## |||Pages| |---|---|---| |Trustees'
Annual
Report||| |Independent
Examiner's
Report||| |Statement ofFinancial Activities||| |Summary
Income and Expenditure|Account|| |Balance Sheet||| |Notes to the Accounts||7to 15| |Detailed Statement ofFinancial Activities||16to 18| ## ## ## ## ## ## |tatement ofFinancial Activiti
forthe year ended 31March|es
2023||||| |---|---|---|---|---|---| |||Unrestricted|Restricted||| |||funds|funds|Total funds|Total funds| |||2023|2023|2023|2022| ||Notes|E||E|E| |Income and endowments|||||| |from:|||||| |Donations
and legacies||160,823||160,823|230,417| |Charitable
activities||406||406|418| |Other trading activities||27,851||27,851|17,230| |Investments||221||221|1| |Total||189,301||189,301|248,066| |Expenditure
on:|||||| |Raisingfunds|8|22,645||22,645|| |Charitable
activities|9|38,198||38,198|44,752| |Other|10|166,682||166,682|162,410| |Total||227,525||227,525|207,162| |Net gains on investments|||||| |Net (expenditure)/income||(38,224)||(38,224)|40,904| |Transfers between
funds|||||| |Net (expenditure)/income
before other gains/(losses)||(38,224)||(38,224)|40,904| |Other gains and losses|||||| |Net movement
in funds||(3&,224)||(38,224)|40,904| |Reconciliation offunds:|||||| |Total funds brought forward||88,423|17,682|106,105|65,201| |Total funds carried forward||50,199|17,682|67,881|106,105| |||||2023|2022| |---|---|---|---|---|---| ||||||E| |Income||||189,080|248,065| |Interest and|investment
income|||221|| |Gross income for||the year||189,301|248,066| |Expenditure||||213,323|193,242| |Depreciation|and|charges for|||| |impairment|offixed assets|||14,202|13,920| |Total expenditure||forthe year||227,525|207,162| |Net (expenditure)/income|||before tax||| |forthe year||||(38,224)|40,904| |Net (expenditure||)/income|forthe year|(38,224)|40,904| ## ## |Company
No.|OS653315|OS653315|OS653315|Notes|2023
f|2022
6| |---|---|---|---|---|---|---| |Fixed assets||||||| |Tangible assets||||13|385,197|394,407| ||||||385,197|394,407| |Current assets||||||| |Debtors||||14|2,916|3,064| |Cash at bank|and||in hand||69,442|119,397| ||||||72,358|122,461| |Creditors: Amount||falling due within one year||15|(29,466)|(38,134)| |Net current assets|||||42,892|84,327| |Total assets less|current liabilities||||428,089|478,734| |Creditors: Amounts|||falling due after more than one year|16|(360,208)|(372,629)| |Net assets excluding|||pension asset or liability||67,881|106,105| |Total net assets|||||67,S81|106,105| |The funds ofthe|charity|||||| |Restricted funds||||17||| |Restricted income funds|||||17,682|17,682| ||||||17,682|17,682| |Unrestricted
funds||||17||| |Designated
funds|||||50,199|88,423| ||||||50,199|88,423| |Reserves||||||| |Totalfunds|||||67,881|106,105| ## ## ## |last year and no|last year and no|chan|ges have been made toaccounts for previous years.|||||| |---|---|---|---|---|---|---|---|---| |Fund accounting||||||||| |Unrestricted|funds||These are available for use atthe discretion ofthe trustees||in furtherance|of|the|| ||||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 attheir market values.|||||| |Restricted funds|||These are available for use subject to restrictions
imposed||by the donor orthrough|||| ||||terms ofan appeal.|||||| |Income||||||||| |Recognition
income|of||Income is included
in the Statement ofFinancial Activities (SoFA) when the charity
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
tothe 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 to the 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|of|fixed|atthe end of the year.|||||| |assets||||||||| |Gains/(losses)||on|This includes any gain or loss on the sale ofinvestments.|||||| |investment|assets|||||||| |RST|||| |---|---|---|---| |Notes tothe Accounts|||| |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 of the 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 Chadty
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
isaccounted for on an actual paid basis|plus an accrual for| |||grants that have been approved
by the trustees atthe 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 tothe strategic management
ofthe Chadty, together with a share of|| |||other administration
costs.|| |Other expenditure||These are support costs not allocated toa particular
activity.|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3|Statement ofFinancial|A|ctivides - prior year|||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|| |||||funds|funds|Total funds| |||||2022|2022|2022| |Income and endowments||from:||||| ||Donations
and legacies|||230,417||230,417| ||Charitable
activities|||418||418| ||Other trading activities|||17,230||17,230| ||Investments|||1||1| |Total||||248,066||248,066| |Expenditure on:||||||| ||Charitable
activities|||42,652|2,100|44,752| ||Other|||162,410||162,410| |Total||||205,062|2,100|207,162| |Net|income|||43,004|(2,100)|40,904| |Net income before other
gains/(losses)||||43,004|(2,100)|40,904| |Other gains and losses:||||||| |Net|movement
in funds|||43,004|(2,100)|40,904| |Reconciliation offunds:||||||| |Total funds brought forward||||45,419|19,782|65,201| |Total funds carried forward||||88,423|17,682|106,105| |4|Income from donations||and legades|||| |||||Unrestricted|T~l|Total| ||||||2023|2022| |||||||E| ||Grants|||142,577|142,577|142,577| ||Capital Grant|||12,865|12,865|13,308| ||British Arts Show|||||2,400| ||Graduate
Residency|||1,500|1,500|| |||||156,942|156,942|158,285| ## ## |5|Income from||charitable
activities|||| |---|---|---|---|---|---|---| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Philanthropic
fundraising|giving,
and sponsorship||||418| |||||406|406|418| |6|Income from||other trading activities|||| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Studio Rental|||27,851|27,851|15,755| ||Events and Exhibition Income|||||1,475| |||||27,851|27,851|17,230| |7|Income from||investments|||| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Bank interest||received|221|221|| |||||221|221|1| |8|Expenditure||on raising funds|||| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Costs ofgenerati ng voluntary|||||| ||income|||||| ||British Arts Show|||22,645|22,645|| |||||22,645|22,645|| ## |9|Expenditure
on ch|aritab|le a|ctivities|||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Total|Total| |||||||2023|2022| ||Expenditure
on charitable||||||| ||activities||||||| ||Exhibition costs||||15,956|15,956|12,520| ||Event costs||||1,665|1,665|9,393| ||Marketing||||2,577|2,577|2,870| ||British Arts Show||||||70| ||Under expenditure||||||13,969| ||Digital calibration|fund|costs||||2,100| ||CRFG2||||||3,830| ||Feasibility||||18,000|18,000|| ||||||38,198|38,198|44,752| |10|Other expenditure||||||| ||||||Unrestricted|Total|Total| |||||||2023|2022| ||Employee costs||||93,412|93,412|102,503| ||Motor and travel|costs|||1,576|1,576|306| ||Premises costs||||49,890|49,890|23,175| ||Amortisation,
depreciation,||||||| ||impairment,
profit/loss||on||14,202|14,202|13,920| ||disposal offixed assets||||||| ||General administrative||costs||2,590|2,590|6,616| ||Legal and professional||costs||5,012|5,012|15,890| ||||||166,682|166,682|162,410| |11|Net (expenditure)/income|||before transfers|||| ||||||2023||2022| ||This isstated after charging:||||E||E| ||Depreciation ofowned||fixed assets||14,202||13,920| |12|Staffcosts||||||| ||||||2023||2022| ||Salaries and wages||||90,776||99,134| ||Social secudity costs||||1,263||1,827| ||Pension costs||||1,373||1,542| ||||||93,412||102,503| ## ## |13|Tangible|fixed assets||||||| |---|---|---|---|---|---|---|---|---| ||||land and||Studio||Fixtures,|| ||||buildings||Equipment||fittings and
equipment|Total| ||||||||E|| ||Cost or revaluation|||||||| ||At 1April|2022|419,452||14,608||6,176|440,236| ||Additions|||4,992||||4,992| ||At 31March 2023||424,444||14,608||6,176|445,228| ||Depreciation
and|||||||| ||impairment|||||||| ||At 1April|2022||25,045|14,608||6,176|45,829| ||Depreciation
charge forthe|||14,202||||14,202| ||year|||||||| ||At 31March 2023|||39,247|14,608||6,176|60,031| ||Net book|values||||||| ||At 31March 2023||385,197|||||385,197| ||At 31March 2022||394,407|||||394,407| |14|Debtors|||||||| |||||||2023||2022| |||||||||F.| ||Trade debtors|||||2,916||3,064| |||||||2,916||3,064| |15|Creditors:|||||||| ||amounts|falling due within one|year|||||| |||||||2023||2022| ||Trade creditors|||||3,750||11,296| ||Other taxes and social security|||||(58)||634| ||Other creditors|||||12,250||12,236| ||Accruals|||||659||660| ||Deferred|income||||12,865||13,308| |||||||29,466||38,134| |16|Creditors:|||||||| ||amounts|falling due after more|than|one year||||| |||||||2023||2022| |||||||E||E| ||Deferred|income||||360,208||372,629| |||||||360,208||372,629| ## ## |Movement|in fund|s||||| |---|---|---|---|---|---|---| |||||Incoming||| |||||resources||At31| |||||(induding|Resources|March| ||||At1April|other
gains/losses|expended|2023| ||||2022|)||| |||||6||| |Restricted funds:||||||| |Restricted income||funds:||||| |Digital Calibration||Fund|17,682|||17,682| |Total|||17,682|||17,682| |Unrestricted|funds:|||||| |Designated|funds:|||||| |Designated|Funds||88,423|189,301|(227,525)|50,199| |Total|||88,423|189,3D1|(227,525)|50,199| |Totalfunds|||106,105|189,301|(227,525)|67,881| ## |Analysis ofnet assets between funds|||| |---|---|---|---| |||Unrestricted|| ||||Total| |||funds|| |||6|6| |Fixed assets||385,197|385,197| |Net current assets||42,892|42,892| |Creditors due in more than one year and
provisions||(360,208)|(360,208)| |||67,881|67,881| |Reconciliation ofnet debt|||| ||||At31| ||At1April||March| ||2022|Cash flows|2023| ||6|6|6| |Cash and cash equivalents|119,397|(49,955)|69,442| ||119,397|(49,955)|69,442| |Net debt|119,397|(49,955)|69,442| ## ## ||Pension commitments||| |---|---|---|---| |||2023|2022| |||E|| ||The pension cost charge tothe company||| ||amounted to:|1,373|1,542| |21|Related party disdosures||| ||Controlling party||| ## |forthe year ended 3|1|Ma|rch 2|023||||| |---|---|---|---|---|---|---|---|---| ||||||Unrestricte|||| ||||||d funds||Total funds|Total funds| ||||||2023|2023|2023|2022| ||||||E|E|E|E| |Income and endowments|||from:|||||| |Donations
and legacies||||||||| |Grants|||||142,577||142,577|142,577| |Capital Grant|||||12,865||12,865|13,308| |British Arts Show||||||||2,400| |Additional
grant funding|||||3881||3881|72,132| |Graduate
Residency|||||1,500||1,500|| ||||||160,823||160,823|230,417| |Charitable
activities||||||||| |Philanthropic
giving,||fundraising||||||418| |and sponsorship||||||||| |||||||||418| |Other trading activities||||||||| |Studio Rental|||||27,851||27,851|15,755| |Events and Exhibition||Income||||||1,475| ||||||27,851||27,851|17,230| |Investments||||||||| |Bank interest received|||||221||221|| ||||||221||221|1| |Total income and endowments|||||189,301||189,301|248,066| |Expenditure
on:||||||||| |Costs ofgenerating|donations|||and||||| |legacies||||||||| |British Arts Show|||||22,645||22,645|| ||||||22,645||22,645|| |Total ofexpenditure||on|raising||22,645||22,645|| |funds||||||||| |Charitable
activities||||||||| |Exhibition costs|||||15,956||15,956|12,520| |Event costs|||||1,665||1,665|9,393| |Marketing|||||2,577||2,577|2,870| |British Arts Show||||||||70| |Under expenditure||||||||13,969| |Digital calibration|fund||costs|||||2,100| |CRFG2||||||||3,830| |Feasibility|||||18,000||18,000|| ||||||38,198||38,198|44,752| |Total ofexpenditure||on|charitable||38,198||38,198|44,752| |activities||||||||| ## |Detailed Statement ofF|ina|ndal Activities|||| |---|---|---|---|---|---| |Employee costs|||||| |Salaries/wages|||90,776|90,776|99,134| |Employer's
NIC|||1,263|1,263|1,827| |Pension costs|||1,373|1,373|1,542| ||||93,412|93,412|102,503| |Motor and travel costs|||||| |Travel and subsistence|||1,576|1,576|306| ||||1,576|1,576|306| |Premises costs|||||| |Rent|||19,805|19,805|7,870| |Rates|||3,398|3,398|2,381| |Premises repairs and
maintenance|||6,788|6,788|7,752| |Other premises costs|||19,899|19,899|5,172| ||||49,890|49,890|23,175| |General administrative|costs,||||| |including
depreciation|and||||| |amortisation|||||| |Depreciation
ofland and
buildings|||14,202|14,202|13,920| |Depreciation
ofStudio|||||| |Equipment|||||| |Depreciation
ofFixtures,||fittings|||| |and equipment|||||| |Software,
ITsupport and
costs||related|745|745|3,834| |Sundry expenses|||217|217|1,232| |Telephone,
fax and broadband|||1,628|1,628|1,550| ||||16,792|16,792|20,536| |Legal and professional|costs||||| |Accountancy
and bookkeeping|||3,126|3,126|3,152| |Consultancy
fees|||1,610|1,610|11,640| |Other legal and professional
costs|||276|276|1,098| ||||5,012|5012|15890| |Total ofexpenditure
ofother costs|||166,682|166,682|162,410| |Total expenditure|||227,525|227,525|207,162| |Net gains on investments|||||| |Net (expenditure)/income|||(38,224)|(38,224)|40,904| |Net (expenditure)/income
other gains/(losses)||before|(38,224)|(38,224)|40,904| |Other Gains|||||| |Net movement
in funds|||(38,224)|(38,224)|40,904| ## ## ## ## ## |Objectiv|es and Activiti|es||| |---|---|---|---|---| |||SORP reference||| |Summary
the charity
governing|ofthe purposes of
as set out in its
document|Para 1.17|1.|Topromote art and to advance education
in
the arts forthe benefit ofthe public by the
eslablishment
and maintenance
ofan art
gallery, arbst studios snd project space.| ||||2.|Toesiabfish outreach projects in order to| |||||harness
further engagement
with our local| |||||communities.| ||||3.|To provide acreative hub for local| |||||contemporary
arfists to develop their creative| |||||and professional
pracbce.| ||||4.|To illuminate,
expand and drive engstbunent| |||||in contemporary
art pracbce. forthe benefit of| |||||the public.| ||||5.|Todevehp KARST's profile through
curating| |||||an exhibifion
programme
that identifies and| |||||sets intsmalional
agendas and trends within| |||||contemporary
art practice.| ||||6.|Tooperate as an imporlant
and essenrial| |||||example ofa contemporary
visual eris| |||||iniliabve principally
in the South West of| |||||England.| ||||7.|Toexist and operate as an independent,
artist| ||||8.|led visual arts project space.
Toopen and maintain a bank account or bank| |||||accounts in the name ofthe Charity.| ||||9.|Toenter into agreement
with artists, curstors,| |||||writers, galleries and other creative| |||||contributors.| ||||10.|Toemploy and remunerate
such staff as are| |||||necessary forthe carrying out ofthe work of| |||||the Charity. The Charity may employ or| |||||remunerate
adirector only tothe extent it is| |||||permitted todosoby these arbdes and| |||||provided
itcomprise with the conditions of| ||||11.|arfide 49(2).
Subject to such consents as msy be required| |||||by law, to purchase, take on lease or in| |||||exchange,
hire or otherwise
acquire sny real| |||||or personal
property and any rights or| |||||privileges
which the Charity may think| |||||necessary for the promofion ofils objects;| |||||and to consbuct,
maintain
and alter any| |||||buildings
orerscbons necessary forthe work| |||||ofthe Charity.| ||||12.|Toundertake
snd execute any charitable| |||||trusts which may lswi'ufiy be underlaken
by| |||||the Charity and may be necessary for its| |||||objectives.| ||||13.|Subject to such consents ss may be required| |||||law, lo sell, let, mort
e,dis
ofor| ||||||turn to account sll or any ofthe property or| |---|---|---|---|---|---| ||||||assets ofthe Charity as may be thought| ||||||necessary forthe proinotion
ofits objectives.| ||||||In exercising this power, the Charity must| ||||||comply, as appropriate,
with sections 117and| ||||||122ChariTies Act2011.| ||||||14. Subject to such consents as may be required| ||||||by law, to bonow or mise money for the| ||||||purposes ofthe Charity on such terms and on| ||||||such security as may be thought fit. The| ||||||Charity must comply as appropriate,
with| ||||||secfions 124to 126ChanTies Act2011 if it| ||||||wishes to mortgage
land.| ||||||15. To invest the monies ofthe Chariiy not| ||||||immediately
required for iis purposes
in or| ||||||upon such investments,
securities or property| ||||||as may be thought
lit, subject nevertheless
to| ||||||such conditions
(ifany) and such consenis (if| ||||||any) as may forthe fime being be imposed
or| ||||||required
by law and subject also as| ||||||hereinafter
provided.| ||||||16. Toestablish
and support or aid in the| ||||||establishment
and support ofany charitable| ||||||Companies
or institutions
and to subscribe or| ||||||guarantee
money for charitable
purposes
in| ||||||any wsy connected
with the purposes ofthe| ||||||Charity or calculated to further fis objecbves| ||||||(to acquire, merge with orto enter into any| ||||||partnership
orjoint venture arrangement
with| ||||||any other charily).| ||||||17. Todo all such other lawful things as shall| ||||||further any or all ofthe above objectives.| ||||||18. To procure tobe written,
printed,
published| ||||||and issued gratuitously
or otherwise such| ||||||papers. books, pamphlets
orother documents| ||||||as shall further the above objectives.| ||||||19. To pay out ofthe funds ofthe Charity the| ||||||costs offorming and registering
the Charity| ||||||as a charity.| |Summary
activities||ofthe main
in relation tothose||Para 1.17and
1.19|The reason for which the Charity is established
is
to advance the arts for public benefit by the| |purposes||for the public|||promotion
and education,
in particular
but not| |benefit,|in particular,||the||exclusively,
ofcontemporary
art forthe benefit of| |activities,||projects or|services||the public.
Italso establishes
outreach projects| |identTiied||in the accounts.|||in order to harness
further engagement
with local| ||||||communities
to promote art and to advance| ||||||education
in the arts forthe benefit ofthe public| ||||||by the establishment
and maintenance
ofan art| ||||||gallery, artist studios and project space.| ||||||KARST gafiary delivers regional,
national and| ||||||international
cutting edge contemporary
art| ||||||exhibitions
and event projects, afi offering a| ||||||variety ofartisbc content and audience| ||||||engagement
We curate and deliver high profile| ||||||on and off-site exhibitions
&project work with| ||||||ambitious,
experimental
international
artists &| ||||||curators to programme
challenging,
critically| ||||||engaging
work.| ||||||KARST studio complex provides a creative hub| ||||||for local arfists who are in varying stages of their| ||||||careers, ranging
from graduate,
emerging,
rnid,| ||||||and established
arbsts, to promote and develop| ||||||their creative and professional
practica for a| |minimum
ofa six-month
period.
Studios provide|minimum
ofa six-month
period.
Studios provide| |---|---| |afkxdable space for up toeighteen
local|| |contemporary
visual artists; delivering aseries|of| |crits every four months, and new digital critiques|| |with other UK studio spaces. The studios|| |operate asa collective ofambitious
artists, with|| |an ethos to share knowledge,
skills &
opportunibes. ~io artists have worked
&|| |exhibited
regionally,
nationally
&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.KIND, graduate
artist residency
with Bath|| |Spa Univemity
and Arts University
Plymouth
and|| |KARST gailery programme
artists.|| |Test Space - a programme
strand that utilised|| |the gallery space between exhibitions
with fast|| |tum around 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/IntemshipsA/olunteer
—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|&| |worked
in partnership
with Plymouth
Culture|| |(PC), The Box, Plymouth
City Council (PCC),|| |Arts University
Plymouth
(AUP), University of|| |Plymouth
(UoP), Milllields
Inspired and the city|| |NPO Stakeholder
Group to capitalise on cross-|| |city exhibition
programming
to ensure increased|| |capacity, develop audiences,
promote cohesion|| |&extend outreach
&engagement.|| |National
Partnerships
-KARST collaborates
with|| |regional and national
programme
partners
for|| |both studios and exhibitions.
KARST|| |collaborated
and worked
in partnership
with|| |Hayward
Gallery Toudng (Southbank
Centre),|| |Outlands
Network, Studio.KIND (North Devon),|| |Bath Spa University,
Phoenix Art Space|| |(Brighton), Abingdon
Studios (Blackpool)|| |Southwark
Park Galleries (London) and The|| |Bluecoat (Liverpool).|| ## ||||||KARST operates asa fully-functioning,
physically|KARST operates asa fully-functioning,
physically| |---|---|---|---|---|---|---| |Summary ofthe main
achievements
ofthe charity,
identifying
the difference the
charity's work has made to
the circumstances
ofits
beneficiaries
and any wider
benefits to society asa
whole.||||Para 1.20|accessible, secure, welcoming
and
environmentally-responsible
cultural space.
Creating conditions to retain and attract the
highest level artists, increase commissioning
opportunities,
increase audience numbers
and
participation
opportunities,
increase income
generation
opportunities,
enhance our profile and
attract private investors.|| ||||||Gallery Programme|| ||||||We delivered the following projects:|| ||||||Re-Imagine
Our City Centre'
(HAZ), Apr 22to|| ||||||Mar 23 - Two commissions
with Plymouth|| ||||||Culture and in partnership
with Take A Part and|| ||||||PRIMEdesign
(young people from Prime|| ||||||Skatepark
relating to skateboardings
visual|| ||||||culture and how they define their identity
in visual|| ||||||form). Commission 1:Chris Alton, The Slabs|| ||||||Whistle Beneath My Feet (complete).|| ||||||Commissicn 2:Dani Abulhawa
&Bedir Bekar,|| ||||||Dril Tricks (Spring. KARST hosted 12|| ||||||workshops
in total, induding
artists for both|| ||||||commissions as well as Sue Lewry (collage x3)|| ||||||and Vicky Putler (printmaking
x3),Common|| ||||||Sense (screenprint x3)and zine making
(Alan|| ||||||Qualtrough
(x3) Both the art commissions
and|| ||||||workshop
artists were selected by the skaters|as| ||||||part ofthe co-design process. Each artist|| ||||||workshop session worked with between 8to 14|| ||||||skaters.
Ongoing.|| ||||||KARST (founding
partner} and OUTLANDS, Apr|| ||||||22to Mar 23 - National
programme
work, a|| ||||||National
Experimental
Music Touring
Network|| ||||||made up ofpartners across the UK dedicated to|| ||||||commissioning
art and experimental
music|| ||||||crossover.
Ongoing.|| ||||||British Council Arts Digital Collaboration
Fund|| ||||||project. Feb 2023to Mar 2023 - Research the|| ||||||development
ofa collaborative
digital platform|| ||||||that aims to preserve and interpret
Highlife's|| ||||||legacy, reinventing
itfora new generation
of|| ||||||musicians
and Audierees
in Ghana and|| ||||||internationally.
Larry Achiampong,
to interview|| ||||||15musicians
and tum
it into a podcast series|| ||||||that widens the understanding
and awareness|of| ||||||Highlife both within Ghana and internationally.|| ||||||The podcasts
will also create archival benefits by|| ||||||capturing
the voices of Highlife musicians
for|| ||||||future generafions
oflisteners,
historians
and|| ||||||researchers.
Ongoing.|| |Euphrosyne
Andrews: Soft Edges, Draw Close|| |---|---| |exhibition and public sculpture,
Apr 2022to May|| |2023 - Taking the curtain as a central metaphor,|| |both the exhibition and public sculpture
explore|| |the ways materials
frame our experience of|| |domestic and public spaces. Project also|| |included a Euphrosyne
Andrews: Public Book|| |Launch, 5th May 2023.|| |Kevin Hunt: (lowkey) KARST studio residency,|| |4th Apr - 30th May 2022 -KARST in|| |collaboration
with AUP/MIRROR
and the Make|| |Work With Us programme,
to produce
new works|| |for exhibition at KARST in June 2023.|| |6th Jun - 10th 2022 (Test Space) Arts University|| |Plymouth -Annual
durational
Test Space;|| |Second year BA(Hone) Fine Art; 17students|| |test creative practice within the gallery,|| |supported
by staff, technicians
and lecturers.|| |Open tothe public event 10th Jun 2022.|| |Kevin Hunt: (lowkey) exhibition, Jun 30-Aug|| |2022. Kevin's first solo exhibition
and brings|| |together several strands ofhis practice in a|| |gallery setting forthe very first time. Major new|| |bodies ofwork (induding
wall-based
sculpture,|| |architectural
intervention
and small functional|| |objects) rooted in his lived-experiences
and|| |interactions
within
municipal
post-war|| |architecture
are explored from a Queer|| |perspective.|| |TestSpace, Studio 2, Graduate
Residency artists|| |Ashanti
Hare (AUP) and Mitzi Dabrowski (BSU),|| |tested their work in the galiery, 20th-24th Feb,|| |followed by a public presentation
oftheir work|| |Recorded Offenngs, on 25th Feb 23.|| |British Art Show 9(BAS9) national touring|| |exhibition,
7th Oct - 23rd Dec22. British Art|| |Show isa landmark
touring
exhibition that|| |celebrates the vitality ofrecent art made
in|| |Britain. British Art Show 9 explores three|| |important themes —healing, care and reparative|| |history; tacfics for togetherness;
and imagining|| |new futures. BAS9 was curated by Irene|| |Aristizabal
and Hammed
Nasar, and presented|in| |partnership
with the cities of Aberdeen,|| |Wolverhampton,
Manchester,
and Plymouth.|In| |Plymouth, 37 different artists presented
their|| |work across four different venues: KARST„The|| |Box,The Levinsky Gallery atthe University
of|| |Plymouth
and MIRROR atthe Arts University|| |Plymouth.
Entry tothe exhibition was free.|| |Sonic Faction Sound Event, 4th-11th Feb 2023.|| |The Sonic Faction sound
inslallation
features|| |three diverse audio essays: Kode9's 'Astro-|| |Dailen' (2022), Justin Barton and Mark Fisher's| |---| |'On Vanishing
Land' (2006),and Robin Mackay's| |'Bythe North Sea' (2021).| |Artist Studios| |In 2022, we transformed
an industrial
unit under| |KARST, into additional
affordable studios, taking| |our studio provision
from 8to 18artists; studio| |programme
will benefit from the increased| |diversity ofartists, skills, knowledge
and| |opportunities
within the studios and create more| |dynamic
relationships
with a wider range of local,| |regional and UK partners toextend opportunities| |and networks.| |KARST currently
hosts eighteen artists working| |within iis studios. The studio complex at KARST| |provides a creative hub for local artists to| |promote and develop their creative and| |professional
practice, by oil'ering:| |~
One to one critiques and group talks with| |KARST gallery exhibition artists and| |curatom; offered to studio artists| |~
The studio artists use studio collective to| |share knowledge,
discuss methods of| |collaboralion
and use time to cngcally| |engage with each other's practice.| |~
Graduate residents and interns
are| |regularly
invited to critique their work at| |KARST, with studio artists.| |BAS9 - KARST Studio Artists Fringe Exhibition,| |7th to29th Oct, opened alongside BAS9(Thurs-| |Sat).| |We have also developed
partnerships
with| |Phoenix Art Space (Brighton), Abingdon
studios| |(Blackpool), Studio.KIND (North Devon), Harbour| |House (Kingsbridge)
and Brighton University.| |KARST x KIND annual commission. Selected| |KARST studio hokler, Anna Boland, Iirst solo| |exhibition: SPY-nul, 25th Mar - 15th Apr 23at| |Studio KIND. Online Grits between
KARST| |Studio Artists and Abingdon
Studios (Blackpool),| |June 22,6studio artists. 1:1Studio Visits from| |Amy Dickson, Jul and Sept 22, with 9KARST| |Studio Holders.
University ofBrighton, KARST| |Head ofProgramme
lecture and 1:1Studio Grits| |and with 5BAfine art students.| |Studio Residency Programme| |KARST and CAMP annual
Studio Residency-| |Arhst, Donna Mitchell. 1stJun - 31stJul 22.| |research studio space and time to expand artist| |practice; artist fee; mid point sharing event;| |mentoring
and support.
Micro sharing event 2nd| |---| |July 22.| |KARST and Studio KIND. annual
Studio| |Residency,
12th-28th Sept 2022- Two week| |residency
with Studio KIND. Selected artist Kirsy| |Hams.| |KARST Graduate
Artists
in Studio 2Residency| |with Aris University
Plymouth
(AUP) & Bath Spa| |University
(BSU),1st Oct 22 -31stMar 2023-| |Annual
residency
with alumni graduates
from| |Arts University
Plymouth
(AUP) &Bath Spa| |University.
Selected graduate
artists were| |Ashanti
Hare (AUP) and Mitzi Dabrowski (BSU).| |Both residents were offered the opportunity
of| |paid work with artists from British Art Show 9.| |Ashanti and Mitzi produced a significant
body of| |research studio work and were offered the| |opportunity
totest and present their work in the| |gallery, Recorded Olferings, Feb23.| |Engagement
and Outreach| |Fenster Space| |During this period,
in collaboration
with Take A| |Part, Milllields
Inspired and local and national| |argsts and artist facilitators, we delivered 6| |PRIMEdesign skater workshops.
In total working| |with over 80children, ages 9-12.| |BASS —KARST hosted talks, events and| |outreach activities included:| |KARST head ofProgramme
Bitesize talks,| |offering a perspective
on Brg/sh Art Show 9and| |the works on display
in the gallery, Oct/Nov.| |Audiences
in excess of30.| |KARST ran an Artists in Schools programme
as| |part ofBAS9, in partnership
with The Boxand in| |collaboration
with Millfields Inspired. and worked| |with 6local primary schools, delivering
12| |workshops
and 2 Private View events, working| |with over 180children, ages 9-11.| |KARST and CAMP organised aseries of one-to-| |one crits with British Art Show 9exhibiting
artists,| |Caroline Walker,
Hannah
Tuulikki,
Abigail| |Renoylds,
Mandy El Sayegh, Hardeep
Pandhal| |and Than Hussein-Clark
for Plymouth,
Devon &| |Comwall-based
artists, BAS9artists had crits| |with 36regional artists, at KARST.| |FLOCK facilitated BAS9Printmaking
and Video| |Editing workshops
with Devon &Comwall| |Refugee Services and Devon Ukrainian| |Association
community
groups, working
with 24| |participants
in total.| |BAS9Artist Talks at KARST, included
artists| |---| |Mandy El Sayegh and Hardeep Pandhal| |discussing
their work, engaging
with 4 people| |across both sessions.| |Plain Speaking Tours, Crazy Glue (TAP) Tours| |at KARSTforthe public to discuss contemporary| |art, working
with 23 participants
across two| |sessions.| |We recognise the location ofKARST and the| |importance ofbeing an integral part ofour| |community.
Stonehouse
is an area ofsignificant| |social and economic deprivation
sowe are| |developing
Voices' a new learning
and| |engagement
pilot project, to develop a series of
~igned,
co-created and co-produoed,| |community-led
acbvities shaped
by our creative| |programme.| |Project Assistant/fntemships/Volunteer| |KARST developed a new programme
framework,| |totest and review in-house support mechanisms.| |We worked with 4project assistants
(paid), and 5| |volunteers
during this period.| |We continue to play a key strategic role within| |Plymouth
and will continue to work 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 9National
Group and| |City Groups,
Plymouth
Culture (PC),The Box,| |Arts University
Plymouth
(AUP), Plymouth| |University
(PU), Plymouth
City Council (PCC),| |Plymouth
City NPO/Key
Stakehokler
Group and| |Plymouth
Cultural
Educational
Partnership| |(PCEP).| ## |Financial
Review|Financial
Review|||| |---|---|---|---|---| |Review ofthe charity's
financial position at the end
ofthe period||Para 121|The Charity is inagood financial position.
We
have secured Funding
from Arts Council England
National
Portfolio Organisa5on
grants 2018-
2022. This ensures the charity has operational|| ||||funds to continue to operate securely forthe|| ||||foreseeable future.|| |Statement
explaining
the
policy for holding reserves
stating why they are held|||As ofthe 1stApr 2022we hekt E30Kreserves.
It
is company
policy to maintain sulcient funds to
cover 3months operational costs and to deliver
the current
ramme ofwork.|| |Amount ofreserves held||Para 122|E30K|| |Reasons for holding zero||Para 1.22||| |reserves||||| |Details offund materially
deficit|in|Para 1.24|None ofthe charity's funds atthe end ofthe
financial year were in deficit.|| |Explanation
ofany
uncertainties
about the
concern||Para 1.23|There are no uncertainties
about the charity
moving forward asa going concern.|| |charity continuing as a going||||| |Additional
information|(optional)|||| |You ma
choose toinclude further statements|||where relevant about|| ||||Arts Council England
National
Portfolio|| ||||Organisation
funding.|| |The charity's
principal
sources offunds (induding||Para 1.47|Earned
Income:
Studio hire and gallery hire.
Other grant income:
Creative Programme.|| |any fundraising)||||| |Investment
policy and
objectives including
any||Para 1A6||| |social investment
policy||||| |adopted||||| |Adescription
ofthe principal||Para 1A6||| |risks facing the charity||||| |Other||||| ## |Structure, Govern|ance|and Ilanag|ement||||| |---|---|---|---|---|---|---|---| |Description ofcharity's|||||||| |trusts:|||||||| |Type of governing
document
trust de1xj, ro al charter||Para 125|Memorandum
8 Articles ofAssociation
KARST|||of|| |How isthe charity||Para 1&5|Charity Umited by Guarantee||||| |constituted?|||||||| |(e.g unincorporated|||||||| |association,
ClO|||||||| |Trustee selection methods||Para 1.25|Appointed
-Executive Director and Trustees||||will| |including
details ofany
constitutional
provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|||look to appoint a new trustee when a specific
area ofexpertise is required
and/or when a
person is recognised tobe ofsignificant benefit
to KARST and its core aims and objectives.
Executive Director and Trustees
will make a
named recommendation
at pmgrammed
KARST
Board Meetings.||||| |Additional
information|(optional)||||||| |You ma
choose to include further statemenis|||where relevant about:||||| |Policies and procedures
adopted forthe induction|and|Para 1.51|||||| |training oftrustees|||||||| |The charity's organisational
structure
and any wider||Para 1.51|||||| |network
with which the|||||||| |charity works|||||||| |Relationship
with any related||Para 1.51|||||| |parties|||||||| |Other|||||||| ## ## |mes|ofthe cha|rity trust|ees who manage|the charity|| |---|---|---|---|---|---| ||||||Name of| ||||||person (or| ||||Ollice (ifany)|Dates acted ifnot for
whole year|body)
entitled to
appoint| ||||||trustee (if| ||||||a| |1|Nicholas Buckland||||| |2|Mark Cotton||||| |3|Azza Gasim||||| |4|Wes Gilpin||||| |5|Christy Johnson||||| |6|Alan Qualtrough||||| |7|Merrydith|Russell|||| |8|Tom Sleman||||| |9|||||| |10|||||| |11|||||| |12|||||| |13|||||| |14|||||| |15|||||| |16|||||| |17|||||| |18|||||| |19|||||| |20|||||| |Desaiption ofthe assets||N/A| |---|---|---| |held in this capacity||| |Name and objects ofthe||N/A| |charity on whose behalf|the|| |assets are held and hcw|this|| |falls within the custodian||| |charity's objects||| |Details ofarrangements|for|| |safe custody and||| |segregation
ofsuch assets||| |from the charity's
own assets||| ## |Type ofadviser|Name|Address|||| |---|---|---|---|---|---| |Accountancy|Luke Hardacre|Precise Accountants
Ltd, Unit 6Brooklands,
Road, Pl
outh, Devon, PL65XR|||Budshead| |Banking and|Branch Manager|Natwest,|14Old Town Street, Plymouth,|PL11DG|| |Finance|||||| ## ## ##