Company Number: 04528346 Charity Number: 1102263 Bernie Grant Centre Partnership (A company limited by guarantee) Annual report and financial statements For the year ended 31 March 2025
Bernie Grant Centre Partnership ReferenGe and administrative details Trustees Geoffrey Williams- Chair Emma Bowman Miranda Grell Sam Mackay Robert Muncaster Philippine Nguyen Ngoc Nii Nortey Charis Thomas Bolanle Evelyn Oluwole Key Management Personnel Sunita Pandya Malik- Interim CEO Company number 04528346 Charity numbar 1102263 other Worklng Names BGAC - Bemie Grant Arts Centre Reglstered Office Bernie Grant Arts Centre Town Hall Approach Road Tottenharn London N15 4RX Bankers Triodos Bank Deanery Road Bristol BS15AS Auditor8 Dunkley's Chartered Accountants Registered Auditors Woodlands Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY
Bernie Grant Centre Partnership Trustees, report for the year to 31 March 2025 The trustees who are also directors of the charty for the purposes of the Companies Act 2006 are pleased to present their report together with the financial statements of the charily for the year to 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice 'Accounting and Reporting by Charities, (revised 20151. Structure, Governance and Management Legal status Bernie Grant Centre Partnership is a company limited by guarantee and a registered charity. The company was registered in England and Wales on the 6 September 2002 and gained charitable status on the 24 February 2004. Governing Document Bernie Grant Centre Partnership is governed by its Memorandum and Articles of Association dated 6 September 2002 as amended by a Itten resolution dated 22 January 2004. Trustees The directors of the charltable company are also its trustees for the purpose of charity law. Throughout this report they are collectively referred to as the trustees. The following individuals seNed as trustees during the period and to the date of this report.. Geoffrey Williams - Chair Miranda Grell Robyn Kasozi Nii Nortey Dimple Purohit Jonathan Rand Nicole Le Marie Sam Mackay Emma Bowman Charis Thomas Robert Muncaster Philippine Nguyen Ngoc Bolanle Evelyn Oluwole (reslgned December 2024) (resigned December 2024) (resigned September 2025} (resigned April 2025) (appointed June 2024) (appointed June 2024) (appointed June 2024) (appointed June 2024) (appointed June 2024) (appointed December 2024) All trustees served for the full period unless otherwise indicated above. The charity is controlled by the board of trustees who meet at quarterly intervals to administer the charity. The trustees delegate management of day-to-day operations of the charity to the CEO who has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and artistic performance related activity. Recruitment and appointment of new trustees The trustees who are elected and co-opted under the terms of the Articles of Association may by ordinary resolution appoint a person who is willing to be a trustee either to fill a vacancy or as an additional trustee. New trustees undergo an orientation day to brief them on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and inform them ofthe content
Bernie Grant Centre Partnership Trustees, report for the year to 31 March 2025 of the Memorandum and Articles of Association and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. None of the trustees receive remuneration or other benefits from their work with the charity. Public Benefit The Twstees confim that they have complied with their dLrty under Section 17(5} of the Charities Act 2011 to have due regard to the Charity Commission's general guidan on public benefit when reviewing the charity's aims and objectives and in planning future acts'vities. In determining how best to pursue our primary aims and objectives, the Trustees have considered the Charity Commission's guidance on public benefit, including fee Charging. This is especially pertinent for the Bernie Grant Arts Centre (BGAC) where afft)rdablllty, to encourage participation and broaden accessibility, is a key issue for potential users of our seNices and activities, and also for the hirers and tenants of our spaces. In this context prices - be it for services and activities or hires and rents - are typically set as low as possible for the income generated to cover all costs. Objectives and princlpal aGtiviti08 The Bernle Grant Arts Centre is a state of the art, purpose-bullt arts complex in the heart of Tottenham Green, North London, one of th8 most diverse, dynamic and creative places in the capltal. Opened in 2007, the centre was the vision of the bte Bernie Grant MP who wanted to create a flagship perfoming arts centre which would become a home for culturally diverse artists, audiences and entrepreneurs in the cultural industries. Designed by Sir David Adjaye, the complex features.. a 274-seat, flexible theatre space., 3 rehearsal spaces, a lounge cinema, café & bars., 20 creative workspaces, around a large open square. Our Mission The BGAC is a unique space which develops, supports and presents work by Black and minority ethnic artists. We are welcoming to all, but we focus on championing Black artists telling their own stories. We are developing the artists of tomorrow and the audiences of the future. We aim to be a nationally and intemationalty recognised centre for the development of diverse cultural and creative practitioners, and to have a demonstrably positive impact on the quality of life of local cornmunities. Indeed, it's part of our vision to make a substantial contribution to the social and economic regeneration of Tottenham and to the wider artistic ecology. The BGAC is commitled to being a centre of excellence in the areas of training, education and learning, and cultural diversity in the arts. Core Aims & Objectives The Bernie Grant Arts Centre's core objectives are to.. Cultivate high quality artists'c innovative works by Black and diverse artists, through a range of artistic and support programmes" Remove barriers to participation in the arts and pathways into the creative industries" Celebrate the creativily of a cu5turally diverse population locally, nationally and internationally., Attract and develop new and existing participation in the arts from all communities. Be a catalyst for the regeneration of Tottenham;
Bernie Grant Centre Partnership Trustees, report for the year to 31 March 2025 Lead on the strategic development of innovative learning and participation programmes for local artists and those in the creative industries-, Support the local creative economy by providing managed workspace unitsl business units. buildings andlor land for use on favourable terms particularly amongst those among the Black, African and Caribbean diaspora and local residents in the London Borough of Haringey., strengthening our financial performance and ensuring we are a robust and resilient organisation. The strategies employed to achieve the charity's aims and objectives are to.. Present a broad range of high-quality theatre productions and art exhibitions targeted at the local comrnunity and at a wider audience. Present an artistic and creative learning programme that represents and retlects Black, African and Caribbean diaspora communities often excluded from malnstream artistic platforms., Provide an artistic programme that is acSsible and gives those often locked out of the arts multiple ways to engage and be involved., Provide small and medium size performance spaces for use by emerging local and regional talent as well as visiting performers., Provide facilities and opportunities for Ioc81 creative talent to develop and prosper in an environment which is well resourced and controlled by a diverse local community, for the beneflt of that cornmunlty. Provide facilities and support for artists to develop. Groups in the borough are given discounted rates for hire of space ancj access lo professional advice,. Concentrate on engagem8nt work targeted at involving young people from one of London's most diverse and deprived boroughs to bridge the arts participation gap. Achievements and performance Arti8tic highlights in the year to March 2025 We opened the financial year on 8th April with our Easter Camp. Partnering wth Steppaz, we delivered a week-long Easter Holiday Performing Arts & Dance Camp with daily worksfvops, for young people, aged 7 - 11 years old. Classes included a mix of street dance, contemporary dance, drama and music. All levels of ability were welcorne and the sessions offered young people a great opportunity to learn new skills and make new friends, while supporting local parents with an affordable and creative engagement option. April also marked the annual Bernle Grant Lecture, presented this year by Professor Haklm Adl, award-winning historian and the first historian of African heritage to become a professor of history in Britain when he was appointed Professor of the History of Africa and the African Diaspora in 2015. Titled "History Matters: Affirming the History of Africa and the African Diaspora" Professor Adi emphasised the importance of the role of historians and history teachers pushing back against false narratives of Black British History. Following the lecture there was a panel chaired by BBC Radio Presenter Dotun Adebayo MBE and featuring two Maslers of research students and members of the Young Historians Project, Hannah Francis and A.S. Francis. In the same month, wo embarked on a special Arts and Mental Health project, funded by the Barings Foundation, working with students at Haringey Learning Partnership (HLP), an alternative provision school based in Wood Green. We engaged the RESPITE cohort consisting of 8-10 students, who alongside their academic challenges are often navigating mental health conditions and éifficult Circumstanc in their familial and social lives, aiming to take them on a transformative journey, creatively led by established artists in the form of weekly workshops, These sessions help
Bernie Grant Centre Partnership Trustees, report for the year to 31 March 2025 with processing experienS, confidence. leadership skills, emotional regulation, somatic awareness and communication. On 9th May, we kicked off our Windrush Festival programming, with a 3 part partnership with Pegasus Opera Company, renowned for its commitment to diversity and excellence in classical music. For Part 1, professional opera singers performed a free Concert of classical and Caribbean music for elders in the Haringey Circle community. Following the performance, Windrush elders were invited to share their oral history testimony with our singers over catered lunch, which was then us8d as inspiration for local school children's original songs and later performed in a concert at the centr6. Part of our Pegasus partnership saw us host a week-long immersive exhibition showcasing the contributions of Black British composers from the past, present and future, complemented by oral histories collected from the local Windrush communities in each touring location. Through listening posts, curated photographs, and personal anecdotes, visitors were transported into the vibrant tapestry of the Windrush experience, fostering a deeper understanding of cultural heritage and resilience. The week was then rounded off with Part 3.. "Windrush- The Journey, Concert Tour. where the legacy of the Windrush generation was honoured with a fusion of classical music, ste81 pan, jazz, and blues. Pegasus Opera Company were accompanied by the Royal Liverpool Philharmonic Orchestra and the cOnrt featured works by distinguished Black composers Chevalier de Saint George and Richard Thompson, alongside a premiere from a groundbreaking new commission Windrush Opera composed by Des Oliver with Libretto by Edson Burton. After a strong start to the month, on 12th June we proudly celebrated the openlng of'what I Thought l Knew,, the first of visual arts exhibitions supported by the Freelands Foundation's "Space to Dream" fund. Marking the 2nd year of our "Black Art Matters" programme, we commissioned multidisciplinary artist Ronan Mckenzie to guest curate the exhibitions in our newly refurbished Mezzanine Gallery, "What l Thought l KneW' featured the work of 11 black artists, both emerging and established, and displayed a reflection on familial archives, oral histories. Mckenzie invited viewers to join her in reappraising inheritecj stories, whilst teasing out new individual and collective narrative contours for living. Free to attend and open to all Tuesday - Saturday, this enabled us to engage a new audience, beyond performance attendees, solidifying our position as a cultural hub. Our Windrush Festival programming culminated on 22nd June, with a Windrush Block Party in our square. A family-friendly one-day open-air featuring workshops from Witty Ditty Designs, and delicious Caribbean food stalls from partner Black Eats, the day was a ceSebratory series of performances, engagements and inter-generational fun. Over 400 attendees enjoyed performances from BGAC resident companies Steppaz and Reggae Choir. Our music stage was hosted by Wild G, with performances by headliner Josh Bany, BandJ8mm, Deeriginal. Hear Me Out and more. Tickets were available from £5 with our accessible Pay What You Can (PWYC) offer, with free ticket5 for under 2s and over 65s. We were delighted with the range of people in attendan, with ages spanning from babes in amis to those in their 90s all coming together to spend the day. We wrapped up our Windrush programming on the 28th June with a'windrush Legacy. event hosted in collaboration with Haringey Council's Embrace Neknork, including panel discussions and performan5 from legendary Lover's Rock singers Janet Kay and Carroll Thompson. Ultimately, our Windrush programming engaged a total of over 1,500 guests, including 150+ young people from local schools. We engaged over 160 artists, of which around 100 were Black. In August, we partnered with local charity Arts Bridge, on their Pajomajcollective project, which saw them host an open-call for minoritised, deaf and disabled perfomiers, who then devised and produced their own theatre show, performed on our stage for a sell -out show. Our summer
Bernie Grant Centre Partnership Trustees, report for the year to 31 March 2025 programme then continued with our two week, perfomilng arts summer camp, for children aged 7-11. Also in Au9USt, we hosted two very special events programmed alongside our visual arts exhibition Vvhat l Thought l Kne,, the first being a "Curator Tour and In Conversation" This was an intimate experience for around 20 attendees, where Ronan Mckenzie walked through the gallery discussing her curatorial decisions and thought on the athorks. one piece at a time. This was followed by a sit down with attendees, featuring an interview bebAfeen Ronan Mckenzie and Azieb Pool, our CEO + Artistic Director. Our 2nd event was a workshop for 8 black artists, hosted by Blk-Anti-Crit, giving those who have not had the opportunity to pursue an art degree a chance to present their practice, hear feedback and share their thoughts with each other. These events brilliantly rounded off "What l Thought l Knew" as it came to a close on 31 st August, having been visited by over 3000 members of the public. In September, we hosted youth-led, panafrfcan group A Tribe Name Athari as they held a back to school give away of black haircare products for our local community. Then, on the 19th, we opened "What l Know Is Possible" the 2nd of the visual arts exhibitions curated by associate a$t Ronan Mckenzie, presenting a dreamscape for the future, bringing together a collection of immersive and interactive artefacts from an imagined world through the perspectives of 6 contemporary black artists. Three of the exhibiting artists were commissioned to create new pieces in response to the theme. The exhibition which would be open for the next 3 months, was visited by the RESPITE cohort at Haringey Learning Partnershlp who then worked with featured artist Melo-zed to create immersive soundscapes energ18ed by the ide8s presented. October marked BGAC'S 2024 'Black H16tory Month,, with the theme of Reclalmlng Narratives. On the 4th, we hosted the council's Black History Haringey 365's programme launch including a panel featuring Emily Oduro of The Daughters United, Yvonne Field of Ubele Initiative, rapper Shocka and filmmaker Veronica Mckenzie. There were DJ'S and performances, as well as a speech by MP for Tottenham David Lammy. On the 5lh October, we collaborated with Black in the Day and London's Screen Archives for a day of workshops titled "Finding Ourselves Here" As part of their'undocumented" project, addressing the underrepresentation of blackness in London's film heritage, London's Screen Archives hosted a Home-movie viewing workshop. where they brought equipment to view rare, old film media such as Super-8, VHS and mini DV. Later in the month we hosted a fr* Family Portraits day with associate artist and acclaimed photographer Ronan Mckenzie, where families, couples, friends and chosen families were given the opportunity to take home a selection of photographs as a way of documenting ourselves in the here and now, as writers of our own history - reclaiming the narrative. November welcomed the sixth annual Tottenham Llterature Festival. Building on its reputation as one of the UK'S leading literature festivals for work by Black authors, poets and artists, the festival returned to BGAC from the 11th-16th November. This year's festival included a range of talks, events, and workshops under the theme of the Black Im2ginations. #TLF24 authors included.. Diane Abbott, Zeinab Badawi, Ekow Eshun, Dean Atta, Dr Ronx, Kelechi Okafor, Victoria Adukwei Bulley, Paula Akpan, The Black Curriculum and Black Ballad. We also engaged thr primary schools, around 150 students in total, carrying out workshops in the schools with three black poets Zena Edwards, Nick Makoha and Kirk Ann Roberts - who all later returned to the Bernie Grant Arts Centre for a full day schools event taking plaTr in our theatre and in other spaces. Throughout the week, BSL interpreters were on stage to offer live interpretation, as well as offering roaming BSL support for workshops throughout Saturday's main festival day. The day wrapped with a R.A.P Party hosted by Inu8 Ellams. All in all. Tottenharn Literature Festival included an extensive free programme as well as all ticketed event5, Starting at £5 engaged over 2000 people. In December, we hosted a screening of Cauleen Smith film Drylongso, in collaboration with London's Screen Archives and TAPE Collective. Black Birdwatching group FlockTogether then
Bernie Grant Centre Partnership Trustees, report for the year to 31 March 2025 presented their annual Christmas Social at the centre, celebrating four years of affirming black presen in the often underrepresented birdwatching and outdoors space. On the 11 th December we hosted the Live Christmas Special of award winning journalist Gary Younge's "Over the Top, Under the Radarf,. Younge and co-host Carys Afoko were joined by MP Bell Ribeiro Addy. This was followed by a °Book Slam" by Royal Society of Literature on the 12th, featuring Paterson Joseph on encountering the work of James Baldwin, bestselling author Dorothy Koomson on creating thrill-seeking, hi-octane thrillers, and Bernardine Evaristo revisiting Mr Loverman, her beloved 2013 novel, recently adapted on the BBC. The year was wrapped up neatly with a winter show by our very own Resident Company Steppaz, attended by over 400 audience members. In January we entered our Theatre maintenance period, while continuing our regular classes with Reggae Choir, Aniko's Ballet, London Youth Choir, Paths Through Change and Steppaz. By February, our theatre was the venue for rehearsals and performance space booking by Urdang Theatre, bringing in much needed commercial revenue, while we continued our schools work with Haringey Learning Partnership - this time, bringing in artist and musician Jacob V JOY as facilitator, who is also writing a PhD exploring education and school exclusions. In March, LGBTQ+ organisation JuiceBox held empowering DJing workshops for International Women's Day, where attendees celebrated self-expression and identity through 80und and out work with Haringey Leaming Partnership continued right up until the end of the financial year in April, as well as the weekly dance and music classes held at BGAC. Principal risks and uncertainties The Trustees have reviewed the key strategic, operational, governance, and financial risks that the charity currently faces. Systems and processes remain in place to mitigate these risks, adapting to emerging challenges as needed. The agelng fabric of the building and its internal plant and fixtures present a considerable finanGial liability and risk factor. During the year, trustees and management began to assess the more pressing maintenance requirements and took account of these in the balance of activity undertaken. The Board actively discussed funding and partnership options to address these high- priority maintenance needs. Following the end of the financial year, considerable assistance has been forthcoming from strategic partners to survey and assess maintenance requirements in more detail and a plan has been formed l is being delivered to address them. The lean team continued to handle a challenging workload, and encountered shortfalls in critical areas such as strategic financial management, fundraising and facilities management. AbSenS during the year further stretched organisational capacity and Board members increased their support and oversight of organisational and financial management. Challenges in generating a sustainable commercial model alongside the artistic programme remain and continue to strain financial resilience, The Board has continued to direct robust attention to active debt recovery and expense reduction measures, which included a reduction in activity toward5 the end ofthe financial year. Material financial pressures persist and, as a result, the Board developed, in the first quarter of 2025, a strategy to stabilise the organisation, using professional advisers as required and in close coordination with key funding bodies and community stakeholders. This allowed the organisation to enter a strategic transfomiation- a deliberate pause that will allow us to rebuild sustainably in order to protect the legacy of the organisation and its long term sustainabilily. As a result, the
Bernie Grant Centre Partnership Trustees, report for the year to 31 March 2025 decision was taken to pause most programming and all new hires, honourin9 existing bookings and projects that aligned with our mission. The Trustees and executive team maintain ongoing vigilance over financial risks, including reseNes and cash flow sensitivity. This includes regular reviews of liquid funds. debt management, and creditor relationships to ensure sufficient working capital is available. Additidnally, the Finance and General Purposes subcommittee provides continuous oversight, with risk register reviews as a standing agenda item. Future plans The priority for the organisation is to emerge from the period af stabilisation, based on a carefully calibrated and tightly managed strategy to deliver its charitable objects and commitments to funding bodies alongside a financially sustainable model which maintains our capital estste to the necessary standard. The predictable, quarterly funding provided by NPO continues to enable strategic, long-term planning across programming, staffing, commercial activities, and governance. Ongoing engagement with and support from ACE has been critical in designing and delivering the Strategic reset of the organisation. This sustained support allows us to fccus more confidently on impactful growth and stability within the Centre. We are fortunate to continue our partnerships with Paul Hamlyn Foundation, Freelands Foundation, and Baring Foundation, amongst others Ose support is instrumental in expanding our artistic programs and community engagement. In alignment wSth the strateglc reset, we are dedicated to further bullding our funding pipeline aGross pro9rammatic and capital strands, rebuilding our operations, and reinvigorating our engagement with the community. In spite of the challenges, there is a vital and exciting future ahead for the organisation. Financial ravi8w The year under review was in financial terms a challenging period for the charity. Income generation remained diffiGult. and total income fell in year albeit by just 1 %. The previous year was our first year as an NPO and the £307k NPO grant received in year meant that although our grant incorne fell 100/0 to £663k from the previous year's £733k it remained historically high for the Centre. The fall in grant income was mostly offset by an increase in our rental and hires income but this area continues to lag behind earlier years following the general reduction in demand for hires caused by the pandemic and the loss of our 2 main tenants in recent years. The Board continue to explore ways to generate further income in this area as we seek to put the Centre on a sustainable financial footing. Total spend also fell by £55k 14 % although this was largely due to a relatively low repairs & maintenance spend of £23k compared to £78k in 2024. Elsewhere there were substantial financial challenges as the Centre had to find savings to balance inflationary increases such as energy costs which rose to £125k12024, £86kl. There was some success in this respect as our operating defi'cit fell by £45k to £298k (2024, £344k) at which level approximately 90 % of the deficit is due to our £261 k premises depreciation charged to the fixed asset fund set aside for this purpose. However, the bottom line position this year was made worse by a £56k unrealised loss in the value of our investment whereas last year had seen a gain of £115k, an adverse swing of £171 k. This
Bernie Grant Centre Partnership Trustees, report for the year to 31 March 2025 means that whereas last year the investment retums more than Canlled out the operating loss on unrestricted funds this year they added to it. Res8rv88 Restricled funds decreased during the period by £186k to £10.718m (2024, £10.904m). This represents the premises depreciation charge of £261 k pa charged to the fixed asset fund offset by new restricted income received in the final months of the year from Warner's Music and Linklaters. Restricted funds will likely continue to decrease over the coming years as our interest in the property is amortised over 52 years. Following a deficit on unrestrlcted funds for the period of £188k {2024, surplus of £4k) the balance of unrestricted funds was -£264k at the period end (2024 496k). This figure represents the charity's reseNes. The Trustees believe that the Centre should endeavour to maintain a reserve level equiv81ent to 3 months oftotal expenditure less depreciation which is separately provided against. This amounts to approximately £289k based on the current period's expenditure. Despite the set-back of the 2022-23 and 2024-25 financial years the charity has made significant overall progress in recent years - reserves stood at -£637k at 31 March 2020. Nevertheless, in the current circumstances we are likely to see a depletion of reserves in the period ahead before returning to an upward trend, so reaching the target level may take many years to achieve. Statsment of Tru8te08 Responsibilitie8 The trustees (who are also the directors of Bernie Grant Centre Partnership 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 statement8 for each financial year which give a true and fair view of the state of affairs of the charrtable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent. 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 adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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. Statement as to disclosure to our auditors In so far as the trustees are aware at the time of approving our trustees, annual report.. there is no relevant information, being information needed by Ihe auditors in connection with preparing their report, of which the auditors are unaware, and the trustees, having made enquiries of fellow directors and the auditors that they ought to have individually taken, have each taken a51 steps that helshe is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Bernie Grant Centre Partnership Trustees, report for the year to 31 March 2025 Small company provislons This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. This report was approved by the Board of Trustees on 11 December 2025 and signed on its behalf by: G rkF*p Charis Thomas Trustee 10
Report of the Independent Auditors to the Members of Bernie Grant Centre Partnership (Registered number: 04528346) Oplnion We have audited the financial statements of Bernie Grant Centre Partnership (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statem8nt of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally ACpted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its result, for the year then ended., have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those slandards are further described in the Auditors, respon8ibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of th8 financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concorn We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate. or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitab18 company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Report of the Independent Auditors to the Members of Bernie Grant Centre Partnership (Registered number: 04528346) Other informatlon The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise 8xplicitly stated in our report, we do not express any form of assurance condusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomation and, in doing so, consider whether th8 Other infomation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If w8 identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, wa are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescrib8d by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to r8POrt by axception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or retums adequate for our audit have not been received f rom branches not visited by us" or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made., or we have not reIved all the information and explanations we require for our audit., or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary 12
Report of the Independent Auditors to the Members of Bernie Grant Centre Partnership (Registered number: 04528346) lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assuran, but is not a guarant88 that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statement8. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reportlng Council's website at www.frc.org.uklauditorsresponsibilities. This description fomis part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those rnatters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Matthew Dobbins FCA (Senior Statutory Auditor) Dunkley's Chartered Accountants Registered Auditors Woodlands Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY Date..
Bernie Grant Centre Partnership ststement of Financial Activities {incorporating the Income and Expenditure Account) for the year to 31 March 2025 Unrastri¢tad Funds 2025 Restricted Funds 2025 Total Funds Totsl Funds 2024 2025 Incomo Grants and donations Hlr8s, box Offi and catsring Rental and other incom Inv8Stmenl income 423,110 268,076 171,965 36,376 239.612 662,722 268,076 171,965 36.376 732,597 251,599 127,002 37,579 Total income 899,527 239,612 1,139,139 1,148,777 Expendlturg Charltablg activiti85 1.011,432 425,908 1,437,338 1,492,687 Totsl exp&ndltur• 1.011,432 425,906 1,437,338 1,492,687 Net Income I lexpendlturel b8lore Investments galn5 1 losses 1111,9051 {188,294) (298,1991 1343,9101 Unrgali8ed movements on Inv8Stm8nts 156.165) 156,1851 114,743 Not income I lexpendltur61 (168,0701 1186,294) (354,3641 1229,16n Transfern bthoon fund$ . Net mov•rn8nt In Fund• (168,0701 {186,2941 (354,3641 1229,1671 Reconclllatlon of funds Total funds brought forward 195,8401 10,904,211 10.808,371 11,037,538 Totsl fund8 carrled forward (263,910) 10,717,917 10,454,007 10,808,371 The statement of financial activlligs Includes all galns and 105ses cognIs8d in the perlod. All income and expendibjre derives from ¢onllnulng activllras. Delall$ of comparallve figur8$ by funds are disclosed in note 18. 14
Bernie Grant Centre Partnership Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible fixed ass&ts Invèslmenls 10,596,626 1,078,094 11,874,720 10,878,601 1,334,259 12,212,860 Current a3sets Debtors Cash at bank and in hand 140,978 373,278 162,759 65,432 514,254 228,191 Credltorn: Amounts falling due wlthln one year 10 (605,4331 1433,146} Net current a88ets (91,179 1204,966 Total a88ets18ss current Ilabilitse8 11,583,541 12,007,905 Credltors.. Amounts falling due after ono y•ar 11 (1,129,534) 11,199,534) Not Assets 10,464,007 10,808,371 Capltal and re8eN88 Restrioled funds UnstrIcted funds 10,717,917 1263,910) 10.904,211 195,840) 12 1 ON54,007 10,808,371 The financlal statements have b88n prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and are for elrculalion lo members of the company. The financial 8latemenl8 were approved by the Trustees on 11 Decembef 2025 and signed on their behalf by.. Charis Thomas Trusteo Company number 04528346 15
Bernie Grant Centre Partnership statement of Cash Flows forthe year endod 31 March 2025 2026 2024 Net incompJ(expendliure) for the reporting period (as per the Statement of Financial Actlvltles) (354.384) (229,167) Adjuslrnonts for: Depreciation charges Investment income {Increase)Idecrease in debtors Increasel{decrease) in creditors (G8ins)1105ses on investments 281.975 (38,376) 21,783 102,287 56,165 287,790 {37,579) (29,010) 45,773 (114,743) Net cash provid8d by (usgd in) operatlng actlvltles 71,470 (76,936) Cash flows from Inve3tlng activities Investment income received Sale of investment assets Purchase of red asset8 36,376 200,000 37,579 50,000 (37,630} Net cash provlded by lused In) Investsng acllvltl88 236,376 49,949 Net increaselldecroase) In cash and cash equivalents 307,846 {28,987) Cash and cash equivalents at beginnlng of year 65,432 92,419 Cash and cash aqulvalents at end of year 373,278 65,432 16
Bemie Grant Centre Partnership Notes to the accounts for the year to 31 March 2025 1 Prlnclpal g¢¢ountlng pollcl 1.q Basls ol prèp&raiion of Inanclol sttslem•nts Th98ef1n8nal 8t8temgnls h$¥& been prepared under thottblorfoal co5trorwenlk)n In accc1dv the Stgtementof Recommend Pra¢lic8 for CharfUe3 ISORP 20151 IS8Gond EdOn. effecdve l J8nu8ry20191, UKattcLwntlng sland8rd5. IrludIng'F1anG1 Repong Stalldar(5 102 The Ftrn¢lal Reporlw StBnd8rd 8ppllcable In Ihg UK arl Republic ol Irfrland. IFRS 1021 and IheCompan1&8 AGI 20C6. The ¢h¥rftyrnegts Ih definiUC ofa pubnc benèfft etyUnder FRS 102. 1.2 GoIngco¢orn The Trus$ cOnder thatlhs pTrpardUon ofthe qcrx)untSOn 8 golng c4nGem 8pwwlate. Thè tharftylsd8ptrndènl UPDn grant InGomo. Ich 1$ subiact lo Gon00r8& uncqriairtw. trlowever. th8Tru$te6s con$idèrthalthe ehadty8as¥et ba38 would b8 suffiLYentto prwd• scJJthtyto th6 charttyto obloin loan thanc8 In lh6 8venl Ihal Fthllional Iul¢jIlYW5 reoulrèd to meetoparafjry nows. R•¢dpt oflh&Tham&s wterr Inoome aB8 lumpstsm h88 prowd•d •ddl11•l ca8h r8sourcF$ ta conunue opgraik)nsas a going ¢tyKern. Thp Twsia6s con1nllY monitor lh8 financknl positi'm ofthe GhaL8o Gomp8nyand Broth5fied thii Itwin Clinu• to be BbL9 Ic mg Ils ongnlng Ilnblltiès a6 ihBy fyll dug. Thè firAnclol ststernents do not Include any BdIuBlrnl5 vthlch would 8rls8 frorrt Its follura lo mg91 foror•Bts gnd toopernte 11 lis 8grqed ffin8niefaclh'ties. The TruBlb8S belleye Ihere be no materjal Uncern1193 atIn8 aNlilyof Ihechprftyto (xinllnuè 888 oolng conGWm. 1.3 Judgm8rnt•4nd kgy tsoure89 ef •ImatIOn unc•rtplnty The wopBrÈlion of flnand81618ifjmBnLS In compllan¢fywilh FRS 102 r8qulm Ihe UBe Df etrtaln crlU¢81 Èceounllng 881•9. n 8Ls0 requlre• managem•nlto oxerdse ludgmgnl In Bppiwno lh¢ Charfvs attwunllng pdi¢s. Tha kayludgemenlo IhBI h8¥e be6n appliod bymN0•Mllt rdato io.. . Eeon¢mk us•fvl Iwe of lènglblé Ilxqd assgts is relectBd In Ih•depreclaUon rit•¥ •ppll¢d dI$58d In aCntInG pallcyntste 1.8. * AIIow8nr.ef¢rdoubllul re¢elvablo8. Al •8ch reportlnB dts, Iha Ch8rftye¥luate¥ the recoveiablltyol Irado rOB¥SbIal and record 8lbw3rKes for dovbtlii1 r8C8Iv4blei bAsed on experfenco. Thès&aNoMwnces are bH6thY on. amongyioth8rlhln, a conSerOn of aclual eollecllon hL¥lory. Th8 8clual level af rqc8iv88$ cdleti6d may dlff•r trcffj thB eJllmRlfd18vds ofrqc•very, which could Imp&cl op•r•llng re8uItS ll1V9 ry #¥¥1Y. IA Fund aceountlng Gttftaral fund$ ara unr•$trl¢t•d tyn¢$wNch 8ro 8vallable fDr atlh? dcretion of Ihe INste8s in furtherance ol thD genBral oblecuvas of Iha ony ortd whlch have not b8&n d&slgnatsdlorelh•r purposes. Re$irf¢t•d lund8 8re fJnd8whlth lo be used In 8CcDrdAncèlh 8pBdfK r•stsl¢llon• Imposed by donors whlch h8ve beén r8188d by th• txmpttny far partkulw pu05•$. Th• ¢MI cl ra18ing and ¢drnlni51orfna such ftjnds Charged againillh¢ whlc fvnd. ThB 8im and ofèach rosirlcted fund Ss s81 oul In the not8& 10 th8finandal st•i•m•nts. 1.5 In¢om• I Income Is IndUd In the Slat8rfnl of NnDncknl A¢1186 Yth•n ihe ¢wpanyl8 Ul18d101h8 Incom8,1115 probabl8 tha¢lh• InMma wlll be roclved end It can be measured r9119y. Le8s0knccrnp froTn ap8rÈiing18ae88 Is r09•d on 8 81r8lghl Ilne b#olb ov8rlh8 has8 tern. Whwe 8ppllcat4•, h•se Inc•nllvM ara Tr¢Lgn188d •• ? redudlon tolnGome over Ih&ieos8 temi on B s1r8m Iln¥ b8si$, Inve¥tm8ni Income rel8ie5 10 inl8fÉSI and dlvldtrTNJ ••mln>s Irom Ihe chartt¢s InYeatm¥nl In Lhe COIFChartl8s Inv•sOntFknftd 4drnlnl¥t8rqd by CCLAFund Mana9ers Llmlted (see 8 bebwl. The diend Incom¥ k r•¢ollnl$8d al iho 88rlerof thè daiewh9n th8 ehaAII8 iighl t¢ r¢¢olve payment ly ostabtsh•¢ ry Iho dateof¢R8h recdpl. 1.0 Exp•ndltur• All oxpet*llure Is acetsuniad for¢n an a¢¢Fuals basb Rnd h8s b88n Included under8xpense c&i&gorfe8 th¥1 gele&ll cosi8 for 8IIocaiion to
dvltt&8. Yvhere Cannol LO paruculw aclNIUes thgy havB bo8n alkic9tFdon a baolB cOn$tntW1th th* use of the
ro8ourc85. Chafil&ble BMpDndibJr& cemprfe88 acflvlU•s undértaken whl¢h are dlr8clly entI17)I9 aB ormalnly In support ol tho Compwrf8 obJe¢lve8. Supwrt CO? ar• Ih¢s¢ ettls IhMI 88sllhe work of ¢harlly butdo not dlreclyr8prD5•nt¢h¥rhable8cUvllle3 4nd Include 9dmin1sUon 61aff ctssl. Off1 c05tand finance. Thelr allocation kn a¢11£5 arobased on flDN area. Govamanr w5ts•re IthBecuBts inmed In ¢onne¢bon wAlh slrBtagi¢ arsminlstralion and mplI#r* ¥th const]tu0rna1 Bnd gIttiUI0ry reuulrémenlB. l.Y 0p8r8tlng1oasos Rènlals 8prAl¢aNe 1¢ cperattng le88gs wheré $ub8t8ntlallyall of IhB bEn8rrts and rfsks of DWlShIP remsln th tha k95sor arp thBrged Lo Stal¥rnentof Flnanclal Actiwtias as In¢uwed. 17
Bernie Grant Centre Partnership Notes to the accounts for the year to 31 March 2025 1.8 Tanglble Ilx•d os$ets and dèprètlallon Jl assets Gosling more ibBn£1,O( are C1$. st8 Incurred to date In thèd8velDpmentof Ihe BBrDifr GrantM& Centrpha¥e bBen cwit8li8gd a5 loryJ ¢ern leasehold propwty c0515 and 8rnrlisBd over62 r8 from 1 O¢iobw 2013. Depradaiion Is ptt>vid8d Bl rBt88 ¢olculated lo wlllB off IheGost of ftsed B569b.18ss lh91rll¥10d TeS1du value. over 0xpocl8d usofd lives FumNuro and fithws. Tachnical equlpmenL Compul8rs- 25% 8lrafghl Iln& Long leasehold picyerty- oveF52 y8ars 1.9 InvBslmBntS Flxed ass•tlnvestm&nls 9r0 8 foryn offfinandal in8truments and wg 1nllolyrocogn180d èl Ih8lrtran¥aciE¢n cost Su4un1lY mÉa¥ur& altair value at the Balance Sheetd8to. unless IrVle cannot be measured rèliably in whlth ca88 1116 Tne8surBd 91 GDSt ImpHlrnenl. InvBBlmBnl galng And b¥¥e¥, vththerreoll¥gd or unreallBed. are Gornbinld gnd 5hoYm In the headlno"GalTh9lUoMI on Inveihnenla" In lh6 8t8tementof nEnclel a¢UvlU95 InCporating inCe and 8xp8nolluT8 BcGounL 1.10 P•nslon¥ The cornp8nyopeTrtes B donned tlAbuOn penslon Jrh•m•. Conlrfbu11on5 payable forth8 >arar8 charged In Ihestatornl OfFIn¢1)I AC1103. 1.11 Fln#n¢lil In*rum•n Tho chBrMy has Onlyfin8n8l assots and 1lpb511les of 8 klnd that qualtfy8$ba5 finAnd81 Initrum8n18. B9$tInlI In$bYmts ¢r¢ Inlll•lty r8colln159d at Iran58cbm valuo And 8ub¥¢oY•nUysllgasur alth91rgoitfementwolue. 1.12 T•xAtlo+n rhe CDmpanyla a rlter9d charfty and Is nol subJg¢t to ¢tyPrygl¢n tsxon Its Arr•nl •dvM•s, 2 Grants & donatlon¥ 2026 2024 Jts Cmcll WJmcr Musb Group Poul Hamtyn Foundauon The Berfng Found•¥¢n Llnklaler8 FrO0ndS Fwndallon London Borough olHarfngey DCMS I ChUh Urban Fund Talaw8 Theatre Company Nallon81 Youlh Theatr8 Other granis ond donaUcn8 307,000 198,612 115,500 16,000 15,000 10,000 3BO,023 88,000 60,Q)Q 98,348 40,(KIO 22,474 22,474 1,278 610 e62,722 732,597 3 Hlres, tsox offl¢e and ¢atorlng Incom• 2Q25 Hlro¥ Irthme Box oflc8 r8celply Café IncDme 224,070 14,889 29,117 207,079 YJ,80b 20.714 266,078 251,599 4 Rental and othèr income 2025 2024 Eniory)rfae unh ronlèl Thsrlles Wgler renlgl C&r psrk Inwtne Oth 78365 47,000 23,791 22,809 70,937 37,917 18.130 18 171,985 127,002 18
Bernle Grant Centre Partnershlp Notes to the accounts for the year to 31 March 2025 S Expendtture Unr•8trl¢t•d R&8trlet•d lund¥ Total funth Unre&trl¢tod Rg8trlctsd fun¢L8 Total fund5 2025 2025 2026 3024 2024 2024 Chorltablg advltlqts 288.832 258,011 289,145 81.963 54.731 343,383 258,011 289,301 92.910 281,975 245,623 130.411 289.988 21.505 85,214 25,762 43.660 211.824 288,677 281,037 156,173 333,657 233,329 28B,861 14,783 184.847 CSuItants & treeTanTr staff Prernise5 Programme DBprvGlation (Mher dlyect cost Support w$ts T)ial eharitsbfé acuvlt• 1S6 30,950 281,D75 14,783 161,814 113,681 58,oea 171 789 23,03? 1.011,432 425. 1.437.338 8e4,508 e28,179 1.492,687 Tolll •xp•ndltur• 1.011.432 425.9DO 1,437,338 0,58 028,179 1,4BI667 Supportcoits Gov•rnaKg Gov•m•n¢• lunetion 2024 Gw•rg1 Jupport 2Q25 Total Total 2024 2025 2025 Stsff CmHuItBnts Le9 & profasslonal Audll fee OMCB & edm191r11tsn 9,110 2,300 57,173 86,283 2,300 34,132 4,600 27.750 20.921 15,883 8,437 1.494 02.340 70,797 1,494 41,980 4,500 38.208 1S.105 14,763 34,132 41,980 4,500 4,SOO 11,295 27,750 20,921 15,883 24,913 15,105 14,763 0lh8r 15.910 155,859 171,769 25.746 159,101 184A47 pport coals h8V8 been allooalgd a& folkwés.. cLIble Btstiviti88 labovel 171.769 184,647 171.769 184,847 6 Staff co•t8 2Q20 a4 Gros$ waoag und lrI•l Emph)ye¢6 nOonal inswart• Emp5 pemlon ctsnlribullon 365,390 33.338 10,918 315.630 27,529 8,676 4Q9,e46 351,834 Thè av8r8p number of BmployeBs durfng the pertod was Thg 8VW89g number of full Ilrne Bqulvdent BM0>$$ durlng Ihe w8 The tolal rernunBr811on fork m8nagemenl per80nnelwss £,DO012024.. E60,0001. The number of stFwho6e amUMents wpre In px8 of £6a,oiK) during ihejearwarn 85 folk)ws'. £60,001- £70.OW 2Q25 St8ff c05t8 havobqen anaty8ed a. ChartiabIeactitlES SuppDrt CDEI¥ 343.363 66,283 281.037 70,797 4Q9.646 351034 19
Bernie Grant Centre Partnership Notes to the accounts for the year to 31 March 2025 7 Tanglble flxed assets Long4•wm 194sehold property Furnttu fittlngs Hnd •qulpment Totsl Cost At 31 Marth 2024 Addluor 13fi01,984 365.199 13.967.IB3 At 31 Mgrch 2025 13,801,984 3es.199 13.7.183 O•pr•clatlon Al 31 Mar¢h 2Q24 Chargo forlho period ?.775.082 28o.8e9 313.$00 21.08e 3,088.682 281.B75 131 Merch 2D25 3,035,971 334,586 3.27Q.557 Nat BookValu• Ai 31 Maich 2025 0,6fj6.013 10,82&.902 30.613 10,596,e28 10,878.e01 At 31 Marth 2024 61,899 8 Invè8tm?nts: Ihled BecurfllBS 2025 2024 At 14)rf1 C8pllal wllhdrawal R8valuallon 1,334,259 1200,OODI 158,1651 1.289,616 150,0001 114,743 At 31 March- markBlv4lue 1,078,094 1,334,259 Thè cherllyhdds 55,341.93 Inturno unlts In the COIFCh8fitl8s InSImentFUnd a¢mlnl$lerod byCCLA Fund MBnagtrrs Llmlled. Al Ih•8t8rt olthoyearlhe ¢h•rliy h¢d hèld 8S.300.51 Income Unl In Ihesamefund. OurfrvJ Ihe ar 9,958.58 urtis w•r¢ $old In ordor lonVert £200.QOD lo worklng Ca1]. 9 D•btor: arnwnt81alllrs du•wllhln on6 year 2025 rrade deblor8 PrepBympnts & Bgtrubd Income 138,S78 7,400 71,443 91,316 140,976 162,789 10 Credltorts.. amounlB falllng tkjewrfhln on8 2025 2024 Tr8de r.rodNtr D?leTred inwme T8xallon s¢Kio1 seuJrtty¢ost AGcrual8 Oihor LY¢dllers 330.OS7 88.014 27,880 58.842 1M.631 72.912 53,61fj 87,430 1,900 23,28 605,433 433,146 Summary oFMov•montB In year on dotsrrod Incofflè 2025 2024 Balanctral fj Apr eaSed in yoar Oeferr8d ID yaBr 53,616 163,6161 88,014 92.561 (92,5611 53.616 8al4n¢o D¢ 31 Mar ,014 53.616
Bernie Grant Centre Partnership Notes to the accounts for the year to 31 March 2025 11 Credltor8'. 8mtsunl&elllng due arièronè ye 2025 2024 Defotred Incorne. Thames W8t8r rental In¢0e InrAe 131 Acerued &YPbnse- LBH 50% share ofThomB# Waier rgnlal knGom8 584.767 564,787 $99,7e7 $99,707 1,129,534 1,199,$34 12 Movemgnts In funds 8010n¢eo1 31kn24 Galnlfloss) o IRvostnton(• lrt¢¢m• sPd 31-M8r.25 R•$trietéd Fund• xed Assets Space lo Draam B•rfni$ Wamar Unklalor 10.D78.601 19,603 fj,007 1281.9751 (20,9861 10,596,626 8,615 8,526 89.150 I3.(KIO 10,000 16,000 198.e12 Is.000 1109,4621 10,W4,211 239,e12 1425.9061 10,717,917 Uxr•¥trictpd fwndg ¢Irallnds 195,8401 899,527 11,011,432) 186.16SI 1283.9101 195.8401 699,527 150,1651 1283,9101 TotDlfund¥ 10,808,371 1,13P,130 11,437,338) 156.1851 IQ,4S4.Q07 Fun< Flxad Atsseis Purpo&0 Th15 fund repreuenis Ihp not bookvalue olflxed a¥¥el¥, When such a55815 ar• purch888d th8 osl 1$ tr8rffjferre4 Inio Ihelxed È88al$furKI, and tblurè dtrprÈ¢l1Oft Is charged lotho fund. Th18 tr•alm8ni enxiJriL4 lh8 charfly Sats th8 ld8 ngqded to covgrfulure depreclallon whlch wtsu olherwlse be a drain on unrestrlotFd fundw In >parg ehe8d. Fundlng fiom The FIpe1&rs Found8ts'on io support a rolung yogr8rnmg ¢1 p•rform•n¢••rf •nd oxhlblll8 8tthg ¢•nir•. Sp*ro to Dream Barin95 Agr4nl loco-fund tho ¢h)rfWs Inv•sim•nl piothchg oivJh818rf1811c mal8rf81 & progr8mm88. Wam•r Grant fundlng lo eslatqlsh Ampfify. all8pshlpmuulc8rtlJtdgveloprrEntprogranfor underr8pre¥onl•J mutsldBnB donation of E15,QOQ forlb8 Ignlte pllDlpnyarnmpfoslerfng Innovguve, rnulldi8ciplinary¥rtby Unkl818re
Bernie Grant Centre Partnership Notes to the accounts for the year to 31 March 2025 Balancè81 QIApfv23 a1¥058) on irtvestment• B•lan¢¢At 30-Mfyr.24 Incom¢ Spend rransf• trIGtod Funds Fixed Aseets ACE Ca181 Cullure Tott8nham Lltgralurè Fastfval Wlndrush SpgcB to Dream R•filw& 8arthg5 11,128,761 1287.7901 1683771 144,0821 P4,e031 157,0181 1002971 182,9191 12,98¥31 37.830 14,6461 10,878.e01 73,023 44,(2 1,428 S3.757 80.0 46,548 23.175 3,261 10,603 86,373 9.OOQ 8,007 11,137.761 298,a35 1628.17DI 95,784 10.004,211 Unr••trlcted fundi Ganeral funds 1100,2231 849,942 1864.5081 195,7941 114.743 195.8401 1100,2231 849,942 IB64,5Q81 195,7941 114,Y43 195,fi4ai Totalfunds 11J,806.981 fj.148,7TI 11492,6171 114,743 10.577,814 13 Tham•8 Watgr rgntal Incom8 On Y July 2017, Bernlg Gr8nl Cenlr& Partn•rihlp ined e 2S y84Tr leasewlth ThRm05 W8terUlllllkB Llm5ted forlh&oktrBBUon ofwaterlrom11s boreholp al an &nnual ren181 of £70.QQO, wlth Ihè opllon of Ihe rDll8dP ranlal belng p8ld 88 a lurnp sum.ThIN (ption was er¢Ied on 1 D8cember 2017. Th? rent81 due In the fflext flnanGlal yegrla shown under cr¥dllorBéu6 in16ss Ihan one year Inolo 10 •bo¥al 8nd th• b31unre b shown under rxgdilots du8 In rnor8 Ihan on• #r1Dt• 11 bl. Und•1 a Il¢¢n¢g 8gre8mgnl dated 4 July17, Lorvjon Borough ofHanyara 6nttU8d lo SO% of the r•nt•l h¢¢m8 fKm 2022. bulln Ociob8r 2021 IhlB amèndod when LBH 89re8d iowalv• Ih•lr •nUllam8nl lo Ihls Incorne unlll May 2023. 14 Rglat9d party tran88¢tlon Haringoy Counrll IB 8 mbmber ol 8wTrle Grant Partner8hlp IBQCP). Duthg th• ye•r council m&dE grgnls io U)• charNy ol£nU12024..£98,3481 Amounts Qwed bylhe Gharftylo Ihb Coun1 are dlscio¥8d In not• 118nd eX1ned In rtot8 13. F¢Yrner CEOIAFU$lk Dlrerlormeb Pool Is al80 8 dlroclor tsf Th• London Inlomational FegUv81 of ThgBlrp Lited WAD fBnled space from tha ¢hgrfty In one ofthe ctntre'$ EnlBrprl¥e Unlts up lo and Includlng March 2Q?S. Thtt rttnl wdj £425 plus VAT p¢m. An amount ot£20 was ou19tano9 al ar8nd, and w88 peid in Aprll 2Q25. io Tran8actlons wlth TruBt• rhe charily dld not psy to Its InJst•8$ inyr•mun•r8llon durfng the rd12024.' £nill Th ohBrfty FeSmbur&ed travo18xpensos ¢f£305 f¢r¢ne 12024.. £nlll. 16 D•bgnture and chargeg The Charfly CornmiB5ion h8S 8pwoved an Ordw aulhorlslng Bwnltr Gr8nl Partner5hlp ta tr Into thèry88 snd dgb&niures Inf8vour of IL8fund•rs lo PrOde aeBurtyforthp r9pByfnEl Df grÉnlfundlw In tho of Suc* fwdlnq bo¢¢mlng r•payÈbYe, Inwhol•er In P8TL urLdorlhe tem6 of tlle grsnl, 8$ folths.. A debenture favcurof The Mllennlum Comm188lon datsd 13 S¢pl¢Mbor2005. ov¥rfvfre8hol¢ IBBsbhc4d Inlerests ID propertyhdd by BGCP. A fixHd Iggal chgrge ofthB BBTnle Grant Clre pr4)ertyal Ye Raad Town H811 Apwoach Ro8d byw•y of4greomant dalBd 23 Decembèr2Q041rn favour of Ihe London DBvdopmontAgency. Thè funders have 8918ed Ihal ell the89 thary98 rankequBIIy.
Bemie Grant Centre Partnership Notes to the accounts for the year to 31 March 2025 17 Anaty81s of net assets betrrnen funds Un¥ostrletad Fun Totalfunds Ftm¢ts 2025 FI a8S8ts enl assets r9dllors.' arnountsfalllrvJ due lIhan one yè8r Cr6dknr8'. 8mountsfalllw duB after on•)Yar 1,078.094 3B2,963 1é05.4331 11,129,534) 10,W,626 121,291 11.674,720 514,254 1605.4331 11,129.5341 Net¥*•Ot• at 31 Mar¢h 2025 3.#10 10,717,917 10,454,007 Untsslrld¢ Fun¢ts folalfun(ts 2024 Fun(ts Fd 888ets Currenta8sots CrgdlloKS', aoUnt5 falllng due w1[n on• yoer Credltorn.. am¢)Lnl• f•lllno du• aftsron8 wr 1,334,259 202.581 1433,.14ei 11,199.5341 10,878,601 25,610 12.212.860 228,191 1433,1481 11,109,534) N•i41111• at31 2024 95,840 10.004,211 10,808,371 18 Comparatlv8 Stotsm•nt8 of Flnanclal Aellvltlgs Unre8trlcted Funds Re•trlctod Fund• 2024 Totsl Fund8 2024 Incorn• Grants 8nd donalony Hlres, ly)x office and calerfno Rental and other inco Invgslment Sn¢Thme 433,702 251,599 127,002 37,579 298,835 732,597 251,59e 127,002 37,$70 Total Incomè 849,942 298,835 1 148777 Expondlturg Charitable actlvllle? 864,508 626,179 1,492,887 Total expondlture 864,508 628,179 1,492 $87 In¢¢)m& Ilgxpgndlturel belor• 114,se81 1329.3441 {343,9101 Unr88118ed movem•nti on Inv6simwts 114,743 114,749 Nèt lrt¢om• I Ipxpgndlturel 100,177 1329,3441 1229,187) Tran$fvrJ bptween fund• 195,7941 95.794 Not movement In Fund8 233,5SO 229 1e7 RgGon¢lllatlon of Itmd8 Total funds brought forward 11 OQ.2roi 11.137,781 11.037,538 Total fijnds carrled forvmrd 95 840 10904211 10 808.371