## **`CONTEMPORARY ARTS TRUST`**
```
REPORT & FINANCIAL STATEMENTS
For the year ended 31 MARCH 2024
```
```
Registered charity No 1168806
```
## **`CONTEMPORARY ARTS TRUST`**
```
34 Shaftesbury Way, Strawberry Hill, London, TW2 5RP
```
```
Registered charity No 1168806
```
## **`TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024`**
```
The Trustees present their report and accounts for the year ended 31 March 2024.
```
```
The Accounts have been prepared in accordance with the accounting
policies set out in Note 1 to the accounts and comply with the Trust's governing
document, the Charities (Accounts and Reports) Regulations 2008 and the
Charities Act 2011.
```
## **`Structure, governance and management`**
```
The Trust was established as a charitable incorporated organisation by
it's foundation constitution dated 17th August, 2016.
```
```
The trustees who served in the period were:
```
```
Malcolm Taylor(Chairman)
Jessica Franses(Vice-Chairman)
Andrew Stahl
```
```
Trustees are selected and appointed by the Trustee Board.
```
```
There are no related parties that require disclosure during the period.
```
```
The Trustees have assessed the major risks to which the trust is exposed,
and are satisfied that the systems are in place to mitigate exposure to major risks.
```
## **`Objectives and activities`**
```
The Trust's objectives are to promote, maintain, improve and advance education in
the Arts generally, for the benefit of the public and in particular, to achieve
these ends by:
```
```
a)-the encouragement of sculpture, painting, drawing, design, lithography, print
making, graphics, poetry, literature, film, photography and music
```
```
and;
```
```
b) the advancement of skill and craftsmanship therein
```
```
The Trust furthers it's charitable purposes principally through the making of awards to
appropriate individuals or organisations.
```
```
The trustees have paid due regard to guidance issued by the Charities Commission
in deciding what activities the trust should undertake.
```
## **`Achievements and performance`**
```
During the year, the Trust has continued to market the charity with a view to increasing
the number and level of donations. This work continues.
```
```
The Trust has worked to identify exhibitions where emerging artists were presenting
their work and, where suitable candidates were identified, awards were duly made with
the aim of encouraging those artists to continue with their endeavours.
```
```
The Trustees did not award any Prizes this year.
```
```
Further suitable exhibitions have been identified and we hope to make further awards
during the coming year.
```
## **`Financial Review`**
```
The results for the period and details of awards made (if any) are shown in the annexed
accounts which are prepared on a receipts and payments basis.
```
```
Cash reserves at the year end amounted to £39,876 (2023 £40,169) - all related to
unrestricted funds. It is the policy of the Trustees that the unrestricted funds be
carried forward to fund a programme of awards whilst the fund-raising activities of the
Trust continue to gather pace.
```
```
For the board of Trustees:
```
```
M Taylor
```
```
Date: 20-12-2024
```
## **`CONTEMPORARY ARTS TRUST`**
## **`Statement of financial activities Including Income and expenditure Account`**
|**`YEAR ENDED 31 MARCH 2024`**
**`Notes`**
**`Income`**
`Incoming resources from generated funds`
**`2`**
`Incoming resources from charitable activities`
**`3`**
**`Total Incoming resources`**
**`Resources expended`**
`Charitable activities`
**`5`**
`Overheads`
**`4`**
`Governance costs`
**`Total resources expenses`**
**`Net income for the year`**
`Net movements in funds`
`B/F Fund balances as at 1 April (2022 and 2023)`
`Fund balances as at 31 March (2023 and 2024)`
**`6`**|**`2024`**
**`2023`**
`£`
`£`
`-`
`-`|
|---|---|
||`-`
`-`|
||`224`
`224`|
||`224`
`224`|
||`-`
`-`
`517`
`698`|
||`517`
`698`
`-`
`-`|
||`517`
`698`|
||`293`
`-`
`474`
`-`
`40,169`
`40,643`|
||`39,876`
`40,169`|
**----- Start of picture text -----**
CONTEMPORARY ARTS TRUST
Statement of assets and liabilities
As at 31 March 2024
2024 2023
£ £
Fixed Assets - -
Current Assets
Total cash at bank and in hand 39,875 40,169
Total Net assets less current liabilities 39,875 40,169
Income Funds
Unrestricted Funds 39,875 40,169
**----- End of picture text -----**
```
The accounts were approved by the Trustees
```
```
For the board of Trustees:
```
```
M Taylor
```
```
Date: 20-12-2024
```
## **`CONTEMPORARY ARTS TRUST`**
## **`NOTES TO THE ACCOUNTS`**
## **`AS AT 31 MARCH 2024`**
## **`1 Accounting Policies - basis of preparation`**
```
The Accounts have been prepared under the historical cost convention
```
```
using the receipts and payments method. The accounts have been prepared in accordance
with applicable accounting standards, The Charities (Accounts and Reports)
Regulations 2008 and The Charities Act 2011.
```
0
|**`2 Investment Income`**
`Interest receivable`
**`3 Income resources from charitable activities`**
`Fund raising events`
`Gift aid recoveries`
`Subscriptions and Donations`
**`4 Total resources expended charitable activitie`**
`Governance and marketing costs`
**`5 Grants payables`**
`Awards and prizes`
`Other grants`
`Grants and bursaries paid`|**`2024`**
**`£`**
`-`
`-`
`-`
`224`
`224`
**`s`**
`517`
`-`
`-`
`-`
`-`|**`2023`**
**`£`**
`-`
`-`
`-`
`224`|
|---|---|---|
|||`224`|
|||`698`|
|||`-`
`-`
`-`|
|||`-`|
## **`6 Trustees`**
```
None of the Trustees(or any persons connected with them) received
any remuneration or expense reimbursement
```
## **`7 Employees`**
```
There were no employees during the year
```
```
8The Trustees confirm in accordance with the Charitable Incorporated
Organisations (General) Regulations 2012 that at the year end the charity did
not have any outstanding guarantees to third parties nor any debts secured on
assets of the charity.
```