IRIS Accounts Production v23.2.0.158 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5815052022-03-31SC5815052023-03-31SC5815052022-04-012023-03-31SC5815052021-03-31SC5815052021-04-012022-03-31SC5815052022-03-31SC581505ns22:CharitableCompanyLimitedByGuarantee2022-04-012023-03-31SC581505ns15:PoundSterling2022-04-012023-03-31SC581505ns11:FRS1022022-04-012023-03-31SC581505ns11:IndependentExaminationCharity2022-04-012023-03-31SC581505ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-31SC581505ns11:FullAccounts2022-04-012023-03-31SC581505ns11:CharitiesSORP2022-04-012023-03-31SC581505ns16:EnglandWales2022-04-012023-03-31SC581505ns11:RegisteredOffice2022-04-012023-03-31SC581505ns22:Trustee22022-04-012023-03-31SC581505ns22:Trustee32022-04-012023-03-31SC581505ns22:Trustee42022-04-012023-03-31SC581505ns22:Trustee12022-04-012023-03-31SC581505ns22:Trustee52022-04-012023-03-31SC581505ns22:Trustee62022-04-012023-03-31SC581505ns22:Trustee72022-04-012023-03-31SC581505ns22:Trustee82022-04-012023-03-31SC581505ns22:Trustee92022-04-012023-03-31SC581505ns11:CompanySecretary12022-04-012023-03-31SC581505ns22:Activity82022-04-012023-03-31SC581505ns22:TotalUnrestrictedFundsns22:Activity82022-04-012023-03-31SC581505ns22:Activity8ns22:TotalRestrictedIncomeFunds2022-04-012023-03-31SC581505ns22:Activity82021-04-012022-03-31SC581505ns22:Activity102022-04-012023-03-31SC581505ns22:Activity10ns22:TotalUnrestrictedFunds2022-04-012023-03-31SC581505ns22:Activity10ns22:TotalRestrictedIncomeFunds2022-04-012023-03-31SC581505ns22:Activity102021-04-012022-03-31SC581505ns22:TotalUnrestrictedFunds2022-04-012023-03-31SC581505ns22:TotalRestrictedIncomeFunds2022-04-012023-03-31SC581505ns22:Activity112022-04-012023-03-31SC581505ns22:Activity11ns22:TotalUnrestrictedFunds2022-04-012023-03-31SC581505ns22:Activity11ns22:TotalRestrictedIncomeFunds2022-04-012023-03-31SC581505ns22:Activity112021-04-012022-03-31SC581505ns22:TotalUnrestrictedFunds2022-03-31SC581505ns22:TotalRestrictedIncomeFunds2022-03-31SC581505ns22:TotalUnrestrictedFunds2023-03-31SC581505ns22:TotalRestrictedIncomeFunds2023-03-31SC581505ns6:WithinOneYear2023-03-31SC581505ns6:WithinOneYear2022-03-31SC581505ns6:FurnitureFittingsToolsEquipment2022-04-012023-03-31SC581505ns6:ComputerEquipment2022-04-012023-03-31SC58150522022-04-012023-03-31SC581505ns6:OwnedAssets2022-04-012023-03-31SC581505ns6:OwnedAssets2021-04-012022-03-31SC581505ns22:TotalUnrestrictedFundsns22:Activity82021-04-012022-03-31SC581505ns22:Activity8ns22:TotalRestrictedIncomeFunds2021-04-012022-03-31SC581505ns22:Activity10ns22:TotalUnrestrictedFunds2021-04-012022-03-31SC581505ns22:Activity10ns22:TotalRestrictedIncomeFunds2021-04-012022-03-31SC581505ns22:TotalUnrestrictedFunds2021-04-012022-03-31SC581505ns22:TotalRestrictedIncomeFunds2021-04-012022-03-31SC581505ns6:FurnitureFittings2022-03-31SC581505ns6:ComputerEquipment2022-03-31SC581505ns6:FurnitureFittings2022-04-012023-03-31SC581505ns6:FurnitureFittings2023-03-31SC581505ns6:ComputerEquipment2023-03-31SC581505ns6:FurnitureFittings2022-03-31SC581505ns6:ComputerEquipment2022-03-31
REGISTERED COMPANY NUMBER: SC581505 (Scotland)
REGISTERED CHARITY NUMBER: 049294














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

INDEPENDENT ARTS PROJECTS LTD

INDEPENDENT ARTS PROJECTS LTD

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Report of the Trustees 1 to 7

Independent Examiner's Report 8

Statement of Financial Activities 9

Balance Sheet 10 to 11

Notes to the Financial Statements 12 to 17

INDEPENDENT ARTS PROJECTS LTD (REGISTERED NUMBER: SC581505)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2023



The financial statements comply with the Charities and Trustees Investments (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES
Objectives and aims
As stated in the company's governing document, the company's objects are to advance the arts locally, nationally and internationally through production of live performance, arts projects, events and opportunities for the benefit of the public in partnership with artists, arts organisations, venues and funders.

Independent Arts Projects Ltd. (IAP) incorporated in 2017, began trading in April 2018 and became a registered charity in May 2019.

Based in Leith, IAP works with some of Scotland's most talented and innovative artists and theatre makers to develop, produce and tour a programme of productions, arts projects, artistic development events and opportunities for communities in Scotland and beyond.










INDEPENDENT ARTS PROJECTS LTD (REGISTERED NUMBER: SC581505)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2023


ACHIEVEMENT AND PERFORMANCE
Charitable activities
The programme for 2022-23 included projects that reached young people, families, schools, and adults across Scotland, and in some cases, England.

In 2022-23 Independent Arts Projects reached 3,791 people across the UK with a programme of 26 participative workshops, 142 1-to-1 sessions and 61 performances in community spaces, theatres, care settings, schools, homes, woods, beaches, and parks.

We continue to present a programme focussed on young people, families, and people with additional support needs. We workwith artists, performers, and other freelance practitioners from underrepresented groups. We employed or engaged 64 people in this year. We work with artists from various disciplines and backgrounds to explore identity, creative access, and sensory experience.

SENSORY COLLECTIVE
An Independent Arts Projects programme made possible by Culture Collective, funded by Scottish Government emergency Covid-19 funds through Creative Scotland.

Sensory Collective supports six artists and one producer to work independently and collectively to co-create sensory arts experiences with and for groups of people who experience multiple barriers to access creative experiences: Autists, people with Complex Needs and people living with Dementia.

Sensory Collective is made up of: Kirstin Georgia Abraham, Dr Sonia Allori, Max Alexander, Nina Doherty, Kirsty Biff Nicolson, Niroshini Thambar and Joanna Young. The team includes people who identify as neurodivergent and disabled, artists based in Edinburgh, Fife, Glasgow, and Highland areas and artists whose sensory arts practice is rooted in visual arts, music, and performance.

The project was initially funded for one year and has been extended to 21-months. Each project is artist led and offers scope for training and sharing practice with peers inside and out of the collective. The team are supported by additional freelance practitioners, providers of access support, artists, support staff, and specialists (fire-making, life-guarding, as well as creative practitioners).

Project work has been delivered in three ways:
- Working 1-to-1 with individuals (supported by carers or family members) in their own homes and gardens, woodlands and forests, beaches, in swimming pools and lakes (and on bouncy castles)
- Working with small groups of pupils in mainstream and ASN schools, Autistic people and people with Complex Needs
- Working in and with Day Centres who work with older people including people with Alzheimer's and Dementia

Projects include:
- Seated movement workshops with live music and singing for elders, including people with Dementia and Alzheimer's in Glasgow. Sessions are inspired by the seaside, memories of water, shells and clay. Participants commented: "It's done my body good", "the music is fantastic", while staff fed back, "it's good for everyone's wellbeing, especially mental health."
- Sensory workshops for families who have a young family member with Autism and complex needs in Fife and Lothian providing inspiration, support and respite through workshops and experiences inspired by the elements of water (wild swimming), wind (using fans & inflatable platforms), and fire (campfire stories). Families have said how important it is to feel welcome and valued in sessions: "It was something we could all do together, and we just felt like a 'normal' family."
- Play Sessions for Autistic individuals and small groups with participants aged 5-40+ in Strathclyde, Lothians, and central Scotland. Sessions have been delivered 1-to-1 or in small groups to inform the development and creation of a tourable play space that celebrates Autistic and Neurodivergent joy. The play space will have its first outings in summer 2023.

More at http://www.independentartsprojects.com/category/sensory-collective/


SOUND SYMPHONY by Ellie Griffiths [UK Tour & At Home]
A co-production between Oily Cart Theatre and Independent Arts Projects

INDEPENDENT ARTS PROJECTS LTD (REGISTERED NUMBER: SC581505)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2023


Supported by Arts Council England, BBC Children in Need, Creative Scotland, Esmée Fairbairn, Garfield Weston, Hugh Fraser Foundation, Radcliffe & Thistledown Trust.

Made for sound seekers, this show is a journey through music, sound and silence. Weaving together cello, singing and object noises, Sound Symphony is designed to create a sensory-rich environment, where the audience can feel the music through their whole body. This highly interactive performance aims to give audiences with complex autism access to high-quality theatre.

Performers: Sonia Allori, Daniel Gouly, George Panda, Greg Sinclair, Shiori Usui. Creative team: Ellie Griffiths, Greg Sinclair, Hannah Venet, Matt Padden, Colin Grenfell. Production team: Dave Bailey, Katy Steele, Gary Staerk. Producers: Alison Garratt & Zoe Lally.

This remount of the 2019 critically acclaimed and multi-award nominated production toured to eight locations across the UK: Glasgow, Edinburgh, Ipswich, Brixton in SW London, Canterbury, Coventry, Barnsley and Greenock in Inverclyde. While the "At Home" experience reached families across the country, including Fife, Stirling, Leicester & London.

Sound Symphony was presented 28 times across the UK towards low-capacity audiences of 211 autistic young people with complex needs and their families - a total of 433 attenders.

Press: "It was a joy to see the young people getting engaged and enjoying the performance and I would recommend this to anybody who is a parent or carer of such a young person." Suzanne Hawkes, British Theatre Guide

Audience comments: "We loved it and wanted to come again."I thought it was incredible. Every child engaged and participated in their own way. The children were encouraged to be themselves through the whole performance, it was very emotional at times. "(My son) really loved it…calling it a magic show…thanks so much to all involved"

Surveys were distributed at all live performances. 58 responses from the audience of 433. Average responses included: It was absorbing and held my attention 90%; It was well thought through and put together 92%; It was an interesting idea/programme 93%; It was an enjoyable shared experience 91%; &, I would recommend this experience to others 94%.

Sound Symphony "At Home" was delivered to 41 families across the UK, allowing these families who are unlikely to access a live artistic production, an opportunity to experience an interpretation of the work in their own homes and at their own pace. Each package included: a magical sensory box filled with sounds, textures and smells for families to unpack, play and create with together at home; a link to a musical sensory film to inspire creative activities. One family said about their package: "The quality of the sensory box was amazing. I'm going to develop more ideas from it."

Fifteen families were surveyed about their experience of the "At Home" experience and 100% stated that they would attend At Home events and experiences again: "My son is very anxious and struggles to get out to places. Because it was at home he could focus. It's ideal. He could properly engage."


MAYA AND THE WHALE by Hazel Darwin-Clements [Scotland Schools' Tour]
Produced by Independent Arts Projects (IAP) and presented as part of a Theatre in Schools' Scotland (TISS) tour of schools, supported by Imaginate and National Theatre of Scotland

Writer & Performer - Hazel Darwin-Clements
Live Musician - Nik Paget-Tomlinson
Director - Lewis Hetherington
Associate Director - Rosalind Sydney
Costume support - Katy Wilson

Maya and The Whale is the story of a young climate activist on the run, grappling for hope amid unfolding global disasters.

Maya finds herself face to face with a dying whale and is confronted with the enormity of the task ahead. Her dad works in the oil industry and her mum just wants her to enjoy a childhood free of worry, but how can she go about business as usual when there's a Climate Emergency?

INDEPENDENT ARTS PROJECTS LTD (REGISTERED NUMBER: SC581505)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2023



The audience plays the part of the dying whale in this darkly comic and provocative one-woman-show for a generation faced with unprecedented challenges.

Performers Hazel and Nik used only trains and bicycles borrowed from West Lothian Bike Library to tour Scotland. They presented 28 performances of Maya and the Whale to pupils from 34 schools across Scotland in February and March 2023. 2,608 young people and teaching staff engaged with the show.

More: http://www.independentartsprojects.com/maya-and-the-whale/

FINANCIAL REVIEW
Financial position
Income for the year was in the form of grants and earned income from presentations in UK and overseas.

The charity reserves are £159,323 of which £146,359 will be spent on projects within a year. The company will be working towards securing reserves to cover three months of operating costs.


INDEPENDENT ARTS PROJECTS LTD (REGISTERED NUMBER: SC581505)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2023


FUTURE PLANS
Development of educational resources and presentations in schools in Scotland:
SEX EDUCATION XPLORERS (S.E.X.) by Mamoru Iriguchi
Independent Arts Projects supported this development period in May & June 2022.

Performers - Mamoru Iriguchi, Afton Moran, Lou Brodie
Dramaturg & Engagement Artist - Lou Brodie
Outside Eye - Clare Duffy

This team were supported to present two performances in schools and work with young audiences at Tynecastle High School in Edinburgh, Ullapool High in Highland to create a Zine and post-show workshop inspired by the themes of the production in collaboration with 80 young people. 177 young people participated in two post-show Q&As and five zine-making workshops. One CPD (continuing professional development) event was held for teachers through the National Teachers Theatre Club.

The Zine is both a standalone artwork, packed with resources and lived experience, encouraging readers to start their own zine-making activities in addition to complementing the audience's experience of the show. The knowledge and expertise the S.E.X. team gained from the collaborative development of Zine & Workshop with young people will feed into curation the future presentations of this production. S.E.X. tours Scotland in 2023.


Research and development of a new production for future presentation:
SHO AND THE DEMONS OF THE DEEP by Zoë Bullock
An Independent Arts Projects production with development supported by National Theatre of Scotland through a Develop Artist Residency awarded to Zoë Bullock.

Performers - Lesley Lemon, Jade Ogugua, Christina Strachan
Writer - Zoë Bullock
Director - Shilpa T-Hyland
Designer - Claire Halleran
Movement Director - Mele Broomes
Design Assistant - Morven Mcleod

Sho's city has been plagued by nightmares for as long as she can remember, but hers are the worst of all. One day, Sho has had enough. She throws her nightmares away into the Clyde, where they wash out to sea. Soon people start copying her; the city is rid of its nightmares, and everyone is delighted. But sixty years later, when a deadly cost to this new method raises its head, Sho's granddaughter Hana must journey to the ocean to save their city. A visual-adventure story about overcoming fear, climate crisis, and how the actions of one generation can affect the next. Inspired by the picture book of the same name by Annouchka Gravel Galouchko.

This period focussed on development of the script and design for a new visual adventure show for intergenerational audiences aged 8 and over. As part of the script development, Zoë Bullock and facilitator Sarah Rose Graber delivered workshops for P5 and P6 classes at Annette Street Primary School and St Alberts' Primary School in Glasgow. This new work will premiere in 2024.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is a company limited by guarantee and a registered charity. It is governed by the terms of its Memorandum and Articles of Association.


INDEPENDENT ARTS PROJECTS LTD (REGISTERED NUMBER: SC581505)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The Directors of the charitable company are its Trustees for the purpose of charity law and are responsible for governing the charity. The Board of Trustees meet quarterly to discuss the company's activities and governance. Additional meetings are arranged if required for fundraising, finance, recruitment or other matters as deemed necessary.

The Trustees who served during the year were:
Mrs F E Fraser
Mr L Mullin (appointed 7th December 2022)
Mrs H P Roberts
Ms V Rutherford-O'Leary
Mx R E Schwarz (appointed 15th March 2023)
Ms S A Shaarawi (appointed 1st June 2022)
Ms K S Stuart (resigned 1st June 2022)


The Charity can appoint up to 10 Trustees at any one time. In accordance with the Articles of Association all Trustees shall retire from office every year and are eligible for re-election.

Trustees are recruited for their understanding and support of the work of the company and the specialist skills and knowledge. The current trustees have skills in the areas of running a charitable company, arts management, financial management, production management and fundraising.

Trustees review the composition of the board in relation to skill, ability and background and consider potential new candidates for appointment at trustee meetings. New trustees may be elected by the board to membership and then appointed to the board or recruited by open application.

Staff are appointed by the Trustees to manage the day-to-day operations of the organisation. The staff have authority to delegate duties as required to other staff members and contractors to ensure the smooth running of the company.

Independent Arts Projects employs Mhari Robinson as Executive Producer, Nina Doherty as Sensory Producer. Kirstin Abraham, Dr Sonia Allori, Kirsty Nicolson, and Joanna Young are employed and Max Alexander and Niroshini Thambar are engaged as Sensory Artists.

The company is committed to ensuring it has all the necessary policies and procedures in place to ensure the effective running of the company and to safeguard all employees, contractors, audiences and participants.

Decision making
The Trustees review the principal risks and uncertainties faced by the company at each quarterly board meeting. The major risk of financial uncertainty is mitigated by budgeting and forecasting.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC581505 (Scotland)

Registered Charity number
049294

Registered office
78/10 McDonald Road
Edinburgh
EH7 4NT


INDEPENDENT ARTS PROJECTS LTD (REGISTERED NUMBER: SC581505)

REPORT OF THE TRUSTEES
For The Year Ended 31 March 2023


Trustees
Ms F E Fraser
Ms V Rutherford-O'Leary (resigned 15.5.23)
Ms K S Stuart (resigned 1.6.22)
Ms H RP Roberts
S A Shaarawi (appointed 1.6.22)
L Mullin (appointed 7.12.22)
Mx R E Schwartz (appointed 15.3.23)
Ms N A Lee-Walsh (appointed 15.5.23)
Ms M L Rolfe (appointed 15.5.23)

Company Secretary
Ms M Robinson

Independent Examiner
Kathleen Benham
Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 20 September 2023 and signed on its behalf by:





Ms H RP Roberts - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
INDEPENDENT ARTS PROJECTS LTD



I report on the accounts for the year ended 31 March 2023 set out on pages nine to seventeen.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Kathleen Benham
The Institute of Chartered Accountants of Scotland

Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

20 September 2023

INDEPENDENT ARTS PROJECTS LTD

STATEMENT OF FINANCIAL ACTIVITIES
For The Year Ended 31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities 51,145 175,457 226,602 328,623
Earned income 31 - 31 18,414

Other income 360 - 360 10,128
Total 51,536 175,457 226,993 357,165

EXPENDITURE ON
Raising funds 661 - 661 2,535

Charitable activities
Charitable activities 27,544 209,387 236,931 269,525
Administration 18,583 - 18,583 15,284
Total 46,788 209,387 256,175 287,344

NET INCOME/(EXPENDITURE) 4,748 (33,930 ) (29,182 ) 69,821


RECONCILIATION OF FUNDS
Total funds brought forward 8,216 180,289 188,505 118,684

TOTAL FUNDS CARRIED FORWARD 12,964 146,359 159,323 188,505

INDEPENDENT ARTS PROJECTS LTD (REGISTERED NUMBER: SC581505)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 6 1,742 3,853

CURRENT ASSETS
Debtors 7 68 10,183
Cash in hand 161,368 178,527
161,436 188,710

CREDITORS
Amounts falling due within one year 8 (3,855 ) (4,058 )

NET CURRENT ASSETS 157,581 184,652

TOTAL ASSETS LESS CURRENT
LIABILITIES

159,323

188,505

NET ASSETS 159,323 188,505
FUNDS 10
Unrestricted funds 12,964 8,216
Restricted funds 146,359 180,289
TOTAL FUNDS 159,323 188,505

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.


INDEPENDENT ARTS PROJECTS LTD (REGISTERED NUMBER: SC581505)

BALANCE SHEET - continued
31 March 2023

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 20 September 2023 and were signed on its behalf by:





H RP Roberts - Trustee

INDEPENDENT ARTS PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


INDEPENDENT ARTS PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Depreciation - owned assets 2,216 2,565

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


4. STAFF COSTS
31.3.23 31.3.22
£    £   
Wages and salaries 115,193 30,136
Social security costs 3,986 -
Other pension costs 2,333 576
121,512 30,712

The average monthly number of employees during the year was as follows:

31.3.23 31.3.22
Administration 1 1
Artists 5 4
6 5

No employees received emoluments in excess of £60,000.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities - 328,623 328,623
Earned income 18,414 - 18,414

Other income 10,128 - 10,128
Total 28,542 328,623 357,165

EXPENDITURE ON
Raising funds 2,535 - 2,535


INDEPENDENT ARTS PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   
Charitable activities
Charitable activities 7,803 261,722 269,525
Administration 15,284 - 15,284
Total 25,622 261,722 287,344

NET INCOME 2,920 66,901 69,821


RECONCILIATION OF FUNDS
Total funds brought forward 5,296 113,388 118,684

TOTAL FUNDS CARRIED FORWARD 8,216 180,289 188,505

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 875 7,203 8,078
Additions 35 70 105
At 31 March 2023 910 7,273 8,183
DEPRECIATION
At 1 April 2022 592 3,633 4,225
Charge for year 181 2,035 2,216
At 31 March 2023 773 5,668 6,441
NET BOOK VALUE
At 31 March 2023 137 1,605 1,742
At 31 March 2022 283 3,570 3,853


INDEPENDENT ARTS PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 68 10,183

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Social security and other taxes 2,149 421
Other creditors 1,706 3,637
3,855 4,058

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
£    £    £    £   
Fixed assets 1,742 - 1,742 3,853
Current assets 15,077 146,359 161,436 188,710
Current liabilities (3,855 ) - (3,855 ) (4,058 )
12,964 146,359 159,323 188,505

10. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 8,216 4,748 12,964

Restricted funds
Restricted 180,289 (33,930 ) 146,359

TOTAL FUNDS 188,505 (29,182 ) 159,323

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 51,536 (46,788 ) 4,748

Restricted funds
Restricted 175,457 (209,387 ) (33,930 )

TOTAL FUNDS 226,993 (256,175 ) (29,182 )


INDEPENDENT ARTS PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 5,296 2,920 8,216

Restricted funds
Restricted 113,388 66,901 180,289

TOTAL FUNDS 118,684 69,821 188,505

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 28,542 (25,622 ) 2,920

Restricted funds
Restricted 328,623 (261,722 ) 66,901

TOTAL FUNDS 357,165 (287,344 ) 69,821

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

Net
movement At
At 1.4.21 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 5,296 7,668 12,964

Restricted funds
Restricted 113,388 32,971 146,359

TOTAL FUNDS 118,684 40,639 159,323

INDEPENDENT ARTS PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


10. MOVEMENT IN FUNDS - continued

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 80,078 (72,410 ) 7,668

Restricted funds
Restricted 504,080 (471,109 ) 32,971

TOTAL FUNDS 584,158 (543,519 ) 40,639

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.