REGESTERED CHARTff NUMBElli. 1171128 REPORTOFTHE TRUSTEES AND PINAN(JAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR OUTSIDE IN ART Lewis Brownlee (thl¢hester) Lim￿&1 artered AccouThtsnts Ap￿81￿M *rr Birdham Road Chithester West Sussex P020 7EQ oiirsIDE IN ART CONTENTS OFTHE FINANCIAL STATEMENTS FOR THE YEARENDED 31 NARCH 2024 Pa9e ChaKrnHn's Report Report of the Trustees 2 to 11 Independert Examinerfs Rewrt 12 Strdternent of Financial Activlties 13 Balall￿ Sheét 14 Cash Flow Statement Notes to the Cash Fknv Statement 16 Notes to the Financial Stdtements 17 to 24 Detailed Statema* of Ftnaneial Acifvlttes 25 to 26 OVTSII)E ￿ny C441P,MAt4'S 14PPt*RY t3R T4E KEJIB ENDED 2fj MI,KCK 2024 1am PiEaSEd kD proseni th15 ¥eFoTi 'ke rhe ¥e4> fvlirrh 2Q_Yd. Rho PSIS ¢Jim¢. '. Irtr4 .yr51 ur Ip Lyoyided a vali¢èbCkE fjT Meir art￿11¢ &rt￿tivE xkifities. 7h&ir T4auIt_. tsE¥eTr &¢lf.ad5ftst3w i* iiiiJ8tuablo. SUL l alp. de1￿￿ted 1¢ report Ih2t sti&¥Èl 01 our &rtlsl represTrthts£jOIS, 35 well as i¥ho aithe ￿rA£ of 'JJrlI￿9 Iws *Er YJM 5oirs shoiv fiww-CfjrK. "thEf2tDre th2t 3A21o was Jn &fEri#g iJe¥i, ieNeelik9 81J Ikè4 ty.= ,￿a￿ &CIY-ie i*n¢¢ .roir¥ 0￿r 8EP.bL*loys pmgr3mTr.E. The5. AzEbass￿9rI ts'K>Lt aye ￿1 QJtsiJe iiti i-. More wiiP.th th￿r wno ￿2e* h¢lp. l am m¢st gfth£P Jll o! 01 Bil th.is h2$ tD ￿ financel 2né it E£L71 tD bp g LQ fvné.- Id if vre acc￿ ta arfd1ty0#31 4bug45. Tthe EhariÈy pyould like iu dD V.qDlÈ Ir.. d, jxa Sots*h Ive* an6 E2sk of e¢untry. Thes l Nyhligkl tt[* geTrer65ity [.￿1￿￿ zri uO)L.Iè SUP2r P&tron5 frlenbs. We also hEv& tsalsab￿ kèlp IF¥Sn .ludi*g S&i*EbL¢ ant etri8iliÈs, •L* appF¢ljatts th2 wDrk we are &JTrp-. ',PGraY£.- r•U¥ grJ&..?Yroi&_ ).￿Ptr£.tsf .2 2hE3d therfr 3fa Many ft2w Sot 2rlJsts thcl*u&iig ts Iiri¥i )r,#j< l.lJ?v¥ to ￿-,1￿rU biJ4 Lsgetk.¥. IL ￿$ èe*n £ ¢oisi¢l￿Ot req￿￿$.[ ovr artrsts to *Elp fin6 vJ=ys t6 [1￿￿.. - I wa4t t- t2ke tkg OF>￿￿￿￿Sfy to tkar(k rny f-IlTrvJ trystpts wiw bay= WE¥iLt6 è,-Eie>*lJ ￿VIt￿ Y:, -.WS5Tr to foUn￿ar10￿ are plaEE try wxi¥És many years -Bnp. 3p SLgtt QF8eJh215t: as SteF.Ye￿ 8A￿ we J23ve ieett ¥ortus¥alÈ OÈ 3ble :.0 re0LrJG￿ ir.J JP . rusurei .'ruf'.ÈÈ L-jjl AthrknrDry ootE, t5y• WI￿ aiSQ iE C>idlmall'S Repoit 8$ L'HIII b: ) gy hau¢ J¢*ieyeEI 1*1 e ufrars ¢)p.fiaekt that tF..E Trpw C21L TiTr* OUTSIDE IN ART REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thetr report WTth tre finanaal siaternents of the chaTty for the year ended 31 March 2024. The trL&ees have adopted the prtiwsons of Accounting and Reporting by (Jarits￿.. st*em￿t of RecomM￿ded Pracb appltoble to tharrtI￿ preparing thetr a￿Unts in accordancé wth the Finanaal Reportill9 Stsndard ap￿l￿ble in the UK and ReputAic of Irdand (FRS 102) (effective l Janugry 2019). OBJEcfivES AND Aaf4lITIES r)bjectives and aims Out*de In Claw) trovides a platfform for who fa￿ baniers to the ?rt wodd due to health, dI￿bilIty, soci3', orttumthnce Dr isolation. Out&de In's aim s to create a more thclulve, kirer art worfd by thalknging precon￿￿￿OnS as to who is an arb¥( and vth3t is arL The main objective of the Charity as exp￿ed in its Consbtytion, ts to promote so(3al I￿lUsiOn for the public benefit by preventing peO￿e from becomiTry socially e%duded, relievin9 the of people who are s(￿11Y exduded and asslsbng them kn integrats into so(iety by promding opportunrtries for such people to tske part in art-related activ￿￿. ThLs obiecttve Is achieved by: a prtyjrarnme of in person and online artsst gjwrt ac1ivra￿. training programm￿ for exduded arbsts, induding sh"IFs for employrnent; offerEJg important tommi¥ions and regldet)ties: national programmes of exhibit"ons,' rerresentTr)g exduded artists at national and international Conf¥en￿ and events; dISpla￿n9 w0￿S at Fairs; n 8(tive webste, online gallerie5 for Outside In artists and virtual ￿¥btrion progrnmffle; regular llew51etters and communiotions; active and regularly urhlated social media profiles. providing pruietts that afford opportunities to researd] and respond to histrorical art eollettions around rnentsl fv)hllng è small collectioll of atb¥orks which pre*rvesthe work and ptomotes the understandlrjg of exduckd Public benefit The trustees confirm that they tr￿ve complEd 5eLton 17 of the thariti.eg Act 2011 to have due Fegard to the PUNIC Benefrt guidan￿ published by the Charity commi￿10￿ for Englaftd and Wa￿. The ￿arity aims to beneft the public by improving people's Ip￿ through art and by being a means to bring the pubfK into contsct wth arlists and art whith they Would ntst Qormally enga9e. Outside In athiév& thls by working in partnership w¢th large and small organi5ations around the UK tD deliver programme of exhibitxjns, commis5h)ns, re9denctes and trainin9. The exhib￿0￿$ often act as a p￿￿erful means to enabie people to ￿S%￿s their rdationthip to art and why ￿ is made. The which the Chartty's a￿sts feel is shar by its who often knve exhibitions fedlng littrated and enthused. This can be E￿idenc￿ through the many positive comments from the wsVcors' bcN)ks at Outsde In exhib￿On5 ar¥J feedback the website and on swal rn￿1￿. Outyde In speatheads a Com￿1g￿ to rJeate a fairer. MO￿ a￿ble art wortd and, through QLrtreath worK acknvefjr rches ts) reach artists who ne& our sjpport knsts rec8ve powejfvl ￿lidatiOn through loinlrvJ the a)arity and many speak about the significant impact thi5 has had on their heAIth aThl wellb&ng, enabling them trj funcbon rnore effectively and with confidence to the benefft of all. Pa9& 2 oirrsiDE IN ART REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVTfiES Voluntsers The trust￿ continue tr) be grateful for the ￿)s￿ntI)g effort5 ofthe volunteers who help the work ofthe tharty. 124 volunteer Amba43dors have all come thrwgh thè Charty and play a vital role in helping to find new artifts, reprE*nt the Charity public￿￿, build netsvorks, ?nd share their ￿erien￿s. The Ambas•dor5 ènd their coll¢ttNe vtsi re a powerful and important me8ns of cornmunicating the a)aritr/5 ￿￿rk. Thirteen AM￿SSadOr5 were ttyined during the year. There were aght trustees during the year. Twsw do not rec￿ any payment or benefits for their vThk as trust*s bnd have (¥Jrtribut& ￿an￿allY and through their netsvorf( of IDntacts trJ the of the ￿a￿ty. Overview sin￿ ts itKeption in 2006, ¢knlde In has succ4$5fully engaged more than 5,000 èrtsts helping them to estsblish online gallerie5 and welfX)ming thousands of audience mernbÈrs to ovtr 80 exhitmknons of a￿stS, worl It has developeL1 ati(x)thips Mth ovÈr 170 partner organisatigns in the UK and frorn acro￿ EurorÈ and the world ana has trained over 225 artists through ts Stsp Up progrnmme. For th￿ numerous artsts who tth)k part in the programmes, po&trve outtnrnes cited in ￿lUa1)QnS induded," TrnnsformatK*n. valldaiion, Con)Iden￿, nw sta1￿ and stimulated treative proces￿5. experien￿ of a ￿fe indu&ve spaTr, opwrbjnity to promote conve(5afion and wl incluaon where their work was prgviously miwnderstsod. seCo￿ary berth indude a POS￿Ve eff￿t on self-*eem. health and wellbeing: soti31 development and professional networking opportranthes; the alleviation of symptoms of illnes5 and the reduction in loneliness caused by isolation. One artfst said, 'Thank you for the work of (kjtslde In, the SEnse of community, creativty, and opportUrn￿e5 that being part of this atnazing organisatitsrl provtydes.. Fxhibtion W$￿tir5 exp)seit to non-tradttsonal art the wofi( as very hlgh qlrality and commerated that Ic was 'inspxring' and'exceeded all expettab.on Impacts up)n thÈ wider art5 andlDr cultural settor induded.. rnaknng the ca* for diversty; diversifying the settor WO[kfo￿. prornc*ing work of non-traditioThal aitsts- challenging preconceptions and praLtice. Followng the su￿$$ of the digtsl ac*vibes offwaj during the pandemic Outside In's progtsmrrpe retsined online exhibitiDn5, artst devdoprnent ￿[On5 and train1r￿ courses alongsKJe iThperson attivities across the UK and will Continue to off%¥ a hybrid progftmrne. Page 3 01stSIDE IK AKr REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCJI 2024 ACHIEVEMENfAND PERFORMANCE Outgde In's prinNiry offer is ts webS￿e ho￿ng over 4,500 artssts, cmline galkries. The wetsite provides the rneans for artists to share th&r worl tske part in events, sjbmit wort( for exhibibons and app￿ for l]Bining opportunitits. 253 new online galleries were publish￿ during the perto(f and over 1,000 Upda￿ to galleri& were recorded and there were an aveTrge 8,416 rmnthty vistiors to the Building on wrtual ￿llery spaces four online exhibitions were hehl wftLh increased ￿n(￿on arbd accessibility 2nd two inter8CDve events. This vrds a signrfiort strep towards hav&ng è larger nteracbve virt(wl spats for online VLfitors. The (￿arity C￿pleted the tour of its NatIor￿1 Open eYhibtli(x), trded Humanty, in January 2024 at Hove Museurn of Creativity, following its op￿ing at Sothebls in London and touring to Proiedèbilty in Gla5oow. To coinode wth tr ib￿on at Hove Museum of Creaiivty, Outsde ￿ organised a Symw)sium, Humaniing the ArtwoAd, held èi Fabri? in Brighton. Bringing together rotional and international figur&% in the art wortd and sw)ported studios th¢ event was a great gjccw with over 50 attendees. Outside In's Director Marc Steene was awarded an OBE in the ￿n9 s New Year's Honours bst for his Servi￿ ts art an his booK Oltside In- Exp￿ring the margins of ark ￿5 put￿ls￿ed by Lund HLmphries in November. Tnininy Outsde In's Step Up training progrdmrne enÈbles a￿. fvcz5501cotliding Worlds Great Northem Contanpor3ry Craft Fair Humanity- Project Ability Glasgow Humanty- Hove Nuswm Creativity The Pride Parade Gog¥ On Wrthout Me- p￿pIeS History Museum Page 4 OIITSIDE IN ART REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 Lordon Art Fair At(tJl of over 22,000 audie￿ members attended the exhI￿￿On progt3tnme. Wirtual ethiSytsons: re there is Artthese is ￿ght l Kinds of Work Sothebls.HUman￿rf wrtual A totsl of 1,263 al￿len￿ members attended the virtual &thibitic(J [K￿ranM@. Artist SupW( M￿ting the n&ds of rts artists and those others it has yet to reath s vitrdl if tt is to be able to ￿pport their creatrve journeys Bnd help address their tkrrier5 to indusion in tt)e art worfd. Outsde En is worfong in a context of drdstic cuts in aal care and cu￿rdE provision, It is supporting tho* a￿StS and indNiduals most Vuln￿able èn(S exduded in our soiety at a wegional. national, arKI intemational lev￿. The Charlty has developed a re5ponsve and tsilored Artist Devebprnent Programme to find and support ard*s. Arflst Support Days a￿ Dne of the Charitys ￿"mary acbvities held auoss the UL often in ateas of low arts ￿gageMent. They ère thÈ primary outreath means ty bvhich artists join the Charity. Artist Supts Days help tadde digilal e%C[L￿10Tr, enabling artists to get their work phOt￿￿phed, intrOd￿e thern to new dlgtyi th"Ils ènd ￿pOWering tt)em to have a dlgltsl preseno through th￿r own otEline gaI￿ry. Another Impotsnt aspett of the Artist Devdopment Pr(>Jrdmme is its pry4rammE of Share Art eV￿ts which enable 8rtists to present and share their work to art audi￿ of peers through presentstion of digtal images of th&r work t)uring the year the Charrty piloted, Make Art: Boumem(xrth, a monthly art group for artists to meet, make work together and share Ideas. It is run by a trained (Xjtsvje In AmL)ass&lor. There were twèfve sessions in the year, ￿￿th 95 artists coming to trÈ group in totsl. A rjew progTrmme hEs been devek)ped, Sketthbwk Soaals, as a rnears to irforrn a￿sts about rhe Chanty and encouoge their creativtty. Sketd)bo(* Swals are relaxed c￿ative 5￿C￿$ exploring what OUts￿e In offer artis who ￿cOUrter barriers to the art world. Ethn ￿lOnS took Pla￿ in the y￿r 139 artists attending. Out￿de In (Dntinued ts pathetship with the Arts kniety South DDwns Off￿ng the t)r Andrew Edney Bursary to ts artist> Three artsts were sdetted to wdve bUI￿ries towards th￿1 professional aevelopment in the od. During th2 year Outside ITr ddivered a t£)t31 of: 24 onlineArtist Support thys 24 in person Artist Support Day5 13 online Sh3￿ Art sessKyns 7 in person Share Artsessons Ofthese: Core 11 online Arlst Supm Days 12 in person Arti* Supporfc Days 12 online sha￿ se*ions 4 in tErson Share Art *gons West Midlands 9 onbne Arttst Support Days 6 in Ferson Support Days North West 4 online Arbst Support Days 6 rn petson Arti& Support Da I ￿line Share Art sessions 3 in person sha￿ Art S8551(￿S Page 5 oFsrsIDE IN AKr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Apprwmatsly 230 artists have been proiqded with dlrett support by Out*de In during the period. J his Pastoral care also helped wth the creation of an add￿0￿31 253 online gallexies durtng the period. Core Artyst Development Eleven Artr"st Support Day5 w￿e held in person as part of the Core Artist Developxnent progTrmme and another twdve online. Each ¢f these days gave arb"*5 one to one support and informed ad1￿￿ on their wtive ptowes. a￿$￿ Slatem¢￿t and further opr0rtun￿￿. Cwer 92 artlsts attended these days. Four in person and tweh@ online Share A ts held in theyear. National Growth Outside In has devdoped a wies of Hubs to devdop physitsl footprint across the UK. The Hubs aim to incwse engagement w￿h artists who meetthe tharitys (r￿e￿a. West Midlands Hub The Midlands Hub began operatlng again irk June 2023, folk)wing the departure of the Midlands ￿u￿ Manager in Fébruary 2023. lje, aFtst and Midfands knst Advisory Group Mern￿r, recruited as fredan￿ West Midlants Hub Coordin3tor ID June 2023. She Drgènise(J the W£¥t MId￿r￿JS Hub Iaunch on 20 OLtober 2023 at the New Art Gallffj Walsall. an event which announ￿1 the anival of Outside In in the region and provided a netWOr￿n9 opportunity for and professtonaLf in the am. It was atso an opportunity for (tJÈ mIdL￿d$ Arbsts Advisory Group to present their tr￿rk to the audien￿ and d￿￿￿) new sPilLs in publ￿ speak￿￿. lie chal￿d the MidlandsArtig Adrf￿ry Group, who rnet quart* throughout the year. This Gmup ran a series of nine art Wortthops and nthodang drDP ins online and at the New Art Gallery Wa￿[1, from Ottober 2023 to March 2024. This enabw new a￿sts to connect Vvith the Charity and each Dthex, &$ well as learnlng new cmttve *ills. In Septemberfour West Mi(JlaTrts a￿S￿S Weretra1￿ as Ambassadors. ThrDughout the year there We￿ nine online SUpp￿rt Days and Ax in per50n, in Smethwil Wal￿11, Leamingto) Spa and Coventy. 36 èfJ"sts We￿ supportel in totsl. IJe's role a)ded in DeTrmber 2Q23 and the Community Development Mar￿ger covered region unL?l JalEka Campbell was recrutted in March 2024 as Midands Hub CoDrthnator. Her role has indudeil organisThJ an& d￿1Vering Affa¥c 5￿pport Days. G￿l￿ng and rninuting the Mldlands Arbst thisory Grtty) and èpptyry'Trg for fijnding for the group tl run a seri￿ of workthops in 2025 to reach OLrtto nèw au¢theno5 ahead of the 2025 NatK)nèl LYhib￿On. North West Hub The North Wtst Hub Manager trdnsferred to the role peTrnanentty frorn Venture Arts and the Whiiworth in February 2023. T1￿ first few months of the role wtvolved a fcojsed mappiNg and researeh time, induding a Cumbr(a-specT outreach Eroorarnrne. The North West Hthj Manager was recwited to ManchLqrer Cty Q)undl's cu￿ra1 c￿sOr0￿M, arEd has directly contributed a number of access and inclusion meas1j￿ to Manchestsr Cty Council's new l(Yyear CU￿ra£ Stotegy. Out5Tde In also tse￿rne part of the VEEfO network of organisations in the N(Yth Westr supporting vulnerable young adu wth levetopment opportunrfci8S. A team of five freelan￿ aitst ¢*velcynent faal1tat0￿ V￿ reuurted and prowded With Artist Support Day5, Share Art5 and safeguarding tftining. As a regjt of the Step Up EYF4orlng Col*lons course w*h The Whitworth, five artists eXhib￿¢d in the virtual eXhIb￿lOn 'Al Yo"nds of Work. alongside sevewal arbsts from the Musgrave ￿nleY OutsvJerArt ColleC￿C￿. ring the yearArttst Support L)ays were held In St Helens LiverFooI, Manchester, Bury and Salford. An exhibition grant wa5 awarded ty the People's Histiry Museum to Ourgide In, where thrEe neiw wods were COMMU￿Oned by an Outade In arti* and seven arti<5 e%hbited a5 part of The Pride WJra(È Goes On Wtthaut MÉ, ethibitioll, whÉth 3bout the intersect of d¢sabled 8nd LGvfoIA+ 3Ctivist hkntities. 4kn4de Ift became charity pather5 for the GreÈt Nothem Contemporary Craft Fair and 22 a￿Sts exhibited at the exhIb￿0Th stsnd. Footfall for ts bÈir 4,ODO and several artworks and copies of the Directors book were solo. P4e6 oursIDE IN ART REPORTOF THE TKusfEES FOR THE YEAR ENDED 31 MARCH 2024 ArtistAdvi50ry Group At the very stsrt the Cljarity estsuished an Artist AdV[￿ry Group to provide ￿ opwrtunity for Outsde In artists to 0￿de guidaNe and feedbèd< into the development and clthery of trs pr￿￿rnm￿. The Art& Advisory Group conststs of w artists t)m a range of backgrounds repro*nting the wider artist body and indudes individuèls with lived evien￿ of phy%(al andlcr mefrtal health isgjes, learning ￿l￿blI[be5 3nd soaal isolation. A survey to èll Outside In arty.sts is onied out on a regular ba￿5. with questions guided by the Artist Advi£ory Group. the Iindings of the survey are sh3red ¥Ytth the Mist Advistsry Group and their fe￿back is shared with the Board of Trl￿ee$. This ￿￿r¢S that the yperientr aTrl thou9hP5 of artists a￿ heard at board levd. In addttton to provK1ing a cdlethve perspecbve for the Charity at its meetings one member of thè Group TS a trus￿ of the Charty, acting as a Condu￿ between the wider atti* group a￿1 Outsde In's Board of Trust*s. During thÈ year Outside In hdd three Atsst Advisory Grwp meetings. Thelr dKussions have guided the Cnaritys a￿v￿leS parfoajkrfy in tenns of acces9ts1ity, planning On￿ne Oth"v￿ and grass r¢x*s outreach ompaign. The A￿st ALfvi9)ry G￿uP changed in ts year to welcome five new representatNes of Oubde In's artist community. The Group gave rdluatrk input throughoLrt the year on tiigg¥ and content wamings, the benefits sy*Em for arbsts and dealing with ￿Je¢￿0ft. A Midjands ArtistAdwry Group vos forn￿￿, C￿1*￿ing of four arbsts from the region. Comrnunications Through its ￿mMunication and audieTr￿ devdopment activity and webstte, Outs￿¢ In has a provw and effettive reC￿d of bringing Ihe work of tsverlookett a￿1 eKdUd￿ art15ts to new and *bli4)ed arts audiences wtrh team expetti* arDund arts and lif* press and sooal medi) ensuring the Tharity gains wtdespread èttentton. Outside Ins monthly e-newsletter is sent to over 5,000 reciF¢ents and a hard copy ￿ sent to 146 reapients iyho are digitally oxduded. The ChanQy knres COTr￿ on FacEbc4)k and ￿nkedIn and has over 6,500 follower5 on In*grnm. Finanaal position The of the (Trarity is largely financed ty grdnts a￿1 donatio￿. Unrestricted irt￿me for the ye4r totalled ￿98,988. com￿¢7b1e income for the prevtous year was £601,923. penditu￿ durfng the yeartotalled £584,172, whid) was èn in(rnse of £12.239 compafftd to the previous year. The overdll was a defiat of £159,050 before investsnent gains (2023= £29,9￿ surplus). There was an unrealwj gain of £29,483 ￿ the endowment futKI Invesbi)ents (2023: £140,996 IDSS). At the year end, net curmt o￿ts available for the general worf£ of the Charity 5toc¥J at £8,710 {2023.. £161,753). Ihlhile this is suffioert forthe itnmedi8te opwating needs the fall Ès a matter that ￿ b￿Trg addressed ty the tru￿. The CJarity benefits grealy from vaiuabte work underthn by volunteets vthith is not fefierted in the financlal accounts. Page 7 OLrrsEDE IN ART REPORT OF ThE TRLisfEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCYAL REVIEW Fundrnistng The (harivs year-on-year tu)draising athwtie5 are an absolute necessityfor its wo￿. It t￿$ a range of income Streams, induding art sales, o)re grdnts, grants from trusts and ￿ndatIonS, donations. and contributions from pather (￿anIS2t0n5, patrons and fri￿d$. The trust*s are truty grydtefvl to each and evefy gTrnt maker, fvnder donor, Vwithout their incredibk ￿PpOrt the Ch8riVs valuable work would nevEr happen. DetraiLs of gTrnts receiv& are disdused in Note 2 t(> the Finawèl Ststemen Our&de In currentiy has nine patrons and continues to aaivety members to its Frrends scheme. The Charity coFntinues to build on thng relationshipswith tnsts and foU￿atr"0nS and is worlung tovffjrds div&rsifying inoyne streams. s a small Tharity. (ltstde In Is not wityed wth the FLtndtaisiw Wulator, but it is commltted LU adhere to the Code FundTri%ng pralti￿. The Charity does not use eynditure Unrestrtcw cBsh exdudes osh heid for projets. The bjdgetsd ¢xpenditure forthe year to 31 March 2025, 2$ defirEd in the re*rves policy, is £484,QOO and the￿fOre the unre*ricted cash reseJvÈ, rwnded down to the neare* knusand, should be £161,000. At 31 March 2024 the unrÉ%tri(ted ￿5h, exduding osh held for projetts. w £129,667. In addtbon £66,388 cash in the endowment fund as Jvailable if requireij. Page 8 OUTSIDE IN AKr REPORT OFTHE TRu￿EEs FOR THE YEAR ENDED 31 MARCH 2024 FtiruRE PLANS Outside In will continue to deveknp its digthl and phwcal progfdmmes to support mofft art￿ and extend ts reach. Through new and establithed pa￿rShi[￿s, r( TAIII continue its development of re9lonal Hubs for artirt developmeni e%ploring the possibtlty of ustsblishing a new Hub in the South West of England in ￿rther$hIp wsth the Amolfini in ristol, and will continue to develop new and interactive tfigitrl spaces and engagemenL A ￿NeY wll be undatsken by an extsmal fred￿n￿ erdluator all the Charitys athsts to inform futsJre stTrtsgy. Grass roots OLtsch will also continue in non-digital for￿ts. paper leaflets, rlewsleiters ar￿ the efforts of the Charitys Ambas*doTS will continue the work to bring non-digitally engapl irto Outside In's n¢tworfs and rnake opwthnities available to them. A ftrrther fundèd rdl out of the Ambassador-kd Make Art groups will t&e as well as a progftmme of Sketthbook Soaals. The tharlty has seojred a pathershlp with The New Art Gallery in Walsall as a basè for its Midlands Hub and as a venue for its 2025 Biennial Nètional Open Exhibtbon. Two may)r commlsi)ns to be undertaken by Outside artssts 85 a urnted eyhibition on the theme of Shelter will tske ￿aCe 31ong&de the Naljonal Eknibibon. (knsRle In s tr7ding arm S￿dED 01 wrill I￿k to seojre funding to enable ts startup and the ryruitment of a neiN comrneraal FK)sitN)n and im ￿eMen￿tIon of an online sales platform. srRiICTURE. GOVERNANCE AND MANAGEMENT GtNerning docUn￿nt Out%de tn Art is a ¢haritdble in¢orpoRted Q￿dni￿tEOn regi%tered by the tharEty ComTnisson in England and ￿paI¥ on 16 nuary 2017. It is govemed by it5 C0Nstsiuti￿. The trusteos are the onty metnbers of the Charity. They have no Ivabilty to cofttiibute to its asgets and no personal respongblltty forseidiro its (￿bts and li*)ilEti"es. Recruitment and appointment Df new trustées Tru*ee5 are recrui￿ by the opportunity thown as VvTdety as PDssbie, indudng using soual media, and are appointed from those who share the Charty's aims and aspirknns and ¥vho are tdieved to te able to brfng a breadth and depth of experientr thlts ttr thetru*e Èoty. Prior to ap￿Ir￿en( trusts2% are briefd on the (JBrity's aLtvibes, on the obfigatiarG of trusrees aE¥J on the latestr guidari￿ from the thariry CornmisKJn for England and wal￿ Each trustee is ￿QuIred to compl*- a DedaBtion of Interests a It and Proper Person form. They sertously thwr obligatK)ns to rtkirtsin their knovAedge and attend rele￿nt courses and seminars. &ch year one th￿￿ Df the trustees retire by rot*ion. Those rth.ring are eligible for rè*leition but may not seNe fcK more three c￿￿eCU￿"Veterm￿ Key Managemerrfc Personnel Pay Policy Key Managemert Personnel are those IL£ted within these accounts. Tog&her with *e trustees, the Key Managemènt Perwnnel are those in th3rye of drecbng 3nd controuing the Charfty and running operatyng the of the Trty on a day-to-day bèsi£. The pay of the Key Managernent Personnel is ftviewed annually 6nd is bend)m2rk against the pay levels in other charittes. Employees amd HR Wth guidan￿ frurn outside speaalists, tharty develgxl the reltr4¢nt HR pofiaes need& for the Charity and a s￿f and volurteer handbook has been wriiten. Employees, rwnunetation is ￿¢Tred by benchmarking against market rates and rates paid by comparable organisations. Outslde In has a COE team of bNdve S>ff nembers. Ris1( management The tru£W have ident3fied the mai)r ri*s to whid) they believe the Chanty 15 eYpo*l, induding risks to volunteers and visitor5. Where appropriate, system5 have been e&tsbli5hed to rninimise those rists. Ftwedures are In pkce to ensu complianTr wtth heatth and safety ￿quIrernents. Serious Incidents In line wth the Charty Commisson's guAlan￿ on reporbng incidents, the truste￿ dedare that during the repo￿ng wiod there were no Serio￿ inodents that they have kiled to bring to the Commission s akntion. Pagè 9 oisrsIDE IN ART REPORTOFTHE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 stRucfuR4 GOVERNANCE AND MANAGEMEKr Governance The lknrity i£ Jed by a highty skj'lled Board whKh In(Judes an Outside Tn attisL It has an Arbst Adwsory Group. cornwised of Outside In arhsts, to gNe sthtegic guidènce from those wtth a shored lived experience of the CharEty¥ berrficiaries. The B￿rd met four tim￿ during the year and the Finan￿ and Opwations cofflmrttee met as wuired between b03rd m*ting5. The Direttor is r&ponsible for dty-to-day mènagement The trust*s trke g0Vemb)￿ ￿0￿[Y 8t￿ seek to apply the aTrrity Governance Code, including the updated Code published on 8 D￿M￿r 2020, and to operate in accordan￿ wth ￿ seven Prinoples identified by the Nolan Committée on Standards in Publtc Ufe (seMesSr￿ss, integrity, objedivity, accountsbilty, openness, honesty and leadership). Furtherrnore, bdieving that corruption, brib￿ unfair actions developmert and impede progres5 they insist ¢)n intsgrity in 811 a5petts of the ￿art￿S acbvitjes and expErt the same from th0￿ Who wort( Mrith the char￿1. IndepesKtent Examtner Sheen Stiddand (Chichester) became part of Lewis Brownlee {thtchesterl Ltmtsd on 16 Detrmber 2024. A$ 3 re9J￿ the independent exarninws rep￿ will be ggned in the name of Lewis Brownlee. REFERENCE AND ADMINTSWTIVE D￿AlLs Registered Charity nuFnber 1171128 Principal address PO Box 55/1 Brighton BN50 8UR CTRolL G Turtey (app0fr￿ed 6.12.24) F ChNskne (apwJint&l 6.9.24) Ms S Catto (appoM)ted 7.6.24) S ChaFyatte {aPPDinted 7.6.24) Ms K J Rosser Frost C Marti Ms D Hodson {reagneO 6.12.24) S Greenhalgh I￿gned 6.12.24) T E James (resigned 6.12.24) Director & Key Management P¢r5onnel M St￿e Endependent Examiner Satsh Alexandw FCA Lewis Brownlee (Chith&strer) Uffl￿ed Chartered Accountsnts Appledram *m5 Birdhawn R￿d Chithester West SE￿$￿￿ P020 7EQ F*ge 10 011451￿F fifi. fl¥P{.1111' QI. ? 14F. TRIJ<"r￿E f.t7M TIIE Fl.IDEfs 31 V.11.FtP¥I kQ*.'/ hlEIg 4Ja 'dVoll FSOG: LoftooJ1 3FD WWW.OULolÉ&iq.oro.ut PPaDv&& b:. 'L*.' C-: Aolls. T."uslÈe Pz9011 IIIDEPEJIDEfiT EXAMINER'S REPORTTOThE TRiISTEES OF oursiDE fN ART l ￿￿)rt to the trustees my ¢f tr￿ a¢¢rMnts of O*gde in Art (the Tw¥() for tlk ended 31 Marth 2024. Xesponsibilltieg basls orrep￿rt the cbarty trnstees or tts Trist ￿ are" re*C￿￿bIe for the pretfiration of the ￿￿Uftts In acMnlan￿ wth tt rAylretnents ofthe Att2011 CthÈ NLffJ. I ye￿t ￿1 of my ¢Kamina6on rfthe Trt￿r5 accounts QrFied ¢xrt under S&itin 145 of and orrying my ￿amInat￿ I have fdbwed all aA?Ikable.D￿￿bO￿s gwen bylk aJ• COMMI￿0￿ Und￿ *tion 145(5)(b) pf the Srte your £haWs gros5 Income £250.000 your exam(n¥ must be a rnernber of a b￿. I can cornlrn that l am quilifigd to umlerbke p>3mtrAtion b*￿se T am a rnonter of the Insfjttts of thartered Arrots￿nts in En9knd and Wabs, whjth ts céthe ￿sted I have comp￿. my exBmln2tknrn. I confimi th* nts matthal matrets hve came th my attentkn o)nneLfrn with the examu)Bfjon grwI￿) ffte ￿￿Se to b￿l￿e th* In any rnatwl*.rE9W attDUlltlng ￿ortswere not kept Iri r&wtoftheTru*as r4uhed 130 ofthe A¢" or thé actyirrts.do Tr)tac(￿rd"￿tth those r&y)rfY, c the atrounts do Trjt CQTnPtr the applb?l)le concething the lortn and cont￿tt of arojunts set ¢￿knthe (harrties {Aco)unts and Repyts) Aegulations 2Q08 otherthan anyrequirernent that the accounts give ar￿ fairwwhithi5 Th)t è mats¢)x&dEr&J ès partof ￿ indetentht eX6￿natIon. I no c￿￿n5 t#ve ¢oMeaCr￿ rKJ other examlDation tD whKh aiiethn should dtawn in"thiS repcrt kn LYd2r.to enawè a oflhe aco)urts trtr te r￿C￿. Le￿￿ Bpjwntee (ChKh*) *gDpledram Bar P020 7EQ Pa9? 12 OUTSIDE IN ART srATEMENT OF FINAN1￿aL ACTIvifIES FOR THE YEAEi ENDED 31 MARCH 2024 2024 Total f&￿ts 202i Tffil funds Unre$￿tted RestriLted nts funds Endowmert fijnd Notes INCOME AND ENDOWMENTS FROM DonatioTrs legaae5 354801 24,660 379,461 527,168 Ottrwtrh(ting 8ctivib¢s Investment income 31B36 Il851 ¥474 32,810 12A51 61,494 13,261 Tolzl 394988 425,122 601,9 EXPENDrnIRE ON F&ising fur¥ts 19,420 14 1gA34 38A14 (l￿rI￿ble activiti arttble activths S34061 32,677 564,738 533.119 Totsl 551A81 31691 584,172 571,933 Net gainsl{to%es) on invesbnerts 29B83 29,483 1140,996) NET INCOMEI(EXPENDITIAiE) {152A93) {6,557) 29,483 (129,567) (111,0061 RECONCIUATION OF FUNDS Totsl fur￿ brou9ht fDrward 161.753 7,097 953.345 1 12l195 1,233,201 TOTAL FUNDS CARRIED FORWARD 9,260 981828 991628 I,L22,195 The notrs form part of trese fiThanoèl statements Page 13 FAi#¢ls -.b &S*F.1'5 Jli&.&dfl 550 916.4AIJ URAFNV thSStT YG f/49,616 549 é6,3138 L*4EfsifoRS yEur 1.2 1140,QQ>F >1£¥ CURAEFIT Ass¥rs IJ o(,1 ?QTAI Assrrs S* 9,2ts0 962,¥?E &&2,b2a PJET ASJEYP ,260 540 FLfj%QS Jn."esiF¢i¢tr ttsr¢d5 13 TO'IAL E)ard of The nalt$ lfjrm pèri ol tsht*S@ Iift&n¥iHI [- Pai¢ 14 OUTSIDE IN ART CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MAIiCII 2024 2024 2023 Cash IIow5 from operating a¢tivitses h gr4)eoted from opeTrtions (102,245) (121,422) Net (ash used in oFffiting activifj (102,245) 1121,422) Cash flows from investing acllvitias Purthase of ff￿d as*t invethents Sale of fsxed ass* investments Sale of current as* investrnents Diwdend5 we4ved (1,115,025) IA198AII 16,614 11851 (710,402) 654,111 56,291 13,261 Net Trsh promded by invesbng acknvtses 12A51 11,261 Change in cash and cash equivalents in the reporting period Cash and cash eqLtivalents at the beginning of the reporliTrg period c89￿94) 1108,161) 219,610 327,Tll Cash and cash equÈ¥alents atthe end tsf the reporting pertod 130,216 219,610 The form part ofthese fin6noal slatements Page 15 OUTSIDE IN A￿r NOTES TO THE CASH FLOW STAfEMEKr FOR THE YEAR ENDED 31 MARCH 2024 RECONCIUAIION OF EXPENDrruRE TO NET CASH FLOW FROM OPERATING AcnvfTEES 2024 20 Net expenditu￿ forthe reporting ￿riod (as perthe Ststement of Finanaal Activities) Adjustm￿$ for: De4)￿JatiOn cthrges (Gain}Ilosses on investmeAts Dwidends recetved {Intrease)Idemse in debtors Increaselldeuease) in CFeditors (129,567} {111,0061 701 (29,483) [11851) (1,504) 70,459 3,416 140,996 113,261) 5,035 {146,6Q2) Net cash used in operations {102,245) {121,4221 ANALYSIS OF CHANGES IN FUNDS At 1.4.23 Cath flow At31.3.24 Netcash at ￿nk and in hand 219.610 (89B94) 130,216 219,610 (89,394) 13Q,216 Liquid resources D2wgits irtluded in fAJrrent asset investments 83AI02 {16,614) 66.388 83,002 {16 614) 66388 Totsl 302,612 (106,008) 196,604 The nL*es form part of these financial 5t*metts P4e 16 OUTSIDE IN ART NOTES TO ThE FZNANCIAL sfATEMENTS FOR IIIE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES Basis of preparin9 the financial statements The fI￿nCial statements of the chaity, whth is a public benef￿ entity under FF￿ 102, have been prepar￿ in ccordatKe with the charit￿5 SORP (FR5 102) 'Accounttng and Re￿￿n9 by Charities.. stsrement of Recomrn￿d￿ PrnctI￿ applKable to thartbes prepariftg their ￿COUnts in èccordance Mth the finanual ReportKig StrdrKlard applicable in the UK and Republic of Irdand IFRS IC12) (effectve l Janwry 20191,, Finènoal Rep)rtXlg Sta￿ard 102 The finanoal WJTting Stsndard applioble in the UK and Republic of Ireland, and the (￿aribeS Att 2011. The finanual statements h3ve been prepar&1 under the histoYi(31 cost convention, wth the ex￿￿tk)n of investments whith are induday at ￿tket value, as by the rwaluation of certain assets. Incom¢ l income is recDgnLsed in thÉ Ststement of AnaTh(ial On￿ the tharity has enO*ementto the funds, it is probable thatthe IKome will be recavtil and the atTK)unt can te measured reliably. Expendiknre Liabilities ore recogn￿ as as sc￿)￿ as th&e is a legal or constsuttive o￿l93t1)rt committing rhe tharity to that ￿4)enditure, it s probable that a lyansfw o* ecDnomic will be requir21 in setuement and the am￿jnt of the oblvjation can be mea£ured reli4bly. Expen(knJre ts acwuntsd for on an accruals basis and has been under headings th)t aggregate au cost relatal to the cwory. Where costs c2nrk)t ba d1￿C￿Y attributed to partiol3r heèdiryJs they have been allocatal to aCtiV￿eS on a basis con5isrent with the use of resource Governants costs GovwnaTr￿ cost o)mprise ts cost of gove￿nCe arrnngements whith rdate to the general Nnning of the Charity. Tangible fixed assets Art colktttorLS a￿ not depre¢iated but are stratsd at thelr ccst to the Charity. Tre trustees are of the opAiion that the market value of assets extsths their book v3lue, are regularly rr*intsineJ restored and their long useful economic life wwld result ift any depreoatbon tharge being immètsrial. Taxation The Ch￿ty is exemrt from dir& tsx on its thar￿ab￿ activli￿. Fund accountln9 Unrestricted fiJnds c2n be used in accordance with the Charits￿e ObJe(kn￿ at the dis(retion Df the trL*ee5. Restritted funds Cdn onty be used for resrricted pur1x￿S w￿n tILe objects of thÈ ch8rtty. Aestri¢borts ari￿ when speaffi￿ by the donor or when funds ore rats￿ for pa￿¢￿[ar restrthd puryw. The Endowment fund is an expendable endowThert w￿h fvtsts invest& to iyoyutr income to support the charftable attfviies of the Charity. Furthw eXpla￿tion of the Fhthre and pUry￿Se of each fvnd is induded in the notes to the financial ¥￿tement Pettsion costs aftd other post-retirement benefrts The chirty operates a d￿ned cortribUt￿n pe￿on stham& Contribution5 payabk to the charws pens￿￿ Scheme are Charg￿ t¢ the Statement of Financ￿1 Activib"es in k￿lOd to vthich relate. Page 17 continuej... 0￿sIDE Th ART NOTES TO THE FIN￿CK￿L STATEMENTS- continued FQR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGAaES 2024 20 Donètior Grants Friends subscTtptions Patrons subscripb"(ns 50,067 325,479 315 93,950 418,543 175 14,500 379A61 527,168 Grnnts ￿ca¥a￿e indude 9rdnts from the ￿￿wir￿j organsations.. 2024 2023 Paul Hamlyn FourKlation George D3nnattTrust lohn Ellerman Foundation Gaffield WestrJn Foundation The Roddick FouThdètiu) The CwtivÈ Art House Britsh Art Neknvo Paradise Row Venttjre Arts Northem lThbalive Colin Norton- Supporter Exhibition Fund ProjettArt Wo Arts Counol England WPO Erfploring Colkctions, PooIe MuseL Arts Council England Outre&h & Digttal Developrn￿t The 29th May 1961 Charitrdble Trust Arts Sooety Natitsnal Herifye Lottery Furn4 nburyTru* 117,166 106,032 10,000 40,000 do,000 33,000 46,000 30,000 3,000 4,540 1,750 14.151J 6,325 18.75Q 7,500 IOIA4Q $,13 7.500 101,840 xo,000 loo 4,500 6,740 19.167 3,333 323,479 418,543 2024 2023 Art work and postsrd sales spo￿[￿5h1ps Other revenue CC￿feren￿ and exhIb￿On fees 22,899 5,000 2.950 1,961 54,968 6,000 526 32,SlQ 61,494 Page 18 continued... OLrrsIDE IN ART NOTES TO THE FXNANCW ￿ATEmENTS- conunued FOR THE YEAR ENDED 31 MARCH 2024 ENVEsfMEMY INCOIIJE 2024 2023 Divilend income 12,851 13,261 RAISING FLINDS Raising donations and legarie5 2024 2023 Supwt costs 11,102 10,611 Other trading acbvittas 2024 2023 Purchases 7,247 28,203 InvesÈment management costs 2024 2023 Porfolio management 1,085 Aggwate amounts 19,434 38,614 TRusfEEY REMUNERATIQN AND BENEFrrs Theo wtre no truste￿, retnun&ation or other beftèffts forthe endÈd 31 Marth 2024 nor for the year ended 31 March 2023. There were t)0 trustees. e%PenS￿ paid for the y¢ar ended 31 Mard) 2024 mr for the year ended 31 March 2D23. 2024 2023 wag￿ and salaries 50¢ial s￿rIty costg Other pen￿on costs 317,975 23A22 7,058 2￿,525 20,444 5.901 ,855 306,87Q The avtt3ge rnOnth￿ numb￿ ofemploy* durtng the year as follows.. 2024 13 2023 12 Charitable No employees r￿1V0￿ emotumonts ITr excess of £60,000. Page 19 cont]nued... oursIDE IN ART NOTES TO THE FINANCIAL STATEMENTS- continued FOR ThE YEAR ENDED 31 MARCH 2024 TANGIBLE FueD ASSETS Webste redeV￿0pment c¢llections Tota COST At l April 2023 and 31 March 2024 550 44,686 45,236 DEPRECIATION At l Ap￿1 2023 Q)èrge foryear 43,985 701 43,985 701 At 31 March 2024 44,686 44,686 BOOKVALUE At 31 Marth 2024 550 550 At 31 March 2023 550 1,251 FIXED ASSEfiNVEsfMENTS Cash and ttlements pending stred investrnents Tots MARKET VALUE At l Aprfl 2023 Addibor D￿po￿lS Revaluations 625,389 670,225 (444278) 24954 870,34a 44UrfJO 1,115,025 (671,311) (1,113,589) 44,66X At31 March 2024 897,997 18,443 916A40 NET BOOK VALUE At21 March 3024 897,997 18843 916,440 At 31 March 2023 625,389 244,954 870,343 There Iwe no InVeStm￿t assets ouude the UK. Cost or valuation at 31 Marth 2024 is reprf¥entsd ty.. Cosh aEKI settlerner4ts pendirag Listed investments Totals Valualion In 2C124 897,997 18,443 916B40 The histoffi(31 cost Df InVestsrE￿ hdd at 31 March 2024 was £670,126 (2023: £550,524). Page 20 continued_.. NOTES TO THE FINANCIAL STATEMENTS- cofttithued FOR THE YEAR ENDED 31 MARCH 2024 10. DEBTORS: Amourirs FALUNG DUE wrrHIN ONE YEAR 2024 20 Trnde debtors Other debtors Prepayments and accrued Inu)rne 14,574 3,875 1,500 6,871 375 11,199 19,949 18,445 IL CEIRRENT ASSEfiNVEsfMEPITS 2024 2023 Investsmert (xsh 66,388 83,002 11 CREDITORS: AMOUNTS FALLING DUE WThHIN ONE YEAR 2024 2013 Trnde ¢x¢ditor5 Soclal security and ¢)ther taxes Other crethtors Accruals deferred income 16*88 13,89) 5,321 1,244 49,998 1,480 116,215 140,915 70,456 13. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Utbrestricted funds General fund 164753 (152A93) 9,261T Restricted fund5 Lund Humphries veni￿ Fdlowshlp 7,097 17,097) 7,097 {6,S57) 540 Emdowmentfunds Ourside tn Endowment Fund 953￿45 29,483 982A28 TOTAL FUNDS 1,122.195 (129,567) 992fi28 Page 21 continued... OUTSIDE IN ART NOTES TO THE FINANCNL ￿ATEmENTs- continued FOR THE YEAR ENDED 31 P4ARCH 2024 13. MOVENEwf FUNDS- ¢x)ntlnued Net movement in rttnds, induded in the abm a￿ as follows: Incoming esDufTr5 extEnded Gains ana Movernent in fu￿$ Unrestrirt￿l funds General fvnd 398,988 (551,481) C152A93) Restricted funds Lund Humphries Bribsh Art Nethtk Creative Minds Explore Art lohn Ulerman Found*i)n Art Sooety ArtW Support ￿yS veni￿ Fdlowship London Art Fair 1,4Y4 4,540 3,000 6,000 3.7SO 2￿00 (S￿71) (4,540) (3,000) (6.OOOJ (3,750) (2,600) (150) (L580) {1500) (7,IYJ7) 2,120 Endovmtent fund5 Our*de tn End(Mwment Fund (34691) (6￿57} 29A83 29,483 TOTAL FUNDS 425,122 (584.172) 29,483 cl29￿67} Comparatives for movemert in fvnds Net At 31.3.23 At 1.4.22 in funds Unrestritted fvnds G￿er3[ fuftd 130,860 30,893 161,753 Restrirted funds Lund Humphries {903) 7,097 Enthwment funds Outs02 In Endowment Furtd 1,094,341 {140,9961 953,345 TOTAL FIJNDS I,L3,201 (111,0061 1,122,195 ge22 ntinued... oiJrsEDE JN ART MOTES YO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 NARCH 2024 13. MOVEMENT IN FUNDS- continued Comparative net movernent in funds, indudd in the above are as folowt. Incoming Resources e¥pended Gains and Movpjnent n funds Ij￿￿￿trIcted funds General fund 601,923 IVl,030) 30,893 Restricted funds Lund Humphries 1903) (903) Endo%vmentfvnds (htsde In ￿oWM￿t Fund (140,996) (140,996) TofAL FUNDS 601,923 1571,933) (140,9961 (17 1,006) A Current year 12 months and prior year 12 moftths comixned pothon ts as follows: Net rnovement in fun¢ts At 31.3.24 At 1.4.23 Unr&stricted funds General fvnd 130,860 {121,6001 9,260 Lund Humphries veni￿ Felbwship (8,000) 540 540 8,000 (7,460) 540 Endow5nent funds Outside In Endowment Fund 1,094,341 {111,513) 982,828 TOTAL FUP4DS IB33,201 (2W,573} 2,628 Page 23 ntinued... OlnSlDE IN ART NOTES TO THE FINANCIAL SYATEMENTS- contiftued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT 111 FUNDS- contiThued A current year 12 M(￿thS and prfor year 12 months c(Xnb1￿ rtt movement in fvnds, induded in the above are as folkTrws: InwmirvJ Resour(es ended GaIr￿ aTrl Movement in funds Unrestrirted fvnds General fvnd 1,000,911 {1,122,511) 1121,600) Restricted funds Lund Hurnphries Br￿sh Art Nelworf< Cr*ive Minds Explore lohn Etlemian Foundabor) Art Sooety Arti* Support Days Vertice Fellowship London Art Fair 1,474 4540 3,OiJ) 6,0(KJ 3.750 2,600 150 2,120 2,500 {9,4741 (4,5401 (3,0￿) (6,000) (3,750) (2,600) {150) (1,580) 12,5001 (8,000) 540 E￿dOWMent futtds Out&de In Endowment Fund 26,134 (33.5941 (7,460) (111,513) (111,513) TOTAL FUNDS 1,027,045 {1,156,105) (111513) (240,573) Lund Humphri This fund isto used for a bookon (htsde In Art puljlth by Lund Huinphries. RELATED PARTY DISCLOSURES 14. During the year end￿ 31 Marth 2024 the Charity rec￿Ved a donation of £11,500 from I￿ar1¥ 4olls, a Trustee of the Charty. The Trus￿ are 3ble to ptsrehas¢ wodKs of artfrom the and the Ertysts on the *me terms as metnbers or the general public Pdge 24 oirrsIDE IN ART D￿AlLED STATEMENT OF FJNANCIAL AcrIvmES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMEKrs Donations and layaaes DO[￿tior￿S Grnrts Ènds subsuiptions Patrons subscriptions 50,067 323,479 115 5,600 93,950 418,543 175 14,50 379.461 527,168 Othor tradlng athvities Art work and Sponsorships Othw revenue ConfeTrnts and eyhibibon fees 22￿99 5,000 2,950 1,961 54,968 6,000 526 32AIO 61,494 Inv&ment income Dr￿dend income 12,851 13,261 Totsl incoming resour 425,122 601,923 EXPEMP)ThURE Othertrading athibés ymeatfor art sales Frnmes and ffliteriBIs 991 4,256 21,477 6.726 7,247 28,203 Inve5trTrent management costs Pcrtfolio fflanagement 1.085 ChJritsble actyvitses Wages 181 security Pens[c￿S Rent, rdtes and w*er 317,975 23R22 7,058 IS￿50 3,011 4,791 12.790 10,584 I￿32 43.072 30.090 1,952 280,525 20,444 5,901 18,527 2,212 3,741 13,737 4,970 385 17,510 15,578 2,411 3,265 23,514 24,392 2!37,112 Tdephone Postage and statlDnery Exhibtbon and tsirs Sundries Projett de￿Very fredarJ(E Projett expens Support (tsys EvalLOtv)n Travel and subsstence Computsrs and software Carried foNffird 24,111 15,423 514 561 page not form ofthe statsrtory financol tstem￿ts Page 25 TSIDE IN Airr DEfAfLED sfATEMENT OF FINANCIAL AcnvrtIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Chaiitsble actlviti Broughtforward Staff costs Access support Venue hire jbscripb.ons Re&den￿ Fees 514561 31,200 13,131 4J33 X,513 437,112 62,043 8,2 1930 3,151 3,250 564,738 533,119 Supportcosts nan Bank charg 266 387 Governano costs Independent eyamnation feÈs ProfÈsyonal ftes 4,910 5,926 4,500 5,724 10,836 10,224 Totsl e￿nded 584,172 1,933 Net (expenthrellincome before 9¥ins and 109ses (159,050) 29,990 Realised reg)gnised gains aNI l¢)sses Realsed galns/(losw) on fixed asset inyegfn (15,178) (23,413) HÈt {expend(tyre)/in¢ome (174.228) 6,￿7 Thls page dr￿ not forni part of the statUtsryfiTranO￿ #atements Page 26