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 >'t*r 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 n*aiii a ittuch liighcr PT0POrti￿7 of applicrtlioll5 thi5 yEaT have bee
unsuccessful or partially fviided.
The Coi*Jiiunify 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 fu*iding 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