**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 9 **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 10 **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... 11 **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... 12 **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... 13 **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... 14 **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. 15 **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 16 **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 17