INTERNATIONAL CURATORS FORUM (Company limited by guarantee no. 07601785 registered charfty no. 1189228) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
INTERNATIONAL CURATORS FORUM {Conyny Ilmfted by guarants8 no. 07501784 regkntergd charity no. 1189228) REPORT AND RNANCIAL STATEMENTS For the year ended 31 Mar¢h 2024 CONTENTS Lègal and admln1strve Infornmtlon Tru8l¢e•' r•port Indowndenl examlneV8 rwort statement off fflnanc1 activiti•8 10 Balance sh•et 11 Notes to the flnanclal statemont• 12
INTERNATIONAL CURATORS FORUM REFERENCE AND ADMINISTRATIVE DETAIL8 OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the yoar ended 31 March 2024 Board of Truste•$ Mark wa (Cha) Constance Alhn Ben AmLtrr•va Osei Bonsu (resyd 29 DeMb 20231 Joy Gregory Conyany rry n 07501785 Charlty r•g. no. 1189228 Regl•t•rod offlce 4 Rostdla Road L{den SW17 OHY A¢countsnl• Delta AdviGg Accotarry Ltd 8 Marget AVe Sl AlbS AL3 STE Bankor• Bardtys Bar 14-16 milth Rood SW17 9NA
INTERNATIONAL CURATORS FChRUM TRUSTEES. REPORT For the POTlod from 1 AFwiI 2023 to 31 March 2024 The Inlèmalional Curat(n Forum Board ofTnJstees are pleased to submrt Ihoir rew1 and WidendentlY examined finala1 slat8ment5 for the perb)d 1 Awil 202310 31 Marth 2024. The Tnjstees have adopted the provisions of the Ststement OF Reccxnmended Pr&Ice ISORPP "Aecounting and Reporting by Charities. (FRS 1 )) in preparlng the re# 8fKI finla1 stalernents of Iha tharily. Th8 financ¢al st8t8ments have l)0on In 0rda with accounting poIleS set out in the note$ to the financial statements arvj eomply with th& Charitls eMing drMent. the Charities Act 2011 aThJ Accounting and R8p(xknng by Charrtie5.' Statement of Recnmm8nd&J Pract¢ appltable to charilias pr8P8ring th8ir acco15 in accordarte with the Finartial Raparthg Standard applicable in th6 UK atml Republ of Irelar•J issued n October 2019, ts Financ1 Rerorting Standard applKable in th8 United Kingdom and Republr of Ireland IFRS 102>. R•hronc• and Admlnlslratlvo Inforn)th International catorS Fcfum {ICFI wa8 fowded n 2007 to wblth promote wcffk of muraI practitioners, and to encouragg and devebp arttic ¢Watal prtICe ar¥J discours8 about C4Wtemporary visu818rt a08$ 811 fom8. The pract8 that ICF pyornotes span painting, scul)ture, photogr4)hy. film, livo porfMn8ne art curati)n. ICF does this throW commissioning n8w works, programming and presenting these other 8ttsvorks in 8xhilxth)ns, projacts events. ICF also promotes and suppyts th8 profeSOn81 deveiopment and wblic vi¥ibilty of cultural practiliomryJ through programmes that include publ pr¢>aramrnfftg, menioriw and maslw¢la$sa$ that aim lo equip artists and ¢uralor8 to create and present conlempor8ry Vtsual art of high merit from which a diverso public can ben8fi1. ICF 8 registwed charity111892281 arwj an Arts Council EnglaTrJ National Portfolio Organi88tion. ObJo¢ts, Alms and Prlnclpal Acdvllle• Th8 IntematKfflal Curatus Forum's activrtiosaretoadvarte JUcatI)n and to promot6 arts for public bgnefit. Tho Chorty aixs to achiev8 ris objectives lfvough ts follo4ving ath'vrf(ia$ whll& the charty, objacts ('Obiects'l are specrfrAIty restricted to the following.. To prc¥nots tho ntPCrary visual srts for the pthjlic ty: lal creating events arKI exhibitms fcr the general P1¢ wffji a pwticular focus on di8sporiG cultur&g, 10 increase urMler8t8ThJing and appreoion of thos6 ltureS and of ccfit8mF4xary visual art in all its fo5,. and (b) fxilitating the inrKvation snd dTversrf of Cwatl81 8nd wtistic praG lo better preserrt visual arts to the Publ afKI utiliging those develOW to better e(thJcate and infomi the publ$¢ aboLrt the contemporary visual arts. Prlncipal charitable acovll The pmcipal thwitable activty ofth8 Internatio1 Curattts FcLm i8 in seekiw to meet the abovg aims.
INTERNAIIONAL CURATORS FORUM TRUSTEES, REPORT For the portod from 1 Awil 2023 to 31 March 2024 Publ1¢ Bon The International Curators Forum carries out a wide range of actNities a5 d8tailed in pursuance of ils tharilable ams. In s8tting OLrt OLK prcgramme each year, Trustees giv8 regard to th& Charity Commission's guidaT8 on public berfit satisfiod th the Charrty's activrti85 throughout Ihe year provKled public ban8fit b8caw: ICF'S rOarnMe of oxhibitions, fjnts, resJ8S, felbw5hips, Commissions, knowl&dge exchang8, and professional development Supp anabled access to thoughthjl and responsive Creative 8Ctivily that respoThled to the issues sh4>ing our times, as wo11 as skills development and ethjcation fcr people from culturally diverse disadvantagèd backgrcwjnds. Publ Programme activit$ gwrated swiificant interost, all wer8 free to the public arJ whenever possible were re¢ded and made availabl8 orAinè frne of charge; Feedback from partlp$, and waised thework ofth8 Charty. RlW of A¢hl•v•m•nl8 and P•rforman In 2023-24 our partnerships fuTrJing supptyt gave ICF validation, ¢cmfi"d•rte and supwrt w8 needed to make a rèsponsive shrft lo undertake wr first year-l¢)ro programm& residency al a wojèct space in Brixlon, Block 336, n order to sustain corrtact with the Iccal aLbJCes initially dèveloped through our Diaspora Pavilion 2 project r8xh n8w audEnrA$ for whom our work is r•v9n( particular tho80 from the Afro£ar1ban diaspora. A¢yo$$ year wè delivered inpactlul Fwamming that $LPPOrt8d sho+vcased the work of emerging practrtionors. and wa expand8d tho scoFe of our work by engaging local charities beyond the arts. L)espite the dfficull clime in the ant se¢tor, wè 8d8Pt8d by scalTrig e18ments of ow proarnMe and were slill able to d81iver angaging work that empowered diverse eommunitios the visual arts and raachod underserved audiences. Through kYw8mme, we have fosl&red rw Partnersh)$ with sm811 aThJ large organisation5 across the UK, which we will corrtinu8 lo nurtwe after Ihis year. This built up)n our d$s1Ve Bhrt to a du81 irFp8rson and digital Fwarnme. with lh8 kgwch of a re4lesYJned ICF websrte, 8$ wa produced range of digrtal outwts Thi re$pxse lo our in-pern programming 11$1 111 maintaining ICF'S vital rol8 Lampion In the 8rena (rf cullwal dNorsity. Our P•rtll•r8hl ICF 18 the onty org8nisal#Jn in the UK dedicated Io wofessional development OFPOrtunilies to-mid career Creati w•Xitioner$ from ur¥Jerr8pr85ented b8ckground8 across our grtre Fxogramme. However, we never work in i801al. Everything we th is delivergd through strategic partnerships with cr6atNe kyactitioners arKA a mulh'faceled range of organis8tions induding galleries, mu8eum5, vnNersities, Char[t5, funders 8tc. (hjr man furKle whth C11 FuThd. Esmée Fawbawn FtsJnd&t, Pwl Ham FoLMthtK)n Kl G&f*i FcKndats. This fLfftdng has &robled us to develop and exa0 a range of tnerships acr05S OLf 2023r24 wogrammes wrth the fdltyvirpJ organisats.. H8aling Justice Ldon, Black Cultural ArchNe8, inrva, Bl&k CL¥alorial, Bk)d( 336. Art360 Foundation, New Art Gallery Walsall, Ikon Gallery, Ort Galiery. San Mei Gallwy, She Communty, KAKAZI Studio ar1 Stuart Hall Foundation. These rdationships were key to enabling all our ev8rrts, workshops, c#Jratorial fellowshps resId&rs.
INTERNATIONAL CURATORS FORUM TRUSTEES, REPORT For the priod from 1 Aprll 2023 to 31 Marth 3)24 W•A ICF lock 3 R•slden 022- Dlaspora Pavlllon 2: London 2023 exhlbltion {10 Marth- 10 June 2023) Our Snd Diaspora Pavilion 2". London exhibrtiw at Blc( 336 featuriTrJ artists Sonia E Barrétt and Kashrf Nadim ChaLhty. Thts exhibition featurod 8 corre$F(dIng Wb1 programme of talks, workshops, to5 and nehvorking events for arts professionals designed to supp)rt the profbgsional dev81opm8nt of the exhibiting artists. Both artk8ts presented a ?binatIon of nthv and 8xi$ting work in the exhibrtion arKI participated in talks, tours held workshops with local tharities. We welcumed 739 visilcrfs to the axhknition, hosted three workshops with Car&ryJ Hub, Age UK arKI Share Community, and h8k networking avenl for ICF alLfftini Sheena Ros8 at the exhtjtiion wilh Black CuratCfk?l. The project enabled ICF to foster new partnerships with Icthl organisatK)ns like San M&1 Gallery. Age UK and Carers Hub, while develw'ng our ongojng partnwshipg wrth organisats'ons lika Black Cultural Archiv and Share Community. Eplphany {Tompornlre) •xhlblllon {28AUt - 17 SePtbOr 2023) This exhibition was the final prothjct of the Ort aTrJ ICF EMergeO(Y) CUratla1 f&llowship 8UPPOrting emerging curator Orp8 Kashala. Orphée was gelected to take part in this professional development prtsJramm8 ri 2021 as part of an open Call. For th8 final OLrtwt of Ihg followship, Orphée 8olo¢ted to work wrth Bimiintham4)ased Briti8h-Jam8Kan artist Exodu5 Crcrf)ks to create an exhibition of new work, vthich tty)k pLgeè at Blcd(336 as part of ICF'S re8Klency. Publ programming lor Ihe exhibition included.. an Artist's Workshop wrth B$ytreo Certre, a IcKal Gharity suppcrting gir16 and young woman are rocant Immian18 lo th& UK. 8 Curalorfs Ttyjr with members of Black CLtralori81's network 818ck creativo practitler3,. and a collatyative ctosirwJ tak in fX)Ilaboration with S8n Mei Gallery We welcomed 183 visitor8 over the three wBeks of the 8xhibrtM. Tho Epiphany (Temporoirel exhibttion later toured to Ikon GaIry in Bimiryham18 Februw- 21 April 20241 with ICF slaying on as supporting partner at the request of the 8rti8t arKI curator, contributing to public prwamming, including an artisl'g talk. a txjr8tc9 tak and 8 workshjp for Bimikngham UnN8rsty students. Rehoarslng Frol0M• 18•tlval {11 odrtw- 11 Tr)vwnbgr 2023) The final exhibrtion of the ICF resid8rw at Bb¢k 336 was part of HealitvJ Ju5tirA8 Lond,$ Rehearsing Freedoms festival, aroLnd whth we hosted a rich prc4Jamma of laks. workshops othw evgnt8 Ihroughtxrt the month. ICF worked cbsoty HJL and the building wh8re Block 336 is based- Are 336-10 mako thi$ our most acce5sibl8 exhibrtN)n to date. Mddrogsing th8 ways in which visitors enter the galleries, how they engagg with the Fy0mi, by nslalling an induction loop, re8lwig 8paca. nthv wa1ndirJ measum. Craftlng Intimacy and Play work8hop8 Mrfo8 Bave8n June and November 2023 we pr850nled a Ser of ints'male and (¥eative workshcps with KAKAZI Studio for 46 81k women and nOn-bIn people led by creative practi(ioners in ceramics, drawing, sce-m8pPFng and design. also hosled a final neorkIj event bringing togother all workshop pwticipants lo mark the end of the sefi85. The Wofksw ware cwat8d by KAKAZI direclor Nabisere Nicole. a dgner arNJ emerging curat¢X. Professional Dèv lo ent Ev On 30 Sgplember 2023 we presented a day4ong prcornmo of professiorAI devd0ment events for Black ctsatNe FX&tition8rs in ¢ollaboratH)n with Black Curalorot, IlUding.. an largenall0naI artists, talk with Paul Dash Richard Rawlins.. a lab on understaThJing itmellectual property law wilh Mansour MansoLK', a ra8e8rch tak aTrJ Scr1ng by Dr. Algema Gray. On Saturday 27 January 2024 ICF'S Depty Artistic Direct hosted a nelworking gvent with our 23 Advisw Group- Larry Achiampong, 14'amu, Sunil Shah and Sylvia Theuri (z1 Xa was unable to attend at th8 last minute}. This ev&nl was planned in resyMse to f88dlxk from artists and thal we work with slatirKJ their desTh to
INTERNATIONAL CURATORS FORUM TRUSTEES. REPORT For the period from 1 A1 2023 to 31 March 2024 connect with peers. diak¥ue wth ¢ts kYltio, and gain to th8 wider ICF netw(Yk. invited all of the UK-based practitioners who had paticipaled in our programme sirte 2020, which gave us a chCe to connect with tho ueatives we've supported over the past 3 years. ClUdIng those who worked wrth us during tho paThJemic vtho harfe not a than to connect with us person and meet other members of our nolwork. F66dback lo the evonl dOnstrated the need aThY app81ite for these types of events, and we've 1ved requ8sls to PIk1 more events of this nature in tha fthire. During tho event w8 shared irrdight into pkns lo develop ow mentorship programme, to build Olf ewilabla collaban framewck, and lo hd alumni exporience mapping inlefvithvs as part of our new evaluation framework to enswe we are arvJw with lisleniThJ to the needs of ow netwoth when devoloping our programma. invited everycTh at th8 to syn LP to fLxlhw irrfom)alion ses$lon8 on these three areas of work. As part of ICF'S multi-S8ason Systems Redaimed wq"8ct. we oned the first exhibition ol our Shfftlng the Centre FYOj8CI at Black CuttLKal Archives116 March - 4 June 21y23) and the second at iniva126 Seplemb8r 2023- 12 J8Nary 2024). Both curated by Or80d Malik, these exhibitions engagod with material held in cwr partners 'archiv•3. The first reLgled lo the Grenadian RavolLrtK)n and wolcom8d 3216 visrtors. The secmd related to the rtion of An.O10n1a[ Ways of Seeing and w&lcomed 1440 Visitors. As part d both oxhibitions. we pented wbli¢ prolMing, irKluding tours in collaboration with Blcck 336 81ack CLratorial, readry groups, a IN8 streamed Thning event and Q&A, and a workshcp wth MenSp88k hosted by arttsl Beverfey B6nn8tt. In March 2024 we hosted an addit)nal reading group 81 Healng Justic8 Lclon as Wt of the cottirnjation of the Shiftng the Centra Fxojac. ICF -ProduCed the LivirvJ PrthNe$ crfal hthorios podc48t with Ihe Stu¥t Hall Foundation, made up of six Inlwgen&ratnaI conver8ab"¢n8 consideriig altemative histork•s of conl&mporary Britain thrOh testimon9 shared by UK4Ja88d diasporic artists workmg beN•een lh8 1980s and the present-d8y Thè prO1t explores what Stuart H811 Calls a'lNing arthNo efthe diasp(xa'. maps the development. endurance and centr81ty of diasporic artistic woduction in Britain. Thè ser5 fealurad Iwrid Pollard and Rudy L08we, Marlene Smith and Bevedey Bennatt, Roshini Kempadoo arvj Jacnb V Joyce, Ajamu and Bemice Mulenga, Joy Gregory and Anthea Hamilton. Alberta ffirttle and Sgkai Machache. Other digrtol output$ ft)r the year induded.. recorded conversati¢)ns between the 8rt1518 John Lyons and Andrew Hart, artist Sonia E. Barrett 8nd historian Richard Drayton. artist$ Exodu9 Crcoks TITANESS. and dKJtsl loolkit on 0qUity li mUsaTI$ wTrth FourthtA)n for the Artists, Legacyas in th? Muswm pro1t. •a ons for the Over tha past year we supported i)ver 65 fxactiticners from Lnderr8presented bkground$ ac¥oss the UK throLKJh direct prcgramming lenpjing many mor8 ttwh mentorship and networt(ing), whith reath&J 5730 visitcfs1aud1 memb8rs. We mpbmented more Strateg fcf listening to and tY&velopThJ programmng in response to needs of nth(xK irtluding the formation of Advisory Group of alumni, arKI wg re-developed key tools Ike our agr98ment$, evaluation framework, access rider and partnerships appraisal: whth are r8SOLff¢ed armd shared Wl91Y with those we w¢xk wrth as examples of good pra¢ti¢e. In 8¢JdilK)n to thkS we've dor£ signfficant work for better treatment of crealw? practitMMers aThJ mor6 for flancerS in larger institutions $5 tk sector. ICF delivered some of our most ambrtious Fwammng in 2023, %thi¢h demonstrat8J our need fcr more staffing rfrastructure support n order to ope at this level con$istentty in the coming years. want lo maintain tho qualty. crIt214ty and ce of w prcrfyamme. howevw we are fxing capacity iSSU88 brought by. incre8S8 n our NPO fundng 2018 d6sMe the cost of living crisis..
INTERNATIONAL CURATORS FORUM TRUSTEES, REPORT For the perfod from 1 April 2023 to 31 March 2024 Imtabilty in lh8 fundraiswig landscape 8t reduc&J fundiro for core costs. 8nd the growing ¢oncems around the impact cl other global crises on our netsvork. have applied for funding from Paul Hamlyn Foundation lo èxpand the ICF team and our S"11S base with rthv roles in communications and op8ratK)ns. We have also appld for fuTrairo lo fomalise strengthen our w¢)fessional devèlopment work. We we also taking steps lo better support staff part1Pant walbeing. arKJ continue to improve our intemal tools and methodoloJi8s so these can utilised and $har&l with our pwtrws prartitioners. Lastly. Arts Council England announc8d 20234 that they have dgaded lo extend the 202 Investment Programm& for an 8ddrtKMwI yew. to 2026-7. This will provide ICF with £152,760 in funding the year 2026-7 0e wr applicatK)n for the 8xtensK)n year is suc£essful. In their statement ACE have gaid: 'W8'rè getting in louch to update you on Cr2023-28 Natlonal Portfollo Invo•tmont Programmo. We knLhV that the ¢lim8te you're Wofking in at th& mom8nt is very tough for fflary organisations and individuals in the cultural sector. At th8 Arts Cowl wo want to do %th8t we can 10 811eviate that pressure cfi th058 we supporL To help you manage during this pèrtod, we have dead lo ext8rKI the 21Y2&26 Investmènt Programme lor a further yéar urtil 31 M8rch 2027. hope that thk8 decision wlll help provide somo stability securty for your tsnirYJ purposes." Prln¢lpal Fundlng StyJr¢ ICF'S core and prw8mmo Costs for the yew 2ff23-24 wwe $L4)POrtgd by trusts and foundations incding.. Arts Council Eng18nd aTrJ E8mee Fatrbaim Foundation. Strucluro, Gov•manco and Manag•nwnt The Int8malional Curat(Ys Fonjm is a rwstered charrty and 8 limited company r&Jisteth w5th Comwlos House. Responslble govemance of thè Charity 1$ •x8rcised ttyw Ihe Board of Trust88s vtho are all board members I'lhe Board'l. The Board is made up cl ndependent Lqy members WIKI ¥e re8ponstsle for the Char$ c0Th11 and ftjr ensuring rt satisfies all 81 and contractual oblig8tlorts. The TNstees ar8 vothjniews ar)d are t remunerated for ttyor ts'ma. Tha Charity is of 6 Tfustees with wid8 hrtemalional in finarKe, 8enior management, ac&lnia, thg arts 8fKI creatTrve Inthjstrieg, IxoastirwJ philanthropy. Th& Board 5$ resFonsitle ftjr setting the Ch¥rtVs Strateg directi(n aTrJ is Umimate Oltable for hcm 8ff8CtNely the Charity meets trk9 aim$ tlwh direct charitabl8 tNity. The 808rd engages an Artistic Directcf who runs the day4048y activities and 5UFPOrts the Charity's strategic planning 8nd opat)nal activities. Trust8es meet at L8asl four times a year, finanal and management rePS are provided lo Ihg Board qulerty.
INTERNATIONAL CURATORS FORUM TRUSTEES, REPORT Forthe perfod from 1 Aprll 2023 to 31 March 3)24 health and safety pol18$ in th8 wtykpla¢e, ffftartol affairs, per80nrW and ICT technolcw. In relation to these matters, arKI matters completely outside Ch¥ilYs control, the Trustees consider Ihat risks to whh*) tha Charity i8 su48ct have mitigated to 8 satisfaetory18vel. Thi8 report has preparedtsking adv8ntageoflh8 Small comparias exèmption of$tIOn 41 SA ol the Companies Act 20Q. This r8F#Ni was approved and authtywl for Is$ by 12 Dwbb8r 24 and Slgned cn Ih8ir behaK ty. Mark)L
INTERNATIONAL CURATORS FORUM {roglslered ¢onyiy no. 07501785) INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF INTERNATIONAL CURATORS FORUPA FOR THE YEAR ENDEO 31 MARCH 2024 I rewrt m the financial stat8m&tts for ts yaar er¥1 31 2024 set out on pagas 10 to 19 This reFXJrt is mad8 ldY to the Board of Trustees. as a bcéy, in aLxTh1C4 th rewlations made under section 154 of the Chwities Act 2011. My wcrt has been Urjertak $0 that I mbJht slate to the 808rd of Trustees matters l am r8qu¥ed to $t8le lo them ffi Ind8perKlgnt Examingrfs raport and for m olh8r purpose. To t [St exteni perniitted by law. l ¢¥ not accept or assume resp81b11rtY lo an0 Oth&r than the 8od of Trustees for my IndeFdent examinati¢)n for this reFrfXt, or for the Statnent I havo given b810w. R•8ponslbilities and tra5 ol report A8 the ch8rty truslees of the compav its directcn for th8 wpos•s of compary lawl you aro responsible for th8 preparation of th& aOunts in accordance with lh& r&quir8menls of Ihg compani Act 2rTh I'the 201% ACVI. Having satisf myself that &cwits of the Intemalion81 CLratrxs ForL¥n are not rewired lo b8 aalled under Part 16 of 2(K6 Act 8nd we elKdible for irpdent 8xaminatiM, I rewrt in respect of my eX8mination cl the XCOLrts carried out under sectTh 145 of the Ch8ritig8 Aet 2011 ('th0 2011 Acl'l. In carrying out my exanination I have folIN1$ Ihe Drecti(Jns given by the Chwity Commission under section 145{5)Ibl of th8 2011 Acl. Independ•nt oxamIn$ statomont I havè completed my axamination. l (yJnfTh that no matters have c£ffie to my attantlon in corn8Ction the ax8minatlon givNg me cause to b8li8ve Ihat in materi81 r6sF4ct.' accountiig re¢d were ry)t kept ag rwir8d by sedK)n 388 of Iho 2LK6 Act; or the acct$ do not 8¢cord with tho90 rocords.. or the acMunl$ not cLYnpty ¥th th& aco)Lmling rewirBment8 of section 3* of the 21x6 Act other than any requiremant that the accounts gNe a'true arKI lar vivw whth 18 not a matter consideAed as part of an independent examinaim,. the accounts havo not been wep8red in xcordwto wllh th8 Mott18 and vir1P1e$ of thg Slal&ment of RecommerKled Practice for XCOLmting and repJting by charities lw11cab to ch8rtties weparing their accord with the Fnanckgl Reporting Standard applicabl8 in tha UK 8nd Republic of Ir&larKI IFRS 102). I have no concem$ and have Come auoss no other matters in come¢t1 with thè axamination lo which attention should b& drawn in report in (xder to enab a propgr UJeTstandin9 of the accoLmls lo be reach Tkn Mwnt FC Delta Accountancy Advice Ltd 8 Margaret Avenue 8t Albans AL3 STE
INTERNATIONAL CURATORS FORUII STATEMENT OF FINANCIAL ACTMTIES Ilncorporatlng the Income and Exp•n(ffiture PKcount For tho year endod 31 March 2024 unrestrict Rostrlct Funds Funds 2024 2024 Total Fund• 2024 Tot Funds 2023 INCOME AND ENDOWMENTS FROM: Charrtable activrtl8S TOTAL 1n.4eo 185.810 185.810 275 328 275 328 EXPENDITURE ON: Raising lund8 Costs of génerating voluntary income Charitabb8 activiti88 TOTAL EXPENDITURE 215410 218.955 8Q513 8QS13 301.928 305,468 335,475 Net income 141.495) 178,163) (119,658) f60, 147) NET MOVEMENT IN FUNDS 141.495) (7&183) (119,608) (60, 147) RECONCILIATION OF FUNDS: TOTAL FUNDS AT 1 APRIL 2023 44,037 80,813 124, 184,997 TOTAL FUND8 AT 31 MARCH 2024 6 192 £ 124,8 The annexed rKstes form pwt of these finaKial ststemerls 10
INTERNATIONAL CURATORS FORUM Compary limited by guarantee {regk%ter&J compa)y rK>. 071785) ALANCE SHEET As at 31 March 2024 31 March 2024 31 March 2023 CURRENT ASSETS Debtors Cash at bank and in trd 13.650 119.990 17.554 17.564 133.640 CREDITORS: amounts lalllng d wtthin on• year 111362) (8, 790) NET CURRENT ASSETS 8,192 TOTAL ASSETS LESS CURRENT LIA8ILITIES 6.192 124,850 TOTAL NET ASSETS 5.192 124,8XI FUNDS Unrestricted funds.. Gera1 fur 10 2,542 1542 2,860 44,037 44,037 80,813 Rostrlcted fund8 10 £ 124.8 Th6 financlal stslement8 t*en prepared in wrth the speclal pYovi8ion8 In Pwt 15 of the Companies A¢t relating lo sm811 cLynpani&s arbj s'On la of the Financial Rep(xting St8rNJ8rd 102. The charitable pJ)mpany is Orrtild to ex•nptky) from aLMJi urthr tK)n 477 of the C(¥npanies Act 21116 for the ar er#J8d 31 2024. Directors, responsibilities (i) The members have rK)t required the thartable o)mpany lo obtain an dit of its fin91 statements lor the year ended 31 2024 in accordance wth Section 476 01 the Companw Act 2006. (li) Th& trustees acknowledge their respmsibilrties for cOmY wtth requirements of th8 Act with respect lo accounting records and the preparation of X19. The financial statements were aFvov8d, a1 authcff1 for issue, by th8 Board of Trustèes on 12 December 2024 arKI signed on ttBir behalf by".- MARK WAUGH, Trustee arThx&J notes fomi wt of ltr fmancial statem&rts 11
INTERNATICJYAL CURATORS FORUM NOTES TO THE FINANCIAL STATEMENTS For the y•ar •nded 31 March 2024 1. ACCOUNnNG POUCIES Company Infommtlon Intem8tn81 Curators Forum 18 a prfvate f))ffoany Ilmited by gjarantee. domiciled arKI ino)rporaied In England and Wales. The registered office is 4 Ro¥tella Road, London SW17 OHY. The nature ol the th8rity's operations and prinapal activites arè dOtsed In the Trustees, report. B•w"$ of pr•parntlon of fln•nclal st•t•m The charity c45t1{Ut8S a public benafrt •ntrty as dafined by FRS 102. The financial statements have beon pr•par8d in accordance Accounting arnl Reporbng by Chariti85.' Stalemont of R0MMended Pr8¢ti¢e 8pplicabl• to ctsnts.es propafing thelr accx)unl8 in accordanca th the Finanoal Rep)rting Stsndard applica& in the UK and Republic of Iroland issued in O#obèr 2019, trt8 Finanal Reporting Stsndard applicable in the United Kingd¢)m and Republic of Ir81and IFRS 1021, the Charities Att 2011, the Compf10$ Act 2CWJ6 and UK Genarally Accepted Accounting Practi&8. The 9ffects of evénts rolating lo tho year erhaed 31 March 2024 vh)ich occurred bgfore the rjate ol approval of the finanual statements by Ihe Board of TN51•es nas been indud8d in the flnandal statem8nlg to the extent required lo show a true and fr wow of tha stata of affairs al 31 Maro 2024 and tho r88ull$ for the yow orjded on that d8t8. The finandal stalenntS are prepared on a wlng ¢on(xn basis ufmler the Fthstorfcal o)st o)nvenllon, modified to indude certain itam$ at fair value. The fin91 slaternents are presented In st•dlng is the fun¢#lonal (xjrrenw of the thity. The chamly has adopted the SORP IFRS 1021 in the curr&nt penod. In pr8parfng the accounts the tru8le6s have c¢nsidernd whether in apptying the accountsng pol19 required by FRS 102 and the tharilies SORP 102 a rastat8ment of Cornparative rtems was needed. No rostatoment$ were requlred. Golng concern The tTUSta98 have assessed the use of going conLm and have ndered possible gvenl8 or ndltions that might t doubt on atmlity rrf the charity to conlknue as a going Concem. The trustees have con5id$rgd tho level of fur•J$ hdd and the eype¢Xed level of income and expenditure for 12 months from authoriwng thgse finanraa statem8nts. Tho jgat8d inry)me and expendiluro 18 suffici&nt th the bvol ol roserves for Ihe chwity to be abl8 to cDntinu8 as a wrKJ wrK4m. Fundaccoundng General funds are unrestrictsd funds whic* are aValbIe for use at Ihe discretion of th8 Tru$lèes in furtherance of the general objects crf thè Charity and 1¢h havo not baen designated ft)r other purp¢s8s. Designated funds comprise unreslricted funds that have been set aslde by th8 Trusteès for partiar purposes. The aim and use of each designated fund is set out in the notes lo th8 finandal slalemenls. Resth¢tsd funds 8fe furKts are to be used In acxx)rdan(x %Mth restridion8 imp08ed by donors have been raised by the Chanty for parts.lar purposes. The cost of adffMni$tering such funds are ettarged against the specthc lund. The aim and use of eath restricted fund is set out in the notes to the finanaal ststements. Siatuttjy grants vthKh are given as conlributsons toward¥ tho Charitys core s8r¥ices are treated as unrestrlced. 12
INTER14AT1014AL CURATORS FORUM NOTES TO THE FINANCIAL STATEMENTS For th• year ended 31 March 2024 Incoming r8sourc•s All incoming resour¢8s aro Induded In Ihe Statem&rt of Finanual Adivities tho Chartly Is legally entitled lo the income after any perf0mn( conditions have be8n mèc the anount can be rellably moasured and it Is probable that in¢¢rn will bè r8¢8iv6d. No amount Is Includ8d In the financial statem8nts for VOntser time In Ilne th the SORP. Other incorn8 is Included in the Statement of Financial Actsvit$ lthen tre Chanty Is legally entitled to the inLxmo and the amount can b8 Wantsf with reasonable accjjracy. Bank interest is induded recald. R•sourc•s Exp•nd•d All expendlture i¥ accounted for on an aeuuals basis and has béen dassiTr6d under heading8 that aggregate all c4)sls rdated to the category. Expenditure is recognised ere there is a legal or eonstrucliv6 obligation to make payments to thircl path'es. it Is probeble that thg 58th8menl wll b& rèquired and Ihe amount of tha obligab'on can be measured reliabty. Support txsts are th088 that aJ818 ir)wrred dir8( in support of expenditure on the tharitable a¢tlvili85 of tho company and indudè offic4 costs, govaMce ¢))st8, administralive ¢0s18 and project management carrled oul at Hoadquartars. Gov8manco 0)sts are Induded in support cost8 and are those G05ts incurred in connoction with compliance consb'tutional and 8tatutory requlrements. Pwslons The ¢harfty oF4r8tO9 a dsfingd o)ntribution SC*0, is open to all emF4oyee$. Employer o)ntrtbulions are charged to the Statement ol Financid Adivlues as Ihoy become payable In accordance wth the rul&s of the scheme. D•btors and credttor• rnc•lvabl• I payable wlthln one year Debtors arKI crgditors with no Staled inter85t rate 8rKI r1vable or payable one year are recorded at transaction price. Any losses arising Ifn impainnonl are recowised in expenditure. Cash at bank and In hand Cash al bank aThJ cash in hand indudos cash aThl short temi highly liquld Investmen18 Wlh a short maturity of thréè months or lèss from lh8 datè of 8tryition or opanlng crf the d8POSit or stmllar accL)unl. Judgomonts and k•y$ou•S of •stim•fion uncortalnty No judgem&nts lapart from those involving 8stimates} have bean made In Ihg ProS5 of applylng the abovg accouTrting ptJi(io$ that havo had Iho most ¥ignrfKant effe¢A on amunts r&cognised in the fi'nana81 statements 13
INTERNATIONAL CURATORS FORUM NOTES TO THE FINANCIAL STATEMEMTS For tha yèar •nded 31 March 2024 2. INCOME FROM CHARITABLE ACTIVITIES Total Funds 2024 Tot81 Funds 2023 Fund8 2024 Funds 2024 Grants for servi$ Events and exhibitions 161110 261,760 161.110 261,760 24.700 13,568 8,350 £ 186810 £ 275,328 162,760 24.700 £ 17T,460 £ 8,360 Fe8 Inrne Comparntiv8 incom6 fmm d>an18Ne 8Ctiwties Tof81 Funds 2023 Funds 2023 Funds 2023 Grnnts forser¥k8s Events 8nd exhlbluons 182.7 182. 760 13.568 £ 196,328 £ T9,000 79,000 261,760 261. 760 73,568 £ 275.328 Fee In¢om8 79,000 3. GRANT INCOME AND DONATIONS 2024 2023 Arts Coun(>l EnglaTrJ Art Fund E8meo Fairbaim Gatfield Weston Henry Wore Foundgfjon Out8et Contemporary Art Fu1 162.780 350 8,000 152,760 44,000 30,000 10,000 25,000 £ 181,110 £ 261,760 14
INTERNATIONAL CURATORS FORUII NOTES TO THE FINANCIAL STATEMENTS For th• y•ar ended 31 Mar¢h 2024 4. RESOURCES EXPENDED Total Funds 2024 Tofal Funds 2023 Dlreet Staff Othgr dre costs Support costs Cost of Gharitatle a¢tivitièg Events and exhibitions Total charitabla expenditure Costs of ger8ng voluntary income 21 50 790 329 38 809 330,675 50.79LI 211329 301,928 330,675 4.800 38,809 £ 305.468 £ 335.475 50.790 £ 216 869 ComparntiV8 Cost of charftable avitIeS Clrt staff other dirnd costs Support Costs Total 2023 Cost ofcharflable activities Ev8nts and 8xhlMlons Tol81 chari18ble 8XP8nditu Costs ofpeneratlng voluntary Incon 48.934 252,835 330,675 46,934 252,833 30,906 330.675 4,8 46,934 £ 257,635 £ 30.906 £ 335,475 6. SUPPORT COSTS Total Fund• 2024 Tof81 Funds 2023 Prem18es and office ots Legal an¢ profe$*onal Trustees & meeting expens0$ Independent Examination Fee Independent Examiner other fees Other costs 7.763 24,1n 1,890 1,760 730 2,499 38809 £ 8,416 13,292 4,418 t,7 745 30,906 6. STAFF NUMBERS AND COSTS 2024 2023 Wage8 arKI ¥akries Sodal SeCty costs Pension costs 49.000 45,472 607 285 1,283 1.177 60,790 £ 46,934 The average monthly head rxjunt was 1 staff member {2023 - 1). No employee received reMUneratn of MC than £60,CQO. 15
INTERNATIONAL CURATORS FORUM NOTES TO THE FINANCIAL STATEMENTS For the year •nded 31 March 2024 7. TRUSTEES REMUNERATION AND BENEFITS Tho Trustees are considered to be the Key ManasEment Personnel of the Charity. DurirKJ the perlod, no members of the Board of Trustees rewved any remuneration 12023 £NILI. During the period 1 member (2023 - 1 Mart)) of the 808rd of TN$t8es r1Ved reimbursemont of oxpanses amounting to £1,78912023- £4,418). 8. DEBTORS 31 March 2024 31 M8rch 2Q23 Du• wllhln one yoar AcL7uad Incorr I3,61 9. CREDITOR8: AMOUNT8 FALUNO DUE IMThIN ONE YEAR 31 klar¢h 2024 31 M8rch 2023 Trade credllor8 Sco'd se¢urtly and other taxes Other ueditoryJ Acwals 814 1,389 3,279 2, 748 1, 162 927 3,953 8, 790
INTERNATIONAL CURATORS FORUM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 10. STATEMENT OF FUNDS Trnn*f and Resour¢o8 Investm•nt Expendod gaInsI(I3e$) Brought Incomlng Forward Resource8 Carrfed Forward RESTRICTED FUNDS Events and exhitrf'tsons 80.813 80813 £ 8.360 86,513 Nll £ SUMMARY OF FUNDS Gen8r81 Funds Restricted Funds 037 (218.9661 80.813 86,513 £ 124,85D £ Nil £ 86,810 £ 306,468 177.460 1642 5,192 Restrfc8d funds ar8 hehj for the follov+ing purpo8e8'. Events and exhibition8 fund is for adiwtles for the public art s&ctors nats'onalty and inlemalionally that aims at educating the pthlic and art sedNs. Shwing inrnv8tion, promotsng progress and diversity and fostering ts)operation. Comparative statement of fvnds Trnnsfern and 8rDught Incoming Rgsvurces inveslm8nt FoThvartl Resoufces E¥pended gan1105s8sj Cam8d RESTRICTED FUNDS Events and oxhlbion$ 141.439 139,626 139,626 80,813 SUMMARY OF FUNDS Genero1 Funds Restricted Funds 43.558 196,328 (195.849) 141.439 79,OfXI 139,626 335,4T5 £ 784997 £ 2T5,328 £ Nil r 44,037 80,813 24,850 17