REGISTERED COMPANY f4uMBER: IIW6786 ffngland and Wales) REGISTERED CHARITY NUNIBER: 1203689 REPORT OF THE TRUSTEES Af4D FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR MINERVA ARTS & WELLBEING RNrr RihsTerS Accountants and Business Adviw Finchale House Belfflont BLLsiness Park Durham DHI ITW
mIhRvA ARTS & WELLBEING CONTETr4TS OF TEIE FITrANCIAL ST ATEMEP4lS FOR THE YEAR EPDED 30 JUNE2024 Page RetKbrt of the Trustees Independent Examiner's RetM)rt StatemeDt of Financial Activities 14 Balance Sheet 15 Notes to the FinAneial StatetDeDts 16 u) 24 Detsikd Statement of Financial Activities 25 to 26
MINERVA ARTS & WELLBEING TRUSTEES, ANNUAL REPORT ST FOR THE PERIOD OF I JULY 2023 - 30 JUNE 2024 The directors, who also serve as Irusiees of the charity under the Companies Aci 2006, subtnil this report alongside the charity'.% financial staiements for the year ending 30 June 2024. The trusiees have followed the guidelines ouilined in the Accounting and Reporting by Charities.. Statement of Recomtnended Practice, align¢d with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). effective from 1st January 2019. This report details the work and financial activities cTled out by the charity for the year ended 30 June 2024. Objectives and Activities The summary of the purposes of the charily as set out in the goveming docutnent are: The advancement of high standards of arts education in the community. including ihe promotion of crafts and craftsmanship, local arts groups including cott]munily education, lifelong learning and the development of skills and understanding. To promote social inclusion for the public benefit by using the arts io pTevent people becoming socially excluded and i88lSting them to integrate inlo sociely. For 50CLal exclusion in this case we mean. being excluded from society as a result of being a member of a socially excluded and economically deprived community. The prevention or relief of poverty in Sunderland and surrounding areas by providing.. items and services to individuals in need and or chariliLs or other organi5ations working to prevent or relieve poverty. To promote for the benefit of the inhabitants of Sunderland and the surrounding area the provision of facilitie5 for recreation or other leisure cime occupation of individuals who have need of such facililies by reason of their youth, age, infirniity or disablement, fmancial hardship or social and econoJnic circumstances or for the public at large in the inieresis of social welfare and with the object of improving the condition of life of the skid inhabiiants. The summary of the main activities in relation to th08e purpose5 for the public benefit are: arts and wellbeing service5 including ceramics. fused glass, home fragrances, bkiik, iexliles, floristry and additional crafi-based aclivilies that are designed to improve wellbeing, mental health and promote inclusive leaming opportunilie5 amongst individuals in need of support. Public Benefit The Trustees have had regard to the guidance and legal duty as issued by the Charity Commission on public benefit. The irnstees are satisfied that the charity delivers a public benefit and they play an aclive role in deiennining which provision will be presented io the public to ensure all new and existing aciivilies serve a public benefit. Contribution made by Volunteers The contribution n]ad¢ by volunteers- Volunieers receive Iraining in $2feguarding and work alongside oiir full and part-lime staff to support Ihern in their duties and assist the communities we serve. Additionally, our volunieers are trained in Pievent and WRAP, and the charity obiains an enhanced DBS certificate for each volunteer in the oroanisation. Over the Ixst year. three of our volunteers have secured jobs through our support and developmenl network, with an additional volunleer Éeiiing up their own business and now engages with the charily in a biisiness capacily. These sUCCeSS Stories of our volunteers show thai we are succe8.%fully delivering on the aims and objeciives of the charity.
MINERVAARTS & WELLBEING TRUSTEES, ANNUAL REPORT FOR THE PERIOD OF I- JULY 2023 - 30- JUNE 2024 Achievements and Perforniance Statement from the Chair This past year has presented a series of profound challenges, not only for our organisation but also for the wider community we serve. We have had lo confront the escalating cost of living crisis that has Impacted people significantly. The sharp inCr&e in energy prices, housing costs and everyday necessities has placed immense pressure on individuals. families and organi5ations alike. This economic strain has impacied those who rely on our services and has brought additional challenges to our operations as we work io maintain stability and continue providing vital support. In the face of these difficulties, our Board of Trustees. senior management team, tutors, project leads and volunteers have displayed exceptional comjnitment and resolve, working collaboratively to ensure our services retnain accessible and responsive. Despite the heightened demands and rising cosis, we have managed to sUprt more people than ever before, thanks to the steadfast dedication and professionalism of everyone involved. This resilience has been instrumental in enabling us to continue mtIng the growing needs within OUT community. The Board of Trustees has played a cnEcial role in guiding the organisation through these testing times. Working closely WTth senior management. the IK)ard has provided diligent oversight and strategic direclion, rigorously monitoring fmances. scrutinising expenditures and developing proactive measures to mitigate fanCIal risks and enhance the charity's long- lenn .8usiainabilily. This focused and prudent approach has allowed us to maintain a solid foundation, even as we face the pressures of rising operational costs. The senior tnatlagement team. tutors and project leads have also shown Temarkable focus and adaptability. Through careful monitoring of our objeciives, diligenl support of staff and volunteers and commitment to perfonnance, they have enabled us to stay aligned with our strategic goals. Their dedication has not only ensured that we meel our targets but also laid the groundwork for future resilience in an uncertain funding environment. By continually reviewing and updating policies, the charity 1.8 able 10 maintain compliance with regulaiory requirements. uphold besl practices and operate in a manner that safeguards the integrity of our work. Our volunteers have been invaluable in sustaining OUT services durÉng this lime. Their selfless conlribiilions of time. ener2>' lind emp1< ihi, are <1t the heart of oiir operations. The! embodv the spirit of oiir organisaiion, bringing wamith and compassion lo their roles and creating an inclusive and supportive environmeni for those who turn to us in times of need. As we continue to navigate these challenging limes, OUT focus ren1Th5 on delivering meaningful, positive impaci in the lives of our beneficiaries. We are committed to strengthening our partner.ships with funders and oiher organisations whose support is crucial to our success. These relaiionships provide viial siabilily and allow us to plan ahead with confidence. Together, we are noi only meeting immediaie needs bul also building a secure and siislainable fuiure for our organisation and the community we serve. On behalf of the Board of Ttusiees. l extend my deepesi apprecialion lo everyone who ha conlribLiied to our Lchievements this pasi year- our Iruslees. staff, volunEeers. beneficiaries, funders and partners. Your ITUSI, dedicaiion and resilience have been the cornersione of our
MINERVA ARTS & IVELLBEING TRUSTEES. ANNUAL REPORT 5T FOR THE PERIOD OF I JULY 2023 - 30- JUNE 2024 progress. With your continued suppon, l am confideni that we will overcome the challenges ahead and continue to ake a lasting difference within our comtnunity. Statement from the Chief Executive Officer The past year has been one of both signifiLani challenges and remaTkable growth. underscoring our resilience and committneni to making a lasting impact on the comtnunilies we serve. In response to the ongoing cost-of-living crisis, we are proud to have extended our support to over 3.500 individuals. broadening our reach across County Durharn, Gateshead, Northumberland. Sunderland and beyond. This expansion has not only been a reflection of the increasing dernand for our services but also a testament to the dedication and hard work of our staff, volunteers and con]munity partners. whose collective efforts have made thi5 possible. The rising demand for our services highlights the vital role we play in the lives of many. particularly those who are n]osl vulnerable. Meeiing these needs has required not only resilience anil adaptability bul also an unwavering commitment io delivering high-quality support in an ever-changing environn]ent. Our ieam has consistently gone above and beyond. rising to the occasion with compassion, creativily and professionalism. The strength of our organisation lies in the collective spirit of those who coniribule their time and energy, and it is their dedication that allows us to continue our work. despite the many obstacles we face. We are deeply grateful for the guidance and support of our Board of Trustees, whose expertise has been invaluable in shaping our direction. Their steadfast commitment his enabled us lo reach isolated individuals, provide essential companionship to those Struggling with loneliness and engage with hard-lo-reach groups. Through their leadership, we have been able to forge meaningful connec(ions that have enriched both our community and the work we do. The Board's continued trust in our vision has allowed us to innovate and adapt, ensuring that our services remain relevani and impactful. Central to our success is Ihe spirit of collaboration that exists between our OTg2nisalion, our dedicated team, our volunteers, our community partners and the genero$ funders who siipport us. We would like to extend our heartfelt thanks to each and every individual and organisation that has been part of this journey. To our skilled Staff, whose experti.se and pas.%ion have been evident in every aspecl ol our work. to our volunteers, whose selflessness and commitrneni have touched countless lives; and 10 our comrnunity partners, who have been crLicial in helpinu lis expand our reach and impaci your contributions are immeasurable. Together, we have made significani strides towards strengthening our services. deepening our connections and creating lasling posilive change. We also wish io expre55 our sincere gratitude io the funders and ant givers whose generosity has made our work possible. Their unwavering support has not only provided (he financial iesoiirces we need to deliver our services bui has also given us the confidence 10 expand and evolve our services 10 meel Ihe growing demands of Ihe con)munilies we serve. Their belief in OLir mission is a source of inspiration and we are iruly appreciative of their continued partnership. As we refleci on the past yeJr, we are filled with deep apprecialion for all those who have played a i'ole in OLir success. From the leadership of our Board 10 the tireless efforts of our staff and volunieers, from the %LlPPOrt of our funders 10 the warnith and engagement ol the
MINERVA ARTS & WELLBEING TRUSTEES, ANNUAL REPORT FOR THE PERIOD OF I- JULY 2023 - 30- JUNE 2024 communitie5 we serve-each of you has played a viial part in making this year a tNIy transforn]ative one. We are grateful for your ongoing suppon and commitment as we continue to move forward in our mission to creaie posilive, l&sting change in the lives of those who need il most. Together, we look towards the fllture with optimism, knowing that our shared vision and collective efforts will conlinue to shape a brighter Lomorrow. Engaging with Learners and Beneficiaries This year, we have had the opportunity to support over 3.51K) individuals across the North East of England, covering areas such as County Durham, Gaieshead, Newcastle upon Tyne. Northumberland and Sunderland. This expansion reflects the incr&qsing demand for our services and the growing recognition of the need for support within these communities. Not only have we supported existing beneficiaries in these geographical areas but we have also supported many new individuals who needed our support for various reasons including mental health sUPPOrt. companionship and access to winier e1 packs. The following 15 a sutnmary of the beneficiaries who have acSed our services: Returning Beneficiaries - 2795 Newly Engaged Beneficiaries - 618 Referrals Received by the Organisation - 176 Note'. We welcome self-referrals, meaning individuals can aecess our service5 directly without needing a referral from an exiernal body. We aIso accepl referrals from cotnmunity partners, local authorities and organisations operating outside of the sector. Ai Minerva Arts & Wellbeing, we strive lo reach a broad spectrutn of individuals facing different challenges, including menial health difficulties. wellbeing needs. isolation, and loneliness. We work with a diverse range of people, including members of the LGBTQIA+ comtnunily, Black, Asian and Minority Eihnic groups. children. the elderly. individuals with physical and leaming disabililies, refugees, asylum seekers. care leavers. unpaid carers, Survivors of domestic violence, individuals living itTr deprived areas. ex-offenders and those at risk ol being socially excluded. Our work is not restricted to the above groups only 2nd we engage with any individual who requests our support. We ensure that anyone in need can acce55 our services. whether tl)rough self-referral or via referrals from OLir extensive network of third-sector partners. which includes Ihe Voluntary and Community Sector Alliance, GPAlliance, mental health charities, foodbanks, domestic abuse shelters, cultural organisations. schools, NHS. care providers, wellbeing hubs and local authorities. As was the case in the previous year, our research over this period highliohied thxt menial health issues such as depression. anxiety, feelings of loneliness and isolaiion and %lress related illnesses are the primary reasons individuals engage with our services. Addilioiially, financial stress. housing inslability and food insecurity are critical factors exacerbating these concerns. Over the previous 12 months, we have 'ItnesSed the highe.st demllnd to date for our food provision as more and more people have been impacied by the eost-of-living crisis. The niimber of people we have provided food parcels lo for this period increased by 114CIo.
MINERVA ARTS & WELLBEING TRUSTEES, ANNUAL REPORT ST FOR THE PERIOD OF I JULY 2023 - 30- JUNE 2024 Achievement and Performance- Continued The demographic breakdown of those accessing our services is 2s follows: Sex Male Female Prefer not to say 16% 81% Age 0-17 18-25 26-40 41-60 14% 41% 27% This year, the Trustees and senior management t&qm have worked together lo implement targeted straiegies aimed at increasing engagement from two specific groups- males and individuals aged 18-25. These strategies have been successfu]. as we have seen an increase in both demographic.8 acce.ssing our services. We JTe encouiaged by this progress and remain committed to building on Ihese efforts. The collaboration beiween the Tn]stees, senior management, staff. volunleers and communily partners has been instrumental in ensuring these goals are met, and we will continue to focus on expanding our reach and improving inclusivity across all groups. Minerva Arts & Wellbeing is dedicated to broadening access lo educaiional and creative opportunities that support mental health, enhance wellbeing, and enrich cultural understanding. Through our prograTnmes, we aim to offer exteriences and skills that may otherwise be oui of reach for Tnany individuals. To ensure we deliver genuine public benefit and foster p05ilive outcomes. each participant engages in an inforn]ation. advice, and guidance {IAG) session with our expert lutors. Additionally. every beneficiary compleies an Individual Learning Plan (ILP). which allows us 10 identify their needs, sel per50nalis¢d SMART targets and objectives, and closely Tnonitor progress. This approach helps us provide tailored siipport and timely inlervenlion5, maximisinLV the benefit of oiir service5 foT each person. Throughout the p&%t year. we have offered a wide array of taster sessions. short courses and extended programtnes across a variety of disciplines. These include ceramics. fused glass, batik. home fragrance ereaiion. self-care produci.8, floristry. lino priniing. macrame, waiercolour painting, general crafts, sewing. ouid(M)r pursuits. yoga, cookery. plant propagation and upcycling. While participation ID ail.8 activities brings enjoymeni, we are committed lo ensuring our services lead lo real, lasting and posilive change. Our prooramme% are carefully designed io enhance the mental health, ,elIbelng. skills and knowledge ol those we %erve. We lake a holisiie cipproach, working alongside beneficiaries (o identify how our offerings can Tneaninofully impact their lives. providing support in tackling any challenges Ihey face. Our
MINERVAARTS & WELLBEING TRUSTEES, ANNUAL REPORT ST FOR THE PERIOD OF I JULY 2023 - 30- JUNE 2024 services aim lo improve praciieal Skills, employability, and self-confidence. Over time, this provision has empowered individuals to establish new friendships, enga<re with their cornmunilies. pursue further education and explore employmenl or volunteering opportuniiies. Data Collection and Satisfaction Assessment To ensure the ongoing quality of our 5ervice5, we collect detailed feedback from participants following each session. In addilion to the IAG and ILP forn]s cotnpleted by beneficiaries, a feedback fom is issued at the end ol every session, allowing us to gather both quali(alive and quantilalive insights. This feedback helps us refine our pro(rrammes and deliver a service that is responsive and beneficial lo all. From l July 2023 10 30 June 2024, we worked with 3589 beneficiaries, and collected 3378 feedback fomis, achieving 2 compleiion rate of 94%. The results from these fonns are encouracFing". 95% of respondents slated they would recommend our services to others. 96% of respondents reported an improvement in their wellbeing and mental health. 87Yo of respondenls feli they were more inforn]ed abolll eommuniiy support available to them. The chart below illuslraies responses relkied io improvements in mental health and wellbeing, highlighting the positive impact of our services. My Mental Health & Wellbeing Has Improved 34% Strongly Agree m Agree Neither Agree of Disagree Disagree • Strongly Disagree
MINERVA ARTS & WELLBEING TRUSTEES, ANNUAL REPORT FOR THE PERIOD OF I- JULY 2023 - 30- JUNE 2024 Minerva Arts & Wellbeing additionally invite5 beneficiaries lo share written refleciions on the ways in which participaling in our available programmes and provision has positively impacted them. Presented below is a selection of testimonials received from those who have accessed our services- "Taking part in the fused glass course was an uplifting experien. It gave me a creative focus and allowed me to relax while learning something new. I've been dealing with anxiety and having this outlet was incredibly beneficial. Seeing my fmished piece gave me a real sense of achievetnent, a reminder of what I can accomplish when I take tin)e for myself." "I joined the ceramics sessions and they were a true lifeline. Working with clay was surprisingly calming and each week I'd leave feeling lighter. The process helped me clear my mind, just being there in the moment. Minerva Arts & Wellbeing has built such a supportive, welcoming environment - it's made a huge difference to my wellbcing." "The textiles course has been a wonderful experience. Working with fabric turned out lo be more enjoyable than I'd expected and the sessions gave me a reason LO gel out of the house, something I've struggled with since dealing with depression. I've found a safe place to try new things and it's helped me regain confidence in myself." "Thc home fragrances workshop was Surprisingly therapeutic. We leamed about differenc scents, how to mix oils and the process of Creating something unique. I hadn't realised how soothino fragrances could be and I now use my own Creatio al home to help manage stress. Thi5 h&s given me a new way to care for myself, beyond the sessions." "Learning fused glass techniques was a new and exciting challenge that quickly became a highlight of my week. I came away fTom each session with a sense of purpose. Living with chronic pain makes motivalion diffjculi. but these classes were sotnething lo look forward to. They've become a vital part of my Toutine and improved my n]entsl wellbeing." "Th¢ variety of courses offered by Minerva Arts & Wellbeing is fanla5tic. I've tried ceramics. textiles and fused glass, each one giving me a creative outlet that's helped my mental health. These sessions are a break from everyday stress and have introduced me to Dew friends. The support I've felt has been amazing, and the food parcels have pIovided tnuch-needed relief, especially on tougher weeks." Below is an example of the services caLed oui over the last twelve months.
MINERVA ARTS & WELLBEING TRUSTEES. ANNUAL REPORT ST FOR THE PERIOD OF I JULY 2023 - 30- JUNE 2024 IWV •uP
MINERVA ARTS & WELLBEING TRUSTEES, ANNUAL REPORT FOR THE PERIOD OF I- JULY 2023 - 30- JUNE 2024 Financial Review Current Financial Position For this accounting period. the charily broughi forward £106126 ut]resiricted funds and a further £27450 in restricled funds. which tolals £133576 broughi forward from the previous fmancial period. Over the course of the year. the charily h&8 worked ittcredibly hard to support individuals across the North East of England and has provided assigtance to individuals with a range of needs. whether ic be mental health and wellbeing concerns, anKiety. feelings of loneliness and isolation or those who need SUPFH)rt with improving their functional skills. We have supported iThdividuals in navigaiing the cost-of-living crisis. mental health crisis and insecurities around food, fuel and digital poverty. As wa5 the case with the previous year, the Board of Truslees gave permission for the charity to engage with and support as many people as possible who were in need of accessing our support and provision. The Board ol Trustees recognised thai the charity could make Sitive and substantive change in the lives of individuals by undertaking early interveniion iniliatives and it also recognised that this would also contribute lo reducing the burden on already stretched public services. Principle Funding Souree Our main source of financial income originate5 frotn a mix of local, regional and national funders, including grani giving Trnsts and Foundalion5. Alongside this, we also held a contract with a Local Authorily io deliver comn]unity leaming and foundational skills cour5e4. We also secure and generate revenue through a range ol activities. including interaclive workshops. festive eN'ents and by organising arts initiatives for other educational bodies and venues. This diverse appTo2ch helps us maintain a 51eady income while reaching wider audiences through a blended mix of paid for and free to access services. Reserves Policy The Board of Trustees acknowledge the vital need for the charity's financial stability and has thus set a benchmark of maintaining unrestricied reserves equal to at least thr months of essential operatin(p cobts. Working in partnership with the senior management team. the Board has established an objective lo incren]enially increase (hese unrestricted Te5erves each year. The senior managen]ent team remains dedicated to building and strengthening connections with funders. Trusts and Foundaiions to bolsler the chaEity's unresiric(ed reserves. This is, .Ind ivill conlinLie to be achiei'ed ihroiioh fiindrai%inti effort% cnnducled in &11ignrnent iTrith the standards set by the Charily Commission.
MINERVA ARTS & WELLBEING TRUSTEES, ANNUAL REPORT ST FOR THE PERIOD OF I JULY 2023 - 30- JUNE 2024 Structure, Governance and Management Governing Document Minerva Arts & Wellbeing (The Charity) is controlled by its governing document. a deed of trust and constitutes a limited covnpany. limited by guarantee. a5 defmed by the Companies Aci 2006. Appointment of Trustees The Board of Trustees are also company directors, per company law and charity trustees per charity law. The Trustees are all independent of one another and each bring a different skillset that can be used effectively to grow and oversee the charity. Trustees. both new and existing can undertake training as and when appropriate, and we actively encourage Trustees to lake part in such training. The charity has a minimum number of five Trustees. The Board of Trustee8 meets quarterly, with additional meelings scheduled when needed. All votes must be passed by a majority of the Board. tn the event of a split vote. the Chair will have rhe deciding vote. All members of the Board of Trustees give their time voluntarily and receive no benefits from the charity. The Chief Executive Officer is responsible foT the day io day running of the charity and operations and is also responsible for en8uring the charity is on course to rneel its targets, KPI'S and ensuring service delivery provides a public benefit. The Chief Executive Officer is supported in this role by the Chief Operations Officer, Marketing Manager. Operations Support Assistant. tutors. leaching assistants and volunteer5. io
MINERVAARTS & WELLBEING TRUSTEES, ANNUAL REPORT FOR THE PERIOD OF I JULY 2023 - 30- JUNE 2024 Reference and Administrative Details Charity Name: Minerva Arts & Wellbeing Registered Charity Number: 1203689 Registered Company Number: 10876786 Registered Address: 31 Norfolk Street. Sunderland. England, SRI IEE Board of Trustees George Omerod John McKay Dan McGee Linda Procopis Lynne Robinson Kathryn Hatfield Chair Secretary Treasurer Appointed on 5 Sepiember 2024 Company Secretary: John McKay Independent Examiner: Ribchesters Chartered Accountants, Finchale House. Belmont Business Park. Durham. DHI ITW Key Management Mark Burns Cassell - Chief Executive olee[ Lesley Dixon- Chief OperaLions Officer
MINERVA ARTS & WELLBEING TRUSTEES, ANNUAL REPORT ST FOR THE PERIOD OF I JULY 2023 - 30- JUNE 2024 Statement of Trustees Responsibilities The trustees (who are a150 ihe direciors of Minerva Arts & Wellbeing for the purposes of coinpany law) are required lo prepare the Report of ihe Trustees and the financial statements in accordance with applicable law and Uniied Kingdom Accounting Standards (United Kingdom Generally Accepied Accounting Practice). Company law requires the tstees to prep2re financial statements for each fanCIal year which give a true and Fair view of the situaiion of the charitable company and of the incoming funds and assets and also the applicaiion ol funds and assets. including the income and expenditure of the charitable company for thai perii)d. In preparing the financial statemenis, the Iruslees are mandated to: select suitable accounting policies and then apply them consistently- observe the methods and principles as set out in the Charity SORP. make judgements and e%tiTnaies Ihal are reasonable and prudent; prepare the financial statements on the going concern bisis UDless it is inappropriale to presume that the charitable cotnpany will continue in business. The Board of Trustees are responsible for keeping proper accounting records which disclose with reLlsonable accuracy at any lime the financial posilion of the charitable company and to enable them 10 ensure that the flnancial statemenE.s comply with the Companies Act 2(M)6. They are also re.%ponsible for safeguardlntr Ihe &%%eis of the charitable company and henee for lakints reasonable steps for the prevention and deteciion of fraud and other irregularilies. Thi% report ha5 been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. Approved by order of the Board of Trustees on 28ih November 2024 and signed on ic5 behalf by: Georg¢ Ornier Chair 281h'. Vknmkr 2024 12
INDEPENDENT EXAl¥ItNER'S REPORT TO THE TRUSTEES OF MINERVA ARTS & WELLBEING Independent exanjiner's report to the trustees of Minerva Arts & Weubeing ('the Colp8Y') I report io the chaiity trustees my exarnination olihe accounis of the Cornpany for the year ended 30 June 2024. Responsibilities &nd basis ofreport As the charity's trustees of the Company (and a150 its directors for the purpow of company law) you are responsible for the preparation of the accounts in aCcOrdae witb the requiremenrs of the Companies Acr 2{K (the 21K)6 Aci,). Having satisfied myself that the accounts of the Company are noi required to audit( under Part 16 of the 2(K)6 Act and are eligible for independent examinalion. I reyjrt in respect of my exami[(lon of your charity's aecounis as carried out U[er Seciion 145 of the Charities Act 2011 ('the 2011 Aci'l. In carrying out my examination I have followed the Direciions given by the Charity Conllnission under Section 145{5) (b) of the 2011 Act. Independent examiner's statement Since your chariiy's gros5 income exceeded £250.IXKI your examiner must Ee a member of a listed body. I can confjrm that l am qualified to undertake the exarniDaiion be£ause l am a member of the Associaiion of Charteied Certified Accountants, which is one of the listed bodies. I have completed my exaTnination. IcoDfirni thai no mailers have come to my atteniioninconDection withtheexamination giving me cause io telieve.. accounting records were not kept in reset of the Company as required by Section 386 of the 2tX)6 Act: 01 the accounis do JY)i accord with those recoid5- or the accounts do not cofflply with the accounting requiremeots of Section 396 of the 2(KJ6 Act other than any requiremeni ihar the accounts give a true at]d fair view which is noi a matter considered as part of an independent examinatton. or the uccounts have noi been prepared in accoldae wilh the meth(MJs awl principles of the Statement of Recommended Practice for accouniing al rerting by cttstilies (applicable to charities preparing (heir accounts in acLoidance with the Financial Reporting Standatd applicable in the UK and Republic of Ireland IFRS 102)). I have no conceTns and have come across DO other matters in cont]ection wilh the eKamination tg which attention should be diawn in ihis report in order 10 enable a proper ulerstandIng of the accounts io be reached. Lesley Stablei BA (Honsl FCCA The Association of Chartered Certified Aecouniants Rmt Ribchesters Accouniants and Business Advisors Finchale Hnuse Belmoni Bu.%iness Pdik Durham DHI ITW 9 December 2024 13
Mlf4ERVA ARTS & WELLBEING STATEMENT OF FIlANCIAL ACTIVITIES (INCORPORATING M IriCOlE AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 JufT2024 2024 Total funds 2023 Total fun(ts Unrestricted Restricted fuNIs Notes INCOMF. AND Ef*l)oWTrrrs FROM Ih)naiions and legacies 4.65 1 4,651 Charitable activities Ans educaiion and wellbeing projects 65.IKX) 157.978 222,978 221.065 Other tyading aciivilies Invesimeni income Other income 176.497 363 10.IKK> 176.497 363 10.1 52,717 252 Total 256511 157,978 414,489 274.034 EXPENDITURE ON Charitsble activities Arts education and wel[lA8 projects 174.027 145528 319555 329,014 NET INCOME1{EEI+llTuRE) 82.484 12.450 94,934 (54,980) RECONCILIATION OF FUP4DS Total broughi forward 23.659 15.IKX> 38,659 93,639 TOTAL FUNDS CARRIED FORWARD 106.143 27.450 133.593 38,659 The note5 fom part of these financial statements 14
MINERVA ARTS & WELLBEING BALAINCE SHEET 30 2024 2024 Total lunds 2023 Total fund5 Unrestricted Resiricted funds Noies FIXED ASSETS Tangible as5etg 12 7.868 7.868 11,766 CURRENT ASSETS Debiors C&sh at bank and in hand 4.337 I JO.532 4,337 137,982 23,116 18,429 27,450 114.869 27.450 142.319 41545 CREDITORS Amounts falling due within one year 14 {16J94) 116.5941 {14,6521 NET CiJRRENT ASSETS 98.275 27.450 125,725 26,893 TOTAL ASSETS LESS CURRENT LIABILITIES 106.143 27.450 133.593 38,659 NET ASSETS I[,143 27.450 133,593 38,659 FUNDS Unresiricted funds Restricted funds 15 106.143 27.450 23,659 15,0(Xl TOTAL FUNDS 133.593 38.659 The charitable company is entitled to exempiion from audit under Section 477 of the Companies Act 2006 for the year ended 3Q June 2024. The members have not Tequired the company io obrain an audit of its financia] stsiements for the yeTrded 30 June 2024 in acL()rdance wilh Seciion 476 of the Companies Act 2(K)6_ The trustees acknowledge iheir responsibilities for ensuring thai the charitable Lompany keeps accowiting recoids that comply with Sec(ions 386 and 387 of the Companies Aci 2(Xh5 and piepillin¥ Iin(IlliiAI btdttnientb whiih ¥ive 41 (rue 4llKI fd. ir view of tlie uf ¢ilfdIr ul tl)e il)(Ii'iiable iL>IIIPdny al the end of each financial Ye( and of ils surplus or deficit foi each financial yeai in accordance with the requirements of Sections 394 and 39) and th]Ch otherwise cnmply Ihe tequiiements ol the Companies ALt 2(X)6 rtlaling io financial staiernents, sts far as applicable io the charitable company. {b) The%e financial staiements have been prepared in accordatKe with the piovisi(Trn5 applicable 10 charithble compdtiies subject to the 5llfdll companies regitne. The financial statements were approved by the Board of Trusiees and authglised for issue on 28 November 2024 and The notes lorni part of these financial Statements 15
MINERVA ARTS & WELLBEING r4oTES TO THE FD4ANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2Tr24 ACCOiJNfiNG POLICt&s Basis of preparing the f*£181 Statennts The fancIal statements of the charitable company, vthich is a public befil entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS IIY2) 'Accourting and Rewrting by Charities.. Statement of Recomrnended Practice appliuble to charicies preparing their 2£WUDts ill accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelattd (FRS 1021 (effective l January 2019),, Fillkncia] Reporting SÈandard 102 The Financial Reporting Sthndard applicable io UK alld Republic of tJe12nd' and the Companiss Act 2006. The FanCIal sthtements have been prep8ttd uNl¢t the historical cost convention. Critical accountiDg estirjaates and areas of judgement Estimates and Judge£tS are continually evaluated a[ are based on ILi%torical experience and other factors, including expectations of future events that are believed io be reasonabk Ullder the circu]nstances. Critical accounting estieS #t assuwtions: The charitable compally Jnakes estirnates and SUmptionS cOncerllig the future. There are no resu]ting accounting estiTDates and a5swnptions that have a significaut risk of cawillg a atE[la1 adjustllt (o the caTrying amounts of assets and liabilities within the next financial year. Critical areas of judgement.. Depieciation- tkpreciation is calculated so as to TIte off the cost of an a55e( less its tesiduaI value. over the econotnic life of tbat asset. An estimate of the useful life of the assets isdetailed in the depreciation policy. Income All income 15 retognised in the StateIeI of Fmancial Activities tr[ tbe ¢barity has entitlernent to the fuuds. it is probable that the income will be received and the aomiuni can tasred reliably. Expenditure Liabilities are recogmised as expenditllre as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settleTrenl and the amount of the obligaiion can be rnured reliably. Expenditure isaccounttd for on an acciua]s basig 2nd has been classified under headings tbai agwgate all cosi related (o the caiegory. Where costs cannot be dite£ily attributed to parti¢uIar head]tr$ they have been all(al to activitiCS Im a basis consisteot with the use of resourc. Tangible fLxed awts Depreciation is provided at the following amiual rates in order to lteoff eachel0Ver its esttn)ated useful life. Plant and machinery FixtuTrs and fillings 20% on reduc] balallce 33% on cost Taxation The charity is exemw from cortK)ration tax on its charitable activÉties. Fund 2ccounÈiDg Unrestricted fun(ts can be used in aCcOrde with the eltsritable objectives at the discretion of the tn]stees. Restricted funds can only be used for particular restticted PUTposes With the objects of the charity. Restrictions arise when specified by the donor or when fun(Ls ate Fkhsed loF partiear restricted purposes. Further explatwtion of the nature and purpose of each fund is included ID the )leS w the financial statements. Pension costs and other wbst-retirement benefits The charitable company operates a defined contribution pension 5chetn£ Coniribuiions pa}'able to the charitable ctsmpany's pension scheme ate chatged io the Statetnent of Financial Activilies in (he petiod to ich they relate. 16 continued...
MINERVA ARTS & WELLBEING NOTES TO THE FINAINCIAL sTATEIEI[s. continued FOR THE YLAR ENDED 30 JUNE2024 DONATIONS AND LEGACIES 2024 2023 Ik>nations 4,651 OTHER TRADING AcfiviTIES 2024 2023 Workshops Ren(&l income receivable 174.553 52.717 176.497 52,717 INVESTMENf INCOME 2024 2023 DeEK)sii account interest 363 252 INCOIIIE FROM CHARITABLE ACTIVITILS 2024 2023 A]vity kns education and urllteing projects Grants 222,978 221,065 Grants received, included in the atK)ve. are as follows: 2024 2023 Arnold Clark Automoiive Atis Council Engla1 Other grants The Naiional tx)ttery Community lund GMBC The Naiional inttery Herithge fund Sunderland City CounLil The Bartx)ur Foundation Coalfields Neighknuthood fund Washington Cookery Neighh)urhood fund Washingion Kid% Neighbourhood fu1 The UK Shared Prosperity Fund The BerniLia Foundaiion Garfield Weston c0mUnitY Foundation Tyne and Wear Foyle Foundation The SiT John Priestman Charitable Ttust 2.8(K) 25,2(K) I0,K) 55,1MK) 30,(MX) 6,448 8,256 25.1 61,(KKI 53,606 15.(JX) 20,0(J) 30.359 25.574 IU,thK) 20.IKK) 10.IKKI 20.IXJI 222,978 221,065 17 continued...
MINERVA ARTS & WELLBEING NOTES TO THE Fif4A.NCIAL STATEhlENfs. continued FOR THE YEAR ENDED 30 JUNE 2024 CHAIUTABLE ACTIVITIES COSTS Support costs {see note 7) Dtrect Costs Totsls Arts education and wrllbeing projects 262.332 57.223 319J55 SUPPORT COSTS Govemance costs Management Totals Arts education and wellbeing projects 46,436 10.787 57,223 NET Ih'COMFJ(EXPENDITURE) Nei incomellexpenditure) is Stated after chargtnyJ{credtting)= 2024 2023 Depreciation- 0ed assets Independent Exdminer- Independent aMInal10n costs Independent Exarniner- other 5,103 1,950 3,6 6.967 TRUSTEES, REMUNERATION AND BEP*TFITS Trustees. expenses There were no irustees, expenses paid for the year ended 30 June 2024 N>r for the year eled 30 June 2023. io. STAFF COSTS 2024 2023 Wages and salaries Othei pension costs 178.023 4,287 153,257 3,243 182.310 156,5(K) The average monthly nuTnber of employees during the year Wds as follDMB= 2024 2023 Employees Na etnpl()yees received emolufflents in excess of £60.K). Key margeMent Personnel compensation in the year to 30 June 2024 was £97.133. (2023-. £W,IK)01 18 coniinued...
MINERVA ARTS & WELLBEING NOTES TO THE FINANCIAL STATEMENTS. continlled FOR THE YEIiR ENDED 30 JUNE 2024 ii. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES Unrestticied fuThl Restricted funds Tots] nds INCOME AND ENDOWMENTS FROM Charit#ble Activities Arts edu¢4Ltion and wellbeing projects 142.259 78.806 221.(5 Other trading aciiviiies Investment income 52.717 252 52,717 252 Total 195.228 78,81 274,034 EXPEM)ITURE ON Charitablc actilities Arts education aDd wellbeing projec 245,208 83,8 329,014 NET INCOMEI{EXPENDITURE) (49.980) {5.C(K)I {54,9801 RECONCILIATION OF FUNDS Toial funds brought furward 73.639 20,(AX) 93,639 TOTAL FUNDS CARRIED FORIVARD 23,659 15,IKKI 38.659 12. TANGIBLE FIXED ASSETS Fixiures and fitiings rfiachinery Totals COST At l July 2023 Addilions 15,284 20.269 1.205 35,553 1,205 At 30 June 2024 15.284 21.474 36,758 DEPRECIATION Ai l July 2023 Chiirge lor >'e 9,118 14,669 i,561 23,787 5,IU3 At 30 June 2024 10,6(K) 18,230 28.890 NET BOOK Tr'ALUE At 30 June 2024 4.624 3.244 7,868 AI 30 Jllne 2023 6.166 11,766 19 continued...
MINERVA ARTS & WELLBEING NOTES TO THE FINAliCIAL STATENIENTS- abntinued FOR THE YEAR ENDED 30 JUNE2024 13. DEBTORS: AmoUTrS FALLING DUE WITHtN ONE YEAR 2024 2023 Trade debtors Other debtors Ptepayments 12.036 4,780 6.31K> 3.217 1.120 4.337 23.116 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors VAT Other creditors Accrued expenses 1.086 11.546 752 3,210 526 10530 1,750 16.594 14.652 15. MOVEMENT FUNDS Ne( movement in funds At 30.6.24 At 1.7.23 Unrestricted fuDds General fund 23.659 82,484 106,143 Restricted funds National Heritage Sunderland City Council The Naiional Lotiery Community Fll1 The Bernicia Foundarion Community Foundation Tyne and Weat 15,IXX) {15,(XKTr) 850 15.tKKI 850 15.( 5,IK)O 6,600 15,(KK> 12,450 27,450 TOTAL FUNDS 38.659 94,934 133J93 20 continued...
MINERVA ARTS & WELLBEING NOTES TO THE FINANCIAL ST ATEMENTS . continued FOR THE YEAR ENDED JO jUE 2024 15. MOVEMENf IN FUNDS . eontinued Net movement in funds, Includ in the aFM)ve are as follows- IolA8 ResouTces rtsollr expended Movement in futkls Unrestrieted funds General fund 256511 (174.0271 82.484 Restricted funds Arts Council England National HeTitage Sundeiland City Council GMBC The UK Shated Prosperiiy Fund The National tnttery Communiiy FuThJ The Bernicia Foundation Community Foundation Tyne and Wear The Sir John Priestman Chatiiable Trusi 2.8(fJ 6,448 13.156 30.(K 25574 55,(K 10,(K 10,(K {2,8(K)I 121,4481 112.3061 130.IXJ)) 125,5741 140,IXM)I {5.IXX)I (3.4(M)I {5.(KM)I 115,OtK)I 850 15.0(K) 157.978 (145528) 12,450 TOTAL FUNDS 414,489 (3195551 94,934 Comparative5 for movement in funds rnovemeni in funds At 30.6.23 At 1.7.22 Unrestricted funds General fund 73b39 {49.980) 23.659 Restricted funds National Heiitdge 20.(KKI {5.IKK)) 15.(KKJ TOTAL FUNDS 93,639 54.9801 38.659 Coniparaiii'e net tno%"etneni in I"unds. in¥luded in the aboN"¢ ate as follo5.. I0]]ng itsources Resources expended Movement in funds Unrestricted funds General tund 195228 1245.2081 149,9801 Restricted funds Atis Council EDgland National Heriiaoe 2521K) 53,6 125.21N)} 158.6061 5,(KKJ} 78,8¢ 183.8061 15,(ffX) TOTAL FUNDS 274,OM (329,0141 154,9801 21 conrinued...
MINERVA ARTS & WELLBEING NOTES TO THE FINAPICIAL STATEMEIJTS. contioued FOR THE YEAR ENDED 30 JUE*E 21)24 15. MOVEMENT IN FUNDS. contiDued A current yeat 12 tnonths and prior year 12 mnths cornbined position is as follows- Nei movemeni in funds At 30.6.24 Ai 1.7.22 Unrestricted fullds General fund 73,639 32,51M 1(kn,143 Restricted fuDds National Heritage Sundeiland City Council The National Lx>ttery Communiiy FUJYJ The Bemicia Follndation Conllnunity Fourylation Tyne and Wear 20.(KX) {20.Im) 850 15.(KKJ 850 15,IMX) 20.IXX) 7.450 27.450 TOTAL FUNDS 93.639 39.954 133.593 A current year 12 tnonth5 atKI prior year 12 monihs combined movement in funds. ]luded in the alx)ve are as follow5.. Resources extt]xled Movemeni in funds resollrs Unrestricted funds General fund 451.739 (419235) 325( Restricted funds is Council England Naiional Heriiage Sunderland City Council GMBC The UK Shared Prosperity Fund The Naiional Lottery CollulluDity Fund The Bernicia Foundation Community Foundation Tyne and Weat The SIE John Prie5tmaa Charitable Ttust 28.(MX) 1)0.054 13,156 30.0(K) 25.574 55,0(K> 10,1 10,rMx) (28,(KK)I (80.0541 112.306) 130.(KKI) (25574) 140.IKKI) 15,(XKI) 13.4(Xl} 15.(KX)I (20.rx)o) 850 15,fxKI 6.6(KJ 236,784 {229.3341 7,450 TOTAL FUNDS 688523 {fA8.5691 39,954 Sunderland CC This project successfully delivered fun, educaiional actLVlties foi early years children in Coalfields during school hnlidays, promoting inclusion and skill development. The activities focused on funciional ski115 in maths, English and digital iechnolo(ry through creaiive and outdooi se5sion5. while aiso fosiering confidence, social skills and environmental awareness. We worked with children from aieas of high deprivation. ieducinq barriers ro partiLipation. Aclii'itie% included naiiire exploiation. eeiatnic craf15. healih}' eating tducalion. bird feeding. Easier egg hunis and Seonal craf. all designed to inspire creativity. active lifestyle5, and environtnental stewardship. 22 conrinued..
MINERVA ARTS & WELLBEING NOTES TO THE FINAECIAL STATEIIENfs- continued FOR THE YEAR ENDED 30 JUPIE 2024 15. MOVEMENf IN Fuf4DS. tolltinued The piogrdmme engaged 80 childien across age gtoups14-7 and 8-11) in small. inclusive gioiips, SUPPOTted by DBS-cheLked and trained tutors. He4Llthy snacks were provid and children were connected 10 l(Kal OTntnunity groups. enhancing their overall Welllg. The National IAttery and Comrnunity Fund Department for Cvl¢ure Medi¥ and s)rt (DCMSI With the support ol the National Luiieiy and Comrnunity Fund and IMS. we delivered a trdnsfoimative Cost of LIng suppvrt progtamme eatliu in 2024. The project engaged over 3(K) individuals experiencing acute )verty and deprivation. tnany of whom were pro[outlY irnpacted bythe costof living ciisis and social isolation. Through this initiative. we f05tered resilience ID the COTnmUDlty by offering immersive arts activities. a safe and inclusive waim space to learn and conneci with others. access to essential f(MxI items and tailored budgeting skills support. This approach not only irnproved f]nancial citcumstallce5 for participants bllt $9 promoted long-ierni engagetnent through volunteering and other meanangful opwirtuni(ies. The National Lottery CotDtnuDity Fulld We successfully deliveied a wellbeing project in Sude[lad aitned ai SUP)n)ng BAME aT¥I E&steTn European individuals through a seiies of engaging activities and skill-bui]ding workshops. The Project focused ota fosteiing communiiy integratiaD and ernpoweiing Participat to ovetcon challenges such as language baryiers, cultural differences and feeling5 of isolation. Throughout the project. we worked closely with illdividuals who wete experiencing significant challenges, including a lack of safety and a sense of di5coDIiection frorn theit local communiiy. By providing a welcotning and supporiive environment, we encouraged participants to build collfidence and establish new connections. The pmjeci offered a variety of activities, including art5 and ciafi5 scssions thai allowed paflicipants to express themselves creaiively, share their culiural herithge and dei'elop new skn115. We also delivered (unciional skills development workshops, focusing OD essential areas such as English languatse supw)n. numeracy and IT skills. In addition, tailored CV Titing sessions were provided to help participants impmve their employability a1 take steps towards securing susthi]Mble employment_ Thruugh these activities. we helped panicipants develop praciical skills and build a sense of belonging within the Sunderland coltllnunity. Many aiiendees rewned feeling more cOnfent a[ less isolated. a[ they expressed appieLiation for the opwrtuniiy 10 connect with oiheTS who shared sirnilar experiences. The project highlighted the iMnanCe of undersianding and addressing the Unique challenge5 faced by BAME and Eastern European communities. By working rogeiher. we supporteLf individuals to overcome obstaeles and create pathways towards gteatei inLIusion. safely. and personal developmeni. Bernicia Foundalion We worked with foimer offenders ftom across Northumberland. North Tyneside, Sunderland. Gateshead and County Durham wtho were re5tdents at Pennywell Probaiion Hosiel. supp)rting their reintegration inta the community following, in many cases, yeaT5 of incarceration in Category A prisons. We successfully worked with two cohorts of fotllr oflendets (apptoxirnately 42 individuals in total), delivering engaging and praciical skills-developrnenl progranllning. These sessions, held one day per week for each cohort. focused enhancing panicipanis. funcii(Trnal tnaths. English and digit Copetenc1e$. We provided access to our di(Tjliil equipmeni and supwned participants I developinti their CV%. identifvinti their skills and irnprovino iheir etnployability. The sessions were designed to be hands-otL immeisil'e. PTaclical and engaging. offering a vaTiety of <LClivities that parricipgnts could choose ftom as vehicles for leatning. such as arts, cookery and gardening. These activities incorporated fuActiODal skills development and included rkshOpS aimed ai building CVS. We also supported participan(s in progresEing towatd further woik-related development and tTaining, helpino them idenlily and access accredited learning opportunities and addilional skills trainin Assistance was provided for Using digital tools 10 search for job vacancie5 and for developing model applications tailored to appropriaie work oppurtunities. Finally. we conducted follow-up evaluations with each individual six wteks after ihe conclusion of their Lour5e to assess ouicomes and PTOVtde funhei sUprt where nttded. 23 continued...
MINERVA ARTS & WELLBEING NOTES TO THE FINAliCIAL STA TENIENTS. continued FOR THE YEAR ENDED 30 JUNI2024 15. MOVEMENT IN FUNDS- Continued Community Follndation Tyne and Wear Due to overwhelming levels ol need in our community. we appld for and received supp)rt through the Conynunity Foundaiion 10 exnd ourcost of Living support programme in(0 April, May, a1 June 2024. Through this project exnsIon. we suecessfully 51JPWrted 75 additional iTr]iNryduals experiencing acuie povelly and deprivation who were severely impacted by the cosi of living crisis and Sla] isolaiion. This i(x)k our overall iotal 4(K)+ people we suptK)rted during ihe cosi of living ctiSTs. The project develorl resilience among participants. provided immersive ans engagement. a sale space io leatll and make frieThds, access io essential food Éiems, and budgeiing skills support. This improved fi]hancTal circum5tanccs ar promoied access to volunteering. lostering long-ierm panicipaiion opportunities. 16. RELATED PARTY DISCLOSURLS tknring the year the chariiy entered into tra]ksactions with coPanIeS a1 CIC'S of which a member of the key management TsOnnel of ihe charity is also a director or sbateholdct. These transactions were enteted on commercial ternis and were as follows.. Expenses paid to Telaied parties £4,37512023-. £30.8701 Donations received from relaied parties £1.49312023= £9.295) Workshop income received from related parties £47566. As ai 30 June 2024 an interest free loaD12023.. £6.305) Wds tepaid to a diTectoi who resigned on 26 May 2023 when MineTva Arts & Wellbeing converted to a CIO. 24
MINERVA ARTS & WELLBEING DETAILED STATENIENf OF FINAf*CIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 INCOME AND ENDOWMENrs Donations and legacies Donations 4.651 Other trading activitie5 Workshops Rental sncome receivable 174.553 1.944 52.717 176.497 52,717 IDvestment income Deposit account inteiesi 363 252 Charitable activities Grants 222,978 221,065 Other income Insuiance claiTn ieceived 10,(MX) Total incoming resour5 414.489 274.034 EXPENDITURE Charitable activities Wages and social Security Pensions Artists costs Purchases Postage and stsiionery Advertising Siaff training & welfare Travel & subsisience Room hite 178.(ll3 4,287 15,279 16,895 2,017 6,422 1,114 4,341 33,954 153,257 3,243 39,889 23,315 1.795 7.191 231 12,753 49.173 262.332 290,847 Support costs Management Rent L rate Insurance Light and heat Telephone Postage and stationery Sundries Bank charges Cleaning Repaiis and renewals Subscriptions Carried forward 1?.61K) 2,745 4,503 ,145 2.601 1,967 1,796 315 304 1,785 5,753 430 28.296 554 185 2,172 14,515 720 39,398 This page d()es noi forffl part of ihe siarutory financial Statements 25
MINERVA ARTS & WELLBEING DETAILED STA TEf¥lENT OF FIYANCIAL ACTIVITIES FOR THE YEAR Ef4DED 30 JUNE 2024 2024 2023 Management Brought foiward Software t)epreciation of plant & Chinery Depreciation of fixtures & fittings 39.398 1.936 28,296 396 2,055 4.912 3.561 46.436 35,659 Governance costs Accountancy Legal lees 6.840 3.947 2.265 243 10.787 2,508 Total resources eXpeIed 319555 329.014 F4et incomellexpenditurel 94.934 154.980) This page does not forni pan of the siaiurory finaJKial Staleen 26