COMPANY REGISTRATION NUMBER: 05910607 CHARITY REGISTRATION NUMBER: 1116214 Multistory Company Limited by Guarantee Financial Statements 31 March 2024 MURAS BAKER JONES LIMITED Chartered accountants& statutory auditor Regent House Bath Avenue Wolverhampton West Midlands WV14EG Multistory Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members 15 Statement of financial activities (including income and expenditure account) 19 Statement of financial position Statement of cash flows 20 21 Notes to the financial statements 22 Multistory Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (c¢)ntinuedJ Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024. Reference and adminlstrative details Registered charity name Multistory Charity registratlon number 1116214 Company reglstratlon number 05910607 Principal office and reglstered 1st Floor office Town Hall Lodge Road West Bromwich West Midlands B70 8DY The trustees L Kilbride S Newman R Sandhu R Short T Spurgin P SLJtton C Wells B Beghal E Cook Company secretary Caron Wright Auditor Muras Baker Jones Limited Chartered accountants & statutory auditor Regent House Bath Avenue Wolverhampton West Midlands WV14EG Bankers Coryoperative Bank TSB Bank Lloyds Bank West Bromwich Building Society Multistory Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Multistory is a community arts organisation,. our approach to community art is focused on inclusivity and relevance and we make creative projects with and by local people. Doing this means that both the process and outcomes of the projects speak to the backgrounds and interests of the people taking part and to the people in Sandwell as audiences for the exhibitions, publications and events we produce. We have been based in the borough of Sandwell since 2006 and the people and place shape our work. We build meaningful connections between local communities and artists to produce crealive projects that tell stories of everyday life. We believe in the power of art to reflecl the times we live in and tell stories lo bring people together. The projects are created between community groups and artists so they can be produced to the highest creative standard and presented publicly to the wider communiiy. We actively listen to the views and ideas of communities in Sandwell, project partners and the artistslcrealives we work with as part of the process, to build meaningful relationships, outcomes and impact. We work with a wide fange of communities. creatives and partners to reimagine the local area, platform under-represented voices and inspire creativity and social change. Our programme of participatory arts projects, workshops, talks and events takes place in libraries, community centres and indoor and outdoor public spaces. The stories told through our projects have a local resonance but are also seen by audiences far beyond. both in national exhibitions and through our digital programme. We support artists through our development programme, Blast Creative Network, which hosts collaborative projects, residencies and skills development opportunities. Multlstory's Mission To produce high quality community art with and by the people of Sandwell that encourages their creativity and participation in community and civic life and to bring about positive local change. Multlstory's Commitment to Equality, Diversity and Inclusion We are committed to increasing access to, and participation in, th8 arts for all of the culturally diverse communities of Sandwell. This includes residents, groups and organisalions who are participants in our projects,. the creatives we employ and nurture, and the partners we collaborate with. We do this because we believe that art is a vehicle for social change. Mullislory has signed up for the More Than a Moment Pledge the Wesl Midlands Arts sectorfs response- and its promise- to take radical, bold and immediate action to dismantle the systems that have for too long kept Black artists, creatives and employees from achieving their potential in the arts and cultural industries. We have updated our Equality, Diversity and Inclusion Action Plan., undertaken staff and Board unconscious bias and anti-racism training,. and reviewed our recruitment and selection processes. We will continue this work, and attending quarterly learning meetings, as part of our commitment to the pledge. We commit to creating an environment where everyone feels safe within our workplace, and across our programmes, and we will continue to push the organisation and to challenge ourselves. Multistory's Aims To listen to the needs and interests of communities through access to and participation in creative and cultural projects and to represent their creativity, cultures and lives. Multistory Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 To work collaboratively and creatively through place-based partnerships with the voluntary and community sector and Sandwell Council, including neighbourhood partnerships, place-making programmes and Sandwell museums and libraries. To build skills, confidence and capacity in the creative and cultural sector in Sandwell and the Black Country through ongoing professional development of under-represented creatives and grow employment opportunities. Multlstory's Objectlves People Heritage and Place I to increase opportuniiies for people in Sandwell to collaborate with creatives and partners on projects about heritage and place to improve their neighbourhoods. Environment and Urban Greening I to promote, educate and influence understanding about the environment and lo increase opportunities for people in Sandwell to collaborate with creatives and partners and improve the environmental quality of their neighbourhoods. Developing Practice I to support and increase creatives, development and employment,. evaluate our projects and practice to learn and develop and share results. Sustaining our financial and resilience strategy that rests on three pillars.. a strategic approach to partnerships and place-focused alliances., a flexible business model,. and investment in the skills our staff, delivery teams and board. Multlstory's Values Creativity- to encourage participation and expression., Collaboration- with communities, creatives and partners., Accessibility- to make art and creativity accessible to communities that might not have access to it., to make our recruitment and commissioning process transparent and open., Inclusivity - of diverse communities, perspectives. stories, at all levels of the organisation and its work,. and Sustainability - social, environmental, economic. Multlstory's Charltable Objects To promote education in music, drama, media, multimedia, the creative visual arts and to promote the appreciation of the arts and creative media amongst members of the community. To provide facilities in the interests of social welfare for recreation and other leisure-time occupation with the object of improving the conditions of life for the people for whom such facilities are primarily intended. To promote and preserve the health of the general public through music, drama, media, multimedia and the creative visual arts. How Multistory's activities deliver publ1¢ benefit Public benefit is enshrined in Multistory's mission, impact and benefits. We carry out substantial activities to achieve our mission statement and to deliver public benefit. Our arts programme is primarily designed to meet the needs of local people. We create opportunities for people to get involved with the arts closer to where they live, enabling first time and repeat engagement with local cultural activity. Multistory Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report> (continue Year ended 31 March 2024 Multistory is based in one of the poorest parts of Britain: Sandwell is the 12th most deprived area out of 317 local authorities in England (The Indices of Multiple Deprivation IIMDI 2019). Census data shows that Sandwell people experience higher than average unemployment, ill health and disability and have lower educational attainment. Sandwell is ranked third lowest in Arts Council England's data on engagement in the arts. Sandwell is a multi-cultural and diverse borough where 42.70/0 are from Black, Asian, mixed or other ethnic group communities {18.3 % in England and Wales) and 141 common languages are spoken in Sandwell schools. We produce projects that reach people who face class and socioéconomic barriers to arts engagement across the diverse communities across Sandwell and the Black Country and we do not charge for people to take part in our projects or to attend our activities, events, exhibitions. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives of the charitable company and in planning any future activities. In particular, we have considered how planned activities will contribule to the aims and objectives set. This is demonstrated through our charitable purposes in the advancement of education; the advancement of arts, culture and heritage., and the advancement of citizenship and community development. Our Arts Programme is designed to meet the needs of local people,. to introduce artisls to new contexts to work with communities,. and to offer a skills development programme for local artisls and creatives to increase their opportunities for employment and networking. We are able to offer our partner organisations innovative, participatory arts programmes that engage with people from the six towns of Sandwell as well as in the Black Country. We are able to meet the needs of local people by providing them with new opportunities for involvement, self*xpression and personal development. During 2023124, we employed 48 creatives to collaborate with us on community projects and we worked wsth a total of 4,159 people, as project participanls l attendees l audience members in our activities and events, of which, there were 131 over the year, across the arts programme. All our projects follow the two key principles of public benefit in that {1) there is an identifiable benefit or benefits,. and (2) the benefit goes to the public, or section of the public. Multistory does not charge a fee to any individualls) or group{s} taking part in, and benefitting from, our projects and there are no unreasonable restrictions on anyone taking part. Revenue funders, strateglc prlorltles Our relationships with ACE and Sandwell MBC are fundamental to our success and we make every effort to contirsue to show both organisations thal our work is aligned wilh their objedives and that Multistory not only helps them meet their objectives but does so in a unique way. We help the Borough attain many of its community development aspirations and show, locally and nationally, that Sandwell is a creative and exciting place to be. We continue to complement and contribute to the vision of both ACE and SMBC and our priorities are balanced against these to reflect our desire to take continued artistic risks so that the creativity of each of us is valued and given the chance to flourish, and where every one of us has access to a remarkable range of high-quality cuttural experiences, ('Let's Create,. ACE Vision 2030). We have commitment and passion to enable communities, individuals and groups lo participate in the arts as a means to raise aspirations and contribute to a better life so that 'Sandwell is a thriving, optimistic and resilient community . (SMBC'S Vision 2030). Multistory Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Public Benefit - we have specific deliverables and targets included in our funding agreements with SMBC and ACE and our activities are monitored and evaluated against these. These activities provide free opportunities and identifiable benefits to all sectors of the communty, not unreasonably restricted, to take part in creative arts projects and to celebrate culture, people and places. Multistory's Arts Programme Mullistory opens up new opportunities for creative imagination and expression and for people to enjoy and take part in the arts, free of charge. The work we produce encourages people to find oul about themselves, the people around us and the communities that we live in. We understand our responsibility for creating the conditions on-the-ground for further equality in the arts in order lo lead to a greater diversity of artistic expression and conneclivity with a wider audience for the work. We will continue to focus on projects that reach people who face class and socio- economic barriers to arts engagement across the diverse communities in Sandwell and access is always free. We will continue to create opportunities for people to get involved with the arts closer to where they live. enabling first time and repeal engagement with local cultural activity. All of Multistory's projects are inclusive and relevant to communities in Sandwell,. they reflect everyday life and tell local people, stories. We invite creatives al all stages of Iheir career to work with us in Sandwell. Some are internationally recognised-, some have a growing reputation,. and others are local, emerging artists that we are supporting at different stages in their careers. The arts programme draws on the particular qualities and strengths of all the artists we work with, in relation to the needs of a particular community or idea. We ar8 Wednesbury (High Street Heritage Action Zon8 CulÈur81 Pmgramme) / Oclober 2021 to March 2024.. Wednesbury was one of 69 towns included in Historic England's National High Slreet Heritage Action Zones {HSHAZI, a nationwide initiative designed to secure lasting improvements to our historic high streets for the communities who use them. Sandwell Council worked in partnership with Historic England to deliver the Wednesbury HSHAZ and it consists of three components: physical works to buildings., public realm improvements., and a Cultural Programme that enables communities and groups local to Wednesbury greater engagement in. and knowledge about, the heritage of the town. Multistory was the lead on the delivery of the We Are Wednesbury Cultural Programme that invited communities to participate in, and to support the delivery of, cultural aclivilies to help make the high street a more attractive, engaging and vibrant place for residents to live, work and spend time. The aim of We Are Wednesbury is to enable local people to express the pride they feel for their town; to celebrate the role and importance of the high street as a hub of the community., and enable people to understand the history of their town and share their memories and stories. Multistory established a consortium of local organisations. creatives, heritage and community groups to co-produce the We Are Wednesbury programme of cultural activities and events to celebrate the local character and heritage of Wednesbury Market Place and the high street, making the high street a key place to experience and participate in culture. The consortium will continue to operate as a legacy of the Cultural Programme. Green Roots Wesl Bromwich / October 2022 fo March 2025.. this cU￿ural programme is part of the wider West Bromwich Urban Greening Scheme that Sandwell Council is delivering through their West Bromwich Town Improvement Plan (TIP}. Green Roots has been designed to promote, educate and influence understanding about the environment and increase opportunities for local people through a programme of co-produced community and artist-led activities and training and development. The Green Roots West Bromwich programme places an emphasis on providing opportunities to share Multistory Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 knowledge on the natural capacity of West Bromwich, whilst developing creative, digital and growing skills. In collaboration with partners.. The Wildlife Trust, Sandwell Council, Sandwell College, New Square shopping centre and local creatives, Green Roots comprises community mapping and surveying walks. wildflower planting,. a bespoke training programme for six young students,. alongside creative workshops that use illustration, photography and filmmaking., and a digital community map as a vehicle to bring together art and ecology. This programme is part of our longer-term environmental strategy and will be a main theme in our business planning to offer opportunities for under-represented communities to engage wtlh, and find out how they feel about, their local environment. We believe art and creativity can contribute to addressing social and environmenlal issues and can bring about positive social change. Green Roots Tipton I September 2023 to September 2025.. this is a pilot project, funded by the Energy Saving TN5t, comprising a free public programme of engagement, workshops and activities. The programme seeks to engage young people in discussion around what Changes need to happen to make Tipton's communities and green spaces more climate resilient, community-led and sustainably managed. Through hands-on exploration and the joy of shared learning, the programme will use food, planting, wild gardening and craft as a tool for young people. Through these, participants can critically and creatively engage with the challenges of climate change, and contribute to building new structures and companionship dedicated to care and positive action. We are inviting Tipton communities to not only gain a deeper understanding of climate resilience but also develop a sense of unity and shared responsibility, laying the groundwork for sustainable and community-driven practices. Green Roots Wednesbury / April 2023 to November 2024.. Green Roots in Wednesbury is funded by the Government's Know Your Neighbourhood Fund (through Historic England) and stems from a long- temi collaboration with the We Are Wednesbury Cultural Consortium.. a group that was setup to enable local people in Wednesbury to express the pride they feel for their town., to celebrate the role and importance of the high street as a hub of the community,. and enable people to understand the history of their town and share their memories and stories. Placing urban greening and creating an awareness of our immediate natural environment at the centre, this programme encourages and enables people living in Wednesbury to get involved in creative workshops and activities to develop ways to re￿reen the area., from workshops around learning rangoli craft and lantern-making, to providing space for independent retailers and restaurants to plant and grow seasonal vegetables and flowers outside their shops. Bl8StI CreatlV8 Notwork (BCN) / fro8 annual programm6.' established by Multistory as a response to a need that we identified for more skills development opportunities for local emergerbt artists and creatives, the BCN offers a space for knowledge sharing and support., it Is funded through our ACE revenue grant. We organise, produce and deliver a rolling public programme of free talks, workshops, collaborative events Wlth partner I peer organisations and social events to offer advice, mentoring, peer support, networking opportunities and to generate discussions about community-engaged. contemporary arts practice. The programme is produced in collaboration with the members in order to ensure that it is supportive and tailored to their needs, and we invite art practitioners, curators and creative professionals to speak about a range of subjects designed to develop practice and skills. The network is made up of a diverse group of people based locally, at varying stages in their careers and we are committed to providing concrete opportunities for professional developmenl. This includes offering support for Sandwell artists through fundraising workshops and a series of 1-10-1 sessions wilh an experienced fundraiser to help artists to shape their applications and demystify the funding process. Multistory Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 We offer a residency programme for emerging l early career artists based in Sandwell and the wider Black Country, held in partnership with The Wolverhampton School of Art that culminates in a group exhibition. Three artists are also selected for the annual Assembly exhibition commission that is held in partnership with The New Art Gallery Walsall. We received funding from SCVO'S Vision 2030 Fund to make the programme fully accessible, through providing elements such as BSL interpretation, fundraising support for artists with access needs, childcare and transport to in-person events. OUTWORK / October 2022 to Septemb6r 2023.. we were awarded a grant from Historic England through their Everyday Heritage Grants-. Celebrating Working Class Histories for a participatory arts project that shares the stories of women workers of the K&J Print Works in Wesl Bromwich and the experiences of working women in Sandwell more widely. Originally founded in 1878 by John Arthur Kenrick and Frederick Thomas Jefferson, K&J remained open until the late 1990$ and is still a local landmark in West Bromwich. Stories of the women who worked at the print works between the 1950$ and 1990s were recorded and photographs and objects collected for a publication in both print and digital formals thal the women co-produced with the artist, Sophie Huckfield. to chart the history of working women's lives during this period. It examines links between liberalism and feminism and celebrates local women's contribution to factory work and the town's industrial heritage. Accompanying the book was an outdoor exhibition and a sound piece that incorporates the participants, inte￿iews. The exhibition opened on 21 September 2023, with a celebratory event and a sharing of the book and podcast. No Diggety / Apnl 23 to May 24- this project was funded by the Gaia Foundation through their We Feed The UK initiative a major arts project pairing critically acclaimed photographers and poets with regenerative famiers, urban growers, sustainable fishers and grain rebels- the UK'S custodians of land, soil, sea and seed. As part of We Feed The UK, The Gaia Foundation and Mullistory co- commissioned Ayesha Jones to produce a body of work around the subject of regenerative faming and smallholder farmets at the No Diggity Gardens in Walsall. Ayesha completed her commission in the latter part of 2023, and the pholographs were shown in a free, pop-up, outdoor exhibition at the No Diggety Gardens in May, 2024. Flnanclal Revlew The current financial climate continues to demand a prudent approach to financial management. Fixed costs are kept to a minimum and are reviewed on a monthly basis to make savings and re-forecast where appropriate. All budgets are forecast on a cash accounting basis. Project budgets are held by the project managers but final sign-off of any expenditure is controlled by the Company Manager. Financial infomiation is produced each month by the outsourced Financial Support Team who report to the Company Manager and it is formally reported to the Board at quarterly meetings. Financial information includes: Management accounts- actual figures against original and revised budget and a cash position- an annual cash-flow that is reviewed on a monthly basis., a Balance Sheet,. and a quarterly financial report. Multistory Company Lirnited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (eontinue Year ended 31 March 2024 When required, our unrestricted reserves are invested in a Producing Fund that supports our artistic ambitions,. it enables us to invest in developinglpiloting new projectslcommissions and to make new relationships with artistslcommunity groups. It has also been central to how we have developed major new programmes., it allows us to fund Ihe necessary planning and secure matching resources. We have carefully built and managed the Producing Fund through successful delivery of contracts since 2006. Any earned income that results in a surplus is reinvested into the Producing Fund to develop the arts programme. Princi al Fundin Sources in 202312024 The principal funds were revenue grants of £102,749 from Sandwell Metropolitan Borough Council {'SMBC')', £243,361 from Arts Council England {'ACE'I and contract income of £83,330 from Sandwell Council and Historic England (combined) for the Wednesbury High Street Action Zone Cultural Programme. men Aside from retaining a prudent amount in unrestricted reserves each year, the charitable company's investments and operating reserves are held in low risk, low interest earning bank and building society accounts in order to protect the revenue and project funding invested by our partners and funding bodies. Reserves Polic and Goin ncern The Reserves Policy is reviewed with regard to risks associated with operating the company in the current economic climate., the security of project funding,. and organisational commitments and forecasts. In order to be prudent and ensure a sensible provision for the operation of the charitable company, the policy continues to provide for between 3 months and 12 months of operaling costs in the event of a reduction in funding or programme activity. Currently we plan to carry nearer to six months to ensure liabilities of a minimum of six months of operating costs, including salaries. can be met from our unrestricted reserves. Forecast budgeted operating costs expenditure for 202312024 are £310,264 (including contingency) and therefore the Reserves Policy target is £155,132 in general funds. The present level of reserves available to the charity meets this target. Our year-end position is a positive £13,468 outcome providing us with unrestricted reserves of £305,554 at 31 March, 2024. Our balance sheet remains strong with net assets of £310,514. We are an Arts Council of England (ACE) National Portfolio Organisation (NPO> with confirmed funding for the period 1 April 2023 to 31 March 2026. Sandwell Council confirm their funding allocation on an annual basis and we have been successful in maintaining our local authority revenue funding when many arts organi5ations have not. We had Contract for services with Sandwell Council for £258,997 for the period October 2021 to 31 March 2024 for the Wednesbury High Street Heritage Action Zone Cultural Programme., and a contract for services with Sandwell Council for c.£95,000 for the period November 2022 to 31 March, 2025, for the West Bromwich Urban Greening Cultural Programme. We are in receipt of a grant of £50,668 from Historic England (Know Your Neighbourhood fund) for the period June 2023 to November 2024., and a grant of £40,000 from the Energy Saving Trust Foundation for the period September 2023 to September 2025. Multistory Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directorfs Report) (¢ontlnu6d) Year ended 31 March 2024 Structure, Governance and Management Governin Document Multistory is a company limited by guarantee (with no share capital) incorporated under the Companies Act on 18 August 2006 under registered number 5910607. Multistory is governed by its Memorandum and Articles of Association dated 18 August 2006 and is a registered charity number 1116214. The directors of the Company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. 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 must be re-elected at the next Annual General Meeting. We will continue to review and monitor legislation, regulations, guidelines and best practice in relalion to both company and charity law on an ongoing basis, as well as identrfy training needs for trustees. The 'Temis of Reference, document for trustees will be reviewed in line with this. Recrui ntandA ointment of Trustees Multistory regularly reviews the appropriate skills and experience to maintain a board that represents the culturally diverse environment in which we work, together with a broad range of skills and experience needed. The Board of Multistory is made up of the appointed Trustees plus one observer nominated by Sandwell Metropolitan Borough Council and one observer nominated by Arts Council England. The Trustees of the charitable company, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the period and up to the date of this report are set out below: Bhulla Beghal Eleanor Cook Rupinder Kaur Louise Kilbride Sadie Newman Richard Short Tom Spurgin Paul Sutton Colin Wells Manjeet Singh Gill (resigned September 20241 In accordance with the Memorandum and Articles of Association, Sadie Newman. Richard Short, Paul Sutton and Colin Wells retired by rotation at the Annual General Meeting held on 25 October 2023, and, being eligible, were all re-elected unanimously.. Sadie and Richard to a third term and Paul and Colin to a seventh term Our Board has a wide range of skills and experien￿ in the arts and cultural sector, Community development, education, information technology, organisational management and other disciplines. Multistory Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 All Trustees give of their time freely and no Trustee received remuneration in the year. Details of their expenses are disclosed in note 7 to the accounts. Trustee Induction and Trainin New Trustees receive Charity Commission guidelines and publications to brief them on their legal obligations under charity and company law,. a copy of the Memorandum and Articles of Association; Terms of Reference and Responsibilities for Trustees (produced internally} along with a Trustee Job Description; previous minutes of Trustee meetings, and the currenl operational plan and recent financial performance of the charitable company. They also meet with key staff and other Trustees. Board away days and training is provided as required. The 'Temis of Reference and Responsibilities for Trustees, foms the basis for the remit of the Board. This document is reviewed annually, in line with The Charity Governance Code and amended as and when necessary, to take account of the trustees, views and to make sure that duties are carried OLrt in line with statutory law, good practice and due diligence. The Board regularly review strategic priorities, the outcomes of which feed into the business planning process, and to maintain effective working relationships. The Board receive literalure and briefings to keep them up to date with their roles and responsibilities. Polic for Senior Staff includin other staff The senior management team comprise the key management personnel of the company in charge of directing and controlling, running and operating the company on a day-to￿aY basis. The pay of the senior staff is reviewed annually. as is all staff. Any cost of living increases are in accordance with NJC public sector pay awards. isk Mana emen For the financial year 2023124. the Trustees continued to implement a risk management strategy that comprises: a quarterly review of the principal risks and uncertainties that the company face., the establishment and implementation of pr¢xedures, systems and policies when required to mitigate those identified risks,. and the implementation of procedures that are designed to minimise or manage any potential impact on the company should those risks materialise. This work has identified that financial sustainability is a risk for the company. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank, and active management of trade debtors and Creditors balances to ensure sufficient working capital by the company. We also meet regularly with our principal funders. We recognise the need to diversify our fundraising base and, in addition to maintaining our relationships with our Core funders, a priority in 2024125 will be to continue to secure additional programme funds through partnership commissioning, national funding bodies and from charitable trusts and foundations, including the Esmée Fairbairn Foundation and the National Lottery Heritage Fund. We will approach organisations whose interests coincide with ours and the needs of the communities where we work. With external support, as necessary. we will take a proactive approach in making proposals to these potential sources. 10- Multistory Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continue Year ended 31 March 2024 anisational Structure The following people held senior management positions within the charitable company during the year.. Emma Chetcuti Caron Wright Director Company Manager The role of the Director is to assume delegated authority from the Board (within terms of delegation approved by the Board) to lead Multistory through the strategic decisions and actions required to maintain a sustainable future for the organisation. Specifically this requires the Director to.. develop and manage key strategic and funding partnerships., maintain a 'fil for purpose, organisation., create and deliver an innovative Arts Programme; develop and deliver a viable Business Plan- and manage risk. Members of the Management Team attend all Board meetings and any sub