## **ARTscapades**
**(Charitable Incorporated Organisation)**
# **Trustees’ Report and Accounts for the year ended 31 December 2023**
## **TABLE OF CONTENTS**
Trustees’ Report Objectives and Activities Achievements and Performance Financial Review Structure, Governance and Management
||Grant Making Policy|4|
|---|---|---|
|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 year ended 31 December 2023**
**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
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.
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 year under review, it has created and run programmes of public events, comprising 38 (period ended 31 December 2022: 49) events in all. During 2023 all events were hosted online. The events consist of lectures and longer study-sessions, with a total of 5,311 (period ended 31 December 2022: 5,036) tickets sold, and an average audience of 140 (period ended 31 December 2022: 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 year to 31 December 2023 with comparative numbers for 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 year amounted to £69,652 (period ended 31 December 2022: £61,260). After all costs, a surplus of £49,025 (period ended 31 December 2022: £82,824 (including the donation referred to above)) was achieved. The Trustees made grants in the period totalling £5,000, 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.
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## **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 year to 31 December 2023, the Charity made a grant of £5,000 to the Garden Museum in support of the catalogue for the _Jean Cooke: Ungardening_ exhibition.
|Subsequent to the|year end, the following|further grants, totalling £42,000, have been made:|further grants, totalling £42,000, have been made:|
|---|---|---|---|
|January 2024|Royal Academy of|£10,000|Sponsorship of the exhibition audio guide for|
||Art||the exhibition_Entangled Pasts 1768 - Now:_
_Colonialism, Art and Change_|
|February 2024|The Garden Museum|£5,000|Sponsorship of the catalogue for the|
||||exhibition_Gardening Bohemia: Bloomsbury_|
||||_Women Outdoors_|
|February 2024|The Natonal Gallery|£12,000|Support for the catalogue for the|
||||exhibition_Degas and Miss La La_|
|February 2024|The Victoria & Albert|£10,000|To support the V&A exhibition_The Great_|
||Museum||_Moghuls_|
|February 2024|Farleys House and
Gallery|£5,000|Support for podcasts for_“Farleys 75 ... I_
_remember”,_celebrating Farleys 75 years|
Approved by the Trustees on 19 July 2024 and signed on their behalf:
……………………………….
Maria Bell-Salter (Chair)
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## **ARTscapades**
(Charitable Incorporated Organisation)
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
**Independent Examiner’s Report to the Trustees of ARTscapades** For the year ended 31[st] December, 2023
I report on the financial statements of ARTscapades (the "Charity”) for the year ended 31[st] December, 2023, 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:
- examine the financial statements under section 145 of the 2011 Act;
- follow the procedures laid down in the general directions given by the Charity •
- Commission under section 145(5)(b) of the 2011 Act; and state whether particular matters have come to my attention.
## **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
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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.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Name: Robin Stevens FCA
Address: Tapycers, High Street, Newport, Essex CB11 3PQ Date: 19 July, 2024
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
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## **INCOME AND EXPENDITURE**
|**£**
Ticket Sales
Post-Event Sales
Donaton
**Total Income**
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 Year / Period**|**YEAR ENDED**
**31 DECEMBER 2023**
**PERIOD FROM 29 OCTOBER**
**2021 TO 31 DECEMBER 2022**
68,032
60,190
1,620
1,070
70
45,207
**106,467**
**69,722**
14,327
16,282
-
674
1,208
1,279
2,623
1,814
**20,049**
**18,158**
**51,564**
**86,418**
173
202
-
840
60
60
200
216
1,000
943
1,106
1,333
**3,594**
**2,539**
**49,025**
**82,824**|**YEAR ENDED**
**31 DECEMBER 2023**
**PERIOD FROM 29 OCTOBER**
**2021 TO 31 DECEMBER 2022**
68,032
60,190
1,620
1,070
70
45,207
**106,467**
**69,722**
14,327
16,282
-
674
1,208
1,279
2,623
1,814
**20,049**
**18,158**
**51,564**
**86,418**
173
202
-
840
60
60
200
216
1,000
943
1,106
1,333
**3,594**
**2,539**
**49,025**
**82,824**|
|---|---|---|
||68,032||
||1,620||
||70||
||||
||14,327||
||-||
||1,208||
||2,623||
||||
|||**86,418**
**3,594**|
||173||
||-||
||60||
||200||
||1,000||
||1,106||
||||
|||**82,824**|
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## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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 2023**|
**31 DECEMBER**
55,064
57
284
96,765
924
1,828
1,829
**1,916**
82,824
**94,849**
-
(32,000)
**94,849**|**2022**
55,405
**4,581**|
|---|---|---|---|
||96,350|||
||140|||
||275|||
|||||
||850|||
||1,066|||
||-|||
|||||
||||**50,824**|
||49,025||**50,824**|
||50,824|||
||(5,000)|||
|||||
**Statement of Accounting Policies** For the year ended 31[st] December, 2023
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”).
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## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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 2023 the Charity has made grants totalling £42,000 in accordance with its Grant Making Policy.
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## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **2. Related Party Transactions**
Certain administrative expenses of the Charity are met by the Trustees or the Honorary Treasurer who are then reimbursed by the Charity against properly presented expense claims. During the year to 31 December 2023 such amounts, either paid or accrued in the financial statements, were:
|Maria Bell-Salter|£1,106|
|---|---|
|Catherine Corbet Milward|£1,460|
|Helen Statham|£1,000|
|Tim Curle|£323|
Other than the above, there were no financial transactions between the Charity and its Trustees, Honorary Treasurer or volunteers.
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