OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Kazzum Arts Project

2025-03-31-accounts

Company registered number 02447000

KAZZUM ARTS PROJECT

(Company registered by guarantee no. 02447000; registered charity no. 802941 (England & Wales)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

NfP Accountants Ltd

KAZZUM ARTS PROJECT

(Company limited by guarantee no. 02447000, registered charity no. 802941)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2025

CONTENTS

Page
Legal and administrative information 1
Trustees' Annual Report 2
Independent examiner's report 16
Statement of financial activities 17
Balance sheet 18
Statement of cash flows 19
Notes to the financial statements 20

KAZZUM ARTS PROJECT

Registered charity No. 802941

REFERENCE AND ADMINISTRATIVE DETAILS

For the year ended 31 March 2025

Board of Trustees Laura Wilkinson (Chair)
Lynne Roberts
Chloe Johnson
Petra Tauscher
Zulfiqar Ali
Bhagyalakshmi Schiering
David Gilbert
Lynn Tabbara
Key management personnel
Alex Evans (Artistic Director)
Lauren Irving (Executive Director)
Charity reg. no. 802941
Company no. 02447000
Registered office Oxford House
Derbyshire Street, Bethnal Green
London
E2 6HG
Website www.kazzum.org
Independent examiner
Charles Ssempijja, FCA
NfP Accountants Ltd
Chartered Accountants
86-90 Paul Street
London
EC2A 4NE
Bankers The Cooperative Bank, Skelmersdale
PO Box 250
Skelmersdale
WN8 6WT
CAF Bank Ltd
25 Kings Hill Avenue, Kings Hill
West Malling
Kent ME19 4JQ

1

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

The trustees present their annual report and financial statements of the charity for the year ended 31 March 2025. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's governing document, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP 2015 (FRS102).

In preparing this report, the Board of Trustees have taken advantage of the small companies’ exemptions provided by section 415A of the Companies Act 2006.

ACTIVITIES AND OBJECTIVES

Kazzum Arts is a trauma-informed arts charity providing creative opportunities for children and young people who have been impacted by trauma and adversity.

Our Vision is that:

All children and young people can experience hope through creativity.

Our Mission is to:

Use creativity to enable children and young people who have been impacted by trauma and adversity to feel seen, heard and valued.

About us

Kazzum provides opportunities for children and young people to explore their creativity at times in their lives when they are most in need of support.

We reach children and young people aged 3-30 who have limited opportunity to engage in the arts and who have experienced high levels of Adverse Childhood Experiences which have resulted in social, emotional, and mental health issues, communication needs, disabilities, exclusion, and displacement.

Our programmes have been developed in consultation with young people and are delivered by a diverse team of skilled artist facilitators in partnership with a range of spaces including schools, hospitals and community settings.

Since 2018 we have evolved as a leading trauma-informed arts organisation widening access and inclusion across the arts, education, and charity sectors. We have developed an organisational working culture and specialist approach to support children and young people impacted by trauma and adversity.

Our distinctive model is asset-based and enables children and young people to experience a sense of wellbeing, connection, health and engagement by:

2

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE

In 2024-25 Kazzum Arts worked alongside associate artists and partner organisations to support the mental health and wellbeing of children and young people through creative arts activities. The civil unrest throughout the country in August 2024, added to the cost-of-living crisis, long-term impact of COVID and the government’s hostile environment policies for refugees and asylum seekers, has contributed to significantly increased levels of negative mental health. This disproportionately affects those that we support, particularly those from global majority and migrant communities.

Our unique trauma-informed approach centres creativity, relationships and self-expression, and operates with a compassionate awareness of the impact of trauma. When young people feel heard and valued, they are more able to develop transferrable skills, effect personal change, build relationships, and influence social

During 2024-25 Kazzum engaged 646 children and young people through 308 creative wellbeing workshops. We also clocked up 20,453 views of our educational, advocacy and wellbeing resources for children and young people.

Our trauma awareness training has reached 566 artists, professionals and students working within trauma impacted environments, highlighting best practice and raising awareness.

We employed a core staff of 6 and offered 25 freelance staff contracts throughout the year. All staff were offered opportunities to engage with registered psychotherapists within group and individual reflective practice sessions, as well as access to an Employee Assistance Programme.

In 2024-25 we completed our consultation from TIALT, who assisted our organisation with reviewing and improving our evaluation processes. This has ensured that our methods are trauma-informed and gather data which will increase the impact of our programmes for children and young people in the future.

This year we connected with more organisations through delivering our unique Trauma Awareness Training, bespoke workshops and consultation. This has led to considerable recognition in the creative charity sector as thought-leaders for this space. We consider it core to our mission to build our knowledge and expand our offering in the years ahead.

Delivering projects which centre children and young people and which consider their individual voices is the highest priority for Kazzum Arts. We are committed to expanding and developing what we can offer through research and development, careful planning and adhering to our Strategic Plan. We will continue to offer opportunities for children and young people to experience hope through creativity in 2025-26.

Public benefit

The Board of Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

3

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

Key projects during 2024-25

Work for under 15s: Providing artistic opportunities for children (aged 3 – 15) with social, emotional, mental health and cognitive needs, in hospitals, mainstream school environments and special educational needs settings. Our trauma-informed activities remove physical, financial, and psychological barriers to participation and improve opportunities to recover from stress, reduce loneliness and experience joy and creativity in groups.

Apollo: Multidisciplinary creative activities to increase wellbeing, develop skills and friendships of children aged 3-15 undergoing healthcare and mental health interventions at Whipps Cross Hospital in Waltham Forest.

This year, Kazzum received funding from Awards For All, Charles S French, D’Oyly Carte and the City Bridge Trust to continue weekly workshop delivery at Whipps Cross Hospital. This supported sustained engagement, enabling a greater impact on the health and wellbeing of children and families on the ward.

With support from the healthcare teams and hospital play services, we were able to deliver 60 workshops, over 30 weeks, reaching 122 children. The resulting artworks reflected the resilience and creativity of children and young people on the Acorn Ward and were enjoyed by patients, parents/carers, and staff.

A hospital stay can be a source of great anxiety and isolation for children and young people. Through our activities we have supported the wellbeing of the children and young people on the ward by providing regular moments of laughter, connection and joy. This year we focused on working 1:1 at bedside, due to the modernisation of the playroom making it inaccessible. Our artistic enquiry included supporting people with eating disorders, new chronic health diagnoses and mental health.

“I was very proud of what I did, and I put it on my hospital bed.” - Child

“My daughter has had such a positive experience in hospital because of the gifts/creative activities that you have provided. She is dealing with a lot of new info on a lifelong condition but looks forward to the activities every day.” - Parent

“[The workshop] Supported my child to open up to staff more which was great for communicating his pain and what he needed.” - Parent

Speech Bubbles: A drama and oracy intervention supporting primary school children aged 5-7 with speech, language, and communication needs (SLCN).

Speech Bubbles is a social franchise that was developed in partnership with London Bubble and the Southwark Pupil Development Centres in 2009 to support children's communication skills, confidence, and wellbeing. The programme is a national evidence-based approach working with children who lack confidence in communicating, have difficulty organising thoughts, and poor attention or listening skills.

This year Kazzum supported children at Woodgrange Infant School and The Winns Primary School to develop the communication skills needed to create stories, develop relationships, and gain confidence to learn. We delivered 42 workshops between April and June reaching 40 children.

4

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

"The session was very fun, well explained, easy to follow, lovely to see the children so engaged and using their imaginations to create the story" - Parent

“We should have Speech Bubbles every day” Child

Regulation: Creative wellbeing workshops to support children with social, emotional and mental health needs at Beormund Primary school.

Kazzum returned to Beormund Primary school, an alternative provision for children with social, emotional and mental health needs (SEMH) in Southwark. Children within the school have difficulty regulating their emotions, processing language and expectations, adhering to social norms, building relationships and verbalising how they think and feel.

Through funding from Beormund School, John Thaw Foundation, St Olaves Foundation Fund, Foyle Foundation, the Ironmongers’ Company, Vintners Foundation, Newcomen Collet Educational Foundation and City Bridge Trust we were able to sustain our offer of multidisciplinary arts activities at the school.

This year, we used ‘in-role’ drama to explore outer space, the Stone Age and scientific inventions, activating the children’s imaginations and autonomy through an immersive process. We also offered visual arts activities which supported the children to focus, think creatively and create art pieces which they could take home. Sessions focussed on emotions and explored ‘artivism’, character creation and puppet-making.

Our sessions provided children with the opportunity to play, create and build friendships, which many of them struggle to do.

Throughout the year we delivered 91 workshops reaching all 49 children within the school.

“It is so great to see the children interacting with [the facilitator] J, I've never seen the children interacting so well as equals.” Teacher

“Art made me feel good because it was peaceful.” - Child

“When I made a dragon, it made me feel part of the world again.” - Child

Work for over 15s: Creative opportunities for young people aged 15 – 30 in education and youth settings to reflect and mobilise on the issues that affect them. Through artistic, expressive and coregulating environments, Kazzum prioritises young people's sense of agency and choice, offering them a space where they can be active agents in a creative process.

Pathways: Creative wellbeing, training and advocacy projects for young migrants, refugees and asylum seekers.

Pathways’ focus is on the mental health needs of young people affected by displacement and trauma, providing opportunities to regulate stress, reduce isolation and develop skills. In 2024/25, our Pathways programmes were divided into 3 strands.

5

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

Creative Wellbeing : Working in partnership with refugee community groups across London we supported young people's wellbeing and expression through monthly workshops which incorporated games, discussion, creative writing, movement and visual arts. These ongoing activities were delivered in collaboration with leading refugee organisations Young Roots, Caras and Shpresa. Creative Wellbeing was funded by Arts Council England, Mbili Charitable Trust, Swan Mountain Trust, Morel Family Foundation and Mrs Smith and Mount Trust.

“This is the first time I have done art in ages. When I pick up a pen or paintbrush expression flows through me.” Young Person

“I felt positive because I could express my ideas” Young Person

“It was calm to sit and draw and think about refugee week and mental health.” Young Person

Throughout the year we delivered 23 workshops reaching 267 young people.

Creative ESOL : Following a successful pilot, we developed our Creative ESOL programme through funding from Croydon Relief in Need, City Bridge Trust and Young Roots.

The sessions delivered at Young Roots explored places deemed relevant to the young people, using an expanding map to introduce vocabulary, build self-reflection and support wellbeing. Topics covered included different types of relationships, directions, health and wellbeing, and clothing. Further sessions delivered at CARAS explored the theme ‘my future self’, using drawing and creative writing.

“I’m happy because I understand more now. I know when a ‘C’ sounds like ‘K’ or ‘S’ and how to spell some more words.” - Young Person

“It was very good. Before, I didn’t know [words for body parts] like shoulder. But now I know. I’m very, very happy.” - Young Person

In total, we worked with 83 participants across 21 workshops.

Creative Futures : This new strand brings together our long-standing partnership with Praxis on Brighter Futures, a project with a long history of supporting young people facing immigration issues to have a voice; The Create Group, a new men’s mental health creativity programme delivered by us at Oxford House and a new partnership with ECPAT (Every Child Protected Against Trafficking), following a successful pilot.

Brighter Futures created the 68-page Brighter Zine, funded by Comic Relief, bringing together visual arts, poetry and storytelling inspired by 8 positive emotions and supporting activism and positive mental health. Since then, the group have developed skills in activism, creating a public performance for Human Rights Day and participating within origami, singing, drawing and roleplay workshops.

The Create Group, funded by The Baring Foundation, have developed debate and conversation skills to explore meaningful topics impacting migrant men, including mental health, politics and masculinity. The group have utilised a range of different art, creative writing and drama activities to activate conversations and build a sense of community.

6

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

In a series of regular workshops with ECPAT, young people focused upon the idea of building an ideal city through drawing, model-making, storytelling and photographic collage.

“This project made me feel like together we can do great things.” - Brighter Futures Participant

“This is a fantastic time. I was feeling really bad before, having a terrible day but to come to this group and meet with all you lovely people I am happy now, thank you.” - Create Group Participant

“Drawing is like exercising for your mind.”- ECPAT Participant

In total, we delivered 61 workshops, supporting 85 young people.

Professional Practice: Advocating for trauma-informed practice through the delivery of training, consultation and sector development activity supporting individuals and organisations to contribute

Trauma Awareness Training: Introducing practitioners to the key principles, supporting knowledge, insight and relational capacities when delivering participatory arts activity with children and young people who have lived experience of trauma.

We have seen increasing interest in our pioneering training which introduces arts, culture, and education practitioners to the key principles within a trauma-informed approach. This year we supported 20 organisations including the Southbank Centre, The British Museum, Refugee Council and the Royal Liverpool Philharmonic Orchestra.

Christopher Simpson was brought into the training team to support Artistic Director, Alex Evans in delivering online workshops for individual practitioners working within trauma-impacted environments. The sessions are interactive and holistic, using the arts to explore both theory and practice within a trauma-informed

“There was an incredible amount of content covered in a short amount of time, but it still felt well-paced, generous and strategic.” - Training Participant

“I found it thought provoking and informative and appreciated the focus on supporting ourselves as practitioners in order to do our best to nurture safe environments and healing relationships.” - Training Participant

In total we delivered training to 566 individuals.

Resources: Development and distribution of advocacy and wellbeing resources. Raising awareness of issues facing children and young people and promotion of best practice to deliver trauma informed participatory arts.

Building upon the success of our digital offer, we have been further developing and distributing our advocacy and wellbeing resources which have been enthusiastically received for their creativity, accessibility and engaging, interactive nature.

7

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

Our new resource for 2025 is ‘The Listening Guide’, which is designed to support the embodiment of relationships, raise awareness, provide practical tools and build confidence when nurturing connections. The Listening Guide focuses on building bonds of safety and encouraging empathy alongside children and young people.

Our resources have been viewed 20,453 times in 2024/25

Associate Artist scheme: Supporting Artists through professional development days, strategic planning, training, and reflective practice and coaching opportunities.

Our Associate Artist programme has continued to support diverse, experienced, and emerging Artists through professional development, therapeutic support and employment opportunities. In December we were able to host a get-together with our Associate Artists to share updates, discuss evaluations and reflect on how to develop our scheme of work.

Kazzum is invested in recognising the contributions made by Artists and remain committed to supporting their ongoing development. Through our activities, freelance artists experience a sense of community and ownership within Kazzum, mitigating against the uncertainties and secondary trauma experienced by freelance participatory artists.

“Kazzum makes me feel valued. I feel part of something important; change-making and connecting.” -

Associate Artist

Building an organisation of cultural safety

To ensure accountability, since 2020 we have included space to discuss social justice issues impacting the children and young people we engage with and our workforce, including Anti-Racism, discrimination, and equity.

We are dedicated to becoming a trauma-informed organisation, building resilience in staff and providing a supportive environment that is aware of and responsive to the impact of trauma in the lives of individuals. We do this through:

We are committed to ensuring the values and voices of children and young people are represented at all levels of the organisation, working in line with our Amplify youth voice guide. Children and young people inform the delivery of our work, including planning, creative co-production, consultation, and evaluation processes, as well as contributing to Kazzum’s strategic and organisational vision.

8

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

We are dedicated to ensuring that Kazzum remains a space where people from all intersectional identities feel valued, supported and enabled to thrive. We work to ensure that Anti-Racism, discrimination and equity remain a priority for the organisation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

Kazzum is registered as a charity and is a company limited by guarantee. It is governed by its Memorandum and Articles of Association, last amended 02/12/2021. It is registered by the Charity Commission in England and Wales.

Trustees

Details of current Trustees are shown on page one. Kazzum’s board can comprise a maximum of ten Trustees. Laura Wilkinson is Chair, day to day leadership of the company lies with the Artistic Director, Alex Evans and Executive Director, Lauren Irving.

The Board of Trustees meet for quarterly Board meetings to review Kazzum’s activities and strategies including the risk register, safeguarding, finances and fundraising targets. We currently have two subcommittees which also meet quarterly.

The Trustees participate in an annual away-day to explore strategic and organisational development and are invited to interact and engage widely with our workforce and participants, through participation in events, workshops, and training.

The Trustees have a wide range of skills pertinent to the Charity, including arts, education, project management, fundraising, and children’s rights.

Trustees' appointment, induction and training

Appointments to the Board of Trustees are made by unanimous agreement of the existing Trustees. The Trustees each bring their own specialism to the board, and skills audits are regularly undertaken to identify gaps. New board members are taken through a comprehensive recruitment process and given a full induction. Additional training or support outside safeguarding and trauma awareness is made available on an individual basis.

We recognise the value of representation on our board as we work with minoritised communities and understand the importance of reflecting this at Trustee level. Several Trustees have experienced childhood adversity and have lived experience in supporting children and young people through parent/carer responsibilities and professional roles.

9

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

We are committed to creating ethical opportunities within our governance structure for young people and adults who have been impacted by trauma.

Each Trustee brings their own specialism to the board, and skills audits and appraisals are undertaken annually by the Chair to identify gaps and any training needs. Recruitment of trustees is an open process, with positions advertised through channels where we can attract a range of diverse candidates, and through other networks. Shortlisted candidates are taken through a comprehensive recruitment process whereby they are invited to interview and observe a board meeting. The interview panel consists of the Chair, other trustees as appropriate and the CEO team. Appointments to the Board of Trustees are made by unanimous agreement of the existing Trustees.

Onboarding is led by the Executive Director and the Chair. The induction period outlines expectations and introduces trustees to Kazzum’s strategic plans, policies and processes, fundraising targets, safeguarding, staff wellbeing plans and finances. All trustees complete safeguarding training through the NSPCC and engage in our trauma awareness training. Additional training or support is made available on an individual

Organisational structure and decision making

The governance of the charitable company is the responsibility of the Trustees. The CEO team is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations, the CEO team has delegated authority, within terms of delegation approved by the trustees, for operational matters including programme activity.

The CEO team draws on the support and expertise of the Board of Trustees as needed. The Board of Trustees has been deliberately assembled to provide expertise in the range of skills and knowledge that are required.

Related party relationships

Trustees and senior managers, and their close connections, are the only related parties. None of the trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity and a contractor, supplier or customer to the charity must be disclosed to the full board of trustees. In the current year no such related party transactions were reported.

Pay policy for key management personnel

The pay of senior staff is reviewed by the board annually, taking into consideration comparable current salary levels as well as affordability.

10

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

Risk Management

The Board of Trustees has examined all the major strategic, financial, operational and artistic risks that are faced by Kazzum. A risk management policy is in place, outlining the procedures and reviews that are undertaken so that appropriate measures may be taken to lessen these risks. Kazzum holds a comprehensive risk register, however the primary areas of risk that have been identified as having the greatest impact on Kazzum’s activities and mitigations are as follows:

11

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

FINANCIAL REVIEW

2024-25 saw the organisation build new relationships and maintain support from individuals to support our trauma informed activities and the emerging needs of our participants and artists.

We’re extremely grateful to the continued support received from all donors, without their support our work would be impossible. Funding has allowed us to evolve our programmes and grow our capacity and resources to deliver impactful creative activities with children and young people.

We achieved net income for the year of £45,717 (2024 - net expenditure of £30,185), including net income on restricted funds of £31,276 (2024 - net expenditure of £14,884), and net income on unrestricted funds of £14,441 (2024 - net expenditure of £15,301). Designated funds are outlined within the reserves policy.

The balance of restricted funds at 31 March 2025 was £108,440, representing funding received in advance of expenditure on different projects which has been allocated during 2025-26.

Most of our income (55%) was secured from restricted grants from Trusts and Foundations for our charitable activities. We had a total of 16 funders who gave restricted grants and 5 funders who had funds carried forward from previous years whose grants have ended, and no further income was due. Three Trusts and Foundations donated unrestricted grants to us. We developed strong relationships with new funders and strengthened existing partnerships.

This year we maintained levels of income generated from training, consultancy and partnerships and saw our grant income increase by 12%. Our donation income did decrease; however, levels were still higher comparatively to previous years. Our income overall increased this year by 18% from £259,981 to £306,867 and expenditure was in line with this.

76% of the total organisational expenditure was spent on charitable activities, with 6% expended on raising funds to support Kazzum to achieve its objectives. Of the total expenditure, 58% was on staffing, our greatest asset. Overall expenditure has reduced by 10%, thanks to a number of cost-saving measures that were implemented during the year.

In the future, we aim to build upon the success of generating contributions from individuals and earned income opportunities to grow our unrestricted income which will allow us more flexibility. We remain focused on developing our fundraising capacity so that we can provide sustainable, reliable services for the young people who rely on our support.

12

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

Going Concern

The Board considers that Kazzum Arts remains a going concern. As a grant-funded organisation that depends on restricted grant funding for a large part of its income, Kazzum Arts begins each financial year without having secured all the income to cover its operational costs in the year. Trustees and senior management monitor the financial position regularly and identify any upcoming risks and mitigations that may impact our reserves position.

Reserves Policy

The management committee has examined Kazzum's requirement for reserves considering the main risks to the organisation, its contractual obligations and the planned future growth and development of the organisation.

The trustees have established a policy whereby an amount equivalent to approximately 6 months operating costs should be held in reserves. For prudence reasons, they consider that this amount should be held as designated to ensure that it will be available if needed.

The committee has established a reserves policy whereby the target for designated funds held should be £75,000. This is equivalent to costs involved in winding up the organisation over a period of 6 months.

The committee have further designated funds to ensure the continuation of our activity in 2025-26:

At the year end, a total of £111,055 (2024 - £96,614) was held in unrestricted funds, £99,629 (2024 - £85,314) of which was designated as above. Funds held as general funds were therefore £11,426 (2024 - £11,300). The trustees consider that having this cushion is reasonable given the current uncertain times.

In line with our risk mitigation strategy and our experience of the Covid-19 pandemic and the current economic climate these unrestricted funds may be allocated to shortfalls in funding to safeguard and support the organisation to build resilience in changing circumstances. This will ensure we can provide consistency and continue to deliver the highest quality work to make the greatest impact for our beneficiaries.

Our reserve levels and policy will be reviewed by the management committee on a quarterly basis.

Plans for 2025-2026

Kazzum will continue to advocate for children and young people at a time when inequalities are deepening, and solidarity is needed more than ever.

13

KAZZUM ARTS PROJECT

(Registered company no. 02447000, registered charity no. 802941)

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

The organisation’s work during 2025-2026 will focus on delivering against our refreshed strategic plan to ensure we are meeting our priorities to:

We will do this by:

Fundraising will focus on sustaining and strengthening our programme of activity. Kazzum will be seeking funds that allow greater flexibility to ensure we can meet emerging needs. Where possible Kazzum will:

14

KAZZUM ARTS PROJECT

‘

(Registered company no. 02447000, registered charity no. 802941)

:

BOARD OF TRUSTEES' ANNUAL REPORT

For the year ended 31 March 2025

Trustees’ responsibilities

‘ Company and Charity Law requires the trustees to prepare financial statements that give true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.

Approval

This report was approved by the Board of Trustees on 23 October 2025 and signed on its behalf by:

Laura Wilkinson

Chair

15

KAZZUM ARTS PROJECT

INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES For the year ended 31 March 2025

I report on the accounts of the charity for the year ended 31 March 2025.

Respective responsibilities of the Board of Trustees and examiner

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company’s accounts 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 that in any material respect:

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.

Charles Ssempijja, FCA

NfP Accountants Ltd Chartered Accountants 86-90 Paul Street London

12 November 2025

EC2A 4NE Date: ………………………………

16

KAZZUM ARTS PROJECT

STATEMENT OF FINANCIAL ACTIVITIES

(incorporating Income and Expenditure Account & Statement of Total Realised Gains and Losses) For the year ended 31 March 2025

Unrestricted
Funds
Note
2025
£
INCOME FROM
Donations and legacies
2
45,091
Charitable activities
3
75,035
1,111
-
TOTAL INCOME
121,237
EXPENDITURE ON:
Raising funds
4
18,725
Charitable activities
Primary colours
4
24,635
Pathways and Build
39,340
Professional practice
24,096
88,071
TOTAL EXPENDITURE
106,796
14,441
RECONCILIATION OF FUNDS
TOTAL FUNDS AT 1 APRIL 2024
96,614
TOTAL FUNDS AT 31 MARCH 2025
111,055
£
Investment income: bank interest
Other income
NET INCOME/(EXPENDITURE) FOR
THE YEAR		 Unrestricted
Funds
Note
2025
£
INCOME FROM
Donations and legacies
2
45,091
Charitable activities
3
75,035
1,111
-
TOTAL INCOME
121,237
EXPENDITURE ON:
Raising funds
4
18,725
Charitable activities
Primary colours
4
24,635
Pathways and Build
39,340
Professional practice
24,096
88,071
TOTAL EXPENDITURE
106,796
14,441
RECONCILIATION OF FUNDS
TOTAL FUNDS AT 1 APRIL 2024
96,614
TOTAL FUNDS AT 31 MARCH 2025
111,055
£
Investment income: bank interest
Other income
NET INCOME/(EXPENDITURE) FOR
THE YEAR		 Restricted
Funds
2025
£
185,630
-
-
-		 Total
Funds
2025
£
230,721
75,035
1,111
-		 Unrestricted
Funds
2024
£
66,616
48,906
114
-		 Restricted
Funds
2024
£
144,345
-
-
-		 Total
Funds
2024
£
210,961
48,906
114
-
121,237 185,630 306,867 115,636 144,345 259,981
455
88,041
52,116
13,742		 19,180
112,676
91,456
37,838		 4,756
60,660
35,863
29,658		 1,324
105,277
51,258
1,370		 6,080
165,937
87,121
31,028
88,071 153,899 241,970 126,181 157,905 284,086
106,796 154,354 261,150 130,937 159,229 290,166
14,441
96,614		 31,276
77,164		 45,717
173,778		 (15,301)
111,915		 (14,884)
92,048		 (30,185)
203,963
111,055
**£ **		 108,440
**£ **		 219,495
**£ **		 96,614
_£ _		 77,164
_£ _		 173,778
_£ _

All income and expenditure has arisen from continuing activities The annexed notes form part of these financial statements

17

:

KAZZUM ARTS PROJECT (company limited by guarantee number 02447000)

BALANCE SHEET

As at 31 March 2025

.

‘

Notes 2025 2024
£ £ £ £
CURRENT ASSETS
Debtors 13 8,796 423
Cash at bank and in hand 218,353 178,747
227,149 179,170
CREDITORS: amounts falling due
within oneyear		 15 (7,654) (5,392)
NETCURRENT ASSETS 219,495 173,778
NET ASSETS £ 219,495 £ 173,778
FUNDS
Restricted funds 16 108,440 77,164
Unrestricted funds 16
Designated funds 16 99,629 85,314
General fund 16 11,426 11,300
111,055 96,614
£ 219,495 £ 173,778

In approving these financial statements as trustees of the charitable company we hereby confirm that:

For the year ended 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476.

The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with with the provisions applicable to companies subject to the small companies' regime, and in accordance with 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) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements were approved, and authorised for issue, by the Board of Trustees on 23 October 2025 and signed on their behalf by:K VA ee LAURA WILKINSON, Chair

The annexed notes form part of these financial statements

18

KAZZUM ARTS PROJECT

STATEMENT OF CASHFLOWS For the year ended 31 March 2025

£
£
Cash flows from operating activities
45,717
Net cash provided by / (used in) operating activities
(Increase)/decrease in stocks
-
(Increase)/decrease in debtors
(8,373)
Increase/(decrease) in creditors
2,262
(6,111)
Change in cash and cash equivalents in the year
39,606
Cash and cash equivalents at the beginning of the year
178,747
Cash and cash equivalents at the year end
218,353
2025		 2024 2024
£
-
21,833
1,532		 £
(30,185)
23,365
(6,820)
185,567
178,747

19

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

The accounts have been prepared under the historical cost accounting rules, and in accordance with 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) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

Judgements and key sources of estimation uncertainty are detailed in the accounting policies where applicable.

Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

Going concern

The Trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. Key judgements that the charitable company has made which have a significant effect on the accounts include estimating income and expenditure for the next 12 months.

Income

Income is recognised when the charity has entitlement to the funds: this is when any performance conditions attached to the income have been met, it is probable that the income will be received, and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income is only deferred when: the donor specifies that the grant or donation must only be used in future accounting periods; or for performance related grants, where these are received in advance of the performances or specific event to which they relate.

20

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Company status

Kazzum Arts Project is a Charitable Company, limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The charity is a public benefit entity within the meaning of FRS102.

Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Fundraising costs

Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Charitable activities

Expenditure on charitable activities includes the costs of delivering services and reading activities undertaken to further the purposes of the charity and their associated support costs.

Other expenditure

Other expenditure represents those items not falling into any other heading.

21

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. Staff costs are stated on the basis of staff time. Support costs which cannot be directly attributed to charitable activities are allocated in proportion to staff costs.

Where information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of the area of literature occupied by each activity.

Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

Tangible fixed assets and depreciation

Tangible fixed assets (excluding investments) are stated at cost less depreciation. The cost of minor additions or those costing less than £500 are not capitalised. Fixed assets are included at cost and depreciated at 25% straight line.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Pensions

From January 2017, the charity auto-enrolled its staff into a qualifying scheme. During the year, the charity contributed up to 5% of gross pay for all staff after they have completed their probation period. Pension contributions in the year are included in expenditure.

22

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Grants
Arts Council England
Awards for All
Baring Foundation
Bleu Blanc Rouge Foundation
Charles S French
City Bridge Trust
Croydon Relief in Need
David Cock Foundation
D'Oyly Carte Charitable Trust
Garfield Weston Trust
Groundwork UK
Ironmongers
John Thaw Foundation
Mount Trust
Newcomen Collett
Paul Hamlyn Foundation
St Olave's Foundation Fund
The Aurum Charitable Trust
The Foyle Foundation
The MBILI Charitable Trust
The Morel Trust
The Swan Mountain Trust
Tim Henman Foundation
Toy Trust
Travers Smith LLP
Vandervell Foundation
Vintners Foundation
Donations
Local Community Fund - LB
Tower Hamlets		 Unrestricted
Funds
2025
£
-
-
-
25,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
15,000
-
-
-
-
-
-
-
-
-		 Restricted
Funds
2025
£
26,987
19,750
43,100
-
4,000
27,075
5,100
1,500
4,655
-
963
4,000
-
-
-
2,000
40,000
2,500
-
-
-
-
-
-
-
-
-
4,000		 Total
Funds
2025
£
26,987
19,750
43,100
25,000
4,000
27,075
5,100
1,500
4,655
-
963
4,000
-
-
-
2,000
40,000
2,500
15,000
-
-
-
-
-
-
-
-
4,000		 Total
Funds
2024
£
3,904
-
-
26,250
-
35,550
-
-
-
20,000
8,667
-
1,000
8,000
4,500
-
40,000
2,500
15,000
25,000
2,000
1,500
3,500
3,224
1,000
1,000
3,000
-
40,000
5,091		 185,630
-		 225,630
5,091		 205,595
5,366
45,091
**£ **		 185,630
**£ **		 230,721
**£ **		 210,961
_£ _

23

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

Note 2 continued: 2024
Grant income
abrdn Charitable Foundation
Arts Council England
Awards for All
Bleu Blanc Rouge Foundation
City Bridge Trust
Dentons Charitable Trust
Garfield Weston Trust
Greater London Authority
Groundwork UK
John Thaw Foundation
London Borough of Waltham Forest
London Catalyst
London Youth - Quality Mark
Mount Trust
Paul Hamlyn Foundation
St Olave's Foundation Fund
The Aurum Charitable Trust
The Foyle Foundation
The Hospital Saturday Fund
The MBILI Charitable Trust
The Morel Trust
The National Lottery Community Fund
The Swan Mountain Trust
Tim Henman Foundation
Toy Trust
Travers Smith LLP
Vandervell Foundation
Donations
Local Community Fund - LB		 Unrestricted
Funds
2024
£
-
-
-
26,250
-
-
20,000
-
-
-
-
-
-
-
-
-
-
15,000
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
2024
£
-
3,904
-
-
35,550
-
-
-
8,667
1,000
8,000
-
-
-
4,500
40,000
2,500
-
25,000
-
2,000
1,500
-
3,500
3,224
1,000
1,000
3,000		 Total
Funds
2024
£
-
3,904
-
26,250
35,550
-
20,000
-
8,667
1,000
8,000
-
-
-
4,500
40,000
2,500
15,000
25,000
-
2,000
1,500
-
3,500
3,224
1,000
1,000
3,000
61,250
5,366		 144,345
-		 205,595
5,366
66,616
_£ _		 144,345
_£ _		 210,961
_£ _

24

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

3. INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
Primary Colours
Pathways and Build
Professional Practice		 Unrestricted
Funds
2025
£
5,077
21,352
48,606		 Restricted
Funds
2025
£
-
-
-		 Total
Funds
2025
£
5,077
21,352
48,606		 Total
Funds
2024
£
6,963
12,134
29,809
75,035
**£ **		 Nil
£		 75,035
**£ **		 48,906
_£ _

4. ANALYSIS OF EXPENDITURE

Primary Colours
Pathways and Build
Professional Practice
Fundraising costs
Governance costs
Support costs
2024		 Staff costs
£
62,117
35,369
20,399		 Direct
costs
£
27,464
42,937
9,855		 Governance
costs
£
2,763
1,573
907		 Support
costs
£
20,332
11,577
6,677		 Total
2025
£
112,676
91,456
37,838		 Total
2024
£
165,937
87,121
31,028
117,885
9,174
3,459
20,495		 80,256
6,595
2,192
21,094		 5,243
408
(5,651)
-		 38,586
3,003
-
(41,589)		 241,970
19,180
-
-		 284,086
6,080
-
-
151,013
**£ **		 110,137
**£ **		 Nil
£		 Nil
£		 261,150
**£ **		 290,166
_£ _
Primary colours
Pathways and Build
Professional practice
Fundraising costs
Governance costs
Support costs		 84,710
29,441
20,508		 51,099
47,209
3,226		 2,996
1,041
725		 27,132
9,430
6,569		 165,937
87,121
31,028
134,659
-
2,205
22,684		 101,534
6,080
2,557
20,447		 4,762
-
(4,762)
-		 43,131
-
-
(43,131)		 284,086
6,080
-
-
159,548
_£ _		 130,618
_£ _		 Nil
£		 Nil
£		 290,166
_£ _

Of the total expenditure, £106,796 was unrestricted (2024 - £130,937) and £154,354 was restricted (2024 - £159,229).

25

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

5. NET INCOME / EXPENDITURE FOR THE YEAR

This is stated after charging / crediting:

Independent examiner's remuneration:
6.
STAFF COSTS AND NUMBERS
Unrestricted
Funds
2025
£
Salary costs
Wages and salaries
44,256
Social security costs
7,963
Pension costs
8,915
61,134
**£ **		 Independent examiner's remuneration:
6.
STAFF COSTS AND NUMBERS
Unrestricted
Funds
2025
£
Salary costs
Wages and salaries
44,256
Social security costs
7,963
Pension costs
8,915
61,134
**£ **		 Restricted
Funds
2025
£
89,219
-
-		 Total
Funds
2025
£
133,475
7,963
8,915		 Unrestricted
Funds
2024
£
63,995
8,197
7,509		 2025
£
1,800		 2024
£
1,800
Restricted
Funds
2024
£
79,847
-
-		 Total
Funds
2024
£
143,842
8,197
7,509
61,134
**£ **		 89,219
**£ **		 150,353
**£ **		 79,701
_£ _		 79,847
_£ _		 159,548
_£ _

The average weekly number of staff in the year (headcount) was 6 employees (2024 - 5 employees). One key management staff received total remuneration, including employer NI and pension, of £51,676 (2024 (revised) - £43,078).

No employees received remuneration in excess of £60,000 (2024 - the same).

7. TRUSTEES' REMUNERATION AND EXPENSES

No trustees received remuneration in the year (2024 - the same). One trustee received a reimbursement of £26 for out of pocket expenses (2024 - none).

26

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

8. RELATED PARTY TRANSACTIONS

Other than trustees' expenses above, there are no reportable related party transactions to disclose for 2025 (2024 - none).

9. TAXATION

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10. PENSION SCHEME

The charity operates a defined contributions pension scheme with Hencilla (aviva), which is a qualifying pension scheme. The fund manager's fee is £50 per employee per year, included in expenditure. The contributions made during the year are treated as an expense and were £8,915 (2024 - £7,509).

11. GOVERNANCE AND SUPPORT COSTS

Unrestricted
Funds
2025
£
Governance costs
Independent
examiner's fee
1,800
Board meetings
392
Governance staff costs
3,459
5,651		 Unrestricted
Funds
2025
£
Governance costs
Independent
examiner's fee
1,800
Board meetings
392
Governance staff costs
3,459
5,651		 Restricted
Funds
2025
£
-
-
-		 Total
Funds
2025
£
1,800
392
3,459		 Unrestricted
Funds
2024
£
1,800
757
2,205		 Restricted
Funds
2024
£
-
-
-		 Total
Funds
2024
£
1,800
757
2,205
5,651 - 5,651 4,762 - 4,762

27

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

Note 11 - GOVERNANCE AND SUPPORT COSTS - Continued…

Unrestricted Unrestricted Restricted Restricted Total Unrestricted Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Support costs
Office rent 8,795 - 8,795 10,193 - 10,193
IT equipment 982 - 982 144 - 144
Insurance 1,509 - 1,509 1,376 - 1,376
Stationery and post 104 - 104 36 - 36
Office equipment 227 - 227 169 - 169
IT Equipment
Maintenance		 1,117 - 1,117 1,191 - 1,191
Training 280 - 280 - - -
Bank charges 54 - 54 24 - 24
Phone and internet 509 - 509 408 - 408
Sundries 404 - 404 1,243 - 1,243
Memberships 710 - 710 1,232 - 1,232
DBS checks 39 - 39 - - -
Travel 68 - 68 52 - 52
Payroll and pension
admin		 586 - 586 936 - 936
Recruitment - - - 313 - 313
Accounting software 569 - 569 473 - 473
Remote working costs 312 - 312 - - -
HR Support 2,020 - 2,020 596 - 596
Marketing and
promotion		 2,809 - 2,809 2,061 - 2,061
Support staff costs 20,495 - 20,495 22,684 - 22,684
41,589 - 41,589 43,131 - 43,131
**£ ** 47,240 £ Nil
 **£ ** 47,240 _£ _ 47,893 £ Nil
 _£ _ 47,893

28

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

12. TANGIBLE FIXED ASSETS

Cost
At 1 April 2024 and 31 March 2025
Depreciation
At 1 April 2024 and 31 March 2025
Net book value
At 31 March 2024
At 31 March 2025
13. DEBTORS
Due within one year
Trade debtors
Overpayment for payroll liabilities
Prepayments
14. BANK AND CASH
Cash at bank
Petty cash
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors: credit card
Accruals		 Furniture
and fittings
£
-		 Office
equipment
£
15,580		 Total
£
15,580
- 15,580 15,580
Nil
£		 Nil
£		 Nil
£
Nil
£		 Nil
£		 Nil
£
2025
£
5,813
-
2,983		 2024
£
117
-
306
8,796
**£ **		 423
_£ _
2025
£
218,212
141		 2024
£
178,590
157
218,353
**£ **		 178,747
_£ _
2025
£
5,513
341
1,800		 2024
£
2,870
722
1,800
7,654
**£ **		 5,392
_£ _

29

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

16. STATEMENT OF FUNDS

STATEMENT OF FUNDS
2025
DESIGNATED FUNDS
RESTRICTED FUNDS
Arts Council England
Awards for All
Baring Foundation
City Bridge Trust
SUMMARY OF FUNDS
Restricted Funds
Designated Funds
General Funds
St Olave's Foundation Fund
The MBILI Charitable Trust
Continuation of activity fund
Vintners Foundation
Charles French
Mount Trust
Paul Hamlyn Foundation
Comic Relief (Groundwork)
The Foyle Foundation
The John Thaw Foundation
The Morel Charitable Trust
The Swan Mountain Trust
Travers Smith
Croydon Relief in Need
David Cock Foundation
Vandervell Foundation
Ironmongers
Newcomen Collett
D'Oyly Carte Charitable Trust		 Brought
Forward
£
85,314		 Incoming
Resources
£
-		 Resources
Expended
£
-		 Transfers and
investment
gains/(losses)
£
14,315		 Carried
Forward
£
99,629
85,314
**£ **		 Nil
£		 Nil
£		 14,315
**£ **		 99,629
**£ **
-
-
-
-
13,402
4,357
-
-
-
-
4,500
-
32,875
-
12,254
1,000
2,000
1,500
1,276
1,000
3,000
-		 26,987
19,750
43,100
4,000
27,075
963
5,100
4,655
1,500
4,000
-
2,000
40,000
2,500
-
-
-
-
-
-
-
4,000		 (10,853)
(6,063)
(9,397)
(4,000)
(36,977)
(5,320)
(2,408)
-
(1,500)
(3,410)
(4,500)
(2,000)
(43,373)
(2,500)
(12,254)
(1,000)
(2,000)
(1,500)
(1,276)
(1,000)
(3,000)
(23)		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 16,134
13,687
33,703
-
3,500
-
2,692
4,655
-
590
-
-
29,502
-
-
-
-
-
-
-
-
3,977
77,164
**£ **		 185,630
**£ **		 (154,354)
£		 Nil
£		 108,440
**£ **
77,164
85,314
11,300		 185,630
-
121,237		 (154,354)
-
(106,796)		 -
14,315
(14,315)		 108,440
99,629
11,426
173,778
**£ **		 306,867
**£ **		 (261,150)
£		 Nil
£		 219,495
**£ **

30

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

STATEMENT OF FUNDS - 2024
DESIGNATED FUNDS
RESTRICTED FUNDS
Arts Council England
Awards for All
City Bridge Trust
London Catalyst
SUMMARY OF FUNDS
Restricted Funds
Designated Funds
General Funds
The Morel Charitable Trust
The Swan Mountain Trust
Tim Henman Foundation
The Toy Trust
Comic Relief
Dentons Charitable Trust
Mount Trust
The Foyle Foundation
The Hospital Saturday Fund
LB Tower Hamlets - Local
Community Fund
Travers Smith
abrdn Charitable Foundation
Continuation of activity fund
The John Thaw Foundation
Vandervell Foundation
The MBILI Charitable Trust
Paul Hamlyn Foundation
St Olave's Foundation Fund		 Brought
Forward
£
80,040		 Incoming
Resources
£
-		 Resources
Expended
£
-		 Transfers and
investment
gains/(losses)
£
5,274		 Carried
Forward
£
85,314
80,040
_£ _		 Nil
£		 Nil
£		 5,274
_£ _		 85,314
_£ _
Brought
Forward
£
5,000
12,402
9,992
11,164
-
1,500
6,045
3,320
-
36,000
-
-
3,320
-
3,000
-
-
305
-
-
-		 Incoming
Resources
£
-
3,904
-
35,550
8,667
-
8,000
-
4,500
40,000
2,500
25,000
-
1,000
2,000
1,500
3,500
3,224
1,000
1,000
3,000		 Resources
Expended
£
(5,000)
(16,306)
(9,992)
(33,312)
(4,310)
(1,500)
(14,045)
(3,320)
-
(43,125)
(2,500)
(12,746)
(3,320)
-
(3,000)
-
(2,224)
(3,529)
(1,000)
-
-		 Transfers and
investment
gains/(losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Carried
Forward
£
-
-
-
13,402
4,357
-
-
-
4,500
32,875
-
12,254
-
1,000
2,000
1,500
1,276
-
-
1,000
3,000
92,048
_£ _		 144,345
_£ _		 (159,229)
£		 Nil
£		 77,164
_£ _
Brought
Forward
£
92,048
80,040
31,875		 Incoming
Resources
£
144,345
-
115,636		 Resources
Expended
£
(159,229)
-
(130,937)		 Transfers and
investment
gains/(losses)
£
-
5,274
(5,274)		 Carried
Forward
£
77,164
85,314
11,300
203,963
_£ _		 259,981
_£ _		 (290,166)
£		 Nil
£		 173,778
_£ _

31

KAZZUM ARTS PROJECT

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Net current assets
18. ANALYSIS OF THE NET MOVEMENT IN FUNDS
Net movement in funds		 Unrestricted Funds
Designated
General
Funds
Funds
£
£
99,629
11,426
99,629
£
11,426
£
Unrestricted
Restricted
Funds
Funds
2025
2025
£
£
14,441
31,276
14,441
£
31,276
**£ **		 Unrestricted Funds
Designated
General
Funds
Funds
£
£
99,629
11,426
99,629
£
11,426
£
Unrestricted
Restricted
Funds
Funds
2025
2025
£
£
14,441
31,276
14,441
£
31,276
**£ **		 Restricted
Funds
£
108,440		 Total
Funds
£
219,495
99,629
**£ **		 11,426
**£ **		 108,440
**£ **		 219,495
**£ **
Unrestricted
Funds
2025
£
14,441		 Restricted
Funds
2025
£
31,276		 Total
Funds
2025
£
45,717		 Total
Funds
2024
£
(30,185)
14,441
**£ **		 31,276
**£ **		 45,717
**£ **		 (30,185)
£

19. OPERATING LEASE COMMITMENTS

The charity has an operating lease for its office premises, at a committed cost £1,175 per month, with a 3 months' break clause. Therefore the committed cost at any given moment is £3,525.

20. OTHER COMPANY INFORMATION

Kazzum Arts Project is a charitable company limited by guarantee without share capital, with use of 'Limited' exemption, and registered in England with registration number 02447000. The charity's governing document is its Memorandum and Articles of Association. Its registered office address is Oxford House, Derbyshire Street, London, E2 6HG. The accounts are presented in GBP rounded to £1.

32