## TRUSTEES REPORT Annual Report of Imagine Artsdem CIO Trading as The Studio 2023-24 was our first full year of operation as a charity, having converted from a CIC to a CIO in June, 2022. This has enabled us to continue to fulfil our purpose of enhancing the quality of life of persons with dementia while giving family carers support and information. We said goodbye to Yasmin Parratt and welcomed Deborah Kitson and Charlotte Atkinson as Trustees during this period. We continued throughout 2023-24 to run 7 sessions per week: Carers’ Corner on Monday morning, staffed day care on Monday afternoon and Tuesday morning, Sporting Memories on Tuesday afternoon, Carers’ Support groups on Wednesday morning and afternoon, and Movement for Health and Wellbeing on Saturday morning. Attendance was steady, with 12-15 carers and former carers on Monday morning, 5 people on average on Monday afternoon and Tuesday morning, up to 8 couples at Sporting Memories, and 6-12 couples in total attending on Wednesdays. Numbers on Saturdays averaged about 5-6. We increased the hourly rate of pay for Arts Care Assistants from £11ph to £12ph in January 2023. A strong cohort of 9 volunteers now supports the Sporting Memories sessions. We have had good support from the local Rotary club in terms of their presence as volunteers. In fact one Rotary member has joined our staff of Arts Care Assistants, bringing their number to 4. We held a successful Open Day in June, 2023, welcoming more than 60 people to a sponsored sing, led by our loyal volunteers Rosemary and Caroline. With support from the UK Social Prosperity Fund, we organised 7 outings for people with dementia and their carers. These were widely advertised and attracted new participants to activities at The Studio. Participants included 135 people with dementia and carers (many came to several events), 24 volunteer 24 staff sessions. Days out proved very popular, highlighting the potential for future excursions if transport can be organised. An important development in October 2023 was the employment of a part-time Admin Assistant. This was made possible by a grant from the County Council Local Improvement Scheme Revenue Fund. Her contract was extended for 6 months thanks to Chris Gray donating the sponsorship proceeds from running the New York Marathon in November, 2023. Justine Schneider, Trustee, Imagine Artsdem Broxtowe CIO. July 31, 2024 ## **IMAGINE ARTSDEM BROXTOWE CIO BALANCE SHEET AT 31[st] MARCH 2024** **2024 2023** NOTE £ £ **Fixed Asset** s 4 2 887 3 208 ------- -------- **Current Assets** Debtors 2 2 250 412 Cash at bank and in hand 43 670 44 154 --------- --------Total current assets 45 920 44 566 **Liabilities** Creditors: Amounts falling due within one year 3 (11 201) (24 038) **------------ ---------Net Current Assets** 34 719 20 528 ---------- --------- **Net Assets** £37 606 £23 736 ======= ====== **The funds of the charity** Unrestricted income funds 37 017 23 736 Restricted income funds 589 - ---------- --------- **Total funds** £37 606 £23 736 ====== ====== Approved and agreed for publication by the Management Committee ## Justine Schneider ………………………………………………………………………………. **CHAIR** **June 12[th] 2024** **………………………………………………………..** ## **DATE** Page 1 of 6 ## **IMAGINE ARTSDEM BROXTOWE CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[st] MARCH 2024** **41 weeks to 31st March Unrestricted Restricted 2024 2023 Total Funds £ £ £ £ Incoming Resources** Grants 13 449 5 575 19 024 2 022 Donations 7 390 - 7 390 970 Just giving 1 417 - 1 417 - Gift Aid 513 - 513 - Room hire 2 400 - 2 400 2 178 Sales 17 926 - 17 926 16 360 Interest 295 - 295 - ---------- -------- --------- --------- **Total incoming resources** 43 390 5 575 48 965 21 530 ====== ===== ====== ===== **Resources expended** Salaries, presenters’ fees, NI, & pension 17 792 - 17 792 9 801 Catering 1 215 - 1 215 515 Studio supplies 570 - 570 399 Professional and legal costs 851 - 851 255 Rent 7 250 - 7 250 4 542 Materials and excursions - 4 804 4 804 - Training - - - 468 Utilities - - - 189 Insurance 214 - 214 90 Computer software, web design and stationary 337 - 337 565 Equipment repairs and renewals 665 - 665 239 Sundry expenses 894 182 1 076 674 Depreciation 321 - 321 - -------- -------- -------- -------- **Total resources expended** 30 109 4 986 35 095 17 737 ===== ===== ====== ===== **Net incoming resources** 13 281 589 13 870 3 793 **Funds brought forward** 23 736 - 23 736 19 943 --------- --------- --------- -------- **Total funds carried forward** 37 017 589 37 606 23 736 ===== ===== ====== ===== Page 2 of 6 ## **IMAGINE ARTSDEM BROXTOWE CIO** NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2024 ## **1 ACCOUNTING POLICIES** Basis of the preparation of the accounts The accounts have been prepared in accordance with the charity’s constitution, the Charities Act 2011 and “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 (FRS102)” (as amended for accounting periods commencing from lst January 2016) This is a Public Benefit Entity as defined by FRS102. ## Incoming resources All material incoming resources have been included on a receivable basis – ie they are included if the date receivable falls within the period covered by these accounts ## Resources expended These have been analysed using a natural classification Page 3 of 6 ## **IMAGINE ARTSDEM BROXTOWE CIO** NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2024 2024 2023 £ £ Insurance prepaid 100 112 Rent: recoverable 1 250 300 prepaid 300 Day care 600 - -------- -------£2 250 £412 ===== ===== **3. Creditors** Salary 360 - Presenters’ fees 252 - Independent examination - - Donations and grants 10 589 24 038 -------- -------£11 201 £24 038 ====== ====== **4. Fixed Assets** Brought forward 3 208 - Transferred from the CIC - 3 020 Purchased in period - 188 Depreciation @10% on cost (321) - --------- ---------Balance carried forward £2 887 £3 208 ====== ===== Page 4 of 6 ## **IMAGINE ARTSDEM BROXTOWE CIO** ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2024 **5. Movement in Resources** Balance at Incoming Outgoing 31.3.2023 31.3.2024 £ £ £ £ Unrestricted funds 43 390 30 109 13 281 3 793 Transfered from CIC - - - 19 943 ----------------------------------------------------------43 390 30 109 13 281 23 736 =================================== Restricted funds 5 575 4 986 589 - -------------------------------------------------------5 575 4 986 589 - ================================= ---------------------------------------------------------£48 965 £35 095 13 870 23 736 ================= Balances brought forward 23 736 - ---------------------Total Funds £37 606 £23 736 Page 5 of 6 ## **IMAGINE ARTSDEM BROXTOWE CIO** NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2024 **6. Analysis of Net Assets by Fund** Unrestricted Restricted Total Funds Funds Funds 2024 2023 -----------------------------------------------------------------------Net current Assets £36 722 £589 £37 311 £23 736 ========================================== **7. Staff Costs and numbers** Year ended 31[st] March Period ended 31[st] March 2024 2023 £ £ Salaries and presenters’ fees 17 010 9 177 Social security costs 32 264 Payroll administration 750 360 ---------- -------17 792 9 801 ---------- -------- No employee received emoluments of more than £60 000 in the year The average weekly equivalent number of full time employees during the year was one (2023- one) ## **8. Trustees’ remuneration, benefits and expenses** No expenses, remuneration or benefits were paid to Trustees during the year ## **9. Independent examination and accountancy services** During the period, the cost of an independent examination was Nil ## **10. Reserves Policy** The charity aims to build up and retain an amount representing 6 months of its running costs, to ensure continuity and the ability to meet commitments during periods of uncertainty in funding. The objects of the Imagine Artsdem Broxtowe charity shall be to adhere to all laws and regulations with regards to the employment of disabled persons. The charity currently offers employment and voluntary work to people who are registered (and unregistered). The principal activities of the charity are social work activities related to individuals with dementia and their carers. The charity is non-political and is an equal opportunities organisation with regards to membership and employment. Page 6 of 6 IMAGINE ARTSDEM BROXTOWE CIO 29 CEDAR AVENUE BEESTON NOTTINGHAM NG9 2HA CHARITY NUMBER 1199448 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF IMAGINE ARTSDEM CIO I report on the Financial Statements of the Charity for the year ended 31 March 2024 in respect of my examination carried out in accordance with the Charities Acts. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the financial statements in accordance the charities Act 20111.the Act"). I report in respect of my examination of the Trust's account5 carried out Under section145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act Independent Examinerfs Statement I have completed my examination. I confimi that no material matter5 have come to my ttention in ¢onnertion with the examination which gives me cause to believe that in, any material respect; a. The accounting records were not kept l accordance wlth sectlon 130 of the Charlties Act; or b. The accounts did not accord with the accounting records,. or c. The accounts did not comply with the applicable requirements concerning the forrn and content of account5 set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which 15 not a matter considered as part of an independent examination. I have no concerns and have come across no other matter5 In connectlon 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. John P Harri50n FCA Chartered Accountant {ICAEWI 8 Farnham House Lou8hl)orough Road Quorn Loughborough LE12 8XH 14 August 2024