VISUAL ARTS PLYMOUTH C.I.C.

Company limited by guarantee

Company Registration Number:
11779565 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

VISUAL ARTS PLYMOUTH C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

VISUAL ARTS PLYMOUTH C.I.C.

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Mr Rhys Morgan
Ms Ellen Sims
Miss Gabrielle Marcellus-Temple
Miss Louise Rabey


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 October 2024

And signed on behalf of the board by:
Name: Mr Rhys Morgan
Status: Director

VISUAL ARTS PLYMOUTH C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 3,613 5,130
Total current assets: 3,613 5,130
Creditors: amounts falling due within one year: 3 ( 3,360 ) ( 4,875 )
Net current assets (liabilities): 253 255
Total assets less current liabilities: 253 255
Total net assets (liabilities): 253 255
Members' funds
Profit and loss account: 253 255
Total members' funds: 253 255

The notes form part of these financial statements

VISUAL ARTS PLYMOUTH C.I.C.

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 20 October 2024
and signed on behalf of the board by:

Name: Mr Rhys Morgan
Status: Director

The notes form part of these financial statements

VISUAL ARTS PLYMOUTH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VISUAL ARTS PLYMOUTH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

VISUAL ARTS PLYMOUTH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 3,000 4,575
Accruals and deferred income 360 300
Total 3,360 4,875

COMMUNITY INTEREST ANNUAL REPORT

VISUAL ARTS PLYMOUTH C.I.C.

Company Number: 11779565 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

At the very core of VAP CIC activity is supporting communities to become creative and the sustainability of creative practitioners within these communities. In the beginning, ACE funding helped us contribute to this by enabling us to create extra opportunities to support community activity and artists at a time when it was incredibly difficult. For instance, we were able to create extra seed funding for artists to deliver their proposed projects, pay for performers to contribute to these seed funded events and pay for artists time to contribute. This meant that all the projects proposed benefitted and nearly all of them were able to deliver their projects to some level. The previous main activity of Visual Arts Plymouth was the Plymouth Art Weekender (PAW), an annual city-wide visual arts festival which last took place from the 25th to 27th September 2020 was the sixth iteration of this celebration of arts and culture in the city. PAW which will next take place 18th to 20th October 2024, and will be the seventh iteration In 2021 to 2022 residual ACE funding and additional funding from Plymouth Octopus Project was used to hold a series of consultation meetings to strategize the future of Visual Arts Plymouth CIC structure and programs. 2022 to 23 has been a fallow period. The four key outcomes for PAW: 1. More opportunities for artists to develop, work, live & thrive in Plymouth. 2. Greater awareness & a celebration of the value of visual arts in the city & beyond. 3. A better-connected visual arts sector locally, nationally & internationally. 4. Increased engagement with a more inclusive, diverse & accessible visual arts environment. 2022-23 was a year of consolidation and consultation, resulting in the planned event in October 2024. Opportunities offered were: 1. Network development 2. Technical skills and experience: using recording equipment, transcribing 3. Transferable and soft skills, including confidence, interviewing skills, confidentiality and privacy, data protection, leadership skills, communication and time management. Our plan for 2024 is to collaborate with other institutions and organisations to provide more opportunities for Plymouth based artists to create funded projects and expand our programme of community engagement to encompass more audiences from a wider selection of the city. Discussions are also taking place regarding the rationalisation and possible restructuring encompassing other cultural entities for a more streamlined and efficient management and delivery.

Consultation with stakeholders

The company’s stakeholders are our funding partners (Plymouth City Council and Plymouth Culture, Karst Gallery, NUDGE Community Builders, Plymouth Octopus Project and The Theatre Royal Plymouth) and the artists and art workers and wider community audiences of Plymouth. Post-PAW20 the stakeholders were contacted individually and questioned about what they thought was successful and what they would like to see happening as part of future PAWs and further programmes throughout the year, and importantly what support could be expected for VAP CIC in kind and financially. These consultations are ongoing. Many new partnerships include the Universities in Plymouth, the City Centre Company, British Land and National Gallery London. VAP CIC was active in the development of the new Culture Plan for Plymouth led by Plymouth Culture, and are in ongoing consultation in 2023-24 to identify where VAP CIC can support the realisation of the plan, and be supported in turn. VAP CIC are active network members of Visual Arts South West (VASW) and Contemporary Arts Membership Partners (CAMP). VAP Directors and artists were actively involved in planning and events connected with the British Art Show 9, which took place. The festival was made more accessible through virtual events. This will be continued/expanded even if we can do more face to face in the future. Communication with stakeholders continues and planning is for a biennial model for PAW. Alternating with a wider arts festival to include words, music and performance.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 October 2024

And signed on behalf of the board by:
Name: Mr Rhys Morgan
Status: Director