Charity registralion number 1135536
Company reglstratlon number 04359454 (England and Wales)
ART GENE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

ART GENE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
N Van der Velden
E Speight
N McKinnell
ADin
H Kaur
D Haley
M Slanton
C Davis
(Appointed 19 March 2024)
(Appointed 26 April 2023)
Secretary
N Wild
Charity number
1135536
Company number
04359454
Prlnclpal address
The Nan Tait Centre
Bath Street Enliance
8arrow-in-Fumess
LA14 STY
Reglstered offlce
The Nan Tait Centre
Bath Street Enliance
8arrow-in-Fumess
LA14 STY
Independent examlner
Melville & Co
Unit 17-18, Trinity Enterprise Cenlre
Furness Business Park
Ironworks Road
Barrow-in-Furness
LA14 2PN

ART GENE LIMITED
CONTENTS
Page
Trustees, report
Independent examin8rfs report
Statement of financial activities
Balance sheet
Statement of cash flows
Noles to the accounts
10-19

ART GENE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Irustees present their annual report and financial slatements for the year ended 31 March 2024.
The accounts have been prepared in accordance wtth the accounting policies sel out in note 1 to ItrE accounts
and comply with the charity's Memorandum and Articles of Associalion, the Companies Act 2006 and the
statement of Recommended Practice, "Accounting and Reporting by Charilies" issued in March 2005.
Objectlves and actlvltles
The charity's objects are. for the public benefit, to advance Ihe educalion of the public in Arts in Barrow-in-
Furness, and also nationally and internationally, through the establishment of a facility to encourage artist led
inilialives-, parlicuarly the production and exhibition of new work The policies adopted in furtherance of these
objects are to implement a programme of local art and design-focused events, educational visits and workshops
and there has been no change in these during Ihe year.
In plannlng and carrying out the charity's aclivities the Board and management are always aware that such
activities must be for the public benefit. As such the Board confirm thal they have had due regard lo the Charily
Con)mission's published guidance on Ihe'public benefit, motive.
The trustees have paid due regard lo guidance issued by the Charily Commission in deciding what activities the
charity should undertake.
Achlevements and performance
11 has been a very positive year for Art Gene, which continues to create socially engaged visual art across the
social, nalural and built environment, helping people to learn in some of Ihe most economically and culturally
deprived electoral wards in Northwest England.
Following achievement of Arts Council England (ACE) Nalional Portfolio Organlsatlon status for Ihree years from
April 2023, and the award of a welcome uplift on previous grants, Directors have been able lo reallse Iheir
ambilion lo stabilise the core operation of the charity. Staff Ihat are key to the delivery of the ACE programm8
were given longer-lerm contracts, and new staff members were recruited to extend work with the publ￿ and lo
tak8 some day-to-day pressure off Oireclofs.
Maddi Nicholson and Stuart Bastik remained as Artist Directors of the Company. Maddi extended her paid hours
to work three days for Art Gene, and two days freelance. Unforlunately. Stuart was on sick leave for Ihe laller
part of Ihe year. his Art Gene role limited. Norman Wild (Company Secretary and Finance Manager) conlinued to
work two days per week, and Woikshop Manager Clinton Rimmer and Projects and Communlcalion5 Manager,
Rachael Barker, were re-conlracled lo woik full lime.
Art Gene continued lo employ a range of slaff on fixed-term contracts. At the end of the Low Carbon Barrow
programme, extended to March 2023, Jo Reilly shifted lo do her fundraising and business development role over
an extended number of days (following interview wilh Truslees in 2022), supported by Ihe Esmée Fairbairn
Foundation (EFF). In September 2023. Jo was employed on a full-time contract, comprising of four days funded
by EFF and one day funded by the National Lottery Heritage Fund as part of the Earnse Bay Project, managed
by Natural England. Following a nalional recruitment campaign. Miranda Hill was employed as Art Gene's
ProgTamme Associate on a three-day a week contract from September 2023. This was extended lo four days
when new Historic England funding became available in 2024. In Febwary 2024, Belhan Petlitt was recruiled lo
join the team as our Creative Gardener. working ihree days a week at Allolment Soup, initially for one year. She
replaced Amy Stretch-parker, who had worked at the site in a seasonal role from April to December before
moving on to another role.

ART GENE LIMITED
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
As a team, we continued lo operate and manage the artist-deslgned communily growing space, Allotment Soup.
on Walney Island where we promote outdoor arts engagement. biodiversity and organic food growing utilising
large-scale polytunnels. Our office continues to be situated in the Nan Tait Cenlre. a laige Wictorian building in
Barrow town cenlre, home to our woikshops, studios. garden and gallery spaces. The buildlng Is in u￿ent need
of mainlenance and repair, and we regularly log issues with the landlord, Weslmorland and Furness Council.
This year, our Trustees decided to respond to a call from the Council and, following an extraordinary Board
meeting in January 2023. submilled an expression of interest in an asset transfer from the Council to Art Gene.
We await a response. Trustees are clear that major capital works would need to be completed by the Councll
before a transfer could be agreed.
We provide a summary of our project work in the section below. All our outputs, opportunities and achievements
were shared regularly with the public through a fortnightly newsletler, using Eventbrite and via our popular
Inslagram, Twitter and Facebook accounts. We continue lo grow our communication channels; at the lime of
writing, they gave us a combined polential reach of over 6200 people. This year we created a new Tik Tok
account.
Highllghts from the artistic programme and project work
l. Herltage Hlgh Street Cultural Programme
The year to March 2024 marked the fourth and final year of Barrow's Heritage High Street 'Re:Dlscover Barrow
Lost Shops, programme, supported by Historic England in partnership viilh Westmorland and Furness
Council. Art Gene conlinued to coordinate and manage the associated cultural programme in Barrow. In this
fourth year, our lead artist, Maddi Nicholson, made work in response to the high street- 'A Game of Communily
and Chance,, a board game modelled on the history of Duke Street.
We featured a wlde range of works made by Ihe other cultural programme partners in a major Art Gene-curated
exhlbitlon, 'Place - Re:Dlscover Barrow,. Comprising four years of work responding lo the hlstory of Barrow's
conservation area, the exhibition launched with an audience of 93 on 9 February 2024 and ran until Ihe end of
the year. It featured historic ariefacts, stills from theatre productions, three films, and numerous art works mad8
by more than 15 local artists. 11 was seen by hundreds of local people. including the local MP, a ddegation of
Council staff, Furness Carers and local schools.
The exhiblllon featured a significant body of work by Sarah Hardacre. our 'Lost Shops, artist in residence,
recruited in partnership with BarrowFull in 2023. Sarah held memory workshops In Barrow market during
November, seeking lo ground her work in Ihe lived experience of local people. She created collage work for an
exhibition in the high street based on these memories and her archival research. launching an impressive series
of lightboxes, a 'billboard' and a new shop fronl on Duke Street in December 2023. The lighlboxes, initially in
shop wlndows for a week, were moved to a public posilion in the market for a further month and then achleved a
new audience when displayed in the Art Gene gallery in February and March.
Art Gene created a 'Lost Shops, catalogue to accompany the exhibition, available fr)r sale, and on 10 February
organlsed and hosted a local history conference bringing logether a range of volunteers and community
historians lo share their work. A special feature of the exhibition was orchestrated footage commissioned by the
Llverpool Phllharmonlc Orchestra from Aerial Artwork which featured Art Gene's Re.'Di5cover Barrow film. In 8
new departure for Art Gene, we also took our history-focused work inlo four care homes, screening a range of
films about Barrow and its history and eliciting a slrong. positive response from residents with den*ntia and
learning difficulties.
Furthering our histoiy-focused creative work, we won two Micro to Mighty herllage grants al the end of the year
and kickstarted them with a public archive evenl attended by 47 people in March 2024. This work will see us
recording the memories of former students at Barrows Old Technical College, now home to Art Gene. and
exploring the local significance of the Walney Shelter. a modest but important structure on Walney Island.

ART GENE LIMITED
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
11. Artlsts In Resldence
Following a second open call for a 'REAL Barrow artist in residence, we appointed Samantha Jones lo develop
work linked to nature and biodiversity. Sam set aboul a research project over the summer and autumn 2023 to
test whether she could construct mycelium furniture. Sam tested and explained Ihe technique in a series of public
workshops where pariicipants made hand-made mycelium bowls to take away, before successfully making a
table lop and stools. These were exhibited al Allotment Soup at our exhibition in the outdoors in September
2023.
Throughout the year, we continued to partnerArl Walk Projects in Edinburgh and three inlernalional artlsts on the
Deluge project. which we hope will resull in an Art Gene gallery show in 2025. This year Maddi Nicholson
travelled to Edinburgh to present on Art Gene's work and to meet artist Dana Olare5cu, who later presented at
Allolment Soup her inilial work on the importance of sall marshes in cart)on capiure. Art Gene also hosted artists
Dan and Hannah Fox this year. who used Ihe gallery and workshop as a making space before touring new large
scale works around festivals in England.
In a further exciting developmenl, Art Gene was part of a consortia (with the University of Cumbria and Cumbria
Arts and Culture Nelworkl which won Ihe contract to manage a major residency project funded by Cumbria Local
Enleiprise Partnership. Developing the opportunily for three year-long residencies of £25k each, we devised the
Catalyst project in the final quarter of Ihe year and advertised Ihe oppoilunilies nalion-wide.
111. Onllne work
We continued lo develop our digital work in 2023124, once again supporting disabled artists through Ihe related
commissloning. Our Digltal U programme was curaled by Sophie Lindsey and presented work from an open
artist call. The 'On Rapeal. series of works by six artists, some internalional and some local launched wlth a live
screening on 3 May 2023 and ran throughout the rnonth. Ting Ting Chen, Belhan Fox, Sophie Broadgale, Amy
Wright, Simon The Last and Marianne Vieules all showed digital works as part of the programme.
IV. Partnershlps
A major new partnership was developed this year with Natural Englanil, Cumbria Wildlife Trust and
Weslmorland and Furness Council lo develop a new beach school and creative space al Earnse Bay on Walney
151and. We contributed lo the successful application for a major National Loltery Heritage Fund development
grant. We will develop ideas for creative woik al the site and coordinate the creatlon of an Activity Plan lo supporl
the full applicalion in 2024.
We continued lo support BarrowFull, Barrow's Communily Spaces and Places project, Ihroughoul the year. We
ed a planling workshop at the Festival of Colours In April 2023 and a series ol holiday Playcalion events,
Including Hapa Zome workshops involving prinling from wild flowers. The highlight of the partnership was hosting
guests in Barrow, here as part of and inteinalional youth theatre festival., a disabled-led company was resldent In
our gallery for five days and we hosled Ihree exuberant public performances.
Art Gene continued to contribute to Ihe Zero Carbon Cumbria Partnershlp, inputting a Barrow perspective into
strategic meetings and leading biodiversily and decarbonisalion projects. We parinered with the BOOM
University of Cumbria project to deliver eight nature workshops for families who were encouraged to earn John
Muir Awards. A 'gradualion' at the end of the summer programme celebrated everyone's achievemenl and
learning. We were delighted to partner with Cumbria Action for Sustainability and a widfrranging consortium to
win a Shared Prosperily grant. We are tasked with making five films celebrating Ihe decarbonisalion journeys of
Low Carbon Barrow businesses and producing ten case studies", planning work began during 2023124.
This year saw the delivery of the first year of operation of our new local authority, Westmorland and Furness
Council. It has been positive lo build strong relationships with the lead members for climate change and for
culture, bolh of whom have visited Art Gene and have championed the contribution our work makes to a thriving
authorily. Virglnia Taylor, who leads on culture, opened our Place exhibition in February. 11 has been a pleasure,
too, to meet Barrow's new Town Council representalives. We hosted the new Allotmenl Commiltee al Allotment
Soup in 2023 and Chris Altree, the then Mayor, kindly opened Sarah Hardacre's Duke Slreet exhibition.

ART GENE LIMITED
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
V. Ouldoor work
We ran an active public programme throughoul the year at Allotment Soup, our151e of Walney growing space.
Following the resignalion of our first paid gardener, we successfully recruited Bethan Pellill on a part-time basis.
We ran weekly volunteer sessions throughout the growing season, February to Oclob8r, producing a varied crop
of edibles, which more volunteers turned into tasty. organic chulneys and soups over four public workshops. We
were delighted this year to benefit from the Helping Hands volunteering project run by the Cumbria Museum
Consortium. We recruited two new volunteers with long term health conditions to Allotment Soup and featured in
a joyful film about the benefits of volunteering outdoors.
A wonderful new partnership with Furness Refugee Support was a highlight of the year, introducing us to a
loyal group of asylum-seeking young men who volunteered with us on a weekly basis and contribuled hugely to
improving the look and operalion of the site.
We delivered two major events al Allotmenl soup, an open day in June and an art-led exhibilion in the outdoors
in September. In addition to work by Sam Jones, this featured several works by Maddi Nicholson as well as prints
and films by artist, Nick Jordan.
Building the biodiversity of the site continues to be a priority and this year we ran four wild flower planting
workshops as part of the Earnse Project led by Amy Slrelch-Parker. These native species will eventually be
transplanted to the National Nature Reserve on North Walney.
Vl. Sharing and collaboratlon
Strategic collaboration and outreach work remained a priority for the Company. Maddi Nicholson shared Ihe work
of Art Gene with a range of groups throughout the year, including presentations to the University of Cumbria,
Lancaster Arts, Lancaster University, the Morecambe Mileaux conference, a Northern Cre8live Corridor event
and the Northern People's Powerhouse conference.
Maddl Nicholson continued to represent Art Gene on a range of strategic partnership boards and collaborations -
the HerilageAclion Zone Cultural Consortium. the Cumbria Arts and Culture Network. the Barrow Arts Group and
Ihe BarrowFull Board, the Cumbria LEP Cullural Creative and Cultural Board, the Coastal North Collective, and
Barrow's local listing commiltee.
Barrow remalns an Arts Council England Priority Place and it was a pleasure once again to host Arts Council
England staff and offer the facilities for grant surgeries throughout the year.
Flnanclal rovlew
The results for the year are summarised in the Stalemenl of Financial Aclivilies (income and expenditure
account) on page 7. Incoming resources increased by £149,146 {450/0) to £476,483. The largest strand
conlribuling to total incoming resources was the Arts Council at £239.957 which was unrestricted income.
Expenditure lolalled £359,730, a decrease of £48,378 (140h). This led lo an increase in lotal fund balances of
£116,753 in the year- they now total £196,427. ofwhich is £77.807 is in the General Fund {unrestricted)-
It is the policy of Ihe charity that unreslricted funds which have not been designated for a specific use should be
maintained at a level equivalent to approximately three monlh's expenditure. other than fundraising and project
costs. The tfustees considers thal reserwes at this level will ensure that, in the event of a significant drop in
funding, they will be able to continue the charity's current activities while consideration is given to ways in which
additional funds may be raised.
Currently this would require reseTves of £55,000. compared to the £77.807 unrestricted funds held al the end of
the year.
The trustees have assessed the major risks to which the charily is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.

ART GENE LIMITED
TRUSTEES, REPORT (CONTINUED}(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Structure. governance and management
The charily is a company limited by guarantee, nol having share capital, 8nd is governed by a Memorandum and
Articles of Association dated 24 February 2002, as amended. It's company registered number is 04359454. On
15 April 2010 the company became a registered charity with a charity number 1135536.
The trustees, who are also the directors for the purpose of company law, and who serv8d during the year were..
J Bell
(Resigned 1 Novemb&r 2023)
N Van der Velden
E Speight
N McKinnell
ADin
H Kaur
D Haley
M Stanton
C Davis
(Appointed 19 March 2024)
(Appointed 26 April 2023)
The Board consists of people with considerable interest and experience in the arts, who are able lo draw on their
past experiencas at a senior level in managemenl. finan￿. human resour￿ managemenl or strategic planning.
None of the trustees has any beneficial interesl in the company. All of the trustees are members of the company
and guarantee lo contribute £1 in the event of a winding up.
The Board of trustees (direclors) is the responsible body of the organisalion. and meets reguarly throughout the
year deciding on slralegies and exercising management and artistic oversight of the charity. The Board delegates
the day to day management of the organisalion and the financial control lo the Artistic Direclois and the
Company Secrelary.
There are no related parties of the charity.
The trustees, report
roved by the Board of Trustees.
D Haley
Trustee
Daled.. IY.:Il' IP.L.*.

ART GENE LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ART GENE LIMITED
I report to the trustees on my examination of the financial statements of Art Gene Limited (the charity) for the year
ended 31 March 2024.
Responslbllltles and basls of report
As the Iruslees of the charily (and also ils directors for the purposes of company law) you are responsible for the
preparation of the financial stalements in accordance with the requirements of the Companies Act 20(E (the 2006
Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination. I report in respecl of my examination of the charity's
financial slatemenls carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charily Commission under section 145(5)(b)
of the 2011 Act.
Independent examlner's statement
Since Ihe charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the
Association of Chartered Ceriified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come lo my allenlion in connection with the
examination giving rne cause to believe that in any material respect-
accounting records were not kept in respect of the charity as required by 8eclion 386 of the 2006 Act. or
the financial statements do not accord with those records: or
the financial statements do not comply with the accounting requirements of section 398 of the 2006 Act other
Ihan any requirement that the accounts glve a true and fair view which is not a matler considered as part of an
Independent examination,. or
the financial statements have not been prepared in accordance with the methods and principles of the
statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing Iheir accounts in accordance with Ihe Financlal Reporting Standard appllcable In Ihe UK an
Republic of Ireland (FRS 102).
I have no concerns and have come across no other matlers in conneclion with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
S Oram
Melvllle & Co
Chartered Certified Accountant
Unlt 17-18. Trinity Enterprise Cenlre
Furness Busines5 Park
IronwoTks Road
Barrow-in-Furness
LA14 2PN

ART GENE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and grants
Sales and rentals
Inveslmenls
253.039
19.995
873
202,576
455,615
19,995
873
135,178
12,526
284
179,349
314,527
12,526
284
Total Income
273,907
202,576
476,483
147,988
179,349
327,337
Expendlture on:
Charitable activities
261.787
97,943
359,730
152.671
255,438
408,109
Total expendllure
261,787
97,943
359,730
152.671
255,438
408,109
Net InGomel(expendllur8) and
movement In funds
12,120
104,633
116,753
(4.683)
(76.089)
(80,772)
Reconclllatlon of funds:
Fund balances at 1 April 2023
65.687
13,987
79,674
70,370
90,076
160,446
Fund balances at 31 March
2024
77,807
118,620
196,427
65,687
13,987
79,674
The statement of financial activities includes all gains and losses recognised in the year. All income and expendilur8
d8rive from continuing activities.

ART GENE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in hand
13
9,515
267,982
1,120
132,044
277.497
133,164
Credltors: amounts falllng due wlthln
one year
14
(81.070)
(53,490)
Net current assets
196,427
79,674
Net assets excludlng pènsion liablllty
196,427
79,874
The funds of the charlty
Restricted income funds
Unrestricted funds
15
118,620
77,807
13,987
65,687
196,427
79,674
The company is enlilled lo the exemption from Ihe audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounling records which comply
wilh section 386 of Ihe Act and for preparing financial statements whlch give a Ifue and fair view of the state of
affairs of the company a5 at the end of the financial year and of ils incoming resources and application of resources,
including its income and expenditure, for the financial year in accordance with the requiremenls of sections 394 and
395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements,
so far as applicable to the company.
The members have not required the company to obtain an audit of its financial slatements for the year in question in
accordance with seclion 476.
These financial statements have been prepared in accordance wilh the provisions applicable to companies subject
to the small companies regime.
The financial statements
proved by the trustees on . i4=11-i.o.&+
DHal
Trustee
Company registration number 04359454 (England and Wales)

ART GENE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operatlng actlvltles
Cash generated fromJ(absorbed by)
operations
18
135,065
(31,635)
Investlng actlvltl8S
Inlerest received
873
284
Net cash generated from Investlng
actlvltle$
873
284
Net cash used In flnanclng actlvlties
Net Increaselldecrease) In cash and cash
equlvalents
135,938
(31,351)
Cash and cash equivalents at beginning of year
132,044
163,395
Cash and cash equlvalents at end of year
267,982
132,044

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
Company information
Arl Gene Limited is a private company limited by guarantee incorporaled in England and Wales. The
regislered office is The Nan Tait Centre, Bath Street Entrance, Bairow-in-Furness, LA14 STY.
1.1 Accounllng conventlon
The financial statements have been prepared in accordance with the charity's Memorandum and Articles, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland. ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Stalement ol
Recommend&d Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulatlons 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charilies applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referTed to in the Regulations bul which has since been withdrawn.
The financial statements are prepared in sterling. which 18 the fur)clional currency of Ihe charily. Mon8tary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under Ihe historical cost convention. The principal accounting
policles adopted are set out below.
1.2 Going concern
At the lime of approving the financial statements, the trustees have a reasonable expectation thal the charity
has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statemenls.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of Iheii charitable
objectives unless the funds have been designated for other purposes.
Reslricted funds are subject lo specific conditions by donors as to how Ihey may be used. The purFr)ses and
uses of Ihe restiicted funds are set out in the notes lo the accounls.
1.4 Incomlng resources
Income is recognised when the charily is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably. and it is probable that income viill be reGeived.
Cash donations are recognised on receipt. Olher donations are recognised once the charity has been nolified
ol the donation, unless performance conditions require deferral of Ihe amount. Income lax recoverable in
relation to donatlons received under Gift Aid or deeds of covenant is recognised at the time of the donation.
10-

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(Continued)
1,5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a
third party, il is probable that a transfer of economic benefits will be required in setllement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity a￿ made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activlly. Direct costs altributable to a single
activity are allocated directly to that activity. Shared costs which contribute to mor& than one activity and
support costs which are not allribulable to a single aclivily are apportioned between those activities on a basis
consistent with the us6 of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allo¢aled on the wrtion of Ihe asset's use.
All expendilure Is accounted for gross and when incurred. Charitable expenditure includes the costs of all
activities carried out, with the exception of Ihe costs incurfed for governance purposes.
1.6 Tanglble flxed assels
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation. nel of
deprecialion and any impairment losses.
Depreciation is recognised so as lo write off the cost or valualion of assets less their residual values over their
useful lives on the following bases:
Land and buildings - leasehold
Plant and machinery
Fixtures, filllngs & equipment
10% slraight line
250kn and 33.3% straight line
250kn straight line
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposils held at call with banks, other short-term Ilquld
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafls are shown
within borrowings in current liabilities.
Basic financial liabilities, including creditors and bank loans ale recognised al Iransaction price unless the
arrangement conslitules a financing transaction, where the debt instrument is measured at the present value
of the future payments discounled at a market rate of inleresl. Financial liabililies classified as payable wilhln
one year are not amortised.
1.8 Taxatlon
The company is not liable to Corporalion Tax on any surplus it makes so long as Ihe surplus Is Us￿1 for
charitable purposes.
1.9 Funds
Restricted funds represent grants and other income received which can only be expended on specific
purposes as defined by the donor.
Unrestricted funds are all other funds hdd by the charily. including general purpose funds.
11

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accountlng esllmates and Judgements
In the application of the charily's accounting policies, the trustees are iequired to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The eslimates and associated assumptions are based on historical experience and other factors thal
are considered to be relevant. Actual results may differ from these estimates.
The eslimates and underlying assumptions are reviewed on an ongoing basls. Revisions lo accounting
astimates are recognised in the peiiod in which the eslimale is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affecls bolh current and future
periods.
Income from donatlons and grants
Unreslrlcted Restrlcted
funds
funds
2024
2024
Total Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Grants receivable from
core activities
3,082
3,082
1.154
1,154
249,957
202,576
452.533
134.024
179,349
313,373
253.039
202,576
455,615
135,178
179,349
314,527
Grant$ recelvable for core actlvltles
Arts Council England
239,957
Westmorland and
Furness Council
Lost Shops Project
S-H-E-D
Know your
Neighbourhood
Sir John Fisher
Foundation
Esmee Fairbairn
Foundation
Wild Walney Climate and
Nature Project
Cumbria County Council
Furness Refugee Support
Other
239,957
112,024
3.000
115.024
10,000
10,01)0
45,000
25,000
10.000
10,000
45,000
25,000
10,000
10,000
35,000
35,000
10,000
10.000
7,500
7,500
40.075
40.075
12.000
39.625
51,625
15,513
8.998
1,990
21.000
15,513
8,998
1,990
21,000
1.500
117,724
1,500
117,724
249,957
202,576
452.533
134,024
179.349
313,373
12-

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Sales and rentals
Ront Room hlre
recelvablo
Total
2023
Sales within charilable aclivities
2,700
17,295
19.995
12,528
Analysis by fund
Unrestricted funds
2.700
17,295
19.995
For the year 8nded 31 March 2023
Unrestricted funds
2,475
10,051
12,526
Income from Inveslments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Interesl receivable
873
284
13-

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltable actlvltles
Dlrect costs Dlrect costs
2024
2023
Staff costs
Project fees
133,934
142.421
138.216
179,982
278.355
318,198
Share of support costs (see note 7)
Share of governance costs (see note 7)
79,116
4,259
85,688
4,223
359,730
408,109
Analysls by fund
Unrestricted funds
Restricted furMIs
261,787
97,943
152,671
255,438
359,730
408,109
For the year ended 31 March 2023
Unrestrlcted funds
Restricted funds
152,671
255,438
408,109
14-

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to actlvltles
Total
2024
Total
2023
Basls of allocation
900kn unrestricted
900/0 unrestricted
1000% unrestric18d
Sludio and premises
Administration and overheads
Governance
54,896
24,220
4,259
73,912
11.776
4,223
83,375
89,911
2024
2023
Governance costs comprlse:
Board meetings
Accountancy
Travel
Other
111
3,697
391
80
100
3,932
178
13
4,259
4,223
Premises costs for 2023 includes additional service charges for 2020-21 and 2021-22 of £13,494 and £16,101
respectively notified lo the charity in December 2022.
Net movement In funds
2024
2023
The net movement In funds Is slated after chargingl(credilingJ-
Fees payable lo the charlty's independent examiner.
for the independent examination of the charily's financial stalemenls
for other assurance services
762
2,935
732
3,200
Trustees
None of Ihe truslee5 (or any persons connected with them) received any Temuneration during the year.
15-

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employees
Number of employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Administration and finance
Technical support
Project management
Business development and fundraising
Maintenance
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
124,712
6,360
2.862
128,708
6,984
2,524
133,934
138,216
Th8re were no employees whose annual remuneration was £60,000 or more.
11 Taxatlon
The charity is exempt from taxation on its aclivilies because all its income is applied for charitable purposes.
12 Tanglble flxed assels
Land and
bullding5-
leasehold
Plant and
machlnery
Flxture8,
fllllngs &
qulpm8nt
Total
Cost
At 1 April 2023
165,091
54,961
27,884
247,936
At 31 March 2024
165.091
54,961
27,884
247,936
Depreciation and Impalrment
At 1 ApTiI 2023
165.091
54,961
27,884
247,936
At 31 March 2024
165,091
54,961
27,884
247.936
Carrying amount
At 31 March 2024
At 31 March 2023
16-

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Debtors
2024
2023
Amounts falllng due wlthln one year".
Trade debtors
9.515
1,120
14 Credltors: amounts falllng due wlthln one year
2024
2023
other taxation and soclal securily
Trade creditors
Other creditors
Accrua15 and deferred Income
3,197
4,074
56
73,743
1,827
2,711
48,952
81,070
53,490
15 Restrlcted funds
The reslricled funds of the charily comprise the unexpended balances of donations and grants held on trust
subject to speclfic conditions by donors as lo how they may be used.
At 1 Aprll
2023
Incomlng
resources
Resources At 31 March
expended
2024
13,987
202,576
(97.943)
118,620
Pravlous year:
At 1 Aprfl
2022
Incomlng
resources
Resources At 31 March
expended
2023
90,076
179,349
{255,438)
13,987
17-

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific condilions by donors and grantors as to how they may be used. These include
designaled funds which have been set aside out of unrestricled funds by the trustee5 for specific purposes.
At 1 Aprll
2023
Incomlng
resources
Resources At 31 March
expended
2024
General funds
65,687
273,907
(261.787)
77,807
Prevlous year:
At 1 Aprll
2022
Incomlng
resources
Resources At 31 March
expended
2023
General funds
70,370
147,988
(152,671)
65.687
17 Analysls of net assets between funds
Unrestrlcled
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 March 2024..
Currenl a5setsl(liabililie$)
77.807
118,620
196,427
77,807
118,620
196,427
Unrestrlcted
fund5
2023
Restrlcted
funds
2023
Total
2023
At 31 March 2023..
Current assetsl(liabililies)
65,687
13.987
79,874
65,687
13.987
79,674
18-

ART GENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Cash generated from operatlons
2024
2023
Surplusl{deficit) for the year
116,753
(80,772)
Adjustments for:
Investment income recognised in statement of financial activities
(873)
(284)
Movements in working capital:
Ilncreaselldecrease in debtors
Increase In creditors
{8.395)
27,580
9,883
39,538
Cash generated froml{absorbed byl operatlons
135,065
(31,635)
19-