Array Studios
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,610 Charitable activities Charitable activities 10,844 Other trading activities 2 568 Investment income 3 49 Total 14,071 EXPENDITURE ON Charitable activities Charitable activities 9,139 NET INCOME/(EXPENDITURE) 4,932 RECONCILIATION OF FUNDS Total funds brought forward 14,845 TOTAL FUNDS CARRIED FORWARD 19,777 |
Restricted fund £ - 39,035 - - 39,035 39,035 - - - |
31/3/25 31/3/24 Total Total funds funds £ £ 2,610 3,195 49,879 99,378 568 - 49 136 53,106 102,709 48,174 140,380 4,932 (37,671) 14,845 52,516 19,777 14,845 |
|---|---|---|
The notes form part of these financial statements
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Array Studios
Balance Sheet 31 March 2025
| Notes FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank |
31/3/25 31/3/24 £ £ - - 19,777 14,845 |
|---|---|
| NET CURRENT ASSETS | 19,777 14,845 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 19,777 14,845 |
| NET ASSETS | 19,777 14,845 |
| FUNDS 7 Unrestricted funds |
19,777 14,845 |
| TOTAL FUNDS | 19,777 14,845 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 30/01/2026
............................................. es J Maguire - Trustee ............................................. R Campbell-Palmer - Trustee
The notes form part of these financial statements
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Array Studios
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under IFRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2008. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has received the funds.
Expenditure
Expenditure is accounted for on a payments basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| 2. OTHER TRADING ACTIVITIES |
||
|---|---|---|
| Other Income | 31/3/25 £ 568 |
31/3/24 £ - |
| 3. INVESTMENT INCOME Investment income |
31/3/25 £ 49 |
31/3/24 £ 136 |
continued...
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Array Studios
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5.
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,195 Charitable activities Charitable activities 31,320 Investment income 136 Total 34,651 EXPENDITURE ON Charitable activities Charitable activities 67,003 NET INCOME/(EXPENDITURE) (32,352) Transfers between funds (5,319) Net movement in funds (37,671) RECONCILIATION OF FUNDS Total funds brought forward 52,516 TOTAL FUNDS CARRIED FORWARD 14,845 |
Restricted fund £ - 68,058 - 68,058 73,377 (5,319) 5,319 - - - |
Total funds £ 3,195 99,378 136 102,709 140,380 (37,671) - (37,671) 52,516 14,845 |
|---|---|---|
continued...
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Array Studios
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
----- Start of picture text -----
6. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31/3/25 31/3/24
Unrestricted Restricted Total Total
fund fund funds funds
£ £ £ £
Fixed assets - - - -
Current assets 19,777 - 19,777 14,845
-
19,777 19,777 14,845
7. MOVEMENT IN FUNDS
Net
movement At
At 1/4/24 in funds 31/3/25
£ £ £
Unrestricted funds
General fund 14,845 4,932 19,777
TOTAL FUNDS 14,845 4,932 19,777
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 14,071 (9,139) 4,932
Restricted funds
Restricted 39,035 (39,035) -
TOTAL FUNDS 53,106 (48,174) 4,932
Comparatives for movement in funds
Net Transfers
movement between At
At 1/4/23 in funds funds 31/3/24
£ £ £ £
Unrestricted funds
General fund 52,516 (32,352) (5,319) 14,845
Restricted funds
Restricted - (5,319) 5,319 -
TOTAL FUNDS 52,516 (37,671) - 14,845
----- End of picture text -----
continued...
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Array Studios
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 34,651 Restricted funds Restricted 68,058 |
Resources Movement expended in funds £ £ (67,003) (32,352) (73,377) (5,319) |
|---|---|
| TOTAL FUNDS 102,709 |
(140,380) (37,671) |
| A current year 12 months and prior year 12 months combined position is as Net movement At 1/4/23 in funds £ £ Unrestricted funds General fund 52,516 (27,420) Restricted funds Restricted - (5,319) |
follows: Transfers between At funds 31/3/25 £ £ (5,319) 19,777 5,319 - |
| TOTAL FUNDS 52,516 (32,739) |
- 19,777 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted |
Incoming Resources resources expended £ £ 48,722 (76,142) 107,093 (112,412) |
Movement in funds £ (27,420) (5,319) |
|---|---|---|
| TOTAL FUNDS | 155,815 (188,554) |
(32,739) |
continued...
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Array Studios
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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Array Studios
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| INCOME AND ENDOWMENTS Donations and legacies Studio rent Other trading activities Other Income Investment income Investment income Charitable activities Programming income Grants |
31/3/25 31/3/24 £ £ 2,610 3,195 568 - 49 136 10,844 31,320 39,035 68,058 |
|---|---|
| 49,879 99,378 |
|
| Total incoming resources EXPENDITURE Charitable activities Artists costs Programming costs Travel costs Materials |
53,106 102,709 13,851 91,240 4,973 2,507 717 6,980 5,467 9,832 |
| Support costs Other Admin fees Insurance Light and heat Telephone Postage and stationery Sundries Rent and rates Maintenance and security Bank fees |
25,008 110,559 15,720 18,087 332 626 2,085 2,379 828 681 30 144 614 609 2,500 5,000 416 430 41 65 |
| Governance costs Accountancy and legal fees |
22,566 28,021 600 1,800 |
This page does not form part of the statutory financial statements
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Array Studios
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| 31/3/25 31/3/24 £ £ |
|
|---|---|
| Total resources expended | 48,174 140,380 |
| Net income/(expenditure) | 4,932 (37,671) |
This page does not form part of the statutory financial statements
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