Independent Street Arts Network - Accounts to registrar (filleted) - small 18.2
Independent Street Arts Network - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Independent Street Arts Network |
| Unaudited Financial Statements for the Year Ended 31 March 2018 |
| Independent Street Arts Network (Registered number: 04316026) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Chair's Report | 2 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Independent Street Arts Network |
| Company Information |
| for the Year Ended 31 March 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Independent Street Arts Network (Registered number: 04316026) |
| Chair's Report |
| for the Year Ended 31 March 2018 |
| ISAN (now known as OutdoorArtsUK, but for the purposes of these accounts, reporting as ISAN) is the leading membership-based, strategic |
| organisation that supports the development of Outdoor Arts in the UK. ISAN's mission is to develop the Outdoor Arts sector through networking, |
| information-sharing, training, research and advocacy support and in the provision of specialist advice to our members. Our members include artists, |
| artistic companies, development agencies, festivals, funding bodies, independent producers, local authorities, production companies, programmers and |
| venues. |
| ISAN is governed by a Board of Directors which meets three to four times a year. Following the elections in February 2017, the Board was as follows: |
| - Jackie Elliman (Independent Theatre Council) |
| - Ruth Oakley (Arts and Gardens) |
| - Bev Adams (Bev Adams Arts) - Chair |
| - Daryl Beeton (Independent Artist) |
| - Jeni Barnard (Acrojou) |
| - Deborah Mullins (Emergency Exit Arts) |
| - Ajay Chhabra (Nutkhut) |
| - Alan Richardson (Surge) |
| - Michelle Walker (Greenwich and Docklands International Festival) |
| ISAN's membership has continued to increase. In April 2017 it stood at 201, and by March 2018, it had risen to 281. This growth in membership is |
| due to the continuing development strategy, which includes: |
| - Developing membership benefits and opportunities |
| - Maintaining affordable membership rates |
| - Social media campaign and communications strategy |
| - Special offers for members engaging with conference and events |
| - Continuation of reduced ITC training rates for members |
| - The continuation of mentoring sessions for ISAN members |
| - Greater visibility and member focused events at UK Festivals (On The Road Programme) |
| - Greater transparency and approachability |
| ISAN receives funds through members' subscriptions, fees for events as well as continued public subsidy as a National Portfolio Organisation of Arts |
| Council England - the third year of the most recent round ended in March 2018, which is to be replaced by our new status as an ACE SSO (Sector |
| Support Organisation) after we successfully submitted a bid for the next NPO period, with a 93% uplift. |
| ISAN Events |
| The organisation's key events in the twelve month period April 2017-March 2018 included: |
| 19 May ISAN Advice Shop |
| The mentoring team was: Jeni Barnard: Narrative and creative / Emma Jane Clark: Social media and marketing / Brian Cleary: Health & Safety / |
| Fiona Greenhill: Production / Angus MacKechnie: Future development / Natalie Scott: Company management and finance |
| 24-27 May Circostrada Fresh Street Conference & Imaginarius Festival |
| ISAN led a delegation of four Members to attend the Fresh Street Conference in Portugal. We used the expenses given for the Executive Director's |
| participation (as part of the steering group) to support them by paying travel, accommodation and a modest per diem. |
| AM led an Open Space session at the end of the main conference. |
| We were joined by: Sarah Bird (Wild Rumpus / Just So Festival) / Vikki Leaney (Newcastle Gateshead Initiative) / Helen Taylor (Leeds Light Night) / |
| Sonya Moorhead (Independent / Mr Wilson's Second Liners) |
| Jul-Oct ISAN On the Road 2017 |
| 2 Jul Skegness: SO Festival / 8 Jul Swansea: Taliesin Dance Days & Articulture Wales / 23 Jul Birmingham: TILT Aerial & Physical Theatre Festival |
| UK / 6 Aug Waterford City: Spraoi festival & ISACS Network / 28 Aug Devizes: International Street Festival / 3 Sep Hull: Freedom Festival / 17 Sep |
| Great Yarmouth: SeaChange Arts & Out There Festival / 21 Oct Bournemouth: Arts by the Sea Festival |
| 27-28 Nov ISAN Conference, Stables & Festive Road, Milton Keynes |
| The biannual Outdoor Arts Conference took place in Milton Keynes in November, with the support of the Stables and Festive Road. 256 delegates |
| attended. |
| Participants included: Abi Collins (Fool Britannia) / Abi Edgar (Energy Revolution) / Ajay Chhabra (Nutkhut) / Alan Richardson (Surge) / Andrew |
| Ellerby (ACE) / Andrew Loretto (Hat Fair) / Angus MacKechnie (ISAN) / Ann Limb (IF Milton Keynes) / Bettina Linstrum (ArtsAgenda) / Bev |
| Adams (Bev Adams Arts) / Bill Gee (BGA) / Billy Alwen (Cirque Bijou) / Botis Seva (Far From The Norm) / Celine McKillion (Imagine Festivals) / |
| Cerian Eiles (Achates Philanthropy) / Charlie Bunker (Wildworks) / Claire Hodgson (Diverse City) / Daniela Essert (Scarabeus Aerial Theatre) / Dani |
| Marshall (Circulate Consortium) / Daryl Beeton (Independent Artist) / Deb Mullins (EEA) / Doug Francisco (Boomtown Fair) / Ellie Dragonetti |
| (GDIF/ISAN) / Emma Jane Clark (Gertrude & Ivy) / Freya Bennett-Neilson (Global Grooves) / Graham Daniels (Addictive TV) / Holly Prest (Global |
| Grooves) / James Macpherson (Artizani) / Jamie Beddard (Diverse City) / Jeanefer Jean-Charles (Manchester Day) / Jessica Rost (Festive Road) / Jeni |
| Barnard (Acrojou) / John Wassell (Walk the Plank) / Jon Cooper (differencEngine) / Jude Kelly (Southbank Centre) / Katherine Webb |
| (differencEngine) / Leon Patel (Global Grooves) / Mandy Dike (And Now) / Mark Worth (Highly Sprung) / Martine Frost (Festive Road) / Michelle |
| Walker (GDIF) / Monica Ferguson (The Stables) / Natalie Scott (ISAN) / Penny Mills (Audience Agency) / Roger Hartley (Bureau of Silly Ideas) / |
| Rosie Freeman (Brick Box) / Ruth Oakley (Arts & Gardens) / Sarah Bird (Wild Rumpus) / Sarah Worth (Highly Sprung) / Sue Hill (Wildworks) / |
| Tania Harrison (Festival Republic) / Ushi Bagga (Paul Hamlyn Foundation) |
| 13 Dec ISAN Festive Networking Breakfast, ISAN HQ |
| 22 Jan Clore Leadership Open Event, ISAN HQ |
| ISAN also had a presence at the following events, conferences, productions, festivals and meetings: |
| Independent Street Arts Network (Registered number: 04316026) |
| Chair's Report |
| for the Year Ended 31 March 2018 |
| Mahatat for Contemporary Art, Cairo (AM speaker) / Outdoor Arts Offside Workshop, Birmingham (AM speaker) / Wandsworth Fringe / Norfolk and |
| Norwich Festival / Manchester Day Parade / DagFest, Barking & Dagenham / GDIF / XTRAX Shorts / Liberty Festival, Queen Elizabeth Park / |
| Lambeth Country Show / Wolf's Child, Wildworks, Cornwall / Boomtown Fair / Circulate Showcase, Deptford and Hounslow / Spoffin Festival, |
| Amersfoort / Fira Tàrrega / Kamchatka Presentation, Tàrrega (AM speaker) / Birmingham Weekender / Derby Festé / Dance Umbrella / Fool's |
| Paradise Showcase, Salisbury (AM speaker) / Feast of Fire, Milton Keynes / Lightpool at Blackpool Illuminations / Empire Soldiers, |
| metro-boulet-dodo, Leicester / BAFA Student Conference (AM Speaker) / Brilliant Vauxhall Festival / London International Mime Festival / Lumiere |
| London / EEA: Making Space Launch / Creative Industries Federation Anniversary Event (AM with Michelle Walker) / Extraordinary Bodies |
| showing, National Theatre Studio (AM chaired feedback session) / Global Groves Future Leaders Programme (AM speaker) / Arts Council England |
| Bullying and Harassment Roundtable (AM speaker) / Articulture Wales Outdoor Arts Gathering (AM speaker/facilitator) |
| Arts Council England and NPO |
| In January 2016, ISAN submitted a successful bid for 2018-2022 to remain one of Arts Council England's National Portfolio Organisations, a 93% |
| increase in funds amounting to a further £82,442 per year. The grant supports significant future planning, which includes areas such as staffing, |
| renewal of publications, the creation of a new brand identity, and expansion and solidifying our relationship with specific areas of Outdoor Arts such |
| as Carnival, Disability Arts, LGBTQ and Mela across a four year programme. |
| Information & Research |
| Through our digital platforms, ISAN continued to disseminate best practice, share knowledge and learning, and celebrate artistic excellence in the |
| sector. Whilst the website provides a range of downloadable guidance content, our Member Bulletins together with our expanded programme of |
| networking meetings and training opportunities have become our main tool communicating funding information, artistic commissions, tenders, sector |
| advocacy and debate. |
| The scope and quality of news items and opportunities sourced for our members is expanding and this ongoing quality and integrity has made it |
| successful and popular amongst ISAN's membership, and across the sector more widely. |
| Staffing |
| Angus MacKechnie continues as Executive Director, and has facilitated an expansion of the ISAN team to reflect the increasing number of events and |
| organisational growth. Natalie Scott moved on from the organisation in February 2018, and Catherine Packard moved into her role on a temporary |
| basis. Ellie Dragonetti and Reece McMahon worked for ISAN in the autumn on Communications and Conference delivery. The Circulate Consortium |
| Intern for this period was Laura Mason, working on the social media output. |
| Deb Mullins |
| Chair Board of Directors |
| Sept 2018 |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD |
| Daryl Beeton - Director (Treasurer) |
| Alan Richardson - Director |
| Ajay Chhabra - Director |
| Deb Mullins - Director (Chair) |
| Michelle Walker - Director |
| Jackie Elliman - Director |
| Deb Mullins |
| ……………………………………………………………………………… |
| Date |
| ……………………………………………………………………………… |
| Independent Street Arts Network (Registered number: 04316026) |
| Balance Sheet |
| 31 March 2018 |
| 31.3.18 | 31.3.17 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) |
| NET ASSETS |
| RESERVES |
| Operating reserve |
| Income and expenditure account | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which 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 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 company. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Independent Street Arts Network (Registered number: 04316026) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| Independent Street Arts Network is a private company, limited by guarantee and registered in England and Wales. The company's registered |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies |
| and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and |
| Republic of Ireland ("FRS 102") and the Companies Act 2006. The presentational and functional currency of these financial statements is |
| sterling. All amounts in the financial statements have been rounded to the nearest £1. |
| Going concern |
| The directors believe that notwithstanding current year losses of £16,681, the company's financial statements should be prepared on a going |
| concern basis on the grounds that current and future sources of funding will be adequate to meet the company's needs for a period of at least |
| 12 months from the date of approval of these financial statements. |
| Turnover |
| Revenue is recognised to the extent that it is probable economic benefits will flow to the company and the revenue can be reliably measured. |
| Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other |
| sales taxes. |
| Revenue from a contract to provide services is recognised in the period in which the services are provided. |
| Interest receivable and payable |
| Interest income and interest payable are recognised in profit or loss as they accrue, using the effective interest method. |
| Tangible fixed assets |
| Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes |
| expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the |
| manner intended by management. |
| Depreciation is charged to profit or loss over the estimated useful economic lives, as follows - |
| - Computer equipment - 25% reducing balance |
| - Fixtures and Fittings - 25% reducing balance |
| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an |
| indication of a significant change since the last reporting date. |
| Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. |
| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
| At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount |
| of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised |
| immediately as an expense within the profit or loss. |
| Basic financial instruments |
| Trade and other debtors / creditors |
| Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are |
| recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised |
| cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing |
| transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments |
| discounted at a market rate of interest for a similar debt instrument. |
| Impairment of financial assets |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of |
| impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss. |
| For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying |
| amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. |
| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount |
| and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. |
| Government grants |
| Grants are accounted for under the accruals model of accounting. Grants relating to expenditure on tangible fixed assets are credited to profit |
| or loss at the same rate as the depreciation on assets to which the grant relates. The deferred element of grants is included in creditors as |
| deferred income. Grants of a revenue nature are recognised in profit or loss in the same period as the related expenditure. |
| Independent Street Arts Network (Registered number: 04316026) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Current and deferred taxation |
| Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in profit or loss except to the extent that it relates |
| to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other |
| comprehensive income. |
| Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively |
| enacted at the balance sheet date. |
| Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different |
| from those in which they are recognised in the financial statements. Deferred tax is not recognised on permanent differences arising because |
| certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or |
| smaller than the corresponding income or expense. |
| Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or |
| substantively enacted at the balance sheet date. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the |
| reversal of deferred tax liabilities or other future taxable profits. |
| Pensions |
| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company |
| pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The |
| contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees. |
| Leases |
| Leases in which the company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. |
| All other leases are classified as operating leases. |
| Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a |
| straight-line basis over the term of the lease unless the payments to the lessor are structured to increase in line with expected general |
| inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised |
| in profit and loss over the term of the lease as an integral part of the total lease expense. |
| 3. | STAFF NUMBERS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2017 |
| and 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Independent Street Arts Network (Registered number: 04316026) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Accruals and deferred income |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | PROVISIONS FOR LIABILITIES |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Deferred tax | - | 153 |
| Deferred tax |
| £ |
| Balance at 1 April 2017 |
| Credit to Statement of Comprehensive Income during year | ( |
) |
| Balance at 31 March 2018 |
| 9. | PENSION COMMITMENTS |
| The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an |
| independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amount to |
| £1,486 (2017 - £1,533). Contributions totalling £237 (2017 - £221) were payable to the fund at the balance sheet date and are included in |
| creditors. |