The MFPA Fund for the Tralnlng of Dlsabled Chbldren In the Arts Re8lstered charlty number: 328151 Report and accounts for the year ended 31st March 2025
The MFPA Fund for the Training of Dlsabled Chlldren in the Arts Reglstered charity number: 328151 Report of the Trustees for the year ended 31st March 2025 The Trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the Charities SORP IFRS 1021 "Accountlng 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 IFRS 1021 (effective l January 20191" OBJECTIVES AND AcfiviTIES Objectives and aims: The object of the charity is to advance the Training of Disabled Children in Arts. Thls is achieved through awarding funds to parents Of Other individual responsible for a physlcally disabled chlld or an organisation which requires financial assistance to further the artlstic development of disabled children. The trustees have referred to the guidance contained In the Charlty Commlsslon's general guldance on publlc beneflt when reviewing the alms and objectlves of The MFPA Fund for the Training of Disabled Chlldren in the Arts and in planning its future activities. Donation making policy The trustees have reviewed the policy with regard to donations made, as it was felt that due to the increasing amount held within the accounts, the parameters of support needed to be extended. The trustees will, in f uture, consider repeat annual donations to the same applicants, where they are continuing lessons or trainin8. The Trustees will also increase the amount funded to each group or individual to £20,000. ACHIEVEMENT AND PERFORMANCE Charitable activities: In July 2024 the Trustees invested1£426,OOOlnc VAT) In a property Lord Rodney House, l Normandv Street, Alton, Hampshire. It is the new official 'home' for our Charltable Trust Fund. Over three floors the buildin8 hosts a gallery space (Freedom Through Expresslonl whlch the Trust hope5 to show work by Young Disabled artists and other inspirational artlsts. So far, we have held by Treloar School and College, Paisley Poyle the winner of The Unique Art Awards 2024, Barry West and other Mouth and Foot Painting Artists Artwork. On the first floor the Trustees have purchased framing equlpment whlch we are training two young neuro- dlverse young men to use. Dillon and William will we hope be able to eventually, with our support, run their own Framing Studio. This floor also houses a small office with computer, large format printer and label printer which Dlllon and Will are being trained to use. At the moment the Trust is fundlng Russell, a local Sculptor to teach the framers how to use the equipment. There is another larger room which we are renting out for Art workshops for the local community. We have also run a sculpture Workshop for The Green Room School, a school for excluded pupils, most of which have a statement. The top floor is at present empty and we are actively looking for a company individual to rent the space. The Trustees have asked three ladies to support our Trust Fund part time. Glynis Has been asked to act as office Manager, she works in the Gallery two days a week and 'runs' the building, she also keeps the accounts and deals with Zero accounting system. Catherine Cook works two days a week. she organises the artwork in the gallery, supporting artists and or8anises the Unique Art Awards each year, organising the entries and the finalists, she also takes care of the Social Media for UAA. She has supported the
awards from the start of the awards in 2016. Marina Zadorozhna is manning the Gallery on a Tuesday and helping with short video's for Freedom Through Expression Facebook and Instagram posts. The Trust Funds'unique Art Awards" which was completed again in 2024. It is a competition to find youn8 disabled artists across the UK and recognise their hard work. In 2024 there were again, two age groups 7-15 and 16-21, the awards were for 2D Art, 3D sculpture, photographyi performance and digital art. It was again a great success. The Trust Fund is still workin8 With a charity called Flat Spaces, a charitable trust which enables people with severe disabilities to go on holiday with 'Access Assured,. The MFPA Trustees are funding some art and muslc therapy workshops for Indlviduals and organisations at Flat Space in Hampshire, Other organisations receiving financial help from MFPA Trust Fund also include Treloar Trust, Holybourne few. Theatre, Happy Days Charity, The Royal Opera House, National Theatre to name a few. FINANCIAL REVIEW Investments Wlckham Avenue the trust Investment rental property in Bexhill-on-sea still accommodates tenants in the Shop (Tailor) and the three flats above. The tenants are the same as when Trust took over the property in October 2023. The Trustees have invested into the property by getting the building up to good standard. Work on the windows and exterior damp was completed this year. The Trustees have decided to keep the rental rate as low as possible to help the tenants, two flats are occupied by care workers on a minimal wa8e. Work wlll need to be completed in 2025 on the 8ara8e, 8round and top floor flats. Review of activities and results Flnancial results for the year are set out in the Statement of Financial Actlvitles on page 5 and the positlon at the end of the year Is shown in the balance sheet on page 6. Durin8 the year, there was a surplus of £463,96712024'. £301,082). The surplus Is higher than the previous year because of an increase in donations and legacies received. The charitable expenditure for year amounted to £101,28712024: £56,286). The yearend cash balance was £2,000,145P12024: £1,976,302),
Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The MFPA Fund for Training of Disabled Children in the Arts On accounts for the year ended 3161 March 2025 Charity no (if any) 328151 Set out on pages 5-12 Respective The charity's trustees are responsible for the preparation of the accounts. responsibilitie5 of The charity's trustees consider that an audit is not required for this year trustees and examiner under section 43<2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 43 of the 1993 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43{7)(b) of the 1993 Act, and to state whether particular matters have come to my attention. Basis of independent My examination was carried out in accordance with general Directions given examinerfs statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent In connection with my examination, no matter has come to my attention examinerfs statement (other than that disclosed below ') 1. which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 41 of the 1993 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met . or 2. to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: ioir Name: Tom Main Relevant professional qualification(s) or body: ACA (ICAEW) Address: Mill Cottage, Upper Neatham Mill Lane, Holyboume, Hants. GU34 4EP IER April 2009
Section B Disclosure Only complete if the examiner needs to highlight material problems. Give here brief details of any items that the examiner wishes to disclose. IER April 2009
The MFPA Fund for the Trainin8 of Disabled Children in the Arts Statement of Financial Artivitles for the year ended 31st March 2025 Notes 2025 2024 Donations and legacies 602244 323428 Investment income 38800 44096 Total Income 641044 367524 Raising funds 75790 9616 Resources expended 101287 56826 Total expendlture 177077 66442 Net Income 463967 301082 Total fund5 brou8ht forward 2293856 1992774 Total funds carrled forward 2757823 2293856
The MFPA Fund for the Training of Dlsabled Children In the Arts Balance Sheet as at 31st March 2025 Notes 2025 2024 Fixed assets Tangible assets Investment property 441535 326233 767768 298 326233 326531 Current assets Debtors Cash at hand and at bank 1092 2000145 2001237 1250 1976302 1977552 Credltors.. amounts falllng due wlthin one year 11182 10227 Net current assets 1990055 1967325 Net assets 2757823 2293856 Funds Unrestricted funds Total funds 10 2757823 2757823 2293856 2293856
The MFPA Fund for the Training of Disabled Children in the Arts Notes to the accounts for the year ended 31st March 2025 l Le8al form of th• entity The MFPA Fund for the Training of Handlcapped Children in the Arts is a charity re8lStered in England and Wales. Its re8lStered number and registered office address can be found In the report of the trustees. 2 Accountln8 policies Basls of preparlng the flnanclal statements The financial statements of the charity, which is a publlc beneflt entlty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitle5 preparin8 their accounts In accordance with the FlnancSal Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191,. The presentation currency of the flnanclal statement Is Pound Sterlln81£1. Incorn• All In¢ome Is recogn5sed sn the Statement of Flnanclal Activities once the charity has entitlement to the funds, it is probable that the Income wlll be recelved and the amount can be measured reliably, Expenditure LiabSlltles are recognlsed as expendlture as soon as there Is a legal or Constructlve obli8atlon commlttlng the charity to that expendlture, itls probable that a transfer of econom1¢ beneflts wlll be requlred in settlement and the amount of the obli8ation can be measured rellably. Expendlture Is accounted for on an accruals basls and has been classlfied under headings that a8gregate all cost related to the category. Where costs cannot be directly attrSbuted to partlcular headings they have been allocated to actlvltles on a basls conslstent wlth the use of resources. Tangible flxed assets Depreciation 15 provided at the followlng annual rates In order to write off each asset over Its estimated useful Ilfe. Equlpment- 25% on reduclng balance Investrnent property Investment property is shown at most recent valuation. Any aggregate surplus or deficlt arising from ¢han8es In falr value is recogni5ed in the Statement of Financial Activities. Taxatlon The charity is exempt from tax on Its charitable activities. Fund accountlng Unrestricted funds can be used In accordance with the charltable objectives at the discretion of the trustees. Restricted funds can only be used for partlcular restricted purposes within the objects of the charity. Restrictions arSse when specified by the donor or when funds are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fund is included in the note5 to the financial statements.
The MFPA Fund for the Tralning of Dlsabled Chlldren in the Arts Notes to the accounts for the year ended 31st March 2025 3 Investment income 2025 2024 Rents received Investment income 22479 7171 29650 13568 30528 44096 4 Raisln8 funds 2025 2024 Investment management costs Support costs 75790 9616 5 Trustees, remuneratlon and beneflts 2025 2024 Trustees, remuneratlon Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 6 Tanglble flxed assets Lord Rodney House Equlpment Total Cost At 1st April 2024 Additions At 31st March 2025 20876 20876 441312 462188 441312 441312 20876 Depreclatlon At 1st April 2024 Charge for the period At 31st March 2025 20578 75 20653 20578 75 20653 Net book value At 31st March 2025 441312 223 441535 At 1st April 2024 298 298
The MFPA Fund for the Training of Dlsabled Children in the Arts Notes to the accounts for the year ended 31st March 2025 7 Investment property Investment property Fair value At 1st April 2024 Additions At 31st March 2025 326233 326233 Net book value At 31st March 2025 326233 At 1st April 2024 326233 8 Oebtors: amounts fallin8 due wlthln one year 2025 2024 Other debtors 1092 1092 1250 1250 9 Credltors: amounts falllng due wlthln one year 2025 2024 Other creditors 11182 11182 10227 10227 10 Movement In funds At 0110412024 Net movement At 3110312025 Unrestrlcted fund General fund 2293856 463967 2757823 Total funds 2293856 463967 2757823 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted fund General fund 641044 -177077 463967 Total funds 641044 -177077 463967
The MFPA Fund for the Tralnln8 of Dlsabled Chlldren In the Arts Notes to the accounts for the year ended 31st March 2025 10 Movement In funds - contlnued Comparatlves for movement In funds At 0110412023 Net movement At 3110312024 Unrestrlcted fund General fund 1992774 301082 2293856 Total fund5 1992774 301082 2293856 Comparative net movement In funds, included in the above are as follows.. Incomlng resources Resources expended Movement In funds Unrestrlrted fund General fund 367524 -66442 301082 Total funds 367524 -66442 301082 A current year 12 months and prlor year 12 months comblned posltlon Is as follows: At 0110412023 Net movement At 3110312025 Unrestrlrted fund General f und 1992774 765049 2757823 Total funds 1992774 765049 2757823 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incomlng resources Resources expended Movement In funds Unrestrlcted fund General fund 1008568 -243519 765049 Total funds 1008568 -243519 765049
The MFPA Fund for the Training of Disabled Children in the Arts Notes to the accounts for the year ended 31st March 2025 11 Related party disclosures There were no related party transactions for the year ended 31 March 2025.
The MFPA Fund for the Tralning of Disabled Children in the Arts Detailed Ststement of Financlal Actlvities for the year ended 31st March 2025 Notes 2025 2024 Donatlons and legacies Donations and legacies 602244 323428 Investment Income Rents received Investment income Sales of paintings 22479 7171 9150 38800 13568 30528 44096 Total Incomlng resources 641044 367524 Charltable actlvitles Awards to charitable or8anisations Awards to children Unique Art awards 92453 1405 6915 100773 49395 6020 1063 56478 Management Rental costs & Lord Rodney House expenses Cost of art and framing Advertising and promotions Accountancy Architect and solicitors fees Entertainment Insurance Repairs and fitting Staff wages Fuel costs Depreciation 8814 9086 644 5660 11688 144 4717 25341 9540 81 75 75790 5665 2504 1348 99 9616 Finance Bank charges 514 514 348 348 177077 66442