Invisible Dust Limited,Ltd - AccountsChartiy- Accounts
Invisible Dust Limited,Ltd - AccountsChartiy- Accounts
| (England and Wales) |
| Company number: 07403737 |
| Charity number: 1171156 |
For the year ended 31 March 2020
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 March 2020
Invisible Dust Limited
Contents Page
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Report of the Trustees
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Independent Examiner's Report to the Trustees
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Statement of Financial Activities
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Statement of Financial Position
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Notes to the Financial Statements
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For the year ended 31 March 2020
Invisible Dust Limited
Report of the Trustees
| The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the |
| financial statements for the charitable company for the year ended 31 March 2020. The Trustees have adopted the |
| provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing |
| their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS |
| 102) (effective 1 January 2019). |
Chair's report
| This has been a year of change and challenge for Invisible Dust. But also, of new opportunities. |
| We have achieved a great deal. We delivered an ambitious artistic programme in Yorkshire, Scotland, and London. We |
| engaged with local communities through workshops and creative activities. We worked with a range of diverse artists. Our |
| collaborations have been varied. From the National Maritime Museum, to the Scottish Association of Marine Sciences. |
| We have had high profile moments. Our Artistic Director, Alice Sharp spoke at DAVOS World Economic Forum. We curated |
| the Russian Artist, Evgenia Arbugaeva, who then went on to photograph Greta Thunberg for the now iconic Time person of |
| the Year Cover. |
| And we have had quieter moments. We worked with children and young people in Scarborough, exploring how we use our |
| senses to engage with the natural environment. And created a new film in collaboration with coastal communities across the |
| Isle of Arran and Wester Ross region. |
| All this to help more people unearth their own relationship with the environment, and what action can be for them. |
| Despite our achievements, this has not been an easy year. There have been significant challenges - financial and structural. |
| The artistic programme has continuously expanded since 2016. Projects and partnerships becoming more complex. A larger |
| number of funders and expanded staff team. We did not have the structure, the systems, or the space for reflection in place |
| to adapt smoothly to this growth. Our work and our relationships suffered as a result. |
| But we have responded. The Trustees and the Director re-examined Invisible Dust's structure and strategy. At the end of |
| 2019, the Board took the decision to appoint an Executive Director to co-lead the organisation alongside Alice Sharp. In |
| January 2020 we appointed Adam Cooper in that post. We also recruited a new Finance Manager, Jean Appleyard, and |
| Treasurer, Heather Kershaw. |
| In January 2020 Invisible Dust embarked on a major programme of organisational development. We recognised that we |
| needed to redefine how we work. That this would enable us to grow a programme working on local, national, and |
| international levels. That we could be a place where our team, partners, and stakeholders can find energy and joy in |
| responding to the climate crisis. |
| Then, in March 2020, the UK Covid-19 lockdown. We have been hugely fortunate. Due to our funding model we were not |
| reliant upon footfall to generate income. We have not taken this fortune for granted. |
| We have asked ourselves - what is our role now, in this moment? We have transitioned to a “digital first” programme. We are |
| seizing this historic moment to collectively explore what is shaping how we think about the planet's future. |
| We are in a stronger position than ever to face the global challenges ahead. We will help create powerful, positive emotional |
| connections to our environment, and to climate action. We will be at our most ambitious and optimistic. |
| We are excited for what comes next, and hope that you will join us in that excitement and in the work ahead. |
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OBJECTIVES AND ACTIVITIES
Objectives and aims
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| ACHIEVEMENTS AND PERFORMANCE |
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| Nii Obodai - 'Of Natural Magic'. Ghanaian artist and photographer Nii Obodai was inspired by the waterways of the East Riding of Yorkshire for this residency. During his residency he explored the way people have interacted with, exploited, controlled, or lived alongside water. He presented his photographs of Top Hill Low, Gypsey Race and Spurn Point taken with a Deardorff camera and produced with natural methods; salt, silver nitrate and beeswax at Beverley Art Gallery. Estabrak - 'Sea; the remains between'. Estabrak worked with local groups, marine history societies and the 'Welcome to English' refugee group alongside Jeanette Rotchell, Professor of Aquatic Toxicology at the University of Hull. She hosted workshops for the communities with scientific demonstrations and talks. They took part in participatory storytelling, music, and dance workshops. Her exhibition highlighted the impact of humans on our waters, informed by current research into contamination caused by pharmaceuticals, plastics, and other toxic chemicals. Credit: 'Surroundings' is funded by Ambitions for Excellence from Arts Council England and Sustaining Excellence from the Wellcome Trust. ECOde: 17th June 2018 - 28th July 2019, ScarboroughYoung people from three secondary schools attended digital workshops as part of an after school coding club at Scarborough Library. Working with sound artist Rob Mackay, ECOde participants captured sounds of the sea, bird song in parks and underwater noises using special hydrophones. Once the sounds were collected the young people used computers to create their own individual Scarborough soundscapes. The soundscapes were uploaded on to Google Maps to make a sound map of the area. Credit: a collaboration between Invisible Dust and North Yorkshire Library and Information Service North Yorkshire County Council and funded by the New Opportunities fund. Future Fossils: 14th - 15th September 2019, Rotunda, Scarborough MuseumFuture Fossils was an immersive adventure for families at the Rotunda, Scarborough. It was created by Year 4 children from St. Peter's R.C Primary School in collaboration with Crescent Arts artists Janet White and Charlotte Salt, and theatre-maker Toby Peach. Families were invited to join a squad of ground-breaking geologists, the Future Fossils Federation, to investigate how to protect the future environment of Scarborough. Credit: 'Strata and Future Fossils' Curated by Invisible Dust for Scarborough Museums Trust and funded by Arts Council England. Plans for the Future If not now, then when? We asked ourselves this question in spring 2020 as Covid-19 transformed the world. There are many parallels between the Covid-19 pandemic and the climate crisis. The two are driven by the same global systems. Both predictable - predicted even. They are human driven and avoidable. And felt disproportionately across lines of inequality. Covid-19 is another wake-up call. Perhaps the most profound global human event in recorded history. It is an opportunity for a change of course and it is our responsibility to take that opportunity. It is time for Invisible Dust to be as ambitious and optimistic as we possibly can. To help artists and scientists influence behaviour and system change in response to the climate crisis. We have adapted and redesigned our programme and our long-term strategy. We are excited to introduce our plans to you and look forward to seeing you engaging with them. Because if not now, then when? Let us make the invisible visible. Programme Plans The lockdown period saw many of our audiences with more time spent at home. More people are focusing on their locality, |
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| their gardens, and their connection to nature. There are energised calls for a green new deal, and a focus on domestic tourism. There is a huge growth in digital, home working and leisure time. There is an increased openness to working together across the world. We can see an increased awareness that climate change is taking place and is affecting everyone. Our response to this new landscape has been through the three lenses of local, national, and international. We are planning deeply rooted community interventions; nationally significant exhibitions; and international digital conversations. Locally in North Yorkshire: 'Wild Eye' 2021Did you know that the North Yorkshire coast is a prime location for coming eye to eye with animals including porpoises, humpback whales and basking sharks? Imagine the coming together of world-leading artists and conservation scientists, working with local communities to create a series of unique nature observation sites. Yorkshire Wildlife Trust and Invisible Dust are coming together to create 'Wild Eye': a trail of sites from Whitby to Scarborough that combines world-class sculpture and nature observation opportunities. 'Wild Eye' will be far more than just the sites themselves. It is a long-term vision for local communities and infrastructure with deep connections to nature. 'Wild Eye' will foster understanding of local nature and the effects of climate change on these amazing animals and their habitats. It will create a new kind of culture/nature tourism in North Yorkshire during a time when domestic tourism will be essential to post-Covid-19 recovery. It will provide a model that can be replicated across the world. Nationally in the UK 'Unnatural History' with the Herbert Art Gallery and Museum for Coventry City of Culture 2021Artists have been integral to scientific discovery in natural history since its beginning. They have contributed to society's understanding of how nature is changing and our role in its protection. Their drawings and observations have enabled us to learn about plants and animals long before advancements of microscopes, evolving later to incorporate revolutionary technologies such as photography, Virtual Reality and AI. 'Unnatural History' will be an exhibition curated by Invisible Dust at the Herbert Art Gallery and Museum as part of Coventry City of Culture 2021.The exhibition will explore the role of natural history collections in communicating and responding to the climate crisis. It will include a blend of historical loaned works alongside exciting new commissions. 'Unnatural History' will be a major opening exhibition at the first post-Covid-19 City of Culture. It will help set the tone for culture's role in exploring and making sense of our new world. Internationally 'Festival UK* 2022'Invisible Dust convened a cross-disciplinary team which tendered to take part in Festival UK* 2022's Research and Development (R&D) process. In November 2020 we were selected as one of 30 teams from across the UK. The R&D process is designed “to originate ideas for compelling, ambitious and jaw-dropping public engagement acts.” (Festival UK* 2022). After the R&D process Festival UK* 2022 will select 10 out of the 30 for a project with a budget of £4m-£10m, aiming to reach 66 million people worldwide. |
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| Invisible Dust's team:Alice Sharp, Adam Cooper and Ed McGovern from Invisible Dust lead a team with Meral Ece Tankal and Carmen Aguilar y Wedge from arts-technology collective Hyphen-Labs, the designer and design strategist Gyorgyi Galik, co-founder of ASCUS Art & Science, James Howie, scientists from The Tyndall Centre for Climate Change Research and the Scottish Association for Marine Sciences. This is an extract from the Invisible Dust team's successful R&D process application: "We want to ensure that Festival UK* 2022 includes a concept deeply rooted in the UK's positive response to the climate crisis.The Festival is a unique opportunity to show how we can meet humanity's greatest challenge. Science and technology on their own will not save us. It is the combination with the arts that reaches hearts and minds. Ambitious collaborations across traditional boundaries can help large numbers of people make personal connections with their environment. Together we can drive a positive and optimistic sustainable future for the whole of the UK in the current Covid context." Regardless of whether our team is carried forward to the final festival programme, this is an opportunity to effect system and behaviour change. We will work to influence the concept development of wider teams. We will work to influence the festival programme. And we will look to deliver our final concept within or without the festival. 'Forecast'What is shaping how you think about the planet's future? We stand at a unique moment. There is a collective global will to reimagine our future. Through digital innovation it is possible - for the first time - to engage people from all walks of life in this collective reimagining. Across borders, language, and culture. To explore what is shaping how we think about the planet's future. 'Forecast' is an international programme exploring this question. It is a new multi-year programme of talks, workshops, and commissions. It will bring together artists, scientists, thinkers and influencers from around the world to better understand what shapes our ideas of the future of the planet. To launch 'Forecast' we will ask 40 leading artists, scientists and other thinkers and influencers to answer the question "What is shaping how you think about the planet's future?" Their published responses will be the starting point for a public conversation about our ideas and hopes of the future. 'Forecast' will create a diverse, international, and inclusive space where some of the prevailing ideas about the climate crisis can be explored and challenged. Taking an actively international and initially digital approach, 'Forecast' will create original artworks, feature open and challenging discussions that amplify diverse voices from around the world, showcase performances and forge new working relationships and partnerships. 'Forecast' will be a powerful platform for global conversation. The visions of leading thinkers will stand alongside those of indigenous peoples. From the Russian Arctic to Kenya, China to New Zealand, this will be a programme that reflects the diversity of global thought about our future. Financial Plans Invisible Dust is growing. The climate crisis is increasingly on the mind of the public, policymakers and institutions. As such, there are more opportunities for Invisible Dust to create new partnerships and access new sources of funding. There is increased interest from individual philanthropists in supporting our work, as well as potential corporate partners. National and international Trusts and Foundations have welcomed proposals from us for funding. We are in the process of soliciting investment from two significant government funded programmes - £3.8m funding towards 'Wild Eye' from the "Town Deal" initiative (in partnership with Yorkshire Wildlife Trust), and leading a team in bidding for £4m-£10m from Festival UK* 2022.We expect Invisible Dust to exceed £800,000 expenditure in 2020-21, and then £1.2m in 2021-22. We have put in place procedures to monitor the financial complexity of our operations. We have identified factors which |
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| would trigger increased investment in core office support and systems. We have agreed to invest a target of 70% of our expenditure on programming activities, thereby focussing on delivering our charitable objectives. By increasing our reserves funding, diversifying our funding portfolio, and increasing our size, Invisible Dust will be in a position to undertake far longer-term programme planning. |
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Achievements against objectives
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| April 2019. The tour was organised with partners Lux Scotland and Regional Screen and included screenings in the Regional Screen's amazing converted cinema lorry in the Outer Hebrides alongside screenings at Timespan in Helmsdale and at Dundee Contemporary. Alongside the screenings there were additional creative and marine scientific content co-curated by Shona Thomson for Invisible Dust with each partner venue providing local context; interactive community ceilidhs and connected archive films. We commissioned an outreach project by community heritage organisation Local Voices who recorded local peoples opinions about the MPAs throughout the tour. This interconnected project network formed a 'chain' conversation across Scotland as all Shore participants and audiences were invited to respond to the ideas, thoughts and learning of the previous tour location. Encounters, July 2018 This project explored the scientific and artistic impacts of Captain James Cook's voyage, and the shared histories of encounter between Cook and the Peoples of the Pacific. We commissioned artists Fiona Macdonald and New Zealand based Pacific Islander Ahilapalapa Rands and international best-selling author Natasha Pulley to exhibit at Whitby Library, North Yorkshire. This was part of the commemorations of the 250th anniversary of Captain James Cook's first voyage in 1768 to the Pacific on the Whitby-built ship, Endeavour. Cook took an artist Sydney Parkinson and scientist Joseph Banks on board the ship to record and document the amazing plant and animal species they found. The resulting collection inspired the setting up of the Natural History Museum and collections throughout the world. The trip's colonial legacy was explored by Ahilapalapa Rands who created a video of the effects still felt by Pacific islanders, she created a permanent book collection of Pacific stories in the Reference Library and a video portraying the views of a Hawaiian biologist. Fiona Macdonald's 'Plant Hunting' included two local secondary schools and the Whitby Naturalists' Club. The young people learnt about the art and science of Cook and six young people took part in a journey on a Tall Ship from London to Whitby. The project was created in partnership with North Yorkshire Libraries and other contributors include the British Library, the Royal Society and North Yorkshire County Records Office. Invisible Dust ECOde, July 2018 - June 2019 ECOde aims to support children and young people to respond imaginatively to environmental issues, to start taking responsibility and to begin influencing change. The project has supported young people to develop digital skills through a coding club while inspiring them to investigate local biodiversity and understanding that human activity can affect nature in negative ways. They have worked with artist Rob Mackay developing sound works from the beach and Shauna Concannon creating digital art. It takes place at Scarborough Library with North Yorkshire Library Service and Scarborough Libraries Code Club and is funded by the Department for Education (DfE) opportunity area. Upcoming Programme 2019-2020 Surroundings Yr 2 Nii Obodai Surroundings second international artist Nii Obodai from Ghana is in residence and has been commissioned to produce photography work at the Beverley Art Gallery. His commission will connect to East Riding waterways, conservationists and link to the themes of 'biodiversity and the landscape'. His work will be exhibited at Beverley Art Gallery in September 2019. Estabrak Estabrak's photography invites us to look below the surface and consider each person on an individual level, to confront and reflect on important issues. She will draw from a previous work 'Omanis Under Water' to explore the social, political and environmental impact of human activity in Hull defined by its industrial and maritime past, and its trade routes and ties to transmigration and the British Slave trade. For Surroundings theme 'migration and climate change' she will develop photographs of individuals and groups from communities in Hull, taken in natural and human-made bodies of water in the local area. The subjects' heads will remain above the water, outside the picture frame, their identities hidden. Her exhibition will take place at Ferens Art Gallery in November 2019. |
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| Evgenia Arbugaeva <http://www.evgeniaarbugaeva.com/> National Maritime Museum Originating from Tiksi in Russia, Evgenia frequently travels back to her homeland in the Arctic to capture the varied worlds, cultures, traditions and people who inhabit it. For this residency, Evgenia will work specifically in the Museum's new Polar World gallery; collect inspiration from Russia specialists including scientists; and will explore cultural artefacts held in the Museum's archive. She will delve into stories, viewpoints and beliefs from and of the region and involve young people in activities in Spring 2020. Strata and Future Fossils, Scarborough Museums Trust 2019 marks the 250th anniversary of the birth of geologist William 'Strata' Smith (1769 - 1839), the Father of English Geology. He lived and worked in Scarborough between 1824-6. To celebrate this Invisible Dust will commission Kathy Prendergast to create new hand-coloured maps and teaching maps by female geography students from Bedford College (now Royal Holloway, University of London). As well as raising the profile of these first women students, her maps encourage the viewer to look beyond the surface and think about what maps can tell us about the wider world and the society that has produced them. They will be shown with William Smith's first geological map that he produced in 1815. Future Fossils will be an immersive family theatre experience and schools project at the Rotunda, Scarborough Museum. Part of the Yorkshire Fossil Festival with St Peter's R.C Primary School they will create in an interactive family exhibition in collaboration with Crescent Arts artists Janet White and Charlotte Salt and award-winning theatre maker Toby Peach. |
| FINANCIAL REVIEW |
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| Reserves |
Going concern
| The Directors and the Trustees have considered the impact of the Covid-19 virus on the ability of Invisible Dust to continue |
| as a going concern for a period of at least 12 months from the date of signing the accounts. Based on current forecasts the |
| Trustees have concluded that it remains appropriate to prepare these accounts on a going concern basis. |
| Our plans for future financial years are detailed under the Plans for Future Periods heading and consider further |
| opportunities to build our financial robustness. |
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| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| Invisible Dust is a charitable company limited by guarantee without share capital. It was incorporated on 12 October 2010 |
| and established under a Memorandum of Association and governed by Articles of Association dated 2 December 2016. |
| Invisible Dust became a charity on 31 December 2016. The members of the company guarantee to subscribe up to £10 in |
| the event of the charitable company winding up. |
| Invisible Dust's website address is invisibledust.com. |
| We ran a national open recruitment drive for new Trustees in mid-2020 which saw 13 applications from across the UK. We |
| have appointed 3 new Trustees to the Board. Manchester-based Feimatta Conteh, Environment Officer to Manchester |
| International Festival, Scarborough-based marine biologist Dr Magnus Johnson, and artist Kane Cunningham. |
| All Trustees are provided with an induction pack and conversations with the Executive Director and Chair. All Trustees are |
| invited to take part in our bi-monthly facilitated organisation development days where team members and Board come |
| together to discuss the future of Invisible Dust. |
| Organisation |
| Invisible Dust is governed by a Board which meets quarterly. There is one sub-committee: the Finance Committee which |
| meets quarterly. |
| Invisible Dust's management team is jointly led by an Artistic Director and an Executive Director. They are supported by a |
| Finance Manager and an Administrator. |
| Invisible Dust made the transition from a project-based company to a medium sized organisation in 2018 but gave insufficient |
| time, resources, and support to staff to manage the change and all the complexity and pressures that came with it. We have |
| learned from the past and are continuously investing in facilitated organisation development. We run an annual “OD” |
| programme, exploring five themes: our organisational culture, our role in the landscape, our community and audience, our |
| structure, and how we understand our impact. This programme includes a series of facilitated workshops and breakout |
| groups. The OD programme is action-orientated, constantly identifying and implementing positive changes. |
| We are currently undertaking a process to review the policies and procedures in place within the organisation to ensure |
| these are in line with our growth and evolving structure. |
| Risk Management and Internal Control |
| The Board of Trustees has responsibility for the oversight of risk management. The Board requires risks to be identified, |
| assessed, managed, monitored, and reported with appropriate records maintained to evidence the process. |
| Invisible Dust is currently updating its Risk Framework to include a risk management policy and define the processes to be |
| followed to ensure that risk is managed appropriately. For now, the Charity maintains a risk register - updated monthly by the |
| Directors. Risk management is an agenda item at every Board meeting, where risk ratings are updated, and mitigating |
| actions assigned and checked. |
| Statement of Responsibilities of the Trustees |
| The Trustees (who are also Directors of Invisible Dust for the purposes of company law) are responsible for preparing the |
| Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting |
| Standards (United Kingdom Generally Accepted Accounting Practice). |
| Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees |
| must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of |
| the charitable company and of its incoming resources and application of resources, including its income and expenditure, for |
| that period. In preparing these financial statements, the Trustees are required to: |
| . select suitable accounting policies and then apply them consistently. |
| . observe the methods and principles in the Charities SORP (FRS 102); |
| . make judgements and accounting estimates that are reasonable and prudent; |
| . state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material |
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| departures disclosed and explained in the financial statements; |
| . prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable |
| company will continue in business. |
| The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable |
| company's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable |
| them to ensure that the financial statements comply with the Charities Act 2011 and Companies Act 2006. They are also |
| responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention |
| and detection of fraud and other irregularities. |
| The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the |
| company's website. |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to |
| small companies. |
| Recruitment and appointment of trustees |
| REFERENCE AND ADMINISTRATIVE INFORMATION |
| Name of Charity |
| Charity registration number |
| Company registration number |
| Principal address |
| Registered address |
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| Trustees |
The trustees and officers serving during the year and since the year end were as follows:
| (Appointed: 16 January 2018) |
| (Resigned: 16 September 2019) |
| (Appointed: 10 December 2020) |
| (Appointed: 29 July 2020) |
| (Appointed: 29 July 2020) |
| (Appointed: 28 January 2020) |
| (Appointed: 04 July 2017) |
| (Resigned: 20 October 2020) |
| (Resigned: 02 October 2019) |
| (Resigned: 02 October 2019) |
| Secretary |
| Independent examiners |
Counterculture Partnership LLP
Unit NH.204, E1 Business Studios
7 Whitechapel Road
London
E1 1DU
| Bankers |
PO Box 250
Skelmersdale
WN8 6WT
| ............................................................................. |
| Approved by the Board of Trustees and signed on its behalf by |
| Catherine Thornborrow - Chair |
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For the year ended 31 March 2020
Invisible Dust Limited
Independent Examiners Report to the Trustees
| Responsibilities and basis of report |
| Independent examiners statement |
| Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in |
| section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of |
| Association of Accounting Technicians, which is one of the listed bodies. |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination |
| giving me cause to believe that in any material respect: |
| 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
| 2. the accounts do not accord with those records; or |
| 3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the |
| accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or |
| 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended |
| Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the |
| Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). |
| I have no concerns and have come across no other matters in connection with the examination to which attention should be |
| drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Andrew M Wells FMAAT
Counterculture Partnership LLP
Unit NH.204, E1 Business Studios
7 Whitechapel Road
London
E1 1DU
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For the year ended 31 March 2020
Invisible Dust Limited
Statement of Financial Activities (including Income and Expenditure Account)
| Notes |
2019
2020
| Restricted |
| funds |
| Unrestricted |
| funds |
| £ |
| £ |
| £ |
| £ |
| Income and endowments from: |
| Donations and legacies |
2
| Charitable activities |
3
| Investments |
4
| Total |
| Expenditure on: |
| Charitable activities |
(174,071 )
(203,482 )
(377,553 )
(635,262 )
5/6
| Total |
(377,553 )
(635,262 )
(203,482 )
(174,071 )
(21,556 )
(56,320 )
(29,884 )
| Net income/expenditure |
| Reconciliation of funds |
| Total funds brought forward |
97,193
40,873
29,884
10,989
| Total funds carried forward |
19,317
-
19,317
40,873
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| Registered Number : |
| As at |
Invisible Dust Limited
Statement of Financial Position
| £ |
| £ |
| Notes |
2020
2019
| Current assets |
12
Debtors
| Cash at bank and in hand |
| Creditors: amounts falling due within one year |
(68,828 )
(53,334 )
13
Net current assets
40,873
| Total assets less current liabilities |
Net assets
| The funds of the charity |
| Restricted income funds |
14
| Unrestricted income funds |
14
| Total funds |
| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: |
| Catherine Thornborrow - Chair |
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Invisible Dust Limited
Notes to the Financial Statements
| 1. Accounting Policies |
| Basis of accounting |
| Going concern |
| Funds |
| Incoming resources |
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Invisible Dust Limited
Notes to the Financial Statements Continued
| Resources expended |
| Taxation |
| Operating leases |
| Costs of operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term. |
| Irrecoverable VAT |
| Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it |
| relates. |
| 2. Income from donations and legacies |
2019
2020
| Restricted |
| funds |
| Unrestricted |
| funds |
| £ |
| £ |
| £ |
| £ |
| Grants received |
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Invisible Dust Limited
Notes to the Financial Statements Continued
| Analysis of grants received |
2020
2019
| £ |
| £ |
180,000
180,000
Arts Council England - National Portfolio
14,000
-
Calouste Gulbenkian Foundation (UK Branch)
6,990
10,485
Creative Scotland
30,000
-
Garfield Weston Foundation
15,602
180,930
Hull Culture and Leisure - Arts Council England Ambitions for Excellence
9,000
-
National Maritime Museum
15,522
23,283
North Yorkshire Coast Opportunity Area
-
38,610
North Yorkshire Library and Information Service - Arts Council England Grants for the Arts
-
5,441
Other grants
8,362
2,000
Scarborough Museums Trust
13,500
-
Scarborough Museums Trust - Arts Council England Grants for the Arts
60,623
116,078
Wellcome Foundation - Sustaining Excellence
556,827
353,599
| 3. Income from charitable activities |
2019
2020
| £ |
| £ |
| Unrestricted funds |
Artistic projects
2,398
22,113
Commercial income
| 4. Investment income |
2019
2020
| £ |
| £ |
| Unrestricted funds |
| Bank interest receivable |
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For the year ended 31 March 2020
Invisible Dust Limited
Notes to the Financial Statements Continued
| 5. Costs of charitable activities by fund type |
2019
2020
| Restricted |
| funds |
| Unrestricted |
| funds |
| £ |
| £ |
| £ |
| £ |
Direct cost
Non-programme staff
128,960
84,610
44,350
206,013
Programme staff
20,116
17,275
2,841
615
Programme costs
70,486
69,333
1,153
245,200
Marketing and PR
30,738
21,459
9,279
27,472
57,623
192,677
479,300
250,300
Support costs
Artistic projects
Management
Non-programme staff
28,930
-
28,930
42,069
Rent
16,930
3,321
13,609
32,441
Other office costs
39,150
128
39,022
47,656
Research and development
35,372
7,356
28,016
23,975
Governance costs
Accountancy fees
1,800
-
1,800
1,800
Legal fees
2,393
-
2,393
-
Cost of trustees' meetings
473
-
473
2,266
| Book keeping and |
| accountancy |
2,205
-
2,205
5,755
116,448
10,805
155,962
127,253
174,071
203,482
635,262
377,553
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24
For the year ended 31 March 2020
Invisible Dust Limited
Notes to the Financial Statements Continued
| 6. Costs of charitable activities by activity type |
2019
2020
| Support |
| costs |
| Activities |
| undertaken |
| directly |
| £ |
| £ |
| £ |
| £ |
| Support costs |
Artistic projects
1,800
1,800
-
Accountancy fees
1,800
2,393
2,393
-
Legal fees
-
473
473
-
Cost of trustees' meetings
2,266
2,205
2,205
-
| Book keeping and |
| accountancy |
5,755
157,890
28,930
128,960
Non-programme staff
248,082
20,116
-
20,116
Programme staff
615
70,486
-
70,486
Programme costs
245,200
30,738
-
30,738
Marketing and PR
27,472
16,930
16,930
-
Rent
32,441
39,150
39,150
-
Other office costs
47,656
35,372
35,372
-
Research and development
23,975
377,553
635,262
377,553
635,262
| 7. Analysis of support costs |
2019
2020
| £ |
| £ |
| Artistic projects |
Management
120,382
146,141
Governance costs
6,871
9,821
155,962
127,253
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25
For the year ended 31 March 2020
Invisible Dust Limited
Notes to the Financial Statements Continued
| 8. Net income/(expenditure) for the year |
| This is stated after charging/(crediting): |
2020
2019
| £ |
| £ |
| Accountancy fees |
1,800
1,800
| 9. Staff costs and emoluments |
| Total staff costs for the year ended 31 March 2020 were: |
2020
2019
| £ |
| £ |
| Salaries and wages |
| Social security costs |
| Pension costs |
| During the year Invisible Dust moved to a more agile staff model with a core staff team and a pool of associates as part of |
| its ongoing organisational development |
2020
2019
7
Programme
| 8 |
| 10. Trustee remuneration and related party transactions |
No trustee received any remuneration during the current or preceding year.
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26
For the year ended 31 March 2020
Invisible Dust Limited
Notes to the Financial Statements Continued
| 11. Comparative for the Statement of Financial Activities |
2019
| Restricted |
| funds |
| Unrestricted |
| funds |
| £ |
| £ |
| £ |
| Income and endowments from: |
| Donations and legacies |
556,827
376,828
179,999
| Charitable activities |
22,113
-
22,113
| Investments |
2
-
2
| Total |
578,942
376,828
202,114
| Expenditure on: |
| Charitable activities |
(207,465)
(427,797)
(635,262)
| Total |
(635,262)
(427,797)
(207,465)
(56,320)
(50,969)
(5,351)
| Net expenditure |
| Reconciliation of funds |
| Total funds brought forward |
97,193
80,853
16,340
| Total funds carried forward |
10,989
29,884
40,873
| 12. Debtors |
2020
2019
| £ |
| £ |
| Amounts due within one year: |
| Trade debtors |
| Prepayments and accrued income |
| Other debtors |
| 13. Creditors: amounts falling due within one year |
2020
2019
| £ |
| £ |
| Trade creditors |
| Accruals and deferred income |
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27
For the year ended 31 March 2020
Invisible Dust Limited
Notes to the Financial Statements Continued
| 14. Movement in funds |
| Unrestricted Funds |
| Balance at |
| 01/04/2019 |
| Incoming |
| resources |
| Outgoing |
| resources |
| Balance at |
| 31/03/2020 |
| £ |
| £ |
| £ |
| £ |
General
10,989
(174,071 )
19,317
General
10,989
(174,071 )
19,317
| Unrestricted Funds - Previous year |
| Balance at |
| 01/04/2018 |
| Incoming |
| resources |
| Outgoing |
| resources |
| Balance at |
| 31/03/2019 |
| £ |
| £ |
| £ |
| £ |
General
16,340
(207,465 )
10,989
General
16,340
(207,465 )
10,989
| Purpose of unrestricted Funds |
General
| Restricted Funds |
| Balance at |
| 01/04/2019 |
| Incoming |
| resources |
| Outgoing |
| resources |
| Balance at |
| 31/03/2020 |
| £ |
| £ |
| £ |
| £ |
Restricted funds
-
29,884
(203,482 )
29,884
(203,482 )
-
| Restricted Funds - Previous year |
| Balance at |
| 01/04/2018 |
| Incoming |
| resources |
| Outgoing |
| resources |
| Balance at |
| 31/03/2019 |
| £ |
| £ |
| £ |
| £ |
Restricted funds
29,884
80,853
(427,797 )
80,853
(427,797 )
29,884
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28
For the year ended 31 March 2020
Invisible Dust Limited
Notes to the Financial Statements Continued
| Purpose of restricted funds |
Restricted funds
Funds held for specific artistic projects
| 15. Analysis of net assets between funds |
| Net current |
| assets / |
| (liabilities) |
Net Assets
| £ |
| £ |
Unrestricted funds
General
19,317
19,317
General
Restricted funds
19,317
19,317
| Previous year |
| Net current |
| assets / |
| (liabilities) |
Net Assets
| £ |
| £ |
Unrestricted funds
General
10,989
10,989
General
Restricted funds
29,884
29,884
Restricted funds
40,873
40,873
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