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' re￿rt 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￿$¢5 for the publi¢ b¢r.efJt ar¢ 8r.ivities d¢dicat￿ ro th¢ physi￿1 and iTr*llecnLal pres¢rva¢ion of the UK'S Lllliural heritag¥. artists. I¥DTk5 atKI archives arLrs&ible for ￿Esent and futtLte Eenetaliuns. Tbe Foundation thampions a new and enC4)mp￿Ill8 peNJecuve ort the %alueof visual an and artists to sttiery through public parricipauoth in education, exhibilioTrs. publications and res&qrch opportunilic& Additional information Diic to thc financial 5taius of thc Fourkdaiion snd ¢h3llcnging ¢xtcrn•l cnvyrvllmcnt in rc13tion io rnising fvnds. rhc Tryi$￿c51]￿Q deiemiiThed ihat the FouTMlaiion will noi be able 10 ioniirtue In operaiiort far more than a KE2T and cortsequentlv I￿se 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 act￿rdanCe w'ilh Clause 6 of An3(A) Aniclts ot Association io a Lharii>' wiib tor piirpose% %imilar to the ObjeLL% DT to a LIL￿11}. 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.4n31o￿ie. tilrn and iqdeo digiti53rioD Prodiiiiion ora d￿￿[￿entar) fjlin on she studio and aiLhive le_￿n￿dI) 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 d￿ltsg the perA(xI oi J 21b23 to 31 Decrm￿r 2023 Jonathan Rokrt G051ing Tlie above has been prtpared irt ￿￿Ordanc¢ with the srttial pro¥i%ion% in p*rt 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 MCGuiDD￿5 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 C￿rrent 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¢$5 ¥urr¢nt liabilitics: 122.706 128.144 Total r*t asseis Iliablllliesl: 122,7D6 128,144 Members. fuDds Protil and loss accounL' 122,706 128.144 Total rnembers, funds: 122,706 128,144 The nol&s ti)rJn p3rt of these fi￿Cial statements ART360 FOUNDATIO B¥lante sheet s¢*temeDts FciT the yedr endin¥ 31 tkcemheT 2fl21 Th¢ cornpatry entitled ￿ ex¢mption und¢r5eclioi) 477 of the Cotnpllni￿ Aci 2fj￿4 r¢lating to small wrnpani¢s. Thc nicmbct8 liavc rcgujrd Ihc LLHlJFEllly Iv ulmain In accotdanlc ￿'1th %eLIii)tb 47fi vcihc CompaniTh ALt 21kn. The directots aLknowledge their rL*]K)Dsibilitie& for co]nplyi]g with the wuireTJhthts of the.4it with ￿SpeCt to atcountinE retord attd thc ptCP8ration of accounts. Th¢s¢ acLouDts hale bten prepared and delivered iTh accordaw¢ wilh the prowisioDS applicable to Comtkgnj￿ subjeLt io the bmall ¢omparties regim¢. This rEport approved bty rbe board of dlrctthrs 25 Stpitmbtr 2024 and signed Dll behalf ofthe knard bi= Name". Keir McGuinness Status.. Direcior The noles fotm part ofthe5e financial stslernen15 ART360 FOUNDATIO Notes to the Fingnei*l Sl•tements ror tht Perlod Endtd 31 Dettmber 2023 l. Accoiinting policies Ba5l5 oliii¢a$iiTfflltNt prryaratioi These financial slaleTnent5 hav¢ b¢¢n prtPa￿d 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" ALLoUntin￿7 3nd Rep￿rting 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 FIna￿la1 Rcporting Stand￿d 3pplicablc In th UK and Republic ot Ireland IFRS 10?) and the COm￿nieS 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