STO STONE NEST A.l..L REPORT,IND FIN,I.NC-I,11. ST ITE.IIEINTS Tr'OR'I'IIL I'F.'AJi b'PiDF.'D JI .IIARC'FI 2023 C'H,IRI"I'I' .)I'NIBLR.. 114011¥ .O.iIP..I)I' YI"IIBER.. 08301111 ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
INAN('1.4L %'I"A"I'Tr"NIè.')"I'S PUII'I"IITr- I'Tr:AR *.NDb.l) JI INIAR('112U23 CONTENTS Pages ChairrnaTr5 rCrt Trusite%' rcport Slatetnent Trf I ru%lecs' r¢sponsibilili¥s IndLpcndeni e¥llminLf'.i pilrt Siaiemcnt tsffittanLial aLtii ilies Siatemenr oftinancial Erf)SiiiOll Siatetnent ofca5h flows 10 Nuies iu the financvdl slalements ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
REFERENCE A.ND.4DIII.NISTK4TIN'E DETAILS ChariD' numkt.. R¢gisi¢r¢d office.. 10 Qiieen Strecl Place. ndoll. EL4R I BE. L'K 136 Shaftesbun Avenue. London. ,] D 51"./.. LK DIRECTORS (Ili&"TRUSTEES') Irina BD)wn Frica (-rump Yion Patrick 1¢ Flo¢h Calh> WLaring AÈ Y EMPLOYEE3 Arti%iii l)ITLcior and C'hicl'l Ycculivc.. PTuducEr'. Iiina knho Hgnndi Nf}¢r5 APPOINTED ADI'ISORS Bankers.. Nalwesl. Regent Srrcet 111Ch. 150 Regent Strcel. l.ondon. W'l H.iHT Soli¢iior5.' Bale8 Wells Braithw&ilB LLP. 10 Queen Street Place. London. EC4R IQ8. IIK IndepL'ndLni cxsminLr.' Colim Il'ri¥hi. I'IIY Flack-Lr Yttiiiig l.l.P. (hiadranl Hou¥L. 4 Thornas More S4iidie. LundoR EI W IY ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
CHAIRI(AN"S REPORI"
2022.202). Stoll¢ Nell's ienth full }'¢ar of exisi¢nc¢. has seeii thL charity delii'er lis mosi i'ibrani and sueccsslul yiar
chsriiabl¢ aims bj 5upponing anisis and reaching Ihc public. Th¢ ¢knariTh has Coniiniied io gradual
inipnii¢Tn¢llis lil thu biijldii)¥ tsn %halk15buo- A¥klluL. 115 horni alld pcrlorinancL Vcnui. which lidiL rnthblLd it lo
bruaden lh¢ publiL [lI Iti it iindertdk.es at]d rnake operations fflore sustainable. Acrivity hiBhlights' included two
FILn J. Riepe Konipinie .4 Tlie P
TRI'STEES. REPORT The Truslees are pleased lu preseni their teiitli 3Thiillal retk)n together Miih ihe finaniial %iaiemenis ofstoiie Nest (the "(.-baritv"I for th¢ 1'¢8r trom l April ?022 to 31 March 202.1 hleh hae biLn preparLd on IhL basis ofihc aceouniing pDIiLICs Sel oul in tle l io ihe linancial slaleinenls and coiiipl) with the requireillents lur a direciurs. report and arcollnts for compIL5 Aci piirposts. Iht ¢omparaii%'¥ }iar from l April 2021 Iv 31 Mareh 2022. The finlIa[ Si#TemenlS Lompl% '1th ihe Ch3riiies Act 2011. the Camponies Aci 2006. th¢ Memoralldurn & Aiticles ol- A%.£oc1ation. and Ili¥ Siaiemeni i)I' R¢eomniLnd¢d Pra¢ii¢c AccouTrling and RLPOrting by C'haritie% {l.'RS IQ21 ISORP 20191. STRI'CTI"RE, GOVERN.4NCE NI.iN.4GE.TvIENT GOI ER.rylGD0Cl..l1E,VT sn¢ Ncsi is a ¢ompanN' limii¢d b>. givdT#niee b!, iig MemoTandutn and Arli¢l¢s of Association dtttLd 20 No%'embeT hos¢ mcmbership Is non-lransferrable unless Ihtoiigh reSt¢tlte or thc mtrnEL'r cni£iing liqiiidtttion. Ihe liability or Ihc ttKmbcT ib lirnilcd lo GBP 10 in the event 01--indIng up. APPUI,VThifh.'TOF TRL'STEES Ag sei oul in the ArtILl¥s vf AsbULialiun there shall be a minimum of the Irusiees. rson willing io uci U5 In¢iiib¢r spe¥ili the ierrtis vfolTi¢e h1¢h shall dppll lu Ihe Tnks*e5. hvwever lu ddie nii sulh T¥niis hdke be¥ specified. TRL,STEE l.NDL'CTIO'1lND TK-IJNING Nei¥ Irusievs ar¥ l<) he brieled LheiT legal obligaliuns under charii!, and LompaiiTr laiv. Ilie charit CtsmtnissiL)Ii guidanc¢ on public benefiL ¢oni¢iit of th¢ M¢moraMdum & Arti¢lvs of Assoeiaiion. lh¢ committw and d¥cision- niaking prk)ces%es. Ihe bu%inL.%.4 pl#D and rLccnl finanLial pcrfvTTrianci ¢il-Ihe Lliaril>. Thc bricling is Ici iK- undurtakuii by dn ¢xisling trustee or a key emplovee. Newly appoiiited tn]siee5 are encouraged to atsend the first board meeiing rolloiTring IhLir aprA)intinenL QRG.4,VISA TIO.,V The buard uf trusttts. ¥i'hich mu.4t haie a Ininiiiiuim ol- i niellibe na iiiaxiinuiii. adiiiinisters the Chariiv The Iard typic211) mL¢ts .) to 4 times a year. lo ItiLililillL' L'ITeciivL' optraiionb oil a da!.lo-dilI. basis. thi. I rusites have drl¢¥Al¢d Juilioril> fur op¢ialiuiihl Inaller5 and artislic prIOranLy relaled dtslivii), lu Ilie ArtiSiiL Direclor L hiel. Executive. 0ECTI1.Es.lD 11cTI.[TlEs Th¢ purpose uf the Ctwity. thruiigh its object> is.. Ta pri)ni<?i¢ ikn arts IOT Ilic tK-nclit Df ihL public. particuliirly blll not e.xcliisiielJ through piiblic PErfvttllcltiLe5 of drdtnalic. liLerAn. musical other anistic wDrks and the proi'isioll of rehearsal facilitics for such puhliL pcrlonnaiict's.. gmd To pnimoie Ilit edu¢aiion of ihe genernl piiblTL. ParttLulif Il¥ bui not exclusively throii¥h workshop puhlic [forMalicl5 and iiilier educational eveiils and 5ervice%. Sknne NL8t'% rnis$inn is to promo1¢ ¢Yperim¢nial. Unex¢1td and daring art?Slii practiLL' acrt)ss a diver%¢ rangt of Ihe#ir¢. Jani¢. In1£ and inierdiseiplinary art. and to brittg Li lu J wilie dudienLe. Siull¥ Nes1 lI1 e51ablis1i a Creatie lab)raior%' produilion hoiisL' with a closclF liiiked pro¥ramrnc ot. residcncics and COTnrnissions. I"hi5 modcl will allo the Liirntion of3 Strong puhliL' pr()granim¢ ul. coniemwrarn p¢rformdttL¢ hlISt ¢nibrnting risk i¥king 31 seed kv¢l, teeding Tnto tli¢ ivid¢r arts ecos5'si¢in. PI'BLIC BE.NEFrr The TrLlSte¢s llnd managemeDI are commiiied 10 Prolding public benefii through (he ihariiabl¥ a¢iti tty of Sitsne NLSI. and hai'¢ iaken Intt) a¢ctsulll the Charih CoiMini55ion'% guidancc in th15 arca. Stone Nesi ai]n5 10 ¢Teale a meetiiig ot bold. i'isioiiary art and a ikider public..Situated In th¢ liean ofr'London's world- life dirough inspirin¥ ¢xp¢rienLes. By produLingr Presl1117¥ a dii'erge pru¥rdTllm¢ ol. cviitemwran TIOnIng arts in a ccniral and accessibly designed perrorinle space i¥ith an aftordAhle lickeliNg p)Iici'. will ensure rhat 0111 dclll ITTr bEnelii5 95 %wide an 3udieJ]ie & wss&ble. ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
TRC15TLES' REPORT
.4C-IJIEI'EPlENTS A)4D PERFOR[4rE
C'ontinuing li) supwrt Ihc rL'dcvclopiMcni of Ihc building into a flcxihle [l'tOrming arts spacc-
Continiiing to dciilop a siistginablc opiraiiortal and businiss mod¢l-.
Sir¢n¥th¢nin
th¢ vrBani5aiion aiid biiilding ils professional neIork.
Lurating a brfiad pmgrAmnie ol-puhlic p¢rtorni4ncis ¢ulwTal Jnd ¢dv¢Jlional eN¢nis
'111c Sionc Ncsl Icom contlllllLS to be aCtie in IhL cultiiral llnd perfnrn13ncc sectors. attending wrfot7nBnce8 ad
seeking olli artists partn¢rs for fuiiir¢ collabtsration anJ 5preaJing aaren¥$S of ih¥ organibation and 115 iiSii)n Iii
21)22-2023. IhL organ1110rt biiili on pn)giL'&s madt iii rccciii I-cars lo dLIivcT ils most artisticttllN- successlul and
'idesi leaching prugrdniiiie yei. wilh a vibrani and eileitli live pru£r8iiime ol- theaire. Illusli and 03Jiie. ciJ-
producing n¢M works and presenting eklslirtg prodiiciionl as WLII as supporting artists ihind the sccncs in rehearsal
and dcvelopeTrl. Parfner.% ilijb l'ear inLluded e¥islTng wid Nei% ci>llab(>rdlurb IllLILiding Aeii J. Riepe Ki)Tnpanie Ilhe
Pniieml
an eXri¢11t]al sacral happ¢uing fmm on¢ of F.Un}E s mosr bOLighi-aft¥r chorcogrpahrS and th¥ L.'K
PT¢tnier¢ ol- hi% itr(Irkl. the aiiiLrican ViLafivus 11)ebaie
L71dwiii I'.%. Iliirkl¥
I'K prctniifi l)I' radiLally %iag¢d
productioii of ihe historic 1965 debate at the Cambridpe lJnionl. Londoii Hwdel Fe£tivg1 (ln ili¢ RL?alni.f of.Sorroiv
£riticallv 2cclaiined sia81118 01. I landcl oniaia.q dir¢¢trd aiTrard-%vinn1ng ¢liriiiar Adul¢ Ththmaxl. Se1111Th
QiieeNJr¢le IOu¥¢r Eiirih Liuui¢l.IIuri¥r5- d 2 eienl explvrin¥ deLoliinidl dnd 4ue¥T ¢ciilv¥iesl. Dalllt or Die
Iodds On - an intLractlN-L' shnn tilm exploring oiiline gaTnbliiigl. 111 INI'I Iihealre Ifo.s.r ilie IIGI). Delarus Frcc
Iheaire I Ili¢ .Vl4Ji¢J. hii¢l u T¢ilAiJi% SIKIJJyiv
iIILiiiersive dining pruducilort exploriiig Ille iinpail uf wwii on
Bilanibian so¢iei>). PaTk Jiha lil) collabnralion V¥ith K-music P-c51ii'all. IAinnic Hollc! lin collaboTttliun ii-iih
ArLan¥ell. Fourth C'hoir. Ilidden JaiL C'lub. Mieke. Cliristine and the Queens 1sLiilpture installaliolll. OsL3r
P¢ter5,.'John A150 Bcnn¢ll. Mai Kawuma. Koki Nakano. Nina H4rri¢s. Nick Ilart. Kasai Masai. EllaLiro. Laura
Cirts¥¢$. Cithrtfowl. Shv Tlairn. Rvsc TITuford aiid FutUTe Talent oih¢r5.
Along¥tdL arti.%ti¥ aci1¥ 11) In tlir maiii p¢rftsrmaiii¢ %pa¢e i)f Ili¢ Lhap¢l. lh¢ bar'"B¢li)Ni Siiine Nr%i' al1 enahl¢d
the progrninming ol-a iari¢lv ofmusll artlbTb b¥ll¥i &iiil¢d Iv the irtliTnd baTn¥nl SPill¢. MhiLh hab- enriLh¢d
thL' Lliaiifv s public prograrnnic aiid bTouthi ncw audience in to the building. as wcll as a vital income streatn.
FIN.INCL4L REI'IEW
l)urtn8 Ilie peiti7d lh¢ %ol¢ x)UlLC of fuDding fili Ili¢ Charil! k¢n di)natlVnb Ir(Trm aD an()ii)ious dvrtvr. Th¢
donaiions re¢ei¥ed the year been suICien1 io ineet all expeiidiiwE of the Qhariry Oser ihe yetti and
consequently there are lulld.8 in deticil.
RESERI'ES POLICTr"
Resee8 are n¢edeJ i() bridg¢ ihe gap between Iht spending and rttyivingk of re)UrCe% and eoi'¢r unplanne(I
c.xpcn$cs. -] he l-riislec5 considcr th&t the Ide lee1 nf reserves as at i l mrch 2111i 14ilLild be (iBP 15.000. The
I1ee8 believe iliis lo be a relean1 ioiisiJeratioii as Ujese lunds ¥¥tsuld £nsiire iliat ihe iliarity w'thuld be able its iii¢et
all fore%eeahle Cnsrs for ihr¢e monihs.
The actual teserves for the year enduig )] Nlarch 2013 WEre (IBP 51.657 1202?: GBP 1.6091. The Tru51ees sliail
consider the re£en'e% polic% on an nngoing b&qi% and make ¢han8C5 as dL'cmcd neLess8r!.
PL.4li.S FOR FIITI'RE PERtODS
%toll¢ N¢x ivill itsrtlinue 10 siipp()rt Ihc gradual improTrcmcnl Df thr building In linc %¥Tih il.s pr*1(11 rLqiiirem¢nt
and art2slic 151. Ihe d¢i
TRI'STEE5' REPORT inlrastrii¢iure.% L)I' laci In 4 Ji8llal i1)r1d. fri?ni vnc of Ihc {)r1d-5 leading cunlemporar% Arab Iliealremakers Sulai rnall Al Bassam. in collaboraiiun '1[h Shubbdk Fes1iI31. The charity- Ivill 31so host a residenci. ol- li lark ThomLs ("ressida FIr()n. lor iheir deielopin¢ni ol'fd [..dards, Fnglund& Son5. Rfr.l.Al'b.D P.4KTIK NonL of the Iru%lcc5 rcccivc rcmiincration ar other IJ1ClaI Ie[It frDni ihcir iiork- With the C.'harit). Am Lonneciion belileen 3 Truslee or senior nJdnd&>¢r of Ihe cliariiv Miih a prodiic¢ion Compaiiv. cortirn¢ied aLltsr. p¢rSoMncr or ixhibiior musi k. disclobL'J 10 the liill board ol. Iru5tLY5 in ihc samc Va!- Js an}. oihcr cuntrartual relaliLins1iip wilh a relaled party. Iii ili< iurrelli yedf liv Silih trldied part¥ traiisdCIIDlly ere reported. sei ierms 01-olli¢e trorihe Truslees. Nlr YNoii Putrick l.¢ Floch Is Ili¢ sol¢ director ol'.4rgenieiiil Liinii¢d. Th¥ IhaFilI is lurteni1 occupying ihe prapertv knoll a5 1)6 Shaft¢sbui'! Avenue. th. 4bov¢ rn¢ation¢d pr1ncipal Iljcc. l.icenc¢ lo (k¢upy. Mr Yioii Vairiek l.¢ ri()¢h ib Ili¢ %tsl¢ dir¢£lOf •l' Flalia I,Imilrd- Ihk 14indlord ofihl pn)peny. ETIC3 CtuiRp is a partner ol. Bates 'ell$ Braiih%vaite LS.P. a law limi pro¥idiiig legal advi¢e to the Charil! on vrte area ol. adi 1¢¢ oiil¥. lor Th¢ period ol. th¥. aCLfjun15. E.rica C'ruinp does nDI prol-idc ally Icgal 5cn iccs hcrsell- and iq a(11 iiivolved insinKiiiig Bdleb Wells iji tliis oiie 111 anv eeilL the legal serviL¢s lIOnIe io irt Ihis learl. EXENIPTIONS FRO_NI DISC-LOSL"RE The Charity. has not Ulilis<d an%. exemptions from diselogure. FI N'DS IIFLD.IS CI'STODIAN'I'kl'S'I'kE OIY BEH.4L Tr Ofr U'I'IIEIIS Tlie Charitr. and its I"ruslees gre noi acting as C.1dI&ll tyu%t¢L5. FI'YD% IIEI.D.1S CI S I'OI)IAY'I'IiI"S"FTr.F. I)N BEIIALF or OTIIERS The Lharifv and its'l ru5tCQs arc not acii51g as c1151odian Erustees. iUSK N1.INAGEEEV[ 'lThe ITu&ILes have a risk iiiatiagejijeni strateg) hch Lomprises.. An aDiiki¢l r¢i'1ew ol'thi risks Iliai (hi ¢haril! m&) re- l-hL itslablTslirncnl I?1.51ini5 and procLdures io iiiiligale tho risks ideniilied ID Ehe 3niiual r¢view: and The impletn<nLltion ol. procedure5 desjgntd 10 minimise anN pow?ntial impa¢1 oi) the Charits shoiild those risk% matLf1a11¥L The rcviiii has identified Ilial financial 5U51ainabilib is th£ niajor frinaTrciDI risk lor Ihc chants-. Iii CollaTatiOn ltI7 Ihe landliiyd. altentiun has also been (OCUS%ed ijn non-fin#n¥ial risks from lire. h¢¥lih safe¢¥ of artlsls and audi¢llc¢ and m8nag¢in¢iii of p¢rfomiing rights. B order ol-the Truses '¥'oTh Patrick le fioch Ch#irm4 ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
TRI'STEES, RESPO)SJBILITIES CompanN' la3 requires rhe dtreLiors, iylb) are referred here as the TTusiees. 10 prepjre financial siaiemen15 for each r¢sourc¢s 89r¢5 e¥ptnded diirirjg that vear. In pl¥p1¥ Ih(kyy finanLial ¥iaietnenlb. lh¥ 1 nislees are r¥qiiir¥d • select suitabk accounting polici¢s and th¢n appls. thtm consisietsily.. • mJke judgemen15 and e51iJnales ilidl &re iedsun'ible aiid ptudeni.. • stale Thhetlier applicable aicoiintinq qtaiidarils and 5lai¢iii¢nib of recomiiiended prnciiie have b¢1) lollowcd subj¢LI 10 an! depaniires disLlI)bed and e.KplJined in Ihe findllLial stdlvrnenls. prepare Th. linancial 5talemenrs oll the goi08 concern basjs unless li is inappropriat¢ to presiilne ihat the C'hart The Trugtees 2re lEspolbIe for k¢¢ping proptr aciouniing records. %vhich disclose wilh a)nable aicura¢) ai an Ciitnpanies ALI 2006. Tliew dre 3150 responsible for safe?iiaidins the se15 of the Charii! and hence for iaking r¢817&ble Steps fror Ilie preventinn and dL'tLCt10n of fraud at)d oihcr irr¢gulatiii¢s. "the Spad ol. CoN'id-19 sCTr"eTel impacted many local ecoi)omi¥s ground EhL globc. McasurLS tak'tn to contain tlie mgger¢d £igiiiliiwii disrupiion% 10 businesses ¥¥i)rldiiide. Tesiiliing in econumi¢ sluNlown. Cilobal 510ek mtsrkeis al.Ro e.¥peYienced added wolalility and a genernl %YeakeiiiRg. tiov¢Tnm¢iii$ 1nleTveiied iiitli nionetary, aiid liscal poli ro udd siabili¢s. Tlie Tru&lees hae delennined that Ihese e¥ents are nOn-gdjustg subs¢queni ¢%¢nis. 2nd $ih th¢ finallcial pnsiiion ld Yc8ulLq tnr tlic Ncar cllded 31 Marcli 20?1 ha¢ t1 betn adju%ied 10 r¢llttyt Ili¢ir Impaci. The duraiioii ar¥J impaci of the ijiu5 r¥tnains unLleJr LiirrEllTli and it tsn I pussible lo reliabl! e511ale ihe seierih. of Iliese cOnqUenCes. Ds iiell as Ilieir impact on the tinancial rb0.51tTh rc%ulr5 01-thL Lliarity tar fuwre rIods. ie Truses haie pr¥par¢d foMa51 liiiaii¢ial inlormalioii and b#li¢fve Ihtti lh¥ Lharili. has sutli¢ienl Cash Ilows. incliiding SLlPPQn IN)iii ils anoiiyiiious d¢inors ivhere requiyed. lo ContilIe ta operate as a 8alll8 Lnniern. Flv orderol'ilit Tru%iLS Yi'oii Patrick le Flo¢li C'hair ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
ISDEPENDENT EX.IIIINER'S RFPORTI'OTHETRI.'STEF.S OF STONE NIEST r¢ptsn oti Ilie aecouni£ af thr compani for Ihc vcar Eftdcd.11 March 2023. which ate sel oul 911 page 8 10 15. ke$pon$ibililie% bo%1$ *frEiitsrl As lh¢ Charili s Ttusl¥vs uf The Lomplln (and also its d5recio lor the PLirpNises ol. cotnpanv lam) You #te rcswnsible for the preparation ol'thL accouiilb in awordaiic¢ iyitli Ili¢ requir¢innIS ol'tli¢ Lompani¢s Aa 2006 I'the 2006 ALI'I. Hdvlng saiisfied mvsell. thai tlie a¢coonis orth¢ Cornpan Jie noi required 10 be audiied L?Jer Part 16 of th¢ 2006 Aci ard ar¢ ¥ligiblL for indeptndeni exajiiinaiion. I rvport in rcspLd of m) e.xatninatTOn ol'IouT C'.harih's a¢euunls as follow¢d Ilic DircotiTrns gii¢n b!. Ihi ('barirJ I'ornmission undtT section 145(il Ibl of Iht 2011 Ad. IDdependtnt t¥aminer'5 ststemtnt I liaie ioinpl¢i¢d m) e.%aftiinalH)ii. I wnfinn ihal matt¢r5 hav¢ coin¢ to m> att¢iilion in coiiiiwli{In M Ith th A)natin gii'in¥ me c&llse believ¢.. 111 a¢eoLiniing records were noi kepi in re5peci of the ¢otnpanv As requiied b) section J86 of the 2006 A¢i." or 121 thc accounts do not accord with tho.se accounliiig rccord8'. nr 131 the dccoiinis do not Loinpl} li ihe aLLOUlllIA&b reqiiirem¢Nis of biition 396 of rhe 2006 A¥t oihtr than ali requirLiriiii Ilitti Iht c1CLVUIIts giNL a 'lrLLC and frairf i ici4 14hich 15 Elot a InatÈL'T ConlderC.d part ol. an indcpciidcnl 141 th¢ accoiiDts h9¢ noi hcLli pripatyd In aecordanc¥ wilh thc mcihtsds and priii¢iplis ol. Ili¢ S¢aK'm¥ni ol. cL[d7£e 1th the Fi119Dcial Reponino Srandard applic•bl¢ iii Ihc IIK R¥publi¢ ol. Ircland IFKS 10?11- I have no concerns and haie eome a¢TOSS no other matters in connection iiith the examinaiion to wliich alleniio should dra in Ili15 retx)rt in order lo eiiahle & pmper iindeTslandiMg ot'the accounts to be TeaCd Colin 11-ri%ht bC'('. 1811212023 I-lll. Il#£ker I'Truttg Ch1¢111 ALlVUnllS 4.1 horna% More %qu<ire London El. IY ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
.ST..ITF.t¥iTr:Yi' ()F TrIN..INC'IA T. AC'.TITr'ITlb.S FOR THE I'EAR ENDED 31 .IIIlRCH 2023 I'Drestrieted Total I'e*r 10 31 Iarth Ye#r 10 31 .NIarth I'tthr 10 31 ,Nlareh 2023 CIBP 2023 GBP 2022 Donation.% and IL'gaiie R¢nial Incotne Ihhcr incoinc 10.000 295.?56 10.(XH) 295.?56 45.000 65.356 22.602 TOTklL 313.i57 J li.)57 li2.958 F.XPENW)JTI'RE ON.. 263.3119 ?6j.3O9 liO.5i6 TQ'I'AI. 263.309 963.301} liQ.ii6 ,NET.NIOI'E,IIEINT F'OK"fEIL I LAR 50.048 50.048 {17.59&1 Total tunds bn)ughi forn¥ard 1.609 1.609 19.207 TOT AL bl"NDS I.'ARklb:D P'nRIVARI) 51.657 51.6)7 1.609 All of th¢ atN)¥e r¢sulis are d¢'tivLd from ¢ontinuirtg aeiiiities. The statement orrinancial a¢tivilies includes all gaitis and lo.%s¢s r¢LI)gnibrd in Ihc vcarlprricid. (The noteson pag¢s I 110 15 fomi pari ol'these rtnanLial siai¢inentsi ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
ST.4Tb.%lTr.N'r OF FINANI'IAL POSITIDN .IS IIT 3111.IRCH 2023 31 llaroh 2023 GBP 31 Nlareh 2022 GBI> ote5 C'.I'RR Tr. ASSETS R¢c¥iwableb Prepavmen15 Cabh i85 3.609 j9.?96 354 706 4.887 10 63.490 5.947 l.'R&-Dl'foKs I¥Mnt% falling duc within Trn¢ y¢8rl: Creditors and accruals Dcposit% rLYciied 9.833 2.000 .NET C'I'RRE.NT ASSETS 51.657 1.609 TOT,IL IISS..]s 51.657 1.609 C.'IIARlTI' Fl TriD. I'.nre$Tric*d iii¢ome fuiids il.657 1.609 TOTAL CH.KRITI" Fl"TriDS 51,657 I.)9 Fur the finanLial yrJr in 4Ue.4111)n iht UjyrtpIv iv45 ¢niiil¢d Iv ¢xempiion uiidcr s¢¢lliin 477 01. the Cvmpanies ALI 2006 larin¥ ro 5mdl Eompanies. No MettlS have required the (ompani EQ oblain an audit of its account for ihc vegr in accordance with seilioii 476 ijl'tlie C'oillpnnies A£1 2006. I lie dir¢¢ior% aukiiowlLd8c Ihcir rcbpnnsibility tor coTnpl>in8 1117 IhL rrquircmciii3 of thr Cornpanies Acr 20()6 with respect to COunting CordS gnd lor the prep3rntion ol. financial st3t¢iiient5. ie finaniial 51ai¢inents were approve(l and auihoTised (ur issue b! the buaid of Trustees on 14.crc signcd accordTngl!". and %"von Patrick le frloch Trubtee Companv R¢gistrthlion )b¢r 08301111 (Tht on ptsgcs 1110 15 lorm p( ol-Ihes¢ tit)ancial sialernenisl ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
STATTr-MTr-NT OF C".4511 FI,OIVS FOR THE I"E.,IR ENDED 31 _11.IRCH 21123 l èlpril 2022 l .-Ipril 2021 Notts 31 Nr(h 2023 31 .Nlarch 21122 lip Cash floiv frnrTr optrnling { livities Nci Incom& l¢¥p¢ndiiur¢l ITTJLTras¢1 ID pr¢payiiiLnis Incieaye in pa}ables IlncrLaseli dLLre35¢ iii recciiabl¢s IttLredsei IdeLi¥dSe) in dewsils Teceii'ed 50.048 12.YOJl 5.495 1261 2.oon 12.ODOI Ntt cash Iiillow ltsutllows) fn)m operali0Th8 54.409 Cash at the begÈnThin% tt¢ vear 4.887 21.505 C'5h it Ihe end orthe vtar 59.291) 4.887 (The te$ on pages 1110 15 form pall vfih¥se finan¢ial biJteinent51 10 ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
OTES'I"O"I"HE Tr'INANCI.IL S'I.AI"Tr..IE1"s FOR'I IIF. I EAR E,NDED 31 NL4RC'II 2023 AfCOI POLICIES The principal oceounling Emilicies adopted iii the preparation ol'ih¢ tinjncial siai¢m¢nfs are as tollo%is.' lal BlS ofprepuFalivn Tht fiiianLial biaiemenis have been prepared in aiLorddllLe with.4LLounlingp aiid Kepvrting b) Chcliili¢s.- SidlEtn¢nl vr Recommellded Pracliie app11cahle tn chariiics preprIng t.1r ac¢ouiiis ill 4¢iordan¢L iviili Ilie S.'inJti¢ial R¥PI)ffin8 Siand4rEi appliLabl¢ iji Iht LK aiid Ihe Republii lif Ireland IFRS 1021 letreiliie l JJniidty ?0151 Ichdrilies SORP 2019 IFRS 102)>. IhL' Financial Rcporting Skindard applicablc in diL IIK ]d Republic nf Ireland IFKS IIIYI and the Lotnpanie& Aci 2006. Stone Nesi tneels ihe definiimin ora publiL nefIt eniil} under Fks 102. The C'liarityi has pYepar¢d a sithiemcni ttt'ca%h IIoN¥% using Ihc indiCl Inrihod. Icl Funds Cjciieral fiinds tsre uiirL51riclLd Miid5 availablc COT u. at thc difcrerioii ol. Ilie Tru%tee% in furtherance nf the gener&1 objeLliies of the Lhariis aiid which haie iioi been desi4natrd lor other putpos¢b. Th¢r¢ Ile5i&¥naied lunds. and )xi r¢strici¢d iunds. Idl Interest pavabl¢ llli¢resi payable ib r¥L0ised in the SidlEmeni of Fi[icial AcliNilies in ihe year in wfiich they are i11cLred. 1¢) Incotntng resour¢¢s All incuinin¥ resuiirces are dccullnted libr when ihe chrit) lias elltiileiiieni io the fiinds. probabili. t)I'receipl and the amount is measurabl< WIILre iiicnine is reccivej in advallce ol'a PLrtonnaiioL or oilicr $ClI1LJ 5cfKiEL 11 is dLl¢rr¢d It) Re8ouTces expended and iriewverabl¢ VAT All res(>urccs cxpcndcd arc recoenifed nnce there 1.5 a legal or cnii4tructiie (>bligation io niake a pairnenl lo a third panv. All resources expended dre ClSried uiider a¢iivitv h¢adinbTrs Ihat gg&ir¢g)at¢ all costs relat¢d to the ¢at¢&yo tknrtaiic)n$ a¢ Lharg¢(t in Ihe year when lormall> awar(led b> Ihe frus1$ and iomffluniLakd io Ihe reLipiellL irrL'$pectii-.e ofihe yearcover£d bN' thc dolltiO11. as the> Are T¢garded hv tlie Trust¢¢% ls liiiancial obligations. Irr¥ov¢rabl¢ N'AT is ¢h&rged agaimsr the eaiegor!. of soUrCese¥lnded for iihi¢h li wag inLLirred. {gl Going coiiceni The Trusie¢s Lonsider IhEii di¥re are Tho maitiial uneertainlies about ihe Trusl's abililv li) Lunlinue as a gvitw Lviiiern. These ITnanLial gittiemvnis arL' prcpared undcT Ehc going conceTR assumption. l-hL Charity sliall bc con5idcrcd a goiTJg concern unless tlie Trnslees consider Llie purposes olthe Charii! nv Ivnbb¢f dppli¢ahl¢ Jr J¢em thai Ili¢y ni) l¥iibJrr gble to sour¢¢ fvnding 10 me¢t ihe purposes of tSie Charip.. or have no rvalisiii al*rnaiive bui 10 wind up Ih¢ ('haTIty. ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
OTF.S TO TIIE FIYANfi.ii. STATFlETs F()R TEIF. I'Tr:AR Tr-INDED 31 NIARCII 2013 IN('OIIINC: R Tr-S1)I"RC'ES FRof41 VQl.I')'I'ARI' INC'OMF ear eDded 31 IIArrh 21123 (:iip l'ear ¢nd¢d 2022 Chtsriiable donaiiortslscc beloiyl 10.ooo 45.lJOO l'ear tnded 31 Nlarch 2023 GBP l.ear endtd 31 lJroh 2022 GBP Anontrmous 10.000 45.000 2023 SI'PVOK'I. <'OS-I"S Building Dti'elopment arltslic olperformane¢ TTrtg1 2023 CBP B9sis CBP CBP (i¢)ieriiaiice Iiilonnatiot) iechnology 2.507 2.)06 5.013 Titllv spenl Time spent Tinie 5peni Time Spenl liine $peni Iluman resoiirces CieiJLYal manag¢menr 1.500 75.697 1.500 75.61)? 3.000 151.194 1111.649 80.648 161.297 2022 SI"PPORT COSTS Buildill% Deielopmernt artistic of ptrformatt¢t rv8rtiJiii Spllct Tol#l 2022 ilaFi5 Trf Ilooatio C-BP GoTr"ernance Infomigtii)n ttchnoliigy Pa1] adminiblraiion Ilunian resources Cieneral maiiageineni 1.986 2.291 .986 2.241 3.972 Time 5pLni "rime spent Timt ipeni Timr sprnl Tiing spgni 1.872 1.974 56.074 1.9Z4 i6.074 126.42? 12 ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
OTES 10 1"Hg Tr'l.%ANCI.4L ST,1'I"L[E¥r.5 F"OR I'HTr: I'EAR E.jDED 31 NLIRCF12023 AN.4LI'SIS OF EIPENDITI"Rb.' OIN CIL4RII'ABI.b: .4rrI.i'I.iEs Ytar eThded 31 .Mgreh I'e2r endtd 31 llar¢h I'olal 2022 GBP A¢iiYili¢s Iprani lunding nder1ktn dirlIV C.8P pport cost5 2023 (:BP I:BP Biiilding artistic programihc IU2,012 2fi3..109 15Q.556 102.012 161.297 263.i09 150.556 .LN.KLI"SIS OF EIPE.jDITI'RE BI. I,ITI RE I'¢ar ¢Dd¢d 31 l1xrch I'thr tnded 202? GBP GBP Annugl pr¢mises li¢enc¢ fee IlJnk Cliarge. Bwiness prup¢rty rate 295 249 295 179 4.454 3.4411 2.637 Company F¢e5 C'ouri¢r and w)sittgL fL¢.I Dile5 and siibsLiipliuns 5.62 .505 7.427 2.40Q 65.303 2.2)0 1)77 7.867 14.198 2.8(16 2.187 79? 20U 8.399 Employei's pension contributio I.NLnt expendire Ind¢pendertl ¢AamineLS fees Insur7CC Legal and pmfessional fe¢s Nlarketin2 c(Jsis frals anJ IK)spii#lily Otficc cquipmcnt 14.272 1.500 923 4.720 925 678 535 PriiJc¢i iXP-nditurc Repairs and mainienanc¢ Rerth cypcndiiurc S¢ciiri Trailling Trdvel and accornmod31ion 3g¢s and salariis i'arihousing & >1ara8C Water 1.878 4.764 2.2)9 978 298 924 78.547 260 978 li.722 3.063 2,841 6.401 104.30J 2,Oi4 26.3.309 150.556 ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC
No rF.s i'() TIIE FIY.&N41'1.I1. %TATFNIF.NTS
FOR THE I'E..IR E.NDED 31 11..IRCH 2023
A%4.ILI'SIS OF STAFF COSTS
l'ear ended
31 Nl#r¢h
2023
CBP
'ear trjded
JI N(arch
2D22
GBP
Salarirs and wages
EmplOeS Nll coniributiTrn%
104.303
7.4?7
2.400
78.547
8.399
811.863
No eniplo)ee5 had emolllinents. ill ¢Xi¢ss ofGBP 60.0(K) durtiig the year.
The C hilY TSlee5 paid Dr reiiiiburseil ¢.xpeiiye5 durin¥i d]¢ y¢ar allJ no Charit) Trustee recei%¢
Lmolum¢iii or paimcnt for proft55iotl 01 oiheT [vIte$.
STAFF NI'NIBERS
ThL average lillinref lull-tirne equivgl¢ni emplo!'e¢s duriDg Ihe v¢ar,'p¢riod wa& as tolltyws..
I'car eThdtd
31 114r¢li
211?3
I tllr ended
2022
ber
TJLX.ITVO
The Cliarily i& ¢.K
Nol'ES'I"o'fHE blNANC.-I.IL 5TATE3IENT.S F()R TIIE I"E,IR E.NDFD 31 IIARCH 2023 CREDITORS.IID,ICCRI-ALS 2023 GBP 2022 Atcni21 tor indepeiident examin¢r5 iri i¢w tee A¢¢rual fi)r indip¢ii(kiii ¢xaininLr'.% pri£)r)car TCVtcM. Icc (hher credilcirs and aLKurdls 1.500 1.500 1.338 1.80 8.Oi3 9.8i3 4.338 ,IN4.IL YSIS OF. ASSEI"S BLTWELN FI-ND. I nSIr1¢¢£ funds Reslritied Ttsi41 202J GBP T•ial 2022 .Bp GBP C&sh at bank Cabli helJ b¥ Ihird pai1ies PTLya)"mLnt£ Debiurs Depostis receie AcLruals i8.971 3)5 .3.frt)4) 5¥.971 325 3,609 585 14?41 700 i54 12.IM)O) 14.3381 TTrlal il.S97 51.697 1.609 13 AN.ILI'SIS OF r¥I0I'EIE.NTS I.Y I'YRESTRICTED FI'IYDS Brothgbt ('.#rri¢d fviTrvard Expendiiure GBP LBP GBP General fuiid 1.609 i l J.357 26).iQ9 51.6)7 rot 1.609 J13.357 263,J09 51.657 14 REL.ITED PARTIES ,In} ¢onne¢tion be¢%ieen & Truse or Mior tnanager ot the Chariry iiith a prodiictioii ¢omp4ni'. coniracr actor. perfonner Trr exliibili)r tllust disclfised in ihe full board ol- TrLlSt¢e% ill the %aine 45 ant other contractll r¢lationship with a rtlated pam. In the ¢urr¢ni JeaT tio SllLli related party transactions Ir¢ r¢wned. "lThc Qliarity is irrentl]. occupying the pmpert). kn'n 1.36 Sliafrtcshurl Avtniie. (he aboi c Tncnlioncd prinL'ipal ¢iifiLe: i)ii a l.i¢¢nL¢ 10 O¢¢upi. for nil ¢onsi(leraiiun. PdlriLK Le Fluili, one uf ilie Charit!'S tIu¢¢s. is also lh¢ Sole dir¥iior ofBalia Limited- Ihe landlord ot thc prOrtY. Erica Criirnp is a pdriner ol. Bates Wells. a laii lirtn historieally pros'iJing Itgal a(tki¢¢ 10 Ihe Charirn. one iiIDtter LfL. thL' linn hi%ty)ricallw adviKd Ili¢ Chariis. Elai¢% 1¢115 has nnl hccn in%lFuclcd to provide legal adKi¢e ort any oihvr maii¢r (dnd *iny n¢ii insliiiilivns wviild need lo tollow 3 contJict5 proce55 srecilicall ttdvpiLTrd tyv Ihc mist"5 for apwinling tlaic5 Wells). In e.nI. tho 8L'r¥'icc% totallid Cjf41) nil in Illi% yiar 1202?- tir3P nill bui Bales W'ells coiiiitiued io pTovide th¢ r¢&bisiereJ uific¢ >er¥i¢es ioialling GBP 1.393 12022 .. fjBP 61101. Ai at th¢ v¢ar end ihcre wa5 no work in prooress Bales Wells. Nu eirplvyee is Lonsid¢red tu be management personnel. ENV63450604-7076-DBDD4472-ECCA 1811212023 13..19 PM UTC