Igloo Artists Limited - Accounts

IGLOO ARTISTS LTD - Company Information

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Registered number

06014730

Charity number

1124325

Igloo Artists Limited

Report and Accounts

30 November 2014

Igloo Artists Limited
Registered number:			06014730
Trustees' Report


Introduction
The trustees are pleased to present their annual report together with consolidated financial statements of the charity for the year ending November 2014 which are also prepared to meet the requirements for the directors report and account for the Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, The memorandum and Articles of Associations and the Statement of Recommended Practice - Accounting and Reporting by Charities ( SORP 2005).

Chair's report
I am really excited to present the Chair's report this year, we have had over 10 exhibitions worldwide, including two works which are touring internationally. The big news is that the MAN A project launched at the start of the year as part of Selfridges Festival of Imagination. This long running print exhibition on Oxford Street, London has been seen by over 570,000 people. The project has proved popular with audiences and curators alike, and has been commissioned for several different editions- each one an exploration of new performance space.
The artists have also been developing a series of artworks with immersive technology that have allowed them to envelop viewers in the landscapes they create, providing unique and sometimes overwhelming experiences for each visitor. Working with Virtual Reality systems they have continued to develop their enquiry into computer graphic visualisa-tion and the moving image, examining more closely interactive experience, audience behaviour and movement perception. Two new immersive works, have been premiered - In Search of Abandoned an immersive environment based on 'Abandoned' a non-place 'discovered' in the Arctic Circle on Google maps during Martelli's 2010 residency in Sval-bard. Building computer-generated worlds using height-map data & game engine technology the resulting 3D stereo-scopic experience fused an imagined view of place & an experienced one.
White Island is an immersive Virtual Reality piece created for the Oculus Rift. Re-imagining doomed explorer S A Andrée's polar balloon expedition in 1897, the installation allows visitors to soar over a virtual version of Kvitøya ( White Island ) in the Svalbard archipelago in the Arctic Ocean. In addition papers, presentations and keynote addresses have been given at conferences and symposia and we have featured in six publications. We hope to move forward into the next year with the momentum we have gained. As always we would like to thank all our audiences, supporters, collaborators, curators, interns & invigilators for their continuing support in making our work possible. To find out more, visit our website: www.gibsonmartelli.com

Objectives and Activities of the Charity
Our purposes and activities: The purpose of the charity is to further the advancement of the arts, and education in the arts in particular but not exclusively by: (i) providing workshops in the visual, media and performing arts for the benefit of the general public (ii) improving the quality of life of children and young people with physical and mental disabilities through the design and production of sensory environments and material; and (iii) producing, presenting and distributing new artworks.
Review of achievements and performance of the Charity during the year In order to fulfil our purpose the artists carried out a number of activities including: Exhibitions & installations: SwanQuake: House touring worldwide with the Barbican Gallery as part of the Watch Me Move: the Animation Show. The tour has included two shows in the USA, DIA (Detroit Institute for Arts) in Michigan USA and another 4 month run at the Frist Center for Visual Art Nashville Tennessee, USA. 6 Oct 2013 - 5 Jan 2014 DIA 6 Jun - 1 Sept 2014 Frist Center The exhibition aims to demonstrate the centrality of animation to contemporary global culture. Watch Me Move is the most extensive exhibition ever of the last 150 years of animation, from Snow White to The Hulk. The exhibition brings together pioneers, film-makers and artists including Étienne-Jules Marey, Jan Švankmajer, William Kentridge and Nathalie Djurberg alongside commercial studios such as Walt Disney, Studio Ghibli & Pixar. MAN A is a series of seemingly flat surfac
During the CAFKA14 Biennale In Search of Abandoned was successfully exhibited in at The Communitech Hub in Kitchener, Canada. The exhibition came as the culmination of a residency and was well attended. The technically com-plex show was enjoyed by many participants, several of whom came from Universities in Toronto - where the artists had previously given presentations. 31 May - 29 June 2014 CAFKA14 \| In search of Abandoned Communitech hub, Kitchener, Canada. Two new works were unveiled to the public at an intriguing exhibition, Islands, at the Coleman Project Space in Lon-don during the summer. White Island is a virtual reality installation, inspired by polar balloonist S. A. Andrée and de-signed for the Oculus Rift . Perfect Circle is a video loop projected onto a captive weather balloon. Both pieces were developed following on from the Arctic residency Bruno undertook in 2010. 21 June - 20 July 2014 Islands \| White Island - Coleman Project Space, London 21 June - 20 July 2014 Islands \| Perfect Cir
Workshops & Presentations The artists have presented the extensively, including: Kinosphir she's lost control at Royal Central School of Speech & Drama, London & at Coventry University Figure & Landscape during the Proto Tools 2 day conference at FlatTime house in London. I danced myself to a standstill' part of the Research seminar Series Plateau a'l'oeuvre at Univeristie Stendhal, Grenoble, France. Ruth was invited by Gretchen Schiller to take part in a day long symposium ' Stillness temporalities - qualitative dimensions of action' at Maison de Creation and to give student crits over a number of days. Figure in Landscape at CAFKA14 Kitchener, Canada as well as many public demonstrations the artists gave they also presented a talk to sum up their Christie /CAFKA residency. This was instigated by the CAFKA director Gordon Hatt. Walking with dancers at Leeds University - Ruth was invited by Sita Popat to take part in The Performance Technologies research group's annual symposium. Palais de Danse Salon III
The artists were involved in a number of pedagogic activities in Derby including presentations of their portfolio of work and discussions of the ways in which the audience & performer inhabit space in game worlds unearthing dialogues between dance, data visualisation, animation & game engines. The activities are summed up below: Staff talk QUAD Gallery Gallery Camp digital initiative where regional digital companies come together for a symposium. Studio Visits from the QUAD team. Presentation at Institute of Sustainable Engineering, Derby University.
Didactic Materials Acquiring knowledge from MocApp has helped the artists create the MAN A App. The app is available for free for both Android & iOs devices. A project website allows audiences to download prints and templates to create objects at home that work with the app. Additionally the artists have been continuing to update their tumblr technical scrapbook site with snippets throughout the year this is intended to provide useful insights into the processes and techniques used by the artists
Public Benefit Statement As always we have been continuing to promote an appreciation of art to the wider public by creating exhibitions, installations, previews and talks. Many of these events have been very well attended and they have all taken place in ven-ues open to members of the public arts centres, galleries, conferences and n HCI's.
This year has shown worldwide recognition for the artists as their work tours internationally as part of large group exhibitions. Solo shows have enabled the artists to continue to experiment with new forms of audience engagement and new types of immersive experience, once again being at the forefront of technological development. The artists have contributed to new knowledge in the form of articles written about their practice which straddle both the academic and public arenas.
Publications The artists work has featured in several publications including: 'Digital Revolution' - Barbican Exhibition Catalogue edited by Neil McConnon, Conrad Bodman, Danni Admiss. Proto-tools 1 introduced by Stephen Knott and edited by Colm Lallythispublication from the Flat Time House event considers the role of the tool within artistic practice, as a means to create material effect and a device to progress a way of thinking. In the book is a transcription of artists talks about their recent practice. '
E:vent Archive and related materials 2003-2011' editors Neil Chapman and Colm Lally 'Video Games & Art' 2nd edition' by G. Mitchell & A. Clarke. In the book the artist give an extensive interview about their practice focussing on their use of video game engines. 'Moving Sites' Sita Popat chapter 'Placing the body in Mixed Reality' ed Vicky Hunter Routledge
Sarah Whatley's chapters in 'The Challenge of the Inter in the Preservation of Cultural Heritage; the intangibility of the Material and Immaterial Dancing Body in Performance - information technologies for Performing Arts ,Media Access, and Entertainment' Paolo Nesi, Raffaella Santucci & Palgrave and Macmillan ' The Performing Subject in the Space of Technology: Through the Virtual Toward the Real ed Matthew Causey, Emma Meehan and Neill O'Dwyer.
Funding Awards The artists were commissioned by Selfridges to produce edition 1 of MAN A for Festival of Imagination. The artists were commissioned by Goldsmiths to produce edition 2 of MAN A for You/Me/It. The artists were awarded a commission for edition 3 of MAN A for Digital Revolution by the Barbican Louise Clements Head of QUAD in Derby awarded Ruth & Bruno a Digital Fellowship during 2014 -this involved mentoring, setting up workshops and installing a large solo show at the end of 2014 into 2015. They also received a Grants For the Arts award from Arts Council England for the solo exhibition at QUAD.
Two applications were made to the Art & Humanities Research Council to fund further research into haptic interface design for immersive environments and for an online image gallery of their Capturing Stillness research. Both were unsuccessful but scored very highly in each round - the image gallery submission becoming 1st reserve. An application was made to The Los Angeles County Museum of Art Art + Technology Lab - this is for a large scale virtual reality research project.
Plans for future periods Jari Lager, the director of UNION in London approached us to create a MAN A exhibition for his gallery in early 2015 to coincide with the London Art Fair. The artists plan to re-apply to the Headlands residency. The artists are considering applying to several trusts and foundations for funds for new projects and continue to strengthen links with the community, our audiences and peers.
Reference and administrative details
Company number: 06014730 Charity number: 1124325 Principle office: Unit 301, 449 Bethnal Green Road, London E2 9PH
Our advisors
Independent examiner
Nik Fisher FCCA Simia Wall
Bankers
NatWest plc, Aldgate Branch, PO Box 10863 130 Whitechapel High Street, London E1 7PY

Directors
The following persons served as directors and trustees during the year:

	Colm Lally
	Mark Bruce
	Helen Street

Structure, Governance and Management
Constitution of the Charity
The charity was incorporated as a company limited by guarantee without a share capital. The registered company number is 6014730 and the registered charity number is 1124325. The charity’s trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to guidance published by the Charity Commission regarding the public benefit test.

Organisational Structure and Governance
MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 30 NOVEMBER 2006 AS AMENDED BY SPECIAL RESOLUTION 21 APRIL 2008. It is a registered charity with the Charity Commission.

Reserves policy
Igloo artists is an organisation which was founded without any assets. The factors we considered in determining what reserves we require were: • the unpredictable nature of our income, • our very low level of fixed-costs (we don’t employ staff or pay rent on premises), • and our ability to control expenditure on activities. The Board of Trustees have agreed the appropriate level of reserves should be the annual costs of meeting our statutory requirements (accountancy and administration costs) plus a contingency for any professional fees, should the charity need to be wound-up. We calculate these costs to be £3,000. Currently we hold reserves total and unrestricted reserves of £16,964.

Transactions and financial position

The financial statements are set out on pages 10 to 14. The financial statements have been prepared implementing the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (revised in June 2008) and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The trustees confirm that the charity’s assets are available and adequate to fulfil its obligations. The Statement of Financial Activities show net incoming resources for the year of a revenue nature of £12,610. The total reserves at the year end stand at £16,964. A majority of the expenditure is spent on charitable activities.

Risk assessment

SORP 2005 requires trustees to set a framework to identify and respond to risk and to provide a methodology for risk management and its reporting. The risks considered relate to the operational performance of the charity and the achievement of its aims and objectives and are summarised as governance risks, operational risks, financial risks, external risks and compliance with law and regulations.

The trustees confirm that the risks to which they believe the charity is exposed as identified by the trustees, have been reviewed and that systems have been established to mitigate those risks. In order to identify relevant risks and appropriate controls the following matters were considered:-
		- the charity’s objectives and strategies;
		- the nature and scope of the charity’s activities;
		- external legislation and regulations;
		- the operating structure of the charity; and
		- comparison with other similar size charities or working in the same sector.

Statement of Directors’ and Trustees’ Responsibilities

The charity Trustees (who are also directors of Igloo Artists Ltd for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required to give a true and fair view of the state of affairs of the charitable company and of the profit or loss of the company for that period. In preparing the financial statements the Trustees are required to:-

	• select suitable accounting policies and then apply them consistently;
	• observe the methods and principle in the Charities SORP
	• make judgements and estimates that are reasonable and prudent; and
	• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
	• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

	The Trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy at any time, the financial position of the charitable company and that enable them to ensure that the financial statements comply with the 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.

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 28 August 2015 and signed on its behalf.





Colm Lally
Director

Igloo Artists Limited
Independent Examiner’s Report to the trustees of the charity

I report on the accounts of the company for the year ended 30th November 2014 which are set out on pages 10 to 14.

This report is made solely to the trustees, as a body, in accordance with the regulations made under Section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charitable company’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s trustees, as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

The trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 145(3) of the Charities Act 2011 (the Act) and that an independent examination is needed. Having satisfied myself that the charitable company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• examine the accounts under section 145(1)(a) of the Act; • to follow the procedures laid down the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and • to state whether particular matters have come to my attention.

Basis of Independent Examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ’true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that in any material respect the requirements (i) to keep accounting records in accordance with section 386 of the Companies Act 2006; (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; have not been met; or

2) to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached;

Nik Fisher FCCA
Simia Wall
Chartered Accountants

Sir Robert Peel House
178 Bishopsgate
London
EC2M 4NJ

28 August 2015

Igloo Artists Limited
Statement of Financial Activities (incoporating an Income and Expenditure account)
for the year ended 30 November 2014
Unrestricted		Restricted	Total
funds		funds	funds
Notes	2014	2014	2014		2013
£		£	£	£
Incoming resources

Incoming resources from generated funds	24,272	-	24,272		17,311


Total incoming resources	24,272	-	24,272		17,311

Charitable activities	11,139	-	11,139		15,840
Governance costs	523	-	523		1,040

Total resources expended	11,662	-	11,662		16,880


Net incoming resources before transfers between funds	12,610	-	12,610		17,311

Reconciliation of funds

Total funds brought forward	4,354	-	4,354		3,923

Total funds carried forward	16,964	-	16,964		4,354




The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 11 as required by the said statement.

All activities derive from continuing operations

Igloo Artists Limited
Balance Sheet
as at 30 November 2014

Notes			2014			2013
The assets and liabilities of the charity:	£			£
Current assets
Cash at bank and in hand		17,444			4,864

Creditors: amounts falling due within one year	5	(480)			(510)

Net current assets			16,964			4,354

Net assets			16,964			4,354

The funds of the charity
Unrestricted income funds
Unrestricted revenue accumulated funds	6		16,964			4,354

Total charity funds			16,964			4,354

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Colm Lally
Director
Approved by the board on 28 August 2015

Igloo Artists Limited
Notes to the Accounts
for the year ended 30 November 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008). The accounts have been drawn up in accordance with the provisions of the Charities Acts and the Companies Acts, and include the results of the charity’s operations which are described in the Trustees’ Report, all of which are continuing.

	Incoming resources
	Grants and donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Deferred income represents amounts received for future periods and is released to incoming sources in the period for which it has been received. Such income is only deferred when the donor specifies that the donation must only be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement. Investment income is recognised on a receivable basis.

	Resources expended
	Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting (revised June 2008) issued by the Charity Commissioners for England & Wales. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

	Cash flow statement
	The charity has taken advantage of the exemption applicable to small companies and not produced a cash flow statement.

	Taxation
	As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.

2	Trustees remuneration and expenses

	No remuneration or benefits were paid to trustees or persons connected with them during the year.


3	Income	Unrestricted funds		Total funds
		2014		2014		2013
£			£		£

	Grants	13,500		13,500		-
	Venue fees ands studio hires	265		265		2,566
	Sales	40		40		-
	Artist fees	10,467		10,467		14,745
		24,272		24,272		17,311



4	Expenditure	2014		2014		2013
£			£		£
a	Costs of charitable activities

	Artists fees	2910		2910		0
	Production costs	6488		6488		2792
	Travel	981		981		689
	Other costs	760		760		12359

		11,139		11,139		15,840

b	Governance costs
	Bank charges	43		43		68
	Legal and professional fees	-		-		600
	Examination and accountancy	480		480		372

		523		523		1,040



5	Creditors: amounts falling due within one year			2014		2013
£					£

	Other creditors			480		510


6	Analysis of the Net movement in funds			2014
£

	At 1 December 2013			4,354
	Net movement in funds from Statement of Financial Activities			12,610

	At 30 November 2014			16,964