for the Period Ended 31 August 2024
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
As at
| Notes | 2024 | 13 months to 31 August 2023 | |
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| Current assets | |||
| Debtors: | 3 |
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| Creditors: amounts falling due within one year: | 4 |
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| Total assets less current liabilities: |
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| Members' funds | |||
| Profit and loss account: |
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The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 August 2024
| 2024 | 13 months to 31 August 2023 | |
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for the Period Ended 31 August 2024
| 2024 | 13 months to 31 August 2023 | |
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| £ | £ | |
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for the Period Ended 31 August 2024
| 2024 | 13 months to 31 August 2023 | |
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| £ | £ | |
| Taxation and social security |
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Published FRANK Tools in June 2024: Launched the set of FRANK tools that were developed last financial year to support fair practice in the arts, fair pay and transparent collaboration: 1.FRANK Principles & Guidance: Seven core values promoting fairness and equity in the arts. 2. FRANK Fair Pay Calculator: Helps estimate appropriate artist fees based on project specifics. 3. FRANK x Canvas Art Law Pre-Contractual Review: Supports mutual understanding before contracts are signed. 4. Production Budget Template: Aids artists in outlining project costs clearly. 5. Contract Checklist: Guides artists and commissioners through key contract elements. Community engagement: 1. Held 6 focus groups to gather feedback and refine tools based on real user experiences. 2. Launched a redesigned website improving accessibility and functionality. 3. Introduced the FRANK Community, a members-only space for workshops, forums and peer support. Capacity building and consultancy: 1. Delivered consultancy for E-WERK Luckenwalde and Motherhouse Studios, supporting fair team management, budgeting and care-based practices. Sector Advocacy and Policy Influence: 1. Contributed to an 80-organisation manifesto advocating for policy change to support the UK’s visual arts sector. 2. Director Fatos Ustek participated in key events including the Art Business Conference, DACS’ 40th Anniversary Symposium and contributed to podcasts and articles on fair pay. 3. Project Manager Celina Loh contributed to a policy brief for IETM on fair pay in the arts across Europe. Knowledge Sharing: 1. Issued a bi-monthly FRANK Newsletter to share updates, resources and community stories. 2. Organised the FRANK Summit (June 2024) to launch tools and spark sectorwide conversations about equitable collaboration. 3. Planning a UK Arts Ecology Summit (happening Nov 2025) in partnership with CVAN, DACS, a-n, Artist Union England. Community Benefit: 1. FRANK’s tools and activities have improved artists' ability to advocate for fair pay, increased contract literacy and supported institutions in embedding equitable practices. 2. By promoting transparency and shared accountability, FRANK contributes to a more inclusive, sustainable, and supportive arts ecosystem in the UK. 3. Freelancers and marginalised practitioners feel more able to ask for what they need to work safely and sustainably.
Our stakeholders include over 80 artists and creative practitioners, five founding members (including Camden Art Centre and CVAN) and 24 member organisations and galleries such as Delfina Foundation, DASH and others. How stakeholders have been consulted: 1. 6 Focus Groups were held (Sep–Nov 2023) with artists, producers, and small-to-midscale institutions to explore real-life obstacles to fair pay and collaborative working. 2. We hosted a FRANK Summit (June 2024), gathering over 150 participants online and in person, offering workshops, listening space and co-creation labs focused on fair practice, budgeting and access. 3. Facilitated peer-to-peer roundtables and one-to-one feedback sessions during tool prototyping stages. 4. Carried out informal consultation and knowledge exchange with aligned organisations. 5. Collected feedback through our newsletter and website, which led to ongoing refinements of language, access, and tool usability. Action taken in response to consultation: 6. Redesigned FRANK tools to be clearer, less overwhelming and more accessible for neurodivergent artists and those with access needs. 7. Simplifying the FRANK x CAL Pre-Contractual Review to reduce emotional labour and ensure it's usable even with tight timelines. 8. Developed a Production Budget Template in direct response to members asking for support on it
£4,000 was paid during the year in relation to cost of services provided by the directors.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 May 2025
And signed on behalf of the board by:
Name: Fatos Ustek
Status: Director