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2024-12-31-accounts

ARTscapades

(Charitable Incorporated Organisation)

Trustees’ Report and Accounts for the year ended 31

December 2024

1

TABLE OF CONTENTS

Trustees’ Report 3
Objectives and Activities 3
Achievements and Performance 3
Financial Review 4
Structure, Governance and Management 4
Grant Making Policy 4
Financial Statements 6
Independent Examiner’s Report 6
Income and Expenditure 8
Balance Sheet 9
Statement of Accounting Policies 10
Notes to the Financial Statements 11

2

Trustees’ Report for the year ended 31 December 2024

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:

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 40 (year ended 31 December 2023: 38) events in all. During 2024 all events were hosted online. The events consist of lectures and longer study-sessions, with a total of 6,033 (year ended 31 December 2023:

3

5,311) tickets sold, and an average audience of 151 (year ended 31 December 2023: 140) 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 2024 with comparative numbers for the year to 31 December 2023.

The proceeds from ticket sales for events in the year amounted to £73,170 (year ended 31 December 2023: £69,652). After all costs, a surplus of £48,816 (year ended 31 December 2023: £49,025) was achieved. The Trustees made grants in the period totalling £63,500, 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 is 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 artrelated organisations.

In the year to 31 December 2024, the Charity made grants totalling £63,500 as follows:

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 £5,000 Sponsorship of the catalogue for the
Museum exhibition_Gardening Bohemia: Bloomsbury_
Women Outdoors
February 2024 The National £12,000 Support for the catalogue for the
Gallery exhibition_Degas and Miss La La_

4

February 2024 The Victoria & £10,000 To support the V&A exhibition_The Great_
Albert Museum Moghuls
February 2024 Farleys House and £5,000 Support for podcasts for_“Farleys 75 ... I_
Gallery _remember”,_celebrating Farleys 75 years
August 2024 The British £10,000 Support of educational events inspired by
Museum the exhibition_Picasso: printmaker_
August 2024 Compton Verney £6,000 Support of film and digital elements for the
House exhibition_The Reflected Self: Portrait_
Miniatures, 1540 - 1850
November 2024 The Fry Art Gallery £5,500 Support for the installation of museum
quality lighting in the Gallery’s exhibition
rooms

Subsequent to the year end, the following further grants, totalling £25,000, have been made:

January 2025 Tate Modern £15,000 To support the exhibition_Emily Kam_
Kngwarray
March 2025 Royal Academy of £10,000 Funding of the audio guide for_Kerry James_
Art Marshall: The Histories
May 2025 Compton Verney £7,500 To support the exhibition publication for
House The Shelter of Stories, Ways of Telling, Ways
of Dwelling

Approved by the Trustees on 20 June 2025 and signed on their behalf:

……………………………………

Maria Bell-Salter (Chair)

5

ARTscapades

(Charitable Incorporated Organisation)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Independent Examiner’s Report to the Trustees of ARTscapades

For the year ended 31[st] December, 2024

I report on the financial statements of ARTscapades (the "Charity”) for the year ended 31[st] December, 2024, 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:

(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: 20 June 2025

7

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND EXPENDITURE

£
Ticket Sales
Post-Event Sales
Donation
Total Income
Lecturer Fees
Ticket Sales Costs
Card Processing Fees
Total Direct Costs
Gross Surplus
Accountancy Costs
Memberships
Insurance
Website Costs
Zoom Hosting Costs
Total Administrative Costs
Surplus for the Year		 YEAR ENDED
31 DECEMBER 2024
YEAR ENDED
31 DECEMBER 2023
67,260
68,032
5,910
1,620
25
70
73,195
69,722
17,486
14,327
1,345
1,208
2,742
2,623
21,573
18,158
51,622
51,564
238
173
-
60
237
200
1,207
1,000
1,124
1,106
2,806
2,539
48,816
49,025		 YEAR ENDED
31 DECEMBER 2024
YEAR ENDED
31 DECEMBER 2023
67,260
68,032
5,910
1,620
25
70
73,195
69,722
17,486
14,327
1,345
1,208
2,742
2,623
21,573
18,158
51,622
51,564
238
173
-
60
237
200
1,207
1,000
1,124
1,106
2,806
2,539
48,816
49,025		 YEAR ENDED
31 DECEMBER 2024
YEAR ENDED
31 DECEMBER 2023
67,260
68,032
5,910
1,620
25
70
73,195
69,722
17,486
14,327
1,345
1,208
2,742
2,623
21,573
18,158
51,622
51,564
238
173
-
60
237
200
1,207
1,000
1,124
1,106
2,806
2,539
48,816
49,025
67,260
5,910
25
73,195
14,327
1,208
2,623
17,486
1,345
2,742
21,573
51,622
173
60
200
1,000
1,106
51,564
2,539
238
-
237
1,207
1,124
2,806
48,816
49,025

8

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

BALANCE SHEET

£
Cash at Bank
Debtors
Prepayments
Total Current Assets
Creditors
Accruals
Total Current Liabilities
Net Assets
Surplus, current period
Surplus, brought forward
Grants awarded
Total Surplus carried forward		 31 DECEMBER 2024
31 DECEMBER 2023
80,032
96,350
-
140
2,062
275
82,094
96,765
-
850
1,929
1,066
1,929
1,916
80,165
94,849
48,816
49,025
94,849
50,824
(63,500)
(5,000)
80,165
94,849		 31 DECEMBER 2024
31 DECEMBER 2023
80,032
96,350
-
140
2,062
275
82,094
96,765
-
850
1,929
1,066
1,929
1,916
80,165
94,849
48,816
49,025
94,849
50,824
(63,500)
(5,000)
80,165
94,849		 31 DECEMBER 2024
31 DECEMBER 2023
80,032
96,350
-
140
2,062
275
82,094
96,765
-
850
1,929
1,066
1,929
1,916
80,165
94,849
48,816
49,025
94,849
50,824
(63,500)
(5,000)
80,165
94,849
80,032
-
2,062
82,094
850
1,066
-
1,929
1,929
80,165
49,025
50,824
(5,000)
94,849
94,849
48,816
94,849
(63,500)
80,165

9

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of Accounting Policies

For the year ended 31[st] December, 2024

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”).

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 for at least 12 months from the date on which the report and accounts are approved and the Charity 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.

10

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Notes to the Financial Statements

1. Subsequent Events

Subsequent to 31 December 2024 the Charity has made grants totalling £32,500 in accordance with its Grant Making Policy.

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 2024 such amounts, either paid or accrued in the financial statements, were:

Maria Bell-Salter £1,124
Catherine Corbet Milward £1,761
Helen Statham £1,207
Tim Curle £548

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

11

ARTscapades (Charitable Incorporated Organisationl FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examinerfs Report to the Trustees of ARTscapades For the ve3r ended 31" December, 2024 report on the financial statements of ARTxapades Ithe "Chari￿1 for the year ended 31st December. 2024, which are set out on pages 8 to 11. Respective ￿¥m>n$1b1lIfles of trustees and the IndeP￿￿ent examiner The Charit¢sTrustees are responsible for the preparation of the financial statements. The Charit￿5 Trustees consider that an audit is not required fof this year under section 144121 of the Charitie5 Act 2011 Ithe 2011 Act) and that an independent examination 15 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 undef section 14515llbl of the 2011 Act.. and state whether particular matters have come to my attents"on. Bèsi5 01 the Independent examlnerfs feport My examinatlon was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review ol the accountin8 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 ihe financial statements. and seekin8 explanations from you as Trustees concernin8 any such matters. The prixedures undertaken do not provide all the eyidencethat would be iequired in an al￿11 and consequently no opinion is given as to whether the financial statements Pfesent a 'true and fair view, and the report is limited to those matters set out In the statement below.

Indepttldent ex•mlnrfs slatrnt In connertion with my examination. no matter has come to my attentim: 11 I vthith gives me reasonable cause to believe that In any material respect the requirernents.. to keep accounting records in accordance with section 130 of the 2011 Act; and to pre￿re financial staternents which accord with the accounting records and comply with the accounting ￿qu1￿MentS of the 20JI Act have not been met; or i-l to ¥thich. in my opinion, attention should be drawn in order to enable a propef understa￿lIng of the financial statements to be reached. Name.. Robin Stevens FCA Addre55'. Tapycer5. HMJh Street NewrAIrt. Essex CB11 3PQ Date: 20 June 2025