THE PERFORMING ARTS CHILDREN'S CHARITY Charity Registration Number 1081561 ANNUAL REPORT AND FINANCIAL STATEMENTS Forthe Year Ended 31 August 2025 Trustees Don Caravello (Chalr] Deborah Whatling Paul Rlley Independent Examlner Nlna Klsh BA (Business & Economlcs) AuditAffillate MemberoflCAEW Rlchmond Accountlng Servlces 20 Mortlake Hlgh Street London SW14 8JN Prepared irk accordan with the Charities Act 2011 Pa8e I lorii
TRUSTEES, ANNUAL REPORT For the Year Ended 31 August 2025 REFERENCE AND ADMINISTRATIVE DETAILS Charity Name". The Perforn)Ing Arts Children's Charity Charlty Number: 1081561 Prlnc5pal Address 20 Mortlake Hlgh Street London. SW14 8JN Trustees Servlng Durlng the Year Don Caravello (Chalr) Deborah Whatllng Paul Riley srRUCTURE, GOVERNANCE AND MANAGEMENT The charlty ts 8overned by a Declaration of Trust dated 4 january 2000, as amended on 18 March 2014. The trustees are responslble for the overall management and admlnlstratlon of the charlty and meet as required to revlew actlvitles. finances. governance matters and future strategy. OBIECTS AND PUBLIC BENEFIT The Perfornilng Arts Children's Charlty exists to Improve the lives of chfildren and young people with speclal educatlonal needs and dtsablllues thn)ugh parddpation in performing arts artlvltles. The charlty has hlstorlcaily delivered classes and programmes for chlldren with a range of dlsabllities, includlng Autism. Down syndrome. Hearing ImpairnienL Cerebral Palsy and Learnlng Dlsabilities. Through strurtured perfoming arts activities. the charity promotes independence, self-conftdence. communication skil]s and social interaction. helplng participants to build brighter futures and reach their full potentiaL Pa8el2LrfII
The charity uses the In-step Programme to dellver specific outcomes for partlclpants. Through role-play, storytellin& shared narratives and grouwbased artivltles, chlldren are encouraged to develop self-confidence, self-esteem and personal resilience within a supportive environmenL Experience gained through the delivery of the programme. together wlth feedback recelved from parents. carers and teachers. demonstrates that Positive outcomes can be achieved across a broad spectrum of disabilitie& The charity belleves that thildren with disabilities working together within a structured and supportive framework can achieve levels of confidence, Self-esrn and personal development that may be difficult to achieve in isolation. The trustees have consldered the Charlty Commlsslon's guldance on public beneflt and are satlsfled that the charlty's activitles and future plans continue to provide a clear and Identifiable public benefiL ACHIEVEMENTSAND PERFORMANCE Slnce 2000, The Perfomlng Arts Chlldren's Charity has been supporting and Improvlng the Ilves of chlldren and young people wlth spedal educattonal needs and dlsabllltles through partlclpatlon In perfornilng arts artlvltles. The COVID-19 pandemic drdmatlcally altered the charfty sector, wlth the fundralslng envlronment changing significantly. Hlstorlcally. the char5ty beneflted from support generated through school-based eventsi perforn)ances. muslc evenlngs and communlty fundralsing actlvltles. In the years followlng the pandemlc. many of these opportunltles declined sub5tandally. whlle a number ofestabllshed fundralslng events ceased altogether. In response to these changes. the trustees undertook a strateglc revlew of the charffity's activltles and fundratslng model. During this per10 actlve programme delivery was temporarily suspended whlle the trustees consldered how best to contlnue achlevlng the charity's oblertives In a sustalnable manner. No charttsble programme5 were dellvered durjng the year ended 31 August 2025. However, the trustees condnued to oversee the governance and admini5tratlon of the charity and maintained regular overslght of Its affalrs. During the year. the charfty recelved a substantial unrestrlrted legary which slgnlflcantly strengthened Its financial position and provfded an opportunity to evaluate future charitable artivltles and initiative& Pa8el 3olll
FINANCIAL REVIEW The charity recelved total income of £753.986.83 during the year. comprising an unrestricted legacy of £750.000 and interest of £3.986.83 earned on funds held in the charitys bank accoun Following receipt of the legacy. the tnteeS placed the majority of the funds in an interest- bearing savings account while undertaking a strategic review of the charitys future activities and the most effective use of the funds in furtherance of its charitable objectives. Totsl expendlture during the year amounted to £95.00. comprising bank charges and subscription costs. The charity recorded a net surplus of £753.891.83 for the year. At 31 August 2025, tt)tal fund5 Stood at £755586.69. The trustees consider the charity's financial position atthe year-end to be strong and sufficient to supportthe future development of the charitys activltles. RESERV&S POLICY The trustees have resolved to retain the legacy funds in the short term while undertaking a strategic review to deterniine the most effective and sustainable use of the fund5 in fiherdnCe ofthe charity's objectives. The trustees CODslder the level of reserves held at the year end to be appropriate in light of the ongoing review process and future planned charitable activities. PLANS FOR FUTURE PERIODS The trustees are currently evaluating a range of Options for recommencing and developing the charity's artivities. The objective ofthis rewew is to ensure that the legacy funds are applied effectively. sustalnably and in a manner that nwimises public benefit whlle remalning consistent with the charity's charitable purposes. No specific projects had been fornially approved atthe balance sheet date. and the trustees expert to continue thelr evaluation during the forthcomlng perio Pa8e14dll
TRUSTEE RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the Trustees, Annual Report and the financial statements In accordancewith applicable law and Charlry Commission requirement& The trustees are responslble for malntaining proper accounting records, safeguarding the assets ofthe chartty and taking reasonable steps for the prevention and detertlon offraud and other irregularldes. Approved by the Trustees and slgned on behalfof the Board ofTrustees. Slgned: Don Caravello Chalr of TNstees Date: e7 Pa8elSofll
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PERFORMING ARTS CHILDREN'S CHARITY Charity Number: 1081561 I report to the trustees on my examination of the accounts of The Perfornitng Arts Children's Charity for the year ended 31 August 2025. Responslbllltles and Basls of Report As the charlty's trustees, you are responslble for the preparation of the accounts In accordance wlth the requirements ofthe Charltles Art 2011 ('the Act"). I report In respert of my examlnation ofthe charity'5 accounts carrled out under sectlon 145 of the Art and In carrylng out my examlnatton I have followed the appllcable Dlrectlons glven by the Charlty Commlsslon. Independent Examlner's Statement I have completed my examlnatlon. I conflrm that no matertal matters have come to my attentlon In connection with the examlnatlon whlch glve me cause to belleve that In any materlal respect: accountlng records were not kept as requlred by section 130 of the Act; or 2. the accounts do not accord wlth those records. I have no concerns and have come across no other matters In connectlon with the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper under5tandln8 of the accounts to be reached. Slgned: Nina Kish BA (Buslness & Economlcs} Audit Afflllate Member of ICAEW Qualltied Accountant Forand on behalfof: Rlchmond Accounting Servlces 20 Mortlake High Street London, SW14 8IN Date.. 026 Pa8e16ofll
STATEMENT OF FINANCIAL ACTIVITIES (SOFA) The Performing Arts Children's Charity Charity Number: 1081561 For the Year Ended 31 August 2025 Unrestrlrted Funds Notes 2025 (£) 2024 ( Income and Endowments From: Donadons and Legacies Interest Recelved on Bank Deposlts Total Income 7SO,000.00 3,986.83 0.00 3.00 753,986.83 3.00 Expendlture On: Governance Costs Total Expenditure 95.00 95.00 95.00 95.00 Net Income / IExpendlture) for the Year 753,891.83 (92.OOJ Funds Brought Forward 1.694.86 1,786.86 Funds Carrled Fonvard 755,586.69 1,694.86 The notes on pages 10 to 11 fo part of these financlal statemen Approved by the Trustees and n behalfofthe Board ofTnth& Slgned: Don Caravello Chalr of Trustees Dare: *? Pwl7ofll
BALANCE SHEET The Perforniing Arts Chlldren's Charfity Charity Number.. 1081561 For the Year Ended 31 August 2025 Notes 2025 (£} 2024 (£) CurrentA55ets Cash at Bank and in Hand 755,586.69 1.694.86 Total CurrentAssets 7s586.69 1,694.86 Credltors: Amounts Falllng Due Within One Year Nll Net CurrentAssets 755,586.69 I.6946 Total Net Assets 755.586.69 1,694A6 Funds ofthe Charity Unrestricted Funds 755,586.69 1.694.86 Total Charity Funds 75S,586.69 1,694.86 Approved by the Trustees and signed o ehalf of the Board of Trustees. Signed: Don Caravello Chair of Trustees Date: 4?>/ Page18ofll
INCOME AND EXPENDITURE ACCOUNT For the Year Ended 31 August 2025 Income 202S (Q Unrestrirted Legacy Received 750,0110.00 Total Donatlons and Le8ades 750.000.00 Expendltsre Dues and Subscrlptlons 35.00 Bank Charges 60.00 Total Expendlthre 9S.00 Operatlng Surplus 749,90S.00 Other Income Current Account Interest 3.21 Gold Savlngs Account Interest 3,983.62 Total Interest Recefved 3.98&83 Net Surplus for the Year 753091.83 Summary- The charity received an unrestrirted legacy of £750.000 during the year together with interest of £3.986S3 earned on fun(ts held In the charitys bank accounts. Total expendlture amounted to £9S.00. comprising bank charges and subscrlptlon costs. The resulting net surplus for the year was £753091.83. P¥&1 9rlll
NOTES TO THE FINANCIAL ATEmENTs For the Year Ended 31 August 2025 Accountlng Polldes Basts ofPreparadon The financial ststements have been prepared In accordance wlth the Charities Act 2011 and applicable accounting requirements. The financial statements have been prepared on an accruals basls under the historical cost convention. FundAccoundng Unrestrlcted funds are avallable for use at the discretton of the trustees In furtherance of the general oblectlves ofthe charSty. Income Recognltlon Income Is recognlsed when the charlty has entitlement to the funds, recelpt Is probable. and the amount can be measured reliably. ExpendllureRecognltlon Expendlture Is recognised on an accruals basis as a Ilablllty Is Incurre(L l. Donadons and Legades 2025 {£) 7SO,000.00 7SO,000.00 Unrestrlrted Legacy Recelved Total Donatlons and Legades 2. Interest Recelved on Bank Deposlts 2025 (£) 3.21 3,983.62 3,9863 Current Account Interest Gold Savlngs Account Interest Total Interest Recelved The charlty does not hold any Investsnent assets. The income reported above relates solely to interest earned on funds held in the tharitys bank accounts. P421 Ioofll
NOTES TO THE FINANCIAL STATEMENTS CON'T For the Year Ended 31 August 2025 3. Expendithre OD GovernaDce Cost 2025 (£) 35.00 Dues and Subscrfptlons Current Account Bank Charges Total Governance Cost 60.00 95.00 4. Cash at Bank and In Hand 2025 (£) 1.603.07 753.983.62 755.586.69 2024 (£) 1,694.86 0.00 CurrentAccount Gold Savlngs Account Tota] Cash at Bank and ill Hand 1,694.86 5. Credltors The charlty had no creditors falling due withln one year at 31 August 2025. 6. Trustee Remuneration and Expenses No trustee received remuneration during the year. No trustee was reimbursed expenses during the year. 7. Related Party Transactions There were no relatsd party transactlons during the year. Funds Unrestricted Funds (£) 1.694.86 753.891.83 7S5.S86.69 Balance at I September 2024 Net Income for the Year Balance at 31 August 2025 All fund5 held by the charlty ar 31 August 2025 were unrestrIcted funds. PwlllofLI