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2025-03-31-accounts

Registered Charity Number 1205742

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION)

REPORT AND ACCOUNTS For the year ending 31 March 2025

1

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Chair’s Foreword

I am pleased to present the Annual Report for Arts & Heritage CIO for the year 2024–25 — a period of both challenge and achievement. This year marked our first full year operating as a Charitable Incorporated Organisation, and it brought with it a renewed focus on income generation, organisational resilience, and adapting to new ways of working.

We have taken significant steps to strengthen our long-term sustainability, moving to a more flexible freelance associate model while continuing to deliver our core mission: bringing untold cultural heritage stories to life in partnership with underrepresented communities through the work of contemporary artists. In doing so, we have ensured that our work remains relevant, inclusive, and impactful.

Despite changes in our operating model, our reach and influence have remained strong. We have partnered with heritage organisations, artists, and communities across the UK, delivering over 30 projects and engaging more than 50,000 people through exhibitions, installations, screenings, and events. This has been made possible through the dedication of our team, the creativity of the artists we work with, and the trust placed in us by our partners and funders.

I would like to thank my fellow Trustees, our Chief Executive, our freelance associates, and the many partners and supporters who share our vision. Together, we are ensuring that heritage spaces remain places of dialogue, creativity, and connection for all.

John M. Nash Chair of Trustees

2

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Arts & Heritage CIO Charity registration number 1205742 Registered office Attic Office, Queens Hall, Beaumont Street, Hexham, Northumberland, NE46 3LS Bankers Lloyds Bank, 25 Gresham Street, London EC2V 7HN Independent Examiner Mr P O’Hara FCA, Chartered Accountant, 26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Documents

Arts & Heritage was originally incorporated on 13 January 2011 and converted to a Community Interest Company with effect from 7 December 2017.

It converted to a Charitable Incorporated Organisation (CIO) on 15 November 2023. As a CIO, it is governed by its constitution, which is in a form specified by the Charity Commission for a Foundation CIO whose only voting members are its Trustees.

Structure and Governance

The charity currently has a board of five non-executive Trustees.

Eligibility for membership of the charity, and membership of the Board of Trustees, is governed by the Constitution.

The Board meets a minimum of four times per year.

Detailed written Board reports and an agenda are prepared and circulated in advance of meetings.

3

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)

Trustees

The Trustees of Arts & Heritage CIO during the period and to the date of signing this report are as follows:

Ms M Bakir Mr D Carpenter Mr C M G Crofton Mr J M Nash (Chair) Mr R Sanchez-Camus

Ms E J C Anderson Mr P Bromley Ms J G King Mr C Seymour Dr B Parmar

Recruitment and Appointment of Board of Trustees

Potential new Trustees are recruited through open advertisement and a formal application process.

Trustees are appointed once the Board has authorised the selection, and on completion of the necessary registration paperwork. Trustees serve a formal term of 3 years and can serve up to a maximum of two terms. Every three years, the Trustees elect a Chair.

Trustee Induction and Training

New Trustees receive induction from the Chair and are provided with a Trustee Handbook and organisational resources.

Grant-making Policies

The charity does not currently engage in grant-making activity.

Contribution of Volunteers

The charity does not currently make use of volunteers within its activities.

4

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)

Reserves Policy

The Trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission.

The Trustees aim to firstly hold a level of unrestricted Reserves which enables the charity to have sufficient financial resources to meet various liabilities which would crystallise if Arts & Heritage CIO’s funding were to be withdrawn and/or it were unable to continue operating. At present, the Trustees estimate that the Unrestricted Reserves required for such purposes amount to approximately 3 months running costs, which in 2024-25 was £6,900.

Arts & Heritage went through a series of cost saving exercises overseen by the Board of Trustees in 2024-25. As part of this, it moved from a company with 4 members of staff to a flexible freelance associate model. This significantly reduced its liabilities and reduced the unrestricted reserves needed to guarantee the continuation of the company.

Arts & Heritage CIO currently holds total Unrestricted Reserves of £5,844 at 31 March 2025. Free Reserves, defined as non-designated Unrestricted Reserves less the value of Tangible Fixed Assets, are £5,844.

The charity intends through its financial management and budgeting processes to increase its Reserves over the next three years to reach and maintain the target level.

The Trustees regularly review specific liabilities at each Board meeting. The Reserves Policy is revisited by the Board annually in the light of progress against budget and is updated at the time of drafting the annual accounts.

Risk Management

As part of its annual business planning process, the Trustees of the charity regularly review the major governance, operational and financial risks the charity faces and confirm that systems have been established to mitigate these risks.

Arts & Heritage CIO has a risk management strategy in place which comprises:

5

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)

Risk Management (Cont.)

The Trustees are satisfied that appropriate financial systems and controls and employment policies and practices are in place and consider the key risks facing the charity at this time to be:

The Trustees have managed the potential impact of these risks by:

OBJECTIVES AND ACTIVITIES

Charitable Purpose

Arts & Heritage CIO’s charitable objects are to, for the public benefit:

1) advance education, in particular but not exclusively, by promoting the use of the contemporary arts as a mechanism to develop inclusive narratives around history and cultural heritage (whether tangible, intangible or natural) to ensure that heritage contexts remain relevant to the general public; and

6

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES (CONTINUED)

Charitable Purpose (Cont.)

For the purpose of this clause, ‘cultural heritage’ refers to the legacy of physical artefacts and intangible attributes of a group or society that is inherited from past generations, maintained in the present, and bestowed for the benefit of future generations. It includes tangible culture (such as buildings, monuments, landscapes, books, works of art, and artefacts), intangible culture (such as folklore, traditions, language, and knowledge), and natural heritage (including culturally significant landscapes, biodiversity, and ecosystems).

The company's principal activities are working with people to generate ideas and delivering community and education programmes nationally.

A&H forges collaborations that bring the untold cultural heritage of people, places, and collections to life, connecting heritage sites with wider and more diverse communities. Its vision, 'Exploring our pasts to create new futures', shapes everything it does.

Approach

A&H commissions artists whose socially engaged practices place people at the heart of their work. Its programmes encourage community co-creation, challenge narratives, and use heritage as a platform for dialogue about contemporary social and environmental issues.

How It Works

Heritage is a powerful vehicle for community led change and for exploring urgent, contemporary issues, enabling people to actively shape their own futures by seeing themselves represented in stories of the past. A&H believes that contemporary artists play a powerful role in navigating this change, because they collaboratively manifest new ways of thinking and imagine new worlds where untold stories can be shared and celebrated.

A&H sees engagement as a creative process; its artist-led, curated framework supports people to be active co-creators with voice and agency. It is underpinned by research with local people, hosted by skilled artist-facilitators. They co-select artists with socially-engaged practices who put people at the heart of their process, and whose diverse, intersectional identities equip them to work in solidarity with underserved people.

A&H creates collaborations, structures and resources that develop and embed relationships and skills. It works locally, as well as connecting nationally and internationally through our research and learning networks.

7

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES (CONTINUED)

Partnership Working

A&H focuses on supporting risk and challenges ways of working with heritage partners who:

It has developed strong national academic partners and builds and sustains broad networks of partners and stakeholders across a broad variety of specialisms in order to deliver its objectives.

A&H has co-initiated a national curators’ and creative freelancer forum for those commissioning artists' projects in heritage environments with an aim to support interdisciplinary exchange and advocacy across the varied sector supporting artists’ work in heritage environments.

A&H’s projects often involve consortiums from various sectors, and it partners with organisations that share its objectives and vision. Key partners include government bodies, local authorities, museums, charities, civic groups, youth groups, and educational institutions. Crucial to all this are artists, particularly those with lived experiences and people-centred practices.

Distribution Channels

A&H utilises various distribution channels to promote its work:

Project Management and Network Development

A&H also offers and develops skills in project management and network development, enabling it to deliver high-quality projects and foster innovative partnerships and organisational change. Its agile approach ensures it can adapt and respond to changing needs and opportunities.

8

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE

Summary of the main achievements of the charity during the year

Organisational Development & Strategy

Following its transition to a CIO, 2024–25 focused on strengthening A&H’s financial resilience and operational model. With support from a National Lottery Heritage Fund development grant, it worked with a fundraising consultant to build capacity and submit major funding bids. It also undertook an organisational review with Board input, reducing core costs by moving to a freelance associate model while maintaining programme quality.

A&H continued to work with Earthen Lamp to develop an evaluation framework that will shape how it assesses and communicates the impact of its work in future years.

Consultancy Highlights

A&H’s consultancy portfolio expanded to include:

Programming & Commissions

9

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the main achievements of the charity during the year (Cont.)

Partnerships & Collaboration

A&H maintained strong national and international partnerships, including with The Auckland Project, Birmingham Cathedral, Herefordshire Wildlife Trust, The V&A, Tullie House, South and East Lincolnshire Council Partnership, and Southampton Forward.

Internationally, A&H was a partner in the Transnational Art in Heritage Network led by Newcastle University, contributing to global dialogue and hosting a symposium on 'Common Lands' with international speakers from Norway, Ukraine, and Brazil.

Public Benefit

The Trustees confirm they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission and believe that Arts and Heritage CIO’s beneficiaries are appropriate to its aims, and that the public benefits from its work.

In 2024–25:

Evaluation with Earthen Lamp found that our work:

A&H’s work supported greater understanding and expanded the relevance of heritage sites and museums to those not engaging and the impact of its work on artists was significant, creating and increasing commissioning opportunities to support them to carry on creating work and engaging with wider audiences.

The Trustees do not consider that any detriment or harm flows from its work. Therefore, the Trustees believe that the charity meets both key principles.

10

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Financial Review

The out-turn for the year is an overall deficit of £(79,444) (2024: Surplus £5,553). £4,766 of this deficit related to Restricted Funds, reducing those ringfenced sums to £Nil.

This leaves a deficit of £(74,678) (2024: Surplus £787) on Unrestricted Funds, leaving a balance on Unrestricted Funds at 31 March 2025 of £5,884 (2024: £80.562)

PLANS FOR FUTURE PERIODS

The primary focus in 2025-26 will be to enhance agility, deepen community engagement, and secure a stable financial footing for the next three years by expanding the pool of associate producers and curators A&H works with, alongside realising projects for which it has been fundraising in 2025-26. Below are the key components of the organisation’s strategic plan:

Continued Shift to a Project-Led, Freelance Structure

Following A&H’s transition to a project-led and freelance-driven operational model it will expand this model into an associate freelance network. This change aligns with its increased focus on communityled work and diverse partnerships that are embedded, place based and diverse in their focus. The new structure will:

Strengthening Community and Civic Impact

Arts and Heritage CIO will continue to create tangible, long-lasting change through its projects by:

11

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

PLANS FOR FUTURE PERIODS (CONTINUED)

Board and Organisational Development

To support the shift in its operational model, Arts and Heritage CIO has refreshed its Board of Trustees, incorporating members with:

This realignment of leadership ensures that the Board is well-equipped to guide the organisation through its strategic transformation and it will continue to recruit new Board members on this basis in 2025-26.

Continued Focus on Fundraising and Financial Stability

During 2025-26, A&H will continue to prioritise fundraising efforts to ensure a secure financial base for its ambitious future programming. Key objectives include:

Enhanced Visibility and Strategic Partnerships

Arts and Heritage CIO’s Director of Projects has been seconded to Liverpool Biennial as the lead curator for the 2025 event. This partnership will:

Ramping Up

While 2024-25 featured scaled-back activity to focus on organisational restructuring and fundraising, it laid the groundwork for scaling up impactful projects in subsequent years. The organisation will now:

12

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

RESPONSIBILITIES OF THE TRUSTEES

The Trustees are responsible for managing the business of the charity and may exercise all the powers of the charity unless restricted by the Charities Act or the constitution of the charity.

The Trustees are responsible for the preparation of the financial statements for each financial year which show a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.

In preparation of the financial statements the Trustees should follow best practice and:

  1. Select suitable accounting policies and apply them.

  2. Make judgements and exercises that are reasonable and prudent.

  3. Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue on that basis.

The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity.

The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

DECLARATIONS

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005 by the Charities Commission England and Wales).

Signed on behalf of the Trustees

J M Nash Trustee

19 September 2025

13

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF ARTS AND HERITAGE CIO FOR THE YEAR ENDED 31 MARCH 2025

I hereby report to the Trustees of Arts & Heritage CIO (Charity Registration Number 1205742) on my examination of the accounts for the year ended 31 March 2025 set out on pages 15 to 25.

Responsibilities and Basis of Report

As the charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Having satisfied myself that the accounts of the charity are not required to be audited under charity law and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner’s Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 130 of the 2011 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods or principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Pete O’Hara, FCA, Chartered Accountant

Fellow of the Institute of Chartered Accountants in England & Wales

26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF

19 September 2025

14

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note
Income
Income from Investments
3
Income from Donations & Legacies
Income from Charitable Activities
4
Total Income
Expenditure
Cost of Raising Funds
6
Expenditure on Charitable Activities
7
Total Expenditure
Net Income/(Expenditure)
Balance brought forward at 1 April
Balance carried forward at 31
March
15		 Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
266
-
266
480
-
-
-
-
75,261
13,980
89,241
237,031
75,527
13,980
89,507
237,511
4,600
-
4,600
10,500
145,605
18,746
164,351
221,458
150,205
18,746
168,951
231,958
(74,678)
(4,766)
(79,444)
5,553
80,562
4,766
85,328
79,775
£5,884
£-
£5,884
£85,328

The notes on pages 17 to 25 form part of the financial statements.

All of the activities of the company are classed as continuing.

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

15

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL POSITION/BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed Assets
Tangible Fixed Assets
11
Current Assets
Debtors
12
Cash At Bank & In Hand
Creditors – Amounts Falling Due Within 1 Year
13
Net Current Assets/(Liabilities)
Total Net Assets
14
Represented by:
Unrestricted General Funds
15
Unrestricted Designated Funds
15
Restricted Funds
15		 2025
2024
£
£
-
-
4,113
7,884
10,017
85,467
14,130
93,351
(8,246)
(8,023)
5,884
85,328
£5,884
£85,328
5,884
80,562
-
-
-
4,766
£5,884
£85,328

The notes on pages 15 to 25 form part of the financial statements.

The Trustees are satisfied that for the year ended 31 March 2025 the charity was entitled to exemption under section 477(2) of the Companies Act 2006.

The Trustees also confirm that the Members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006

The Trustees acknowledge their responsibilities for:

(i) ensuring that the charity keeps adequate accounting records which comply with section 386 of the Act, and

(ii) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the charity.

These financial statements were approved and signed by a Member of the Board of Trustees on 19 September 2025.

J M Nash

Chair of the Trustees

16

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies

Basis of Accounting

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006 and the Statement of Recommended Practice (Charities SORP FRS 102) "Accounting and Reporting by Charities" and the Charities Act 2011.

The financial statements have been prepared on the historical cost basis, modified to include certain financial instruments at fair value.

Advantage has been taken of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a statement of cashflows.

The financial statements are prepared in sterling, which is the functional currency of the charity.

Taxation Status

Arts & Heritage CIO is a Charity registered under the 1960 Charities Act and is accorded exemption from liability to taxation on its income under S505 Income and Corporation Taxes Act 1988.

Going Concern

There are no material uncertainties about the charity's ability to continue.

Income

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy.

The following specific policies are applied to particular categories of income:

17

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies (Continued)

Operating Leases

The charity classifies the lease of certain types of equipment as operating leases as the title to the equipment remains with the lessor. Rental charges are charged against income on a straight-line basis over the period of the lease.

Tangible Fixed Assets and Depreciation

Depreciation is provided on any fixed assets at rates calculated to write off the assets over their remaining useful lives as follows:

IT & Office Equipment

A full year’s depreciation charge is applied in the year of acquisition and no charge is made in the year of disposal.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial Instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost where there is a material adjustment.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for specific purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

18

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies (Continued)

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events believed to be reasonable under the circumstances.

There are no significant judgements or estimation uncertainty included within the financial statements.

Pensions

Arts & Heritage CIO contributes to a defined contribution pension scheme.

For the defined contribution scheme, the amount charged to the Statement of Financial Activities in respect of pension costs is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the Balance Sheet. Further details can be found in Note 9.

2. Income from Investments

Bank Interest Receivable Unrestricted
Funds
£
Restricted
Funds
£
2025
£
2024
£
266
-
266
480
£266
£-
£266
£480

The 2024 total of £480 was wholly attributable to Unrestricted Funds.

3. Income from Donations & Legacies

Donations & Gift Aid Unrestricted
Funds
£
Restricted
Funds
£
2025
£
2024
£
-
-
-
-
£-
£-
£-
£-

19

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

4. Income from Charitable Activities

Grant Income
Arts Council England (ACE) – Common
Lands
ACE – Transition Fund
All Our Histories
Art
Fund
–
Curatorial
Forum
Development
Art Fund – Resource Hub
Elmley Foundation
Catherine Cookson Trust
Hereford City Council
Herefordshire Council – Common Lands
National Lottery Heritage Fund
Other Income
Commissions & Consultancy Fees
Other Income		 Unrestricted
Funds
£
Restricted
Funds
£
2025
£
2024
£
-
-
-
31,413
-
-
-
139,390
-
-
-
3,199
-
-
-
500
-
-
-
1,500
-
10,000
10,000
-
-
1,000
1,000
-
-
2,980
2,980
-
-
-
-
3,000
-
-
-
10,000
-
13,980
13,980
189,002
24,428
-
24,428
36,899
50,833
-
50,833
11,130
75,261
-
75,261
48,029
£75,261
£13,980
£89,241 £237,031

Of the 2024 total of £237,031, £187,419 was attributable to Unrestricted Funds and £49,612 to Restricted Funds.

5. Expenditure on Raising Funds

Fundraising Consultancy Unrestricted
Funds
£
Restricted
Funds
£
2025
£
2024
£
4,600
-
4,600
10,500
£4,600
£-
£4,600
£10,500

The 2024 total of £10,500 was wholly attributable to Unrestricted Funds.

20

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

6. Expenditure on Charitable Activities

Direct Project Costs
Direct Costs
Freelance Fees
Salaries & On Costs
Support Costs
Depreciation
Other Administration Costs
Governance Costs
Accountancy & Payroll Fees
Independent Examiner’s Fees
Legal & Professional
Trustee Meeting Costs		 Unrestricted
Funds
£
Restricted
Funds
£
2025
£
2024
£
23,079
8,706
31,785
52,369
21,240
10,040
31,280
46,405
93,938
-
93,938
111,509
138,257
18,746
157,003
210,283
-
-
-
641
5,413
-
5,413
7,790
5,413
-
5,413
8,431
-
-
-
240
1,260
-
1,260
1,260
-
-
-
15
675
-
675
1,229
1,935
-
1,935
2,744
£145,605
£18,746
£164,351 £221,458

Of the 2024 total of £221,458, £176,612 was attributable to Unrestricted Funds and £44,846 to Restricted Funds.

7. Net Income/(Expenditure)

Net income/(expenditure) is stated after charging/(crediting):
Depreciation
Independent Examiner’s Fees
Independent Examiner’s Fees – Other Services
Operating Leases – Land & Buildings		 2025
£
2024
£
-
641
1,260
1,260
-
240
-
1,125

21

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

8. Staff Costs & Trustees’ Remuneration

Gross Salary Costs
Employer’s National Insurance
Employer’s Pension Contributions		 2025
£
2024
£
88,580
104,102
3,447
4,983
1,911
2,424
£93,938
£111,509
The average number of staff employed during the period, calculated as full-time The average number of staff employed during the period, calculated as full-time
equivalents, was as follows:
2025 2024
No No
Artistic Production and Support 3 4

No employee received remuneration of more than £60,000 during the period (2024 - Nil).

£146 in travel and subsistence expenses was reimbursed to 1 Trustee (2024: £392 to 4 Trustees) in respect of their work on behalf of the charity.

No remuneration has been paid to any Trustees/Directors in the year. No sums were owed to Trustees/Directors at 31 March 2025 or 31 March 2024.

9. Pension Scheme

Pension benefits are provided through a Group Personal Pension Scheme, which is a defined contribution scheme. The assets of the scheme are held separately from those of the company in a separately administered fund. In the year to 31 March 2025 Arts & Heritage made an employer's contribution of 3% of pensionable pay, provided that the employee makes a minimum contribution of 5%.

These amounts are paid over to the scheme on a monthly basis.

Contributions of £210 were outstanding at 31 March 2025 (2024: £487).

22

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

10. Tangible Fixed Assets

Cost
At 1 April 2024
Additions in year
Disposals
At 31 March 2025
Accumulated Depreciation
At 1 April 2024
Charge for year
Disposals
At 31 March 2025
Net Book Value
At 31 March 2025
At 1 April 2024
11.
Debtors
Trade Debtors
Prepayments
12.
Creditors – Amounts Falling Due Within 1 Year
Other Taxes & Social Security Costs
Pension Scheme Creditor
Trade Creditors
Accruals		 IT &
Office
Equipment
£
Total
Fixed
Assets
£
1,924
1,924
-
-
-
-
1,924
1,924
1,924
1,924
-
-
-
-
1,924
1,924
£-
£-
£-
£-
2025
£
2024
£
2,950
6,566
1,163
1,318		 IT &
Office
Equipment
£
Total
Fixed
Assets
£
1,924
1,924
-
-
-
-
1,924
1,924
1,924
1,924
-
-
-
-
1,924
1,924
£-
£-
£-
£-
2025
£
2024
£
2,950
6,566
1,163
1,318
1,924
1,924
1,924
1,924
-
-
-
-
1,924
1,924
£-
£-
£-
£-
2025
£
2024
£
2,950
6,566
1,163
1,318
£4,113
£7,884
2025
£
2024
£
2,689
2,561
210
487
3,537
-
1,810
4,975
£8,246
£8,023

23

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

13. Analysis of Net Assets between Funds

Fixed Assets
Debtors
Cash at Bank and In Hand
Creditors – Amounts Due Within 1 Year		 Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
-
-
-
-
4,113
-
4,113
7,884
10,017
-
10,017
85,467
(8,246)
-
(8,246)
(8,023)
£5,884
£-
£5,884
£85,328

14. Analysis of Charitable Funds

Fund at 1 Income in
 Expended
Fund at
April 2024 Year in Year
31 March
2025
£ £ £
£
Unrestricted Funds
Charity General Fund 80,562 75,527 (150,205)
5,884
80,562 75,527 (150,205)
5,884
Restricted Funds
Catherine Cookson Trust - 1,000 (1,000)
-
Elmley Foundation - 10,000 (10,000)
-
Hereford City Council - 2,980 (2,980)
-
National Lottery Heritage Fund 4,766 - (4,766)
-
Total Restricted Funds 4,766 13,980 (18,746)
-
Total Funds £85,328 £89,507 £(168,951)
£5,884
Name of Restricted Fund Description, Nature & Purpose of Restricted Funds
Catherine Cookson Trust Towards the cost of a new exhibition being developed in
partnership with established artist Ruth Ewan and National
Trust Cherryburn as part of A&H’s national programme
Common Lands.
Elmley Foundation Towards the cost of Common Lands
Hereford City Council Towards the cost of Common Lands
National Lottery Heritage Fund Towards the cost of inspiring change and creating new
futures.

24

ARTS AND HERITAGE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

15. Related Party Transactions

Details of transactions with Trustees are disclosed in Note 8.

There were no other transactions in the year with related parties, such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities (Effective April 2008) (2024: None).

16. Financial Commitments

No material financial commitments have been made in respect of future financial periods. (2024: None).

25