## |||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.| |||||Studio Residency
Programme
—Annual
Studio Residency| |||||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.| |||||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)||| ## ##