|||||||||
|---|---|---|---|---|---|---|---|
|**Trustees' Annual Report**|||||**for theperiod**|||
|**From **|Period start date|||**To**|Period end date|||
||1|January|2022||31|December|2022|
## 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|||
||||||
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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**
## **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**
Constitution adopted 7 February 2017
Type of governing document
(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. trust, association, company)
(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 Vannucci Artists Residency (VAR) programme for international artists. VAR selects artists for residencies allowing them to grow and develop their practice while living and working within the village of Citta della Pieve, Italy
In addition to its Trustees, the Foundation relies on an Advisory and Mentoring Circle and its Curators to select artists for the VAR programme. During 2022 the Curator of the programme was Nicole Kluk.
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.
## **Section C Objectives and activities**
|**Summary of the objects of the**
**charity set out in its**
**governing document**
**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)**||•
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.|
|---|---|---|
|||The Trustees are 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 decision-
making in respect of activities described below.
The Trustees are excited to report that the Foundation was able to
resume its activities and welcome three artists to VAR residencies in
2022 after a suspension of operations during the pandemic lockdown
period. Details of the 2022 residencies are covered in Section D below.
Further description of the Foundation’s activities and the VAR
programme can be found on the VAR websiteVannucci Artist Residency
(vanartresidency.com)and Instagram accountVAR
(@vannucci_artist_residency)•Instagram photos and videos. This
includes text and beautiful photographs of the works of the VAR artists.
Citta della Pieve and the surrounding areas are known for staging a local
music festival and the activities of the Foundation contribute to the
regional profile as a destination for enjoying the Arts. The VAR
residencies provide an opportunity for exceptional international artists to
collaborate with artisans and reach out into the local village and
surrounding communities.
As well as the local communities, the public benefitted by the
Foundation’s activities 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.
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.
The artist we highlight this year is Yaya Yaijie Liang. Her progress since her 2022 residency has been outstanding and has resulted in her being given a solo exhibition ’Summer Palace’ (23 June - 22 July 2023) with Cob Gallery, as well as a group show in China.
The Foundation continues to monitor the progress of past residents and provide them with advice and career guidance available to them. We note the success of past residents – details are provided on the VAR website.
## **Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
Section D Achievements and performance
## **Summary of the main achievements of the charity during the year**
During the year, the Foundation granted three residencies. Victoria Cantons, Yaya Yajie Liang and Xu Yang participated in the 2022 VAR programme from 12 September – 11 October. As part of the residency, they were offered time and space away from their usual creative environment, giving them the opportunity to immerse themselves within the rich cultural and natural landscape of Italy, reflect on their practice, connect with the local community, and experiment with new materials and techniques.
The artists were accommodated in a private apartment with an adjoining artist's studio in Cittá della Pieve and provided with a weekly stipend and painting materials, and assistance with arranging a local travel programme.
During their time in Cittá della Pieve, Victoria Cantons, Yaya Yajie Liang and Xu Yang were encouraged to travel and explore the vast cultural offerings of Italy’s foremost artistic centres, immerse themselves in the art, architecture and history of these cities, and produce work in response to their explorations and discoveries. Below is a summary of the cities and sites they visited. **Assisi**
- Basilica di San Francesco d’Assisi **Florence** - San Marco Museum - The Sassetti Chapel - Accademia Gallery - Uffizi Gallery **Rome** - San Clemente - Galleria Borghese - Vatican Museum **Siena** - Complesso Museale Santa Maria della Scala - Duomo Collegiata di Santa Maria Assunta **Spello** - Chiesa di Santa Maria Maggiore **Spoleto** - Duomo di Spoleto
An open studio was hosted in Cittá della Pieve on Sunday 9th October, inviting artists, curators, collectors and other cultural supporters from Umbria’s community to visit the artists, explore their work and discuss how the residency and travel discoveries influenced their practice and encouraged new directions in their work. The residents were also given the opportunity to present and discuss their work with the local community.
As part of VAR, the artists also were offered the Foundation’s pledge to continue supporting their practice, as well as participation in the Advisory and Mentoring Circle. In return, the artists agreed to contribute to the ongoing operation of the VAR programme by leaving an artwork to the Foundation, created as a result of their residency experience, to be exhibited alongside the work of previous and future residents.
The Curator and Trustees also progressed the Foundation’s search for new residency candidates with the assistance of the Circle. It has a strong pipeline of potential candidates waiting for its residency
Section D Achievements and erformance p
programme in the coming years.
## **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.
**Details of any funds materially in deficit**
No funds were materially in deficit.
## **Further financial review details (Optional information)**
The activities and costs of the VAR programme in 2022 were detailed in proposals and agreements with each of the artists approved by the Foundation’s Trustees.
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
These were met by cash in the Foundation’s bank accounts, and cash and in-kind donations by Lady Deighton, the Founder and Chair of the Foundation, in order to support the artists’ VAR residencies.
- how expenditure has supported the key objectives of the charity;
- Lady Deighton’s in-kind donations consisted of: (i) the use of a studio
- supported the key objectives apartment, including facilities, and (ii) other facilities and services, valued
- of the charity; in the aggregate at £9,900 (£3,300 for each of the VAR residencies).
- • investment policy and They were reviewed and approved by the two independent trustees of objectives including any the Foundation on 14 December 2022. 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 Ida Levine (Sep 1, 2023, 2:28pm) **Full name(s)** Ida Levine **Position (eg Secretary, Chair, etc)** Ida Levine **Date** 01 Sep 2023
||**The Deighton Family Foundation**|**The Deighton Family Foundation**|**The Deighton Family Foundation**|**1171511**|**1171511**|**1171511**|**CC16a**|
|---|---|---|---|---|---|---|---|
||**For the period**
**from**|01-Jan-22|**To**||31-Dec-22|||
|||||||||
|**Section A Receipts and payments**||||||||
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**30,000**
**9,900**
**7**
**-**
**-**
**-**
**-**
**-**
**39,907**
**-**
**-**
**-**
**39,907**
**35**
**-**
**499**
**20,272**
**1,170**
**-**
**515**
**730**
**- 988**
**22,233**
**9,900**
**-**
**9,900**
**32,133**
**7,774**
**-**
**13,197**
**20,971**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**Total funds**
**to the nearest £**
**30,000**
**9,900**
**7**
**-**
**-**
**-**
**-**
**-**
**39,907**
**-**
**-**
**-**
**39,907**
**35**
**-**
**499**
**20,272**
**1,170**
**-**
**515**
**730**
**- 988**
**22,233**
**9,900**
**-**
**9,900**||**Last year**
**to the nearest £**|
|Donations|**30,000**||||||**-**|
|Donations in kind|**9,900**||||||**-**|
|Investment income|**7**||||||**-**|
||**-**||||||**-**|
||**-**||||||**-**|
||**-**||||||**-**|
||**-**||||||**-**|
||**-**||||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**39,907**||||||**-**|
|||||||||
|**A2 Asset and investment sales,**
**(see table).**||||||||
||**-**|||||||
||**-**||||||**-**|
|**_Sub total_**|**-**||||||**-**|
|**_Total receipts_**
**A3 Payments**||||||||
||||||||**-**|
|||||||||
|Legal and Professional fees|**35**||||||**275**|
|Computer costs|**-**||||||**-**|
|Bank fees|**499**||||||**477**|
|Residencyand artist costs|**20,272**||||||**- 709**|
|Accountancyfees|**1,170**||||||**1,332**|
|Travel|**-**||||||**- 831**|
|Subscriptions|**515**||||||**540**|
|Postage|**730**||||||**-**|
|Bank revaluations|**- 988**||||||**-**|
|**_Sub total_ **|**22,233**||||||**1,084**|
|||||||||
|**A4 Asset and investment**
**purchases, (see table)**||||||||
|Donations in kind|**9,900**|||||||
||**-**|||||||
|**_Sub total_ **|**9,900**||||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||||
||||||**32,133**||**1,084**|
||||||**7,774**|||
||**7,774**|**-**|**-**||**7,774**||**- 1,084**|
||**-**|**-**|**-**||**-**||**-**|
||**13,197**|**-**|**-**||**13,197**||**14,281**|
||**20,971**|**-**|**-**||**20,971**||**13,197**|
CCXX R1 accounts (SS)
30/08/2023
1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
Donated artwork
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Bank Balances
**Details**
**Details**
**Details**
Accountancy
Signature
Ida Levine (Sep 1, 2023, 2:28pm)
Ida Levine|**Unrestricted**
**funds**
**to nearest £**
**20,971**
**-**
**-**|**Unrestricted**
**funds**
**to nearest £**
**20,971**
**-**
**-**|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|---|---|
|||**20,971**||**-**|**-**|
|||**-**||**-**|**-**|
|||**-**||**-**|**-**|
|||**20,971**||**-**|**-**|
|||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||OK|OK|
||||||**Endowment**
**funds**
**to nearest £**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**Current value**
**(optional)**|
||||||**15,000**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**Current value**
**(optional)**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**When due**
**(optional)**|
|||||||
|||||||
|||||||
|||||||
|||||||
|||||||
||||||Date of
approval|
||Ida Levine|Ida Levine|||01 Sep 2023|
||Ida Levine (Sep 1, 2023, 2:28pm)|||||
CCXX R2 accounts (SS)
30/08/2023
2
## **Independent Examiner's Report to the Trustees of The Deighton Family Foundation CIO**
I report to the charity trustees on my examination of the accounts of the The Deighton Family Foundation CIO for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Price Bailey LLP have provided book-keeping services to the Charity. I have applied the FRC’s Revised Ethical Standard.
## **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 giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Helena Wilkinson FCA DChA
Price Bailey LLP Chartered Accountants Anglia House, 6 Central Avenue,
St Andrews Business Park,
Norwich,
NR7 0HR
Date: 4 September 2023