2020-12-31-accounts - The Deighton Family Foundation

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Trustees' Annual Report					for theperiod
From	Period start date			To	Period end date
	1	January	2020		31	December	2020

Section A Reference and administration details

Charity name

The Deighton Family Foundation CIO

Other names charity is known by Registered charity number (if any) 1171511

Charity's principal address 7 SAVOY COURT LONDON

Postcode WC2R 0EX

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
	Mary Margaret Reilly
	Ida Louise Levine
	Lady Alison Zoe Deighton	Founder and Chair

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

TAR

March 2012

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Accountants	Price Bailey LLP	Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, NR7 0HR

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Constitution adopted 7 February 2017

(eg. trust deed, constitution)

Charitable Incorporated Organisation How the charity is constituted

(eg. trust, association, company)

Appointed by the board of trustees Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

The Foundation operates the VAR residency programme for international artists. Each year it selects one or more artists for the programme allowing them to grow and develop their practice while living and working within the local community in Citta della Pieve, Italy

In addition to its Trustees, the Foundation relies on an Advisory and Mentoring Circle and its Curators, Tamar and Eli Zagury, to select artists for the VAR programme.

The Circle is comprised of arts professionals – including curators, collectors, artists and gallery owners. These experts are champions of emerging artists in their professional lives - discovering and launching the careers of international contemporary artists. Over the years, they have assisted the Foundation in developing specific and objective selection criteria which are applied each year in identifying candidates for the residency programme.

The Foundation follows a robust annual selection and approval procedure for artist residencies:

1) The Circle identifies a pool of candidates for the year’s residency programme.
2) The Foundation sends invitations to candidates to submit proposals for the residency.
3) The Foundation’s curators review candidate proposals and make final recommendations to the Trustees.
4) The Trustees review candidate proposals and the curators’ recommendations.
5) There is final approval by the Trustees of successful candidates.

TAR

March 2012

Section C Objectives and activities

To promote the arts through cultural exchange and the development of artists to allow them to pursue their training and education through amongst other things an artist's residency program in Italy.
To advance education, knowledge and appreciation of the arts, including but not limited to painting, sculpture, performance art and digital and video installations, amongst the general public by public exhibition of art in the United Kingdom, Italy or elsewhere.

Summary of the objects of the charity set out in its governing document

To promote public health and wellbeing of the public anywhere in the world by supporting scientific research into the causes and cures of disease, as the trustees see fit.
To promote educational initiatives anywhere in the world aimed at improving and rebuilding lives through the development of learning and skills, as the trustees see fit.
To advance such exclusively charitable purposes for the public benefit in any part of the world as the trustees in their absolute discretion think fit, in particular for the advancement of arts and culture, health and education.

The Trustees are always mindful of the Charity Commission’s guidance on public benefit in planning the Foundation’s activities each year. The Foundation’s stated objectives inform its work programme and decisionmaking in respect of activities described below.

During 2020, the Foundation’s fourth year of operation, it was unable to grant any residencies because of the global pandemic and resulting restrictions on movement and travel. Once borders open again, and artists can travel to Italy, move freely and enjoy the full benefits of a VAR residency, the Foundation will resume its programme.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Citta della Pieve and the surrounding areas are already known for staging a local music festival and there is a great desire to continue to build the regional profile as a destination for enjoying the Arts. As before there will be a focus on providing an opportunity to exceptional international artists to collaborate with artisans and reach out into the local village and surrounding communities.

The public benefitted by the Foundation’s activities also includes a designated group – namely the artists who are selected for the Foundation’s residency programme in accordance with the selection procedure outlined above. The criteria - that have been developed with the assistance of the Circle - include a demonstrated ability to communicate and engage with the local community, and a willingness to interact and contribute to it – as well as a desire to engage with the broader global artistic community through their own and the Foundation’s social media networks and websites.

The artists receive no direct commercial benefit from their participation in the residency programme, and indeed must commit to reimbursing all or a proportion of the costs of the residency (depending on their financial ability) to the Foundation, in order to ensure the residency programme’s continuing viability.

TAR

March 2012

Looking out into the future, once it is able, the Foundation plans to continue its residency programme- and stage a special exhibit of artworks created by previous resident artists. It monitors the progress of these past residents and continues to provide input and career guidance to them. It looks for opportunities to introduce their work to the Art world – including curators and gallery owners - whenever possible. It also provides any support VAR artists require when applying for other residencies or competitions. Finally, it aims to find ways to include their works in exhibits at galleries and museums as determined by the Foundation and its resident artists, including in Italy, the UK and/or the home country of the artist.

Additional details of objectives and activities (Optional information)

N/A

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

TAR

March 2012

Section D Achievements and performance

Summary of the main achievements of the charity during the year

As noted above, during the year the Foundation was unable to grant any residencies to new artists due to the global pandemic. However, it remained in touch with its resident artists from previous years. In 2020, the Foundation continued to monitor progress and support the careers of its VAR alumni in any way possible during this extremely difficult period.

The Curators and Trustees also progressed the Foundation’s search for new residency candidates with the assistance of the Circle. It has a strong pool of potential candidates waiting for its residency programme to re-open, and will endeavour to start the programme again as soon as it is able in 2021/2022.

TAR

March 2012

Section E Financial review

The Foundation’s policy is always to maintain sufficient funds to finance Brief statement of the at least two residencies each year. To supplement private donations, it charity’s policy on reserves does this by requiring each of its resident artists to agree that it is entitled to seek reimbursement of the costs of the residency, either in cash or by providing it with selected works of art for sale by the Foundation.

Details of any funds materially No funds were materially in deficit. in deficit

Further financial review details (Optional information)

During 2020 the ongoing expenses of the Foundation were met by cash You may choose to include in the Foundation’s bank accounts. additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

N/A

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Ida Levine Full name(s) Ida Levine Ida Levine (Oct 5, 2021, 5:04pm) Position (eg Secretary, Chair, Trustee etc) Date 05 Oct 2021

TAR

March 2012

The Deighton Family Foundation 1171511 Receipts and payments accounts CC16a For the period 01-Jan-20 31-Dec-20 To from

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ - - - - - - - - - - - - - 155 - 542 1,351 3,135 835 432 - - 6,450 - - - 6,450 - 6,450 - 20,731 14,281	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £	Total funds to the nearest £ - - - - - - - - - - - - - 155 - 542 1,351 3,135 835 432 - - 6,450 - - - 6,450 - 6,450	Last year to the nearest £
	-		- - - - - - - - -	-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
*Sub total*(Gross income for AR)	-			-	-

A2 Asset and investment sales, (see table).
	-		- - -	-
	-			-	-
*Sub total*	-			-	-
*Total receipts* A3 Payments
			-	-	-

Legal and Professional fees	155		- - - - - - - - - -	155	120
Computer costs	-			-	-
Bank fees	542			542	501
Residencyand artist costs	1,351			1,351	2,215
Accountancyfees	3,135			3,135	-
Travel	835			835	-
Subscriptions	432			432	-
	-			-	-
	-			-	-
**Sub total **	6,450			6,450	2,836

A4 Asset and investment purchases, (see table)
	-		- - -	-
	-			-
**Sub total **	-			-	-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
			-	6,450	2,836

	- 6,450	-	-	- 6,450	- 2,836
	-	-	- -	-	-
	20,731	-		20,731	23,567
	14,281	-	-	14,281	20,731

CCXX R1 accounts (SS)

03/10/2021

Section B Statement of assets and liabilities at the end of the period

Details Donated artwork Details *Total cash funds* (agree balances with receipts and payments account(s)) Bank Balances Details Details Details Accountancy Signature ~~Ida Levine~~	Unrestricted funds Restricted funds to nearest £ to nearest £ 14,281 - - - - - 14,281 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Unrestricted - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) Unrestricted 1,200 - - - - Print Name Ida Levine	Endowment funds to nearest £
		-
		-
		-
		-
		OK
		Endowment funds to nearest £
		-
		-
		-
		-
		-
		-
		Current value (optional)
		15,000
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		-
		-
		-
		-
		When due (optional)






		Date of approval
	Ida Levine	05 Oct 2021
~~Ida Levine~~

~~Ida Levine (Oct 5, 2021, 5:04pm)~~

CCXX R2 accounts (SS)

03/10/2021

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name THE DEIGHTON FAMILY FOUNDATION members of

On accounts for the year 31 DECEMBER 2020 Charity no 1171511 ended (if any) Set out on pages 1-10 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2020.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 07 October 2021 Signed: Name: Helena Wilkinson Relevant professional FCA DChA qualification(s) or body (if any): Address: Price Bailey LLP, Chartered Accountants Anglia House, 6 Central Avenue, St Andrews Business Park Thorpe St Andrew, Norwich NR7 0HR

October 2020

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

October 2020

IER