Docusbn Envelope ID.. 65786977.4A8&428C-BA5o.3A04(￿￿l70>l Charlty reglstratlon nLEmher 1204648 (England and Wales) Company registration number 13709751 BOHO ARTS LIMITED {A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 D￿Us[g￿ Envelope ID.. 657869774A85428c.BA50.8AO4(￿9170ps BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees J R Farthing (Chairl A Johnson H A Burion (Treasurer) S Henderson J KW StsageT B DS¢kenson H K Burton Dr. J R Kilburn Secretary B L Dobbing H A Burton Charity numb&r 1204848 Company number 13709751 Reglst•r8d offl¢ 210 Biddlestone Road Newcastle Upon Tyne NE6 5SP Independont gxaminor RMT Accounlanls & Business Advisors Lld G081orth PatkAvenue Newcastle upon Tyn8 NE12 8EG Bankers Lloyds Bank PIC PO Box 1000 BXI 1LT DOcu8￿n Envelope10'. 65788977-4A85.428c.BA5￿2AO4￿6917o9e BOHOARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Tru8lees' reporl Independent examiners report Slalemenl of financial aclivi1198 12-13 Balance sho$1 14 Notes lo the financial slalemenls 15-26 Docus￿￿ E￿elOpe ID.. 65788977-4A85-428C-SA50-3A0406917098 BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORTI FOR THE YEAR ENDED 31 MARCH 2025 The Iru81ees present Ihelr annual report and ffnandal slalemenls for the year ended 31 Mar¢h 2025. Th9 financial slalemenls have been prepared in a¢eordan¢e wilh the a¢¢aunling policies sel out In notè 1 to the rinancial slaten)enls and comply with the oharills goveming document, Ihe Cornpanies Aol 2006 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charilies preparing Iheir aocounls in Accordanca with the Finèn(#al Reporttng Sl8ndard applicable in the UK and Republic of Ireland (FRS 1021" 18ffective l January 20191. Objectivès and activitles Boho Arts is a chaiilable organisation whose obJectlves, as sel out in ils Artides of Associalion, are.. To advance Ihè 8rt8 for Ihè public bènèfit, in particu18r bul not excJusivèly Ihrough opportuniliès to Partakè in perfoming arts and allènd Ihèèlrical pèrfom)8nceg, and through thè provlsion of dram8, improvigalion, film-msking, musio, lileraluFe. visual arts and other arts workshops. Our Vision: A world of creallve opportunllies where everyone has a¢eess lo the arts a more Inlegraled socl&ty where they are seen, valu8d and haard. Our Mlsslon: To creale aC￿sSible spa￿S and activities where oommunilies. athsls and audienGes can come logelher lo eonnect, GOtlaborat6 and be creative,. By pulling 8cc8ss at tha heart of what we do. we will be indusive and encour8gé participalit)n in th& arts to inslil eoNfid8ncè, wéllb6ing and trÈativè fu5filmènl', By being repre88ntalive of ai)d re8ponsiv8 10 Ilie communily we serve, we will be dynamic and relevant,. We will be ambitious, bold and lake creative iisks. make space lo play. exp8rimenl, lail, leam and build on ideas lo be unconventional, progressive and innovalive., We will inspire positive change by using crealivily lo help break down Social barriers and release the collecllve imagination., and We wlll uphold envlronmenlal r6sponslbllily by nurturing 8nd safèguardlng our rl8n@I for tha wall￿1n0 of prèsènt and fulurÈ genÈrallDt)s. Alms and ObJBctlv&s Boho Arts plays an active role In N8wcaslle's ¢realive ecology, connecting eommunily participation with the city's wider cultural slralegy. Through participatory art$, Ouf pro9rammes foster Gonnection. creall￿ty, and well-bèing. W9 dtsllvef Incluslve, diveise workshops, p8rfom)ances, and cullural events in Nowcaslle and beyond, spedallsing in improvisation as perfomiaiice artform, creative tool and a life skill. Eiqdoncod lo Improve monlal hoallh. confid0n￿. and social conneciion, our work promotes lifelong learnlng. self-expression, and community cohesion. We be￿&ve that evèryona, régardlèss of baekground or circumstance, dèsaNes th8 chane8 io connèct, 8xpress themselves. learn new skllls and féèl p8rl of gomèlhlng blggÈr through the arts. Everylhlng we do Is participatory we Greate art with people. Whether through perfortnance, learning OT collaboralion, partiolpalion lies al the heart of our artis1￿ and educalional pRctice. By placing partlclpallon and learnlng al Ihe ¢enlre of our work, and through our valuès of ex¢e[l￿)Ce and empathy, Boho Arts alms lo forge ¢onne¢llon, confidence and ¢reallwly, helping lo bulld stronger, more Qompasslonale and resilient communllles. Docuslgn Erivelope ID.. ￿786977-4A85-428c-BAS(k3Ao4069fj7098 BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Public Benefit Tho Tiuslees Confirm that Ihey have compllèd wilh thè duly in seclion 17151 of the Charilies Act 2011 to hav8 due regard to the Charlly Commission's general guidancè on public bèn8fit, 'Charities and Pvblic Benefit.. Boho Arts achieve$ publlc benefit by 6nsuring Ihal all ils work 18 participatory, inclusive and Èccessible. Our core School of Iniprov programme offèrg high quality creative learnlng experiences and is open l() adults ol all ages, with a Ilered and affordable prictng slruclurè, bursary s¢heme and free al SOU￿ dasses provided Its remove finsnclal barrlers. Improwsation Is a powerful lool for Improvlng menlal heallh and emotional wellbeing, Èspéclally for our participants who lace isolation, anxiety or depression. Vvo focus on improving wellbeing, c￿nfidence and belo1￿l￿g, p2rticulgrly among paople who experience socyal isolalion or underrepresenlalion in the arts- inoluding people with disabilities and thos8 who are neUr(￿IVergenl. refugees. asylum seekèrs, and LGBTQl4 pariicipants. Our courses. classes and woikshops lake place in a fun, social and creative learnlng environment, enabling participants lo develop creative and transferablè lifè skills that enhance personal growth. Communi￿110N and emotional reslllence. For those who wanl lo perform, WÈ provide ample opportLJnities lo participate in real world performances whl¢h ara confidanoe boosling and empowering experlonces. The main activitiÈÈ undèrtaken for the puljlic benellt are: Delivering inclusive improvlsallon-ba¥ed workshops and tralnlng progrnmmps Ihal Comblnè cra8liv6 laarning wilh wellbeing, helping participants lo develop ¢onfldence, communicatson and collaboralion skills. Rullning Iho S¢hool of Improv, a year-round prograMmÈ of prograssiva learning for adulls, offering cours95. classes, laslgr sessions and participatory pertormancès. Slructur6d aeross 4 disllncl learning levels from Boginners lo Advanced, improvisation. stagecraft, volce, movein8nl, n3ryalive, devislng, music 2nd more associated Ihealri¢al tèchniques are incorporaled into our progiamm6. T1￿u[ghout the year, partiCApants are provided with en)powering, w81 wortd experience. performing al Ihealres and vanués lo livè 2udiences Prodii¢lng and perforinit)u orlglnal partl¢lpatory theatre and performancè prolèet¥ thal bridge the gap between audience and artist, such as Ihg Improvised children's musical Pl¢lU￿ Pal&ca. Delivaring outrèach and educatlonal projects for childn>n and young paople, partnering with Schools and community grovp51o nurlure crealivily, self-expression and Induslon. Leading the Creatlve Arts Hub capital prolèet lo transform a vacant building into a su8t8in3ble Creative ommur)IIy Spdee that will provide accesslble particlpatlon and learning opportunities lor all. Supporiing omorulng artigls and praclitione¥s Ihrough mentoring, training and employment opportunities, ensuring skills and knowledge #re sharéd wilhin a supportive community. Contrlbvtlons from Volunteèrs In 2024-25, Btsho Art8 was also supported by nlne active volunteers, who conlribulad their time and skills across a range of area8, including lechni¢al and stewarding roles at pèrformances, supporting dass facililatlon. safeguarding. market research and 8valuallon, and transporting donated goods for the Creativ& Arts Hvb. Their support is vilal lo the delivery of our programm8s and community engagement, and their Snvolvemenl embodies our pArticlpalory ethos. Through tsur programmè's community base. and wider connections wllh the loe81 ereatsve community, our website and soeial medla (hai)n6ls, Ihore 8r8 ov&Y forty volunteers who have reglstered thelr Interest to assist with preparalions and ffil.oul for the now Creative Arts Hub, demonsiraling th8 slrong community ownership and enthusiasm our work inspires. Strateglc report The descriplion under the hgadings Aehlevemenls and performance" and "Flnancl81 rÈvi&w" meet the company law requirements foi the Iiusloe8 to pre8enl a slralegic report. Docuslgn ErwÈlope ID., 657869774A&4428C-BA5￿3AO4o8*f7O9s BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIG REPORT) (CONTINUED) FOR THE YEAR ENDE[) 31 MARCH 2025 Achlevements and performanG8 Our slrslegy lo rÈÈlis6 our vtsion duling the year consisted of.. School of Improv Pyogramme The School of Improv continued lo expand as a fiagship piogramme. combinin9 artlsli¢ development wllh measurable social impact. 2024-25 was a Iransformalive yeaT. marking significant gTowih In reach, dlversSly, and organlsalional ¢apa¢lly. BeneficSarl&s and Incluslon OUT community comprise5 adults aged 18 10 81 fmm div8rsè bgckgrounds and walks tsf life, including people who are disabled and non-disabled, neijrolyplral and nèurodivwgénl lincluding individuals with Autism and ADHD), LGBTQl+ participants {including Irans and non-binary Individuals). and refugees and asylum 8eekers. Boho Arts doès not opératè sÈgr6g8tgd or silo groups. All participants share Ihe same inclusive. welcoming environment where difference is inlegr81ed rather than separat￿. Thls $611se of unlly and shared crealive experience lies at Ihe heart of our mission. Programme Scale and Partlclpatlon B¥iween f Aprfl 2024 ar￿ 31 March 2025. Boho Arts delivered 215 classes and 10 $how¢ase performartCè8, tolallin 0 225 ovtsnts. A¢ross these aelivili6s there were 1,978 class attendances and 496 audience members, amounting lo 2.474 ttstsl èngagements. We weleom8d 211 indivldual partlclpants, includlng If 3 newcomern and 98 returners from pr&vlous years. In total, the programma reached 709 b6neficiaries- comprising 707 partieApanls an¢J 2 trainees. OveT seven temis spannlng 40 weeks, we delivored flve to glght op&n-ac¢e55 class6s èach week, engaging 50-70 regular servlce users. Sessions were held al the Leonardo Hotel In Central New¢aslle Idireelly opposlle Ihe future Creative Arts Hub). while performances look placo al Live Theatrè, Alphabotti Thtsatfe, and Thè CLÈmberland Amis. Equallty, Dlvèrslty and Incluslon Our 2024-25 pro.qramme foGusèd on lh6 th&ms of "Equalrty, Dlverslfy and Incluslon.; supported by a £12,000 project grant from the Communily Foundation's Néweastle Cultural Inveslment Fund (NCIF2), oonllnulng Ih¢wr support Imir) the previous yeai's theme of °Opportuiiily.° This investment enablod Boho Arts lo.. Expand delivery from 176 10 215 cla8se8, increasing acctsss and reach. Provide 11 bursary pla¢è5 for refugees, asylum seekws and people of colour, who look up 149 class place8 and 12 showcasè performance places. Partioipanls, counlries of origin induded Ukraine, Iraq. Saudi Arabia, the Caribbean, Konya, Nlgorla and Namlbla. Deliver 6 free taster workshops offering 88 places, creallng accessible enlry polnls for ntsw partSclpanls. Train alld employ two new practltl0nÈr-teachè￿. The tsvo trainees completed a structured year.long pathway under executive i￿enIOrs￿1p, progrÈssinu ffom sh8dowlng lo pald delivery roles. Bolh are now conlracled part-time as leacher-pTaciilioneis, slrenglhening our de11very ￿paCItY and sustalnabi1l1y. Docuslgn Envelope ID.. 657869774A85428C-BA504A0406917096 BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 A naw p2rln6rship with Wesl End R8fug8e Sewioe (tVERSJ helped remove barriers lo pariicip8lion and embed inlegr81ion as a prln¢lpl8 ol our work. This largeled focus on inclusion rosullod a remarkable shlft in our partldpant b8se.' 21fjA of partlclpants were people of colour, and 34 attendees had English as a socond laiiguagts- almost a tènfold Increase froiM th6 prevSous year and well above Newcastle's 11.4°A city_wide average. Boho Arls warmly thanks the Commulllty Foundatlon lor théir ongoing support Ihrough the New(%slle CullLJral Inveslmeiil Fund, whose inveslmeni made ihls work possiblè. Health, Wellbelng and Social Impact Evaluallon evidÈnc8 dèmonslrales thAt thè School of Improv delivers profound benefits for mental health. emotional wellbelng, conftdence, and so¢i81 connection. Participanls d&scrlb¥ the sessions as joyful, uplifling, and Iransformalive - offeiing conneclion, laughter. and lilelDng friendshlps. These r8sulls allgn with nalional evidence that iegular arts participation Improves wellbeing and community cohesion. SuNey hlghllghtg of 56 respondents of 88 who attendttd our tastèr workshop8 ovèy thè year: 1000A fell Indudèd, suppor(éd, and had lun 96°/0 said sessions were sale and enjoyable 930/0 rèptsrtÈd 8 positive impaci on wellbeing 89QA fell more confident 790A plannÈd lo allènd further classes Participants across thè wld&r School of Improv Programme consislenlly d¢S￿1b8 Boho Arts as 'llfa-ch2nulng,' "a beaoon of hopa,. and 'a safe space for vulnerable adults.. Outcomes include.. Improved menial heallh and redu¢xd anxlely Insreased confidèncè, sèlf-èxprèssion, and social engagement A strong sense of belonging, particularly amtsng r8fugeas, neurodlv8rg¢nl p8rtl¢ipanls, and disabled people Renewed uealivily and mobvÈlion lo puisue artisllc or professional goal8 These arè lust a fèw hlghllghts for Partlclpanls. Testlmonlals: 'Improvisalion has completely Iiansfoimed my Ille.. 'Boho Arts helped me find my lusl for life agaln.. "As a disabled person, l ean lake part lully wlhoul needing support-these classes have given me Confiden￿ every artsa of my lifè.. "As a new arrival to the UK, Boho Arts helped me find frlend8 and feel part oflh8 community.. "Llving with deprègslon and anxi6ly, improv gives me a much-needed respile Irom negative thoughts. I leave class clÈarèr, calmèr, 8nd more oplimislio. °Le8rning lo fail and being coinplelely supported in those Moments has boen life-changing." °Saying yes nol only in improv bul also lo emollons in dally life has made me braver and more present. 'In addition lo how helpful improv has been for me, I con8lanlly seg the p(b$lllve Impact il has on 8veryonÈ 159. Loads of petrple in the community have had similar difficulties with stress and 8nxlèly and yèt comè across ¢(>nfidenl now. Il's therapeutio as muoh as it is educational and fuMI" Docuslgn Envelope ID.. 66786977-4A85-420C-BA5fv3AQ406917098 BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Artlstlc Growth, Impact and Legacy Thè S¢hool of Improvs Inclusivè cullure conlinues to spark new creative ventures.. alumni now lun comedy nlghls, skeich group$, and Edlnburgh Fringa shows,. others apply improv techniques in education. care. and community contexts. Parfieipanls consistently report thal Ihe work has Iranslormed their outlook on life and work. Many deserlbe improv a8 'a weekly d08e of croalivily Ihal does wonders lor my mental heallh." a way lo trust my Insllncts,. and 'a reminder that mistakes are part of being human." 'Improv has completely transformed my life. 11 gave me courage lo leav& a higlpprèssur8 NHS job and PUTsue a ￿eatIve Gareer helplng olhers in the arts.. "After beallng Cancer, rèturning lo improv rekindled my love lor performing and helped find myself again.. 'Aweèkly dose of performanae crealivily does wonders for me when I'm not perforrnlng professionalty.. "The first time I was asked lo perform with olhgis watching I was so s￿red I could easily have just bur51 into lears - bul I was really well supported by My partner lone of Ihe fa¢llilalors) and unbelievably it went W611. That was a huge experien￿ in learning lo Irusl. .1 have found that my fear of failuio has begn lessened Ihrough improv class. I feel fully supporied in class lo make mistakes and fail and in doing so, I learfted Ihal lalllng or bombing isn't as scary as il seems. Il's been very helpful in lackling performance anxSely, becausè I'vé ￿arned that I won't aclually die.. These stories underline the farTrreaching lègacy of Boho Arts, pra¢tl¢è building n)ore ora21ive. connecled, compasslonale, and iesilienl lives. We arè dég.ply gratèful lo all OLJr p8rtieip8nls, vohjnteers, and partner venues - Llve Theatre, Alphabetti Theatro, and The Cumberland Amis- whose collaboration Gonlinues to bring our work lo lile. developlng artislry and wellbeing, vital Sector Support We are graleful for addilional support Irom Community Foundatioll's Vitsl SÈctor Support Fund. The £2,30CI granl supported consu51anl Inpul and executive time lo begin developing a new business plan- 8fh Important slep In 51ronglhenlng our slraleglc and (inancial resilience as we prepared for the next stage of G3pa(¥ly t￿lk11ng and Ih capital protect Qaying the found¥llon of futurè support Irom NEBIC and Big Issue Investi. Outrèach Work and Other ProJeGts In addition to our core adult learning programmo, Boho Arts conllnued lo extend the reach and 8pplicalion of Impro￿$all0￿ across a range of selbngs. Outroach for Chlldren and Young People Boho Arts relurned lo Callerton Acad8my, laaching improvisalion to Year 8 and 9 pupils, and delivei8d creative workshops for Ballet Lorent (for partldpanls agéd 1￿}7) and Klds Kabln (for children aged 7-111. Thèse oulreach projects inlroduced young people lo impiovisalion as a m@alls of creative expression, cOnfiden￿- buildinu, and SOeAal ennneclion, relnforcing our comtnilm8nl lo acc6ssibilily and lifelony partldpallon In the aris. Plcture Palace- Pllot Project Plcture Palace is an improvised musical adventu￿ show for children 8nd their families where the children are the stars of the show. Créalad snd produced indapend8ntly by Boho Arts, il is an Original con￿p1 dew8ed by Ouf exe¢ullve dlreclors and performed by a slx-slrong ensgmble ¢asl of ac¢or-music4ans. DoGVSlgn Envelopts ID.. 65786977.4A85-428C-BA50-3A0406917098 BOHO ARTS LIMITED {A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT} {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Chmdren In the audlen¢è draw the seenery. slep onlo the stage, dre88 up in costumes, and act out their Imagined stories live, supported by IhÈ ènsemble and musician. The result is a vibrant. empowering oxpollonce for ¢hlldren and a moving, joyful everbl foi their faniili&s-biidging the gap belween audience and performgr, parent and Child. We piloled È proof-of-concept perfomiance al Alphabetti Tlioatrè on 5 October 2024 to an audience of 27 l¢hlldren aged 4-10 and Ihelr parents). The feedback was oulslandlng.. "It's two weeks since the 8how and my chlldren won't slop talking about it or slop singlng the songs. Please do morel" It's so unlque. I￿e never seen a better show for chlldrèn than Ihis-and I loved i( tool As a slructured improvised piece, èach performancè is diffèrenl, shaped by the children's imaginalions and the crealivily of the ensemble. The pilot of Plctiir& P*l$cè laid the found21ion for a new strand of Boho Arts, family programming. Pending aris funding. il has the potential for furthef Pgrfomantes al Alphdbelli Theatre. a new parinershlp for a run 81 Live Theatre, tours lo community venue8 arid schools, wlll be¢ome a regular fealure in Ihe new Crealive ArEs Hub once it opens in 2028. Improv for Bu81118SS During 2024-25, Boho Arts delivered workshops for HM Treasury and the Royal Colleg8 of Gèneral Practitioners, using the art of improvisalion lo explore communScation, creativity, and teamwork in professlona conlexls. These aclivilie5 allgn fully with our charitable mission by demonslraling how thè arts can enhance workplace wellbeing arKI collaborallon, while also generating valuabk uiirestrlcted Income that Suppo￿ our public programmes. Capltal Proléct D&v8lopm&nt 2Q24-25 was a plvolal year for Boho Arts. eapilal projeGI, wlh chalenges Over￿Me and major progrèss s￿ieved lowards 8ecuring the fuluFO Creallve Arts Hub. Early In the year. applications lo Arts CoLFllGiI England 1£440,0001 and The Natlonal Lottery1£250.0001 werè declined, pladng the orlginal £523.QOO conditional award from thè North East Comblned Authority INECAI al iisk. Nonetheless. Boho Arts relained the confidÈnc@ 8nd support of both Newcastle City CounGII INCCI and NECA, eceiving £24,347.$0 through Ihe Cré&llva Cgntr81 Now¢asllo Workspaoe Small Graiit Sch81n8 lo sustain dévelopment activity. This funding enabled the conlinueil appoSnlmenls of the cost consultanL project managgr and aceoss consultaiit. and the PTocurern8nl of a now design 18ain lead deslgnerlarchitect, structural, ar)d M&E •nglnaars lo revise the Stage 3 design8 and producg a ￿able phased plan for delivery. It also supported ollier prof8sslonal sekViCèS and facllltles essenlial lo the capital piolecl's dèvelopmènt. Boho's £10,000 designated Capltal Development Fund Wds used lo support cashflow and conlingeney durlng this phasè. In partnership with Creallve Central Newcostlè, 8 ravlsèd huslnèss case was developed for Phase 1 of Ihe proleet and submilled to NECA in November 2024. Boho's £44,000 from its 2023 crowdlundlng campaign also conlrtbuled toward the new £q.25 million project budget. In Febru2ry 2025, NECAS Technlcal Officers Group reoommanded an upllftèd eapltal award of £957,598, conditional on securing a further £250,000 In match funding. To safeguard the property whilg awaiting funding oonfirfflalion, Boho Arts enlered into a tenancy.at-will agreem9nt on 20 Dge&mb•Y 2024, securing temporary lenanl's rights wilhoul rent untll the 30-yeBr lease could be signed. This phase of the cap1181 lourney demtsnstrated Boho Arts, resillen¢è, uedibillly, and growing repulation as a key partneT in Newcasllo's Gre*llve Central zone. The continued backing of NECA and NCC reflacls sliong confidenc in Boho's leadership and the proleel's slrategia value for the city. Once complete, the Creative Arts Hub wlll provide a lasting physical home for partleipalory arts in Neweastle's Creative Cenlral zone. W8 extend sincere thanks lo NECA. Newcastle City Council. and Creatlve Central Newcastle for their continued beliaf in Boho Arls and their partneiship in r8a118ing Ihg futuro Creallve Arts Hub. Docu8￿n Envelo￿ ID.. 65786977-4A85-428C-BA50-aA0406917098 BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT} ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 8nclal revlew Total income lor the period ended 31 March 2025 was £82.47412024= 138.8881. The Charity rèporfed a surplus 01 £1,091 (2024.. TO,3651. Tha balanc8 sheèt shows tolal funds carrled lotward of £114,208 (2024.. £113,117) ol which £83,099 is r6slri¢ted12024.. £66,153). £39,099 of resld¢led funds are held In tangible fixed assets and £44,000 is expeiidable within the capital piojocl. In¢luded wilhln the unreslricled reserves is The Capital Development Fund is to be used lo bridge possible delays in receiving promlsed fundlng or managing payment in arrears conlracls. This has been designaled as £10,000. The charily dosed the yèar with a small operational surplus reflé¢llng planned Inveslmenl In ¢apadly bulldlng and pmjecl development. With confirmed mtjlli-year and proje¢l fLtrnding in place, the Iruslees consider BO1￿ Arts lo be In 8 slable financial posilion entering 202>26. Reserves poli¢y It is the policy of Ihe charity that unreslricled funds slK>uld bé maintained at a levd equivalenl lo Ihratr Ihonlhs ol operational expendilure, we have designated £17,000 for this purpose. This ensures financial stability and allows thè charity to respond effedively lo unexpeoled events or income fluctuations. At the year end: Unreslricled ieserves designated for core operations were £17,000. Unreslricted reserves designated to the development of the capital projecl were £10,000. These reserves are reviewed regularly to raflecl the variable nalure of the capilal project. Frée régérvés. défin8d as unrÈglricled (unds less any desiunated funds and the valu& of Tangible Fixed Assels, are £3,230. The Iruslees are satl8fied Ihal Boho Arts remains a going concem, supported by a strong furKling base, diveTse inoome streams. prudent finanoal marbagemenl, and effective oveT8ighl. Pyincipal sourcès of funds Boho Arts, rèvenue Ineome In 2024-25 was derived primarily froni unreslricl&d 6arned income generated through the School of Improv prooraMmÈ and olhar projècts al 70￿ 60h Ihrouoh donalions and inv6slmenls. The femaining 24dA of revpnue incomè coniprl8èd of Iwo rgxlriclèd gTanls from Ihe Commullily Foundation, which wer0 fully expended lowards prog¥amme delNery, and bursary 8UPPOrt, and core costs. The Irusloos are sallsfjed that funds have been applied in accordance wilh the charily's objects at)d funder agreem8nls. Capltal Grant Income and Expenditure Capilal granls linked to professional consulianGy and plannlng for the Crèallvè Arts Hub d&velopmènl from NECA and NCC, totsllino £24,347.50. were fully expended. Tha Irusl88s arè salisfi8d th8t those funds hava baen applied in actJ)rdance with the charitys objecls and funder agreemanls, an(f Ihat Ih6s8 Inv8sln)enls hav6 slrenglhened Boho Arts, readiness for the ￿pital dellvery phas8. Invèstment and Social Investment Policy ile a fom)al social Investment policy was not adopted in 202¥25. il will become a focus in 202￿26 as part ol Ihg so￿al Inveslineiil Plèii belng developed through Ihe Reach Fund with Big Issue Invesl and NEBIC consultants. The obje¢llvg 18 10 seeure Fl&xibl& Soci81 Fln8nce that supports long-term sustainability 2nd growth in sorAal impact. Oowsign Envelope ID.. 657869774A85.428C.8A5(k3A0406917098 BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future periods Building on the achigvemenls of 2024-25. Boho Arts will enter 202>26 wilh Tenewed ￿nfidanCe, slrÈnglh@ned govemance, and giealer financial resilience, underpinned by new mulli-year funding ¢ommllmÈnls. Thè nèxt elghleen monlhs will see significanl a¢llvlly for Boho Arts, eonsolid8(ing re￿nI growth, expanding organisalional ¢apacily. and prepaiing for the opening ol the Crèallve Arts Hub in October 2026. Key priorilies indude.. Capltal Project Dolivèry In June 2U25. NLCA'S Delegated Decision Report confirmed Ih8ir £987,598 capltal award wllh £250.000 from Nowcastlo Clty Councll's Accelerated Development Zone IADZI pending match lundlng. Thls was subsequently approvÉd by NCC in Saptgmber 2025, completing the Phase.1 £1.25 million project budget. which also includes £44.000 fyom Boho Arts, crowdfunding campaign. TI7e organisalion will now progross from doslgn and planning towards procurement and ¢onslruction durlng 2025-26. wSlh the Creatlve Art8 Hub scheduled to open In October 2026. Creative Arts Hutj The Creative Arts Hub, $cheduled to open in October 2026. will be a Iran8fomalivè 'Third Plècè°_ a walcoining crealive enviionmonl beyond home Ènd work where people can conneGt, collaborate, and belong. Design￿ lo ba inclusive, a￿esSIble, and ènvironmÈnlally SLJslainab16, the Hub will serve as a living expression of Boho Art8. partiapalory ethos, where Crealiwly is iJsÈd as s tool for social connection and wellbeing. The Hub Is Iha t￿lMination of four years of d&velopment that dearly evidonced Ihe need for affordablè, accessible. and flèxible creatlvè space. Comprehenslve markel research and oommunily consullallon idenlSlled a critical shortage of cenlr2lly located vfjnuos suitable for free141ncers, small organisalions. and underrepTesenled groups. Open seven days and nights a week, Ihe Hub is Projected lo w&lcome around 47,000 vlslts In Its first full yaar of operation, rlslng l(b 43,000 annual attendances by Year 3 as awarenèsg and pmgramminu grow. Mfilhin this total, we anlicipale 12,000-28,000 partlclpatory attendances through crealwe learning aclivili88, skills-based workshops. and ¢ommunlty ÈvÈnls, and S,000-1S.000 audience attendances for performan￿3 and showcase5. The Hub expects lo host 250-300 show8 each year, featuring 100-140 artlsts and groups who reflect Newcaslle's orealive dlverslly and lalenl. Each yeai, around 80-100 frèelance practltloners and grassroots oYganlsatloi)s Are expected lo use the Hub lo support Ihoir benefi¢laries Ihrough workshops, rehearsals, residencies, 8nd performances, generating reguEar (oollall and engagement across thé city's cullural and soeial communities. Comeetively, Ihis aclivily will make a measurablè eontribL¢lion to Newcastle's economic recovery, creatlve workforce development, and social wellbeing, posllionlno the Hub as a ¢lw¢ calalysl for Inclusion. crealimly. and partleJpallon. B8yond providlng physical spa￿, the Hub will dgliver lasting PLtbllc bèneflt by improving wellbeing. reducing Isol8lion, and loslering a sense of belonging Ihiough shared creallvts experiences. It will support pathways into 61nploymenl and creative enterprise, particulaily for peop18 facing soclal, econoinlc, or heallh-rèlated barriers. UIIIMately. the Creative Arls Hub wlll b8 more than a buildlnu- It will be a clvlc home for inclusivè arts praetlee, brir)ging people logelher lo leain, creale, and ¢onnecl. By 8mb8ddino participalion and sodal impact al ils core, the Hub wlll demonslrale how the arts can build slror)ger, heallhiÈr, and morè connected communilie5. Oryani8atlon81 Growth 8nd Programm8 Dèv•lopment The success of this year's 8xpansion, our owd&nce-driven approach and the proven impact of our S¢hotsl of Improv prouranime slrenglhened Boho Arts, repulglioii and credibllily wllh bolh cu¥renl and new funders. Boho Arts will benefil from new funding commiln)onls Ihal Strengthen dèlivery and resilience. These investments will also slrèngthen Boho Arts, ability lo expand Ils ueallvè lèarning offÉr and ènsure continuity of particlpalion as lh8 orgènisalion transitions into the new Crèativè Art$ Hub. Docuslgn Envelope ID,. 6578eg774A85-428C-BA50-aAQ406917098 BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {INCLUOING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Communlty Foundatlon's three-year core grant12025-20281 through Ihe Nèwcastlè Ciiltural Invèstmènt Fund - Ihls lime on our seleeled Iheme of Pio)perily - prowTdes £60,000 over tliree years, undorpinnilig operational 51abllily and worklDi¢e dÈvelopmenl, and enabling Boho Atts lo expand staff capacity and manage the orgynSs3llon's In¢roaslng 5oale. The Sir James Knott Trust has awarded Boho Arls a project grant for 2026-26. the tlrst from th? Trust to Ihè organisalion. whioh will help lowards venue hire cosls and the conlinualion of Ihe bursary scheme for the S¢htsol of Improv helping exlend participalion amonu peoplé who facé financial or soelal barrièr$. Boho Arts will continue lo seek further Investment lo sustain and expand Ihls vital programrne. To meel burgeoning demand, the School of Improv will inlroduGe iiew levels of progression and diversify our offer to include further performing arts concepts and forms. pro￿lding further leaching opwjrtunilies for freelan¢eis, and skills developmgnt f(w Irdinee prdcliliuners dnd volunteers. The next eSghleen tnonlhs wll see 3ignificanl activity not only in th8 capital build bul also in prepar￿ng Boho Arts. wider ciealive p¥ogramme in ils new home. The School of Improv Youth Theatre, and plloted programmes such as the Picture Palace and Sunday Gatherlng which were developed as prool-ol-concept projects, remain inlegral lo Boho Arts, long-lerm vision. These plans will bè further developed and funded through a eomblnalEon of Ir4dlnu income, revenua grants 8nd donations as part of the Cr&81ivè Arts Hub's communlly offÈr. Soclal Inve¥tment, Flnanclal and Strateglc Plannlng Through a Reach Fund award supported by Big Issue Invest. Boho Arts will work wilh NEBIC consultants In 202>26 lo develop a Social Inveslmenl Plan aimed al securing flexible soclal finan￿ Ihat underpins long-term susialnablllty and growth In soclal Impact, wilh staffing prolecleij lo InLreabe lo 15 FTE by tho end of 2028. In 202&26, the organlsalion will eslabllsh a wholly-(>wned Iradlng subsldlary, Boho Aits Trading Ltd. lo geneiale addilional incomè that Supports the d)arily's work. The Iradlng arm v*ll n)anage acliwlies such as the future café- bar, merehandisè sales, and corporate t¥alning workshops, ensuring that all comniercial activity is aligned with BohoArts' charitable purpose and Gonlributes lo ils long-lemi suslainabilily. Boh(> Arts will also establish a VAT group with its IradÉno subsidiary to ènsure &fficienf managèmènl of VAT across ¢haril8bla and commor(llal a¢livili¢s. This sliucture will prole¢l the charity's cultural exemptlon. maximise VAT recovery on capilal works, and maintain compliance as opeialions expand Ihrough the Creative Arts Hub and trading aclivily. Community and Volunteer Engagement Wilh over foriy volunleers ready lo conlrfbule lo Ihè slrfp-ba(*, fil-oul and thè fLJlura opèrallons of the Creallve Arl8 Hub, conlinuing partnèrships with WERS, AWlTrgb8ltl ènd Liv8 Tliè8lrè, and new relalionships formlng with hJ8wc&sll8 CollAgs'& ergallvè dÈp2rtménls, Boho Artg will ¢onlinu8 lo nurture community involvemenl, ensuring local people play an active role in shaplng Ihe space and ils lulure use. A particularly Insplring story is that of an 8sylum-se8ker who, afterjoining School of Improv Ihrough a bursary pl8e&, became a valutsd wmmunlly volunletsr, and since has bo8n initiated as a volunteer Iiaine8 faclilalor. His journey from Isolallon lo leadership exernplifies the deop and lasting impacl of our work on individual empowemi8nl and represonlallon. Taken from Ihoir leslimonial, their own words express their Iransformalive journey with us: 'These Ischool of Improvl workshops iminedialely became a beacon of hope for me. l finally found a purpose. I found a way lo saè thè poslllv8 thinos In 1118. Bohts hrtg havè helped me makè new Ifltsnd8 and connedlons. I've beÉn suffèring wllh social Isolation due lo my mental hèalth 9nd my Inabllily to Wafk as an asylum seeker. The frfends I'vè madé have no Issue with i￿Y slaltl8, My dream Is lo one day become a counsellor, who can. like Boho Arts, change people8. lives for Ilie beller.. Slortes like Ihls capture what Boho Arts slands for - creallvlly as ¢onne¢tlon. and particlpallon as a pall)way to belonging. Summary In summary, our plans wlll consolldal8 thè progrèsg madè In rÈi*nl yèars and prapare Ihe oroanlsabon for the next stage ol ils Journey- deliv8ring 8 Crealiva Arts Hub th81 ¢h8mplons partldpalion, Induslvily. alld the Iransformalive power of Ihe aris lor everyono. Thes8 piiorilies are guided by Boho Arts, long-letm vision lo embed crealiwly, conne¢llon, and inclusion al the heart of C1￿C life. Together with our commullily. Boho Arts is buikling not only a hub. L￿1 a legacy- a ￿ace where crtsallvily and connection wll Ihrivg for generallons. Docuslgn EnvÈlopÈ ID.. 65786g774A85-J128C-BA50-3A0406a1709 BOHO ARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 structure, governance and martagoment Risk Managomont Thé Iruslees malnlaln a fom)al risk règlstèr, I'èviawèd quartèrly and updated lo r&flÉcl operalional, fin8noial, and governance risks. Key ¢urrenl risks Indiide thè complèxSly of Capital prDPcl thè polenli81 for axetulivè burnout arising from sustained workload pressures. Mitigation measures inclijde aolive board oversight, succession planning, and recruitsnenl lo new fiiiancial, adminislr81ive, and op8ralitsn81 rolos In 2025-26 lo slr&nglhen leadershlp ¢apacily and oroanlsalSonal resilien¢e. The Iruslees remain confKJenl in Boho Aris. financial slowardship and ils capacily lo dolivor sustainable growth over Ihe comir)9 years. Boho Alls Limited was formed as a chaiilable company limited by guarantee, IrbCOTporaled on 281h O¢lober 2021, and became a regislered charity on 111h September 2023. Governance The charily is governed by a memorandum and aTtides of association. The governance Is thè iesponsibilily of the Board olTruslees, which lakes decisions on the strategic le￿ership of the organisalion by democfalic majority vole 8t its gafteral me6tit)gs, which take plac& throughout the year. The Board comprises of appolnted Iruslees. Day lo day managetnenl of Boho Arls Limilod is delegated lo 2 employees,. Bev8rltsy Dobblng AKA Bev Fox, CEO and Artislic Director, and lan McLauohlin. Execulivo Cioalivo and Technical Diroclor. The selllng of pay and remunerations ol employees is held at The Board of Trustees level. The Iiusloes, who aro also tho director$ for the purpo86 of eomp8ny18w, and who sérvéd dLJring th8 yaar and up to the dale of signature of the fillanclal slalemenls were.. J R Fatihing Ichair) AJohnson H A Burlon {Tieasurerl S Henderson J K Wseager D R F8wehinml B Dickenson H K Burton Dr. J R Kilburn (Resigned 23 May 20241 Upon 8ppoinlmènt, 811 trustèes are provided wilh role descriplions, an information pack including the annual rep(wi, mèmorandum and articlès of 8ssoaalion and policy and procedures. Existing trustees and staff part￿ipate in the Induction. Perlodic training is madè available lo the Board lo svpport Iruslees Sn their role. None of the trustees has any beneficial interest in Ihe company. All of the Iruslees ale members of the company aTKI guarantee lo contribute £10 in Ihe event of a winding up. statement of trustee8' re8F)onsibilitie$ The IruslÈÉs, who ara also th& direclors of Boho Arts Limited for the pvrpose of company law. are responslble for preparlng the Trustees, Report and lh¢ finandal slalements in accordance with applicable law and Uniled Klngdom AcTh)unling Slandard8 {Uniled Kingdom GeHorallyAccepled Acwunllng PraGllce). The Iruslees. report, including the slralegi¢ reporl, was apprtsved by thè Board of TFu$lees. J R Farthlng - Chalr of Trustees 23 Oclober 2026 10- Docuslgn Envelope ID.. 66788977-4A85-428C-BA5fh3A0406917098 BOHOARTS LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOHO ARTS LIMITED I report lo the Iruslees on my examination ol the finan¢lal 8lalemenls of Boho Arts Limited {Ihe tharlly) lor the year ended 31 March 2025. Responsibilities and basls of report Ag IhÈ IrusleÈs of thè charily land also ils direclot8 for Ihe purpose5 of Company IAW), you are responsible for Ihe pr8parallon L)f the flnancial slal6m&nls in accordance with the requirerllenls of Companl8s Act 2006. aving satisfied myself Ihal the financial slalemenls of the Bharily are nol required to be audited under Part 16 01 Ihe Companies Acl 2006