||**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**for the period**|**for the period**|**for the period**|
|---|---|---|---|---|---|---|---|---|
||**From**|Period start date|||**To**|Period end date|||
|||1|January|2021||31|December|2021|



## 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<br>2<br>3<br>4<br>5<br>6<br>7<br>8<br>9<br>10<br>11<br>12<br>13<br>14<br>15<br>16<br>17<br>18|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**<br>**year**|**Name of person (or body) entitled**<br>**to appoint trustee(if any)**|
|---|---|---|---|---|
||Mary Margaret<br>Reilly||||
||Ida Louise Levine||||
||Lady Alison Zoe<br>Deighton|Founder and Chair|||
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## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** 

**Name Dates acted if not for whole year** 

March **2012** 

**TAR** 

1 



## **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**<br>**Name**<br>**Address**|||
|**Accountants**|Price Bailey LLP|Anglia House, 6 Central Avenue, St Andrews Business<br>Park, Thorpe St Andrew, Norwich, NR7 0HR|
||||
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## **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. VAR selects artists for residencies 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 as follows: 

- 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. 

March **2012** 

**TAR** 

2 



## **Section C                    Objectives and activities** 

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

- ! 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. 

- ! 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. 

**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)** 

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 2021, the Foundation 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. 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. 

March **2012** 

**TAR** 

3 



Looking out into the future, once it is able, the Foundation plans to continue its residency programme - and ultimately stage a special exhibit of artworks created by resident artists when it has a suitable number of works to show. 

In the meantime, it has been monitoring the progress of past residents and continues to make advice and career guidance available to them. 

This year, we note the success of our alumnus Rana Begum, originally from Bangladesh, whose work focuses on the interplay between light and colour.  Rana has been commissioned to provide a high-profile new outdoor installation called “Catching Colour” in Botanic Square near London City Island. 

The Foundation looks for opportunities to introduce VAR artists’ work to the Art world – including curators and gallery owners - whenever possible.  It also provides any support 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. 

March **2012** 

**TAR** 

4 



## 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 2021, 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. 

March **2012** 

**TAR** 

5 



## **Section E                    Financial review** 

**Brief statement of the charity’s policy on reserves** 

The Foundation’s policy is always to maintain sufficient funds to finance at least two residencies each year.  To supplement private donations, it 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)** 

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

During 2021 the ongoing expenses of the Foundation were met by cash in the Foundation’s bank accounts. 

- ! 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) Full name(s)** Ida LevineIda Levine (Jun 14, 2022, 7:30am) **Position (eg Secretary, Chair,** Trustee **etc) Date** 14 Jun 2022 

March **2012** 

**TAR** 

6 




**1171511** 

**The Deighton Family Foundation 1171511 Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts** 

**Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period** 01-Jan-21 31-Dec-21 **To from** 

## **Section A Receipts and payments** 

|**A1 Receipts**|**Unrestricted**<br>**funds**<br>**to the nearest      £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br> **-**<br>**275**<br>**-**<br>**477**<br>**-                        709**<br>**1,332**<br>**-                        831**<br>**540**<br>**-**<br>**-**<br> **1,084**|**Restricted**<br>**funds**<br>**to the nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**Endowment**<br>**funds**<br>**to the nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**Total funds**<br>**to the nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**275**<br>**-**<br>**477**<br>**-                        709**<br>**1,332**<br>**-                        831**<br>**540**<br>**-**<br>**-**<br>**1,084**|**Last year**<br>**to the nearest £**|
|---|---|---|---|---|---|
||**-**||||**-**|
||**-**||||**-**|
||**-**||||**-**|
||**-**||||**-**|
||**-**||||**-**|
||**-**||||**-**|
||**-**||||**-**|
||**-**||||**-**|
|**_Sub total_**_(Gross income for_<br>_AR)_|**-**||||**-**|
|||||||
|**A2 Asset and investment sales,**<br>**(see table).**||||||
||**-**|||||
||**-**||||**-**|
|**_Sub total_**|**-**||||**-**|
|**_Total receipts_ **<br>**A3 Payments**||||||
||||||**-**|
|||||||
|Legal and Professional fees|**275**|**-**|**-**|**275**|**155**|
|Computer costs|**-**|**-**|**-**|**-**|**-**|
|Bank fees|**477**|**-**|**-**|**477**|**542**|
|Residencyand artist costs|**-                        709**|**-**|**-**|**-                        709**|**1,351**|
|Accountancyfees|**1,332**|**-**|**-**|**1,332**|**3,135**|
|Travel|**-                        831**|**-**|**-**|**-                        831**|**835**|
|Subscriptions|**540**|**-**|**-**|**540**|**432**|
||**-**|**-**|**-**|**-**|**-**|
||**-**|**-**|**-**|**-**|**-**|
|**_Sub total_ **|**1,084**|**-**|**-**|**1,084**|**6,450**|



|**A4 Asset and investment**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|**purchases, (see table)**|||||||||||
||**-**||**-**|||**-**||**-**|||
||**-**||**-**|||**-**||**-**|||
|**_Sub total_ **|**-**||**-**|||**-**||**-**||**-**|
||||||||||||
|**_Total payments_**|**1,084**||**-**|||**-**||**1,084**||**6,450**|
|**_Net of receipts/(payments)_**|**-                  1,084**||**-**|||**-**||**-                  1,084**||**-                6,450**|
|**A5 Transfers between funds**|**-**||**-**||**-**|||**-**||**-**|
|**A6 Cash funds last year end**|**14,281**||**-**||**-**|||**14,281**||**20,731**|
|**_Cash funds this year end_**|**13,197**||**-**|||**-**||**13,197**||**14,281**|



CCXX R1 accounts (SS) 

26/05/2022 

1 



|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**||
|---|---|---|---|---|
|**Categories**<br>**B5 Liabilities**<br>**B3 Investment assets**<br>**B2 Other monetary assets**<br>**B4 Assets retained for the**<br>**charity’s own use**<br>**B1 Cash funds**|**Details**<br>Donated artwork<br>**Details**<br>**_Total cash funds_**<br>(agree balances with receipts and payments<br>account(s))<br>Bank Balances<br>**Details**<br>**Details**<br>**Details**<br>Accountancy|**Unrestricted**<br>**funds**<br>**to nearest £**<br>**13,197**<br>**-**<br>**-**<br>**13,197**<br>OK<br>**Unrestricted**<br>**funds**<br>**to nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**Fund to which**<br>**asset belongs**<br>**Unrestricted**<br>**Fund to which**<br>**asset belongs**<br>**Fund to which**<br>**liability relates**<br>Unrestricted|**Restricted**<br>**funds**<br>**to nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>OK<br>**Restricted**<br>**funds**<br>**to nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**Cost (optional)**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**Cost (optional)**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**Amount due**<br>**(optional)**<br>**1,200**<br>**-**<br>**-**<br>**-**<br>**-**|**Endowment**<br>**funds**<br>**to nearest £**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||OK|
|||||**Endowment**<br>**funds**<br>**to nearest £**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**Current value**<br>**(optional)**|
|||||**15,000**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**Current value**<br>**(optional)**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**When due**<br>**(optional)**|
||Accountancy|Unrestricted|**1,200**||
||||**-**||
||||**-**||
||||**-**||
||||**-**||



Signed by one or two trustees on behalf of all the trustees Signature Ida Levien ~~Ida Levine (Jun 14, 2022, 7:30am)~~ 

Print Name 

Date of approval 14 Jun 2022 

CCXX R2 accounts (SS) 

26/05/2022 

2 




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