The South Asian Decorative Arts and Crafts Collection Trust Report and Flnancial Statèments For the year ended 31 July 2024 Charity no: 1137415
The South Asian Decorative Arts and Crafts Collection Trust Contents Page Legal and admin istrative information Report of the Trustees Report of the Independent Examiners Statement of Financial Activities Balance Sheet Notes forming part of the financial statements 9-12
The South Asian Decorative Arts and Crafts Collection Trust Legal and administrative infomiation Trustees: Dr P A Millward Dr E J Millward Prof J Mack Ms S C Wilson Prof C E Harris Mr Alec Cumming Principal Office: The Old Skating Rink Gallery 34-36 Bethel Street Nomich NR2 1NR Independent Examiner: l A Barlow FCCA Sexty & Co 124 Thorpe Road Norwich NR1 1RS
The South Asian Decorative Arts and Crafts Collection Trust Report of the Trustees for the year ended 31 July 2024 The Trustees present their report and financial statements for the year ended 31 July 2024. Constitution The South Asian Decorative Arts and Crafts Trust is a registered charity governed by a Charity Trust Deed. It was registered as a charity on 11 August 2010 {Charity number 1137415). Trustees The names of the Trustees who seNed during the period and up to the date of this report are set out on page 1. Appointment of Trust8es The Trustees are elected according to the governing document. Objectives and Activity for the public benefft The objects of the charity are.. the advancement of education for the public benefit in the everyday arts and crafts and cultural items of South Asia and its neighbouring countries by establishing and maintsining 2 collection of such arts and crafts and related pictures. to provide travel and educational scholarships for the study of South Asian arts and crafts and culture and to help fund similar exhibitions elsewhere. The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charity's objects and planning future activities and setting grant making policies. The charity carries out these objects by providing grants to projects in the area in which it operates which meet one or more of the objects as described above. Review of Actlvlties ndis Dhokra crafts- an introductory display of dhokra objects to showcase the ongoing research project on Crafts of Odisha. New acquisitions case- On display are a selection of new acquisitions such as Ganj paintings from Madhya Pradesh and Sherpai (grain measures) from West Bengal. A Festival of Dolls- an inlerpretation of the Navratri celebrations in South India using a variety of figures from the collection Unity in Diversity. I ndonesian Woodcarving Journey.. 1979- telling the story of the beginning of The South Asia Collection with a joumey to Pakistan in 1979 Continuing Traditions." Textile crafts from Kachchh - A display of textiles made using the craft traditions of embroideries, roghan painting, and bandhani. 18th and 19th Century Eumpean Artists in South Asia- a display of paintings and prints by European artists, William Hodges, Thomas and William Daniell, James Atkinson and Emanuel Andrasy, travelling in South Asia in the 18th and 19th century.
The South Asian Decorative Arts and Crafts Collection Trust Lahore Copper and Brass - copper and brass objects from the Lahore bazaar. and the story of the bazaar in the late 1970s Tree of Life.. The Art of Woodcarving in Swat- introducing the art of woodcarving in Swat. Pakistan Experiments In Pottery." A Craft-Design Collaboration . This display showcases pottery associated with the Bombay School of Art in India, and the Mayo School of Art in Lahore. Art alle Collections, Collaborations, Contexts.. Stories of vernacular furniture and everyday objects from north-west India An exhibition resulting from the Vemacular Furniture of North-west India project. On display are examples of fumiture and everyday objects in the collections combined with photographs from the fieldwork. A new TV screen has been added to this area to showcase some of the audio-visual materials from the research. Research Vernacular Furnlture of North-west India (in collaboration with DICRC, CEPT University, Ahmedabad). The final book in the series. Smarya: Vernacular Furniture of Punjab and Haryana co- authored by Mansi S Rao, Ben Cartwright. Jay Thakkar, and Abhishek Ruikar is completed. We are now finalising publishing procedures. The Raj Bmthers: Data analysis from the first field visit has been completed. Research contacts from the family visited Norwich to look at the paintings. Plans for an exhibition in 2025-26 are underway. Crafts of Odisha.. The first draft of the short film being produced by Alec Cumming and Annie Woodman is ready. We are working on the post-production and will be completed by the end of the year to lead up to a new display. Following in the Footsteps of James Baillie Fraser. Michael Lidgley has written up his account of the research. He intends to publish the material on the basis of his own research and opinions. This completes the scope of the project by the Trust. Archives of John Nankivell.. We have purchased a total of 81 drawings by the artist, John Nankivell that he made in Himachal Pradesh in the 1970s and 80s. Together with his archive, this will inform further research on the subject and his works. Grants EMKP Application: We have been awarded the Endangered Material Knowledge Programme Grant for a project, 'Documentation of building crafts in kath-khuni temple architecture of Himachal Pradesh. to be led by Jay Thakkar with Michael Lidgley, Rahul Bhushan, and Sonali Gupts as the co-applicants. The SADACC Trust will be the Host Institution for the project. b. SHARE Museums East, Towards Net Zero Carbon Grant: In January 2024, we were awarded a grant for £1947 by SHARE Museums East, the regional Museum Development Team. for Building Energy Audit to identify how the building can become more energy efficient and reduce carbon emissions. The audit and subsequent report was produced by Dr Russ Layberry of Pilio www.piliogroup.com and provides us with practical steps we can build into our future planning. As a result of this grant, we have also prodUd a short Environmental Action Plan for the next two years.
The South Asian Decorative Arts and Crafts Collection Trust Research Visits a. Visit to Ahmedabad and Kutch to complete research project and visit textile craftspeople in Kutch who have been working with the Trust. b. Two visits to the Ancient India Iran Trust to research the archive of Penelope Chetwode, the wife John Betjeman. Collection Accreditation." In July 2024. Arts Council England confirmed we were eligible to join Ihe Museum Accreditation Scheme and we are now officially Working Towards Accreditation. This enables us to receive free support and training from the regional museum development team (now Museum Development South East www.mdse.org.uk) as well as wider access to grants within the museum sector. We have 3 years to submit a full application to the Arts Council. Database management. 652 new collection items have been added to the Modes database, of which 241 items were donations from the public. There was some backlog to catch up on, including a previous large donation of Indonesian ikats, which accounts for the high number of new objects added to the database during this period. 26 objects were donated trom 14 different individuals. Envimnmental monitoring: We have reintroduced the monitoring of data loggers and pest control systems. Dlsplay. Labelling project- 75 new labels have been installed in the gallery areas which incorporates the new standards for label writing. Activities and En ements a. Heritsge Open Days We organised two events for the Heritage Open Days 2023. One was a talk by Philip Millward on the history of our building and another was a curatorial walkthrough of the vernacular furniture exhibition. Both events were well attended and well received. Our events were also presented as a case study by the Heritage Open Days team. b. Visit by Intemational Association for the Study of Silk Road Textiles {IASSRT)- 15th October 2023, Sunday We hosted a welcome reception event for the attendees of the Intemational Association for the Study of Silk Road Textiles (IASSRT) symposium. The symposium was organised in collaboration with the Sainsbury Institute for Ihe Study of Japanese Arts and Cultures by Prof. Susan Whitfield and Prof. Simon Kaner. There were 60 attendees in all and we put on a display of unique textiles in the collection. East Anglia Art Fund (EAAF) - Members visit- 27th March 2024 The Curator gave a talk, titled 5 decades in 5 objects. as a way of showcasing the history of the collection and our current activities. It was attended by 40 members of the EAAF. d. Visit by the Royal Asiatic Society (RAS) Members - 24th May 2024 The Sainsbury Institute for the Study of Japanese Arts and Cultures (SISJAC) was hosting the RAS members as part of their 25th anniversary celebrations in Nolch. We organised a reptIOn evening for the RAS members and SISJAC'S guests from Japan. e. Norfolk Museums Trainee programme - The trainees on the Norfolk Museums Services Training Programme visited us as one of their case studies. The Collection Manager led an interaction session with them to share the methods of collection management and collection- based projects we undertake. South Asian Heritage Month - We set up a display of objects from the collection at the Millenium library at Ihe Forum in Norwich as part of a collaboration wtth them for the South Asian Heritage Month. g. Other group visits.. We organised a total of 7 group visits apart from the ones listed to various groups from across the country.
The South Asian Decorative Arts and Crafts Collection Trust Staffin a. Hannah Bentley has joined us as the Collection Manager starting 4th September 2023. b. UEA student placement.. We hosted a student from the MA Cultural Heritage & Museum Studies course, University of East Anglia. This involved 15 days placement over a 4-week period. The student digitised and catalogued 244 photographs and maps from the supporting archival material donated by John Nankivell. Reserves Policy and Risk Management The reserves of the charity are identified as unrestricted at the period end. The unrestricted reserve is available for all donations and costs of running the charity. The trust has a policy of maintaining a level of reseryes sufficient to generate income to cover expected expenditure for the following elve months. Internal risks are minimised by the implementation of procedures for authorisation of all acttvities to ensure consistent and quality delivery for all operational aspects of the charity. These procedures are periodically reviewed to ensure that they meet the needs of the charity. At the period end the reserves were as follows: 2024 2023 General Reserves Totsl Reserves 2,376,280 2,376,280 2,195.649 2,195.649 Risk management The charity monitors its risk on an on-going basis and has ensured both policies and ftjnding are in place to mitigate those risks. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019 This report was approved by the Board on as10112S Dr P A Millward - Trustee
The South Asian Decorative Arts and Crafts Collection Trust Report of the Independent Examiners to the Trustees of The South Asian Decorative Arts and Crafts Collection Trust I report on the financial statements of the Trust for the year ended 31 July 2024 which are set out on pages 7 to 12. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examin8tion I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examSner's statement Since the charity's gross income exceeds £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confim that l am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants. which is one of the listed bodies. I have completed my examination. I confim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act; or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 olher than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. l A Barlow FCCA Sexty & Co Chartered Certified Accountants and Registered Auditors 124 Thorpe Road Norwich NR1 1RS Date: 23 Z•gZS
The South Asian Decorative Arts and Crafts Collection Trust Statement of Financial Activitiés (including summary income and expendlture account) for the year ended 31 July 2024 Total 2024 Total 2023 Notes General Incoming resources Incoming resources from generated funds Donations Rent Investment Income 13 100,000 12.000 38,924 100,000 12,000 38.924 168,180 9,841 42,925 Realised profit on disposal of investments 140.382 140,382 17.577 Total incoming resources 291,306 291,306 238,523 Resources expended Investment Management Fees 7.503 7,503 7,737 Other costs 83,446 83,446 62.665 Total resources expended 90,949 90,949 70.402 (Loss) l Gain on revaluation of investments 19,726 19,726 18.265 Net resources expended including (Loss) l Galn on investment5 Net movement in funds 110,675 110,675 88,667 180,631 180,631 149,856 Fund balances brought forward at 1 August 2023 2,195,649 2,195,649 2,045.793 Fund balances carried forward at 31 July 2024 2,376.280 2,376,280 2,195,649
The South Asian Decorative Arts and Crafts Collection Trust Balance Sheet as at 31 July 2024 2024 2023 Notes Fixed assets Tangible fixed assets 586,038 556,126 Investments 1,688,607 1,626,531 2,274,645 2,182,657 Current assets Cash at bank and in h8nd Other debtors 113,276 980 114,256 14,579 2,077 16,656 Creditors 10 12,621 3,664 Net current assets 101,635 12,992 Total assets less current liabilities 2.376,280 2,195.649 Funds". Unrestricted funds General funds 2.376,280 2,195,649 Total funds 12 2,376,280 2,195,649 The financial statements on pages 7 to 12 were approved by the Trustees on Ic•1 1.1 and signed on their behalf by.. Ec4l Dr P A Millward - Trustee
The South Asian Decorative Arts and Crafts Collection Trust Notes formlng part of the financial statements for the year ended 31 July 2024 Accounting policies (a) Basis of preparation The charity conslitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordallce with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011. and UK Generally Accepted Accounting Practice. (b) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. (c) Incoming resources All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies. entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed lo the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Grants, including grants for the purchase of fixed assets, are recognised in full in the SOFA in the period in which they are receivable. (d) Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate 311 costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at headquarters. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and stalutory requirements. {e} Tangible fixed assets Exhibition and d is ment Equipment is held for charitable purposes. Depreciation is provided in order to write off each asset over its estimated useful life using a 20 % reducing balance method. Herita assets The Trust's collection of arts, crafts, furnilure and textiles is reported in the balance sheet at market value. Valuations are reviewed annually by the Trustees. The collection pieces are deemed to have indeterminate lives and the Trustees do not Iherefore consider it appropriate to charge depreciation. Preservation costs Expenditure which. in the Trustees, view is required to preserve or clearly prevent further deterioration of individual collection items, is recognised in the Income and Expenditure account when rt is incurred. Investment ro ert Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in 'gains l (losses) on revaluation, in the Statement of Financial Activities (SOFA). Further infomiation on the collections is given in Notes 9 and 10 to the accounts.
The South Asian Decorative Arts and Crafts Collection Trust Notes forming part of the financial statements for the year ended 31 July 2024 (fj Investments Investments held in listed shares are shown at fair value with any gains or losses on revaluation recognised in the Statement of Financial Activities. Investment income 2024 2023 Dividends receivable from investments and unit trusts 38,924 42,925 38,924 42,925 Other resources expended 2024 2023 Depreciation Bank charges Insurance Wages Accountancy Professional Sundryrrravel Property maintenance & repairs 88 38 109 79 160 52,967 3,345 2,717 2,132 1,156 70,085 4,562 4,405 4,268 83,446 62,665 Fees payable to the independent examiner for: 2024 2023 Independent examination Other services 1,875 2,687 1,775 1,570 4,562 3.345 Staff costs 2024 2023 Wages & salaries Social security 69,02g 1,056 51,763 1,204 70,085 52,967 The average number of employees is 2 (2023 - 3) 10-
The South Asian Decorative Arts and Crafts Collection Trust Notes formlng part of the financial statements for the year ended 31 July 2024 Trustees, remuneration The Trustees neither received nor waived any emoluments or expenses during the period. Tangible fixed assets Investment property Exhibition and display equipment Heritage assets Totsl Cost At 1 August 2023 Additions At 31 July 2024 402,367 2,753 153,323 30,000 183,323 558,443 30,000 588.443 402,367 2,753 Depreciation At 1 August 2023 Charge for year At 31 July 2024 2,317 88 2.405 2,317 88 2,405 Net Book Value At 31 July 2023 At 31 July 2024 402,367 402,367 436 348 153.323 183.323 556,126 586,038 Heritsge assets management policy The trust maintains a collection of arts and crafts and related pictures from South Asia and its neighbouring countries. Some of these items are on semi-permanent display whilst others are stored appropriately between rotating exhibitions. Acquisitions are made by purchase or donation. Investments Listed investments Deposlt account Total At 1 August 2023 1,570,129 56.402 1.626,531 Additions Disposals Revaluation 828,527 (743,936) (19,726) 828,527 (743.936) (19.726) Cash movement in year (2,789) (2,789) Cost I fair value at 31 July 2024 1,634,994 53,613 1,688,607 10 Creditors - Amounts falling due within one year 2024 2023 Accruals Other creditors 1,840 10,781 12,621 1,840 1,824 3,664 11
The South Asian Decorative Arts and Crafts Collection Trust Notes forming part of the financial statements for the year ended 31 July 2024 11 ststement of funds General reserrfe Total funds At 1 August 2023 2.195,649 2.195,649 Income 291.306 291,306 Expenditure {90,949} {90,949} Revaluation of investments (19,726) (19,726) At 31 July 2024 2,376,280 2,376,280 The general reserve represents the free funds of the charity, which are not designated for particular purposes. 12 Analysis of net assets between funds Unrestricted funds Total Fund balances at 31 July 2024 are represented by: Fixed assets and Investments Net current assets 2,274.645 101,635 2,274,645 101,635 Total net assets 2,376,280 2,376.280 13 Income from donations and legacies 2024 2023 Donations 100,000 168.180 100,000 168,180 14 Related party transactions During the year the charity received donations totalling £100,000 (2023 £160,000) from a company in which two of the trustees are directors. 15 ultimat8 controlling party The charity is under the control of the Trustees as a body. 12-