - Main Grant

Shape - British Council - Micros

An award designed to be spent over a two-year period, although this could be extended if circumstances dictate, to enable international work across all workstreams, including 20% to cover staffing and general administration costs.

Shape - British Council - IETM

A small fund carried over from our history as a programme for international travel - for Unlimited team and others.

Arts Council Wales

Creative Scotland

Paul Hamlyn Foundation

Shape - Setup and Strategic

A four year award to develop our SUPPORT strand of activity, refine and deliver our evaluation methodology, and support our campaign element, plus a contribution to staffing/marketing and core costs of the organisation. Funds carried forward into the new organisation from Arts Council England via our previous programme lead delivery partner to support the setup of our new independent organisation and undertake strategic organisational activities.

Shape - Access and Touring Funds carried forward into the new organisation from Arts Council England, Arts Council of Wales and Creative Scotland via our previous programme lead delivery partner to support access and touring costs for our commissioned activity.

41

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

16 Restricted funds cont…

Purpose of restricted fund

Shape - Southbank Festival Funds carried forward into the new organisation from Arts Council England via our previous programme lead delivery partner to support costs associated with Southbank Centre’s Unlimited festival. Shape - Arts Council England - Awarded to WAUA to enable continuation of commissioning activities (plus work on related strands DEVELOP, Project Continuation CONNECT and CHANGE) and to continue ongoing organisational development and set up. Wellcome Collection Project grant from Wellcome Collection for a strategic project designed to introduce disabled artists to the collection and support their ongoing professional development. Shape - National Lottery Project grant extension funds carried forward into the new organisation from National Lottery Community Fund Community Fund via our previous programme lead delivery partner to enable completion of New Infrastructure Programme activity (previously a 12-month programme, granted a 3 month extension). This grant was to support development of our new organisation’s independent infrastructure. Wakefield Council Awarded to support Unlimited's funding of 10 x £1,000 micro commissions plus £2,000 access costs, as part of the development of a range of additional project work leading to 'Wakefield Districts's Year of…'. Arts Council England - Funding to support two clearly defined aims of: Transition Year 1. Establish We Are Unlimited in it's first 15 months of operation as a sector leader to commission high quality work by disabled artists. 2. Deliver a new 4 strand framework for disabled artists; COMMISSION, DEVELOP, CONNECT, CHANGE Partner Awards Awards from partner organisations to fund specific, named commissions.

42

WE ARE UNLIMITED ARTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

17
**18 **		 Trustee transactions
Owed to/(By)
Amount
Balance
£
£
The following trustees were paid for services delivered to the charity:-
Hannah Aria - Peer support session and International commission
4,575
-
1,225
1,075
Carol Edrich - Commission Officer Recruitment Panel
500
500
Related party transactions
The following related parties were paid for services delivered to the charity:-
Mayk-ing Space - Artistic Development Residency
4,000
-
Anna Starkey - Trustee in common
Disability Arts Council - Access Support Grant
700
-
Ruth Fabby - Trustee in common
The Paraorchestra - Showcasing Grant
20,000
-
Anna Starkey - Trustee in common
Ashley Cole - Review of employee contracts
95
-
Partner of a Trustee of We Are Unlimited Arts CIO
Kaleider - Research Group
2,400
2,400
The following related parties issued grants to the charity:-
Marlborough Productions - Partnership Award
4,282
-
Jocelyn Mills is a Trustee of We Are Unlimited Arts CIO and is an employee of Kaleider
Tarik Elmoutawakil is a Trustee of We Are Unlimited Arts CIO and is a Creative Director at
Marlborough
Sonny Nwachukwu - Podcast interview, development grant and peer-to-peer session
No Trustee received any remunerations or benefits by virtue of being a Trustee and no Trustees we reimbursed for any expenses during the year.

43

WE ARE UNLIMITED ARTS CIO NOTES TO THE STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2023

19
**20 **		 Reconciliation of net income to net cashflows from operating activities
Net income for the reporting period (as per the
Statement of Financials Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
Increase in creditors
Net cash flow provided by operations
Analysis of cash and cash equivalents
Cash at bank and in hand
Cash and cash equivalents amounting to £1,169,701 related to restricted funds.
Analysis of changes in net funds and analysis of net debt
Cash at bank
Total		 At 19/11/21
Cash Flow
£
£
-
1,189,254
£ -
£ 1,189,254		 2023
£
669,874
3,106
(8,185)
(236,469)
763,935
£ 1,192,261
1,189,254
£ 1,189,254
At 31/03/23
£
1,189,254
£ 1,189,254

44