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35,993 claims
Independent Arts' financial statements were prepared in accordance with FRS 102 and the Charities SORP.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities SORP '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).'
Financial · Procedural statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 14
Independent Arts' expenditure on charitable activities was £374,616 in the year ending July 2025.
Expenditure on: Charitable activities 6 130,580 244,036 374,616
Financial · Observational claim · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 12
Independent Arts' income from donations and legacies increased to £348,905 in the year ending July 2025.
Donations and legacies 3 99,065 249,840 348,905
Financial · Observational claim · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 12
Independent Arts' unrestricted funds total £76,459 as of July 2025.
Unrestricted funds £76,459 of which 3 months running costs are designated as emergency reserve £63,982 leaving £12,477 in general reserves.
Financial · Observational claim · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 9
Independent Arts' financial statements were prepared on a going concern basis.
Accordingly, the financial statements have been prepared on a going concern basis.
Financial · Procedural statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 9
Independent Arts has a strong commitment to safeguarding and all staff are DBS checked.
We have a strong commitment to safeguarding our clients and those engaged in our work. All staff are safeguarding trained, and all staff, practitioners, trustees and volunteers are DBS checked.
Operational · Stakeholder position · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 10
Independent Arts has a comprehensive risk register reviewed quarterly by the trustees.
Trustees operate a comprehensive risk register which is reviewed quarterly, to consider the risks and mitigating actions that may affect both the day to day and long term running of the charity.
Governance · Procedural statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 10
Independent Arts has a robust financial management system and strong relationships with funders.
Despite a challenging economic climate, Independent Arts continues to demonstrate strong relationships with funders and community partners, a diverse programme portfolio, and robust financial management practices.
Operational · Stakeholder position · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 9
Independent Arts has a surplus of £64,608 and total funds of £130,636 as of July 2025.
Total Funds at 31/07/2025 are made up as follows: Restricted funds £54,177 Unrestricted funds £76,459
Financial · Observational claim · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 9
Independent Arts has a reserves policy that maintains three months of anticipated expenditure as emergency reserve.
The unrestricted funds not committed or invested in tangible fixed assets held by the charity should be sufficient to manage the costs of notice periods, property liability and the continuation of keys roles for a short period where there is a challenge in securing funding. This amount is equivalent to three months anticipated expenditure.
Policy · Policy statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 9
Independent Arts had a surplus of £64,608 in the year ending July 2025.
The Charity had income of £439,224 (2024: £343,413) and expenditure of £374,616 (2024: £380,628 ) giving rise to a surplus of £64,608 (2024: £37,215 deficit).
Financial · Observational claim · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 9
Independent Arts aims to review and enhance its Fundraising Strategy due to the competitive landscape for grant funding.
At the same time, we are reviewing and enhancing our Fundraising Strategy to navigate the increasingly competitive landscape for grant funding, which continues to be, and will remain, our primary source of income
Financial · Policy statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 7
Independent Arts raised £4,000 through the Big Give Christmas Campaign and received a match of £4,000 from ShareGift.
Through our Big Give Christmas Campaign, we are delighted to share that we raised an incredible £4,000 in donations, which was then matched by the Big Give and our generous match funder, ShareGift. This brought the total to an amazing £8,000 to support our work.
Financial · Funding statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 8
Independent Arts received a donation of £1,500 from the Wight Strollers during their production of Sweet Charity.
We were presented with a very generous donation of £1,500. We are deeply grateful for this contribution, which will make a real difference to the work we do.
Financial · Funding statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 8
Independent Arts raised £10,000 through nightly raffles during the Wight Proms Festival.
This year, we were thrilled to run nightly raffles throughout the festival, raising an incredible £10,000 to support our work.
Financial · Funding statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 7
Independent Arts aims to strengthen its financial resilience by growing earned income and leveraging match funding for projects.
Our priority is to strengthen the charity’s financial resilience by growing our earned income. This will enable us to leverage match funding for projects that directly respond to identified needs and remain aligned with our charitable purpose.
Financial · Policy statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 7
Independent Arts delivered weekly singing for wellbeing sessions at six locations across the Isle of Wight, engaging around 180 older adults per week.
Delivered weekly singing for wellbeing sessions at six locations across the Isle of Wight, engaging around 180 older adults per week.
Service · Metric statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 5
Independent Arts engaged 18 young people aged 12+ in a year-long, youth-led creative programme.
Engaged 18 young people aged 12+ in a year -long, youth -led creative programme.
Service · Metric statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 5
Independent Arts delivered 1,850 creative workshops in care homes with over 16,500 attendances.
Facilitated over 1,850 creative workshops in care homes with more than 16,500 attendances.
Service · Metric statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 5
Independent Arts supported over 500 people weekly through its sessions in care homes.
Supported over 500 people weekly through our sessions in care homes.
Service · Metric statement · From Independent Arts — annual report and accounts, year ending 31 July 2025, page 4