COMPANY REGISTRATION NUMBER 05434735 FERMYNWOODS CONTEMPORARY ART LIMITED FINANCIAL STATEMENTS 31 MARCH 2024 Charlty Number 1122678
FERMYNWOODS CONTEMPORARY ART LIMITED FINANCIAL STATEMEKrs YEAR ENDED 31 MARCH 2024 CONTENTS PAGE Trustees Annual Report Independent examinerfs report to the members Statement of financial activities 17 19 Income and expenditure account 20 Balance sheet 21 Notes to the financial statemenls 22
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The trusiees, who are also directors for the purposes of company law, present their report and the unaudired financial statements of the chariiy for ihe year ¢nded 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Fem)ynwoods Contemporary Art LiMid Charity rewtration number 1122678 Conjpany registration number 05434735 Registered olCe Moniague House Chancery Lane Thrapslon Kettering Northants NN14 4LN THE TRUSTEES The trustees who served the company during the period were as follows: Barbara Dougan Chrisiine Renee Seanne Goodwin Graham Keddie Rhona Margaret Rowland Valeria Medici Joshua Allen Richard James Clinton (Chair) Mianam Yasmin Bashir Canvin Secretary Rhona Margaret Rowland Ai the date the report was signed, the trustees were as follow5: Barbara Dougan Christine Renee Jeanne Goodwin Graham Keddie Rhona Margaret Rowland Valeria Medici Joshua Allen Richard James Clinton (Chair) Mianam Yasmin Bashir Canvin
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT{lI1MMj YEAR ENDED 31 MARCH 2024 STRUCTURQ GOVERNANCE AND MANAGEMENr Nature of the Governing document and constitution of the Charity Fennynwoods Contempordry Art Limiied is a charitable company limited by guarantee. In the event of the organisation being wound up members are required io contyibu(e an amoun( noi exceeding £1. The company was estsblished under a Memorandum of Association. which esthblished the objectives and powers of the charitable company and is 8ovcrn¢d under its Articles of A55ocialion. The organtsational structure of the Charity and how decislons are made The Charity has a Board of Trnstees who have overall control and responsibility for policy and major decision making and all are Directors and trustees. Day io day rnana8ement and responsibiliiy for implementing policies is carried oui by the Director. There are a number of subcontractors and volunie¢rs in the organisation. The methods adopted for the reentment and appolnlment of new trustees All vacancies are advertised iniernally and externally through local organisations and by personal introductions from existing trustees. All potential truslees are invited to submit a CV. Upon agreement by the Board, new irustees are co-opted to the Board. The Chariiy appoints, removes or disqualifies direciors in accordance with 12.1.1 - 13.1.6 of its ¢onslitution. All new ¢trop(ed (rusiees are vrt¢d for and re¢ommend¢d by members at our Annual General Meeting. The pollcies and procedures adopted for the induction And training of trustees Prior to being elected. nominees are invited to a Management Commiliee meeting. as well as visiting the premises to meet trusiees and staff. Should they be appoinied. they are provided with all relevant inforniation for the Charity Commission and Companies House as well as infonnalion for the Charity itself regarding the contenl of work for a trustee. Following this, arrangements are made. on a continual b&sis. to attend any courses which are deemed advantageous to a truslee. The major rtsks to whlch the Charity Is exposed and revlews and SYSten to mltlgate rlsks After discussions at iheir meetings and in particular regular monitoring of ihe fund balances, income and expendilure. the tTUStees have iden¢ified ihe UK'S economic inslabiliiy as a risk thai coniinues to face the organisatlon in the short and medium tern). However, they arc working hard lo mitigate ihis risk by working in partnership with key local partners (such as Councils and Education Institutions) embed the organisation within (he loc community. The committee will continue to review all risks facing the Charity and has developed Ats Rtsk Management Policy as part of the Business Planning process. The new Policy includes: addressing the need to coniinue io diversify our income streams; improve our Insliluiional Markding and Succession Planning. Board Changes The Board of Trustees reports no changes in its composition during this period.
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (conllnued) YEAR ENDED 31 MARCH 2024 OBJECTIVES AND AcfiviTIES On 8 Mawh 2022, the Board passed a resolution to amend the objects of the Charily (io include ihc words in bold) as sel out in ils governing documeni as follows: The Charity's objects are: a) to promote, assist and improve the arts for ihe public benefit; and b) encourage and advance the educalion of the public through provtslon of educational activities relatlng to the arts and envlronment and, in particular but not exclusivcly, the visual arts and cllmate change. These revised objects bctter refleci the nature of our educational activities and the fact that in 2019 we joined other cultural organisaiions in declaring a Climate and Ecologlcal Emergency. The Charlty's alms Includlng the changes or dltyerences It seeks to make through Its activltles. We aim to improve the qualiiy of people's lives by providing high quality arts and arts-edueation experiences. In particular. we aim to break down barriers and reach non-traditional audiences and individuals who may be excluded from the arts, such as those on low incomes. those with disabilities. those from ethnic minority groups, older w)pl¢, and children and young people excluded or at risk of being excluded from education. A key company objeclive is (o grow and diversify our audience, and we use the aris cr1Ve1Y engage people from a wide range of communities (please see below). Given our rural location we design arts projects which link the rural and (he urban, and raise awareness of and explore the local environment in its widesl sense: the naiural environment: archaeology; heriiage: ecology; land management and uscs of the land. e.g. farniing, foresty. onservation, industrialisalion and posl-industriaj transformation; landscape interpretation. local people and cultures. To this end, we aIso continue lo maximise the benefits to (he public from working in partnership with our Deighbours: The Forestry Commission and The National Trust. Our programme attracts audiences from across the UK and abroad, in addilion to our core catchmenl area in Nonhamptonshire centred around the key iowns of Corby* Ke(ierin8 and Wellingborough. We coniinued to strengthen our posiiion as the key straiegic niral arts development agency in ihe area by Arts Council England Easi Midlands, East Northamptonshire Council and Northampionshire Counly Council. We also contsibute significantly (o the regional tourism offer and the rural economy. An explanation of the Charity's maln objectives for the year We continue to play a vital role in the visual art5 sector in the FAst Midlands, which is an acknowledged under-funded area for ihe arts, in particular Northamptonshire. and hence an area with few high quality art and arts<ducation activities. The main objeaives of the year were: To deliver an international standard Artistic Programme and Education Programme in public spaces across Northampionshire
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (confinued) YEAR ENDED 31 MARCH 2024 To engage with non-traditional arts audiences in rural and urban areL8 across Northamptonshire. to successfully "Infjltrate the Everyday" and "support life through art" To continue our Arlistic Programme for 2023124 To progress the process of securing a Sustainable future and a pern)anent new home for the organisation To identify new fundin8 streams and sponsors From April 2022 - March 2024, Fermynwoods Contemporary Art delivered the second phase of its two-year Xylophobia Programme. Named from the fear of wooden objects or forests, Xylophobia addresses issues of place and belonging. which go lo the heart of community feelings of exclusion from boih the art world and woodland spaces. Funded by Arts Council England. From March 2024 onwards, Fermynwoods Contemporary Art embarked on Love + Light. a new Ihematic programme funded by North&Mpnshlre Creative Climate Action Fund. Where there is little doubt that today's children will inherit a world with complex 50Gial-environmenta] challenges as a result of living with climak breakdown, art can play a role in shining a light on these issues whilst providing Spiritu nourishment, attending to and transforming emotions, creating hope, responsibility, care and solidarily Wlth one another and the planet. Love + Light will See a pro8ramme of light-based artistic interventions across Norlhampionshire addressing ihe climal¢ crisis by fostering awareness, inspiring ac(ion, and ¢ul¢ivatin8 a deeper connection with the Earih and ils inhabitants, promoting solace and the sense ihat we are part of something greater than ourselves. This theme will extend to Fermynwoods Contemporary Art's edu¢a(ion work and by cross-fertilisin8 programmes we will provide access to high quality art and artists for new audiences, reaching families and community groups Ihrough our work with young people in mainstream and non-mainstream schools. Acliviiy in this financial year included: PROGRAMME: XYLOPHOBIA XYLOPHOBIA: ONLINE Ama Dogbe and David John Scarborough• Spencer Graham. Zhengyang and Zhengzhou Huangp Felix Loftus, Greg Orrom Swan April 2023 - April 2024 Xylopliobia." Online was an exhibition of dig]llY based work taking ils name from the fear of wooden objects, forests. or wooded areas. Responding to the increased needs and fears of outdoor activities in Ihe wake of the Covid-19 pandemic, the featured work presenied explorative, experimental and conceptual spaces at this inierseciion, whilst inquisitive and mindful of the environmenial impact of crealin8 and presenting artworks using digital technology.
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (contlnued) YEAR ENDED 31 MARCH 2024 Imagined and digitised forests, physical wooden objects and speculative graphics processing units. forest inspired audio mixes and digitally feTmented film-based work. Visitors were invited to engage with the works and consider their own relalionship with the environment, both physically and virtually. All commissioned work used The Networked Condition carbon calculator tool to help plan, shape and evaluate the work, with the footprint of each published a]ongside the work Alongside visitors worldwide, Xylophobia.. Online was visiied by students from FouDdaiion year students from London Metropolitan University's School of Art, Architectute and Design as part of Iheir Crilical and Contextual Studies module. Further insighi was given lo Art and Design students at Tresham College through lectures and tutorials from F¢Tmynwoods Director James Steventon and HNCIHND Art Praclice Course txader Spencer Graham - a participating artist in the exhibition. WAYS OF KNOWING Yukio Fujimoto (Japan), Heywood & Condffie (UK), Knysztof Maniak oland), Poppy Nash (UK), Alyson Shotz (USA). and Sarah Taylor Silverwood (UK) And Counterpoint, a playlist of sound Work by Professor Chill (UK), Atillo Doreste (Canary Islands), Daniel Garda (UK), Yagl Lyota (Japan), Mattl Palonen (Canada). Russick Smith (USA), Tosca Teran (Canada), and Zimoun (Switzerland) Guest curated by Yasmin Canvin August 2023 - Ociober 2023 Ways of knowing was an in(ernaUonal exhibilion ai Brixworth Country Park, making connections between the environment and our physical bodies. Guesl curated by Yasmin Canvln, the participating artists employed sound, human-made and natural materials to create physica] and intellectual spaces around at the park grounds ihat explored how and where we as individuals fit in the natural world. As a result, these alternative spaces - liierally or within our imagination - made the world feel a little less alien. Accompanying the exhibition was Counlerpoinl a series of sound works crealed by artists and musicians engaging with and amplifying natural forces and elements. Headphones were installed in at Brixworth Country Park to create a listening circl¢, inviting visitors to focus on a single sense, and imagine ihe physical presence of the sonic landscape as its individual components weTe revealed through the aural textures of plants, wind. war and Wd. Ways of knowing featured on ITV Regional News (Anglla) (o an estimated broadcast aUdIee of I million people, in addition to favourable coverage on BBC Radio Northampton and the BBC News website for Northamptonshire. Friends of Brampton Valley Way & Brixworth Country Park engaged with artist Sarah Taylor Silverwood through a number of workshops to create a Risograph printed zine. vealIng resources hidden in the woods and leaving a lcgacy artefact from the exhibition. Year 7 pupils from Spratton Hall School took part irA an on site artist led workshop by photographer Andy EathorDe, fealuring a portable photographic darkroom. The exhibition was launched with a Curalors Wolking Tour led by Guest Curator Yasmin Canvin. Ferniynwoods Director Jame5 Steventon and aitended by members of the public.
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (eontlnuod) YEAR ENDED 31 MARCH 2024 The exhibition was visited by approximately 6,000 people over its duration. THE FERMYNWOODS PODCAST Maja Zeéo, Spencer Graham. A Ton of Worms, Tosco Teran, Saolrse Horne, Subterra, Sapphire Go&s, Astrld Bjorklund The Fennynwoods Coniemporary Art Podcas1 is an experimental space for the display and crealion of contemporary art which is fully accessible from people's homes. For our Xylophobia programme, episodes were guest curated by Subterra (Marle-chantal Hamrock and Astrid BJbrklund), inviting listeners to get losl in the unknown, lo take a stroll through rich woodlands. dark foresls and subterrestrial landscapes. Subterra navigate these eerie and unfamiliar spaces, exploring anisi talks, discussions, and original commissioned sound art, to complement our public facing programm¢. Following her 2022 Silencer perforniance in Corby woods, Maja Zeéo asked two very important que5tion5: "Who is lisiening?" and "Who is perfonning. , sharing audio recorded from her sensory impairmeni soundwalking suit. Audio from this episode was also presented at ISEA 2023 in Paris, the 28th Internalional Symposium on Electronic Art and a major evenl on the global electronic art scene. Spencer Graham discussed the specificiiy of music, tracklists and circular narratives alongside forest themed tracks to coincide wilh his Xylophobia.. Online mixes. A Ton of Worms presents a a rich and profound work exploring themes of time, space, nature and human conne¢iion tlwough the chthonic lens of an ancient yew tree. Tosca Teran expanded on her work included in our Ways of knowing exhibition, drawing from fungal mycelial communication research (o reveal the ethereal fun81 frequencies of lh¢ oyster mushroom. pleurotus ostr¢atus. Saolrse Horne combined ambient elements, folk song and field recording to paint a world rooted in messages of phaniasm and fabricalion for a new audio work, O, God of Weather. The final episode of the Xylophobia season presented a binaural radio play written by podcast guest curaiors, Subterra: Marle-chantal Hamrock and Astrld BJorklund. This se&8on of the podcast also featured specially commissioned videos by Sgpphlre Goss accompanying and in response lo each recorded episode. uiilising Spotify's podcasl video feature and also available on YouThbe and our social media channels. Alongside the series of commissioned sound works and discussions. Astrfd Bjorklund curated a series of playlists in response to each episode, Unearihing oiherworldly ambient Iracks, ih¢se playlisls aci as aLmospheric landmarks or chapter5, further deepening the lore surrounding the work of each artist featured on the podcast. 79% of our lisieners discovered the Fermynwoods Podcast in 2023. The podcasl was streamed in 18 different countries including Bosnia & Herzegovina. Kazakhstan, Ausiralia and USA. 4 episode videos fealured in Spotify's top 25% mosi viewed and our podcast rating remained al 5 stars. We created a 153% increase in podcast conteni this year.
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT(conth¥ued) YEAR ENDED 31 MARCH 2024 HYBRID WORKSHOPS Boon & Baum Ashley James Brown David Birchall Abbie Canning Hybrid Worknhops were a series of artist led activities utilising the lst of the online and offline worlds, connecting people with one another and with the natural world. Whal We Weave saw participants spend the day in Ferniyn Woods with Boon & Baum weaving digitised fabric 'screens' amongst the trees to explore the communication that occurs beiween trees via the my¢orrhiza] network and its connections technology and iextileslweaving. Through a live perforniance of weaving Boon & Baum Created a 'social fabric, between the ire¢s and the participants, hosting new connections and conversations. This Culminat in Brendan McDowell from Mycosia's fascinating online talk aboui fungi and the world of mushrix)ms, presented through green screen iechnology on a netwotk of fabric screens woven by workshop participants, fealuring an animation by Maria Quint&s. Sound artist David Birchall and Ferniynwoods Education Curator. Multi-d11P1llnary artist Abbie Canning, guided participants lo build interacuve audio circuits to sonically explor¢ Fernjyn Woods through Blueiooth headphones Itfote broadcasting live via internet radio. Digital artist Ashley James Brown invited paT(icipants to reflect on the future landscape of the forest working with participants io build hybrid sCulpreS containing analogue electtical components that produce thngible otherworldly vibrant electronic sounds. ALTERNATIVE PROVtSION (THE CEACADEMY) Abble Canningi Andy Eathorn4 Ashley James Brown, Babylon Ar Boon & Baum. Bruce Asbestos, Carol Jacobs, Dale Holmes Daniel Johnson, Daniela Labosova. Dave Elsom, David Birchall, Elaine Lim-Newton, Garry Smiler, Georgina Barney? Graham Fudger, Jack Halford, Jo Wheeler, Laura Cooper, Maya Chowdhry? Oscar Lewis Pale Blue Dot Collective, Phiona Richards Ruth LewisJones. Sam Rea Stuart Moore Our fourteenth year working in partnership with The CE Academy with Key Siage 3 students pernianently excluded from school. dual Rgistered, and school age mothers, continued wilh a wide rang¢ of artist led workshops at Sudborough Green Lodge in Ferniyn Woods. on location at Brixworth Country Park. and ai new outreach locaiions East Carlton Countryside Park and Stanwick Lakes. Session look place twicc per week across the remainder of ihe 2022-2023 academic year. with our fourteenth year beginning with the siart of the 202>2024 acad¢mi¢ year. Highlights included students working with intwdisciplinary artist Brnce Asbestos to challenge ideas around ihe commercial art world by coming up with incteasingly elabora* ideas on how to stretch a canvas io its limits. including auaching them to a car by ropes for them to be drngged along a foresi track. British visual artisl and filmmaker tAura Cooper is concerned with documenting interspecies relationships. questioning how filmmaking is both an act of cap¢ure and embrace. As part of the
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT {eonllnuadJ YEAR ENDED 31 MARCH 2024 Midlands4Cilies Doctoral Training Parlnership Laurd was arttsi in residence with Ferniynwoods Contemporary Art. working with students from The CE Academy to explore filmmaking techniques, thtnking about camouflage. movement. looking and other animal perspeciives. creating and filming camouflaged bodies. Students also woikcd with artists from ihe Bwcoat Collective who travelled from Babylon Arts in Cambridge to work with the young people to translate a series of experimentsl processes to forni designs on lole bags. Pale Blue Dot Collectlve artists Loulse Beer and John Hooper worked with studcnts to provoke discussion and consideration of climate change, exploring the I{al environment through sound. drawin8, microscopic pho(ography and collage. During this period students worked with over 30 artists across a wide range of diKiplines over 74 full day workshops including visits (o Brixworth Country ParK The Rooftop Arts Centre, and All Saints Church, Aldwlncle. [X] Key students achieved an Arts Award Discover qualifications, [X] achieved Arts Award Bronze qualificaiions, and x xhieved John Muir Awards for connecting wilh. enjoying and caring for wild places. ALTERNATIVE PROVISION (NORTHANTS HOSPITAL & OUTREACH EDUCATION) Abble Cannlng? Carol Jacob5, Stuart Moore Artists Abble Cannfing and Carol Jacobs continued our provision of artis( led workshops for young people who cannot attend mainsiream school due io a diagnoseAI complex medical andlor mental health condition. in partnership with NorthamptOAshlre Hospltal and Outreach Education (NHOE) to reach children who have been referred to ihem by the child's mainstream school and are supporied by a m¢dical practitioner. Workshops took place in NHOE'S Children and Mental Health Inpaiient Units. and NHOE'S Gatehouse Campus in Ke(tering. Students worked with Abble Cannlng to create thctile felted sculptures which pr¢xluc¢d digi] sounds upon touch, plus with Carol Jacobs (o ¢ale a series of glazed, ceramic plates. Our digital output with NHOE was showcased ai University of Northampton's Merged Fulures 5 annual innovalion event with a participatory prentatiOn by Fern)ynwoods Direclor James Steventon and Education Coordinator Stuart Moore. NHOE'S Leader of I%nIng Adam Drake, commenied, Tre commercial art world is all about money. but real art is about making people feel alive and you've made these children feel alive." DANCNG wmi DIGrrAL Stuart Moore and Darcy Kitchener SEN children from Grange Academy. Bedford worked alongside artist Stuart Moore and dancer, choreographer and eduutor Darcy Kitchener of Moving Together. The movement of pupils dancing was ptured digitally. developing new movement sequences improve confidence and self-expression in pupils. As long-terni memory can be an issue with these children a digital display was ¢ated as a l&sting l¢g¥y for the school foyer area.
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (eonlhiuedj YEAR ENDED 31 MARCH 2024 Supported by Harpur Tht and a Local Giving Magic Little GranL NOkYfHANTS CEP Liz Lake Children from Irthllngborough Nursery and Infant School worked with artist Liz Lake. After sharing her research into whelher regular sensory aciivities based on early yeaTS education could help FoundaLion Art and Design learners become more confident in their engagement with materials. Liz explored the reverse approach through a variety of drawing and mark-making exercises with pupils that culminaied in 3D paper reliefs. The fir51 session was based around music. with the pupils drawing to sound with diverse materials such as sand. chalk. paint, ink and charcoal, in a lively and fun session. In the seeond session t children looked at ihe DetrOi( artist Charles Mcgee, particularly his patterned relief sculpiures. The pupils then se( about ¢utling and t&2ring (heir pictures into strips that w¢r¢ then woven, weaved and twisted together onto coloured mount board. The results looked fantastic and the children and school were very happy with their oulcomes. These workshops re supported by Northants CEP. CRYPTOGRAPHIC MACHINES Stuart Moore Where N'S typically us¢ blockchain technology (o provide a public proof of ownership, at huge energy cost and cart)on fooiprin¢, artist and Education Coordinator Stuart Moore used the processing power of school maths classes (o process and validaie ihe proof of ownership of digital artworks. raiher than an environmentally and energy expensive algorithm, encouraging collective ownership as an alternative to hyper-capitalism. Children from lrthllngborou8h Nursery and Infant School, Newton Road School and Lodge Park Academy worked wilh Stuart to create and operate a series of cryptographic machines. such as an augmenled dial-up lelephone producing unique pa((erns from lights, only able to be replicated by their own personal codes. Sludents learned how encrypuon works, siar(ing with simple encryption devices generating 16 combinations, Ihrough to encryption devices generdlin8 over 32,000 differing combinations. The workshop developed an online da(abase of abstract assets thai sludents came up with (o 'own', with ideas such a5 'the love of Marie Antoine1. and 'the though( process of an ant, being just two! S(udents created NFfs (o Prove ownership of abs(tact ideas. helping them to grasp the ideas of auihenucation and ownership. Funded by the Margaret Giffen Community Fund. GRANGE ACADEMY Pale Blue Dot Collective During their residency with Ferniynwoods Contemporary Art, Pale Blue Dot Collectlve (artists Louise Beer and John Hooper) worked with SEN students from Grange Academy, Bedford worked
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (eonllnu6dJ YEAR ENDED 31 MARCH 2024 10 explore young people's thoughts on the environment and climate Change, resulting ID a site specific sound sculpiute for pennanent installation in the schools sensory garden. Students undertook a variety of slow Icrf)king and lisning aclivities including drawing, collage, photography and working with a variety of microphones and sound equipment. Siudenls particularly enjoyed lislening to nature and the sounds of the school SI using a paralK)lic microphone. LOVE + LIGHT l>ve + L4ghi is a new thematic programme of athivity beginning in March 2024. Where Ihere is little doubt that ioday's children will inherit a world with complex social4nvironmental challenges as a result of living with climate breakdown. art Can play a role in shining a lighi on these issues whilst providing spiritual nourishmenL attending to and transforniing emotions. creating hope. responsibility, care and solidarity wilh on¢ another and (he planet. Love + Lighi will see a programme of li8ht-based artistic in¢erv¢ntions across Northamptonshire addressing the climate crisis by fostering awareness. inspiring action. and cultivating a deeper onneclion wilh ihe Earth and its inhabiianls. promoiing solace and the sense that we are part of something 8rea¢eT (han ours¢lv¢s. This theme will extend to our UcatiOn WOTk and by cross-fertilising programmes we will provide access to high quality art and artists for new audiences, reaching families and community groups (hrough our work with young people in mainstream and non-mainstream schools. Part funded by Northamptonshlre Creallve Climate Actlon Fund. OF NMEASURABLE CONSEQUENCE Pale Blue Dot Colleetlve 24th March io 7th April 2024 The culminalion of their four monlhs residency with Ferniynwoods Coniemporary Art and the first activiiy from our new Love + Light programme. Of Immeasurable Consequence was an immersive photographic and sound based instsllation by Pale Blue Dot Collective installed in All Saints Church, Aldwincle. Arlists Louise Beer and John Hooper use installaiion, photography and sound to examine our place within ihe universe. framing the impaci of (he clirnate emergency through the eyes of evoluuon and Ihe immense time period it has taken for each fonn of life to arrive at this point. Funded by Northamptonshire Communlty Foundation's Northamptonshire Creative Climate Action Fund, (he work combined images, sound and light io transport the viewer to an imagined forest environment. Wilh the artists, inluest in the deep lime nature of our existence on the planet, Ihe installation ihai explored both the fragiliiy and the miraculous naiure of life on Earth. -10-
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (eontlntrnd) YEAR ENDED 31 MARCH 2024 Sound recordings from Fermyn Woods, made wi(h a varieiy of homemade and professional microphones. were combined with their own archive of field recordings collected from around the world. The final composiiion (ransported the audience to a foresi outside of our experience. Images taken under moonlight during their residency were installed in the central body of the church, juxtaposed with their own as¢ronomical irnagery, prompting us to consider our plac¢ in the wider cosmos. Of Immeasurable Consequence was launched with an interactsve telescope viewing session and lalk with astronomer Paul Fellows. Pupils from Trinlty C of E Prlmary School visited the instsllaiion for a workshop with Louise and John in the incredible selling of All Saints Church. Engaging in some deep listening to the accompanying soundscape. identifying where in ihe Milky Way they would like io visit and designing their own planets, prompted pupils io consider their relationship to the planet and think about life in and outside of the universe. Students from The CE Academy also visiied the installation. explorin8 ihe spxc in Virtual and actual realily, creaiing astral and earthly phenomena using VR headsets around the installaiion. Funded by Northamptonshlre Creatlve Cllmate Aellon Fund. CLIMATE A[ON TOOLK Chiara Dellerba, Abbfie Canning Children from Irthllngborough Nursery and Inf8nt School, Newton Road School, Northamptonshlre Haspital and Outreach Educatlon, Oundle CE Prlmary School and Stsnwlck Prlmary School look part in artis( led workshops explorin8 different aspects of climate Change. Working with Education Curator Abbie Cannlng, students produced stop motion animations that will be brought iogether in a film io support the launch of a Climale Change Toolkii la*r in the year that artist Chigra Dellerba will produce from artwork created by students from schools across Northamptonshire. From animaling veg to contribuiing to a film about food justice, designing their own climate super heroes to dethiling a¢tions that can be taken (o contribuie (o saving our planet, pupils were challenged to consider what actions they could take (o help reduce their impact on the environmeni. Many children latsr challenged their schools to roluce food waste, improve recycling and even go a day without electricity. Funded by Northamptonshire Creatlve Climate Action Fund. STRATEGIC & ORGANISATIONAL DEVELOPMENr After securing future programrne funding through Northamptonsbire Communlty Foundatlon's Northamptonshire Creative Climate Action Fund, to follow th¢ completion of our Arts Councll England funded Xylophobia programme. Ferniynwoods Contemporary Art appointed consultancy team. People Make It Work (PMIW). ¢0 help the organisation work towards securing a sustainable 11-
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT(contlnued) YEAR ENDED 31 MARCH 2024 futUTe ond a pem)anent new home, with the support of the significani philanthropic donation received towards the end of the previous financial year. PMIW assisted Fern)ynwoods in reviewing opportunilies and exploring different models for achieving our organisational ambiiions within the boundaries of North Northamptonshire, carrying out organisational and governance reviews to help scope and plan fulure 5tralegy. PMIW engaged with our leam. Board, partners and key stakeholders, facilitating consultations wilh our artists and our communities. PMIW co-authored a route map with the Ferniynwoods team and Board. io inforni our organisalional developmcnt ovcr the following two years. A key decision was taken lo vacate our long ierni outreach base, Sudborough Green Lodge, in March 2024. Delivery of our Aliernative Provision programme was transferred io new temporary bases at East Carlton Country Park and at Stanwick Lakes. We recrui*d Abble Cannlng io a new posi of Education Curator, to extend the capacity of the Director and to support our existing team in the delivery of our Aliernalive Provision programme with The CE Academy, whilst maintaining and strengthening our relationship with Northamptonshlre Hospltal & Outreach Educatlon. and es(ablishing and developing oiher workshops and partnerships wilh mainstream and non-mainstream schools. Following a successful probationary period this post was extend from 2 to 3 days per week. Garry Hines joined our team as Malernity Cover for our Education Coordinalor Jenny Johnson, whilst previous siudent placement from Unlverslty of Northampton's BA Childhood and Youih degree, Sam Lane. took up the FAJucation Coordinator support role until the end of 2023. From 2024 onwards this role was filled by artist Jack Halford. Our new BA Childhood and Youth placement for the reporting period was Loulsa May Mackenzle. Louisa worked with CE Academy students on our Alternative Provision programme. in addition to gaining experience in our schools workshop delivery across Northamptonshire. Ferniynwoods were recruited io Engage's pilot New Rouies programme, to enable organisalions across the UK to participate in a placemenc programme for young people 16-21 years, with a support package of trainin8, collaborative programming, and shared resources facilitated by Engage. The aim of ihe New Roules pilot is to draw on the expertise. experience, and insights from the collaborating partners to co-design a new model of training for organisaiions and young people followed by accessible and flexible paid placements. Engage will work with partner organisations to pilol a placement and vocational training model thal seeks (o address the lack of diversity wiihin ihe sector and develop pathways into cultural ¢ducation and employment in areas of low cultural engagement. The Board conlinued to define company strafrgy, guide operations, and support the Direclor to supervise financial management and guide staff in Ihe delivery of our creative and education programme. 12-
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (¢onllnu8dJ YEAR ENDED 31 MARCH 2024 FUNDRAISING Public Grants: During this period, we received the second payment of an Arts Councll England National Lottery Project Grani for Xylophobia, tolalling £39,8(M). Private Income (frusts & Founda¢ionslCorporate Sponsorship): We were awarded £24,607.50 from NorthamptoL8hlre Community Foundatlon's Northamptonshire Creative Climate Artion Fund for projects taking place in our Love + iAghi programme: We were awarded £1,755 from Harpur Trust and £500 Magic Llttle Grant from Localgivlng and Postcode Places Tnst for arts activity with SEN children at Grange Academy. We also received ihe support of St Crispin Lodge through a £3.(YM) donation from the Doug185 Compton James Charitable Trust. Our key service delivery of the annual Workshop programme for The CE Academy brought in a total of £55,298 during this financial year. The progratnme spanned the end of ihe 2022-2023 academic year and the beginning of the 2023-2024 academic year. We earned £3,51Y) from mainstream school fees, £145 from Hybrid Workshop tickel sales: £35 from the online shop sales and £1,434 from miscellaneous donations such as via Corby Lottery. Following a financial review. a proportion of previously received income (otalling £63,649 will be reclassified as unrestricied reserves to reflect ihe Trus(ees' commiunent to ensuiing greaier flexibilily in the allocation of funds, thereby strengthening our capaciiy to respond to emerging opportunilies and challenges. This decision underncoRs our dedication lo sustaining the long-ierni financial health of the organisation while conlinuing to support our mission to support life through art. The reallocation to unrestricted reserves will enable us to inv1 more effectively in our core costs, enhance our operational resilience, and pursue innovative projec(s that ali8n with our strategic obj¢¢tives. The Board remain Commiiied to maintaining transparency and accOunbIll¢Y in our financial practices, and this ffclassification is a testament to our proactive approach in managing the organisation's resources responsibly. We believe that this step will better position us to achieve our goals and serve our community wilh greater efficacy. For further detsils please refer to the financial statements section of this report. mARKG & PR Xylophobia." Online was promoled on Art Monthly's e-newslei(er and website to an e5tsmated 21,500 views. Ferrnynwds Contemporary Art and our Xylophobia programme were showcased in an article on Ihe Digital Northants website. Our Ways of knowing exhibition at Brlxworth Country Park featured on ITV Regional News (Anglla) to an estimated broadcast audience of I million people. In addition to favourable coverage on 13-
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (oontlnued) YEAR ENDED 31 MARCH 2024 BBC Radio Northampton (80.000 listeners) and the BBC News website for Northampton5hire. Positive covetage was also featured An the local Brixworth Bulletin (circa 2,OlJ) copies). Designed in partnership with LL)ndon based design agency Lowbridge, 3,500 copies of our annual printed brochures were distributed using an envelope free delivery system using biodegradable crystal discs made from a renewable source, printed with vegetable based inks on fully sustainable paper. A proportion of these were distributed via the Dlscover Northamptonshlre hub. The award of Northamptonshfire Creatlve Climate Action Fund funding was featured in Northampton Chronlcle & Echo. Pale Blue Dot Collective's Of Immeasurable Consequence also featured in Northampton Chronlcle & Echo, Nene Valley News {¢ir¢ulation 34,000) and was promoted on Churches Conservatlon Trust's What's On pages. Discover Northants also heavily promoted the installation on (heir What's On guide in addition to sharing images of the installation at their public facin8 Dlscover Northamptonshlre hub at Rushden Lakes. Our Instagram followers increased from 1,299 to 1,493 and our avera8e monthly Facebook pagc likes from 578 to 606 over the course of the reporung period. ACHIEVEMENTS AND PERFORMANCE Summary of main actlvltles of the Charity in relatlon to Its obJects Fermynwoods Contemporary Art delivered an exciting and ambitious programme of rich, multi-layered and inter-disciplinary arts experien¢¢s. We mixed urban and rurdl, local and international, high and low tech. in public and virtual spaces across Northamptonshire. We brought high quality artistic practice to non-traditional arts audiences through collaborations wilh key partners from within and outside the arts sector. Highlights of our audience and eD8agement figures: The launch of Xylophobia.. Online saw an immediate spike in website traffic with an 184.6% increase in visitors to our website, resulting in a total of 6,400 page views across the reporting period. Our Way5 of knowing exhibition was featured on ITV Regional News IAnglia) to an estimated broadcasi audience of I million people, in addition to favourable coverage on BBC Radio Northampton and the BBC News website for Northamptonshire. The exhibition at Barnwell Country Park was visited by approximately 6,000 people over its duration, with West Northants Council suggesting we had "successfully buoyed the region" attributing an increase in park visiiors to the exhibition. We crealed a 153% increas¢ in podcast content this year. with 79% of our listeners discovering Ihe Fermynwoods Podwt in 2023. The podcast was streamed in 18 different countries including Bosnia & Herzegovina, Kazakhstan. Australia and USA. 4 episode videos feaiured in Spotify's top 25 most viewed and our podcast rating remained at 5 stars. Over 400 people visited Pale Blue Dot Collective's Of Immeasurable Consequence installation in All Saints Church, Aldwlncle 14-
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT (contlnued) YEAR ENDED 31 MARCH 2024 We supported 113 young people (9 not attending mainstream education) to gain Arts Award qualifications ( l 01 Discovcr. 12 Bronze). plus 6 achieved John Muir Awards. We worked with 19 campuses, schools. Colleges, universities or hospital inpatient units, plus 2 community groups. 1,223 people (549 adults and 674 children and young people) took part in 106 workshops and participatory events, generating an addilional audience of 391 people. We worked with 66 artists, from 10 wuntries and 22 different ethnicities. FINANCIAL REVIEW Pollcles on reserves The Charity's funding is committed to expenditure within the scope of restricted funds. It is iherefore reliant on the success of fuluTe funding applications to enable it to continue its present activities. Avallablllty and adequacy of aets of each of the funds The Board of Trustees is satisfied that the charity's assets in each fund are available and adequatc to fulfil its obligations in respect of each fund. Transactions and Flnanclal posltlon The financial staiemenls are set out on page 19 onwards. The financilll statements have been prepared implementing FRS 102 Staiement of Recommended Practice "Accounting and Reporling by Charities" (FRS 102 SORP). As stated in the introduction to ihis report, the Trustees consider ihe financial perforniance by the chariiy during the year to have been satisfactory. The Statement of Financial Activities show net out8oin8 resources for the ye9J of a revenue nature of £17,317 (prior year: incoming resources £35,998). The total reserves at ihe year-end sland at £86,440 (prior year £103,757). Share Capltsl The company is limiied by guarante¢ and therefore has no share capital. RESPONSIBILITIES OF THE TRusfEES The Trustees (who are also the directors of Fennynwoods Contemporary Art Limited for the purposes of company law) are responsible for preparing the Trnstees, Annual Report and the financial staiements in accordance with applicable law and United Kingdom Accounting Standards (Uni(ed Kingdom Generally Accepied Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a trne and fair view of the state of affairs of the charitable company and of the incoming resource5 and 15-
FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES ANNUAL REPORT {conNnuadJ YEAR ENDED 31 MARCH 2024 application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statements. the Thistees are required io: select suitable accounling policie$ and then apply them consistently: - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounling Standards have been followed, subject to any material departures disclosed and explained in ihe financial stalements: - prepare the financial statements on (he going concern basis unless it is inappropriate lo presume that the charitable company will continue in opeTaiion. The Trusiees are responsible for keeping proper accounling records ihat disclose with reasonable accuracy at any lime the financial position of the chariLable company and enable them to ensure that the financial statements comply with the Companies Aci 2006. The Trustee5 are also responsible for Safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenlion and deteciion of fraud and oiher irregularities. INDEPENDENT EXAMINER Jon Essam has been re-appointed &8 independent examiner for the ensuing year. Signed on behalf of ihe trustees Richard Clinton Trusiee 5 December 2024 16-
FERMYNWOODS CONTEMPORARY ART LIMITED INDEpENDEr EXAMINER'S REPORT TO THE MEMBERS OF FERMYNWOODS CONTEMPORARY ART UMITED YEAR ENDED 31 MARCH 2024 I report on the financial statements of the charitable company on pages 19 10 26 for the year ended 31 March 2024 which have been prepared in accordancc with the Charities Act 2011 (the Acl) and with the Financial Reporting Standard (FRS 102 SORP). under the hislorical cost convention and the accounting policies set oul on page 22. RESPECTIVE RESPONSIBILITIES OFTRusfEKS AND INDEPENDENT EXAMINER The Trustees (who are also the directors of Ferniynw(x)ds Contemporary Art Limited for the purposes of company law) consider tha( the audi( requirement of Section 144(1) of the Charilies Act 2011 (the Act) does not apply. and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit. and that the accounl5 do not requAre an audit in accordance with Part 16 of the Companics A¢i 2006 and thai no member or memlxrs have reque5led an audit pursuant to section 476 of the Companies Act 21J)6. As a consequee. Ihe Trustees have elected that the financial siatements be subject lo independent examinalion. Having satisfied myself that the ¢lwity is noi subject to audit under company law and is eligible for independent examinatson, it is my responsibilily to: examine the accounts under section 145 of th¢ 2011 Act, to follow the procedures laid down in th Gener D1U0nS given by the Charity Commission under section 145(5){b) of the 2011 Aci: and to stale wheiher particular matlers have come my atkntion. BASIS OF INDEPENDENT EXAMINER'S STATEMENr My examination was caled oui in accordance with the General Direc(ions given by the Charity Commission. An examination includes a review of the accounung records kept by the charity and a Comparison of the accounts pr¢sented with those records. It also includes consideraiion of any unusuaI items or disclosures in the accounts. and seeking explanaiions from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence tha( would be required in an audit, and consequently I do nol express an audi( opinion on whether the accounts present a 'true and fair vi¢w'. XNDEPENDENT EXAMINER'S STATEMENT In connpxlion with my examinauon. no Mat has come to my attention: { l) which gives me reasonable cause io believe that in any material respect the Irusiees have not met the requirements to ensure that: proper a¢counling records aTe kept (in accordance with section 386 of the Companies Ac¢ 2006). and • accoun(s are prepared which agree with the accounting records, comply with the accounting requirements of section 396 of (he Companies Aci 211)6 and with the methods and principles of the Stalement of Recomrnended Prdctice: Accounting and Reporting by Charilies: or (2) to which, in my opinion, atiention should be drawn in order to enable a proper understanding of the accounts to Ix reached. 17-
FERMYNWOODS CONTEMPORARY ART LIMITED INDEPENDEwf EXAMINER'S REPORTTO THE MEMBERS OF FERMYNWOODS CONTEMPORARY ART LIMITED (contlnuadj YEAR ENDED 31 MARCH 2024 Signed as independenl examiner. Jon Essam Independent examiner Professional body: ICAEW 23 Coiungham Way Thrapston Northanls NN144PL 22 July 2024 18-
FERMYNWOODS CONTEMPORARY ART LIMITED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 Unrestricted Funds Restricted Total Funds Funds 2024 Toial Funds 2023 Note INCOMING RESOURCES Incoming resources from generating funds: Voluntary income Aclivities for generaling funds Investhient income Incoming resources from charitablc activities 140,508 I4008 151,707 77,709 77,709 37,722 1,614 1,614 7.655 TOTAL INCOMING RESOURCES 219,831 219,831 197,084 RESOURCES EXPENDED Costs of generating funds: Costs of generating voluntary income Charitable activilies Governance c05t5 (165,662) (70,166) (lJ20) (165,662) (70,166) (1,320) (103,343) (56,378) (1.365) 718 TOTAL RESOURCES EXPENDED 237,148 237,148 161,086 Before transfers b¢tween funds (17,317) (17,31T) 35,998 Transfcrs b¢lw¢¢n funds 63,649 (63,649) Nrr (OUTGOING)IINCOMING RESOUR FOR THE YEAR 10 63,649 (80,966) (17,317) 35,998 RECONCILIATION OF FUNDS Total funds brought forwg TOTAL FUNDS CARRIED FORWARD 888 102,869 103,757 67,759 64A37 21,903 86,440 103,757 The Statement of Financial Aciivities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activiues. Tho notes on pages 22 to 26 form part of Ihese flnanclal 8tatemenl& 19-
FERMYNWOODS CONTEMPORARY ART LIMITED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024 2024 2023 Nola INCOME TOTAL EXPENDITURE 219,831 197,084 (237,148) (161,086) (17a17) 35,998 OPERATING (DEFICIENCY)ISURPLUS 10 OTHER INCOME Interest receivable and similar income (DEFICIT)IRETAJNED SURPLUS FOR THE FINANCIAL YEAR (17J17) 35,998 The Income and Expenditure Account includes all gains and losses in the year and therefore a statement of total recognised gains and105ses has not been prepared. All of the above amounts relaie io continuing activities. Thg notss on pages 22 10 26 form part ol these flnanclal statements. -20-
FERMYNWOODS CONTEMPORARY ART LIMITED BALANCE SHEEr 31 MARCH 2024 2024 2023 Nolo FIXED ASSETS Tangible assets 12 723 903 CURRE ASSETS Debtors Cash at bank 13 1,437 549227 500,664 2384 628,360 630,944 CREDITORS: Amounts falling due withSn one year 14 (46<94TJ (528.090) NET CURRENT (LIABILITIESYASSETS 85,717 102,854 TOTAL ASSETS LLSS CURRE1 LIABILITILS 86,440 103,757 FUNDS Restricted income funds Unrestricted income funds 15 16 21,903 64,537 86,440 102,869 888 TOTAL FUNDS 103,757 The trustees are satisfied that the company is entsiled to exemption from the provisions of the Companies Act 2006 (Ihe Act) relalins (o ihe audit of the financial stalements for the year by virtue of se¢iion 477(2). and that no memlw or members have requested an audit pursuant to section 476(1) of the Act. The trusl¢¢s acknowledge their responsibiliti¢$ for: (i) ensuring that the company keeps adequate accounting records which comply wi¢h section 386 of the Act, and (li) preparing financial statements which give a Irue and fair vftew of the state of affairs of the company as at the end of the financia] year and of its surplus or deficit for the financial year in accordance with ihe requirements of section 393. and which otherwise comply wilh the requirements of the Act relating to financial statements. so far as applicable (o the company. These accounts have been prepared in accordance with the provisions applicable to companies subject to Lhc small companies. regime. These financial statements were approved by the members of th¢ commiliee on the 5 December 2024 and are signed on their behalf by: Richard Clinton Trustee Company Registration Nutnber: 05434735 The notes on pages 22 to 26 lomi part ol these flnanclal statements. -21-
FERMYNWOODS CONTEMPORARY ART LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Ilasls of accountlng The fjnancial stalements have been prepared under the historical cosi convention and in accordance with applicable United Kingdom accouniing standards, the FRS 102 Statement of Recommended Practice "Accounting and Reporting by Charities" (FRS 102 SORP) and the Companies Act 2006. Cash now statement The trustees have taken advantage of the exemption in Update Bulletin I from including a cash flow siatemenl in ihc financial statements on ihe grounds that (he company is Small. Fixed assets All fixed assets are initially recorded at cost. Depreclatlon Depreciation is calculated so as to write off ihe cosi of an asset, less its estimad residual value, over the useful economic life of that asset as follows: Equipment - 20 reducing balance VOLUNTARY INCOME Unrestrlcted Funds Restrlcted Total Funds Total Funds Funds 2024 2023 Grants recelvable and donatlons Arts Council England Northampionshire Community Foundation Green Energy The Dougla5 Compton James Charitable Trust Neighbourly S¢eds of Change Magic Little Grant Northants Creative Climate Aclion Fund Donations County Council Grants TMC- Creative Communilies Fund Harpur Trust Maud Elkington Charitable Trust Arnold Clark Community Fund Leslie Church Memorial Fund Big Give Anchor Match Fund 39,800 2,720 39,800 1720 88,915 9,953 5,000 3.000 3,000 200 500 500 10,586 75.650 soo lo86 75,650 952 28,579 6,048 2,500 1,755 2,500 I,755 1,000 4,975 357 Gifts In klnd, donated serylces 8nd facllltfes Solicitors pro bono work Office costs Helloprini charitable discount SGL cleaning Canva Social Media Graphic Design Plan Ariist accommodation Guest curation 1,000 2,500 77 320 100 1,000 2,500 77 320 100 1,000 13 1.000 100 890 1,725 140,508 140,S08 151,707 -22.
FERMYNWOODS CONTEMPORARY ART LIMITED NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31 MARCH 2024 INCOMING RLSOURCES FROM AIvrr FOR GENERATING FUNDS Restrlcted Total Funds Total Funds Funds 2024 2023 Fundraising activities 77,709 77,709 77.709 37,722 77.709 37,722 INVESTMENT INCOME Unr&stricted Total Funds Total Funds Funds 2024 2023 Bank interest receivable INCOMING RESOURCES FROM CHAIUTABLE AIVITIEs Restrlcted Total Funds Total Funds Funds 2024 2023 Rental of property for chariL2ble pu$¢$ 1.614 1.614 7.655 COSTS OF GEIYERATING VOLUNTARY INCOME Restricted Total Funds Total Funds Funds 2024 2023 Fundraising activities 165,662 165.662 103.343 cosrs OF CHARITABLE AIVITIEs BY FUIYD TYPE Restricted Total Funds Total Funds Funds 2024 2023 Support costs 70.166 70.166 56,378 COSTS OF CHARITABLE A1V1TIFs BY ACTIVITY TYPE Support Total Funds Total Funds Costs 2024 2023 Support and administrntion Support staff Cos 30,058 40,108 70.166 30,058 40.108 70.166 26.348 30,030 56.378
FERMYNWOODS CONTEMPORARY ART LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 GOVERNANCE COSTS Restrlcted Totsl Funds Total Funds Funds 2024 2023 Independent examiner's fees Depreciation 1,140 180 1,140 180 1,140 225 1,320 lJ20 1,365 10. NET (OUTGOINGYINCOMING RESOURCES FOR THE YEAR This is stated after charging: 2024 2023 Depreciation Independent examiner's remuneraiion - independent examination of ihe financial Statements 180 225 1,140 1,140 11. STAFF COSTS AND EMOLUMENTS Total stsff costs were as follows: 2024 2023 Administration staff costs 40.108 40,108 30,030 30.030 Partlculars of employees: The average number of employees during ihe year. calculated on (he basis of full-time equivalents, was as follows: 2024 None 2023 None No employee received remuneralion of more than £60,000 during the year (2023 - Nil). .24-
FERMYNWOODS CONTEMPORARY ART LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 12. TANGIBLE FIXED ASSETS Equlpment COST At l April 2023 Additions in year At 31 March 2024 8,613 8,613 DEPRECIATION At l April 2023 Charge for the year At 31 March 2024 7,710 180 7,890 NET BOOK VALUE At 31 March 2024 723 At 31 March 2023 903 13. DEBTORS 2024 2023 Prepaymenls 1,437 1,437 2,584 2.584 14. CREDITORS: Amounts falling due wlthln one year 2024 2023 Deferred income and accruals 464,947 464,947 528,090 528.090 15. RESTRIcfED INCOME FUNDS BalanLY at l Apr 2023 Outgolng resources Balance at 31 Mar 2024 Restricted Fund 102,869 (80966) 21,903
FERMYNWOODS CONTEMPORARY ART LIMITED NOTES TO THE FINANCIAL sTATEMErs YEAR ENDED 31 MARCH 2024 16. UNRESTRicfED INCOME FUNDS Balance at l Apr 2023 Incoming resources Balance at 31 Mar 2024 Genera] Funds 63,649 64,537 17. ANALYSIS OF ASSETS BETWEEN FUNDS Net current Tangtble as5etsl rixed ets Oiabi1Sties) Total Restrlcted Income Funds: Restric*d Fund Unrestricted Income Funds 723 21,180 6437 85,717 21,903 64,537 86,440 Total Funds 723
Fermynwoods Contemporary Art Llmlted Schedule lo the Statement of Flnanclal Acllvltles for the year ended 31 March 2024 Unr•#irtthd R•8titcidd Prfor P¢rtod Furtd• Fund• Fund• Toi•l Fund$ 2023 2024 2024 Incomlng Resources from generated funds Voluntary Income Grnnt$, l¢ga¢l6s •nd donollons Govemment and publlc bodles Incoming r¢$ources ol a revenue nare Arts Council England County Council grants Big Giv8 Anchoi Match Fund TMC Grealive Communities Fund Northanls Community Foundalion Norihamplonshirg Creative Climate Adion Fund Total 39,8 39.800 88.915 28,579 357 6,048 9,953 2,500 2.500 2,720 2.720 10.586 10,586 55 606 55 606 Non govemmenl and non publlc bodles Incomlng iewur¢e$ ot a venUe nature- grant4 donations and lega¢les The Douglas Complon Jamés Charilable T1 3,000 Harpur TNSI 1.755 Maud Elklnglon Charltable Trust Green Enargy Amold Clark Communily Fund Leslie Church M8morlal FUTh Donatsons Neighbourly Seeds ol Change Magic Little Grant Total 3,000 1,755 500 5.000 1.000 4.975 952 75,650 75.650 500 500 80 905 80 905 500 Voluntary Income 136511 1 511 Glfts In klnd, donated ser¥lees and faclllues Solicitors pro bono Wofk H8lloprinl charitable dlscounl SGL clganing Ollice costs Canva So¢ial IAedia Graphic Deslgn Plan Arlisl accommodation Gu9sI curation Totsl Glfts in klnd, donated ser¥lces and lacllilieg 1.000 77 320 2.500 loo 1,000 1,000 13 1.000 320 2,500 100 100 890 1.725 Other voluntary Income Fundraising a¢tivities Acllvlll8¥ for generatlng funds 77.709 77 709 7T 709 77 709 Incomlng resources from charltable 8Ctlvitles Loltlng ol non In¥estment propoty lty ¢haritobl8purp)ses 1,614 Tolal Incomlng Resources 219.831 219031 197,084
Fermynwoods Contemporary Art Umlted Schedule lo the Statement of Flnanclal Activbties lor the year ended 31 March 2024 Fund Fund T•tsi Fund• 2023 2024 Costs of generatlng funds Co$1$ of genorntlng voluntary Income Cosl ol lundraising activitses Total costs ot generatlng voluntary income 165 662 165.662 16 Charltsble expendlture Costs olacllvltles In lurtherwKo of the choritys obfvdlves Cosl ol charilable le1b1 ol ron investmént wrwty 9.471 9.471 Support cost$ olcharltable acllvldes Gross wages arKi SarS- charitable actV4ibes Travel a1 Subsis1on¢•. Char5 Activi 40.108 40,108 3.066 3.066 174 43 174 2.601 631 AtsnJgemeni •ndadmlnlstratlon In support ol¢hartt8bk aclfvllles PrnM1 co8 Rent payable Rates. waler and charges Insurance 3.655 1242 3,301 3.670 4SI 1242 3.301 3.539 Teorte. fax and Inlemel Staliongry arKI offtGo expenses 1.&37 1537 6.018 3,024 Lègal and professional lee5 1.768 1.768 1.619 Totsl Expended on Charllable Aclmues 70,166 N166 56,378
Ferniynwoods Contemporary Art Llmited Schedule lo the Stalement ot Flnanclgl A¢tlvltle8 for the year ended 31 March 2024 UnM•trl¢I ft¢•trfetsd Toiil Fuftd• FundJ 2024 Prlorpeilod Fund• Toi•l ndS 2Iy23 2024 2024 Govern8nce costs that are nol dlrnct m8nagament functlons Inherenl In generatlng lunds, servlce dellvery andprogrnmme orprofvt work Spe11¢ govemanee eosl* 0opr¢¢ialion ol assèts used Iof charllablg pvrpose5 Ind&perent Examlnerfs Fees Total goveinan¢e ¢0818 180 180 225 1.140 1,365 1,320 1,320