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2022-12-31-accounts

ARTscapades

(Charitable Incorporated Organisation)

Trustees’ Report and Accounts for the period ended 31 December 2022

TABLE OF CONTENTS




Trustees’ Report		 3
Objectves and Actvites 3
Achievements and Performance 3
Financial Review 4
Structure, Governance and Management 4
Grant Making Policy 4

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Financial Statements 6
Independent Examiner’s Report 6
Income and Expenditure 8
Balance Sheet 9
Statement of Accountng Policies 10

Notes to the Financial Statements 11

Trustees’ Report for the period ended 31 December 2022

Trustees (appointed 29 October 2021)

Maria Bell-Salter (Chair)

Catherine Corbet Milward

Helen Statham

Charity number : 1196335

Charity’s principal address : Glebe House, Longdon Heath, Upton on Severn, Worcestershire, WR8 0QZ

Bank : Barclays Bank PLC

Honorary Treasurer : Tim Curle

Independent Examiner : Robin Stevens FCA

Objectives and Activities

The objects of ARTscapades are to promote the advancement of education in the arts by:

1) providing a public programme of educational events including lectures, study sessions, and visits to places of historic, artistic and cultural interest, museums and galleries;

2) making grants to museums, galleries and organisations which promote the public education, appreciation and enjoyment of the arts, in particular, but not restricted to, the visual arts.

2

The Trustees have had regard to the Charity Commission’s guidance on public benefit in planning all ARTscapades’ activities, and in setting a grant-making policy.

Achievements and Performance

ARTscapades began arranging events in late 2019, prior to its registration as a Charitable Incorporated Organisation (‘CIO’) on 29 October 2021. In the period under review, it has created and run 5 programmes of public events, comprising 49 events in all. These were initially, due to the Covid-19 pandemic, exclusively hosted online; the first in person event was held in November 2022. The events consist of lectures and longer study-sessions, with a total of 5,036 tickets sold, and an average audience of 103 for each event. Ticket sales have raised funds enabling the Trustees to make grants to museums, galleries and other organisations in the period.

Financial Review

The Accounts are set out in the attached financial statements, which cover the period from 29 October 2021 – 31 December 2022. Net assets generated by ARTscapades prior to its registration as a CIO were gifted to the CIO on 29 October 2021 and amounted to £45,207. The proceeds from ticket sales for events in the period amounted to £61,260. After all costs, a surplus of £82,824 was achieved (including the donation referred to above). The Trustees made grants in the period totalling £32,000, in line with ARTscapades’ charitable objectives and its grant-making policy.

Structure, Governance and Management

ARTscapades is a CIO governed by its Constitution dated 29 October 2021, the date of its registration. The CIO is managed by three Trustees who can, under the terms of the Constitution, appoint additional Trustees. All Trustees give their time voluntarily and receive no benefit from ARTscapades.

The CIO is run with the assistance of the Honorary Treasurer, a volunteer Administrator, and a volunteer committee which provides advice to the Trustees on the arts sector, and helps to organise and run fund-raising events.

Grant Making Policy

Artscapades has a grant-making policy which was submitted to the Charity Commission as part of the application to register as a CIO, and which will be reviewed annually. Potential recipients are invited to apply for grants; ARTscapades does not solicit applications. The current funding priority is to enhance education in the visual arts by supporting the work of selected museums, galleries and other art-related organisations.

In the period to 31 December 2022, the Charity has made grants of: £12,000 to the National Gallery, to fund the Catalogue for their exhibition Discover Manet and Eva Gonzales , which ran from 21

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October 2022 to 15 January 2023; £5,000 to the Garden Museum towards the catalogue for their exhibition Lucian Freud: Plant Portraits , which ran from 14 October 2022 to 3 March 2023; £10,000 to the Wallace Collection to support the costs of the Picture Researcher for their publication: Canaletto and Guardi: Views of Venice at the Wallace Collection; and £5,000 to the Hepworth Wakefield towards their exhibition of the British photographer Hannah Starkey, which ran from 21 October 2022 to 30 April 2023.

Subsequent to the period end, in May 2023, a grant of £5,000 was made to the Garden Museum in support of the catalogue for the Jean Cooke: Ungardening exhibition. Further grants are being discussed by the Trustees with potential recipients.

Approved by the Trustees on 09 October 2023 and signed on their behalf:

……………………………….

Maria Bell-Salter (Chair)

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ARTscapades

(Charitable Incorporated Organisation)

FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

Independent Examiner’s Report to the Trustees of ARTscapades For

the period ended 31[st] December, 2022

I report on the financial statements of ARTscapades (the "Charity”) for the period ended 31[st] December, 2022, which are set out on pages 8 to 11.

Respective responsibilities of trustees and the independent examiner

The Charity’s trustees are responsible for the preparation of the financial statements. The Charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of the independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

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Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Name: Robin Stevens FCA

Address: Tapycers, High Street, Newport, Essex CB11 3PQ Date: 09 October, 2023

FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

INCOME AND EXPENDITURE

£ PERIOD FROM 29 OCTOBER 2021 TO 31 DECEMBER 2022 Ticket Sales 60,190 Post-Event Sales 1,070 Donation 45,207

Total Income

106,467

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Lecturer Fees
Venue Hire
Ticket Sales Costs
Card Processing Fees
Total Direct Costs
Gross Surplus
Accountancy Costs
Legal Costs
Memberships
Insurance
Website Costs
Zoom Hostng Costs
Total Administratve Costs
Surplus for the Period		 16,282

674

1,279

1,814

20,049



86,418


202

840

60

216

943

1,333

3,594



82,824

7

FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

BALANCE SHEET

£

Cash at Bank
Debtors
Prepayments
Total Current Assets

Creditors
Accruals
Deferred Income
Total Current Liabilites

Net Assets
Surplus, current period
Surplus, brought forward
Grants awarded
Total Surplus carried forward
 31 DECEMBER 2022
55,064

57

284

55,405
924

1,828

1,829


50,824
82,824
-
(32,000)
4,581


50,824
82,824
-
(32,000)

Statement of Accounting Policies

For the period ended 31[st] December, 2022

The principal accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements of ARTscapades (“the Charity”).

FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

Basis of preparation

The financial statements are unaudited and have been prepared in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (update bulletin 1 applying FRS 102) and the Charities Act 2011. They have been prepared under the historical cost convention.

Going concern

The trustees of the charity believe that the Charity has adequate resources to continue in operational existence at for at least 12 months from the date the report and accounts are approved and continues to use the going concern basis of accounting in preparing the annual financial statements.

Fund accounting

All funds held by the Charity are unrestricted.

Incoming resources

All income is recognised once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount of income can be measured reliably.

Expenditure

Expenditure is recognised when a liability is incurred, when there is a legal or constructive obligation committing the Charity to the expenditure and the obligation can be measured reliably.

Notes to the Financial Statements

1. Subsequent Events

Subsequent to 31 December 2022 the Charity has made grants totalling £5,000 in accordance with its Grant Making Policy.

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FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

2. Related Party Transactions

Certain administrative expenses of the Charity are met by the Trustees who are then reimbursed by the Charity against properly presented expense claims. Additionally, the Honorary Treasurer is reimbursed for the cost of the accounting software which is used to maintain the financial records of the Charity. During the period to 31 December 2022 such amounts, either paid or accrued in the financial statements, were:

Maria Bell-Salter £1,740.79
Catherine Corbet Milward £2,974.94
Helen Statham £896.45
Tim Curle £201.60

Other than the above, there were no financial transactions between the Charity and its Trustees, Honorary Treasurer or volunteers.

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