Charity registration number: 1206119
BOSLA ARTS TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
Bosla Arts Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 8 |
Bosla Arts Reference and Administrative Details For The Year Ended 31 December 2025
Trustees
Ms Georgia Beeston - Chair Ms Sophie Watson - Trustee Ms Mo Langmuir - Trustee Mr Hussein Hussein Mohamed Abdelmagid - Trustee Mr Hossam Hassan Hussein Ahmed Fazalla - Trustee
Charity Number 1206119 Principal Address 5 Brayford Square London E1 0SG
Page 1
Bosla Arts Trustees' Report For The Year Ended 31 December 2025
The trustees present their report and the financial statements for the year ended 31 December 2025.
Objectives and Activities
Aims and Objectives
The object of the CIO is: the promotion of art for the public benefit, including but not limited to multimedia art, visual art, photography, film, dance, poetry and literature, by offering residencies to artists which provide facilities and mentoring for the development of artistic practice enabling them to produce art for public exhibition.
Financial Review
Funds Materially in Deficit
The charity received total income of £24,864 (2024: £75,844) during the year. After payments of outgoing expenses of £67,984(2024: £9,308), the charity was left with a deficit of £43,120 (2024: surplus £66,536) for the year.
Structure, Governance and Management
Governing Document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The trustees' report was approved by the board of trustees and signed on its behalf by:
Ms Georgia Beeston Trustee 21/08/2026
Page 2
Bosla Arts
Statement of Financial Activities For The Year Ended 31 December 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 2 EXPENDITURE ON: Charitable activities: 3 Support Costs NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7 The notes on pages 5 to 7 form part of these financial statements. |
31 December 2025 Unrestricted funds £ 24,864 |
31 December 2024 Unrestricted funds £ 75,844 |
|---|---|---|
| (67,984 ) | (9,308 ) | |
| (43,120 ) | 66,536 | |
| (43,120 ) 66,536 |
66,536 - |
|
| 23,416 | 66,536 | |
Page 3
Bosla Arts Statement of Financial Position As At 31 December 2025
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 6 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 7 |
31 December 2025 Unrestricted funds £ 24,616 |
31 December 2024 Total funds £ 67,736 |
|---|---|---|
| 24,616 (1,200 ) |
67,736 (1,200 ) |
|
| 23,416 | 66,536 | |
| 23,416 | 66,536 | |
| 23,416 | 66,536 | |
| 23,416 | 66,536 | |
| 23,416 | 66,536 |
The financial statements were approved by the board of trustees and authorised for issue on 6 July 2026 and were signed on its behalf by:
Ms Georgia Beeston Trustee
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Bosla Arts Notes to the Financial Statements For The Year Ended 31 December 2025
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.The financial statements have been prepared under the historical cost convention.
The charity is a Public Benefit Entity as defined by FRS 102.
1.2. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
1.3. Incoming Resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
1.4. Resources Expended
Liabilities are recognised as expenditure 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 settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1.5. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
2. Income from Donations and Legacies
| Donations and gifts Grants Other |
31 December 2025 Unrestricted funds £ - 21,410 3,454 |
31 December 2024 Unrestricted funds £ 575 72,443 2,826 |
|---|---|---|
| 24,864 | 75,844 |
Page 5
Bosla Arts Notes to the Financial Statements (continued) For The Year Ended 31 December 2025
3. Analysis of Expenditure
| 3. Analysis of Expenditure | |||
|---|---|---|---|
| Support Costs Support Costs 4. Support Costs Employee costs General administration Employee costs General administration |
Activities undertaken directly £ 17,811 |
Support costs (see note4) £ 50,173 |
31 December 2025 Total £ 67,984 |
| 31 December 2024 Support costs (see note4) £ 9,308 |
|||
| 31 December 2025 Support Costs £ 39 50,134 |
|||
| 50,173 | |||
| 31 December 2024 Support Costs £ 903 8,405 |
|||
| 9,308 |
5. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
Page 6
Bosla Arts
Notes to the Financial Statements (continued) For The Year Ended 31 December 2025
6. Creditors: Amounts Falling Due Within One Year
| Accruals and deferred income 7. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 January 2025 £ 66,536 |
Income £ 24,864 |
31 December 2025 £ 1,200 Expenditure £ (67,984 ) |
31 December 2024 £ 1,200 |
|
|---|---|---|---|---|---|
| As at 31 December 2025 £ 23,416 |
|||||
| 66,536 | 24,864 |
(67,984 ) |
23,416 |
||
| As at 8 December 2023 £ - |
Income £ 75,844 |
Expenditure £ (9,308 ) |
As at 31 December 2024 £ 66,536 |
||
| - | 75,844 |
(9,308 ) |
66,536 |
8. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
9. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 7
Bosla Arts Detailed Statement of Financial Activities For The Year Ended 31 December 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations Grants Other revenue EXPENDITURE ON: Charitable Activities: Support Costs Direct expenses Management Costs Travel expense-National Travel expenses- International Artist fee Computer software, consumables and maintenance Equipment write off Insurance Residency fees Podcast costs Printing, postage and stationery Event expenses General expenses Advertising and marketing costs Accountancy fees Legal fees Subscriptions Bank charges Charitable donations NET (EXPENDITURE)/INCOME |
31 December 2025 Total funds £ - 21,410 3,454 |
31 December 2024 Total funds £ 575 72,443 2,826 |
|---|---|---|
| 24,864 | 75,844 | |
| 24,864 (527) (17,284) (793) 754 (13,953) (311) (1,790) (146) (19,212) (2,062) - (6,257) (295) (1,524) (1,933) (450) (1,691) (59) (451) |
75,844 - - - (903) - (1,122) (1,063) - - (2,192) (2) (1,809) (55) (121) (1,200) (100) - (11) (730) |
|
| (67,984) | (9,308) | |
| (67,984) | (9,308) | |
| (43,120) | 66,536 |
Page 8