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2022-12-31-accounts

Company Registration number: 03938363

Charity Registration number: 1181492

G39 (A company limited by guarantee and not having share capital)

Report of the Trustees and Financial Statements For the Period Ended 31[st] December 2022

Contents

Report of the Trustees 2
Report of the Independent Examiner 17
Statement of Financial Activities 18
Balance Sheet 19
Notes to the Financial Statements 20
Chartered Accountants Report 32

Trustees’ Annual Report

Accounting period: 1[st] January 2022 to 31[st] December 2022

Reference and Administrative details

Charity name g39

Charity registration number 1181492 Charity’s principal address G39 Oxford St, Cardiff CF24 3DT

Summary

Having supported visual artists in Wales for over two decades, g39’s longevity as an organisation is in part due to its responsiveness and adaptability in the face of a changing landscape for artists and audiences. In the past three years we have seen some of the most significant changes in that landscape that we are likely to see in a lifetime.

In 2021 we g39 made socio-economic disadvantage a central theme in our programming and operations and secured funds from two sources, including from Art Fund, for activity that addresses socio-economic disadvantage through research, testing and implementation of schemes and programmes. The activity supported by Art Fund began in 2022 and the projects are due to continue until December 2023. .

Objectives and Activities

The Objects of the Charity are to advance and promote contemporary visual arts for the benefit of the public in particular but not exclusively by providing exhibition space for Welsh and other contemporary visual artists, and by providing training and other similar resources to artists and to the public.

Our vision is a future where visual art practice is accessible to all regardless of background or circumstances. It is a society in which visual art and culture are resourced and supported as a right, and as a means to understand the cultural values of Wales.

We are pleased that our vision is supported by a growing consensus within Wales that the arts can foster and nurture both individual psychological resilience and community resilience. At the core of our conviction is the belief that artists are agents for change. In Wales this change is defined in part by the Well-Being of Future Generations (Wales) Act 2015 . Universal access to arts education and participation are highly effective means of achieving the goals set out in the legislation: our creative agility as a nation will influence the perception of Wales as a healthy, prosperous, equal and resilient country, both within our borders and internationally.

g39’s work is a crucial contributor to the arts ecology in Wales. We are:

2

We carry out those objectives via the following core activities:

Those core activities have evolved in recognition of the need for:

Trustee statement

The trustees acknowledge their responsibilities for complying with the requirements of guidance issued by the Charity Commission on public benefit (gained via Commission guidance booklets and bespoke Trustee Training sessions).

3

Summary of the main achievements and performance of the charity

The right to culture is a human right. “At a time when artists, global majorities, cultural heritage and cultural expressions are increasingly under attack, defending the cultural rights of individuals and communities has never been more important.” UNESCO, The Right to Culture, 2018. Our message counters the perception that artists come from ‘elsewhere’, and we strive to demonstrate how artists should be seen as belonging to their communities, societies, nations, by advocating for artists as valuable agents of change within their communities.

In 2022 we worked with partnership funding from Jerwood Arts to run the UNITe Residency , which supported 5 artists from diverse groups to develop and test ideas in a shared studio setting. The accompanying programme of mentoring, talks and workshops was designed to offer further professional development. The artists were also offered pastoral support and life coaching sessions. At the end of the residency period, a public Open Studios event presented studio work in progress and allowed audiences rare insight into the behind the scenes processes involved in creating contemporary visual art. The opportunity for the public to gain this kind of insight is an important aspect of our work towards bridging the gap between audiences and contemporary art practice.

Jerwood Arts funding also supported a paid Internship associated with the UNITe residency. The Internship provided an early career professional with training, mentorship and hands-on experience of working within an arts organisation. g39 has provided a paid internship opportunity continuously for the past 15 years. We have seen those interns go on to work in many roles within the arts, contributing to best practice, public accessibility and creative excellence enhancing the experience of audiences in Wales.

The g39 Fellowship , funded through a partnership with Freelands Foundation, alongside equivalent initiatives in Belfast, Edinburgh and Sheffield, continued in 2022 with 5 artists taking part in a structured programme of studio practice, professional development and self-directed research at g39 over a period of two years with financial support. The programme is unique in Wales and complements the ongoing support g39 offers artists in Wales. The general public are given the chance to see the result of some of that investment in artists through 2 exhibitions, one organised by Freelands Foundation at their London venue and the other organised by g39 in Cardiff.

During 2022 g39 also presented 3 exhibitions in our gallery, including commissions for 5 artists and a short residency for 1 artist creating experimental new work. The exhibitions attracted wide ranging audiences through an offer including playful interactive content, performance, social events and work communicating diverse perspectives.

The professional development programme that ran through the year brought in 38 artists and curators to help us deliver the programme, contributing £9,500 towards the Arts sector economy.

The difference g39’s work has made to its beneficiaries and society as a whole: Our commitment to a diverse programme

4

Following the successful implementation of g39’s Positive Action approach to its offer of commissions and residencies in 2020, we continue to apply this to our open calls and opportunities offered during 2022. Positive Action enables us to further increase the diversity of the artists supported and featured in g39’s programmed content. It uses proportionate action to achieve fuller and more effective equality outcomes for members of groups that are socially or economically disadvantaged or excluded, or who otherwise face the consequences of past or present discrimination or disadvantage..

The Jerwood UNITe residency was selected to include at least two ringfenced spaces for artists of colour. We saw an increase of 5% in applications from artists of colour in this round compared to the previous year.

Our events have continued to promote inclusivity and wider engagement, ensuring schemes and resources are accessible to minoritised groups. During 2022, in partnership with Disability Arts Cymru, delivered their Creativity is Mistakes project, a multi-year project of in-depth mentoring and support for artists supported by Arts Council of Wales’s Connect & Flourish scheme.

We looked at how g39 can best support individuals, artists and staff as they experience additional new challenges. Staff continued to receive training to pay special attention to the mental health and wellbeing of our constituents.

Our data collection from the period indicates that a third of g39’s events during the year were delivered by or targeting people with protected characteristics (these were mainly BME groups and disabled people); and a third of featured artists were from diverse backgrounds. The diversity of our casual audiences and participants is more difficult to gauge because we don’t collect data from them as comprehensively, but we estimate that a fifth of the people we connect with via our activities belong to a protected characteristic group.

Working with artists and curators to deliver more than 20 talks and workshops our Public Programme has attracted around 400 beneficiaries across the year. In addition, our exhibitions, events and newsletters have reached more than 2400 people , bringing them together with contemporary visual art and connecting them with the information, opportunities and networks that enhance their experiences, build knowledge and increase confidence in pursuing their interest in the arts.

Exhibitions such as tibrO yalP, a show featuring 4 artist commissions, centred around play of all kinds; play as a political tool, in opposition to 'work', play where it is not viewed instrumentally as an early-years vehicle to learning that we’re encouraged to eventually set aside. This exhibition’s theme and interactive content drew new multi-generational audiences to our gallery . Children, parents and grandparents participated and there was an energetic social atmosphere to the launch event. tibrO yalP was the first in a series of commissions in collaboration with existing groups, initiatives, schools and sculptors to expand and change the attendance and use of the gallery.

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Summary of targets and performance


Aim
Activity		 Target Performance
To increase the programme’s
inclusivity and accessibility for
audiences		 Create events that are accessible
for a wider range of audiences		 Deliver 4 daytime previews and 4
daytime events within g39’s
programme		 We held1 daytime workshop
and breakfast club event
hosted by Ruth Fabby (DAC) and
Fran Flaherty (Dyer centre for the
advancement of Deaf culture,
NY). We rantwo workshops
with Delphi Campbell.
We held1 daytime exhibition
preview(_tibrO yalP_daytime
launch) and1 daytime
screenprinting workshopfor
Criw Celf members - young
people aged 16 - 18 - with artist
Shaun James).
We held1 daytime preview (for
the UNITe residencyclosing
event).
To increase access and inclusion
targeted toward socio-economic
inequality		 Help build knowledge and skills
that support people with low
income.		 Deliver 2 free workshops and
create free resources about
using freeware in artist practice
(design/ film/ music)		 We delivered 1 Zine making
workshop and resources as part
of Aildanio.An accessible
version of the first resource is
in production.
We invited Nic Finch to deliver
two workshops about using
freeware in artistic practice.
Nic has beencommissioned to

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create accompanying
resources that g39 will publish
for free,for people who didn’t
attend the workshops.
Address underrepresentation in
the visual arts		 Ring fence places for
underrepresented artists within
our residency schemes.		 Support 9 underrepresented
artists in g39’s studio residency
schemes (Jerwood UNITe,
Fellowship)		 Five underrepresented artists
undertook the UNITe residency
and four artists (of eleven)
being supported via the
Fellowship are from
underrepresented groups.
In addition to the fellowship and
UNITe targets, wesupported a
further 15 artists through the
Creativity Is Mistakes
mentoring programme
To bring art and artists into more
people’s lives		 Programme a diverse range of
accessible exhibitions		 Present 5 exhibitions within g39’s
programme		 We have presented theAildanio
exhibitionfor the DAC Art Prize,
which included the work of 27
artists. The show is now touring
venues across Wales.
Artists shortlisted for theJarman
Award 2022 had their work
featured in the g39 Cinemaand
website.
We have presentedtwo further
exhibitions:tibrO yalP and Kath
Ashill’s solo exhibition_Principal_
Boy(Ft. Len Blanco & Megan
Winstone) and working with

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Common Wealth, Llanrumney.
Both exhibitions broadened g39’s
audiences and engaged groups
who are not regular exhibition
attendees.
We presented an exhibition at
theculmination of the Jerwood
UNITe studio residency.
A diverse programme Continuing
our commitment to disabled and
d/Deaf artists and audiences.		 Ensure that our programme is
inclusive of disabled and d/Deaf
artists and audiences		 17% of our public talks and 1-2-1
sessions will be delivered by
disabled and Deaf artists/
trainers (7 of 42 sessions)
We will deliver 12 mentor
sessions to five disabled and
d/Deaf artists via DAC’s
Creativity is Mistakes mentoring
programme		 Artist Delphi Campbell
delivered a Situated
Psychogeography workshop
and a Zine making workshop.
Fran Flaherty, director of Dyer
Arts Center for the
advancement of deaf cultureat
Rochester, NY and Ruth Fabby
gavea Breakfast Club talk
during the Aildanio exhibition.
FilmmakerJay Bedwani gave a
talk about his work and
processes.
Kath Ashill and Helen Starr (The
Mechatronic Library)recorded
an in-conversation for
broadcast.
Hannah Wallis, a profoundly
deaf artist, and Stephen
Sutcliffe who is registered

8

disabled, both delivered online 1-2-1 portfolio sessions with this year’s UNITe artists. Our talks programme included April Lin林森 and a screening of the Selected 12 programme of films that have a focus on Neurodiverse filmmakers. A review of marketing and online working was commissioned from Joshua Jones, who identifies as working class, queer and neurodiverse. We hosted a live discussion event with Dolly Sen and Caroline Cardus, and a screening of Dolly’s short film Broken Hearts for the DUP. The event was a blended IRL-online, with 28 attendees (12 IRL and 16 online) Four group mentoring sessions have been delivered to 4 artists and Two one-to-one sessions have been delivered as part of Creativity is Mistakes.

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Three members of the current
Fellowship intake are also
receiving longer term
mentoring.
We are hosted adiscussion
eventby Amanda Wells.
Increase the use of Welsh in our
programmes and promote the
Welsh language		 Include original Welsh Language
texts in our programme		 Undertake 3 new commissions
that are originating in Welsh (text
and / or spoken) within the
exhibition programme		 New texts were produced by
Sara Louise Wheeleras part of
the Aildanio exhibition. In
addition, she generatedWelsh
language audio guides.
For the handout essay with
Principal Boy,Dylan Huw was
invited to respond to the
exhibition,an essay in Welsh
was translated into English for
the exhibition.

10

Financial Review

G39’s financial position

G39’s total income in the last financial year (Jan-Dec 2022) was £379,317 and our total expenditure was £315,023

Amount of reserves held

On 31 Dec 2022 our reserves position was £159,599 (£79,317 restricted and £80,283 unrestricted)

Reserves policy

g39 takes a resilience-oriented approach toward reserves designed to provide the ability to continue with our work through periods of lower funding and revenue or higher costs than planned. We want to ensure that we have the ability to invest in future opportunities, people and research and that we can develop and innovate within the sector.

The purpose of our Reserves Policy is to:

To allow for succession planning and development of the organisation and its financial stability the focus of g39 in the coming years is to consolidate funding streams and this formed the rationale of our Arts Council of Wales Investment Review proposal. The outcome will be known in late 2023. Until that time we believe g39’s reserves is best utilised as a financial buffer for retaining key staff in the event of fluctuating project funds being insufficient to cover core costs, or our fundraising efforts not being successful (50% of g39’s salary costs are normally met by project grants, earned income and donations).

Additional information: g39’s principal sources of funds

g39 is experienced in responding to sea-changes in policy, funders’ priorities and available financial resources. The way that g39 has operated in the past, through necessity, makes financial management a complex process that navigates a number of project funding streams. This period addresses our longer-term goal, to address the capacity of the organisation and consolidate core costs.

G39 operates with a mixture of funding streams, several of which are administered by the Arts Council of Wales (including, currently, a three-year Revenue agreement and various Lottery-funded project grants). Our track record of securing diverse funds for activity is good: on average two-thirds of the organisation’s income is from non-public sources (i.e. Lottery funds, charity and trust funds, partner projects,

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earned income and donations).

In 2018 we secured £375,000 from Freelands Foundation to run a fellowship programme for artists at g39 between 2018-23 (of which 23% or £84,840 was budgeted for Jan-Dec 2022). In 2019 we secured £62,430 from Jerwood Arts to run a two year studio residency scheme for artists, particularly those facing barriers to pursuing a visual arts practice. The programme start was delayed by Covid. The second year of the residency was held in 2022 with an allocated budget of £32,215.

Core funds

Current levels of portfolio funding were established by the Arts Council of Wales thirteen years ago, in 2010. However, our core costs (and project costs) have increased substantially. Following our relocation to our current premises in 2011, we are able to develop plural strands of our current programme and make changes in accessibility for audiences and to increase support for artists. In those years of transformation there has been no change financially – in actual or inflationary terms – in the level of portfolio funding support from the Arts Council of Wales. As a result, a mosaic of funding from multiple sources contributes to core operating costs. While this demonstrates our potential for innovative and far-reaching work and success in fundraising to secure core costs diverse sources, it also presents problems. Often these partnership projects demand increased output - thus growing this core operating cost and overstretching workforce capacity.

Our focus for the years ahead is to stabilise core funding through longer term funding partnerships.

Earned income and trading As a registered charity, g39’s governing document states that we have powers to raise funds including trading (but excluding taxable trading). The Charity Commission's guidance specified that non-taxable trading may include activity that "helps your charity’s primary purpose” and gives examples of a college selling students text books or a museum running a cafe for visitors.

We are building on existing income streams and plan to develop new ones that help g39’s primary purpose.

Our current trading situation does not warrant a trading arm, and is unlikely to in the near future. Any trading that falls outside of the charity’s primary purpose (e.g. car park hires) will be allowed by the Small Trading tax exemption, which grants tax exemption on any profits up to the value of 25% of g39’s turnover.

In 2022 we saw a 58% increase in income from car parking hires compared with 2021 figures taking the income back to levels similar to pre-covid amounts. We also saw a doubling in sales f rom our refreshments bar at events.

Donations In 2021 we implemented a new digital infrastructure to support fundraising and core messaging. Since then we have been trialling Donorfy as g39’s new CRM. Donorfy manages g39’s online donations via a dedicated page on the website, and submits related Gift Aid and GASDS claims to HMRC. We also receive contactless donations via a GoodBox tap to donate device installed at the front desk.

In 2022 donations went down 36% on levels in the previous year and fell far short of

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our targets. This may be due to several factors, the most significant being a reduction in staff capacity from August 2022, which affected our capacity for communications, and the cost of living crisis, which may have affected the amounts our supporters were able to donate.

We will review these systems in the year ahead with a view on a balance between efficiency and cost and taking account of staff capacity being reinstated to previous levels.

Additional information: Principal risks

Government orgs / Stakeholders

Funding and financial

Internal / Working culture

Programme and activities

Reputation and people (audiences, artists)

Structure, Governance and Management

G39 is constituted as a company limited by guarantee. On 01 May 2018, we changed our legal name to g39, and became a registered charity in January 2019. The current articles of association were adopted in March 2018 and are in line with the Companies Act 2006.

Trustees are sought through open calls and we have also used a pairing scheme, Arts & Business Cymru’s Board Bank. New trustees are voted on by existing trustees following an informal group meet and greet.

Additional information: wider networks

G39 has a good working relationship with Arts Council of Wales and is a member of

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numerous arts-related organisations including Visual Arts Group Wales and Disability Arts Cymru. Each of these organisations broadly share g39’s mission and aims either in part or wholly, and we enjoy constructive working relationships with them. Partnership working broadens our audiences, increases our capacity, and it’s always enjoyable to join teams and work towards a single endeavour. Brokering a relationship that is both professional and suited to both sides can require significant negotiating skills, even when values are shared – but when we get it right the partnership serves to reiterate and confirm our own values, and reminds us about the importance of our work in a wider context.

14

Names of the charity trustees who manage the charity
1
2
3
4
5
6
7		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of person
(or body) entitled
to appoint trustee
(if any)
Hoodi Ansari Chair
Jo
Corbett-Simmon
s
Katie Haines
Monique Jivram June 2022 - date
Grace Todd June 2022 - date
Mel Brimfield June 2022 - date
Bex Betton June 2022 - date
Natasha Morley June 2022 - date
Ruth Pelopida June 2022 - date
Anthony
Shapland		 Creative Director
Cinzia Mutigli Chief Executive
Officer		 August 2022 - date

– Corporate trustees names of the directors at the date the report was approved

Director name 08/09/2023 Anthony Shapland 08/09/2023 Cinzia Mutigli

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Names and addresses of advisers

We have been fortunate in the support we have received from our allies over the last year, the skills and experiences of a variety of voices have contributed to our work. We have been able to take substantial steps forward in our development, thanks to Arts & Business Cymru’s Skills for Success scheme and Art Fund’s Re:Imagine scheme.

Type of
adviser
Name
Address		 Type of
adviser
Name
Address		 Type of
adviser
Name
Address
Business
development		 Arts & Business
Cymru		 16 Museum Place, Cardiff CF10 3BH
Financial Full Stop
Accountants		 25 Pen-y-Lan Road, CARDIFF, CF24 3PG

Declarations

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

Signed on behalf of the charity’s trustees

Signature

Full name Cinzia Mutigli

Position Chief Executive Officer

Date 05th July 2023

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'939 Report of th• Independent Examiner to th• Trustees I report on the accounts of the company for the year ended 31 December 2022, Rospectivo r￿PonSIbl11ti$S of trusto¢s and oxaminer The charity's truslees are responsible for the preparation of the accounts The charity's trustees cons der that an audit is nol required for this year under section 144 of the Charisies Act 2011 I'lhe Charities Act") and that an independent examinatson Is needed IThe charrty's gross income exceeded £250 000 and l am qualified lo undertake the examination by being a qualified member of The Chartered Institule of Management Accountant5 It 1$ my responsibility to. examine the accounts under section 145 of the Charities A lo follow the procedures laid down in the general Directions given by the Charity Commisslon (under section 14515)(bl of the Charities Act and lo slate wh8lh8r particular mattefs have come to my attenlion Basls of Ind•ynd•nl exam1m￿S statement My examination was carr.,ed out in accordance with general Directions given by the Charity Commission. An examination includes a rev,'ew ol the accounting records kept by the charity and a comparlson of Ihe accounts presented with Ihose records 11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trusteés concerning any such matters The procedures underiaken do rnt provide all the evidence that would be required in an audit and Consequently no opinion is given as lo whether the accounts present a Irue and fair view and the report is Iimiled lo tt￿se matters set out In Ihe stalemenl below Ind•p•nd•nt •xamln•r'8 Stat•m•nt In connection with my examination, no material malters have come to my allention which gives me cause to believe that in any material respect.. the accounting records were not kepl in accordance with section 130 of the Charitles Act. or the accounts did not accord with the ac¢ounting records or the accounts did not comply with the applicable requirements concerning the form and content of a¢Gounts $el out in the Charities (Accounts and Reports) Regulations 2008 other than any iequiremenl thal the acwunls give a 'lrue and fair view which is not a maller considered as parl of an independent ex8minalM I have come across no oiher matters in connectson with the examinabon to which attention should be drawn in this report in order lo enable a proper undersianding of the accounts to be reached. Slgned:.. Oat•.. IS. 8. L¢J...... Tina J•nkins Chart•r•d Managemont Ac¢ountsnt 19 Clos y Carw Llantwlt Fardre, CF38 28P 17

Statement of financial activities for the year ended 31 December 2022

(including summary income and expenditure account)

Income (Note 3)
Income and endowments
from:
Donations and legacies
Charitable activities
Other Income sources
Total
Expenditure (Note 6)
Expenditure on:
Raising funds		 Unrestricted
funds
Restricted
income funds
Total funds
Year to 31
December 2022
Year to 31
December 2021
£
£
£
£
-
75,632-
-
274,305-
-
349,936-
-
325,302-
-
3,549-
-
--
-
3,549-
-
4,544-
-
25,832-
-
--
-
25,832-
-
19,022-
-
105,013-
-
274,305-
-
379,317-
-
348,868-
-
374-
-
2,128-
-
2,502-
-
3,735-
Charitable activities
Other
Total
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried
forward		 -
50,080-
-
147,907-
-
197,987-
-
225,104-
-
71,214-
-
43,321-
-
114,535-
-
91,905-
-
121,667-
-
193,356-
-
315,023-
-
320,744-
-
16,655-
-
80,949-
-
64,294-
-
28,124-
-
16,655-
-
80,949-
-
64,294-
-
28,124-
-
95,305-
-
--
-
95,305-
-
67,181-
-
78,650-
-
80,949-
-
159,599-
-
95,305-

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Balance sheet at 31 December 2022 Balance sheet at 31 December 2022 Balance sheet at 31 December 2022
Unrestricted Restricted Total at 31 Total at 31
funds income funds December 2022 December 2021
£ £ £ £
Fixed assets
Tangible assets
(Note 10) - 9,022- - -- - 9,022- - 18,347-
**Total fixed assets ** - 9,022- - -- - 9,022- - 18,347-
Current assets
Debtors
(Note 11) - 44,239- - -- - 44,239- - 37,196-
Cash at bank and in hand
(Note 13) - 51,415- - 79,317- - 130,731- - 113,269-
**Total current assets ** - 95,653- - 79,317- - 174,970- - 150,465-
Creditors: amounts falling
due within one year
(Note 12) - 24,393- - -- - 24,393- - 70,584-
Net current assets/
(liabilities) - 71,260- - 79,317- - 150,577- - 79,881-
Creditors: amounts falling
due after one year
(Note 12) - -- - -- - 2,923-
Total net assets or
**liabilities ** - 80,283- - 79,317- - 159,599- - 95,305-
Funds of the Charity
Restricted income funds
(Note 14a) - 79,317- - 79,317- - 53,654-
Unrestricted funds - 80,283- - 80,283- - 41,651-
**Total funds ** - 80,283- - 79,317- - 159,599- - 95,305-

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed by trustee on behalf of all the trustees

Print Name Date of approval

Cinzia Mutigli 07/09/2023

19

Note 2

Accounting policies

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS102 and the charities SORP FRS102 the restatement of comparative items was required.

No restatements were required.

Recognition of income

These are included in the Statement of Financial Activities (SoFA) when:

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).

Government grants

The charity has received government grants in the reporting period.

Tax reclaims on donations and gifts

The charity claimed for gift aid during the year and this amount has been included within donations and gifts under unrestricted income in the SOFA in the period in which it relates.

Donated services and facilities

Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.

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Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.

Support costs

The charity has incurred expenditure on support costs.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report if applicable.

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies if applicable.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Redundancy cost

The charity did not make redundancy payments during the reporting period.

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Deferred income

Deferred income relates to funding income received in advance for projects during the next financial year.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts

Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date

Basic financial instruments

The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £100.

They are valued at cost.

The depreciation rates and methods used are disclosed in note 10.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

22

Notes to the Accounts

Note 3 Income - for the year to 31 December 2022

Analysis of income Unrestricted
funds
Restricted
income
funds
Total funds
Year to 31
December
2021
£
£
Donations and
legacies:
Donations and gifts
-
290-
-
290-
-
272-
Government Grants
(Note 4)
-
75,342-
-
84,330-
-
159,672-
-
218,999-
Grants provided other
charities
-
--
-
189,975-
-
189,975-
-
106,031-
Total -
75,632-
-
274,305-
-
349,936-
-
325,302-
Charitable
activities:
Workshops and Hires
-
3,549-
-
--
-
3,549-
-
4,544-
Total -
3,549-
-
--
-
3,549-
-
4,544-
Other Income
Sources
Other sales
-
6,469-
-
--
-
6,469-
-
3,852-
Galleries and
Museums Tax Relief
-
19,363-
-
--
-
19,363-
-
15,170-
Total -
25,832-
-
--
-
25,832-
-
19,022-
TOTAL INCOME
-
105,013-
-
274,305-
-
379,317-
-
348,868-		 -
290-
-
290-
-
272-
-
75,342-
-
84,330-
-
159,672-
-
218,999-

-
--
-
189,975-
-
189,975-
-
106,031-
-
105,013-
-
274,305-
-
379,317-
-
348,868-

23

Note 4 Analysis of receipts of government grants

Description Year to 31
December 2022
Year to 31
December 2021
£
£
Government grant
Arts Council Wales
CRF Fund
-
22,330-
-
89,126-
Arts Council Wales
Revenue Fund
-
75,342-
-
74,544-
Stabilisation Fund
Grant Income
Arts Council Wales
Lottery Funded
-
62,000-
-
50,329-
Arts Council Wales
Cardiff Council
-
5,000-
Total -
159,672-
-
218,999-		 -
22,330-
-
89,126-
-
75,342-
-
74,544-
-
62,000-
-
50,329-
-
5,000-

Note 5 Donated goods, facilities and services

There were no donated goods, facilities or services during the year or in the previous year.

24

Note 6 Expenditure

Note 6 Expenditure
Analysis of
expenditure		 Unrestricted
funds
Restricted
income
funds
Total funds
year to
December
2022
Year to 31
December
2021
Expenditure on
raising funds
Advertising and
marketing
Total expenditure on
raising funds
Expenditure on
charitable
activities
Creative and Exhibition
Costs
Staff Costs
Total expenditure on
charitable activities
Other
Depreciation
Professional and
Consulting Fees
General Administrative
Travel and Transport
Establishment
Expenses
Total other
expenditure
TOTAL EXPENDITURE		 £
£
-
374-
-
2,128-
-
2,502-
-
3,735-
-
374-
-
2,128-
-
2,502-
-
3,735-
-
2,525-
-
112,929-
-
115,454-
-
114,905-
-
47,555-
-
34,978-
-
82,533-
-
110,199-
-
50,080-
-
147,907-
-
197,987-
-
225,104-
-
9,325-
-
--
-
9,325-
-
9,171-
-
8,610-
-
415-
-
9,025-
-
15,562-
-
8,514-
-
3,791-
-
12,305-
-
10,063-
-
--
-
20,141-
-
20,141-
-
19,828-
-
44,765-
-
18,974-
-
63,739-
-
37,281-
-
71,214-
-
43,321-
-
114,535-
-
91,905-
-
121,667-
-
193,356-
-
315,023-
-
320,744-

25

Note 7 Fees for examination of the accounts

Year to 31 December Year to 31 December Year to 31 December Year to 31 December
2022 2021
£ £
Independent examiner’s fees 600 600
Note 8 Paid employees
8.1 Staff Costs
Year to 31 December Year to 31 December
2022 2021
£ £
Salaries and wages - 79,856- - 101,289-
Employers National Insurance - 1,184- - 6,920-
Pension costs (defined contribution pension - 1,494- - 1,991-
plan)
Total staff costs - 82,534- - 110,200-

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

Key Management Personnel

The key management personnel of the charity are as detailed in the Trustees report. The total employee benefits (including salary, employers' national insurance, pension and benefits in kind) of the key management personnel of the charity were £49,617.94 (2021: £64,296).

Year to 31 December Year to 31 December
8.2 Average head count in the year 2022 2021
Number Number
Charitable Activities - 5- - 6-
Total- 5- - 6-

26

Note 9 Defined contribution pension scheme

Amount of contributions recognised in the SOFA as an expense £1,494 (2021: £1,991). The charity operates a defined contribution pension scheme for staff. The assets of the scheme are held seperately from those of the charity. The contributions are charged to the income and expenditure account and allocated between unrestricted and restricted funds where applicable.

Note 10 Tangible fixed assets

10.1 Cost

10.1 Cost
Leasehold
improvements and
equipment
Total
£
£
At 31 December 2021
Additions
At 31 December 2022
10.2 Depreciation and impairments
Basis
Rate
At 31 December 2021
Depreciation
At 31 December 2022		 -
112,271-
-
112,271-
-
--
-
112,271-
-
112,271-
Straight Line
20% p.a.
-
93,924-
-
93,924-
-
9,325-
-
9,325-
-
103,249-
-
103,249-
10.3 Net book value
Net book value at 31 December 2021
Net book value at 31 December 2022		 -
18,347-
-
18,347-
-
9,022-
-
9,022-
Note 11 Debtors and
11.1 Analysis of debtors		 prepayments
31 December 2022
31 December 2021
£
£
Trade debtors
Prepayments and accrued income
Corporation Tax Asset		 (
1,681)
(
783)
(
24,265)
(
21,243)
(
18,293)
(
15,170)
Total (
44,239)
(
37,196)

27

Note 12 Creditors and accruals

12.1 Analysis of creditors

12.1 Analysis of creditors
Amounts falling due within one year
31 December 2022
31 December 2021
£
£
Trade creditors
Accruals
Deferred Income: Grants for use within one
year
Taxation and social security
Other creditors		 -
6,545-
-
763-
-
12,832-
-
6,930-

-
2,923-
-
57,206-
-
1,613-
-
5,230-
-
480-
-
455-
Total -
24,393-
-
70,584-
Amounts falling due after one year
31 December 2022
31 December 2021
£
£
Deferred Income: Government grants for
use after one year and within 5 years		 0
2,923
12.2 Deferred income
Movement in deferred income account		 31 December 2022
31 December 2021
£
£
Balance at the start of the reporting period
Amounts added in current period
Amounts released to income from previous
periods
Balance at the end of the reporting period		 60,129
56,961
0
53,654

-57,206
-50,486
2,923
60,129
eleased over 5 years. Other funding income
etailed in Note 14.
and
31 December 2022
31 December 2021
£
£
Cash at bank and on hand
Total		 -
130,731-
-
113,269-
-
130,731-
-
113,269-

Deferred income relates to ACW capital grant released over 5 years. Other funding income during the year for projects spanning years is detailed in Note 14.

Note 13 Cash at bank and in hand

31 December 2022 31 December 2021
£ £
Cash at bank and on hand - 130,731- - 113,269-
Total - 130,731- - 113,269-

28

Note 14a Charity funds Details of material funds held and movements during the current reporting period

Fund names
Purpose and
Restrictions
Restricted Funds		 Fund
balances
brought
forward
Income
Expenditure
Transfers
between
funds
Fund
balances
carried
forward
£
£
£
£
31 Dec 2021
31 Dec 2022
The Freelands
Foundation
Fellowship
programme
Jerwood Unite
Unite Studio
Residency
Arts Council Wales
Lottery Funding
Support of
Artist Fees,
G39 Exhibition
and Training
Programmes		 96,093
-87,207
8,886
43,482
-35,927
7,554

62,000
-54,126
7,874
ACW Cultural
Recovery Fund
ArtFund
Cardiff Art Map
Total Restricted Funds included
in SOFA
Restricted Funds - Deferred:
Freelands
Foundation
Artist fees &
Fellowship
programme
Jerwood Unite
Unite Studio
Residency
ACW Cultural
Recovery Fund
Core costs
and business
development
Arts Council
Wales Lottery
Grant
Core
Programme
20-21
Total Restricted Funds included
in Balance Sheet funds
Unrestricted Funds - all
donations for general charitable
activities
To G39 Designated Reserves		 22,330
-6,293
16,037
40,500
-11,435
29,065
9,900
0
9,900
274,305
-194,988
79,317
3,450
-3,450
0
27,874
-27,874
0
22,330
-22,330
0
0
0
0
53,654
-53,654
0
25,000
25,000
50,000
General funds from donations,
Cardiff Council, ACW, tax reliefs,
interest and charitable activities		 16,651
104,991
-120,014
28,654
30,282
80,282
Total Funds as per balance sheet
95,305
379,296
-315,002
0
159,599

29

Note 14b Charity funds Details of material funds held and movements during the current reporting period

Fund names
Purpose and
Restrictions
Restricted Funds
The Freelands
Foundation
Fellowship
programme
Jerwood Unite
Unite Studio
Residency
Arts Council Wales
Lottery Funding
Support of
Artist Fees,
G39 Exhibition
and Training
Programmes
ACW Cultural
Recovery Fund
Total Restricted Funds included
in SOFA
Restricted Funds - Deferred:
Freelands
Foundation
Artist fees &
Fellowship
programme
Jerwood Unite
Unite Studio
Residency
ACW Cultural
Recovery Fund
Core costs
and business
development
Arts Council
Wales Lottery
Grant
Core
Programme
20-21
Total Restricted Funds included
in Balance Sheet funds
Unrestricted Funds - all
donations for general charitable
activities
To G39 Designated Reserves		 Fund
balances
brought
forward
Income
Expenditure
Transfers
between
funds
Fund
balances
carried
forward
£
£
£
£
31 Dec 2020
31 Dec 2021
87,083
-87,083
18,948
-18,948

50,329
-50,329
89,126
-89,126
245,486
-245,486
1,177
2,273
3,450
27,874
27,874
22,330
22,330
45,757
-45,757
0
46,934
6,720
53,654
25,000
25,000
General funds from donations,
Cardiff Council, ACW, tax reliefs,
interest and charitable activities		 -4,753
103,382
-75,258
-6,720
16,651
Total Funds as per balance sheet
67,181
348,868
-320,744
0
95,305

30

Note 15 Transactions with trustees and related parties

Trustee remuneration and benefits

During the year, none of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

31

Chartered Accountants' Report to the Board of Trustees

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G39 for the year ended year 31 December 2022, which comprise the Income and Expenditure Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made to the Board of Trustees of G39 in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G39 and state those matters that we have agreed to state to the Trustees in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that G39 has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G39. You consider that G39 is exempt from the statutory audit requirement for the year.

Full Stop Accounts 67 Lakeside Drive Cardiff CF23 6DE

Date

29/08/2023

32