Principal activities of the company

Art360 FOUNDATION (A Company Limited by Guarantee) TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006 present their report with the unaudited financial statements of the charity for the year ended 31 December 2024. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 Charities SORP) published on 16 January 2014. Objectives and Activities a. Policies and objectives The charitable objectives as set out in Art360 Foundation’s governing document are: 1.To promote the visual arts for the public benefit by the establishment and maintenance of an online resource in the form of a digital archive of work of artistic merit to improve and promote the public’s appreciation of and access to the visual arts and by the provision of exhibitions, workshops and events designed to advance the public’s understanding and appreciation of and access to the visual arts. 2.To relieve financial hardship among artists living or working in the United Kingdom by making grants of money for providing or paying for items, services or facilities. b. Strategies for achieving objectives Our strategies to achieve our objectives outlined above have focused on a project called ‘Art360’, which has encompassed specific work in the following areas: -Legacy planning and digital archiving initiatives -Education activities and research projects -Small scale but transformative funding for artists -Debates, symposia, exhibitions and publications aimed at developing public discourse on the value of artists to society c. Activities for achieving objectives The Board of Directors is satisfied with the activities of Art360 Foundation during this period of accounts. Art360 Foundation has worked effectively with its partners and funders to conclude its programme of activities. d. Main activities undertaken to further the charity's purposes for the public benefit The Trustees have complied with their duty to have due regard to the guidance on public benefit by the Charity Commission including the guidance 'Public Benefit: Running a Charity (PB2)' in exercising their powers and duties. The main activities undertaken to further the charity’s purposes for the public benefit are activities dedicated to the physical and intellectual preservation of the UK’s cultural heritage, making artists’ works and archives accessible for present and future generations. The Foundation champions a new and encompassing perspective on the value of visual art and artists to society through public participation in education, exhibitions, publications and research opportunities. Achievements and performance a. Key financial performance indicators During 2024 the Foundation‘s total income was £29,192 of which £27,562 was a donation in kind from DACS (2023: £141,022 of which £61,653 was a donation in kind from DACS). Total expenditure for the year was £42,201 (2023: £146,459), out of which 94 % (2023: 99%) represents expenditure towards charitable activities and 6 % governance costs (2023: 1%) (accounting cost, see note 4). b. Review of activities Due to the financial status of the Foundation and the challenging external environment in relation to raising funds, the Trustees have determined that the Foundation will not be able to continue in operation for more than a year and consequently these accounts have not been prepared on the going concern basis Art360 Foundation has been focussed on completing existing projects in 2024 as it winds down its activities. In 2023 the Foundation received funding from the Arts Council UK for a new project called Recollect that will provide ten artists with bursaries to assist them with the archival of their work. In 2024 it was agreed with the Arts Council that this project and associated funds, be transferred to DACS who will complete it. On dissolution, any net assets after the charity’s debts and liabilities have been paid, will be distributed in accordance with Clause 6 of Art360 Articles of Association to a charity with for purposes similar to the Objects or to a charity for particular purposes that fall under the Objects. Each recipient to our bespoke archival programme, receives practical support and consultation towards archiving and legacy planning, which takes place over a 12-month period with flexibility around activities and timeframes. The types of practical support we offer include: -Inventory-building -Cataloguing -Database creation and implementation -Analogue, film and video digitisation -Production of a documentary film on the studio and archive (essential) -Legal consultation (essential) More information about the activities of Art360 Foundation can be found at: www.art360foundation.org.uk Structure, governance and management a. Constitution Art360 Foundation was incorporated under its original name of DACS Foundation as a private company limited by guarantee with company number 9010886 on 25 April 2014. Art360 Foundation’s governing documents are its Memorandum and Articles of Association dated 22 April 2014 as amended by a special resolution dated 29 October 2014 and as further amended by a special resolution dated 12 August 2015. DACS Foundation changed its name to Art360 Foundation by special resolution on 12th October 2017. Art360 Foundation is a registered charity with charity number 1163625. The charitable activities of Art360 Foundation are set out in the section entitled ‘objectives and activities’ above. Art360 Foundation was set up by DACS in 2014 and DACS remains the sole member of the Foundation. DACS supports the Art360 Foundation through the in-kind use of its office space and staffing which is calculated at a value of £27,562 (2023: £61,654). DACS acts as one of the partners for the Art360 joint Project. DACS is also managing the grant received from Arts Council England for the Art360 Project, which was awarded to DACS before the Foundation was established. Art360 Foundation Trustees are committed to ensuring that day to day management of Art360 Foundation remains independent from DACS. b. Method of appointment or election of Trustees Art360 Foundation is led by a Board of Trustees which meets bi-annually. The Foundation recruits new Board members depending on the skills, experience and knowledge that the Board needs to achieve its objectives. The appointment of Trustees may be made by the members at the Annual General Meeting or, alternatively, by the Trustees themselves, provided that 14 days prior notice of any appointment to be made by is given to the members of Art360 Foundation. At present, the Design and Artists Copyright Society (company number 01780482), is the sole member of Art360 Foundation. c. Policies adopted for the induction and training of Trustees When new Trustees are appointed, Art360 Foundation provides an induction to ensure they understand the role of being a Trustee under charity law and being a Director under company law. Trustees are provided with an overview of the Foundation’s objectives, mission and strategies to achieve its charitable aims. d. Risk management The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Funds held as custodian Neither the charity nor its Trustees are acting as custodian Trustees. Members' liability The Members of the company guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. This report was approved by the Trustees on 08/09/2025 and signed on their behalf by: Mr K McGuinness, Chairperson

This report was approved by the board of directors on 8 September 2025
and signed on behalf of the board by:

Name: Keir McGuinness
Status: Director