Charity Registration No. 1198961
GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Sir Nicholas Grimshaw Kirsten Lees Andrew Whalley Andrew Cortese Lady Lavinia Grimshaw Chloe Franklyn Jonathan Snow Jeremy Tate Charity number 1198961 Independent examiner Zome Accountants Limited 5th Floor 111 Charterhouse Street London EC1M 6AW
GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 - 7 |
GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report and accounts for the year ended 31 December 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Structure, governance and management
The charity was established by a charitable trust deed on 10 October 2019.
The trustees who served during the year were: Sir Nicholas Grimshaw Kirsten Lees Andrew Whalley Andrew Cortese Lady Lavinia Grimshaw Chloe Franklyn Jonathan Snow Jeremy Tate
The number of trustees shall be not less than three and not more than eight.
The trust board make all necessary arrangements for the recruitment and appointment of trustees. When appointing new trustees, the trustees will give consideration to the skills, knowledge and experience necessary for the effective administration of the charity and contribution to the charity's objectives.
None of the trustees has any beneficial interest in the charity. All of the trustees are members of the charity.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and activities
The Charity's mission is to elevate the role of creativity as an essential skill for the future.
The Grimshaw Foundation believes that creativity is the power behind unlocking solutions, the stimulus that connects people and enables the joy of making. It is at the heart of innovation, driving insights and learning, and expanding what’s possible.
Today the importance of creativity in education is marginalised, and insufficiently translated into national curriculum or policy. Working together with artists, architects and designers, we are committed to connecting young people to creativity and making creative careers, particularly in the built environment, accessible to all. We want to ensure a future that enables new ways of thinking, making and doing: supporting the next generation of agile, adaptable entrepreneurs equipped to solve local and global challenges.
Our commitments
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Improve access to creative education nationally and internationally
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Enable collaboration connecting schools to artists and the creative industry
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Foster the freedom to be curious imagining and creating with purpose
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Increase diversity in creative careers working with young people from different backgrounds
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Leverage our influence to action change in education, communities and global challenges
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance
The conclusion of the 2023 year marks another successful chapter for the Foundation. Our mission and vision have been expanded and refined, cantered on the core principles of empowering young minds through the catalyst of creativity enabling them to overcome barriers, think innovatively and solve problems.
The scope of our annual program has expanded significantly, offering the young people we work with a breadth of different experiences. Designed to instil confidence, our initiatives encourage participants to explore their potential and broaden their horizons. Focussing on young people from under-represented communities we’ve facilitated direct interactions between world-renowned artists such as Antony Gormley and Cornelia Parker and the students. We have run workshops, lectures, careers-events, and created immersive installations knowing first-hand how life-changing such interactions can be.
While impact measurement is ongoing, participating schools have already reported an increase in the selection of creative GCSE subjects. The evident pride and enthusiasm displayed by participating students are immediate and tangible outcomes of our efforts. Achieving our goal of surpassing 5000 followers on Instagram and other social media platforms, our updated website now not only showcases the breadth of our programme but also shares educational resources already being used and appreciated by schools and partner organisations.
As we refine governance and operational management for greater efficiency, we acknowledge the potential for further improvements as our programme continues to expand. A notable milestone this year was our inaugural fundraising event, a resounding success that raised £45,000. The event featured over 150 guests at a dinner and prize draw, with an original Anthony Gormley artwork as the coveted prize. Generously donated back to the Foundation by the winner, Mott MacDonald, who also sponsored the event, the artwork will contribute to further fundraising initiatives.
Looking forward, our programme for the upcoming year is already in advanced stages, featuring a turbocharged education initiative in collaboration with the Royal Albert Hall and their four associate artists: Lionheart, a spokenword artist and Grimshaw Foundation special advisor; Anna Lapwood, an organist and TikTok sensation; Corey Baker, an award-winning choreographer; and Jess Gillam, a saxophonist. This year-long initiative will culminate in a Big Build within the iconic Royal Albert Hall. Simultaneously, plans are underway to expand our global reach, leveraging Grimshaw’s unique ability to connect with local communities around our various studios across the globe.
Financial review
At the balance sheet date the funds balance was in surplus totalling £78,840 (2022: £8,689 deficit).
The trustees have performed an analysis of forecast future cashflows and have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
On behalf of the board of trustees
Kirsten Lees
Trustee Dated: 23 June 2025
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GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
I report on the accounts of the charity for the year ended 31 December 2023, which are set out on pages 4 to 7.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. 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:
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(i) examine the accounts under section 145 of the 2011 Act;
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(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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(iii) to state whether particular matters have come to my attention.
Basis of 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 accounts 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:
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(a) which gives me reasonable cause to believe that in any material respect the requirements:
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(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
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(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Roy Davis Zome Accountants Limited
Chartered Certified Accountants
5th Floor 111 Charterhouse Street London EC1M 6AW
Dated: 8 July 2025
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GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes Incoming resources from generated funds Donations and legacies 2 Resources expended 3 Charitable activities Charitable expenditure Sponsorships Total charitable expenditure Governance costs Total resources expended Net income/(expenditure) for the year/ Net movement in funds Fund balances at 1 January 2023 Fund balances at 31 December 2023 |
2023 £ 209,770 93,283 - 93,283 28,958 122,241 87,529 (8,689) 78,840 |
2022 £ 135,000 114,498 9,600 124,098 19,591 143,689 (8,689) - (8,689) |
|---|---|---|
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GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2023
| 2023 Notes £ Current assets Debtors 6 38,520 Cash at bank and in hand 79,645 118,165 Creditors: amounts falling due within one year 7 (39,325) Total assets less current liabilities Income funds Unrestricted funds The accounts were approved by the Trustees on 23 June 2025 Kirsten Lees Andrew Whalley Trustee Trustee |
£ 78,840 78,840 78,840 |
2022 £ - 1,345 1,345 (10,034) |
£ (8,689) (8,689) (8,689) |
|---|---|---|---|
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GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
1.1 Basis of preparation
The accounts have been prepared under the historical cost convention.
The trustees have performed an analysis of forecast future cashflows and have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.
2 Donations and legacies
| 3 | Donations and gifts Total resources expended Charitable activities Charitable expenditure Activities undertaken directly Sponsorships Activities undertaken directly Governance costs |
2023 £ 209,770 2023 £ 93,283 - 93,283 28,958 122,241 |
2022 £ 135,000 |
|---|---|---|---|
| 2022 £ 114,498 9,600 |
|||
| 124,098 | |||
| 19,591 | |||
| 143,689 |
4 Trustees
During the period one trustee was paid a total of £28,427 (2022: £44,251) for editorial fees.
5 Employees
There were no employees during the year.
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GRIMSHAW ARTS AND ARCHITECTURE FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 6 Debtors Trade debtors 7 Creditors: amounts falling due within one year Trade creditors Other creditors Accruals |
2023 £ 38,520 2023 £ 29,947 600 8,778 39,325 |
2022 £ - |
|---|---|---|
| 2022 £ 7,134 600 2,300 |
||
| 10,034 |
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