2024-03-31-accounts

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A IKON GALLERY UMITED Flnanclal Statements Year ended 31 March 2024 Charlty wglstratlon number.. 528892 Company reglstratlon number.. 00902136

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Financial Statements Year Ended 31 March 2024 Contents Pag8 Charity R8f&renc8 and Administrativ8 Delai18 Trustees, Annu31 Report Independent Auditor's Report 15 statement of Financial ActDfities Balan￿ Sheet 19 Stal8menl of C88h Flow8 20 Notes to the Financial Statetnent5 21

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Charity Reference and Administrative Details Year Ended 31 March 2024 Charity registration nurnber 528892 Company registration number 00￿2136 Reglstered office 1 Oozells Square Brindley Plac8 Birmingham 12HS Auditor Cooper Parry Group Limited Slatulory Auditors Cubo Birmingham 4" Floor Two Chamberlain Squ8re irmingharn B3 3AX Solicitor Shakespeare Martineau No 1 Colmore Square Birmingharn 846 Bankers Handelsbanken 4" Floor, 103 Colmore Row Birminghat B3 3AG Trustee5 Prof H Higson OBE (resigned 29 May 20241 Mr J Claughton Mr N Smith Ms H Randhawa Ms R Chiu Mr L Brocklehurst Ms D Sekar (resigned 22 November 20231 Mr L W Smyth Clr J Francis Mr S Jon88 lappoin18d 22 Novembèr 20231 Mr J Leo (appointed 30 June 20231 Mr S Shambi lappoinled 30 June 20231 Cotnpany Secretary lan Hyde Chlef Executlve Offlcer lan Hyde Artistic Diredor of Exhibitions Melanié Pocttk Artlstlc Dlr8Ctor of Educatlon Linzi Stauv8r8

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 The Twstees present their report lincorporaling the directors, report) 8nd the audited financial slalements of the charity for the year ended 31. March 2024. The Iruslees have adopted the provisions of the Statement of Recommended Pr8CtI￿ ISORPI°Accounling and Reporting by Charities. IFRS 1021 in preparing the annual report 8nd financial statements of the charity. The financial statements have been prepared in accordan￿ wlh the accounting PDlicies set out in notes to the accounts and cotnply with the charity s governing docutnenl, the Charities Act 2011 and Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Re￿rtIng Standard applicable in the UK and Republic of Ireland. Ttuste88 of the charlty The directors of the charil8ble cThnpany are its trustees for the puryKses of charity law. The trustees who have served during the ye8r 8nd since the y8ar 8nd wer8 a8 follow8.. Prof H Higson OBE (resigned 29 May 20241 Mr J Claughlon Mr N Smith Ms H Randhaw8 Ms R Chiu Mr L Brocklehurst Ms D Sekar Iresigned 22 November 20231 Mr L W SmyLh Clr J Francis Mr S Jon8s18ppoinled 22 November 20231 Mr S Shambi18ppointed 30 June 20231 Mr J Leo (appointed 30 June 20231 R18k Man89omont The ch8rity h88 a risk management slralagy which comprises.. A review of the risks that the charity may f8ce'. The establishment of systerns and procedures to mitigate those risks identified". The itnpletnentation of procedures designed to trinitnise any potential itnpact on the charity should those risks tnaterialise. Our Risk Register highlights two key risks lout of 1371. trom the areas of Operational Risk and Financia Risk. asfollows.. Availability of grant funding." Core public funding through ACE NPO and BCC has reduced. Action includes M￿lI0[lng PDlicy changes through funding bodies. ACE, BCC and other sou[￿s, applications lo other public funding core grants and other core trusts and foundations, wh&rè availab18. We aim to mitigat& this risk through st8nario planning, forècast budgÈts and business modelling with Board Involvement. C081 incr&ase8.' Both inflation and 8n&rgy c0818 continue lo incr8a88, albeit slowèr than in pr8VIOU8 y&ar8. Thi8 has an Impact on all budg818 if proiecl6d Income Is not 8ecured, or rf incorn& d08$ not match the c08t increasés. Action Include8 règular review8 of major risks across all budget8 and rèvision of ￿th expendituré and Incomè accordingly. OBJECTIVES AND ACTIVITIE5 The objects of Ihe charily ar8 th8 advancement of 8ducation in the Unilad Kingdom and inl8malionally. and In particular In th8 City of Birmingham and in th@ W88t Midland8 r8gion, by encouraging th8 practice and th8 diss8minalion of know18dg8 of the arts in g8n&ral bul with 8sp8cial regard lo conl8mporary painting, sculplur& and olh8r forms of visual art. The gallery aims lo.. 51imulale engagement with contemporary visual art in a conlexE of debate and participation by exhibiting work by artists frotn around the world, including film, sound, mixÈd media, photography. painting, stulpluo and installation-, develop relationships b&lween art, artists and audiÈnce8 outside the gallery through a range of off-site projects at drfter&nt locations-, and &ncourag& public Interest in and understanding of cont8mpor8ry vlsual art tt)rough 8 range of ed￿￿tIon acliviti&s Including 18lk8, tours, wothshops and seminars.

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 OWECTIVES AND ACTIVITIES Icontinuedl The strategies em￿oyed to 8chieve the charity's aims and objectives indude.. free admi55ion lo all exhibitions.. organising and presenting exhibitions and other projects of n3bon31 and international signrfiGanGe, both in the galleries and off Grealing opwrtunilies forartists to Tnake newwoTk in the gallery and off-site in the comtnunily," org8nising 8 rang8 of projec18, ev&nts 8nd activili&s for childr8n, young p80ple and adults, both in th8 98118ry and in schools and Ioc81 communities to Increase the enioym&ntand und8rslanding of conl&mporary visual art., developing collaborations and prc￿uCtI¥S relalion8hips with other edUcat￿n81 and cultural organi88tions, regionally, nationally and inl&mation811y to facilitate cr088 8rt-form co118boration and audi8ncÈ developm8nl', promoting and marketing the programme to 8ttr8Ct 8 broad range of audiences and participants, and aitr8Ct press coverage lo raise th& profil8 of contemporary visual art and tha gallery nationally and inl&mationally'. publishing exhibition c8ts1ogu8s and other matarial and making Ih&s8 available through distributors. shop. 8nd on the web sile.. and pro¥i(ling and rnaintsining high quality tscilities lo encourage engagement with contetnporary visual art PUBLIC BENEFIT Ikon's Iwo primary areas of actDIty are.. organising and presenting exhibitions and other even15 in the gallery and off-site that Gonlribute to the understanding and enjoyment of conternporary visual art". and delivering an Èducational prffjramme tonsisling of projects, louts, talks in thÈ gallery and at other locations for a variety of diffe￿nt groups. Ikon off&rs fre8 atC8ss for everyon8 lo all its exhibition8 and off-site aclivili&s 2nd provid8$ fre& inlÈrprel8iiv& and educational mal&rial lo accompany Èach trxhibilion. Ikon's talks and tours aré normally fr8e a8 Is its community engag8m&nt programm&. Wè 888k lo pr8s8nt a high-quality programme of work by contemporary artists Including emerging and &8tablish8d aths18 from Britain 2nd abroad. Somè projects will lour to other lotration8 in the UK and inl&m8tionally. W& aim to promde opportunities for 2rt18ts 10 develop through support of new commi8810ns. We organ18& art18ts' proi8c18 outside th& gallery space that facilitate dir8Ct public engag8m8nt with conl&mporary art. Through Education we provide regular 18lks and tour8 for groups and visitors to th8 gallery. and workshops and other projects for children, young p80pl& and adu118 of all bad<ground8 and abilili&s. Ikon Works in partnership with Birmingham City Council to pro¥id8 8rts activity for hard-lfvreach communities in Birmingh8m. Programme8 of activity for school children, young p￿pIe and family group5 develop confidenc8 and expre88iven888 In a 8UPPOrtIV8 environment. The above statements comply with Ihe fourth commencement order of the Ch8ri1ies Act 2006 rdaliw lo Public Benefft and are in line with Ch8rity Commission Guidan￿. Achievements and Perfomiance in 2023124 2n23124 an pxciting yp£r for Ikon. with 2024 hping our 60th Annivpr8ary ￿.lebratIon. Thp npw 1p￿der£hIp Ipam far IkDn was £141) 2ppoinled. lan Hyd8 Is Chief Executive Officèr, M81anie P￿ock is Artistic Dir8Ctor (Exhibilionsl and Linzi siauvers 18 Artlslic Director IEducÈtionl. This new collaborative sirudur& cov8ts commercial èntèrpri8È, exhibition curation and education ptadice. Visiior numbers lo thÈ gallÈty and off-silÈ prqecls remained high following the Commonwealth Games in 2022, our outputs to funders wer8 achi8v8d, 2nd, de8Plt8 th8 c08t of living cri818, we ended the y&arwith 8 financial surplus. The followlng Is a summary of Ikon'8 8chi&v8m&nts and performanc& during 2023124 with respect to the flvé key goals id&ntified in our Strategic Plan..

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 ContiThued development of an artistic programme that is experimental and of the highest quality, engaging on local, national and international lev6ls Ikon's 2023124 programme demoDstr8te(l an on-going crKnmilrllent to commissioning new art worf(. supporting 8rtists al critical stages of their careers. and presenting a bro8d range of international practice, rlledia and perspectwes to audienw. Gallery exhibition5. as follow5.. Howrin The Nlodeffnist Block. 25 November 2022- 1 May 2023 Melali Suryo(13rtno." Passionate Pilgriffl. 17 May- 3 September 2023 Mali MoTriS". Calling. 20 September- 22 Decetnber 2023 Dean Kelland.. Impostgrsyndromtr. 20 September- 22 December 2023 Exodus CrMks'. Epiphany (T8mporair61. 9 February- 21 April 2024 Sf8rt Th& Prtrssl 9 F8bruary- 21 April 2024 Commlsslon8 Ikon produces as well 88 promotes contemporary art. Five artwork8 Included In Ikon's group show, Horror in th8 Modernist Block, w8r8 commission8 mad8 In r8spon88 lo the exhibition's theme. Th&s8 are NT'S film BRUTAL 120221, shot al night in inner-cily hou8ing esl8t8s in Birmingh8m,' Richard Hugh8s' susp8nd8d mobile, Lilhobolia Happy M881 12022).. Isma81 Monticelli's wall insl8118lion Spaghetti Junction 120221., Ruth Cl8Xton'8 Tow8r Room in81a1181ion Her& l am, wailing12014-221,' and How lo liv8 in a aty120221 by Simon and Tom Bloor, a seri88 of 8culplur&s which double 8$ seating. As part of M818ti Suryodarmo's exhibition. Pa88ion8t8 Pilgrim, Ikon scwn8d n8w worf< by Marintan Sirait during the Pre8enl lo presen￿.. Performance L8boratory which brought together Indonesian and UK based artists. Vanl&y Burk8's A Gift lo Birmingham120221. co-commissioned by Ikon and th8 University of Birmingham's Centre for Res&arch in Race 8nd Education, was (lisplayed al The Exchange, University of Birrningham, as part of The Migrant Festival 2023. It featured 31ongside tsvo new photographic commissions including.. Ayesha Jones, Leave A ￿ght In My Rwrn 120231, co-produced with Birrningham Hospices. forming part of Birmingham City Council's Compassionate City project.. and Maryam wa￿￿,8 Dreams of Brum 120231. organised in p3rtnership with Hand5WOrth Library and fun(le(I by BiTtningham City Council's Cultural Development SeFvice. Dean Kelland's exhibition, Imposter Syndrome. fe3tured new films, prints and sketchbooks that reimagine the psychoanalytic dialogue that has aGGurred betrween Pop Art and Prison Art sinGe the 19605. Curated by Linzi Stsuvers. Ikon's ArtssliG Thrector IEduG3tianl. IFE exhibition w35 the cultninalion of Kdland's four-year artssl's res￿enGY al HMP Grendon 12019-20231, funded by the Marie-Louise von Molesiczky Ch3ri1able TTUSt. Collaborations Throughout 2023124. Ikon nurtured existing relationships while developing new partnerships with local authoritses. educational institutions, arts. cultural, Gharilable and comtnunily organisations regionally, nationally and inlematiOn311y- with a wew lo developing audiences and broadening the scope of our engagement with various Gultural netWOTks Ikon transformed ils galleries into a platfom for perfomance art. with thÈ fitsl UK Èxhibition by a(daimed Indonesian pÈrformante artist Melali Suryodarmo, In collatoration with Museum of Modem and Contemporary Art in Nu8anlara Imuseum MACANI, Jakarta, Indone8ia. With support from Bagri Foundation, British Council through th& Connèctions Through Cultur8 grants programmè, Birmingharn City University, Univetsity of Le8ds, and g8nÈrous individual donots, Suryodarmo's Passional& Pilgrim included collaboralri& p8rformanc8s wilh artists associated with Vriid Proi&cts and activist m&mb&rs ofTh& Voic8 of Dome81ic Workers. A ser18S of 8ducalion workshops w8r& dev&lop@d and led by Birmingham City Univ&rsily MA in Arts and Education Praclic&s slud8n18 in r8spons& to the exhibition. Ikon displayed Midland8-ba88d art181 Exodus Crooks, exhibition Epiphany IT8mporair81, commis810n8d by Ort Gall8ry and Inl8mational Curator8 Forum IICFI, originally pr8senl8d al Blctk 336 In Summer 2023. Cura18d by Orphée Kashala, the exhibition includ8d Ikon pres8nl8d Start th8 Pr8ssI c8ntr8d on an intaglio prinling pr888, on loan from Wolv8thamplon School of Art, occupying the gallery in the tradition of the student art-school sil-ins and in response to Ihe current challenging econotnic landscape. Supwrted by the JeTwood Foundation. Sainlbury Trust, Freelands Foundation and University of Birmingham. a cohort of West Midlands printsnaket5. including Taiba Akhtar. Ha5eebah Ali. Simon Harris, Fae Kilburn. Ka￿￿ McLean. Laura Onions. Salinder Pathar and Heather Peak, established a functioning printmaking studio in the gallery, producing original prints and filling the gallery w3115 in real litne. The exhibition also induded a display of printmaking, featuring ariworks by Lubaina Himid. David Hockney. Yinka Shonibare and Catherine Yass baned frotn the Jerwwd Collettion. With Birmingham arbsl and activist Foka Wolf, Ikon produced Why A￿ WÈ Stuck in Hospita17- a new gallery installation and innÈr-city billboard ¢atnpaign illustrating the invisibility gf people with leaming disabilities andlor auti5tiG people in long-stay hospitals The installation, which was t0￿mmISSIOn￿d by Ikon with the Univer8ily of Bimingham's School of Social Policy and rights-based orgÈnisation Changing Our Lives, and first presented at Ikon (March 20231, toured to The Exchange, Univ&tsily of Bimingham (March- Junè 20231, Sit& Gallèry, Sheffield IMarth-April 20241, and Fabrica, 8rigMon (August 20241.

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 Ikon produced two new projects funded by Birmingham City Counul.. a Compassion8te City project in partnership wlh Birmingham Hospice. pholographer Ayesha Jones and the Erdington Asian Group.. and a Cultural Development SeNice project in partnership with H8ndsworth Library, phologrnpher Maryam Wahid. producer Haseebah Ali and members of the library communty who regularfy access the Warm Welcome space and tske part in the over 50s club. Pholwr3phic exhibitions produced by Jones and Wahid in collaboration wilh local community members were showcased al Ikon Gallery as part of The Migrant Festival 2023. in addition lo Vanley Burke's A Gift to Birmingham. (lisplayed at The Exchange. Between 2024-26. Ikon is partnering with Birrningh3m City Council Public He31th IBCCPHI on a research inilialwe designed support the development of a new cre3tive he31th strategy for Birmingharn. Working with a range of stskeholders across various districts. Ikon's Research Officer (Public Heallhl. joinuy engaged by BCCPH. Gomrnenced evaluation of Ikon's projects produTrd in partnership with Birrningharn's inner<ity libraries. including Maryam Wahid's Dreams of B wm. and Living Well Consortium Ihe Midlands. lea(ling men131 heatth consortium including Jaskirt Dhaliwal-Boora's Green Sp3ces 120241." providing residents in receipt of social prescriptions with acce5S to creative and cultural activities in their local area. Ikon. in partnership with Transwrt for West Midlands ITFWMI, has comrnis5￿ned BlaGk Country artist Totn Hrks lo w-Greate a new public sculpture with tnembers of the local cotnmunty al the Cross Street Lcral Travel Point in Halesowen public green space providing options for active and environtnentally friendly local travel. The sculpture, entiued You Are Here, Mrill be installed with the travel point in aututnn 2024. Publishing Two exhibition pU￿1¢￿tIOnS produt8d by Ikon during 2023124". M818ti Stsryodamio. P8$s￿nt@ Pilgrim D8&n K8118nd. Impost8rSyndmm& Two off-8i18 project publicalion produced by Ikon during 2023124.. De&n K8118nd. Not88 Irom Gr8ndon.' Two Slow B08t Ye3r 3 In addition to one publication produced in 2022123 for exhibitions continuing in 20231?4.. Hofforin the Moc¢emist Block One re-print of 3 previous exhibition publication.. Garto Crivelli. ShadDWS on the Slry Increased focus on audience development at local, national and international levels Ikon contributes to national audien￿ data gathering in￿at￿leS. including Audience Finder sutveys. using both quantitative and qualitative research for a snapshot view of visitors, tracking demographics such as age, gender, sexuality, ethnicily, education and geography In 2022123 we used both Audience Finder and the Insight and Impact digital tool kit Oral feedback and comtnents cards provided tnore in-depth direct audience responses These were reported at quarterly Trustees meetings. Ikon contributes lo national audiencÈ data gathÈring initialives, cdlecling and Ènalysing responses to its programmes and acli¥iliÈs, gathering insights through Illutninaie and Culture Counts- audience data platforms ulilised by Ikon Ènd cornmissioned by Arts Council England. Surv6ys admini818￿d via Illuminate help us under81and who has land ha8n'tl engagèd, tracking demographics 8uch as ag8, gend8r. 8&xualily, &thnicily, disability and geography, bènchmarked again81 the annual dats Ikon coll8cts as well as regional and sector data. CullurÈ Counts surveys Ènsurè we obtain p8èr and public fÈadback on th& quality, rèlÈvanc8, and accessibility of &xhibil8d content. Oral f&8dbad< and comm&nts Cards provid8d mor8 in-d8plh direct audi8nc& responses. Th88& reported al quart&rfy Tm8168s m&&ting8. In 2023124, w@ a18D eDnducted Cultur8 Counts survw with our partn8r organisation8 and 8rt18ts lo measur8 the impact Df the wod< produc8d on th@Ir aims, obi8ctive8 and creative practices. R8c8nt 8valualion u81ng the Cuiiuf8 Counts survey lo captur8 Insigh18 from artists 8ngag@d with Ikon's Start th& Pres81 8xhibilion showed thal artists f811 w8lcom8 and supported by Ikon, conn@ct8d as part of a n8tworf( and that Ihr p8rticipation conlribut8d lo the development of their artistic pr8Ctice. We work with the Contemporary V18ual Art8 N&lwork to k88p abr88sl of d8v8IDpm8nls In lh8 88Ctor, complem8nling our 8ngagem8nt with other agencies such as Culture Central (Wesl Midlandsl and Plus Tate. Appealing to culturally-focused audiences within a 45-minule driving distance. and to encourage existing aUdIen￿S lo return vthen they can. we have worked with regional organi5ations including Birtningham Conservaloire, Birminghatn Contetnporary Music Group." Birtninghatn SGhool of Art." Brindleypl3ce'. Celebrating Sanotuary.. Changing Our Lives., Coventry Biennial.. Coventry School of Art and Design.. Cuhure Central,. DASH (Disability Arts in Shropshirel". Erdington Library.. Grain Proiecls.. Handsworth Library.. Ladywood Arts Forum". Living Well Consorlium". National Trust," ORT GallÈry, Still Walking." Stirchlèy Priniworks", The Exchange, University of Birmingham, alongside other departments," Transport for West Midlands." Vivid Projects." WolvÈrhamplon Sthool of Art. Ikon's programm& during 2023124 included a number of 8xhlbltion8 that weré cr08s-artform and thu8 e8p8cially conducive to audl&nce developm&nt È.g. Horror in thè Modernisl Blottk and the film zone created on our fitst-flcyx gallery spaces, proj&cted in a limed sÈquÈncÈ, four video installations played with the anticipation of horrorfilms lèading vi&wets around the darkÈned spate.

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 Ikon's fifth Migrant FeslDial twk place betsveen 17 August- 3 September 2023. featuring projects by three Birrningham photographers Vanley Burf(e. Ayesha Jones and Maryam W8hid who collaborated with inner<ity communities lo share their stories of migration. Burke s A Gift to Birminghsm was disp18yed at The Exchange13 July- 31 August 20231. attrdcting 4500 visitors. Jones, Leav& A Lighl In Aly Room was disp13ye(l al Ikon Gallery 117 20 August 20231. attracting 943 visitors. followed by Wahids 0￿8￿77s of Brum 131 August - 3 September 20231. attracting 864 visitors. The festival also induLled artists, talks. MUS￿ events by Celebrating Sanctuary Birrllingharll and a f8mily workshop. With the support of Freelands Foundation. Ikon Youth Programme continued to activate Slow Boat - a converted narrowboat- a5 an 3ltemalive art school. Off Site and Touring Ikon's off-site activty is concemed fundarnentally with audience developtnenL reaching those ¥vho do not nomially frequent galleries an(1 tnuseutns. ynd demonstrating the continuity tEtween art experienGe and everyday lrfe. Art al HMP Grgn(lon. Ikon continued to work with residents of HMP Grendon, Buckinghatnshire. Dean Kelland's artist's residency al the prison 1201W231 concluded wth a tnajor exhibition entiued I￿poSter Syndromg al Ikon Gallery ISeptetnber- December 20231, which toured to HMP Grendon INovetnber- DeGember 20231. Curated by prisoner Nick London Ipseudonyml. and open lo prisoners. HMPPS staff and invited guests, the off-site exhibition included video works shown at Ikon Gallery and a permanent installation of andBoy." Hunky Version 120231 on the exterior of the ma￿e-LOUise von Motesiczky Sludio. Wrth fvnding friNn Ihe Marie-Louise von Molesiczky Charitable Trusl, Ikon will continue its artisl re&dency prDgraniffle al HMP Grendon for anDther th￿P years 12024-26). bwth artisf and pnntmakèrsirnon Harris working with tIy6 prison's communilymemb8ts to produce n8w bvork ¥vhi¢h will bé Sho￿￿&8￿ af prison 8nd kort Gall6ry. Slo B081. With r8n&w8d funding from Fr88lands Foundation for three IIYPI continu&s to activat& a convertéd narrowboat a8 an alternative art school. years 12024-271, Ikon Youth Programm8 The Migrant F8stiV81. Ikon'8 2023 f8stival fealured projects by thre& Birmingham pholograph8rs Vanley Burke. Ay8sh8 Jones and Maryam Wahid with phologr8phic exhikntiorts pr8s8n18d at Ikon Gallery and The Exchange, University of Birmingham. Maryam Wahid's Dr88m6 of Brum lour8d lo Handsworth Library IOciob&r 2023- March 20241. Foka Wolfs, Why Ar@ W8 Stuck In Hospitalg_ produc8d by Ikon in cdlaboralion with lh8 Univ8r8ity of Bimingham's s¢￿￿1 of Social Policy 8nd Ch8nging Our Lives toured lo The Exchange. University of Birmingham (March June 20231, Site Gallery, Sh8ffiÈld (March- April 20241, and Fabrica, Brighton (August 20241. Following Mil J81 Inn's exhibition al Ikon Gallery (September November 20211. Dreamworldtr8velled lo MAIIAM Contemporary Art Museum. Chiang Mai. Th8iland. for a year-long presentation (April 2023 April 20241. Ikon's 2020 exhibilion by Judy Walson and Yhonnie Scarce. enlilled Looking Glass. in collator3tion with Tarrawarra Museum of Art. touree to Mildura Arts Centre. Austr81i818 June- 6 August 202318nd W8n 8rall8 Art G811 Australi8126 August- 22 October 20231. Education During Horror in the Modemisl Block, Ikon hosted a number of public prograrllme even15. In the period from April to May 2023 (when the exhibition closed). this included a free screening of Italian filtnmaker Diego Marcon's short film Monelle 120171 at Midlan(Is Arts Centre followe(I by a Q&A with author Christopher Beanland IConoEte Concept- Brutalist Bijildings Around The World. 20161. Artist 018 H8Ssanain led a free Spotlight Tour. discu55ing her woths inclu(le(l in the exhibition. As part of Melali Suryodartno's exhibition. Passionate Pilgrim. 28 live perforMan￿S were presented. including Ihe artist's 12-hour solo durational performance lin a Ghost in My Own House 120121. and Passionalp Pilgri Extended 12010-231. whith Suryodartno perforTned alongside 14 women frotn The Voice of Dotnestic WoTkers. Delegated perfortnances included KIeidu￿gSaffe 120061, r enaGled by solo tErfortners on selected Thursdays and Sundays throughout the exhibition. as well as Sweet Drearns Sweel120131- with performers induding BCU students and members of Ikon Youth Progratnme P￿sent fo Presen￿. Performance LaboratDry brought together Indonesian and UK-basÈd artlsts, wilh individual works performed by Alastair MatLennan, Marintan Sirail, Kelvin AtmadibrÈta, Sinéad O'tknnell. Selina Bonelli and Ralu R. Saraswali live al Ikon, with a special screening of new work by Mannlan Sirail. Vivid Projects * Ikon was a second perfoTtnance art laboratory. including UK-based artis15. With new work5 perfortned by meliss&ndre varin. Rosa Posllelliwaile and S&iriiir Saunders and Einily Scarroll In collabor8lion wlh Ikon Youlh Programme. In 8ddilion lo the live performances, Suryodarmo took part In an artist tslk, with Melanie Pocock. Artistic Director (Exhibilionsl and roundl8bl8 discussion. chaired by Linzi Slauv8r8, Artistic Director IEduc8tionl. In Summer 2023. Ikon's fifth 8nnual Migrant Festival included two concerts by Celebrating Sanctuary.. 8n in-convers81ion event between Ayesha Jones and Maryam W8hid ch8ired by Grain Projects.. a talk between Vanley Burf(e and Professor Gholami al the Exchange.. £nd a family workshop leLI by Wahid where families were invited to have their photograph taken. also al The EKcharye. During Mali Morris, exhibition, C311ing. Ikon hosted an evening of poetry readings by two of Morris, favourite poets. Liz Berry and Martha Kapos. who were introduced by Ihe 8rtisl. Following a screening of Dean Kelland's film, Catch Back 8￿eze(2022). pr￿luced as part of his artist's residency al HMP Grendon 3n(l organised to Goincide with his exhibition at Ikon Gallery. Kelland diSGussed his exhibition. lrnposter SyndronTe. during a publiG tslk with art historian Dr Sue Tate

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 For Start fhe p￿sSI Ikon hosted a cohort of eight Wesl Midlands printmakers who each established a functioning printmaking studio in the 9811ery. Each micro-residency culminated in fxiginal prints framed and displayed on the walls surrounding the press. Prinlrnakers included T8iba Akhlar. Haseebah Ali. Simon Harris, F8e Kilbum. Karen McLean, Laura Onions. Salinder Parhar and Heather Peak. A Start Ihe P￿SsI finale event brought together artists. aUdIen￿S and Ikon Youth Progr8mme lo celebrate the culmination of eight prinlrnaking residencies. During Exodus Crooks. exhibition. Epiphany (TernpO￿{reJ. Ikon facilitated talks. tours 3nd celebr3tion events. including". in Wè Stuttk in Hospital? And Foka Wolfs new installation. We welcomed people Mth lÈaming disabilities andlor autistic people to participalÈ in the Èvent. for which WÈ provided BSL interpretation and Èasy read guides. Schools and coll8 e8 Our formal education work 8xplor8d a wide range of Ih8m&s and ideas through exhibitions in way8 acce88ib18 lo wpils ofall abilitie8, at 811 key s18g8s. In 2023124, Ikon hosted multiple showc8se 8xhibilion8, produc8d in collaboration wth region81 education partners, including a showtasè of artwork8 made by pupi18 from thirteen Birmingham primary schmls during Springlsunmer 2023, as part of Cr8aliv8 Conn8ction8, the r8gional schoo18' consortia. Artworks by 8 8¢8d8mi8s in the Summit L88ming Tru81, produc8d during 3 day8 of w0￿hopS with 8rt1818 Hipkiss & Gran8y, w8re displayed in a school showca88 in Ikon in June 2023. Ikon's Education Team produced 14 free, downloadable wJuc8tional 8¢tivity packs for kay s18g8s 1-3, dasignod fu cr8alpi8 learning 8nd exploring k8y 8xhibilion themes, induding questions 8nd creative activities for thinking and talking about art in r8181ion lo global cultures and environmenls. Packs were produced lor exhibiliDns.' Horror in the Mod&misl Block,. Mel811 Suryod8mo'8 Passion8t8 Pilgrim., Mali Morris, C811ing,' St8rt rhe PEssl; Maryarll Wahid's Dreams of Brum,. and Vanley Burke's A Gift to Birwingh3m. To lesl education81 resources for Vanley Burk8's A Gift lo Bim?ingh8tFI. artist Haseebah Ali delivered 12 workshops 8t H8ndsworth Library for 329 primary, secondary anLI FE sludenls and hosted a Teacher Twilight CPD al the library lor 18achers and artS-8ducalors, involving discussions with srtist Mary8m Wahid and Dr Reza Ghol8mi. University of Birmingham. Ali also designed an activity pack lo support children and their familie8 to prep8re for starting school. Org8nised in partnership with Universrty of Cambridge, University of Birmingham and Kettle's Yard. this resource is part of Ready or Nof. a study funded by the Economic and Soci81 Research Council IESRCI. which aims to explore children's development in Reception and Year 1. Ikon Youth Pr r8mme iyp IYP include5 metnber5 vtho are nol engaged in formal educalion and etllployrnenl, 3s well as participants from secondary and further educètion 5elling5. Slow 8oaf is used by IYP as a studio lo develop and showcase new work in ceramics. glass. perfortnance. prinlrnaking. phot(NJraphy, sound art and textiles. It is a space where young people can be thetnselves. experitnenting with the idea of 3n artistic identity. individually and as a collectwe. In 2023124. IYP c0-produ￿d new work for exhibitions with artists Seungwon Jung, for Coventry Biennial. and A5hokkurnar D Mistry. for IntematK>nal Day of Persons with Disabilities. IYP produced a publication Slow BDat Year 3- with co-designer Laura Jaunzetns, and hosted a third Sl<)w Boat review ¥wlh pr<4ect evaluator Cathy Wade. to share their reflections on, and learning froTll. the programtne In March 2024. funding for the progr8mme w88 renewed by Freelands Foundation for a further three ye8rs12024-271. In ils next phase, IYP has 8n environmentsl focus. combating the climat8 cri818 and harn8ssing the pow&r of ycNJng people to lead on dimat8 ction. As part of Ikon's CEative Careers Fair 2023. IYP hosted an information stsnd to sh8re their experiences with other young people in the region aspiring lo creative jobs. The evenl- which also included information stands from Birmingharn Design., BCU Art Business.. BOM irmingh?m Open Medial.. Centrala.. Coffin Works.. Craftspace.. DASH (Disability Arts in Shropshirel.. The GAP Arts Project., Grand Union,. MAC IMidlanLls Arts Centrel.. The Rep.. Vivid Projects.. and Wawick Arts Centre - provided opportunity for Ikon lo advertise Information Assistant rdes, which IYP members regu18rty progress into 8s a natural nexi slep in developing their creative practices.

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 Visitus Allend8nces during 2023124, 8s follows.. Exhibtions lin person at Ikon) Intern8tional off sile and touring UK off sile and touring Online digital events E(lucalion digital engagement 161.000 54.000 176.000 247.000 54.0 Marketing & Digital In 202&24, a nutnber of itnprovemenls were tnade to Ikon's website to improve the user experien￿, particularly in relation to nav￿ating infortnalion 8bout where Ikon's exhibitions lake place lal Brindleyplace, off-site nationally and off-site inlernationallyl, con5iStenl titling, up(lating srcial tnedia oplions." and changes to the arohive. A number of exhibition related films were prC￿UCed in 2023124 to introduce and docuTnent Ikon's exhibitions. These included artist interviews with Melati Suryodartno, Mali Morris and Dean Kelland. Alongside these longer films, 3 series of shorter one tninute 'Reels' Ènd digital Swllight Tours werÈ also prcducÉd for srtial media which have rÉcei¥Èd high wewing and Èngagement rates. Ikon continued to caplure 360° gallery scans of ils tnajor and showcase exhibitions using Ikon's Matterport camera In autumn 2023, Ikon Join￿ up to Bloomberg Conn8ct8- 8 free arts and cultur& app créated by BIMmb8rg PhiLanlhropi8s which offé Èctess to ovÈr 350 inlemational arts organisalions. Ik￿.$ digital ltram has commÈncÈd training and work on (tsnlÈnt for Ikon's guidÈ, which launchÈs in May 2024. In winLer 2023, with Elonéx, Ikon advèrtised the Mali Morris éxhibition on sev8r818creens around th& cty c&nlr8, including thè 8nlranc& lo the Frankfurt Market on Nèw Stre8t. Ikon's Communitalions Team continued lo p￿￿U¢￿ digit81 adv6rt18&ments for Ikon &xhibilions, di8play8d on two digital LCD scre8n lo18m Signs which were installed in Ikon's exl8m81 arèas in April 2023. At th8 énd of the 2023124 period, Ikon has 107k followèrs acr088 all m8dia plattorms.. Twill&rl X 42.8k', Inslagram 39.1k', Facebook 19k", YouTub8 1.95k., Link8dln 3.4k. Ikon h88 four and a h811 thousand 8-newslell8r subscrib8rs. Ikon also produced 29 online blog posts, including the Annu81 Review 2023, pulling log8lh8r highlight8 from across our exhibitions and Education progr8mm8s,' pr8ss cov8rag8', and developm8nts in the Ikon 188m. Press and PR During 2023124 Ikon received extensive press coverage from Ioc81. n8tional 8nd international media organis8t￿ns. Most press for Hoffor in th8 Mod&mist Block occurred eartier in th8 8xhibilion, howev8r some lal8r pieces includad a review for Art Monthly by Thom88 Ellmer and a detailed seven-p8ge tour of the show in FX Mag8zine by David Trigg. who also reviewed the exhibition for the Spring issue of Art auarterly (Art Fund). Locally the exhibition featured on BBC Radio WM. Melali Suryodramo's exhibition received press interest across nation81 new5. regional and trade public8tions, including three pieces of coverage across The Guardian's platforTlls'. twice online1317M unique monthly visilsl and On￿ in print1109k circul8tionl. Jonathan Jones included the show in his The Week in Art roundup, published online and subsequently in his 'Going Out. Staying In, pick5. publishe(l in both The Guardian's S8turday Magazine print supplement and online. The Guardian also published a review by Adria Se3rfe. The show was reviewe(I by a variety of arts publicalions online induding ACA Project. Afterall, Art Asia Pacrfic. Art.Salon. Artssls Responding To... Gowithyatno and Plural Magazine Locally. Goverage included an artlGle for Birmingham Rewew, I Choose Birrninghatn. Redbrick and Secret Birtningham. Ikon's Migrant Feslival received some good local coverage. including BBC online, Birmingham Chamber of Comtnerce. Birtningham Wortd and Redbrick Newspaper. Both Ayesha Jones, and Vanley Burkes exhibrtiDns were highlighted on the Blk Art Map. Lin Stauvers. Ikon's Artistic Director (Education). was also inleTviewed for Scale Magazine. a Qatar-based digital magazine. Mali Morris. exhibition was covered by a-n. Art Daily News. Birtningham Lwing. House & Garden, Mousse. RA Magazine. Redbrick, The Arts Society. Turps Paining Magazine and was highlighted in a Telegraph article by Cal Revely-calder Morri5 also recorded an inierview for BBC R8dio 3's show Priv&te Passioris which aired In Noveinber 2023. Dean Kellan'8 exhibition was featured by Art Quarterly (Art Fund), wlh an extensive article by arts journalist David Trigg for the Autumn issue. This was supported by online listings for Art Fund. Cal Revely-calder, Senior Arts Editor al The Telegr8ph, reviewed the exhibition which received 4-stsrs. BBC news and BBC Midlands Tod8 both covered Kell8nd's exhibition. the resi(Jency and the showcase of prisoners, artwork al Ikon. Arts writer Elizabeth Fullerton wrote an extensive article for The Guardian, having visited Grendon for Ikon's symposium. Further coverage included a-n. Apollo. B .Brolher.Friend Inside Time. Mousse and Redbrick. Kelland also inleNiewed by BBC Three Counties Radio. the station local lo Grendon. Slart the P￿SSI was fe8lured on BBC online.. Birmingham Post.. Printmaking Today,. Sunday Mercury Ifocus on Cutture Forw8rdl. Exodus Crooks was interviewed by ICF curator Jessica Taylorfor Youn Artists in Conversation. In February 2023, Birmingh8m City Council announced funding cuts lo culture and Ikon was included in subsequ8nl m8dia coverag8. Ikon18d on an artida by Art New8pap8r', lan Hyd8, Chi8f Ex8cuIIv8 Officer, was Interwiewed for ITV News Central., and other cov8rag8 included Art8 Prof888ional,' Apcllo magazin8', Birmingh8m Mail., D8zed,' Mus8u￿ A880ualion', and The Guardian.

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 Ikon's leadership annoUn￿ment was featured in a number of publications including Arts Professional.. Art Asia Pacrfic.. Birmingham Chamber of Commerce.. and Museurns & Heritage Advisor. Collaborative Marketing During 2023124, Ikon benefited from collaborative m8rketing. e.g. through cultural collective5 such a5 Cutture Centrnl. loc81 digital festivals. networks such as Plu5 Tale and non-art agencies including Wesl Midlands Gr0￿h Company, BrindleYpIa￿, foreign governmen131 departments and national 3nd international galleries and organi53tions with touring exhibitions. An increasingly prorninent role in the Gultural life of Birmingham and the region During 2023124, Ikon continued actively to promote cultural exFerience in the West Midlands. especially 35 a rnember of Culture Central, the cultur31 development agency for Birminghatn, leading in I￿1 and regional cultural life, in partnership with other arts organisations. lan Hyde met wlh other DireGlorslCEOIED's to discuss shared challenges and solutions. These Gonversalions Gontinue wilh a supportive nelwoTk of olherart5-based organi5ation and institution5 sharing i(leas Mlh each olherto look inlo the fulure. Ikon continues to form part of Contetnpordry Visual Arts Network, and is part of the Bank of England's Decision Maker Panel. Ikon continued to work and e￿age with BID$, Birmingham City Countil Tourism and West Midlands Growth Company to incrèasÈ visitor nutnbers to the Glty throughout the year. Emerging and Local Artists During 2023124. Ik￿ continuÈd to support lotrAI and ÈmÈrging artists through its exhibition and education programmes. on- and off-site. Melali Suryod8rmo's Pass￿￿81 141gnm, invclv8d arti$18 associ818d wth Vivid Proi8cts who p8rform8d n&w wcks, irtluding melissandr8 varin, R08a Posllelhwaile and S8miir Saundets and Emily Scarrott. S18rt Th8 Pr8ssl 8ng8ged r89ional printmakers induding Taiba Akhtar, Has8ebah Ali. Simon Harris, Fae Kilbum, Kar8n McL8an, Laura Onion8, Satind8r Parhar and Heather P8ak. Birmingham-ba88d artis18 Ayesha Jones. Maryam Wahid and J88kirt-Dhaliwal Boora d8velop8d proj8c18 in collaboration %ith local communities in H8ndsworth and Erdinglon. Artists Saungwon Jung and Ashokkumar D Mislry develop8d workshops at showcase exhibitions with Ikon Ywlh Programme. We worf<8d with a number ol Ioc81 arti8ts-8ducalors who 8UPPOrted the d81iv8ry of our Family Saturday aclivili8s and off-si18 education worf(shops induding 8rts duo Hipkiss & Graney, Taiba Akhlar. Haseebah Mi, Polly Brant. Mengxia Lui, Ella Lloyd Marshall. Zara Masood, Laura Onions, Tr8c8y Sutton. Sh8nnon Thomson. Stirchl&y Priniworks and Mary8m Wahid. Greaterfinancial sustainability Revenue Funding Art5 Council En land £902.621 revenue funding was received for 2023124. irtnin hatn Ci Counal £19,731 revenue funding recewed for 2023124. Resilience and Fundraising Ikon increased fundraising Èfforts in 2023124 wth successful applications to trusts, foundations and partner organisations including SUPPOrt frotn Bagri Foundation, British Council. Birmingham City University. University of Leeds and generous individual donors for Melali Suryodartno's exhibition., Marie-Louise von Molesiczky Charityable Trust for Dean Kelland's exhibitK>n'. Freelands Found8lion. JeMooKJ Foutalion. The Sainibury Trust, Universily ol Birmingham and Universily of Wolverhainplon lor Slart Tlie Pressl Regionally, we re￿iVed Birmingham City Council funding for initial work 8round devdoping a Ikon Cr8all￿ A88llh prtyr8mm8. funding vi? the Council's Compassionate City project for Ayesha Jones. Leave A Light In My Roon?. and funding vi8 the Cultural Developrllenl Service for Mari8m Wahid's Dreams of Bmm. We were successful in our applKalion to Ihe Arts Council England's Transform One and Transforrn Two Funds. which sUPPOrted us with £31,425 forcore and the ability lo refresh the physical Ikon shop. In 2023124. we increase(l our corporate p3trons HSBC UK joining Deutsche Bank. Elonex. Howe115 and Viesstnann. We entrwnced engagement further by sending our patrons regular e-newslellers and arranging visits to Ikon's e%hibilions and off-site projects. We continue lo review 8nd develop our offer for. and engagernenl with. corporale clients and individual patrons alike. Ergo Real Estsle also sponsored the exhibition launch of Mali MoTriS' exhibition. In addition, during 2024. the teèm have successfully led a fundraising drive around our 60th anniversary with individu815 and cortorate lients donating to support our exhibition and eduGation progr3mtnes This includes grants from Edward and Dorothy Cadbury Trus( 10

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 Maria Bjornson Memorial Fund and Mills and Reeve Charitsble Trust and GJW Turner Trust. Ikon received over £6k in cash-box donations and over £8k in digitsl donations made via GoodBox and Ikon's website. The 50th Anniversary Investment Fund continues to fluctuate with world occurrences and is indicated wlhin the accounts. Sustained organisational integrity, alongside possibilities for change Managerial Pradi¢e In February 2024 Ikon had a change in executive leadership structure. The B03rd of Trustees appointed lan Hyde 3s Chief Executive Officer. Melanie PoGoGk. as Artistic Director IExhibition51 an(1 Dr Lina Slauvers. as Artistic Director IEduGationl. The teatn are SUPPOrt￿ by the wider stsff tearn and the Board are exlrernely pleas￿ wth how the whole team h3ve 3dapted lo Ihe new leadership. Ikon is proactive in its approach lo diversity and inclusion. determined lo remove unfair barriers perceiV￿j or real for individuals wishing to engage with Ikon, as members of ourworlrforce. as participants. wsitors or art15ts. All employees. freelancers and contractors apply principles of diversily. as outlined in our Equality Diversity and Inclusion Plan. and Gontribute to the impletnentation of this strategy, reviewed by our staff working group, as well as the Senior ManageTnent Team and quarterly Board meetings. During 2023124 Ikon continued lo bp involved with the More than a Moment consortium, concemed to ensure greater opportunities ar Èquality for Black arkn$ts and creatDfes In the West Midlands. as wÈll as anti-racism in the Èrts. I staff continue lo attended regular Equality Diversity and Inclusion Tneetings throughout the year and working towards including EDI in Èll areas of our work. During 2023124 Èn uOaiÈd EDI plan Impl&mènted and will continue in 2024125. Personnel During 2023124, DBS check8 w*re madé on new 8mplty8es and r&nèw8d for exi81ing employÈ8s a8 requir8d. During th& 2023124-y8ar. Ikon created a new rol8 of Education CoNdinalor lo support the development and deliw8ry of 8choo18, family 8nd community proi&cts, a8 w811 as 8 Public Health R8s8arch Offit8r lo Improve und&rslanding and Impact of an art gallery on public héalth Ifund&d by Birmingham City Council Public H&allhl. Ikon's prévious Educational and Cultural Partnerships Manag&r b8tam& Ikon's D8v8lopm8nl and Partner8hips Manager. The new l&ad@rship 8tructur818bov81 was introduced in F8bru8ry 2024. Ikon a5 an Enl Level Em er During 2023124, there We￿ a srnall number of work experience pl￿ernentS that took place with departments. Trainin Ikon continued to invest in stsff training and professional development. 90% of 811 staff unLlertook Carbon Literacy Training following initial training to the trainer by Mu5euTn Oeveloprllent North Wesl through the Plus T8le nelwork. The training ha5 directly influenced the development of Ikon's Green Team and poli￿ that inftuences all work that Ikon undertakes. Kerry Hawke5 (Developrnenl & Partnerships Manager) completed a Senior Leader Ma5terfs Deg￿e Apprenticeship ISLMDA. Level 71 (Arts and Cullurel at University of Wofverhampton with a Distinction. and was awarded Chartered Manager Fellow Status by the Chartered Managernenl Inslilute. Rachel Matthews (General Manager & Executive Support) cotllmenced a Senior Leader Apprenticeship ISLA, Level 71, also at University of Wolverhampton. Ikon staff attended accessibilty training about ALT text and audio descriptions. Building and Maintenance Ikon was succe$8lul wilh the applicalion lo Aris Counul Eng18nd's Translorm Two FU￿$, providing Supporl lor 8 small ainounl ol rel811- based capital Improvements with 8 refresh of Ikon's physical shop. Early in 2023124. sorne Covid modifications that had been introduced to the building were removed after cOnS￿er￿tiOn. Ene consum tion 8nd c8 ital works Throughout the year there was no exhibition that required clirnale control conditions, and Ikon rerllained dosed on Mondays and Tuesdays during the majority of the year as a cost saving measure. In January 2024. 1kon closed to 8llow the capital works of the ground floor shop to 13ke p13ce, an(1 reopened in our 60th anniversary year with a fresh look. 3150 re-opening the shop alongside the C3fé on Mondays and Tuesdays lo generate as much income as possible. FIPIAIICIAL REVIEW The group surplus for the year lotslled £34.389 12023.. deficit £186.7611. Of this, a £130,236 surplus12023.' a deficit of £58.￿1) was produfj￿ by unrestriGled fvnds with restriGled fijnds deGreasing by £95.84712023". deGreasing by £128.4201.

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 Oozells Trading Lirllited's activities during the year were that of the leasin9 of the trading areas 85 8 café. A nel profil of £2.09512023.. nel loss of £3.9341 was achieved. As a result no amounts are payable to the holding company as a charitable donation rnade under Grft d12023.. Nill. Additions to the group tangible fixed 8ssels total £36.943. The totsl net bwk v31ue of group tsngible fixed assets is now £3.012.403 12023.. £3,202.6281 investments total £681.011 12023.. £603.8121, nel current assels total £840.42812023.. £693.0141 and creditor5 falling due after one year £nil, resulting in total group net 8ssels of £4.533.84312023.. £4,499.4541. Total group funds al 31 March 2024 of £4,533.843 12023.. £4,4￿.454) were comprised of £1,410.734 12023". £1.280.4981 unrestricled reserve5 and £3,123,10912023." £3.218.9561 restricted funds. Reserves Policy The Balance Sheet shows unrestricted general free reserves li.e. reserves that do not show any restriction on how they can be used which are represented by net current assets) as al 31 March 2024 of £348,277. The Trustees consider that, ideÈlly. unrestriclÈd re5ÈTves should equatÈ lo approximately three months. running costs and bè $ufficiÈnt to coverthe tnaximum potential liabilities that could arise in the event of wnding up the cotnpany. budgeted at £308.000. The TftJsl88s b8118ve that th8 curr&nt levél of r&s8N8S provid88 Ikon with adequat& funds to méet potential liabilitiès of winding up th8 company and will ¢ontinuÈ to maintain the reserves around the targeted level. This yearfs results were supported by the temwrary increase in thÈ Exhibition Tax Relief. 118hould b8 noted that the Ikon 50 Fund of £500,000 Is d8Sign8t8d by the Tm8t8es for the d8velorMr8nt of new work and support of Èrtists. D&v8lopmenl Fund- this fund was sel up a8 a r88trict8d fund u8ing gran18 r8ceiv8d from th8 National Lottéry Fund. Europ8an R8gional D&v8lopment Fund, Foundation for Sports and th8 Art8, Argent plc, and oth&r donations for the purpose of r8furb18hing Ooze118 st￿@t School as 8 sil8 fix Ikon Gall8ry. Thi8 lund is b&ing wrillen off al the ral8 as th8 8XP8cl8d useful lrfe of th8 fixed ass818 relating to the d8velopm8nt. Restric18d Gr8nls- This is grant income recewed during th8 year relating to specific 8xhibilions or projacls and th& funds expanded on these aclivilie8. Ikon Gallery Limited established an investment fund in 2015. The Fund is managed by the Board 8nd is intended lo protect the org8nis81ion from financial risk. 11 will only be 8llocal8d whan there is no other cours8 of action lo b8 lthen such as complet8 withdrawal of all public funding or closure. Th8 Fund's capital will b8 safeguarded with 8ny interest m8d8 8nnu811y lo b8 used to support exhibition development to an agreed level of funding e8ch year. wherever possible. for an exhibition al Ikon or for sorlle equivalent form of project or 8ctiwly. Future Plans Ikon will continue to deliver a high-quality progratnme of exhibitions and events lo engage a wide range of 3udiences. Slow Boat. our C3nal-based project has been exlen(led for an 8ddilional Ihree-ye8r period and Art at HMP Grendon wll also cortinue with new artists in resi(lence. We look forw3rd lo expanding our various off-sile prrgramtnes and starting new prograrnmes around creative health. Our work off-site will continue alongside partners in prominent safe I￿110￿5 throughout the Gity and LEyond. Intemalionally, our work will continue to be shown. especially through partnerships in France and Thailand. We recognise that the current period we continue to WOTk through is challenging for all, especially regarding public funding, incotne generation and increasing Gosts. Since being apwinled. our new leadership teatn has moved fast and enabled us to streamline processes. increase a￿a5 of incijme and end the 2023124 finanaal year in a 5UTplus on unrestricted funds, however the coming year continues itr look thallÈnging. Fundraising and Developrnenl We are making 8 concerted effort to increase funding from nonyublic funding sources. Commeraal artist commi88ions are being Sought, and we 8re capil8li8ing on opportunitie8 that 8rise through marketing and PR activity, 8.g. philanthropic and donor cultivation, memberships corporate support. We aim lo boost retail through an ongoing soci81 media presence while increasing our requests for don8tions through digital payment mechanisms and developing new commeraal partnerships. Fundraising standard5 infomiation The charity is registered wilh the Fundraising Regulator 8nd complies with all requirements. 1kon is a small charty who's main fun(Iraising 3pproach is to appty lo TTUSts and Foundations for grènts towards the core costs of the organisalion and artistic and educètion31 projects. The chèrity monitors our internal s13ff tearn and our 8pproach to rnaintaining our relalionships wrylh individuals 8round p8tronage and financial support through regular income generalion rneelings. The charity does not pay external fundraisers or Gompanies to raise rnoney for us, we do not tnake unsoliGited approache5 to indiwduals either on the street or by phone and we have received no complaints regarding the fundraising strategy. 12

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 Staff Our Front of House team Ilnformation Assistsntsl will continue lo be recruited through h¥elve-monlhty cycles. ensuring that we achieve tnore dDiersity in our staff. We are likely to recruit further sl?ff to be able to deliver the 8bove fundraising and development ambitions. The charity does not make use of volunteers. Audience Development We will reform our dats and audien￿ development plan wilhin 2024125 responding lo changing citylregion demwraphics from Cen5US data, e.g. new waves of imtnigr3tion. increased number of eldedy residents. the impact of ongoing challenges. manrfested especially in homelessness. poverty. as well a5 responding lo imp3cts of cost of living crisis. We will Gonlinue lo remain open 8nd free to all to SUPPOrt ment31 health recovery. FaGilitie$ and Capitsl During 2024125, we will review our strategy for the improvetnent of the essential infrastTUCture of Ikon's pretnises, reducing our cart fwtprinl and potential liabilities as listed in our Risk Register, whilst taking opportunities for growth. Going £oncern At the dale of signing thése financial stal&ments, th8 Trusi8e8 hav& con8id8red th& éffect of recent chall8ng&s in the operating of the charity and wdÈr group. The Trustees do not bplieve that the challenges wll aff&t the group's ability to coniinue to opÈrale for the fo￿Seeable future. As wth most organisalions. thÈ initial itnpact of C-19 global pandetnic. folli>wed by increasing costs in all areas and r8ducbon8 in public funding hav8 cau88d challenge8 and impac18d how we op8rai8. A r8ductK)n In th& numb&r of days we ar8 open to the public In addition to Incr88sed fundraising and strèamlining our inlem81 processes. have all8vialèd some of the p￿sSUre$. Our currÈnl cora public funding from Arts Council England INPOI is likÈly to be exlÈndÈd a year until Marth 2027 and Birmingham City Council has continued wilh 50% of Ihe cor& funding through 2024125 before reducing Io z8ro. Even If individual years ahead b8com8 cha118nging. due to the lev81 of r8serw8s and ca8h balartes held 8nd Security of som& of our income slr8ams, such a8 th& mulli-p8riod core grani from Arts Council England and 8Xternal multl-y8ar proi8cl grants a8 well as secured future funding with k&y partnets, we ar& w811 placed lo continu8 Operating. STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng Documont Ikon Gallery Limited is a company limited by gu8r8ntee governed by its Memorandurll of Association dated 29 March 1967 and amended to 811ow for current govem8nce arrangements on 15 March 2006.11 Is 8 registered charity with the Charity Commission. Ther8 are currently 11 members of the charity each of whom is an elected trustee and who agree lo contribute £1 in the event of the charity winding up. Appointment of trustees The charity is a company limited by guarantee and is governed by its Merllorandurn and Articles of Association. In accordance with this. direcloT5 who are Iruslee5 of the charity and members of the Board are appointed or electe(l as follows.. An individual must be appointe(l a Member of the Charity before they can be a Board Member. Membership is open to any artist. teacher or disseminator of knowledge of the arts or any individual interested in protnoling the objects of the Charity in general. The current MeTnbers of the Charity are the B03r(l Members. A third of Board Members retire at each AGM wlh th05e longest in office retiring first Each Board Member can be re-appoinled for a Tllaxitnutn of three tertns of three years. The Chair, in consultation with other members and the gaI￿ry director. reviews the expertise required for the Board Through personal Ènd professional conlatts and advice from organisabons, Candidates a￿ approached and inleNiewed by the Chair and the Director of the Gallery. If there is agreement amongst Board mÈmbÈts, a candidate is nominated, sÈctrndÈd and voted onto the Board at the Annual General Meeting. Trust88 induction and training Trustees undergo induction when appointed to the Board. This inVo￿e5 a meeting with the Direct￿ of the Gallery and the Chair of the Board. and 8 lour of the gallery. New trustees receive 8 corllprehensive p8ck containing information 8bout the gallery. ils progr8mTlles and poli￿es. 8nd copies of previous Board minutes and documents relevant to the current discussions. They dso receive a stsff p18n £nd brief biographies of current stsff. Organisation The charity is adrllinislered by the B03rd which can have up lo 15 members and meets quarterfy. The Board have appointed a Director of Ihe Gallery lo rllanage day lo thy operations of the chanty. To facilil8te operations the D1￿Ctor has delegated authority. within terrns of delegation 3pproved by the Board, for otEr3tional matters including finanGe. etnploytnent and artisliG actiwty. The Risk Cowmittee. comprising four Bo3rd tnembers, meets on a quarterly basis lo consider in detail financial rewrts and other issues relating lo the man8geTnent of the Gharily. Minutes of these tneetings are Girculaled lo the Board. 13

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Trustees, Annual Report Year Ended 31 March 2024 The Trust considers ils key management personnel comprornise the director and deputy director. The pay of the key management personnel is set with reference to benchmarking using comparable roles in organisations similsrto Ikon. Related parties The charity's wholly 0%￿ed subsidiary. Oozells Trading Limited. established lo operate the comMe￿al aclDiities of the charity. The subsidi3ry s only current aclDIty is the lease of property for use as a cafélrestaurant. The subsidiary s profrts la5 arising) are covenanted to the ch3ri1y (see note 14 in the accounlsl- Birtningharn City Counril and Arts Council England provide funding lo supwrt core operating costs. Statement of Dire¢tor5' and Trustee5' Responsibilities The tTUStees (who are also direGlors of Ikon Gallery Limited for the purposes of company lawl are resporEible for preparing the Trustees, Annual Retwl and the financial statemenls in accordance with ap￿1¢able law and United Kingdom Accounting Standards (United Kingdom Generally Accepting Accounting Practice) Company law requires the trustees to prepare financial staletnents for each financial year which give a true and fair view of the state of Èffairs of the charitablÈ company and of the incoming resourGÈS and application of resources, including the intome and ÈxpenditurÈ. of the charitable company for that pericd. In preparing these financial slatetnents, the d1￿CtorS are required to sÈlect suitable Èctounting wlicies and then apply thÈm consistently." obs8rv& th& m&thod8 and principles in the Charili8s SORP 2019 IFRS 1021., make judg8m8n18 and 8slimal8s that ar8 r8880nabl8 8nd pmdenl., s18te whethar 8pplicabl8 UK 8ccounling s18nd8rds have b88n fdlowed, subjacl lo any material departures disdosed and explained in the financial s18t8menls'. and prepare the finanaal s18temenls on the going concem basis unless il is inappropri8te to presume that ihe charitable comp8ny will continue in business. The trustees are re5tonsible for keeping adequate accounting record5 that disclose with reasonable 8ccuracy al any lirne the financi81 position of the charil8ble company 8n(l enable them lo ensure Ihal the financial st8temenls comply with the Companies Act 2006. They 3re also reswnsible for safeguarding Ihe assels of the charitsble comp3ny and hence for t3king reasonable steps for Ihe p￿ventIon and delection of fraud and other irregularitie5. In so faras the trustees are aware there is no relevant audit infortnalK>n of which the charitable cijrnpany s auditors are unaware, and the trustees have taken all steps that they ought to have taken to tnake thetnselves aware of any relevant audit information and lo establish that the auditors are awa￿ of that infortnalion. This rewrt has been p￿pared taking advantage of thé ÈxÈmptions for small companiÈ8 within Part 15 of th8 CompaniÈs Act 2006. Auditors Cwp8r Parry Group Limi18d has expre888d ils Mllingn8ss lo continu& in office and will b@ FKopos8d for ￿-appOIntMent at the Annual G8neral Meeting. S*Md trg.. LLL trocLLL E1CF Ignd 6 Wllof tho Board on 20 September 2024 L Bro¢kl6hurst Interim Chair 14

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Independent Auditor's Report to the members and trustees of Ikon Gallery Limited Year Ended 31 March 2024 Opinion We have audited the financial slalements of Ikon Gallery Limited I p8rent charitsble company l and ils subsidiaryllhe group I for the year ended 31 March 2024 which ccKnprise the Group S13terrenl of Financial Aclivilies. the Group Parent Charitable Company Bal8nce Sheets, the Group Ststement of Cash Flows and the related notes. including a summary of significant accounting policies. The financial reporting frameworf( th8t has been applied in their preparation is applicable law and United Kingdom Accounting Sland3rds. including Financial Reporting S13ndard 102 Yhe Financial Reporting Standard applicable in the UK and ReputAi¢ of Irelan(I' (United Kingdom Generally Accepted Accounting Pr3Cticel. In our opinion the finanGial ststements.. give a true and fair view of the stale of the group's and parent charitable company s affairs as at 31 March 2024, and of its incoming resources and applIGatI￿ of resourtts, i[￿1￿￿1￿ its inGcKnE and expenditure, forthe yearthen ended." have been properfy prepared in accordance wlh Uni18d Kingdom C8n&rally Accepted Accounting Practice., and have been pr8pared in accordanc8 with the requirem&nts of the Companie8 Act 20ffi. Basis for opinion We conducted our 8udil In aceordanc8 with Internation81 Sta￿ards on Auditing IUKI IISAS IUKII and 8pplicabl8 law. Our r8sponsibilili&s under those standards ar& furth&r describ8d In the Audito¢s re8wnsibili11&8 for the audit of the financial stal&ments seelion of our report. We 8r8 indep8ndent of the group and parent charitable company in 8ttudanc8 with the 8thical r8quirem8nls that are r8lev8nl to our audit of the financi81 s18t8m8nls In th8 UK, including the FRC'S Ethical Standard, 8nd we h8V8 fulfilled our olher 8thic81 responsibiliti88 in accordance Mth Ih8s8 r8quirem8n18. W8 b81i8ve that the audit evid8nce we have obtained 18 suffia8nt and 8ppropriale lo provid8 a basis for our opinion. Conclu81ons relatlng to golng ¢onc8rn In auditing th8 financi81 statements, we have conduded that the Iruslees, use of the going concem basis of accounting in the preparation of the fin8naal slatemants is appropriate. Based on the work we have performed. we have not identifie(l any m81erial uncertainties relating to events ￿ conditions Ih8t. individually or collectively. may c85t signrfic8nl doubt on the group and parent charil8ble comp8ny's 8bility lo continue as a going concem for 3 period of at least 12 months from when the financial 5tstements are authori5ed for issue. Our responsibilities and the reskvisibilities of the trustees with respect to going concern are described in the relevant sections of this report. Oth8r information The other infortnation comprises Ihe information included in the Trustees Annual Report. other than the financial slatetnen15 and our 3uditorfs report thereon. The trustees are responsible for the other information contsined within the annual report. Our opinion on Ihp financial statements does not cover the other infoTrnation and. except to the extent otherwise eXplic￿Y slated in our report. e do not express any forni of assuran￿ conclusion Ihereon. Our re5ponsibilily is lo read the other information and. in doing 50. consider whether the other information is rnalerially incansistenl with the financial slaternents, or our kno￿edge obtained in the coutse of the audit or otherwise appeats to materially misstated. If we identify such tllalerial inconsistencies or apparent tnaterial tnisstalements. we are required to detertnine whether this gives rise to a tnaterial misstatement in the financial staletnents thetnselve5 If. based on the work we have tErfortned, we conclude that there is a tnaterial tnisst3tetnenl of this Other Information, w8 ar6 Nuired to rèport that fact. WÈ have nothing to report in this tegard. Opinion8 on other matters prescribed by the Companies Act 2006 In our opinion. bas&d on th& work und8rtak8n in the coursa of th? a￿lit.. the informglion given in the Tru51ees' Annual Report 11ncort￿atIng the directors. report) for Ihe fin3naal year for which the rinantial statements a￿ p￿Pared is consislÈnt with thÈ financial slatemenls", and the Trustees, Annual Rewrt linGotporating the direGlors' report) has been prepared in aGc(rtanGe with legal requiretnenls. Matters on whi¢h we art ￿qUired to report by ex¢eption In the I￿ht of our knowledge and understsnding of the company and 115 environtnent obtsined in the cout5e of the audit, we have not idenlrfied material misstslemenls in the Trustees. Annual Report (In￿rporatIng the directors. report). 15

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Independent Auditor's Report to the members and trustees of Ikon Gallery Limited Year Ended 31 March 2024 We have nothing to report in respect of the following matters in relation lo which the Companies Act 2006 requires us to report to you in our opinion.. dequale accounting records have not been kept by the pa￿nt charitable company. or returns adequate for our audit have not been received frorn branche5 not visited by us.. or the parent Gharitsble fjotnpanys financial statements are not in agreement with Ihe aGGounting records and relutn5", or certain disclosures of Trustees, retnuneralion specified by law are not tnade," or we have not recelved all the information and explanatlons require for our audlt., or the Trustèes, were not enlilled to pr&pare the flnanclal 8lÈtemenl8 In attordancÈ Mlh the small companiÈs regime and lake advantage of the 8mall Compan￿S. exemptions in pr8paring th8 Trusl88s' Annual Report and frttr the requirement to prep8r8 a strategic report. R88ponslbllltl8s of trust868 A8 &xp181n8d more fully in th8 S1818m&nl of Truste8s' R8swn8ibilil18s, the truste88 are re8pon8ibl8 lor th8 preparation of the financial sl8tem8ntS and for b8ing satisfied that they give a Iru8 and fair vi￿, 8nd for 8uch internal control as the tru8188s del8rmin8 is necessary to 8nabl8 th8 preparation of financial s18tem8nls th81 are fr88 from material misstal8ment, whether du8 lo fr8ud or 8rror. In pr8paring th8 fin8naal slat8menls. the trustees are r&sFonsible for 88s8ssing th8 group's and parent chari18ble comp8nls ability to continue 8s a gThng u)ncern, disdosing. as applicabl&, matt&rs rel8t8d to going concern and using th8 going concem basis of accounting unless th8 truste88 eith8r inl8nd to liquidat8 th8 company or lo cease operations. or have no realistic 8ltÈm8tiv8 but lo do so. AudStorfs r6sponslbllltle8 forth8 audlt of the flnanclal statsments Our objeclwes are to obtsin reasonable assurance about whether the financi81 5ts1emenls as a whole are free from tnalerial misststemenl, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a gu3rantee th3t an audit conducted in accordance with ISAS IUKI will alw8y5 delect 3 material misststemenl when it exists. Missl8tements can arise from fraud or error and are considered material if, individually or in the 3ggreg3te, they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial statements Irregularities. including fraud, are in5t8nces of non-cotntAiar￿ with law5 an(1 regulation5. We design prwedures in line wlh our responsibilities. outlined above, to detecl rnalerial misstatements in respect of irregu13rities. including fraud. The specrfic procedures for this engagement and the extent to whiGh these are capable of detecting irregularities. including fraud are detailed below". Our assessment focus5e(l on key Idw5 and regulations the group and parent charitable ccYDpany has to cotnply with and areas of the financial statements we assessed as being tnore susceptible to misstatetnent. These key laws and regulalions included but We￿ not litnited lo compliance wth the Cotnpanies Act 2006, Charities Act 2011. Trustee Act 2mO. Charitie5 IProteclion and s￿la1 Investment) Act 2018. taxation legislation, data protection and employment legislation. We are not osponsible for preventing irregularities. Our apprtrach to dÈtecting iTrÉgularities intluded, but was not limited to, the following-. obtaining an under8tanding of Ih818gal and r8gulatory framework applicable to the group and par8nl charita￿8 company and how the group and parent charitable company ar8 complying with that framework, including agr8@m8nt of financial stal&ment d18cIo8ur&s to und&rfying documentation and other 8vid&nce". obtaining an und8r81anding of th8 group and par8nl charitable company's control 8nvironm8nl and how th8 group and parent charitab18 company h8ve applied relevant control procedures, through discu88ions with Tmst88s and other manag8m8nl and by performing w8lkthrough testing ov8r key ar88s', obtaining an unders18nding of the group 8nd p8renl charil8ble comp8ny s risk assessment prwess, including the risk of fraud.. reviewing meeling minutes of those charged with govemance throughout the year., perfortning audit testing to address the risk of management override of controls. including testing joumal entries and other adiustm8n18 for appropria18ne88, ev21ualing th& busin&ss rationale of significant transactions outsid8 the normal cour8& of busines8 and reviewing accounting è8lima18s for bias. WhS18l con8id&ring how our audit work addr&888d th& del&clion of Irr8gularilies, we a180 con8id8r8d th& likelihwd of ddection based on our 8ppro8ch. Irregularltl8s arl8lng from fraud are inh8r&nUy more drffitult lo del8Ct than thosé 8rislng from error. Becau88 of the inh8r&nl limitation8 of an audit, Ih8re 18 8 risk that we will not detect all Irr8gul8ri1ie8. Induding those leading lo a material m188tatem8nl In the financial sla18m8nls or non-complianc8 with r8gulation. Th18 risk Incr83s8s the mor8 that compliance with a law or regulation is removed from the 8v&nts 2nd transactions r8fl8Cted in the financial 8tat8m8n18, a8 we will be less likely to become aware of Ins￿nC&S of non-compliance. Th8 r18k Is al80 grea18r r8garding irregularitie8 occurring due to fmud ralh8r than error, as fraud involve8 Intentional concealment, forg8ry, collusion. omission or misr8w888nlalion. A further description of our responsibilities for the audit of the financial statements is located al the Finanaal Reporting Council's I"FRC's'l websit8 al.. https'.Ilwww.frc.org.uk18udilorsr88ponsibililies. This d8scription forms part of our auditor'8 report. 16

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Independent Auditor's Report to the members and trustees of Ikon Gallery Limited Year Ended 31 March 2024 Use of our report This report is made solely to the company's members, as 8 bcdy, in accordance with Chapter 3 P8rt 16 of the Companie5 Act 2006. Our 8udil h88 been undertaken so th8t we might slate to the company's members those matters we are required to slate to them in 8n auditors report and for no other purpose. To the fullest extent pemitted by 18w, we do not accept or assume responsibilrty to Ènyone olherthan the company and the companys members as a ￿dy, for our audlt work, forthls report, orfor the oplnlon8 w8 have formed. Gl&n Bott FCA Senior Slatulory Audilorfor and on behalf of.. Cooper Parry Group Llmlted Statutory Auditors Cubo Birmingham 41h Floor Two Chamber18in Squ8re Birmingham B3 3AX D8t8.' 01 November 2024 17

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Group Statement of Financial Activities Ilncorporatlng the Income and expendlture account} Year Ended 31 March 2024 2024 2023 Unrestricted funds Restricted funds Totsl Total Note Income from.. Donations and leg8cies Charitable activities ()ther trading activities Investments Other 955,834 49.473 109,150 33,253 139.246 530,4 1,486,324 49.473 109.150 33,253 139.246 1,510,878 170.670 122,430 17,623 321.343 Total income 1.286.956 530.490 1.817.446 2.142.944 Expenditure on.. Raising funds Charitable actDIitiÈs 273.000 949,466 273.000 1,575,803 329.849 1,966,147 626,337 Total expenditure 1.222.466 626.337 1.848.803 2.295.996 N81 gains I Ilossesl on investments 14 65.746 65,746 133,7091 Net income I lexpenditurel 130,236 195,8471 34,389 1186,7611 Transfers b8tW8en funds Net movement in funds 130.236 195,8471 34.389 1186,7611 Reconciliation of funds= Totsl funds brought forward 18 1,280,498 3,218,956 4.499.454 4,686,215 Total funds carried fowward 18 1.410.734 3.123,1 4.533.843 4.499.4S1 l incom8 and exp8ndilur8 d8riv8 from continuing aclivili8S. Th8 81a18m&nt offinancial aclivili&s Includes all gains and losses recognised during the y88r. The Charity has tsken advantage of Section 408 of the Cotnpanies Act 2006 and has not included a Parent Charity Statetnent of Financi31 Activities in these financial slaternenls. The net income dealt with in the financial 51atetnents of the parent charity is £32.29412023.' net expenditure £182.8271. 18

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Balance Sheet Year Ended 31 March 2024 Group 2024 Group 2023 Company 2024 Company 2023 Note Tangible assets Investments 13 14 3,012,404 681 011 3.693.415 3,202,628 603812 3.806.440 3,012,403 681013 3.693.416 3,202,627 603.814 3.806.441 Current as8et8 Stocks Debtors C3sh at b8nk and in 27,114 243,839 1 022 398 1.293.351 62,166 429,293 522 388 1.013.847 27,114 249,998 1016152 1.293.264 62,186 430.628 519.034 1.011.828 15 Credltor8'. amount8 falllng duo wlthln one year 16 452 923 320,833 450,￿8} 314,881 Net current assets 840.428 693.014 842.266 696.947 N8t a8S8ts 4 533 843 4 499 454 4 535 682 Represented by Restricted funds 18 18 3.123.109 1.410.7 3.218.956 1.280.498 3.123.109 1.412.573 3.218.956 1.284.432 Uno8iriclÈd funds Total lunds 4 533 843 4 499 454 4 535 682 4,503,388 The financial s13temenls have been p￿pared in accordance with the special provision5 relating lo companies subject to the small companies regime within section 15 of the Companie5 Act 2006 The financial slÈtemen15 We￿ approved and authorised for issue by the Board on 20 September 2024 Signed on behawof the board of Iruslees S*Md by.. LLL eYocL(L -IF'fi" tvruste. roc Company r8gislralion number.. 00902138 The notes on pages 21- 34 form part of Ihese financial stslernenls. 19

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Statement of Cash Flows Year Ended 31 March 2024 2024 2023 Not8 Net cash provlded by operatlng actlvltles Cash flow frorn I lused by) oper8ting activities 20 520,168 1239,4761 Cash flow from investing acttvities Purchase of property, plant and equipment Purchase of inveslmÈnts 13 14 136.9431 187,4971 33,253 71.029 120.1581 123.7911 161,7211 17,623 78,759 10.870 Inve81m8nl Into￿ rec81V8d Proceeds from sale of investments Net Cash flow lu$edl l from in investing activities 14 Change Sn cash and cash 8quIv816nts In tho roportlng perlod 500,010 1228,6061 Cash and cash equivalents at l April 2023 522.388 750.994 Cash and ca8h 4ulval&nts at 31 March 2024 1.022.398 522,388 Cash and cash equivalents consists of.. Cash al bank and in hand 1,022,398 5L,388 Cash and cash equivalents at 31 March 2024 1,022,398 522,388 20

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 Summary of significant accounting policies lal Genoral Infomiatlon and basls of pr8paratlon Ikon Gallery Limited is a company limite(I by guarantee in the United Kingdom. In the event of the charitable group being wound up. the liability in respect of the guarantee is limite¢l to £1 per member of the charitable group. The addre55 of the registered office is given in the charit3ble group s information on page 2 of these financial 5t31emenls. The nature of the charitable group s oper8tions and princip31 aclivilies are the adv8ncement of education in the United Kingdom and inlernation311y. and in particular in the City of Birmingham and in the Wesl Mid13nds region. by encouraging the practice and the dissemination of knowledge of the arts in general but with especi31 regard to contetnporary painting. sculpture and olherfoTms of visual art The charitable group conslilutes a public benefrt enlity a5 defined by FRS 1D2 The financial slaternenls have been prepared in accordan￿ with Accounting and Retthing by Charities." Statement of Recommended practi￿ 120191 applicable to charities preparing their accounts in aGcordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. the FinanGial Reporting Standard appIl￿blE in the United Kingdorn and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2W6 and UK Generally Accepted Practice. The accounts are prepared in sterling and rounded to the nearest £1. Basis of Cortsolidalion The group financial statements are the result of the consolidatK>n of the financial statetnenls of the cotnpany and its subsidiary Ooz&lls Trading Limi18d. The financial stalÈments of all companies are mad& up to 31 March 2024. No sÈparate SOFA has bÈÈn prÈsÈnted forthe charity alonè as permitted by section 408 of the CompaniÈs Act 2006. The financial stal&ments are pr&par8d on a going concem basis under the h18tOriC81 cost conv8nlion, modrfi8d trj include cèrtain itéms al fair valué. The financial slat8mènts are prepared in stérling which Is th& function81 currency of the charity. The 81gnificant accounting polici8s appli8d In the p￿paratIOn of t￿$8 financial stal8m8nts ar8 88t out below. These polit18S hav& be&n consistently appli8d lo all year8 pre8&nled unless otherwise sl818d. Ibl Funds Unrestricted funds ar8 8vailable for use at the discration of th8 trusl88s in further8nce of the general objectives of the charity and %*hich hav8 not b88n designated for other purposes. Designated funds comprise unrestricted funds that have been sel 8side by the Iruslees for particular purposes. The aim 8nd use of each d8sign81ed fund is sel out in the notes to the financial slat8m8nls. Restricted funds are funds which 8re lo be useLI in accord8nce with specrfic restrictions imposed by donors or which have been r8ised by the charity for p8rticu18r purposes. The c08t of raising and administering such funds are charged against the speufic fund. The 3im and use of each restricted fund is sel out in the notes to the financial slaternenls. 21

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 1 Summary of significant accounting policies Icontinuedl Icl Income recognltlon All incoming resources are included in the Ststemenl of Financial Activities ISOFAI when the charity legally entitled to the incorne after performance conditions h8ve been met. the amount can be measured reliably and il is probable that the incorne will be received. For don3tions lo be recognised the charity wll have been notified of the amounts and the settlement d31e in writing. If there are ondition5 8llaGhed to the donation and thi5 requires a level of terformanGe before entitlement Gan te oblained then inGome is deferred until those con(lilions are fully rnet or Ihe fuKilment of those condition5 15 within the control of the charity and it is Donated facilities and (lonated professional setviGes are reGognised in inGorne at Iheir fair value when Iheir ewnomic benefrt is probable, il can be me3sured reliably and the tharily has wnlrol over the ilem Fair value is deletrnined on the basis of the value of the gift to the charity. For exaTnple the atnount the charity would be willing lo pay in the open tnarket for such facilities and ser¥￿eS. A corresponding amount is recognised in expenditure. No amount is includÈd in thÈ finan(xal slatemènls for voluntÈÈr time in line with the SORP IFRS 1021. Further dÈtail is given in the Trustees, Annual Report. For lÈgacie8, entitlement 18 the èadiér of the ch8rily b&ing notified of an Impending distribution or th& legacy being r8c8ived. At this point income is recognised. On ttcasion legÈcies wll bÈ nolifiÈd to thÈ charity however it is not wssiblÈ to mÈasure thÈ amount expÈded to bÈ distributÈd. On these Occasions. thÈ legacy is treated as a contingent assÈt and disclosed. Income from trading activities includes income 8arnèd trom fundraising &v8n18 and trading 8Ctiviti8s lo rats8 funds for the charity. Income is receivèd In 8xchang& for supptying 9￿d8 and 88rvice8 In order to ra188 funds and is rècogni8ed when &ntiUem8nl has occurred. The charity rec&iv8s gov&mment grants in re8P8Ct of ils principal activities which are th& advancement of education In the United Kingdom and inl8m81ionally. and in p8rticu18r in the Cily of Birmingham 8nd in lh8 We81 Midl8nd8 region. by 8ncouraging the practice and the di888min8tion of knowledg8 of th8 arts in g8neral but with e8p8ci81 regard lo contemporary p8inting. sculpture and other forms of visual art. Income from government and other grants are r8cognised al f8ir value when the charity has enli118m&nl after any perform8nc& conditions have b88n met, it is probabl8 that the incom8 will b& received and th8 amunl can be measured reliably. If enlillem8nt is not met then thes8 amounts 8r8 d8f8rr8d. Investment incorlle is earned through holding assets for investment purwses, such 8s shares. 11 comprises interest and dividends. Wh&re it is not praclic8ble to identify investment m8nagemenl costs incurr8d within a sch&me with reasonabl8 accuracy the investment income is reported nel of these costs 11 is included bvhen the amount can be measured reliably Interest income is recognised using the effective Inte￿&t Tllelhod and dividend income is recognised a5 the ch8rity's right lo re￿1ve payment is estsblished. Idl Exper￿ltUre recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate 311 costs related to the category. ExtEnditure is recognised where there is a leg31 or conslrudive obligation to tnake payments lo third parties. it Is probable that the settlernent will be require(l and the amount of the oblig3tion can be Tneasured ￿liablY.11 is categorised un(ler the following headings.. Costs of oising funds Exp&nditure on charitablé activities IrrÈcovÈtsble VAT is charged as an expense against the aclivty forwhich Èxpenditure arosè. lel Support costs allocation Support Costs a￿ those that a5SlSt the wotk of the charity but do not directly represent charitable actwilies and include office costs. govem8nce costs. administrative payroll costs. They are incurred directly in 5UPPOrt of expenditure on the objects of the charity 8nd include project Tll8nageTllenl carried out 8t He8dquarters. whe￿ supporf costs c8nnot be directly attributed lo particular he8dings they h3ve been 3llocated to cost of rèising funds and expenditure on ch3ri1able 3Ctivities on a basis consistent with use of the resources. Prernises and other overheads h8ve been allwaled on a pro rats basis. Fund-raising costs are those incurred in seeking voluntsry contributions and do not include the costs of disseminating inform8tion in support of Ihe th3ritable activities. The analysis of these costs induded in note 7. 22

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 Summary of significant accounting policies Icontinuedl lfj Tanglble fixed assets Tangible fixed assets are sl8ted al cost less accumulateLI deprecIat￿n. Cost include5 Costs directly attributable lo making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets. 8t rates calcu13ted lo write off the cost. less e5tim3ted residual value. of each asset on a systematic basis over its expected useful lrfe as folk)ws'. Long Le8s8hold land snd buildings Fixtures and equiptnenl Computerequipment 20 25% 25% Igl Investments Investments are reco9nised initially al fair value which is normally the Irans8ction price excluding transaction costs. Subsequently they 8re measured al f8ir value wlh changes recognised in 'nel gainsl Ilos*sl on inveslm&nls' in th& SOFA if the shares are publicly Ira(led or their fair value can otherwise be Measu￿ ￿lIablY. Investments in subsiLliaries are me85ured al cost less impairrnent. Ihl Stwks Stocks are slated at the lower of Gost and eslimated selling price less wsls to complete 4n(I sell C05t inGludes all ￿515 of purchase. ￿St$ of Gonversion and other wsls incurred in bringing stock lo its present loGation and condition. Provision is made for damaged. obsolete and slow-moving stock where approprrate il Debtors and creditors receivable I payable Mthin one year Debtors and crediloTS with no stated interest rate and receivable or payable ¥wlhin one year are recorded at transaction price. Any losses arising from itnpairment are recognised in expenditu￿. I Impaimient A888ts not me8sur8d al fair valu8 are r&vi&w8d for any indication that th8 asset may bè Impaired at each balance 8h881 dat8. If such Indicaion &xists, th8 r8co¥èrabl8 amouni of thè a888t, or the as$el'8 tash gen8rating unit, is Èstimated and comparéd to the carrying amount. Wh&re the carrying amount èxceeds its recovÈrabl& amount, an impaimient loss Is reccwJni8ed in the SOFA unless th8 a888t is carri8d al a walued amount wh8r8 lh8 impairment Ios8 18 a r&valuation d8cr&as8. Ikl Prov181ons Provisions ar8 recognis8d when the charity ha8 an obligalion al the balance she81 dal8 as a r8suII of a past 8v8nl, il 18 probabl8 thal an outflow of èconomic b&n8fils will be r8ouir8d In s@1118m&nl and the amount can be reliably 8slima18d. 111 Lo8808 Rents18 p8yable and receivable under operating leases are charyed lo the SOFA on a straight line basis over the period of the lease. Im) Foreign curr8ncy Foreign currency trans8cIions 8re initi8lly recognised by 8pplying to the foreign currency amount the 8POt exchange rale belween the functional currency and the foreign currency al the dale of the transaction. Monètary assets and liabililiÈs dÈrnminated in a forÈign Currency at the balants sheÈl dalÈ a￿ translated using the closing rate. Inl Employee benefits When &mploy888 have r&ndered 8&rvice lo the ch8ri1y. 8hort-term employe& b8n&flts to whlch the employ888 are 8ntitl8d are r&cognI8&d at the undI8counlÈd amount exp8cted to be pald In 8xchang8 for that s8NIc8. The charity OP8ra18s a d8fined ￿ntribUtIon plan for the ben&fit of 118 8mployees. Contributions are expensed a8 they b8come payable. 23

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 Summary of slgnlflcant accountlng pollcl88 Icontlnuedl lol Tax The charty is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the Llefinilion of a charitaNe company for UK corporation tax purposes Ipl Going concern At the dale of signing these finanGial stslements. the Trustees have consi(lered the level of Gash reserves and Gash balances held. and Security of some of our income 51reams including the rnulti-period core granl frorn Art5 Counul England INPOI and external mulli-year project grants. and conclude thal the group 15 well placed to conlinue lo operate. The finanGial foreGasts prepared by the senior leadership tearn show that the group will be able to operate ￿thin the facilities On that basis the TTUStees have prepared these financial statements on a going con￿r￿ basis. Inc<)mÈ from donations and legacies 2024 2023 Arts Council England Arts Council England Icapital Project) Art8 Council England ITransform Grants) Art8 Council England IBuilding R88ilienc8 Surweyl Birmingham Cty Council Trusts and Foundations Other Grants and Incotne 902,621 1,028,307 414 71.980 7.532 19,731 299,621 28,310 92.308 25.142 9.513 19,731 438,010 Ampersand Crivelli Èxhibition Donations and gift8 Patron8 43.013 10.969 1,486,324 1,510,878 Income from donations and18g8cies was £1.486.32412023- £1,510,878) of which £S3O,4￿(2023- £259.7271 w88 8ttribulabl8 to r8slrict8d and £955.83412023 £1.251.1511 was allribulabla lo unr8slrict8d funds. Income from charitable activities 2024 2023 Exhibrtions Exhibitions- Birmingham Organising Committee 2022 Cornmonweallh Games funding land olherfundersl Education 26.890 62.009 98,709 9,952 22.783 49,473 170,670 Incom8 from charitsble activi1188 was £49,47312023- £170,f701 all of which was attributable to unr8slrict8d funds. 24

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 Income from other tradlng actlvltles 2024 2023 Bookshop Café 78,025 31,125 94,885 27,545 109,150 122,430 InconE from olhertra(ling aclDiities was £109.15012023- £122,430) all of vthich wa5 attributable lo unrestricted funds. Income from inves¢men15 2024 2023 Bank Inlere5t Dwidends 17,343 15,910 2,522 15,101 33.253 17,623 Incorne from investments was £33.25312023- £17.6231 all of which was attributable to unrestricted funds. Other In￿Me 2024 2023 Gallery Hire Other Income 16,321 122.925 13,539 307.8 139.246 321.343 Other income was £139.24612023- £321.3431 all of which was attributable to unrestricted funds. 25

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 Analysis of expenditure on charitable activities Operation of the gallèry and exhlbltlons Education Total Raising funds Total Total and chariiable 2024 2023 development a¢tlvltle8 Costs directly allocated to activities Arhsls. materials & other insta113tion Gosts 180.166 43.769 167,673 72 347,839 43,841 45.385 393.224 43.841 716.860 51.203 MaTkeling & cotnmunirations Shop, tafé and Investment m8nag&r f&&s Salari88, pensions and other staffing costs 60,778 60,778 82,739 379.0 603.025 158,866 326,611 537,956 929,636 84,475 190,638 622,431 701,353 1.120.274 1.552.155 Salari&8, pension8 and other staffing c08ts Operdling costs of the 98118ry Depreciation GoveTnance (Note 81 65.169 34,906 100,075 36,685 136.760 141.915 272.126 196,152 23.563 24,192 17,439 12,620 89,157 296,318 213,591 36,183 646,167 18,836 13,577 13,264 82,362 315.154 227,168 49.447 728.529 288.556 257,020 56,350 743.841 557,010 Totsl Gosts 2024 1.160.035 415,768 1,575.803 273,WO 1.848.803 Totsl costs 2023 1.548.935 417,212 1,966.147 329,849 2.295.996 £626,337 12023 - £477,064) of th& abov8 costs w&re allributabl@ lo restricted funds. £1,222,466 12023 41,818,932) of th8 above c08ts were allribulabl8 lo unr881ricted funds. Governance c08ts 2024 2023 Salaries, p8n810ns and other starring costs Auditor's r8muneralion & assc¢iat8d professional f88S 20.887 28.560 20.363 35.987 49,447 56,350 Nei expenditure for the year Nel Èxpenditurè is stated afler tharging." 2024 2023 Depreciation of tÈngibl& fixed assets 227.168 257.020 Operating 18as8 rentsls 1,658 1,658 26

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 Twstees. and key management personnel remuneration and expenses The trustees neither received norwaived any remuneration during the ye8r12023.. £Nill. The total amount of employee benefits ￿￿ ived by key management personnel is £145,831 12023 - £175.1671. The Charity considers ils key management personnel coKnprornise the director. deputy director Inow Acting Chief Executive Officer), Acting Artsstic Director of Exhibition5 and Acting Artist￿ Director of Education. No12023- Nol trustees are accruing pension arrangements. The trustees did not have any expenses reimbursed during the year12023- £Nill Staff cost5 and employee benefits The average rnonthty numberof employees and full time equivalent IFTEI during the year was as follows". 2024 Number 2024 FTE 2023 Number 2023 14 14 13 Education Publicity Adminislr81ion 27 25 24 The tol81 statt cos18 and employee b8n8fits was 8s fdlows.. 2024 2023 Wages Ènd salariÈ8 Soci81 security D8fin8d t￿ntribution pension costs 701.311 53.773 24.994 775.620 60.924 27.087 780,078 863,631 There were no employees who received tolal ernployee benefft5 (excluding ernployer national insurance gn(I pension costs) of More than £60.000. 12 Interest payable and similar ¢harge5 2024 2023 Bank charg88 1.195 1.829 1.195 1.829 27

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 13 Tanglble fixed assets Long Leasehold Land and bulldlngs Computer Equlpment FSxtures and Equlpment Group and Company Totsl Cost or valuation.. At 1 April 2023 Addillons 5.526,731 231.306 11.720 1.006.586 25,L3 15801 1,031,229 6.764.623 36.943 12,8911 6,798,875 Di8wsals At 31 March 2024 5,526,731 240,715 D8preci8tion'. At 1 April 2023 Char9e for the year On Disposal At 31 March 2024 2.519,308 120,300 154,288 39,126 888,401 67,742 15801 955.563 3,561,995 227,168 12.8911 3.786.272 2.639,608 191.101 Net b￿k value". At 31 March 2024 2.887,123 49.614 75,666 3.012.403 At 31 Marth 2023 3.007,423 77.020 118.185 3.202.628 The net ￿0k value of long leasehrAd land an(1 building5 indudes £167,804 12023 £174.8￿) in respect of a Gafé wilhin the gallery. The remaining net bc￿ value relates to assets held forcharitable activities. Included within the above is £1 12023 £11 in ￿SpeCt of the long leasehold land and buildings attributable to the groups subsidiary company. 28

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 14 Investments Listed Inve5tmÈnts Valuation 1 April 2023 Purchases 603,812 87,497 171,0291 65,746 15,0151 Dlswsals Unreallsed galn$ Other Inve8tment mov8m&nts Valuation 31 March 2024 681,011 The Charity Investments balanGe a150 InGludes £2 of share fjapitsl in the Trading Subsidiary, OozelLs Trading Litnite(I (Charity Investment balance £881.01312023 £603.81411 Inve81ments arè compri88d of the following". 2024 2023 457,725 136,099 53.024 34.163 420,616 79,388 65,140 38.668 Fixed interest Ahemative investments Cash 681,011 803,812 C08131 March 2024 528,997 507,180 Individual holdings at 31 March 2024 in 8XCe88 of 5.fi of the portfolio valué includé.. Findlay Park Funds PLC £53,97812023'. £41,460) and HSBC ETFS £83,94312023'. £86,518). Financial Activitie5 of the Trading Subsidiary The financial Èctivities shown in the consolidated ststemÈnt of financial adivities intludÈs Ihc&se trf the tharity's wholly owned 8ubsidiary, Oozells Trading Limited IR8gister8d Company Numb&r 030950211. A summary of the financial acliviti&s undertakén by th& sub81diary 18 881 out b&low'. 2024 2023 Tutnover 6.125 14,0301 2,095 13.9341 13.757 117,8911 13,9341 Adminislralive Éxpensés OpÈraling profiullossl Retained earnings broughtfowrd Retained earnings by the subsidiary 11.8391 13.9341 Net liabilities al 31 March 2024 11.8371 13.9321 29

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 15 Debtors Group 2024 Group 2023 Company 2024 Company 2023 Trade debtors 47.366 27,853 46.615 7.702 408 188.338 6.935 27.853 4.189 239 398.347 AtllDunls owed by group undertaklngs Other debtors 408 189.033 7.032 239 398,347 2,851 Prepaytnents and accrued incotne Other tax and S￿al security 243.839 429,293 249.998 430.628 16 Cr8dltors.' amounts falllng duo wlthln one year Group 2024 Group 2023 Company 2024 Company 2023 Trade creditors Other tax 8nd smal security Accruals 8nd deferred income Other Creditor5 21.527 14.820 379,456 37,120 48,626 27,987 244,240 21.527 14.820 377,531 37,120 46.706 25.535 242,840 452,923 320,833 450,998 314.881 Included wilhin oth8r tax and social security are £8,829 12023 conlribulions. £8,T111 of oulslanding d&fined contribution p8nsion 17 Deferred Income Group and Company Under 1 Over 1 year Total year Al 1 April 2023 Addition5 during Ihe year Atnounts released to incorne 181,068 289,303 1178,8931 181,068 299,303 1178,8931 Al 31 March 2024 291,478 291,478 Incotne has been deferred as it relates to funds received for pr(4ects and exhibitions occurring in forthcoming financial years. 30

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 18 Fund reconciliation Group and Company- 2024 Unrestricted funds Ba13nce 3t 1 April 2023 Gain5 1 Ilossesl Balance at 31 March 2024 Incorne Expenditure Transfers General 730,498 50.000 1.271.046 11.218.0091 1240,8011 10.000 542,734 60.000 Resetve Ikon 50 Fund 500.000 15,910 14,4571 177,1WI 308.000 ,746 500.000 308,000 Winding up reseNe 12BO,498 1.286.956 1.222.466 65.746 1,410,734 Restricted funds BalancÈ al 1 April 2023 Gain8 1 IlossÈsl Balance at 31 March 2024 Income Expenditure Transfets Development Fun(1 3,011,115 1120.3001 2,890,815 Restricted Grants 23.615 458.510 1359.OYI 123,091 ACE Capitsl Grant 122,983 171.2851 51,698 ACE Cuhure Recovery Fund 2 61.243 127.1981 34,045 ACE Transform 1 31.425 131.4251 ACE Transform 2 40,555 117,0951 23,460 3,218,956 530,490 626.337 3,123,109 The general unrestricted fund8 balance for the group includes the defi￿1 funds of Oozells Trading Limited of £1.839. 31

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 16 Fund reconciliation Icontinuedl Group and Company- 2023 Unrestricted funds BalanGe at 1 April 2022 Gains I (Ios5esl Balance at 31 March 2023 InGome Expenditure Transfer5 General 788,839 50,000 500,000 1.868.116 11.814.631) 730,498 50,000 500,000 ReseNe Ikon 50 Fund 15.101 14.3011 22,909 133.7091 1,338,839 1,883,217 1,818,932 88,917 33,709 1,280,498 Restricted funds Balance at 1 April 2022 Gains I Ilossesl Balance at 31 March 2023 Incotne Expenditure Transfers Development Fund 3.131,415 1120,3WI 3,011,115 Reslrided Gratits 259.727 1224,4451 111.6671 23.615 ACE Capital Grant 215,961 12.143 122.983 ACE CuhurÈ Recovery Fund 2 127,1981 88.441 61.243 3 347 376 259.727 477, 88.917 3.218,956 Fund descriptions al Unr&slricl&d funds General Funds used for the piirsuil of the d)aritabl8 company's principal activili8s. R688rv8 Funds s8t asid8 to cDv8r th8 dev8kpm8nl of new work and supwrt of artists. Winding up reserve Funds sel aside to CDV8r potential liabiliti&s of N*inding up the company lif required). Iktsn 50 Fund The charity held a charity art auction ai Sotheby's, London on 2 July 2016 as part of its 50th anniversary year celebrations. Various artists who had exhibited at Ikon in the past don4ted a WOTk of their own art to Ikon for sale al the auction. The net sale procÈeds from thÈ auction amounted lo £500.000. Ikon has dÈsignatÉd the procÈÈds as an unrestricted fund known as the"Ikon50 Fund" Unless ahered in the fLrture by the Iruslees, the p￿r￿se of the fund is to provide financial SUPPDrt to an Hgreed level of funding each year. wherever possible. for an exhibition at Ikon of works by a developing. young or less well-known artist or artlsts, orfor 80me 84uival8nt form of prol8cl or actlvlty. The withdrawal of funds must be approved by a majority of the 802rd of Trustees. It cannot bè solely an Executive decision. Transfers Tran8f8rs made in the y8ar lo reflect d8sign8tions mad? by the Board of Tru8t8es, including the newly 8Stabli8h8d Windi p res8rv8 Mted above. 32

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 18 Fund reconclllatlon Icontlnuedl bl Restricted fun(Is Development Fund this fund was sel up as 8 restricted funLI using grants received from the National Lottery Fund, European Region31 Developrnenl Fund, Foundation for Sports 3nd the Arts, Argent plc. and other don3tions for the purpose of refurbishing Oozells Street School as a sile for Ikon Gallery. Thi5 fund is being charged Mlh depreciation at the same rate as the expected useful lrfe of the fixed assets relating to the development. Restricted granls thi5 is gr3nt inwme received during the year relating to specrfic exhibition5 or projects and the funds expended on these activities ACE Capital Grant- this 15 grant funding provided by Arts CounGil England to fund Gapital investment in the Gallery. The fund is represente(I by £51.69812023.. £122.9831 of fixed assets. ACE Culture Recovery Fund 2 this is funding frotn HM Govemtnent. provided via Arts Council England lo support Covid Recovery. This fund is represent￿ by £34,045 (2023." £61,243) of fixed assets. ACE Transfortn 1 this is grant funding provided by Arts Council England to fund investment in Olher income streams to reduce the ￿lIan￿ on Arts Council England. ACE Transform 2 this is grant funding provided by Arts Council England to fund invÈsimÈnt in other incomÈ streams lo reduce the reliancÈ on Arts Council England. This fund is represÈnted by £22,403 of fixed as$Èls purchased in thÈ current year and £1,057 of unsp&nt C8sh balanc&8. 19 Analys18 of not a88ets b8tW88n funds- 2024 Unrestrict Restricted funds funds Total Fixed assets 13,446 681,011 898.247 1181,9701 2,998,958 3,012,404 681,011 1,022,398 1181,9701 Inveslm8nts Cash 124,151 Other turont assets I liabililiÈs Total 1.410,734 3,123,109 4,533,843 Analysis of net assets between funds- 2023 Unr&8tricted funds R&stricled funds Total Fixed assets 7,287 603,812 498,773 170,626 3,195,341 3,202,628 603,812 522,388 170,626 Invesltnents Cash 23,615 Other current assets I liabilities Tol81 1,280,498 3,218,956 4,499,454 33

Docusign Envelope ID.. A66D9DB2-1EB54143-A822-ACD5A8C4489A Ikon Gallery Llmlted Notes to the Financial Stalements Year Ended 31 March 2024 20 Reconclllatlon of net Income to n8t cash flow from operatlng actlvltles 2024 2023 Net income I (expenditu￿} for year 34,389 1186,7611 Interest receivable Dividends receivable Depreclauon and Impalmient of tanglble fixed assèts D8creas8 in 8tock Decre8se I lincreasel in debtor8 Decrease I lincreasel in v8lue of investment Increase I (d￿rease) in creditor5 117.3431 115,9101 227,168 35,052 185,454 160.7301 132.088 12,5221 257,020 5,5 1125,6201 5.870 1177,9161 N8t cash Inflow I louffiowl from op8r81ing adivitl8S 520,168 1239.4761 Analysis of changes in net cash At start of year Cashflows At end of year Cash 522,388 5W,010 1.022.398 21 P8n8lons and other pOst￿etIrement beneflts al D8fin8d conlribulion p&nsion plan8 The ch8rily operalas 8 Llefined contribution p8nsion plan ils empby8es. The amount r8cognised 85 an expense in the pariod was £24,99112023- £27,087). The defined contribution liabilty is allocated to unre8tricled funds and split across the variou8 aclpirtie8 in accordance with the 8peclive 81aff sllocalions. Lease commitments As at 31 March 2024 the company had future comrnitments under non-cance11able operating leases as follows.. 2024 2023 Expiry date Within 1 year 2-5years 1.657 1.658 1.657 23 Financial commitments Ther8 weTr no 12023 - £Nill Gomtnitments for the acquisition of tangible fixed assets conlrac18d for but not provided in the financial sla18m8nts. Relatsd party transactlons At 31 March 2024 the charity was owed £7.70212023.. £4,189) from its 8ubsidi8ry Oozells Tradiro Limited. Th8 rrrt)v8m8nl P￿SentS nel c88h movements in the year.