Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 Company registration number: 10001549 Charity registration number: 1199408 ## Our Big Picture Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 Forrester Boyd Robson Limited 26 South Saint Mary's Gate Grimsby North East Lincolnshire DN31 1LW Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Contents** |Reference and Administrative Details|1| |---|---| |Trustees' Report|2 to 4| |Independent Examiner's Report|5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Financial Statements|8 to 19| Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ||**Reference and Administrative Details**| |---|---| |**Chairman**|David Mcleavy| |**Trustees**|Dominic Mason| ||Karen Watson| |**Charity Registration Number**|1199408| |**Company Registration Number**|10001549| ||The charity is incorporated in United Kingdom.| |**Registered Office**|Elwood Cottages,| ||17-21 Bethlehem Street| ||Grimsby| ||DN31 1JN| |**Independent Examiner**|Forrester Boyd Robson Limited| ||26 South Saint Mary's Gate| ||Grimsby| ||North East Lincolnshire| ||DN31 1LW| Page 1 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Trustees' Report** As Chair of Trustees for Our Big Picture Ltd, I am delighted to present this year’s report, covering the period 1st April 2024 to 31st March 2025. It has been a year of hard work, dedication and significant progress and a year in which the team has laid the strongest possible foundations for the future of our organisation and the communities we serve. ## **Objectives and activities** ## _**Objects and aims**_ Our Charity’s purposes are set out in the Objects contained in the Articles of Association for a Charitable Company: The Advancement of Arts, Culture and Heritage. Founded in June 2022, Our Big Picture Ltd is committed to advancing Arts, Culture, and Heritage. The charity believes in ensuring everyone has access to art and heritage in their lives, especially in historically underserved communities like North East Lincolnshire. Established in 2016 as a social enterprise, Our Big Picture offers engagement opportunities for local residents, families, and children, focusing on visual arts and heritage. Key funding from Arts Council England, National Lottery Heritage Fund, and other arts bodies enables the charity to provide these programmes free of charge. ## _**Objectives, strategies and activities**_ The most important achievement of this year has been the successful fundraising campaign for the renovation of our permanent home: the beautiful listed building on Bethlehem Street, right in the heart of Grimsby. Led with energy and vision by our Director, Paula Denton, this campaign has secured vital support from Arts Council England, the Garfield Weston Foundation, the Pilgrim Trust, the Foyle Foundation and North East Lincolnshire Council through the UK Shared Prosperity Fund. This collective backing is both a recognition of our track record and a vote of confidence in our future. These funds will not only enable the restoration of an important heritage asset but will also ensure that Our Big Picture can create an accessible, welcoming and inspiring venue for the people of Grimsby and North East Lincolnshire. We are proud that our fundraising strategy has embedded sustainability from the outset, addressing environmental responsibility, celebrating heritage and developing innovative income generation models, including the creation of an Airbnb space, which will help secure long-term financial resilience for the charity. Alongside this, we have remained committed to delivering a high-quality, community-focused artistic programme, thanks to the efforts of our programming team. Several highlights stand out this year: • The Imagine Club: sessions for children aged 7–11, sparking curiosity, creativity and joy in the next generation. • The Imaginearium: a vibrant series of projects co-created with young people aged 11–19, supporting their creativity, skills and confidence. • RE-Imagine: a programme of sessions for adults, offering accessible and welcoming opportunities to learn and develop basic art skills. Through these and other exhibitions, workshops and participatory events, we have engaged people of all ages and backgrounds in the arts and heritage of our region. These activities, alongside our fundraising success, have kept our mission alive during a transitional year and demonstrated the energy, creativity, and passion that characterise Our Big Picture. We also recognise that we have faced challenges. Capacity has been a particular issue as demand has grown, but we are responding by introducing new processes and procedures to use our time efficiently, and by working with excellent freelance specialists in areas such as monitoring and evaluation, as well as finance. Audience-building in a region of historically low engagement continues to require careful focus. We are proud to have offered a wide programme with a high proportion of free activities, ensuring accessibility, while also beginning to develop income from paid-for workshops. Looking forward, our approach will increasingly be participation-led, listening to our community, co-creating programmes and ensuring that people of all ages, from the youngest to the oldest, shape what we do. Page 2 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Trustees' Report** Looking ahead, we are filled with optimism. The coming year will see the transformation of our new home and the expansion of our programmes in ways that will bring even greater opportunities for participation, creativity and pride in place. None of this would be possible without the extraordinary commitment of our Director and team, the creativity of our artists, the generosity of our funders and partners, and the support of our local communities.c On behalf of the Board of Trustees, I extend heartfelt thanks to everyone who has contributed to this remarkable year. Together, we are shaping a vibrant, sustainable and inspiring future for the people of Grimsby and North East Lincolnshire. ## _**Public benefit**_ The acquisition and renovation of a Grade II listed building in a deprived area of Grimsby has strengthened Our Big Picture’s impact, providing stability for expanding arts and heritage programmes while fostering inclusivity. Recognised as a priority area for funding, North East Lincolnshire benefits from the charity's varied range of projects that aim to support typically underserved communities, including neurodiverse individuals, LGBTQ+ groups, disabled artists and young refugees, enhancing community well-being. The charity’s work aligns with the Charities Act 2011, fulfilling public benefit obligations as recognised by the Charity Commission. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Financial review** ## _**Policy on reserves**_ Our Big Picture’s restricted funds (Grant funding) falls outside of the definition of reserves. Reserves are that part of Our Big Pictures unrestricted funds which is freely available to spend on any of the Charity’s purposes. The Our Big Picture’s Trustees have approved the need for reserves to cover unexpected eventualities not identified in the business planning. The agreed target amount of these reserves would cover:- ## 1. Redundancy costs £8,900 as at 1st September 2023 2. 3 months running costs in the event of an unexpected eventuality in any one year based upon the Financial Business plan in that year = £20,900 3. Repair and renewals (based on present and potential future post capital funding) £800 per month = £10,200 Total reserves to hold £40,000. As at the year end free reserves were £58,641. However total reserves are £317,905, of which £166,470 can only be realised by disposing of tangible fixed assets. Restricted funds total £258,010. ## **Trustees and officers** The trustees and officers serving during the year and since the year end were as follows: Trustees: Jonathan Goolden (resigned 15 April 2025) Dominic Mason Karen Watson Chairman: David Mcleavy ## **Structure, governance and management** ## _**Nature of governing document**_ The charity is a charitable company and is governed by its memorandum and articles of association. Page 3 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Trustees' Report** ## _**Recruitment and appointment of trustees**_ Trustees are recruited based on expertise required by the charity and the enthusiasm for the charitable objectives of the charity. ## _**Induction and training of trustees**_ Induction and training is informal given the size of the organisation. ## _**Organisational structure**_ On becoming a Charity we deliberately kept the Trustee Board small and relevant with people drawn from the Arts & Culture and Heritage sectors. Two of the current Social Enterprise’s Directors became Trustees whilst we sought two others who could add value to our future work who are involved in the Arts & Cultural Sector. Zoom meetings are frequent as the Trustees are actively involved sharing their experience and support for the CEO and staff proving to be a valuable asset in the running and future direction of the Charity in fulfilling its aims and objectives. ## **Small companies provision statement** This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 27 October 2025 and signed on its behalf by: ......................................... David Mcleavy Chairman Page 4 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Independent Examiner's Report to the trustees of Our Big Picture Limited ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** Since the Company'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 ICAEW, 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: 1. accounting records were not kept in respect of Our Big Picture Limited as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ...................................... Carrie Anne Jensen ACA ICAEW 26 South Saint Mary's Gate Grimsby North East Lincolnshire DN31 1LW 27 October 2025 Page 5 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** |**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Investment income
5
Other income
Total income
**Expenditure on:**
Charitable activities
6
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19
**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Investment income
5
Other income
Total income
**Expenditure on:**
Charitable activities
6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**funds**
**£**
1,563
34,837
5,126
587
42,113
(72,509)
(72,509)
(30,396)
(30,396)
90,291
59,895
**Unrestricted**
**funds**
**£**
-
48,245
1,417
190
49,852
(34,255)
(34,255)
15,597
15,597
74,694
90,291|**Restricted**
**funds**
**£**
214,668
200
-
-
214,868
(98,005)
(98,005)
116,863
116,863
141,147
258,010
**Restricted**
**funds**
**£**
144,901
-
-
-
144,901
(132,565)
(132,565)
12,336
12,336
128,811
141,147|**Total**
**2025**
**£**
216,231
35,037
5,126
587| |---|---|---|---| ||||256,981| ||||(170,514)| ||||(170,514)| ||||86,467| ||||86,467
231,438| ||||317,905| ||||**Total**
**2024**
**£**
144,901
48,245
1,417
190| ||||194,753| ||||(166,820)| ||||(166,820)| ||||27,933| ||||27,933
203,505| ||||231,438| The notes on pages 8 to 19 form an integral part of these financial statements. Page 6 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **(Registration number: 10001549) Balance Sheet as at 31 March 2025** |**Note**
**Fixed assets**
Intangible assets
13
Tangible assets
14
**Current assets**
Debtors
15
Cash at bank and in hand
16
**Creditors: Amounts falling due within one year**
17
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
19
**Unrestricted income funds**
Unrestricted funds
**Total funds**
19|**2025**
**£**
5,400
166,470
171,870
3,445
151,867
155,312
(9,277)
146,035
317,905
258,010
59,895
317,905|**2024**
**£**
-
143,816| |---|---|---| |||143,816| |||8,806
86,189| |||94,995
(7,373)| |||87,622| |||231,438| |||141,147
90,291| |||231,438| For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 27 October 2025 and signed on their behalf by: ......................................... David Mcleavy Chairman The notes on pages 8 to 19 form an integral part of these financial statements. Page 7 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **1 Charity status** The charity is limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of its registered office is: Elwood Cottages, 17-21 Bethlehem Street Grimsby DN31 1JN These financial statements were authorised for issue by the trustees on 27 October 2025. ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements 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 of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Basis of preparation** Our Big Picture Limited 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 notes. The financial statements are presented in sterling and rounded to the nearest pound. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Income and endowments** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 8 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## _**Donations and legacies**_ Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Where assets and liabilities are donated to the charity, the transferred assets are measured at fair value and recognised in the balance sheet at the point when the risks and rewards of ownership pass to the charity. An equal amount of income is recognised to the net assets received. ## _**Grants receivable**_ Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. All resources expended are inclusive of irrecoverable VAT. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Governance costs** These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. ## **Government grants** Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. ## **Irrecoverable VAT** Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Page 9 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Intangible assets** Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives. ## **Tangible fixed assets** Individual fixed assets costing £500.00 or more are initially recorded at cost. ## **Amortisation** Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows: **Asset class Amortisation method and rate** Website development 20% straight line ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: **Asset class Depreciation method and rate** Land & Buildings 2% Straight Line Office Equipment 33% Straight Line ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 10 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **Trade creditors** Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **Pensions and other post retirement obligations** The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. ## **3 Income from donations and legacies** |Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Grants from other sources
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
768
795
-
1,563
-|**Restricted**
**funds**
**£**
-
-
214,668
214,668
144,901|**Total**
**funds**
**£**
768
795
214,668| |---|---|---|---| ||||216,231| ||||144,901| Page 11 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **4 Income from charitable activities** |Workshops, Exhibitions & Events
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
34,837
34,837
48,245|**Restricted**
**funds**
**£**
200
200
-|**Total**
**funds**
**£**
35,037| |---|---|---|---| ||||35,037| ||||48,245| ## **5 Investment income** |Income from rents
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
5,126
5,126
1,417|**Total**
**funds**
**£**
5,126| |---|---|---| |||5,126| |||1,417| Page 12 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **6 Expenditure on charitable activities** |Workshops, Exhibitions & Events
**Total for 2024**|**Activity**
**undertaken**
**directly**
**£**
59,055
60,673|**Activity**
**support**
**costs**
**£**
111,459
106,147|**Total**
**expenditure**
**£**
170,514| |---|---|---|---| ||||166,820| - **7 Analysis of governance and support costs** ## **Support costs allocated to charitable activities** |**Basis of**
**allocation**
**Governance**
**costs**
**£**
Workshops, Exhibitions & Events
A
17,480
**Total for 2024**
15,350|**Information**
**technology**
**£**
475
701|**Staff**
**costs**
**£**
**Administration**
**costs**
**£**
**Premises**
**costs**
**including**
**depreciation**
**£**
61,048
4,003
26,444
74,972
7,040
7,538|**Other**
**support**
**costs**
**£**
2,009
546|**Total**
**funds**
**£**
111,459| |---|---|---|---|---| |||||106,147| ## **Basis of allocation** |**Reference**|**Method of allocation**| |---|---| |A|Allocation is based on actual amounts spent.| Page 13 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **Governance costs** |Staff costs
Other staff costs
Independent examiner fees
Examination of the financial statements
Legal fees
Marketing and publicity
Other governance costs
**Total for 2025**
**Total for 2024**
**8**
**Net incoming/outgoing resources**|**Unrestricted**
**funds**
**General**
**£**
302
2,497
11,179
185
-
14,163
7,050|**Restricted**
**funds**
**£**
125
-
-
1,862
730
2,717
8,300|**Total**
**funds**
**£**
427
2,497
11,179
2,047
730| |---|---|---|---| ||||16,880| ||||15,350| ||||| Net incoming resources for the year include: |Depreciation of fixed assets|**2025**
**£**
4,763|**2024**
**£**
3,186| |---|---|---| ## **9 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. ## **10 Staff costs** The aggregate payroll costs were as follows: |**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs
Other staff costs|**2025**
**£**
59,146
127
1,776
427
61,476|**2024**
**£**
57,878
13,385
3,708
407| |---|---|---| |||75,378| No employee received emoluments of more than £60,000 during the year. The total employee benefits of the key management personnel of the charity were £36,217 (2024 - £40,405). Page 14 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **11 Independent examiner's remuneration** |Examination of the financial statements
**12 Taxation**
The charity is a registered charity and it's activities are exempt from taxation.|**2025**
**£**
2,497|**2024**
**£**
4,941| |---|---|---| |||| ## **13 Intangible fixed assets** |**Cost**
Additions
At 31 March 2025
**Amortisation**
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
**14 Tangible fixed assets**
**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024|**Website**
**development**
**£**
6,000
6,000
-
-
6,000
**Land and**
**buildings**
**£**
146,930
26,816
173,746
5,293
3,237
8,530
165,216
141,637|**Research**
**and**
**development**
**£**
-
-
600
600
(600)
**Furniture and**
**equipment**
**£**
2,801
-
2,801
621
926
1,547
1,254
2,180|**Total**
**£**
6,000| |---|---|---|---| ||||6,000| ||||600| ||||600| ||||5,400| ||||**Total**
**£**
149,731
26,816| ||||176,547| ||||5,914
4,163| ||||10,077| ||||166,470| ||||143,817| Page 15 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **15 Debtors** |Trade debtors
**16 Cash and cash equivalents**
Cash on hand
Cash at bank
**17 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals|**2025**
**£**
3,445
**2025**
**£**
-
151,867
151,867
**2025**
**£**
4,188
-
292
4,797
9,277|**2024**
**£**
8,806| |---|---|---| |||**2024**
**£**
244
85,945| |||86,189| |||**2024**
**£**
2,438
1,349
331
3,255| |||7,373| ## **18 Pension and other schemes** ## **Defined contribution pension scheme** The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,776 (2024 - £3,708). Page 16 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **19 Funds** |**19 Funds**||||| |---|---|---|---|---| |**Unrestricted funds**
**_General_**
Unrestricted Funds
**Restricted funds**
Arts Council England - Creativity Programme
Capital Funding for 17-21 Bethlehem Street
Heritage at the Heart of our Community
Garfield Western
Create North East Lincs
The Foyle Foundation
Arts Council England - Capital Investment
Programme Funding
Creative Space Project
**Total restricted funds**
**Total funds**
**Balance at 1**
**April 2023**
**£**
**Unrestricted funds**
**_General_**
Unrestricted Funds
74,694
**Restricted**
Architectural Heritage Fund
-
Arts Council England -
Creativity Programme
-
Capital Funding for 17-21
Bethlehem Street
128,811
My Energi
-
Art at the Heart of the
Community
-
Heritage at the Heart of our
Community
-
Imperial War Museum
-
Creative Space project
-
**Total restricted funds**
128,811|**Balance at 1**
**April 2024**
**£**
90,291
-
141,147
-
-
-
-
-
-
141,147
231,438
**Incoming**
**resources**
**£**
49,852
3,800
48,476
-
800
48,000
13,365
3,050
27,410
144,901|**Incoming**
**resources**
**£**
42,113
48,475
-
43,405
80,000
10,000
25,000
5,220
2,768
214,868
256,981
**Resources**
**expended**
**£**
(34,255)
(3,800)
(48,476)
(2,664)
(800)
(48,000)
(13,365)
(3,050)
(12,410)
(132,565)|**Resources**
**expended**
**£**
(72,509)
(48,475)
(3,237)
(43,405)
-
(120)
-
-
(2,768)
(98,005)
(170,514)
**Transfers**
**£**
-
-
-
15,000
-
-
-
-
(15,000)
-|**Balance at 31**
**March 2025**
**£**
59,895
-
137,910
-
80,000
9,880
25,000
5,220
-| |||||258,010| |||||317,905| |||||**Balance at 31**
**March 2024**
**£ (As**
**restated)**
90,291
-
-
141,147
-
-
-
-
-| |||||141,147| Page 17 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** |**Total funds**|**Balance at 1**
**April 2023**
**£**
203,505|**Incoming**
**resources**
**£**
194,753|**Resources**
**expended**
**£**
(166,820)|**Transfers**
**£**
-|**Balance at 31**
**March 2024**
**£ (As**
**restated)**
231,438| |---|---|---|---|---|---| The specific purposes for which the funds are to be applied are as follows: National Lottery Heritage Fund - Stage Capital & Revenue payments for a percentage of staff costs, ongoing heritage programme delivery, OBP overheads and minor health & safety building works. Architectural Heritage Fund – 17-21 Bethlehem Street building programme development grant to RIBA 4 – Stage payments for staff hours and approved Professional Fees ie: architect, quantity surveyor, building surveys etc. Arts Council England - Staff costs, OBP overheads and programme of visual arts including artists fees & expenses. Imperial War Museum – Cod War Project - includes OBP overheads, two artists fees & travel costs, exhibitions & accommodation and arts activities. ENGAGE Creative Bursary - Case Study pilot:, ‘Connection Creativity & Community’, costs include artist time and OBP digital assessment. E-Factor Grant Funding - part funding for 17 – 19 Bethlehem Street Grimsby roof insultation. Grimsby Community Energy – part funding for 17-19 Bethlehem Street roof insultation. Capital Funding for 17-21 Bethlehem Street – National Lottery Heritage Grant & NELC funding for purchase of 17- 21 Bethlehem Street Grimsby. ## **20 Analysis of net assets between funds** |Intangible fixed assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
-
1,254
66,118
(7,477)
59,895
**Unrestricted**
**funds**
**General**
**£**
2,179
94,995
(6,883)
90,291|**Restricted**
**funds**
**£**
5,400
165,216
89,194
(1,800)
258,010
**Restricted**
**funds**
**£**
141,637
-
(490)
141,147|**Total funds**
**at 31 March**
**2025**
**£**
5,400
166,470
155,312
(9,277)| |---|---|---|---| ||||317,905| ||||**Total funds**
**at 31 March**
**2024**
**£**
143,816
94,995
(7,373)| ||||231,438| Page 18 Docusign Envelope ID: 1BA00F4F-D402-4291-BDFC-47A4F84C1D53 ## **Our Big Picture Limited** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **21 Related party transactions** During the year the charity made the following related party transactions: ## **Wilkin Chapman Rollits LLP** (Jonathan Goolden, trustee, is a partner of Wilkin Chapman Rollits LLP.) £420 was paid to the firm for legal services in the year. At the balance sheet date the amount due to/from Wilkin Chapman Rollits LLP was £Nil (2024 - £Nil). Page 19