Amasing Arts - Charities report - 22.2

REGISTERED COMPANY NUMBER: 12120957 (England and Wales)

REGISTERED CHARITY NUMBER: 1189985

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 July 2022

for

Amasing Arts

Page

Report of the Trustees

1

to

3

Statement of Financial Activities

4

Statement of Financial Position

5

Notes to the Financial Statements

6

to

9

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2022. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity is a public benefit entity. The objectives of the charity are to promote, maintain, improve and advance education in the arts amongst children and young people up to 25 years of age to enhance their wellbeing, confidence and self-esteem.

Significant activities

Amasing Workshops

AmaSing Arts delivers exciting and inspiring arts workshops run by professional musicians and arts specialists. The workshops are inclusive to all children and young people regardless of their needs, ability, background, culture, gender or age. We often collaborate with different groups in our workshops such as families, the elderly, adults with learning difficulties. Through the arts we help to build community cohesion and bring together many different groups who otherwise would not get a chance to work together. Our workshops specialise in Music, Singing, Art, Drama, Dance, Creative Writing and Media. We value everyone's contribution in these workshops and celebrate their achievements. We run workshops in schools, educational establishments, community spaces and hospitals.

We also deliver CPD and offer support through a range of activities and involvement. Our workshops offer CPD opportunities and support professional development for teachers and student teachers. They help to develop skills and knowledge to teachers enabling them to deliver Singing, Music and the Arts to the daily school curriculum. The workshops are also open to students in Performing Arts and those who have an interest in Community Arts Projects.

The trustees declare that, when exercising their powers and making a decision to which the guidance is relevant, they have had regard to the Charity Commission's public benefit guidance.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The COVID 19 Pandemic has had a dramatic impact on our planned activities but led to many other significant achievements. Pre pandemic AmaSing Arts delivered many Arts workshops in Dance, Drama, Poetry and Music, mixing different schools and communities together in the sessions. The workshops were filmed and videos were created to demonstrate the children's achievements which were then showcased during live performances at theatres.

Since the beginning of the pandemic, AmaSing Arts has continued to work with children online, supporting schools and teachers to deliver the Arts, creating music and supporting participants' mental health. We have created over 15 new songs / dances which have been produced professionally and both the workshop films and the music created have been uploaded to our website for the schools, the communities involved and the individual children to access for free. We have seen a growing demand for our online services during the last two years, particularly reaching children in school bubbles and isolating at home whether locally, across the UK or abroad. Recently, we held an online 'Big Sing' which brought over 18,000 children from around the world together. AmaSing Arts also continued to deliver workshops within school bubbles at a variety of locations in its huge 'spiderdome' tent, creating new music, dance and art in them and we have reaching over 70 schools when delivering sessions in this format.

FINANCIAL REVIEW

Financial position

The charity is in a strong financial position to deliver its work and achieve its aims and objectives going forward. Due to the pandemic the charity has not been able to operate to its full extent but this will improve as restrictions continue to lift. Both workshops and resources have been reallocated to next year for projects to be completed should restrictions at the time allow.

We will continue to apply for new funding through grants, donations and sponsorship, building on the successes with fundraising over the last two years which has enabled us to continue delivering our services and achieving our objectives. The growing demand for our services and the overwhelmingly positive feedback which we have received will enable us to apply for further funding which together with other funding already secured will help us to build on the number and range of activities which we are able to offer in the future.

Going concern

There are no material uncertainties about the charity's ability to continue.

FUTURE PLANS

Amasing Arts will continue to:

- Deliver workshops online and once the restrictions allow deliver them in person;

- Support schools and teachers to deliver the Arts;

- Provide CPD opportunities for teachers and student teachers;

- Provide work experience opportunities for young people;

- Work in partnership with schools, children, communities, families, groups and professionals;

- Endorse collaborative working.

We review our aims and objectives annually to assess our achievements and outcomes from the previous twelve months, thus ensuring that we remain focused on our stated mission and on attaining our charitable aims. We continue to take guidance from the Charity Commission and adhere to government directives and guidelines. Monitoring and feedback systems ensure that our range of activities are appropriate to the needs of schools, children, young adults and their families as well as meeting the needs and expectations of the wider community.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its Memorandum and Articles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

The charity is constituted as a company limited by guarantee as defined by the Companies Act 2006. The company was incorporated on 24 July 2019 and is registered as a charity.

Recruitment and appointment of new trustees

Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they are eligible for re-election or replacement at the next Annual General Meeting. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed are set out within the accounts.

James Borman and Luke Gooding have resigned as trustees of the charity.

Induction and training of new trustees

All trustees are encouraged to be actively involved with our work and as part of their induction are given the "Essential Trustee Guide" published by the Charities Commission. New trustees will be briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the Management Committee and the decision-making processes.

Risk management

The trustees have a duty to identify and review the risks to which the charity is or may become exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Management Committee conducts a regular review of the major risks to which the charity is exposed and will update policies and procedures where required.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

12120957 (England and Wales)

Registered Charity number

1189985

Registered office

Unit 4

The Bridge Business Centre

Ash Road South

Wrexham

Flintshire

LL13 9UG

Trustees

Mrs R Borman

T Polding Solicitor

A Smith Musician

Ms E A Smithies Partnership Quality Lead

M F Stanley Director

D A Wearing Principal

A Dee

Approved by order of the board of trustees on 19 April 2023 and signed on its behalf by:

Mrs R Borman - Trustee

31.7.22

31.7.21

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

5,000

9,999

EXPENDITURE ON

Charitable activities

Costs of charitable activites

5,173

18,931

Other

-

1,325

Total

5,173

20,256

NET INCOME/(EXPENDITURE)

(173

)

(10,257

)

RECONCILIATION OF FUNDS

Total funds brought forward

6,047

16,304

TOTAL FUNDS CARRIED FORWARD

5,874

6,047

31.7.22

31.7.21

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Cash at bank

9,474

8,147

CREDITORS

Amounts falling due within one year

4

(3,600

)

(2,100

)

NET CURRENT ASSETS

5,874

6,047

TOTAL ASSETS LESS CURRENT LIABILITIES

5,874

6,047

NET ASSETS

5,874

6,047

FUNDS

5

Unrestricted funds

5,874

6,047

TOTAL FUNDS

5,874

6,047

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 19 April 2023 and were signed on its behalf by:

R Borman - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals 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 corporation 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.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.

3.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

9,999

EXPENDITURE ON

Charitable activities

Costs of charitable activites

18,931

Other

1,325

Total

20,256

NET INCOME/(EXPENDITURE)

(10,257

)

RECONCILIATION OF FUNDS

Total funds brought forward

16,304

TOTAL FUNDS CARRIED FORWARD

6,047

4.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Other creditors

1,500

-

Accrued expenses

2,100

2,100

3,600

2,100

5.	MOVEMENT IN FUNDS

Net

movement

At

At 1.8.21

in funds

31.7.22

£

£

£

Unrestricted funds

General fund

6,047

(173

)

5,874

TOTAL FUNDS

6,047

(173

)

5,874

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

5,000

(5,173

)

(173

)

TOTAL FUNDS

5,000

(5,173

)

(173

)

Comparatives for movement in funds

Net

movement

At

At 1.8.20

in funds

31.7.21

£

£

£

Unrestricted funds

General fund

16,304

(10,257

)

6,047

TOTAL FUNDS

16,304

(10,257

)

6,047

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

9,999

(20,256

)

(10,257

)

TOTAL FUNDS

9,999

(20,256

)

(10,257

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.8.20

in funds

31.7.22

£

£

£

Unrestricted funds

General fund

16,304

(10,430

)

5,874

TOTAL FUNDS

16,304

(10,430

)

5,874

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

14,999

(25,429

)

(10,430

)

TOTAL FUNDS

14,999

(25,429

)

(10,430

)

6.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2022.

7.	SHARE CAPITAL

There is no share capital. The company is limited by guarantee.