2024-07-31-accounts

RECISTERED COIIIPAN), NUNIBbR: 02147908 IEiiglAn(l aiJ¢l Il'ales) REGISTERED CHARITI, NU￿lBER. 297474 INDEPENDENT ARTS UnaudSted FlnAn¢i#l Sihtenieiits for Ihe Year En(led 31 July 2024 Tiidor John Liinited Niglilitigale Hous¢ 46-48 Ea91 Str¢¢i Epsom Syrrey KT17 IHQ

INDEPENDEN'f ARTS Conltnts of Ilte FfrnHii¢l#l SIAlenJeii¢s loi. fli¢ ytii. Qiided 31 July 2024 Pag¢ Rei)Di't of Ihe Trust¢es liidei)endeiil EAAnJiner's R¢i)ort SIHlemenl of FlnAiielal Actlvltles Bfilince Sheet Notes to the FliiAnrlsl Slxtements 10 to 14

INDEPENDENT ARTS {REGISTERED NUN1JIER: 02147908) Repoyl of tlie 1'YtlSlees ror tlie >'tr enrt￿l 31 July 2024 The Iriisiees wlio are Thlso dirrttors of ihe charit), for Ihe purposes of Ihe Coillpaiiies Acl 2(K>6, pres¢iit tlieir T¢port willi tl)e fiiiaii¢ial siaieiijeiiis of Ilie cliarily for Ilie year elided 31 July 2024. Tlie ITuslees have adoplcd the provisiojis or Accoujiliiig and RepurlinB by ChArilie5.' Staleinenl of Re¢oJi)Iiieiided PrAclice applicable lo clJaTtlies preparing tlieir occoiiiils in accordaiice H'ill) Ihe Finwi¢ial Reporting Siazidard applicabl¢ iri the UK and REpublic of Irelaiid IFRS 102) leffe¢liv¢ l January 20191. OBJECTIIIES AND ACTIVITIES ObSeetlves RTtd fiiiiis Iiidependeni Arls is an Isle of Wigljl Charity, established iii 1987, usiiig the aTts lo improve wellbeiiig, qiiality of life nd lo redir¢e social isolation. Ille believe Ihal has o pDsitive imp&ci on mental healili al all stages of life, and we deliver vital services acioss all &ges. niiiidful of Ihe range ofneeds.. Ofletj oldei people oil the 151¢ of Iviglil are ainongsl the njosl vulnerwble including those iii Ca￿ hOl￿¢S aiid tliose of tlje frii)ges of social cate. h4ore Ilion oiie Iliird of cliildtert oji Ilie IslHiid live in poverty, si￿71r1can¢ numbers of childleii ideiilified iviih special ediicaiional neeils aiid theTe are 41)igli¢r propDrtioJi ofchildTe41 failing to a¢l)i¢v¢ basic literACy and nitineracy 5tandard5 iii year 6 Ilian 4¢ros5 Eiigland. Mer)thl lJe41ili servi¢¢s are str¢l¢hed, whi¢h ¢an affect people of any age. Arts and wellbeiiig are itilerliiiked, wid we fociis oji briiiging arts 10 those Ivho miglil not otherwise be able to benefit fro] them. To fiirther the Chaiity's purpose5 for the public be￿¢fil, w¢ carried oiil the following aciiviiies: Ive engaged liighly skilled aiid iraiiied arls pra¢titioii¢rs to provide a wide raiige of C￿alIve 8clivitie5 aimed at IIIIPToviiig wellbeing and rtdii¢ii)g loiieliness iniong older pcople, especially Iliose liviiig in care IIDIMes. Vc designed 8nd deliv¢red a raiige of illSPiFaiional crealive aclivilies fw ¢liildreii and young people. togeilier willi their f8niilie$ or iliro(Igli partnership arrAngeinenis willi IOIV Couneil's faniily services, schools, and the home school iietwork. Ive larg¢ted oiir suppori to ar¢4?s of deprivation aiid to iliose Fiiost affected b), li¢altlJ ineqijalities. We reco8nise Ihat isolation, bereaveinenl atld poor liealiii ¢aiised by Ilie paiidEmic is still liavin8 a profound impa¢l on Ilie wellbetng of people across the islaiid Crealiiig an even greaiet need for our eoittniuiiity aclivilies aiid wellbeing support. Ive soiighi 10 siipport ttn increasing nuinber of partIC￿valitS ivith iiienlal Iiealth issiies, especiAlly yoiiiig people - Ind we souglit ivaJ$ io iii)prove our skills aiid knowledge iii this Brea further, ¢nsiiring oiir siatralso felt supported by tlie incliision of peer siipport woikers. V¢ conliiiued our resolve to ivork ¢ollAlyoralively Aeross the comn)unity' atid lo tnake Arts for wellbeing aetivities aec¢5sible for all. Ive iiiidertook specific place.based acliviiies to proniole tlie ciiliiiTal asset5 of tlie Isle of Iviglit aiid lo raise aspitalivns especially Amoijg young pcople, ofih¢ natitral beaiiiy atbd of the UNESCO Bi05pIEere 5ta(Iis. Our Creaiive Hiib colllinued as a desiyjated saf¢ space a5 a Ineans of supporting wellbelrt¥ #lid ¢Dwiiraging inilial ¢iigagenienl iij arts activities open lip to six days a week. Pul)Ile benefit The Triislces Iiave read Ihe Commlssithi's Plibllc Benefit requir￿)7£￿1 staliilory giiidaiice and hRve had ieg#rd to Ihis Ivlien Niiiiiiig th¢ Chariiy. Page I

INDEPENDENT ARTS (REGISTERED NUMBER: 021479081 Repoi'l of Ilie 7'rustees for the >'eAr eiid¢d 31 July 2024 ACHIE)'F.ThIF.NT AND PERfoRMANCE Ve conlinved to riiii oiir loiigslaiidiiig programnies in tlie ctsiiimiiiiity. in eare lioimes, iii scliools aiid al ihe Creative Hiib in Newrl. Some Rdjiisliticiils lo schcdulinLP were Jiiade aiid Pkdi¢ipaiils Allending Sill￿bOut aiid D&nceMakers ivere Comsiilitd aiid asked if ihey coiild pay a siiiall iv¢eKly oi Inonilily coiilribui1011 toivards Ilie eosis. whilst fiiiidithg oniinucd lo be H cliallenbTe. IVIIEfo p05sibl¢ iv¢ strov¢ lo maiiithin sessions bui did PAuse OT cease session5 wlicre eiiheT Ilie aiieiidee Iiiiimbers Imade them iiiiviable. or iyljere groups coiild be eoinbiiied 01 moved lo free venuE5, iY¢ did. This resiilied iii clo$iiig tlie SingAbDlIt session in Beiiibridg¢, rediicing East Cowes lo a foriiiighily sessioii Rnd toii'ards the end of Ilie year, taking Ihe ioiigli deeisioii 10 close Dan￿makerS iii SaiNEoivn and Neivpori aiid lo pai￿¢ D&i)ceSei)se, Itntil sv¢li lim¢ as grant fuiiding for Iliese sessioiis is foiiiid. As a re5ylI, tlje ¢lJarity'$ aclivilies, Iliroughoul ihe year ineluded the followin8'. 6 SiiigAboiil sessions lasliJi8 two hotlTS each IfiY¢ weekly and one fortnighily groiipl led by professlonal arfists, enabling 18D older adulis lo enjoy a coiivivial and S￿lable iiiiie 10 siiig. Several 6-Iveek eourses of Singiiig for Br¢Jiliin& aimed at iniproviiig liing Iiealth due lo Iespiralory coiidiiions and anxiety related breathing issues. 4 iveekly dhnct sessioiis Aiined al inipioving balance. p05ture and pliysical 8¢livity for those espe¢ially willi Teduced Iiiobility aiid iieuiological condiiioiis. 2 iv¢¢kly ¢raft sessioiis aiined al older adtilts, Iiiany of wliom live Aloiie or iii local secure living aecojllinodation. Drop-in sessiojis to eiicourag¢ iiitergeti¢rattoJial coniinunication ihrougli Make & Creaie and Chess play. Pter 51JPPOrt session5 held lo iinprove support fo¥ adults with Inenthl lieallli ¢onditioJig. Ve proyidcd a full raiige of arlist led iyorkshops for Well￿117g to.10 island ¢aTe honic5 inc1iidi￿g Jn115ic, sin8lD81 craft, remi#iscence and Soundbeaii), av¢ragiJig 34 x l-hour s¢ssioKs every week. Ive alsD dcs1gll￿ delivered our i51aiJd inspired educatioii probritnm¢. IVaY¢lenglli, whi¢h engaged of pupils aiid parents. IAkiiig as a ihenie island-bksed iiiiiovation aiid iEIEeniiity- Our aim was lo eijibed ¢realivily inlo Ilie s¢ieiice ¢iirri¢iilun) aiid lo fosier ilMPTOVtd learning and sofi Skill oiilcoincs. Ve C￿￿ted a wliole Iiew suile of projects uiider Ilie ArtsL&b lial￿t, aiiiied yl i11spiring young p¢opl¢ to iise tli¢ir r¢ativity 10 l¢arii new skills Ili&l ivoiild help biiild self.¢onfidence, learii ieehriiqiies to improve Ilieir iueiilal healtli and develop tljeir a5piralioJis and voice iii Iheir cojiimullily. On avera¥e 850 porti¢ipanls were supJx)rted every iveek - ii) various commuiiily sellings. in eare homes irt thc Creative Hiib in Neiyport. More Ihlii 40 piofes5ioiial arts praclilioiieis ivere engaged to siipport (he delivery, ofproje¢ls aiid ii'orkshops Dtszei)5 of exi51ing aiid neiv volunteers were e￿gaged to welcom¢, tiiirtlEre wnd support panicipAnis aiid io help mainl&in excelleiii beliind ihe seeiies furtclieiiality Iiiviled families io aiieiid Tecognilion eveiiis at tlie Hlib io ack'[￿ly]Cdgc Ilie giccess of Ilieir children iiivolved in creative proje¢ls 7 exliibilioiis of crealive work were ciirated and prodiiced, to celebraie the acliievenieiils atbd the creative Iiealih of Ilie 151anrf. How people we'v¢ lJ¢lp¢d thi5 year: Ille liavc liclpcd inorc Ili&ii 1,200 people tljis y¢ar, m05t of thcin Ihrough regvlar %VEekly coiitact aiid pa¥ti¢ipation at a 90.12011)iii arts-bxsed session. Changes In oiir orgAnlsAtion find work: Ive ale supportiiig willi iiiow¢ yoiiiiger people wilh m8rty complex JJeEds aTlSiNg from poverty, JieiiTodiver¥etJ¢¢, spe¢ial educRlioiial Iieeds and poor meiilal health. 3 n¢iv truslees, wilh lived expe¥ieiic¢, at1s, Iii¢nlal Iiealih, psy¢liiatri¢ Care, fundraisiiig skillseis appoinled early i 2024. As i%e iYril¢ this rew>rl, we are pl8iitiit)g a cliang¢ iE] leadership. follo￿,1￿18 tlie Jnove by Lisa GagliAni as CEO siiice DeCei￿ber 2019. TTiist¢¢s Iiave led re¢ruiliiieiit for LisA's sU￿e$SOr ivlio is Rosaiiiia Hoiisloii, wlio joined us on .ioIII Sepienib¢r 2024. A sinooili traiisiiitsii handover ivas I1￿M￿gI11Y plaiined. Our I)I￿￿￿e$l Rclilevemtnts: Ve feel Iiiosl proiid ivlieta our participants sponlaijeoiisl), tell us Ilie difference Iljey feel.. PRge 2

INDEPENDENT ARTS (REGISTERED NUMBER: 02147908) R¢port of tht Ti'u5tets for the year endeil 31 July 2024 Eileen fToni Creative Cafe today - 'If¢el so iiiiicli beiiei. slii¢e l'ie sl(71'1ed coiFiiiig liere. il is helpiiig ipie gel oiyr iny caiicer. Ihadlosi ilie coiifideiice lo speak iopeople bill itois, J uni cliiilliiig cigciiii so iiiiicli ilial iiiydoiiglilei'says il is like havinga neis, Iniini. A participant of wellbeing cafe taking part in soap carving'oh l just lovt doing thi5. 1 really lov¢ it li¢re! "Il'hfil a blg dlffeien¢e SlIRglKgfoJ' BreftililnghJ$ #iftde io my headandphysiclllly, Ifeel beller ihan Ih&ve Inyeoislll 'I'i'e hads¥¢li ciiifiil dayois¢hool0￿d$Q rteededio ¢￿￿e heiy" Evie, ArtsLab participant A si#ullseleclion oJoui' iTrNge ofaclivilies. FINANCIAL REVIEIV Flnanelal revlew A r¢view of the ChArity's financial position at the end of the year eoncludcd that the yearfs finaii¢¢s w¢r¢ ¢uming a rneT. Ivliilst aiioilier deficit Ivas PTedi¢led from n)id.year onwards, the streiigtli of our funding pipeline and 5ecurin8 8 3-year grdnl from th¢ Lottery Reaching Cominunilies fund from January 2024. means that we are confident for ihe years aliead. Trustees supporied Ihe executive lo iiiiderlake a sloiv doivn tn the previously agreed gromrth plAn, instead focussing on trying 10 Inainlain boih the quality and breadth of charitable aclhvity, whilst reducing ivhere practical the operalional costs. Trnslees reniain eomniitied to paying staff and arts practitioner5 fairly and to th¢ National Minimum Wage. The Charlty had income of £343,41312023: £307.357) expenditure of £380,628 {2023= £412,803) 8ivin8 rise to a defieit of %37,21512023'. £105,446 defi¢itl Res¢rves poIlcy The Trustees carefijlly coiistd¢red Jnd adjust¢d th¢ R¢s¢rves Policy nec¢ssary to balance risk with the growing need for tlie Clihrity's acitvtlies. It has ijiaiiilained a policy wliercby ihe ut]re51riclcd funds not ¢otnmill¢d or invested in langtbl¢ rixed assets held by Ilie cliarity should be 511fficient lo mana8e Ilie costs of noli¢¢ periods, property liability and the conlinualioii of keys roles for a slioA period where ihere is A chAllenge in seet]rin8 funding. Tljis amount 15 ¢quivalenl to Ihr¢e monihs anli¢ipaied expenditure. Wljere our reserves positioii is b¢low Ilie agre¢d l¢vel, the Finan¢¢ and Resource Committee Aclively monitor the situation and s¢¢k to returii r¢s¢rv¢5 lo the policy position as soon os possible. The chArity holds Any funds noi reqiiired immediAtely in a 5erie5 of investment aceounts a¢c¢5sed throiigh the CAF Flagstone PONal. The chief executive and tieAsurer monitor ¢asli flow each qiiarter and r¢invest or wiilidraiv fuJid5 85 n¢¢ded. Page 3

INDEPENDENT ARTS (REGISTERED NU￿lBER. 02147908) Rtiioi't of Ilie Tru$iees for the vo#r ended 31 Jul.v 2024 Goliig ¢oiJ¢ern Sin¢e hqarcli 2020 Trusiees hAve eoiisidered Ilje impact Iliol the Covid phndemic has 112KF the Cliarity'$ fiiiMi¢es. Ill IIIIS Inost r¢ceiil yeaT, friislets lJave also coiisidered Ilie inipact of ihe ineTeasiiJ8 cost of living and thc focu8 of charitable ¥ivitJg oi) priinHry Iireds surli a5 food and li¢aliDg. Tlie chhrity lias Ilierefor¢ impleilltnled ac11￿15 accordiiigly lo liniil cos1s, iyliilst Tecowiising il)e ineome necessary to relaÉn loyal, livin¥ wakv¢ pHid slaff. The Iiiost C0115iderable impficl of Covid iyas 011 oiir iyork wlih Care lioines in 2020-2021 And since Ilien Ilie teaiii have ii'orked Itreles51y to ¢Dsvr¢ this area of a¢livity has bttn restored, willi (Mjly ￿l￿noT cancellaiions this PASI year due lo iiifection. Diiriiig the coiitse ofihe y¢ar. Ihe Chirtty mainlaip¢d ¢onsiderable focus on a diverse fundrais￿lIg stralegy. Tlic Chief Executive led iii.hotJse and freelance bid ivriling T¢soiirces lo largei A wide range of Ttusts aiid Fouiidaliotis. Coiiipelilioii for funds has naiii a ittuch liighcr PT0POrti￿7 of applicrtlioll5 thi5 yEaT have bee unsuccessful or partially fviided. The CoiJiiunify Fiiiidraiser eslablislied Iiew relalion5hip5 ar¥J i)urtvred existing one& to secure suffi¢ieMt urtrestrtcled fundiiJg fr05n local 5UPPOrt¢rs. All giant applieaiions ai1 to eiisiir¢ fi]11 ￿5t recovery. Larger, ltiiilti.year grants are priorili5ed and r¢$ear¢hed extensively before sulmnission. The fuiding pipeline for Ilie year ahead i5 Strang. For lh¢ year aliead, Ihe chftrity is gialeful to funders iyho Iiave pledged 0118Oltig support lo core costs. FUTURE PLANS After aliiiost five y¢ars in post, oiir Cliief execulive Lisa Gagliani MBB resigfied tnid-may to take up another position, so Ihe latter PArt of tlic ycar 118s beeji taken up with ff¢ruit#ient of a new chi¢f ¢x¢cutive for whicli Ihe iruslees Are gralefiil to all staff ¥nvolved to eiisure a sniooth Iraiisilion. Tlie brief hoii'ever 15 cle4r' The priority is to ¢oiitiiiue to slabilise the clikrity's finances by k¢¢ping costs contained, vliilsl iyorking liard to seciire addilioiial longer term Core cosl graiit fiinding conltnuin8 boih ih¢ traded incom¢ Iviih care Iioithes aiid islaiid-based coinrnunity fundratsijig slret¢gy. Tliere is ¢oJiifort iii seciired siipport froin Reaching co2niniinities hnd Ili¢ Tudor Triist as Ive Approaclj the year ahead, pliis wenl wins of grants incliidiiig Bariii¥ Foulidati￿I, lvliicli will fvjid a iiew seNice aiimed at iiTriproviiis n*tt's mcrtfal ljealih Iliroiigh collaborative arts. Strategically, ovr pryigraillme developnieiil priorities incliiik.. D¢velopiiis oiir ¢Teativ¢ Iiealth & w¢llbeiiig proj¢¢l eiigaging older people in vasual arls, iii parlnership wilh social housing orgaiiisations and several ¢are hotiies. Developing iinprov¢d relalioiisliips within our comniiinity throiigh Inore iniergenerational projects, Ivliicli lias proved so fulfilling Iliis year. Pieparing tlie orgaiiisaiithi foT Potetjtial Arts Coline￿I NPO slaliis iti 2027. as 1he Creative Healtli lead for Ihe 151¢ of Identifying And working iviili lead p&rtners sI￿h as IOIV Coiiiicil, lo ac¢ess siiilable properties for Siti￿g oitr high Slrtei-bas¢d delivery and youlli offer, for ivhen oiir ciittent lenaiicy ends iii Ibl¢ 2026. .STRUCTURE, GOVERNANCE AND hIANAGE￿IENT SAfeguAI'ding V¢ have a 51ron8 C(Mnmitni¢nt to saf¢8uaTdiiig our ¢li¢nts those eiigaged in oiir ivork. Oiir Chief Execvlive, Lisa GAgliani acts as tlie designated safe8iihrding lead wid Jacquie Heony is our lead trusiee for safegiiardiiig. Ille Iiave a saf¢guardiiig Policy &i)d Procedure ivliicli is T¢YieIv￿ ea¢li year. All staty ar¢ 5afegiiarding Iral￿ed, and all staty, prRclitioiiers, Tni$tees wid volunleers ale DBS cliecked. No safegiJaTdiiig complaints were received L288ii)sl an), represeiplalive of liidepeiideiit Arts Aiid 110 5afegvardiii¥ reporfs were IMfid¢ 10 Ihe Cliarity Commission in 23124 reportiiig year. Pa8e 4

INDEPENDF.NT ARTS (REGISTERED NUMBER: 02147908) Report of the Trusl¢es loi. the yeAI' elided 31 Jwly 2024 REFERENCE AND ADf*llNISTRATIVE DE'FAILS Reg15tei'e(I CompAlly lJlll)IlJor 02147908 (Eiigland Ivales) Reglstered ClIArlty iiumber 297474 Rtglstered offiee 48149 Higli Slreel Newport Isle of Ivight P030 ISB Tru$lets J Jolles D C Lind58y B J Marriot GRRu¢k G Bariielson J Heany- Chttir ofTTuste¢s J Pook- Trcasvr¢r L Riee (appoilll¢d 20 December 2023) M Ogilvy-morris (appoini¢d 20 December 2023) J Bean {APPOlllted 20 Decemb¢r 2023) Conipany Seeretiry L E Gagliaiii MBE Iresigjied 30 SEptember 2024) R Housloii (appoiiiied 30 Sepleiiiber 20241 REFERENCE AND ADhlllYJSTRATIVE DETAILS liiilepeiidellt LxRrnin¢r Tudor John Lin)ited Niglitingale Hoiise 46-48 East Slreei Epsoin Siirr¢y KT17 IHQ Approved by order of ili¢ board of t￿{￿let5 011 siglled thi its behalf by.. Page 5

Indei)end¢nt Ex8mln¢r'$ Reyoi'l lo tlit Trusltts of liidependeiit Arts {Rtgl3t¢red Iiumb¢r', 02147908) INdei)eJi(l¢nl exanilner's report lo tlie l1'ustte5 of iiidtyendent Art51'the ConipRny') I report lo Ihe charil>' Iriislees 011 Iny e.yaiiiiiiaiion of ilie accounis of the Coinpany for Ili¢ year ¢iided 31 July 2024. Responslbllilies bA5is ofYeiJDrt As Ilie c11arily's Irllslees ofihe Coiiipany laiid also lis direciors for Ihe yiirposes of conipan>' laivl yoiTr are responsible for Ilie PT¢p￿allon of Ilie accoiiiils accordaii¢¢ ivitli ihe refjuiremenls of tlie CompMii¢s Acl 20061'the 2006 Act,). Having salisfied nlyseif IliAI the accouiits ofihe C￿]IP￿￿Y are not Tequired to be Rudiied linder Part 16 of ihe 2006 Aci and are eligible for iiidepeiideiii exaiiiiiiAlioth. I teport ill Tespc¢l of Iny examinalioii ofyoiir cliarity's accoiinls hs ¢Mrried out iiiJde¥ Seclioii 145 oftlie Chariiies A¢t 2011 I'the 2011 A¢t'). In carryiiig oul my examination I hAve followed ihe Direeiions g%we41 by the Cljarity Ctsin¥ni55ion uiider Scclioi) 145151 Ibl of ilie 2011 Act. Independent exanilv¢r's slitement SiiKe yoiir eharity's gr05s inconie ¢xc¢ed¢d £250,0(￿ your examiner miisl be a niember of o listed body. ￿￿rIMI that I Illll qiialified lo uiidertake Ili¢ examiiTration be¢ayse l ani a member of Ilie Iiisiiliite of Chartered AecoiiiitRnts in England and Il'ales, iyhicli is oiJ¢ of Ihc list¢d ix)dics. I hav¢ coixpleled Ikny EAaininalioJi. I coiifirikn that iio in8lters hay¢ come to my attention iii connectlom willi the examtnation giving me cause to believe.. accouiiliiig records iw¢r¢ ijol kepl in respe¢l of the Company as required by Se¢tlort 386 of th¢ 2006 Art- or the accourits do not a¢wTd wilh ihose records. or Ilie aecoiitiis do iiot eoinpl), Ivitli Ilie AccI)u￿lIng requireniellts of Secliort 396 of UIE 2006 Act otlier than any reqiiirenieni tliat Ilie #ccoiints give a triie foir view whi¢li is not a matter consideied as part of an indep¢ndrtLI cxamination- or the accotii)Is Iiav¢ Iiot been prepared itt ac¢ord8nee wlih Ihe M￿h￿S and PTin¢iples of ihe StAlement of Recottimended Practice for a¢rounIl￿g and reportiijg by charilÈes {appli¢able to chaTlties preparing their 8¢COUt]ls io accordaiice with Ihe Financial Re￿rtIng Standard appli¢able the UK and Republic of ITei8nd IFRS 102}). I have no concerns aiid have conie a¢ross iio otlier matlers conne¢tioii wilh Ihe exaiilinaiion 10 ivhich att￿ltIOn should be drawii in Ihis report in order to eiiAble & proper iindersiaiTrdin8 of the ￿COUl1t$ to be reached. Hhzel Dhy Bsc (Hoiisl FCA DCIJA Thdor Jolin Liiiiited Niglilingale House 46-48 East Slreel Bpsojii Siirrey KT17 IHQ Page 6

INDEPENDENT ARTS StAlement of Flnanclal ActlvliltS for the yeAr tnded 31 July 2024 2024 rotal fuiids 2023 Tol81 rviids UnreslTiCted fuiid Restricted fund Noies INCOME AND ENDOIVMENTS FROM Donations and lega¢Èes 176,003 164,346 340,349 307,118 Investment inconie 239 Totfil 179067 343413 307 357 EXPENDITUREON CharltAble i¢llvltlts CharilRble A¢tiviles 193 264 380 628 412 803 NET INCOMFJ{EXPEP4DITURE) 16,297) (30.918) (37,215) (105,446) RECONCILIATION OF FUNDS Total fiinds broughl forward 23,624 77,619 103,243 208.689 TOTAL FUNDS CARIUED FORWARD 103243 The notes fonn phrt ofthese financial stdternents PAg¢ 7

IIYDEPENDENT ARTS (REGisfERED NVI¥IBER: 02147908) Sheet 31 July 2024 2024 Tolol funds 2023 Total funds Unrestrict¢d fund Restricted fund Noles FIXED ASSETS Inlangible assels Tpngible assets 5,190 912 5,190 912 6,920 6,102 6.102 8,061 CURRENT ASSETS Stocks Debtor5 Cash al bank and in hand 350 18,289 104897 350 18,289 151598 350 24,854 119882 10 123.536 46.701 170,237 145,086 CREDITORS Amounts falling due within one year (110,311) (49,904) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENr LIABILITIES 19,327 46,701 66,028 103,243 NET ASSETS 103 243 FUNDS ljnreslricted fuT￿5 Restricted funds 12 19,327 25,624 TOTALFUNDS The charitable comp8ny is enlitled io ex¢tt)ptioD from oudit under Section 477 orth¢ Companies Act 2006 for th¢ year ended 31 July 2024. Tli¢ meiiibers have not required Ihe compsmy to obtain an audit of ils financial $tal¢in¢nls for the year ended 31 July 2024 in accorda]i¢¢ wilh Section 476 of the Coinpanies A¢1 2006. The Iri￿let$ acknowledge their re5poJisibililies for lal cn5uring that the charitablt company keeps accounting record$ ¢hat ￿mplY with Section5 386 and 387 of the Cotnpanies A¢t 2006 and prep&rit)g fiiiancial slaletiieiils which give a trLr¢ pnd fair view of the state of affairs ofihe charilable ¢omp2rty as 01 Ilie end of each fiiian¢ial year and of tts surplus or deficit for cach financial year in accordance with th¢ requireiK¢i?Is of Seclions 394 Ond 395 aiid which oth¢rwis¢ comply with the reqthireme￿ts of Ilie Companles Act 2006 relaling to financial statem¢nls, so far as applicable io th¢ ¢liwilable comparty. (b) The notes forni parl of tliese finaiicial st4t¢inetJls Pag¢ B contirti￿d...

INDEPENDENT ARTS {RF.GISTERED NUhlBER: 02147908) BAlance Sheet- rontlnu¢d 31 July 2024 Tliese fiiiAiicial slaleineiils have beeli prepared iii accordance iviil) ihe provisions applicable lo charilRble COlliPRnies siibje¢l to the siiiall coiiipanies r¢8ime. Th¢ finon¢iNI slateiiients iveTe approved by the B￿rd of Twst¢¢5 aiiiliorised for issue 011 I/.￿.￿.￿£è￿/.l)￿fytsJPa￿l W£￿ 518ned oil its behalf by." J Heany. Trustee The notes forni parl of ihese firiancial slaleiiieriis PaBe 9

INDEPENDENT ARTS Note$ to the FlnxnclAI SIRtenienls roi. the y¢RI' ended 31 Jiily 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANC1AI..STATF.￿jF.NTs Tlie fiiiAii¢ial siateillei)Is of Ihe charitable cojnpaiiy, wlii¢lJ is a piibli¢ benefit entity Liiider FRS 102, have bewi epared iii accordasi¢e willi the Charities SORP IFRS 102)'A¢¢ouiJtiJig and R¢porting by Chariti¢s'. Stwl¢ineiil of Reconiiiiended Practice applieable to charilies preparing their accoujils in 8ccord8llce witli the Financia Reportiiig SIgL iidord applicable iii tlie UK aiid Republic of Ireland 11.-IIS 1021 {etYeclive l Jw)uar>' 2019),, Fiijancial Reporting Slaiidard 102 'Tlie Finaiicial Re￿rting Stand&¥d Applicable ith Ilie UK aiid Republlc of Ir¢land' atid Ili¢ Conipanies A¢1 2006. The finoncial Slaieii)enis h&ve beert PTepated uiider the hisioriehl cost coiiveiition. INCOhlE All incoiiie is re¢ogiiised in the Statemeiii ofFinaiicial Activities once Ihe cliarity lias enl1t1¢J￿•it to th¢ fund8, il is probable Ihal Ihe income wtll be received and Ilie amoiinl Can b¢ mepsur¢d i¢liably. EXPENDITURE Liabilities are r¢cogni$ed as &xpeiidiluie as soon as thBre is a legal or con5tructÉve obligation comniittin8 ihe hority lo Ilial ¢xpeJidiliir¢, il is probable that a transfer of economic benefiis will bt required in seNlement and Ihe 8mouiil of lh¢ obligation ¢3n be measurd r¢liably. Expeiidilure is accounted for on an a¢¢ruals basis and has been elL￿sIr1ed under headii)gs that aggr¢go¢¢ all cost related to the ¢alegory. Where costs caniiot be directly attribiitEd lo ￿￿tiCUlO[ h¢adtlJ8S tliey have be¢n allo￿ted to aclivilies OM a basi5 COllSiStenl wilh tli¢ use of resources. INTANGIBLE ASSETS Inlangible fixed assels consist of w'ebsite eosts which have been capitalised and art being aniortised u$in8 11 straiglit line basis over a period of 5 year$. TANGIBLE FIXED ASSETS Depreciation is provided al ilie following &nnu&l rates iii order to write ea¢h ass¢1 over tl$ eslimated Ii$eful life. Plaiit and ma¢l)iiiery 20%on reducing bftlince STOCKS st￿ks are valiied al tlie I0￿r of cosl ai)d nel realisable value, after niaking due ttllowaiice for obsoleie slow moving items. TAXATION The eliarity is cxcinpt froiii COTporatioii t￿￿ on its charitable activities. FUND ACCOUNTING Uiir¢slri¢ted funds cwi be Iised iii ftccoidance ivilli tlie charitable objectives hl the dis¢Fetion of the tTU5ttt5. Restricted fiiiid5 cali oiily be used for particiilar restricted purposes iyitliin tlie obje¢ts of the ¢harily. RestrictlQlls pris¢ ivli¢n Sp￿lfied by Ili¢ donor or when fitnds are Toised for patli¢ylar Testri¢i¢d purpo￿. Furthu explat)alioJi of Ilie natiire pnd purpose of ¢acli fvnd ts included in Ili¢ Jiol¢s to ili¢ fJn8n¢ial 5tatein¢nts. Pag¢ 10 coniirtued...

INDEPENDENT ARTS Notes lo the Flnaoelhl StAtemtnts- tontlnued for Iht y¢Ar tiided 31 July 2024 INVESTMENT INCOME 2024 202J Dep)sil *t¢¢ount inietesi 239 NET INCOMEIIEXPENDITURE) Nel iiicomellexpenditure) is 5taied After charginW(CTeditingl'. 2024 2023 Depr¢cialion. owied ossels Comput¢r softwar¢ amortlsation 229 730 285 TRUSTEES, REMUNERATION AND BEf4EFITS Tliere were no twstees, remuneration or other benefits for ihe year ended 31 July 2024 Mr for the year ended 31 July 2023. TRUSTEES, EXPENSES There ivere no trustces, expensE5 paid for th¢ yearended 31 Jiily 2024 nor for ih¢year ¢nd¢d 31 July 2023. STAFF COSTS The 8v¢rage inonihly number of employees during the yeAf wa$ 85 follows: 2024 2023 Cliief Bxecutive Mana¥¢rs Other Staty 10 No ￿MplOYeeS re¢¢iv¢d ¢molum¢nls in excess of £60,000 in either 2024 or 2023 COMPARATIVES FOR THE gfATEf+lENT OF FINANCIAL AcfiviTIES Unrestricted fiind Restricled fund Total rund5 INCOME AND ENDOIVMENTS FROM Donations and legacies 135,423 171.695 307,118 Inve51ment incolne 239 239 Totll 135662 171695 307 357 XPENDITURE OP4 ChirllRble xcllvltle5 Cliarilable Activiles 233 427 179376 412 803 NET INCONIEI{EXPENDITURE) TrAll5fer$ b¢tw¢en funds 197,7651 17.681) 1105,4461 Page 11 conlitiued...

INDEPENDENT ARTS Notes to the filnHn¢lal Statement5- COlltIDu¢d for Ihe yeir ended 31 July 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unrc51riclcd Re$lricl¢d fund rund Tolal funds Net movement In 191.734) 113,712) (105,446) RECONCILIATION OF FUNDS Total fvnds brought forward 117,358 91,331 208,689 TOTAL Fvf4DS CARRIED foRIVARD 103 243 INTANGIBLE FIXED ASSETS C¢)mpuler software COST At l Augu512023 and 31 July 2024 AMORTISATION Al l Aiigugt 2023 Charge for year 1,730 At 31 Jiily 2024 NET BOOK VALUE At 31 July 2024 Ai 31 July 2023 TANGIBLE FIXED ASSETS Plani and iachinery co At l August 2023 and 31 July 2024 DEPRECIATION At l August 2023 Charge for year 229 Al 31 July 2024 NET JIOOK VALUE At 31 July 2024 912 Al 31 July 2023 Page 12 coniinued...

INDEPENDENT ARTS Notes to Ihe FliiAn¢l81 StAt¢inen15- ￿j11t1￿￿ert for the y¢Hr ended 31 July 2024 STOCKS 2024 2023 Stocks 350 350 io. DEBTORS: AMOUN75 FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debiors Oiher debiors P￿pay￿}ents 16,175 500 20,687 500 CREDITORS: AMOVNTS FALLING DUE WITHIN OIYE YEAR 2024 2023 TTade creditois Social swurity and other iaxes Other ¢rediloTS Accruals and def¢￿ed inconie 18,478 1.806 1,071 2,470 1.350 892 10311 12. MOVEMENT IN FUNDS Net movemeiil in funds At 31.7.24 At 1.8.23 Uni't5trlct¢d fund5 General fund 25,624 16,297) 19.327 Restrlcttd Restricted Fund 77,619 130,918) 46,701 TOTAL FUNDS 10324J 37215) Net movement iii fil￿d$, included in the above are as folloivs.. ljicotning Sou￿$ Resourees expended Moveinent iji funds Unrestrlcled funds Geiieral fund I79,(￿7 (185.3641 (6,297) R¢strl¢ftd ￿ndS Res¢ri¢led Fiind 164,346 (195,2641 130,918) TOTAL FUNDS 343413 380 6281 37215) Page 13 ¢oiitiiiued...

INDEPENDENT ARTS Notes to tlit FinRnti&l StalemEiit$- contlnued for the yepr ¢iJded 31 July 2024 12. MOVEMENT IN FUNDS. ¢ontlnued Comparallves for movemenl In funds Trnnsfers behyctn funds movetiienl in funds A¢ 31.7.23 At 1.8.22 Unrestrleted f￿nd￿ General fund 117,358 (97.765) 6,031 25,624 R¢5ti'leted thnds Restiicfed Futid 91,331 17.681) 16,031) 77.619 TOTAL VUNDS 208 689 105 446) 103 243 Coniparaliye net movement in funds. included in lh¢ A￿V¢ are as follows.. Incoming T¢sQU￿¢S Resource5 expet>ded MoV¢￿1¢nI in funds UNrestrl£l¢d funds General fiind 135,662 (233,4271 {97,765) Restrlcted fuDds Reslricted Fut)d 171,695 (179,376} 17.681) TOTAL FUNDS 307 357 412803} 105 446} 13. RELATED PARTY DISCLOSURES Ther¢ weie no relalcd p¥rty transactions for Ihe yeAr ended 31 July 2024. Page 14