The South Asian D•¢orativ• Arts and Crafts Colle¢tlon Trust
Report and Flnanclal Statem8nt5
For the yèar èndèd 31 July 2025
Charity no.. 1137415

The South Asian Decorative Arts and Crafts Collectlon Trust
Contents
Page
Legal and administrative information
Report of the Trustees
Auditc*s report
statement ot Financial Acts'vilies
Balance Sheet
10
statement of Cashflows
11
Notes formlng part of the finandal statements
12-15

The South Asian Decorative Arts and Crafts Collection Trust
Lègal and admlnistrative infom)ation
Trustee5'.
Dr P A mil￿aIrj
Dr E J Millward
Prof J Mack- Resigned 3010912024
Ms S C Wikon- Re8igned 3010912024
Prof G E Harris- Resigned 3010912024
Mr Alec Cumming- Resigned 3010912024
Prbncipal Office:
The Old Skating Rink Gallèry
34-36 Bethel Street
Norwich
NR2 1NR
Auditor..
Sexty & Co
Chartered Certffied Accountants
& ststulory Auditor
124 Thorpe Road
Norwich
NRI 1RS

The South Asian Decorative Arts and Crafts Collection Trust
Roport of the Trustees
for tha year 8ndod 31 July 2025
The Trustees wesenl their report and financi81 ststemenls for the year ended 31 July 2025.
Constitution
The South Asian Decorative Arts and Crafts Trust is a registered charity governed by a Charity Trust
Deed. 11 was registered as a charity on 11 August 2010 (Charlty number 11374151.
Tmste&s
The names of the Trustees who served during the perfod and up lo the dale of this report are sel out on page
App￿ntment01 T￿￿teeS
The Trustees are elected arLoTding lo the governing docvmenL
(XJjective$ andAdivlty lor the publK b8nefft
The objects ofthe charity are..
the advancement of education for the publir benefit In the everyday arts and crafts and cultural
items of South Asia and its neighbouring countries by establishing and maintaining a collection of
such arts and crafts and related pictures.
lo provide travel and edu¢atK)nal scholarships for the study of South Aslan arts and crafts and
Culture and lo help fund similar exhibitions elsewhere.
The Trustees confirm that they have referred lo the Ch8rity Commissbn's guidance on public benefrt when
rèviewing thé ch8rty's objects ar￿ plannlng future activf(ies and setting grant making policies.
The charity carries out these objects by providing grants to projects in the area in whlch11 operal8s which meet
one or morè of the objècts 88 described above.
R•vi•w of Activili•s
On dl$
Dhokra.. The art of lost wax ¢astlng - a display of Llhokra objects to showcase the ongoing
research project on Crafts of Odisha. co-curat8é with artist Alec Cumming.
New acquisitions cas• - On display arè a selection of pencil drawings of lemplos in W8slem
Himalayas by UK based artist John Nankivell.
A Festlval of Dolls- an interpretstion of the Navratri celebratKsns in SoLrth India using a variety of
rigures from the collection
Unlty In DIv8rslty.' IrKlonesian Woodcarving
Joumey.. 1979 - telling the story of the beginning of The South Asia Collectwjn wrfh a journey lo
Pakistan in 1979
Continuing Traditions.. Texme ¢rafts from Ka¢h¢hh - A dlsp18y ol lextlles made uslng the craft
Iradilion5 of embroideries, roghan painting, and bandhani.
18th and 19th Century Europgan Artlsts In South Asla - 8 display of paintings and prints by
European arhsts. William Hodges. Thomas and William Daniell, James AtkirKqon and EmanLJel
Amdrasy, Iravelling Sn South A$Lq In the 18th and 191h ￿ntury.
Tro0 of Llfe= The Art of W¢)ocl¢arvlng In Swat- introducing the art ofwoodcarving in Swat, Pakistan
Expgrlmonts In Pottery.. A Craft-Dg5ign Collaboration
This display showcases pottery
assockated with the Bombay S¢hool of Art in India, and the Mayo Sch¢Jol of Art in Lahore.

The South Asian Decorative Arts and Crafts Collection Trust
R•port of th• Trust••s- contlnued
for the year ended 31 July 2025
Collaetions. Collaljorations, Contexts.. Stort8s of vorna¢ular fumlture and 0￿rydaY obfv¢ts from nort
west Indla
An exhibitK)n resulth'ng from the Vernacular Furnllure of North-west India project. On disF4ay are examples of
furnrture and everyday objects in the collections combined with photographs from the fieldwork. A new TV
screen has been added lo this Brea to showc8se some of the audio-visual malerials from the research.
Research
Vemacular Fumtru￿ of North-west Indffa lin collaboration with DICRC. CEPT Universty, Ahmedabadl. The
final book in the seties, 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.
Crafts of Odlsha.. The first phase of the project focussing on the Dhokra craft has been completed wth the
outcomes including a short film produced by Alec Cumming and Annie Woodman alongsidg an exhibition at
The South Asia Colledion.
Grants
EMKP Application.. We were awarded the Endangered Material Knowledge ProgramThe Grant for
prolecl. 'Documentation of building crafts in k8th-khuni temple archlteGture of Himachal Pradegh, to led
by Jay Thakkar with Michael Lidgley, Rahul Bhushan, and Sonali Gupta as the co-applicants. Due to
unforeseen arcumstanc8s, Ihe applicants and The SADACC Trust agreed to surrender the grant before
the project commenced.
b. MDSE Open Grants (Arts Council. UK) £2400 to hire consultant Sam Hunt to advisg on Sgtting up a
Charitable Incorporated Organlsalion.
Research Visits and Conf•r•nc•s
a. Jan 2025- Visit to Kolkata to attend th8 symposium, Textilos from Bengal= A Shared Legacy.
b. March 2025
Attended the Museum Development London & South East Conference: Exploring
c0lkctit￿$.
Collectlon
Database management. 10 members of the publlc have made svJnificant object donations to the museuwn
collection. Records continue to be updated on the database MODES.
Envlronmental monitoring.. We continLJe thè monitoring of data loggers and pest ccntrol systems in the
museum areas.
Dlsplay. Labelling project- is almost complete with only 75 objects on di8pLgy lof around 1000) to be U￿ated
with new labels.
A new website was designed and launched to botter reflect the activATes of The South Asia Collection and the
mLtseum shop.
Actlvltles and En
ements
a. Heritage Open Days
We organised two events for the Heritage Open Days 2025. One was a talk by Hannah ￿ent￿Y on the
history of our building and another w8S 8 talk on the History of the Collection . Both ￿ents were well
attended al￿ well received.

The South Aslan Decoratlve Arts and Crafts Collection Trust
Report of the Trustees- continu•d
for th• year ended 31 July 2025
b. Talks
We have resumed talks and lectures al The South Asia Collection as well as pronK)ting our projects
through lalks on exlemal plattc*ms.
Royal Asiatic Society- Tall( by Mansi S Rao hosted at RAS premises in London INOV 20241-
Dining tables on streets and carpels on flwrs - A study of yem￿j1ar furniture in north-west
India
Dhokra- The art of lost wax casting lJan 20251- Filrn screenirvj followed by a discussion with
Alec Cumming and Anni& Woodman
Dhokra: The art of lost wax casting Imay 20251 Talk by Mansi S Rao al AJtislry, Anteros
Foundation, Norwich
Signifying Ihe Sacred.. Art and AJchitecture from the Swal Valley lo East Anglra {June 20251-
By Prof. Susan Whitfield
MA Live - Talk by Mansi S Rao hosted on Zoom on MAP Academrfs plalform lJune 20251 -
Paallo, Pidha and Peti.. Studying North-west India's Furniture
PartneFshl
a. MAP AcademyllMPART
An MOU Partnership has been set up with MAP Academy (now IMPARTI for the sharing of researth
pr(￿uced on the 'Vemacular Furniture of North-west Indla, project on their digltal platfomis.
Audi•nc• •n
em•nt
a. Group visks
We continue to have positive feedback aThJ supw)rt from our vlsilors a￿1 audiences- we have organised
a total of 20 group visits in the past year that have Sncluded Schools, univeislkn'es, Itxal soclelies and art
groups.
b. Visitor survey
We have introduced a visitOT Survey lomi to have feedbad( from our visitors. ThÉ5 will infomi the
eparalion of an audbence development plan which w511 have to be submitted for the accreditation
application in 2027.
c. Soclal media
We continue to showcase our work on our social media pworms Ilnstsgrnm and Facebook).
w Governance Structu
Decision has been maile to change or set up a new govemance structure of a Charitablg Incorporated
Organisalion lo manaJe the museum activities.
Stsffin
a. Conlract and VSsa for Mansl S Rao, Collection Curator was exlended for 8 period 012 more years.
b. Current number of staff - 3
. Current number of vobJnteer5- 3
RegeYve$ Poll¢ and Rlsk Man•
ment
The reserves of the tharity are identified as unrestricted at the period end. The unrestrthd reserve
available for all donations and costs of running the chaTity. The ITU5t has a policy of maintaining a level of
reserves suffirAeAI lo generate income to cover expected expenditurè for the followiThJ twelve morbths.

The South Aslan Decorative Arts and Crafts Collection Trust
Roport of tho Tru5te8¥- rontlnuvd
lor the year ended 31 July 2025
Internal risks are minimised by the itnplementation of pr¢)Gedures for authoTisalion of all aGliviti85 lo ensure
consistent and quality delNery lor all operational aspects of thè ch8rity- These procedures are pèri￿1r31IY
reviewed to ensure that they meet the needs of the charity. At the peTK>d end reserves were as follows..
2025
2024
General Reserves
Total Reserves
3,845,158
3.845,158
2,376,280
2,376,280
Risk mana
•m¥nt
The charity monitors its risk on an on-golng basls and has ensureé both policies and lundlng are place lo
mitigate those risks.
The financial statements have been prepared in accordance wf(h the accounting pollcies sel out in notes to the
a￿)Unts and comply with the charity's goveming document, the Charllles Act 2011 and Accounting and
Reporting by Charities.. State￿￿nI of Recommended Practice applieable to charities preparing Iheir accounls
in accordancè wrth Ihe FinarKial ReportirvJ Standard appI￿ab￿ in the UK and Republic of Ireland published in
October 2019
Audltors
The auditors Sexty & Co RegiSte￿d Auditors are willing to continue in office and a resolution to re8ppoint
them will be proposed at the Annual General Meeting.
By order of the board
Dr P A mil￿8rd - Trustee

The South Aslan Decoratlve Arts and Crafts Collectlon Trust
Indepandant Audltorfs Rgport lo the Truste¥s of
The South Asian Decorative Arts and Crafts Colloctlon Trust
Oplnlon
We have auithted the flnancial stalements of The South Asian Decorative Arts and Crafts Collection Trusl (the
'charity'l for the year e￿Ied 31 July 2025 which comprise statement of Stslemenl of Financial Activities,
Balance Sheet and notes to the ffinancial statements, including significant acwunling policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom AGGounling
Standards, including Financial Reporting Standard 102 The Financlal Reporting Standard applicable in the UK
and Republic of Irel8nd (United KIn￿10M Generally Accepted Accounting Practice).
In our opinion the financial stslements..
give 8 true and tsir view of the slate of the charity's affairs as at . and of its incoming resourGes and
application of resources. includlng Its income and expendtture, for the year then ended.,
have beon properly prepared in accordance with United Kingdom Generally Accepted AcC￿nI1￿g
Practi￿.. and
have been prepared in acCo￿a￿ with the requtrements of the Charllies Act 2011.
Basis for opinion
We condvcted our audft in accordance with Intemallonal Standards on Audlllng {UK} IISAS IUKII arKI applkat4e
law. Our responsibilities under those standards are further described in tha auditor rèsponsibilities for the audlt
of the financial statements section of our report. We are independent of the charity in accordance whh the
elhical requirements Ihal are relevant lo our audit of the financial stalemenl$ in the UK, including the FRC'S
Ethical Standard, and we have lulfllled our other elhital responsibilities in accordance w((h these requirements.
We belleve that the audit evldence we have obtained is SLrfficient and appropriate lo provide a basis for our
opinK)n.
Conclu$lons relating to golng ¢¢n¢ern
In auditing the financial statements. we have ￿ncluded that the truslees, use of the going concem basls of
counting in the preparation of the financial statements is appropriate.
Based on the work we have perfomie(J, we have not i¢J8lltified any rllaterial Ul￿ertaInties relating to evenls or
conditions that, indwidually or Golle¢tively. may ￿st significant doubl on the charity's abllily lo continue as a
going concern for a Feriod of al least Iwefve months from wh8n the financial slatemants aro authorised for
issue.
Our respor)sibilitEs and the responsibilities of the trustees with res[￿1 lo going concem are described in the
relevant sectlons of Ihls report.
othèr Informatlon
The other Infomation comprises the information induded in the Iruslees. annual report, other than Ihe financial
stslemenls and our auditorfs report thereon. The trustees are responsible fof the other information. Our opinion
on the financial statements does not cover the other infomatleA and we do not express any fom of 8s$ur8nce
conclusion thereon.
Our responsibility is lo read the other infomiatM)n and. in doiTWJ so, Gonsider whether the other inforrnalion 15
materially inconsistent wth the financial statements or our knowledgè obtsined in the course of the audit or
otherwise appears to be materially misstated. If we identify such material irtconsistencies or apparent material
m15slatemenls, we are required lo determine whether this gives rise lo a material misstatement in the
financial ststem8n15 Ihem5efve5. If, based on the work we have performed. we conclude that there 15 a material
misstalemenl of this other infomation, we are required to report that f8Ct.
We have nothing to report in this regard.

The South Asian Decorative Arts and Crafts Collectlon Trust
Independent Audltor's Report to the Trustees of
The South Asian Decoratlve Arts and Crafts Collèction Tru$t- Contlnued
Matters on whlch we are requlred to report by exeeptlon
We have nothing lo report in respect of the followlng mallers in relatKJn to which the Chaiities (Accounts and
Reports) Regulations 2008 require us lo report to you ￿, in Our opinion=
the informatbn gwen in the trustees, reporl is inconsistent in any material respect with the financi81
ststements.. or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounllng records- or
we have not received all the information and explanations we require for our audit.
Responslbllltle8 of trustees
As explained more fulty in the trust￿. ￿sponSIbl1111eS statement page 5, the trustees are responsible for the
preparalion of the financial statements and for being satisfied that they give a true and fair v￿w, and for such
intemal control as the trustees detemiine is necessary to enable the preparation of financial statements that are
ffee from material rnisstatemenl, whether due to fraud or error.
In Preparing the financial Statements, the trustees are responsible for assessing the charity's ability to continue
as a going concern. disclosing, as applicable, mallers related to going concern and using th8 going concern
basis of accounting unless the trustees eilher intend to liquidate the charity or to cease 0￿ratIOnS. or have no
realistic alternative but lo do so.
Audltor re8ponslbllltle5 for the audit of the flnanclal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordanr2 with
the Act and relevant regulalDns made or having effect Ihereunder.
Our objectives are tD obtain reasonable assurance about whether the financial statements as a whole are f￿e
from material misslat@m8nt, whether due lo fraud or error, and to issue an auditor's report that includes our
opinK)n. Reasonable assurance is a high level of assurance but is not a guarantee thal an audit conducted in
accordance with ISAS (UK) will always delect a material misstatement when il exists. Misslalements can arise
from fraud or error and are considered material if, individually or in Ihe aggregate, they Gguld reasonabty be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-comp1I8nce with laws and regulations. We design
procedures in line with our responsibilitie8. Outlined above. to detect material misstatements in respect of
irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is delailed below-
The audit procedures are designed so that wlth reasonable assurance, materlal mSssLitements can be
detected, including those relating to fraud. Specifically. areas which Involve provlslons or estlmalions have
been tested where material.
Because of the inherent limitations of an a￿jIt. there is a risk that we will not detecl all irregularities. iThcludlng
thosè lèading lo a material misstalemer)t in the financial statements or non-compliance with regLilalion. This
risk increases the more that compliance with 8 law or regulation is removed from the events and transactions
reflected in the financial statements. as we will be less likely to become aware of InStan￿S of non-compliance.
The risk is also greater regarding iiregul3rilies occurring due lo fraud rather than error, as fraud involves
intentional Con￿alM8nt, forgery, collusKTrn. ornission or misrepresentation.
further
description
htl ".Ilwww.frc.or .ukllibrar
thè-auditl
of
our
responsibilities
is
available
on
FRC'S website at..
Istandards-codes-
laudtt-assLtrance-and-ethicslauditors•res
onsibilities-for-
other Matter- Comparative Flgures
The financial statements for the period ended 31 July 2025 included in the comparative inlorniation which
were not audited. Accordingly, we do not express an audtt opinion or any form of assurance on the
comparative informat￿n. Our opinion is not modified in respect of this matter.

The South Asian Decorative Art5 and Crafts Collection Trust
Independent Auditor's Report to the Trustees of
The South Aslan Decorative Arts and Crafts Collection Trust- Contlnued
Uso of our report
This report is made solely to the charity's trustees, as a b)dy. in accordance wilh Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken go that we might stste lo the
charity's trustees those matters we are required lo stste to them in an auditor's report and for no other
purpose. To the fvllest extent permitted by law. we do not accept or assume responsibillty lo anyone other
than the charity and the charity's trustees as a body. for our audlt work. for this reporL or for the oplnlons we
have formed.
l A Barlow FCCA
(Senior Statutory Auditor)
For and on behalfof Sexty & Co
Chartered Certified Accountants and Registered Auditors
124 Thorpe Road
Norwich
NR1 1RS
Dale: 12 May 2026

The South Asian Decoratlve Arts and Crafts Collectlon Trust
Statem¢nt of Flnanclal Activities (including summary income and expenditure a¢Gount)
for the year endod 31 July 2025
Total
2025
Total
2024
Notes Gèngral lunds
InGoming resources
Incoming reSoU￿S from generated furK15
Donations
Rent
Investment Incomg
Realised profil on dlsposal of Investments
13
1,427.255
12.000
58.000
64.730
1,427.255
12,000
58.000
64.730
100,000
12,000
38.924
140.382
Total Incoming resour¢•s
1,561.985
1,561.985
291.306
Re50urc•s •xpended
Investment Management Fee$
Grants made
Oth8r costs
8,628
9,779
114,668
8.628
9,779
114,668
7,503
83.446
Tolal resource$ •xp•nd•d
133,075
133,076
90,949
{Lossl l Gain on revaluation of investments
39,968
39,968
119.7261
Net resources 8xpond•d Ineludlng (Lass) I
Galn on investments
93.107
93.107
110,675
N•t mov•m•nt in funds
1,468,878
1,468,878
180,631
Fund balances brought forward at 1 August 2024
2.376.280
2,376,280
2.195.649
F￿nd balances carried forward al 31 July 2025
3,845.158
3.845.158
2,376,280

The South Asian Decorative Arts and Crafts Collection Trust
Balance Sheet as at 31 July 2025
2025
2024
As restated
Fixfrd assets
Tangible fixed assets
Investments
585.969
3,052,046
3,638,015
586,038
1.634,994
2,221,032
Current a55ets
Ca$h at bank ar¥J in hand
Other cleblors
208,871
891
209.762
166,889
980
167,869
CTeditors
10
2.619
12.621
Net current assets
207.143
155.248
Total assets less current Ilabllltles
3.845.158
2.376,280
Funds:
Unrestricted fijnds
3.845.158
2.376.280
Total funds
12
3.845.158
2.376,280
The financial statements on pages 8 to 14 were approved by the Trustees on..............
tl*ir bèhalf by..
..and stgned on
Dr P A Mil￿ard- Trustee
10

The South Asian Decorative Arts and Crafts Collection Trust
Cashllow StatÈmÈnt
for the year ended 31 Jufy 2025
2025
2024
Cash generated from operations
Depreciation
Increase) I decrease debtors
I￿rgas& I Idecreasel in creditors
Donation of investments (nOr￿aSh
Revaluation
Income from investments
Payment of investment management fees
Realised profil on disposal of investments
Nel ￿$h provided by operating aclivities
1.468.878
69
180,631
88
1,097
8.957
110,W21
(1,074,389)
(39.%81
(58.rK)01
8,628
(64,7301
230,575
19,726
138,9241
7,503
1140,3821
38,696
Cash flows from Investing
adlvltl•s
Payments to acquire tangible frxed assets
(30.000)
Payments to acquire investments
Proceeds from 98le of investments
Income from investsnenls
Incomè from revaluations
Payment5 of inveslmenl management fees
1611.8441
373.878
58.000
(831.580)
887,371
38,924
18,6281
17,503)
1188,5941
57,212
Chang• In cash and cash equivalents in
th• rnportlng perlod
41,982
95.9D8
Cash and cash equivalents at the
beglnnlng of the reportlng perlod
Cash and ¢ash equlvalents at the end of
Ihe reporting period
166.889
70,981
208.871
166.889
Cash and cash equivalents conslsts of-
C8sh 8t bank and in hand
13,132
113,276
53,613
Depr)sit inveslmenl account
195,739
Total cash and cash equlvalent8
208.871
166,889

The South Asian Decorative Arts and Crafts Collection Trust
Notes formlng part of the financial statements
for th• y•a¥ •nd•d 31 July 2025
1 Accountlng policies
lal B¥515 of preparation
The chartty constitutes a public beneff( entity a5 defined by FRS 102. The financial statements have
b&en prepared in acGordance with knounting and Reporting by Charrties.. Slalement of Recommended
Pradice applicable to charities preparing Ihelr accounts in accordance with the Flnancial Reporting
Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financ￿1 Reporting
Standard applicable in the United Kingdom 8nd Republic of Ireland IFRS 1021, the Charities Act 2011,
and UK Generalty Accepted Accounting Practice.
Ibl Fund accountlng
General funds are unrestrlcleLI ftjnds which are available for use at the discretion of the Trustees in
furtheran￿ of the general objectives of the charity and which have not been designated for other
purposes.
Icl Incomlng rnsourc•s
All incoming resources are included in the SOFA when the charty is legalty entitled lo the income and
the amount can be quantified with reasonable a￿￿r8¢Y. For legacies, entf(lemenl is Ihe eartier of the
charity being notified of an impending distribution or the lega¢y being re¢8ived.
Gifts In klnd donated for distribution are included at valuation and recognised as income when they are
distributed to the projects. Gifts donated for resale are included as ino)me when they are sold. Donated
facilities are included at the value to the charity where thi5 can be quantified and a third party is bearing
the cost. No amounts are included in tl* financial statements for services donated by volunteers.
Grants. including grants for the purchase of fLxed assets. are recognlsed in full In the SOFA in the period
in which they a￿ reCe￿able.
(dl Re$our¢•$ expended
All expendibJre is accounted for on an accruals basis and has been classTfied under headings that
aggregate all costs related to the category. Wherè costs cannot be dire¢tly attributed to particular
headings they have been allocated to activities Dn a basis Consistent wrth use of the resources.
Fund-raising cos15 are those incurred in seeking voluntary contributions and do not include the costs of
dissèminating infomialion in support of the charitable activities. Support costs are those costs incurred
directy in support of expendrture on the objects ol the charity and include project management carried
out at headquarters. Management and administration ¢osts are those incurred in connection with
administration of the charity and complian¢9 with ¢onstitLrtional and 5tstulory requirements.
lel Tanglble flxed assets
Exhibition and dis
ment
Equipment 15 held for charitable purposes. Depreciation is provided in order to write off each asset over
Its estbrnated useful life using a 20Yo reduung balance method.
e asse
The Trusvs collection of arts. crafts, fumiture and textiles is reportèd in the baL4nca sheèt at markat
value. Valuatlon5 are reviewed annualty by the Trustees. The collection pieces are deemed to have
indeterminate INes and the Trustees do nol therefore consider it appropriate lo charge depreciation.
Preservation costs
Expenditure which, in the Trustees. view is required to preserve or clearly prevent further deterloration
of indiv￿ual collection items, is recognised in the Income and Expendrture account when il is Incurred.
Investment
Investment properties for which fair value can be measured reliably without undue cost or effort are
me8gured 8t fair value 8t each ￿t￿rting dale with changes in fair value recognised in 'gain5 1 Ilosses)
on revaluation, in the Statemenl ol Financial Activities ISOFAI.
Investments
Investments held In listed shares are shown at fair v81ue with any gains or losses on rèvaluation
recognised in the Stalem8nt of Financial Activities.
t2-

The South Asian Decorative Arts and Crafts Collection Trust
Notss forming part of the financial slat•monts- continued
for the year ¥nd&d 31 July 2025
Investment incom•
2025
2024
Dividends receNable from investments and unit trusts
Interest
57,366
634
38,924
58,000
38,924
Other resource5 expended
2025
2024
Depreciation
Bank charges
Insurance
Wages
Accountar)cy
SundrylTravel
Propety maintenance & repairs
69
20
971
101,482
5,005
5,905
1,215
88
38
70,085
4,562
4,432
4.268
114,667
83,448
Fees payable to the auditor for:
2025
2024
Audit services
Other services
1,875
3,130
4,562
5,OQ5
4.562
staff costs
2025
2024
Wages & salaries
Social security
94,981
6,501
69.029
1.056
101,482
70.085
The average number of employees is 312024 - 21

The South Asian Decoratlve Arts and Crafts Collection Trust
Notes fomilng part of the flnanciJl statements- continued
for the year onded 31 July 2025
Trust••s' romunaratlon
The Trustees neither recelved nor waived any emoluments or expenses during the Ftriod.
Tangible fixed a$5ets
Investment
propetty
Exhibition
and
d15play
gqulpment
Heritsge
a8sets
Total
Cost
At 1 August 2024
Additions
At 31 July 2025
402.367
2.753
183,323
588,443
402,367
2,753
183,323
588,443
0opre¢latlon
At 1 August 2024
Charg8 for y8ar
At 31 July 2025
2,405
69
2,474
2.405
69
2,474
N¥t Book Valug
Al 31 July 2C>24
Al 31 July 2025
402,367
402,367
348
279
183,323
183,323
586,038
586,969
H•rltag• assots managemant pollcy
The trust maintains a collectlon of arts and Grafts and related pictures from South A81a and Ils
neighbouring countrles. Some of these items are on semiknpemanent display whilsl others are stgred
appropriatety belween rotating exhibiliorts. Acquisitions are made by purchase or donation.
In￿SImOnts
Listed
Investments
Totsl
At 1 August 2024 {as rest*edl
1,634,994
1,634,994
Additions
Disposals
Revaluation
1,686,233
1309,1491
39.968
1,686.233
1309.1491
39.968
Cost I fair value at 31 JU￿ 2025
3,052,046
3,052,046
The charity had previously shown cash held within the investment portrolio as investments,
following a change in policy this is now shown within cash at bank and in hand on the balance shoet
10 Creditors - Amounts falling due within one y•ar
2025
2024
Accruals
Other creditors
1,840
779
2,619
10,781
12,621
14_

The South Aslan Decoratlve Arts and Crafts Collectlon Trust
Notes forniing part of the financial statements - continued
for the year ended 31 July 2025
11 Statement of funds
General
funds
Total funds
Al 1 August 2024
Income
Expenditu
Revaluation of investments
At 31 July 2025
2,376,280
1,561,985
1133.0751
2,376,280
1,561,985
1133.0751
39,968
3.845,158
3,845,158
The general reserve represents the free funds of the charty. which are rK)t designated for particular
purposes.
12 Analysls of net assets between funds
Unre8triGted
Fund5
Total
Fund balanc•s at 31 Juty 2025 arg representsd by:
Flxed assets and Investments
Nel current assets
Total net ass8ts
3,638.015
207,143
3,845,158
3.638.015
207,143
3.845.158
13 Income Irorn donations and legacl•$
Vnr•$trlct•d
Funds
Total
Donations
1.427,255
1.427,255
1.427.255
1,427.255
14 Related party transactions
During the yeai the charity received donations totslling £1,264.38912024 £100,000) trom a company in
whi¢h two of the trustees are directors. The SADACC also received a £80,000 (Jonation from eaGh of
the trustees during the year.
15 Ultlmate controlllng party
The charity is undei the control of the Trustees as a ts￿lY.
15