| Pages | ||
|---|---|---|
| Trustees' Annual Report |
||
| Independent Examiner's Report |
||
| Statement of Financial Activities | ||
| Summary Income and Expenditure |
Account | |
| Balance Sheet | ||
| Notes to the Accounts | 7to 15 | |
| Detailed Statement ofFinancial Activities | 16to17 |
| Statement o for the year |
fFinancial Activiti ended 31March |
es 2022 |
||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | f | f | E | |||
| Income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 230,417 | 230,417 | 217,423 | ||
| Charitable | activities | 418 | 418 | 1,090 | ||
| Other trading activities | 17,230 | 17,230 | (1,760) | |||
| Investments | 1 | 1 | 30 | |||
| Total | 248,066 | 248,066 | 216,783 | |||
| Expenditure | on: | |||||
| Charitable | activities | 42,652 | 2,100 | 44,752 | 25,437 | |
| Other | 162,410 | 162,410 | 128,733 | |||
| Total | 205,062 | 2,100 | 207,162 | 154,170 | ||
| Net gains on | investments | |||||
| Net income | 10 | 43,004 | (2,100) | 40,904 | 62,613 | |
| Transfers between funds |
||||||
| Net income before other | ||||||
| gains/(losses) | 43,004 | (2,100) | 40,904 | 62,613 | ||
| Other gains and losses | ||||||
| Net movement in funds |
43,004 | (2,100) | 40,904 | 62,613 | ||
| Reconciliation offunds: | ||||||
| Total funds brought forward | 45,419 | 19,782 | 65,201 | 2,588 | ||
| Total funds carried forward | 88,423 | 17,682 | 106,105 | 65,201 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | f | ||
| Income | 248,065 | 216,753 | |
| interest and | investment income |
30 | |
| Gross income forthe year | 248,066 | 216,783 | |
| Expenditure | 193,242 | 143,045 | |
| Depreciation | and charges for | ||
| impairment | offixed assets | 13,920 | 11,125 |
| Total expenditure forthe year |
207,162 | 154,170 | |
| Net income | before tax for the year | 40,904 | 62,613 |
| Net income | for the year | 40,904 | 62,613 |
| at 31March 20 | 22 | 22 | 22 | |||
|---|---|---|---|---|---|---|
| Company No. |
08653315 | Notes | 2022 | 2021 | ||
| f | ||||||
| Fixed assets | ||||||
| Tangible assets | 12 | 394,407 | 391,221 | |||
| 394,407 | 391,221 | |||||
| Current assets | ||||||
| Debtors | 13 | 3,064 | 21,390 | |||
| Cash at bank | and | in hand | 119,397 | 107,641 | ||
| 122,461 | 129,031 | |||||
| Creditors: Amount | falling due within one year | 14 | {38,134) | (96,114) | ||
| Net current assets | 84,327 | 32,917 | ||||
| Total assets less | current liabilities | 478,734 | 424,138 | |||
| Creditors: Amounts | falling due after more than one year | 15 | {372,629) | (358,937) | ||
| Net assets excluding | pension asset or liability | 106,105 | 65,201 | |||
| Total net assets | 106,105 | 65,201 | ||||
| The funds ofthe | charity | |||||
| Restricted funds | 16 | |||||
| Restricted income funds | 17,682 | 19,782 | ||||
| 17,682 | 19,782 | |||||
| Unrestricted funds |
||||||
| Designated funds |
88,423 | 45,419 | ||||
| 88,423 | 45,419 | |||||
| Reserves | 16 | |||||
| Total funds | 106,105 | 65,201 |
| last year and no chan | last year and no chan | last year and no chan | ges have been made to accounts for previous years. | |||||
|---|---|---|---|---|---|---|---|---|
| Fund accounting | ||||||||
| Unrestricted | funds | These are available for use at the discretion ofthe trustees | in furtherance | ofthe | ||||
| general objects ofthe charity. | ||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular | purposes. | ||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | ||||
| restatement ofinvestment assets at their market values. |
||||||||
| Restricted | funds | These are available for use subject to restrictions imposed |
by the donor or | through | ||||
| terms ofan appeal. | ||||||||
| Income | ||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when | the | charity | |||
| income | becomes entitled to, and virtually certain to receive, the |
income and the amount of | ||||||
| the income can be measured with sufficient reliability. |
||||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure | is | ||||
| expenditure | reported gross in the SoFA. | |||||||
| Donations | and | Voluntary income received by way ofgrants, donations and gifts is included |
in | the | ||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | ||||||
| entitlement to the income. |
||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFAat the same time asthe |
||||||
| donations | and gifts | gift/donation to which it relates. |
||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
|||||||
| and facilities | where the benefit tothe Charity is reasonably quantifiable, |
measurable | and | |||||
| material. | ||||||||
| Volunteer | help | The value ofany volunteer help received is not included |
in | the accounts. | ||||
| Investment | income | This is included in the accounts when receivable. |
||||||
| Gains/(losses) on |
This includes any gain or loss resulting from revaluing investments to market value |
|||||||
| revaluation | offixed | at the end ofthe year. | ||||||
| assets | ||||||||
| Gains/(losses) on |
This includes any gain or loss on the sale ofinvestments. | |||||||
| investment | assets |
| Expenditure | |||||
|---|---|---|---|---|---|
| Recognition | of | Expenditure is recognised on an accruals basis. Expenditure includes |
any VAT which | ||
| expenditure | cannot be fully recovered, and is reported as part ofthe expenditure |
to which | it | ||
| relates. | |||||
| Expenditure | on | These comprise the costs associated with attracting voluntary |
income, fundraising | ||
| raising funds | trading costs and investment management costs. |
||||
| Expenditure | on | These comprise the costs incurred by the Charity in the delivery ofits |
activities | and | |
| charitable activities |
services in the furtherance ofits objects, including the making |
ofgrants and | |||
| governance costs. |
|||||
| Grants payable | All grant expenditure is accounted for on an actual paid basis |
plus an | accrual for | ||
| grants that have been approved by the trustees at the end of |
the year but not | yet | |||
| paid. | |||||
| Governance | costs | These include those costs associated with meeting the constitutional | and statutory | ||
| requirements ofthe Charity, including any audit/independent |
examination fees, |
||||
| costs linked to the strategic management ofthe Charity, together with a share |
of | ||||
| other administration costs. |
|||||
| Other expenditure | These are support costs not allocated to a particular activity. |
| 3 Statement |
ofFinancial | Activities - prior year | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | |||
| 2021 | 2021 | |||
| Income and endowments | from: | |||
| Donations | and legacies | 217,423 | 217,423 | |
| Charitable | activities | 1,090 | 1,090 | |
| Other trading activities | (1,760) | (1,760) | ||
| Investments | 30 | 30 | ||
| Total | 216,783 | 216,783 | ||
| Expenditure on: |
||||
| Charitable | activities | 25,437 | 25,437 | |
| Other | 128,733 | 128,733 | ||
| Total | 154,170 | 154,170 | ||
| Net income | 62,613 | 62,613 | ||
| Net income before other | 62,613 | 62,613 | ||
| gains/(losses) | ||||
| Other gains and losses: | ||||
| Net movement | in funds | 62,613 | 62,613 | |
| Reconciliation | offunds: | |||
| Total funds brought forward | 2,588 | 2,588 | ||
| Total funds carried forward | 65,201 | 65,201 |
| Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Grants | 142,577 | 142,577 | 142,576 | ||||
| Capital Grant | 13,308 | 13,308 | 10,754 | ||||
| Digital calibration income |
fund | 19,782 | |||||
| Additional grant |
funding | 72,132 | 72,132 | 44,311 | |||
| British Arts Show | 2,400 | 2,400 | |||||
| 230,417 | 230,417 | 217,423 | |||||
| 5 | Income from | charitable | activities | ||||
| Unrestricted | Total | Total | |||||
| 2022 | 2021 | ||||||
| Philanthropic giving, fundraising and sponsorship |
418 | 418 | 1,090 | ||||
| 418 | 418 | 1,090 | |||||
| 6 | Income from | other trading activities | |||||
| Unrestricted | Total | Total | |||||
| 2022 | 2021 | ||||||
| Studio Rental | 15,755 | 15,755 | 1,990 | ||||
| Other Income | 1,475 | 1,475 | (3,750) | ||||
| 17,230 | 17,230 | (1,760) | |||||
| 7 | Income from | investments | |||||
| Unrestricted | Total | Total | |||||
| ZQZZ | 2021 | ||||||
| Bank interest | received | 30 | |||||
| 30 |
| Not | es tothe Accounts | es tothe Accounts | es tothe Accounts | ||||
|---|---|---|---|---|---|---|---|
| 8 | Expenditure on charitable activities |
||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2022 | 2021 | ||||||
| Expenditure on charitable |
|||||||
| activities | |||||||
| Exhibition costs | 12,520 | 12,520 | 6,827 | ||||
| Event costs | 9,393 | 9,393 | 1,745 | ||||
| Marketing | 2,870 | 2,870 | 6,644 | ||||
| British Arts Show | 70 | 70 | |||||
| Under expenditure | 13,969 | 13,969 | 9,921 | ||||
| Digital calibration | fund | costs | 2,100 | 2,100 | 300 | ||
| CRFG2 | 3,830 | 3,830 | |||||
| Governance costs |
|||||||
| 42,652 | 2,100 | 44,752 | 25,437 | ||||
| 9 | Other expenditure | ||||||
| Unrestricted | Total | Total | |||||
| 2022 | 2021 | ||||||
| Employee costs | 102,503 | 102,503 | 77,361 | ||||
| Motor and travel costs | 306 | 306 | 299 | ||||
| Premises costs | 23,175 | 23,175 | 17,414 | ||||
| Amortisation, depreciation, |
|||||||
| impairment, profit/loss |
on | 13,920 | 13,920 | 11,125 | |||
| disposal offixed assets | |||||||
| General administrative | costs | 6,616 | 6,616 | 11,539 | |||
| Legal and professional | costs | 15,890 | 15,890 | 10,995 | |||
| 162,410 | 162,410 | 128,733 | |||||
| 10 | Net income before transfers | ||||||
| 2022 | 2021 | ||||||
| This is stated after | charging: | f | f | ||||
| Depreciation ofowned | fixed assets | 13,920 | 11,125 | ||||
| 11 | Staff costs | ||||||
| 2022 | 2021 | ||||||
| Salaries and wages | 99,134 | 75,482 | |||||
| Social security costs | 1,827 | 706 | |||||
| Pension costs | 1,542 | 1,173 | |||||
| 102,503 | 77,361 |
| 12 | Tangible | fixed assets | ||||||
|---|---|---|---|---|---|---|---|---|
| Land and | Studio | Fixtures, | ||||||
| buildings | Equipment | . TFA3 | fittings and equipment |
Total | ||||
| f | ||||||||
| Cost or revaluation | ||||||||
| At 1April | 2021 | 402,346 | 14,608 | 6,176 | 423,130 | |||
| Additions | 17,106 | 17,106 | ||||||
| At 31March 2022 | 419,452 | 14,608 | 6,176 | 440,236 | ||||
| Depreciation and |
||||||||
| impairment | ||||||||
| At 1April | 2021 | 11,125 | 14,608 | 6,176 | 31,909 | |||
| Depreciation charge forthe |
13,920 | 13,920 | ||||||
| year | ||||||||
| At 31March 2022 | 25,045 | 14,608 | 6,176 | 45,829 | ||||
| Net book | values | |||||||
| At 31March 2022 | 394,407 | 394,407 | ||||||
| At 31March 2021 | 391,221 | 391,221 | ||||||
| 13 | Debtors | |||||||
| 2022 | 2021 | |||||||
| f | f | |||||||
| Trade debtors | 3,064 | 21,390 | ||||||
| 3,064 | 21,390 | |||||||
| 14 | Creditors: | |||||||
| amounts | falling due within one | year | ||||||
| 2022 | 2021 | |||||||
| f | ||||||||
| Trade creditors | 11,296 | 67,194 | ||||||
| Other taxes and social security | 634 | |||||||
| Other creditors | 12,236 | 14,262 | ||||||
| Accruals | 660 | 1,350 | ||||||
| DeFerred | income | 13,308 | 13,308 | |||||
| 38,134 | 96,114 | |||||||
| 15 | Creditors: | |||||||
| amounts | falling due after more | than | one year | |||||
| 2022 | 2021 | |||||||
| f | ||||||||
| Deferred | income | 372,629 | 358,937 | |||||
| 372,629 | 358,937 |
| Movement | in fund | s | ||||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| resources | At 31 | |||||
| (induding | Resources | March | ||||
| At 1April | other gains/losses |
expended | 2022 | |||
| 2021 | )f | |||||
| Restricted funds: | ||||||
| Restricted income | funds: | |||||
| Digital Calibration | Fund | 19,782 | (2,100) | 17,682 | ||
| Total | 19,782 | (2,100) | 17,682 | |||
| Unrestricted | funds: | |||||
| Designated | funds: | |||||
| Designated | Funds | 45,419 | 248,066 | (205,062) | 88,423 | |
| Total | 45,419 | 248,066 | (205,062) | 88,423 | ||
| Total funds | 65,201 | 248,066 | (207,162) | 106,105 |
| Analysis ofnet assets between funds |
|||
|---|---|---|---|
| Unrestricted | |||
| Total | |||
| funds | |||
| f | f | ||
| Fixed assets | 394,407 | 394,407 | |
| Net current assets | 84,327 | 84,327 | |
| Creditors due in more than one year and provisions |
(372,629) | (372,629) | |
| 106,105 | 106,105 | ||
| Reconciliation ofnet debt | |||
| At 31 | |||
| At 1April | IVlarch | ||
| 2021 | Cash flows | 2022 | |
| f | f | f | |
| Cash and cash equivalents | 107,641 | 11,756 | 119,397 |
| 107,641 | 11,756 | 119,397 | |
| Net debt | 107,641 | 11,756 | 119,397 |
| Unrestricte | Restricted | |||||
|---|---|---|---|---|---|---|
| d funds | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| E | E | E | E | |||
| Income and endowments | from: | |||||
| Donations and legacies |
||||||
| Grants | 142,577 | 142,577 | 142,576 | |||
| Capital Grant | 13,308 | 13,308 | 10,754 | |||
| Digital calibration | fund | income | 19,782 | |||
| Additional grant funding |
72,132 | 72,132 | 44,311 | |||
| British Arts Show | 2,400 | 2,400 | ||||
| 230,417 | 230,417 | 217,423 | ||||
| Charitable activities |
||||||
| Philanthropic giving, fundraising and sponsorship |
418 | 1,090 | ||||
| 418 | 418 | 1,090 | ||||
| Other trading activities | ||||||
| Studio Rental | 15,755 | 15„755 | 1,990 | |||
| Other Income | 1,475 | 1,475 | {3,750) | |||
| 17,230 | 17,230 | {1,760) | ||||
| Investments | ||||||
| Bank interest received | 1 | 30 | ||||
| 30 | ||||||
| Total income and endowments | 248,066 | 248,066 | 216,783 | |||
| Expenditure on: |
||||||
| Charitable activities |
||||||
| Exhibition costs | 12,520 | 12,520 | 6,827 | |||
| Event costs | 9,393 | 9,393 | 1,745 | |||
| Marketing | 2,870 | 2,870 | 6,644 | |||
| British Arts Show | 70 | 70 | ||||
| Under expenditure | 13,969 | 13,969 | 9,921 | |||
| Digital calibration | fund | costs | 2,100 | 2,100 | 300 | |
| CRFG2 | 3,830 | 3,830 | ||||
| 42,652 | 2,100 | 44,752 | 25,437 | |||
| Total ofexpenditure activities |
on | charitable | 42,652 | 2,100 | 44,752 | 25,437 |
| Employee costs | ||||||
| Salaries/wages | 99,134 | 99,134 | 75,482 | |||
| Employer's NIC |
1,827 | 1,827 | 706 | |||
| Pension costs | 1,542 | 1,542 | 1,173 | |||
| 102,503 | 102,503 | 77,361 | ||||
| Motor and travel costs | ||||||
| Travel and subsistence | 306 | 306 | 299 |
| 306 | 306 | 299 | |||
|---|---|---|---|---|---|
| Premises costs | |||||
| Rent | 7,870 | 7,870 | 5,700 | ||
| Rates | 2,381 | 2,381 | 2,879 | ||
| Premises repairs and maintenance |
7,752 | 7,752 | 3,513 | ||
| Other premises costs | 5,172 | 5,172 | 5,322 | ||
| 23,175 | 23,175 | 17,414 | |||
| General administrative | costs, | ||||
| including depreciation |
and | ||||
| amortisation | |||||
| Depreciation of land buildings |
and | 13,920 | 13,920 | 11,125 | |
| Depreciation ofStudio |
|||||
| Equipment | |||||
| Depreciation ofFixtures, fittings | |||||
| and equipment | |||||
| Software, ITsupport costs |
and related | 3,834 | 3,834 | 9,092 | |
| Sundry expenses | 1,232 | 1232 | 1,320 | ||
| Telephone, fax and broadband |
1,550 | 1,550 | 1,127 | ||
| 20,536 | 20,536 | 22,664 | |||
| Legal and professional | costs | ||||
| Accountancy and bookkeeping |
3,152 | 3,152 | 2,972 | ||
| Consultancy fees |
11,640 | 11,640 | 6,945 | ||
| Other legal and professional costs |
1,098 | 1,098 | 1,078 | ||
| 15,890 | 15,890 | 10,995 | |||
| Total ofexpenditure ofother costs |
162,410 | 162,410 | 128,733 | ||
| Total expenditure | 205,062 | 2,100 | 207,162 | 154,170 | |
| Net gains on investments | |||||
| Net income | 43,004 | (2,100) | 40,904 | 62,613 | |
| Net income before other | |||||
| gains/(losses) | 43,004 | (2,100) | 40,904 | 62,613 | |
| Other Gains | |||||
| Net movement in funds |
43,004 | (2,100) | 40,904 | 62,613 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 45,419 | 19,782 | 65,201 | 2,588 | |
| Total funds carried forward | 88,423 | 17,682 | 106,10S | 65,201 |
| Annual co |
mmitments under non-cancellable |
operating leases are |
as follows. | |||
|---|---|---|---|---|---|---|
| 2022 | 2022 | 2021 | 2021 | |||
| Land and | Land and | |||||
| Other | Other | |||||
| buildings | buildings | |||||
| f | f | |||||
| Operating | leases with expiry date. | |||||
| Pension commitments | ||||||
| 2022 | 2021 | |||||
| f | ||||||
| The pension cost charge to the company | ||||||
| amounted | to: | 1,542 | 1,173 | |||
| 20 | Related party disclosures | |||||
| Controlling | party |
| Objectiv | es and | Activities | |||
|---|---|---|---|---|---|
| SORP | |||||
| reference | |||||
| Summary | ofthe | Para 1.1T | To promote art and toadvance education in the arts |
||
| purposes ofthe charity as set out in its governing document |
for the benefit ofthe public by the establishment maintenance ofan art gallery, artist studios and project space Toestablish outreach projects in order to harness further engagement with our local communities. |
and | |||
| To provide a creative hub for local contemporary | |||||
| artists to develop their creative and professional | |||||
| practice. | |||||
| To illuminate, expand and drive engagement in |
|||||
| contemporary art practice, forthe benefit ofthe |
|||||
| public. | |||||
| To develop KARST's profile through curating an |
|||||
| exhibition programme that identifies and sets |
|||||
| international agendas and trends within contemporary |
|||||
| art practice. | |||||
| Tooperate as an important and essential example of |
|||||
| acontemporary visual arts initiative principally |
in | the | |||
| South West ofEngland. | |||||
| Toexist and operate as an independent, artist |
led | ||||
| visual arts project space. | |||||
| Toopen and maintain a bank account or bank | |||||
| accounts in the name ofthe Charity. |
|||||
| Toenter into agreement with artists, curators, writers, |
|||||
| galleries and other creative contributors. | |||||
| 10.Toemploy and remunerate such staff as are |
|||||
| necessary for the carrying out ofthe work ofthe |
|||||
| Charity. The Charity may employ or remunerate | a | ||||
| director only tothe extent it is permitted to do so |
by | ||||
| these articles and provided it complies with the |
|||||
| conditions ofarticle 49(2). | |||||
| 11.Subject tosuch consents as may be required by |
law, | ||||
| to purchase, take on tease or in exchange, hire |
or | ||||
| otherwise acquire any real or personal property |
and | ||||
| any rights or privileges which the Charity may think |
|||||
| necessary forthe promotion ofits objects; and | to | ||||
| construct, maintain and alter any buildings or |
|||||
| erections necessary for the work ofthe Charity |
|||||
| 12.To undertake and execute any charitable trusts |
which | ||||
| may lawfully be undertaken by the Charity and |
may | ||||
| be necessa for its obectives. |
| 13. | Subject to such consents as may be required by law, |
|||||
|---|---|---|---|---|---|---|
| to sell, Iet, mortgage, dispose ofor turn to account all |
||||||
| or any ofthe property orassets ofthe Charity as may |
||||||
| be thought necessary forthe promotion ofits | ||||||
| objectives. In exercising this power, the Charity must |
||||||
| comply, as appropriate, with sections 117and 122 |
||||||
| Charities Act 2011. | ||||||
| 14. | Subject to such consents as may be required by law, |
|||||
| to borrow or raise money forthe purposes ofthe | ||||||
| Charity on such terms and on such security as may | ||||||
| be thought fit. The Charity must comply as |
||||||
| appropriate, with sections 124to 126Charities Act |
||||||
| 2011 if it wishes to mortgage land. |
||||||
| 15. | To invest the monies ofthe Charity not immediately | |||||
| required for its purposes in or upon such investments, |
||||||
| securities or property as may be thought fit, subject |
||||||
| nevertheless to such conditions (ifany) and such |
||||||
| consents (ifany) as may for the time being be | ||||||
| imposed or required by law and subject also as |
||||||
| hereinafter provided. |
||||||
| 16 | Toestablish and support oraid in the establishment |
|||||
| and support ofany charitable Companies or |
||||||
| institutions and to subscribe orguarantee money for |
||||||
| charitable purposes in any way connected with the |
||||||
| purposes ofthe Charity or calculated to further its | ||||||
| objectives (to acquire, merge with orto enter into any | ||||||
| partnership orjoint venture arrangement with any |
||||||
| other charity). | ||||||
| 17. | Todo all such other lawful things as shall further any | |||||
| or all ofthe above objectives. | ||||||
| 18. | To procure to be written, printed, published and |
|||||
| issued gratuitously or otherwise such papers, books, |
||||||
| pamphlets or other documents as shall further the |
||||||
| above objectives. | ||||||
| 19. | To pay out ofthe funds ofthe Charity the costs of | |||||
| forming and registering the Charity asa charity. |
||||||
| Summary ofthe main activities in |
Para 1.17 and 119 |
The reason for which the Charity isestablished is to advance the arts for public benefit by the promotion and education, in |
||||
| relation to | those | particular but not exclusively, ofcontemporary ait for the |
||||
| purposes for the public benefit, in particular, the activities, projects or services |
benefit ofthe public. It also establishes outreach projects in order to harness further engagement with local communities to promote art and toadvance education in the arts forthe benefit ofthe public by the establishment and maintenance of an art gallery, artist siudios and project space. |
|||||
| identified | in the | KARST | gallery delivers regional, national and international |
|||
| accounts. | cutting edge contemporary art exhibitions and event projects, |
|||||
| all offering avariety ofartistic content and audience | ||||||
| engagement. We curate and deliver high profile on and off- |
||||||
| site exhibitions 8 project work with ambitious, experimental |
||||||
| international artists 8 curators to programme challenging, |
||||||
| criTically | engaging work. |
|||||
| KARST | studio complex provides a creative hub for local | |||||
| artists who are in varying stages oftheir careers, ranging from |
||||||
| graduate, emerging, mid, and established artists, to promote |
||||||
| and develop their creative and professional practice fora |
||||||
| minimum | ofasix-month period. Studios provide affordab/e |
|||||
| space for up to eighteen local contemporary visual artists; |
||||||
| delivering a series ofcrits every four months, and new digital |
||||||
| critiques | with other UK studio spaces The studios operate as |
|||||
| a collective ofambitious artists, with an ethos toshare |
||||||
| knowledge, skills 8 opportunities. Studio artists have worked |
||||||
| 8 exhibited regionally, nationally 8 internationally. |
| KARST has atalent development programme to support the |
||||
|---|---|---|---|---|
| vibrant and diverse Contemporary arts sector in Plymouth. |
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| Studio Residency Programme —Annual Studio Residency |
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| programme that includes artist residencies in partnership with |
||||
| CAMP and Sudio. KlND, graduate artist residency with Bath |
||||
| Spa University and Arts University Plymouth and KARST |
||||
| gallery programme artists. |
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| Test Space —a programme strand that utilised the gallery |
||||
| space between exhibitions with fast turn round projects, often |
||||
| run in partnerships. | ||||
| Fenster Space —a new space dedicated to host learning and |
||||
| engagement workshops and for studio artists totest, display |
||||
| and show their work. | ||||
| Project Assistant/Intemships/Volunteer —Create opportunities |
||||
| to share and exchange specialist knowledge, collaboration |
||||
| skills and peer to peer support through a programme ofwork |
||||
| opportunities . |
||||
| City Partnerships -KARST collaborates with visiting exhibition |
||||
| artists/curators to facilitate one-to-ones and studio visits |
||||
| KARST collaborated 8 worked in partnership with Plymouth |
||||
| Culture (PC), The Box, Plymouth City Council (PCC), Arts |
||||
| University Plymouth {AUP), University of Plymouth (UoP), |
||||
| Plymouth City NPO Stakeholder Group to capitalise on cross- |
||||
| city exhibition programming toensure increased capacity, |
||||
| develop audiences, promote cohesion 8 extend outreach 8 |
||||
| engagement. | ||||
| National Partnerships —KARST collaborates with regional and |
||||
| national programme partners for both studios and |
||||
| exhibitions. KARST collaborated and worked in partnership |
||||
| with Backlit Studios (Nottingham), Bath Spa University, |
||||
| Hayward Gallery Touring (Southbank Centre), OUTLANDS |
||||
| and Studio. KIND {North Devon). | ||||
| KARST has a key strategic rote to play within Plymouth 8 |
||||
| continues to work in partnership with key stakeholders to |
||||
| collectively deliver a collaborative 8 cohesive approach to |
||||
| developing 8 maintaining a rich 8 valued cultural offer within |
||||
| the city 8 to support the Plymouth Culture Strategy 8 Visual |
||||
| Arts Plan. | ||||
| Statement | Para 1.18 | |||
| confirming the trustees |
whether have |
The KARST trustees have all had regard tothe guidance issued by the Charity Commission on public benefit. |
||
| had regard | to f.he | |||
| guidance | issued by | |||
| the Charity | ||||
| Commission | on | |||
| ublic benefit |
| Project AssistantllnternshipslVolunteer -KARST developed |
|
|---|---|
| a new programme framework, totest and review in-house |
|
| support mechanisms. We worked with 3project assistants (paid), 1 paid internship (PoU), and 6volunteers during this |
|
| period. | |
| We continue to play a key strategic role within Plymouth and |
|
| will continue towork in partnership with key stakeholders to |
|
| collectively deliver a collaborative and cohesive approach to |
|
| developing and maintaining a rich and valued cultural offer |
|
| within the City and to support the Plymouth Culture Strategy |
|
| and Visual Arts Plan. Current partners include Hayward Gallery |
|
| Touring, British Art Show 9 National Group and City Groups, |
|
| Plymouth Culture (PC), The Box,Arts University Plymouth |
|
| (AUP), Plymouth University (PU), Plymouth City Council |
|
| (PCC), Plymouth City NPO/Key Stakeholder Group and |
|
| Plymouth Cultural Educational Partnership (PCEP). |
|
| British Art Show 9(BAS9)- Oct 2022: BAS9is a landmark | |
| touring exhibition organised every five years by Hayward |
|
| Gallery Touring. BASSis curated by Irene Aristizabal and |
|
| Hammad Nasar, and presented in partnership with the cities of |
|
| Aberdeen, Wolverhampton, Manchester, and Plymouth where |
|
| it will be presented at KARST, The Box, Levinsky Gallery | |
| (UoP), and Mirror (PCA). Planning and development for BAS9, |
|
| October 2022. Ongoing. | |
| All KARST exhibitions are free entry and where possible we | |
| aim to ensure our events are affordable or have concessions, | if |
| they are not free. This enables us to extend and drive |
|
| engagement within contemporary art practice and ensure we |
|
| are inclusive to all audiences, including cultural, community, |
|
| education and those audiences that might not normally engage |
|
| to drive engagement in contemporary art practice for the |
|
| benefit ofthe public. |
| Financial Review |
||
|---|---|---|
| Review ofthe | Para 1.21 | The Charity is in agood financial position. We have secured |
| charity's financial position at the end of the period |
Funding from Arts Council England National Portfolio Organisabon grants 2018-2022. This ensures the charity has operational funds to continue to operate securely for the foreseeable future. |
|
| Statement explaining the policy for holding reserves stating why the are held |
Para 1.22 | As ofthe 1stApr 2021 we held R30Kreserves. Itis company policy to maintain sufficient funds to cover 3months operational costs and to deliver the current programme of work. |
| Amount ofreserves | Para 1.22 | P30K |
| held | ||
| Reasons for holding | Para 1.22 | |
| zero reserves | ||
| Details offund | Para 1.24 | None ofthe charity's funds at the end ofthe financial year |
| materiall in deficit |
were in deficit. | |
| Explanation ofany |
There are no uncertainties about the charity moving forward |
|
| uncertainties about |
as a going concern. | |
| the charity continuing | ||
| as a oin concern |
| Arts Council England | Arts Council England | National | Portfolio Organisation | Portfolio Organisation | funding. | |||
|---|---|---|---|---|---|---|---|---|
| The charity*s | Earned Income. | Studio hire and gallery hire | ||||||
| principal sources of funds (including any |
Para 147 | Other grant income: Development. |
Creative | Programme | and Capital | |||
| fundraising) | ||||||||
| Investment policy and objectives |
Para 1.46 | |||||||
| including any |
social | |||||||
| investment policy |
||||||||
| adopted | ||||||||
| A description | ofthe | Para 1.46 | ||||||
| principal risks |
facing | |||||||
| the charity | ||||||||
| Other |
| Description of charit 's trusts |
|||||||
|---|---|---|---|---|---|---|---|
| Type of governing | Para 1.25 | Memorandum | 8 Articles ofAssociation ofKARST | ||||
| document | |||||||
| How is the charity | Para 1.25 | Gharity | Limited by Guarantee | ||||
| constituted'? | |||||||
| Trustee selection | Para 1.25 | Appointed | - Executive Director and Trustees | will look to | |||
| methods including details of any constitutional provisions e.g. election to post or name ofany person |
appoint a new trustee when a specific area ofexpertise required and/or when a person is recognised to be of significant benefit to KARST and its core aims and objectives. Executive Director and Trustees will make a named recommendation at programmed KARST Board Meetings. |
is | |||||
| or body entitled to | |||||||
| appoint one or more | |||||||
| trustees | |||||||
| Additional information |
(optional) | ||||||
| You ma choose to include further |
statements | where relevant about: | |||||
| Policies and | |||||||
| procedures adopted |
Para 1.51 | ||||||
| for the induction and |
|||||||
| training oftrustees | |||||||
| The charity's | |||||||
| organisational | Para 1.51 | ||||||
| structure and any |
|||||||
| wider network with | |||||||
| which the charity | |||||||
| works | |||||||
| Relationship with any |
Para 1.51 | ||||||
| related parties | |||||||
| Other |
| mes | ofthe charity trus | ofthe charity trus | tees who manage | the charity | |||
|---|---|---|---|---|---|---|---|
| Trustee name | Office (ifany) | Dates acted if not forwhole eaf |
Name to a |
ofperson (orbody) entitled int trustee ifan |
|||
| 1 | Nicholas Buckland | ||||||
| 2 | Mark Cotton | ||||||
| 3 | Azza Gasim | 27th | Jan 22to present | ||||
| Wes Gilpin | 27th | Jan 22 to present | |||||
| 5 | Christy Johnson | ||||||
| 6 | Alan Qualtrough | ||||||
| 7 | Merrydith | Russell | 27th | Jan 22 to present | |||
| 8 | Tom Sleman | 27th | Jan 22to present | ||||
| 9 | |||||||
| 10 | |||||||
| 11 | |||||||
| 12 | |||||||
| 13 | |||||||
| 14 | |||||||
| 15 | |||||||
| 16 | |||||||
| 17 | |||||||
| 18 | |||||||
| 19 | |||||||
| 20 |
| Cor orate trustees —names ofthe directors at the date the re ort was a | roved |
|---|---|
| Director name | |
| Donna Howard |
| unds held as cust | odia | n tr |
|---|---|---|
| Description ofthe assets | N/A | |
| held in this capacity | ||
| Name and objects ofthe | N/A | |
| charity on whose behalf | the | |
| assets are held and how | this | |
| falls within the custodian | ||
| charity's objects | ||
| Details ofarrangements | for | NIA |
| safe custody and | ||
| segregation ofsuch assets |
||
| from the charity's own |
||
| assets |
| Names and ad | dresses ofadvisers | (Optional inform |
ation) | ||||
|---|---|---|---|---|---|---|---|
| Type of | Name | Address | |||||
| adviser | |||||||
| Accountant | Luke Hardacre | Precise Accountants Ltd, |
Unit 6 Brooklands, | Budshead | |||
| Road, Plymouth, | Devon, | PL6 5XR | |||||
| Banking and | Branch Manager | Natwest, 14Old | Town Street, Plymouth, | PL11DG | |||
| Finance | |||||||
| Name ofchief | executive or names | ofsenior staff | members | (Optional | information) |