ART360 FOUNDATIO Compani. limited by guarantee CompanTr Registration Nutnber: 09010886 Mgland and Wales) Unaudited statutorv aecollnls for Ihe >'ear ended 31 December 2023 Period of accounts Slart dste: l January 2023 End date: 31 December 2023
ART360 FOUNDATIO Contellls of the Fln¥neial Ststements ror tht Perlod Endtd 31 Dettmber 2023 nal n
ART360 FOUNDATIO Dlr¢eiors' rert perlod 31 Detember 202J Th¢ directors pr¢S¢ th¢ir r¢port wiib th¢ finaDcial sratemenrs of th¢ cofflpany forthe ttriod ¢nd¢d 31 December 2023 Prffintlpal ittlwltles of thè tompaknv The Trugiees have Lomplied ¥¥ith iheir duty 10 knve th)e 2#1 io the wdan¢e on publie benefil by Ihe Chariry Commissio includingthe guidance'Public Benefit.. Running a Charitv IPB?). ID exvcising their powers and duties. The main aciivities und¢naken to furth¢rth¢ charity's pu$¢5 for the publi¢ b¢r.efJt ar¢ 8r.ivities d¢dicat ro th¢ physi1 and iTrllecnLal pres¢rva¢ion of the UK'S Lllliural heritag¥. artists. I¥DTk5 atKI archives arLrs&ible for Esent and futtLte Eenetaliuns. Tbe Foundation thampions a new and enC4)mpIll8 peNJecuve ort the %alueof visual an and artists to sttiery through public parricipauoth in education, exhibilioTrs. publications and res&qrch opportunilic& Additional information Diic to thc financial 5taius of thc Fourkdaiion snd ¢h3llcnging ¢xtcrn•l cnvyrvllmcnt in rc13tion io rnising fvnds. rhc Tryi$c51]Q deiemiiThed ihat the FouTMlaiion will noi be able 10 ioniirtue In operaiiort far more than a KE2T and cortsequentlv Ise 3ecouThis haN'e noi bceii prepared on ihe going ioncern basis AtLIÉO Foiindwion haJ I(sSed oil compleiing exi%iing projecis in 2023 as IL iiids it4.'ILtii.iiie% The Ft>iindatiun receiNed funding fTom the_4rL% C(TrunLiI UK for a pn)ject ralled Reci)Ilect that will provjdc Icn art1515 Thiih buT5anc5 to asS151 IhcJn wilh Ihc archilal of ihcir work.. In )U£4 il was a¥rccd with Ihc Art5 Coiincil Ihal th15 project and &ssoci&tid hjnds, transfcrrcd io D.4C5 w.ho wi."1 COiDplite ji. OTh diisolution, 8ny net osstts aftcr thi Lharirni s debts and liabilities have been paid. ill k distributed in actrdanCe w'ilh Clause 6 of An3(A) Aniclts ot Association io a Lharii>' wiib tor piirpose% %imilar to the ObjeLL% DT to a LIL11}. for partlLular puw. thai fRII under the Objeiiq Each Teiipient tLi b.pUke archii.al pro¥raminc, rcccii.cs practical SllPPOrt and consultation toHaTd5 archiTrir)s and Icgac%' plannin¥. which lakcs placc Dl'cr 12-monrh period wilh flexibilit). around 8iriviiies amd iimetrwnes. The of praciical sutvtsrt w'e ofter include.. Inveniory-biiildincF (.?ialoguing D31ab35¢ creation Jiicl irnpletnenla1ion.4n31oie. tilrn and iqdeo digiti53rioD Prodiiiiion ora d[entar) fjlin on she studio and aiLhive le_ndI) Letsdl iuljiultsriLiTh iexleniiali Dircctor5 The diTecloTS shown below have held otTice during the w"hDleof ihe peri(Ml J Jynuarv 2023 to 31 DeceThber 2Q23 Keir McLllirtne5$ Dawid Baichelor Conina ElllLler Rrnw (iinwcl Th¢ dirthlors shown b¢loM. haFe h¢ld during ihe P¢riLNlof l Jgnuarv 2023 to 4 August 20Z3 Sarnh Rose English Breiidaii Fiiiucane MelEinie Gerli H¢rnLan Leli¢ Sarah Matkenzie ark Stephen% The direeior showtt below has held otTice dltsg the perA(xI oi J 21b23 to 31 Decrmr 2023 Jonathan Rokrt G051ing Tlie above has been prtpared irt Ordanc¢ with the srttial pro¥i%ion% in prt 15 of Companie4 Act 2(K16 This rcpon ivas approved by the troaTd ofdireciorson 25 September 21124 And SiEnvd un behaifuf the bo8 by.. NAtnc: KElr MCGuiDD5 St*iU5: IAreetor
ART360 FOUNDATIO Profrt And Lo$$ A¢¢ounl ror tht Perlod Endtd 31 Decem1 21J23 2023 2022 Turnover.. 141.1122 166,465 Gross profitlor 1•$5): 141,022 166.465 Adininisiraiivc ¢xttnsC5.' (14&459) 1195.631 } Op¢r¥tin¥ profitlor 105$): 15.4.171 Profitl•r Ioss) before tg5: 15,43D 129,1661 Profitl•r10ss) for th¥ fiffl*nci81 year: 1S,4.17)
ART360 FOUNDATIO B¥l•n¢e sheet As 8131]kcembtr2023 2023 2022 Currttrt s$eL% tkbiors". 24,962 27,585 Cd%h dl bunk and In hand.. iOJ.PJ4 111,089 Total Crrent a55ets: 128.756 138,674 Creditots.. amoullts falling due within one year. 501 110.5301 Net turrent assets Illabllfitles): 122.706 128,144 Total #55¢t5 1¢$5 ¥urr¢nt liabilitics: 122.706 128.144 Total rt asseis Iliablllliesl: 122,7D6 128,144 Members. fuDds Protil and loss accounL' 122,706 128.144 Total rnembers, funds: 122,706 128,144 The nol&s ti)rJn p3rt of these fiCial statements
ART360 FOUNDATIO B¥lante sheet s¢temeDts FciT the yedr endin¥ 31 tkcemheT 2fl21 Th¢ cornpatry entitled ex¢mption und¢r5eclioi) 477 of the Cotnpllni Aci 2fj4 r¢lating to small wrnpani¢s. Thc nicmbct8 liavc rcgujrd Ihc LLHlJFEllly Iv ulmain In accotdanlc '1th %eLIii)tb 47fi vcihc CompaniTh ALt 21kn. The directots aLknowledge their rL]K)Dsibilitie& for co]nplyi]g with the wuireTJhthts of the.4it with SpeCt to atcountinE retord attd thc ptCP8ration of accounts. Th¢s¢ acLouDts hale bten prepared and delivered iTh accordaw¢ wilh the prowisioDS applicable to Comtkgnj subjeLt io the bmall ¢omparties regim¢. This rEport approved bty rbe board of dlrctthrs 25 Stpitmbtr 2024 and signed Dll behalf ofthe knard bi= Name". Keir McGuinness Status.. Direcior The noles fotm part ofthe5e financial stslernen15
ART360 FOUNDATIO Notes to the Fingneil Sl•tements ror tht Perlod Endtd 31 Dettmber 2023 l. Accoiinting policies Ba5l5 oliii¢a$iiTfflltNt prryaratioi These financial slaleTnent5 hav¢ b¢¢n prtPad in accordaJJc¢ with th¢ provision5 ofs¢rtion IA (Small EDtiliesl of Financi ReportiL8 Ststtdard 102 othcr ac¢oTAntiDg policicg Arcoiinling ¢onvcntio Ttie linancial slatenKnt5 have betn pr¢par¢d in airordance with the charitable comwiy's m¢rnorJndum and artille> of a55fviaiion. th¢ Charities Act 2011 aTd" ALLoUntin7 3nd Reprting hy ChaTitie_%- SrJt¢TThent of ke£iHntn¢ixied PrArtILY-.4ccDuntiii&i and Rcporti by ('haritics ISORP IFRS IO•I, SLcond cdition issucd in January •0191" Ihc FInala1 Rcporting Standd 3pplicablc In th UK and Republic ot Ireland IFRS 10?) and the COmnieS Aer 2(M)6. The ihanTh' meets the definition of a public benefil eniiiy under FRS 102. As5¢ts and liabilities ar¢ initially rtsognised at historical cosl or trdn5action value unless otherwise Stsled in the r¢levanl dLLountin¥ pi)IiLy notes. GOINO CONCERN Due tv tli¢ financidl itatu% c)f the Foundatii?n and the challenqng external eni'itDll]nent in lati()n to Tai.4in&i funds. the TtU%ke% dr¢ not ccrta1n rhai Ihc Foiindaiion .111 bc ablc 10 continuc In OPLTaiJoty for morc Ihan a ycar and coiisequciiilv ihcsc accounts havc noi been prepJr¢d on the going coacern basis. COMPANY STATUS The cornpany is a company lirniled bv guaraniee. The Desien and Arnisr5 C-opjrigbi Socieiy is ik ojily meniber ot'tht company. Ihe evenl of Ihe being Wourtd up, ihe liabiiily in SpeLl ofthe <iuaraniee is li]niied io £10 per tDemET olthe eornpany. FUND ACCOUNTING General tiinds are UnTLslricied funds whiih are a%ailable foT Use ai the distreiion of the Truskes in furthetante of the genernl ubjcLlive.% of the dnd which hae nui tmi fur uihcr purtNA. Restricied fimds are funds wbich are lo k used in accordance with specific restriciioos by donors or w.Ch hai'e been raised by Ilie cotnpany tor p3rtiiular ptsrpises_ The aim and use of each restTicied fllt is sel OLLI in the notes kn the finarKial 5taiemenls. INCOME All Inion is included in the Sthtetnent ot-FinanLial Aitivilies when ihe conjpany has entitlemeni to the tunds certainly ofTeLeipt nd the amount can be mea%ured wilh %urTILJent reliabilily. Wh¢r¢ s¢rvi¢e5 ar¢ pro¥id¢d to th¢ FouT)dation as a doDalion thal would DQYTnallv k pUha5¢d fTOm suppIi¢T5, tbi5 conblIon 15 Incliided its (he tinanLial si8rements as an esiimate based on Ihe value olthe conirit4Ltiotb 10 (he Foutmtsiion. EXPENDITURE Expenditure is accounied for on art aecn*ls basis and has beth included utmier expense categories thai aggregate all costs for all{ali0 io alliviiies. Where io%Ls Lantx)I b¢ dire£ily altribcl to Partul8r a)lli¢S thal have been a]locat¢d on a b&%is )L%)stent iih the of resourcts. Governan¥e costs are those itscurred in to]JJieciiort with compliance w4th COJJStiiUliona] attd aaiuiory wuirements. Expenditu ib inclii%ive of irrec()v¢rdble VAT where applicable.
ART360 FOUNDATIO Notes to the Fingnei*l Sl•tements ror tht Perlod Endtd 31 Dettmber 2023 2. Emploveeg 2023 2022 Average nutnber tsf employees durithg the peri(Kl
ART360 FOUNDATIO Notes to the Fingnei*l Sl•tements ror tht Perlod Endtd 31 Dettmber 2023 -7. Debtor5 2023 2022 Trade (kbto 269 ppaYMeL5 and aCCTued itKome 24,693 Total 24.9fi2 27.585
ART360 FOUNDATIO Notes to the Fingnei*l Sl•tements ror tht Perlod Endtd 31 Dettmber 2023 4. C.reditor5- a]]]ount5 fallig due wilhin year note 2023 2022 Trade Lrediiors 6.11511 7.725 ALctual% dnd defetttd incorne 2,805 Tolaj 6.050 10.530
This documeni Jelii'ered using elecirninic ci)nimunic¥rivns aNI auikiiiicaied in accordance wilh lh¢ Tegis1Ta¢s rules relaiingp Il} clcctronic forni. authcntication and tnaJllKf of dcliTrcry tcl scctiotl 107? of thc CotJwaDics Act 2(K)O.