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
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INAN('1.4L %'I"A"I'Tr"NIè.')"I'S PUII'I"IITr- I'Tr:AR *.NDb.l) JI INIAR('112U23
CONTENTS
Pages
ChairrnaTr5 rC￿rt
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
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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 111￿Ch. 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
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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<ilirnl la daniL work fn)m one ol- lilro￿ % mi)%1
sou¥hi-aA¥r LhoretsgpiJphers and th¢ LIK prernie￿ vf hi¥ and Ihe iimeficdn % IC&iriiiuy Debnle
Tlthvin
Biicklcv l[IK premiLre of radicall! ftagid pr(Jduction ol- IhL liistorii 19bi facL debate at the (-ambridBe I nioiil. IhL
ifiiiLallw aL'Lldim¢d ol. liiur HJn(lel Lanui4% Ipi ih¢ Rv(Ilmi v[.SrJfiyJN' ISii)nt Ne51-5 4L'L(?nd collaiM)rniitsii with
Ihc l.ondTrn Ilandcl Fc51ii'all wid Ilclaru£ F-rcc 1-he￿tTe s Ihe illa.fier h£7d o Tg71kiJig .liMrimv lan iinmcrsiie dining
pwductiun exploring ihe iiiip&t ol- W'WII tsn Beldfutsi3n l. The ihwit! s gruwinby neiwork. audienL'¢ b￿¢ and
prodlle11o11 Iraek rLtord pui li iii a sirong posiiiom 10 promoit the arts 10 che .QLniral piiblte ollir ¢duLaiTonttl
cliiilies. iii ILlrtheraiiLe of ils Lhariiable ubjecls. In chstllg. l %vould like io Lhank the %ponsors and st3tl' aiid louk
roNard 10 (k.lii'cring p)siiiN¢ rcports in filll1￿ )ears.
Yi-nn l>alrick- le Floch
fh¥irm*n
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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 ha￿e biLn preparLd on IhL basis ofihc aceouniing
pDIiLICs Sel oul in t￿le l io ihe linancial slaleinenls and coiiipl) with the requireillents lur a direciurs. report and
arcollnts for comp￿IL5 Aci piirposts. Iht ¢omparaii%'¥ }iar from l April 2021 Iv 31 Mareh 2022.
The fin￿lIa[ 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.ryl￿GD0Cl..l1E,VT
s￿n¢ 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￿¢t￿lte 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 th￿e 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
I￿ard 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 p￿rIOr￿anLy relaled dtslivii), lu Ilie ArtiSiiL Direclor L hiel.
Executive.
0￿ECTI1.Es.l￿D 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$inn is to promo1¢ ¢Yperim¢nial. Unex￿¢1td and daring art?Slii practiLL' acrt)ss a diver%¢ rangt of
Ihe#ir¢. Jani¢. In￿1£ and inierdiseiplinary art. and to brittg Li lu J wilie dudienLe. Siull¥ Nes1 ￿lI1 e51ablis1i a Creati￿e
lab)raior%' produilion hoiisL' with a closclF liiiked pro¥ramrnc ot. residcncics and COTnrnissions. I"hi5 modcl will
allo￿ the Liirntion of3 Strong puhliL' pr()granim¢ ul. coniemwrarn p¢rformdttL¢ ￿hlISt ¢nibrnting risk i¥king 31 seed
kv¢l, teeding Tnto tli¢ ivid¢r arts ecos5'si¢in.
PI'BLIC BE.NEFrr
The TrLlSte¢s llnd managemeDI are commiiied 10 Pro￿lding public benefii through (he ihariiabl¥ a¢iti tty of Sitsne
NLSI. and hai'¢ iaken Intt) a¢ctsulll the Charih CoiMini55ion'% guidancc in th15 arca.
Stone Nesi ai]n5 10 ¢Teale a meetiiig ot bold. i'isioiiary art and a ikider public..Situated In th¢ liean ofr'London's world-
life dirough inspirin¥ ¢xp¢rienLes. By produLingr Presl￿1117¥ a dii'erge pru¥rdTllm¢ ol. cviitemwran ￿TIO￿nIng
arts in a ccniral and accessibly designed perrorin￿￿le space i¥ith an aftordAhle lickeliNg p)Iici'. will ensure rhat
0111 dclll ITTr bEnelii5 95 %wide an 3udieJ]ie & wss&ble.
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TRC15TLES' REPORT
.4C-IJIEI'EP*lENTS A)4D PERFOR￿[*￿4rE
C'ontinuing li) supwrt Ihc rL'dcvclopiMcni of Ihc building into a flcxihle [￿l'tOrming arts spacc-
Continiiing to dciilop a siistginablc opiraiiortal and businiss mod¢l-.
Sir¢n¥th¢nin
th¢ vrBani5aiion aiid biiilding ils professional neI￿ork.
Lurating a brfiad pmgrAmnie ol-puhlic p¢rtorni4ncis ¢ulwTal Jnd ¢dv¢Jlional eN¢nis
'111c Sionc Ncsl Icom contlllllLS to be aCti￿e in IhL cultiiral llnd perfnrn13ncc sectors. attending wrfot7nBnce8 a￿d
seeking olli artists partn¢rs for fuiiir¢ collabtsration anJ 5preaJing a￿aren¥$S of ih¥ organibation and 115 iiSii)n Iii
21)22-2023. IhL organ1￿110rt 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 i*hind the sccncs in rehearsal
and dcvelop￿eTrl. Parfner.% ilijb l'ear inLluded e¥islTng wid Nei% ci>llab(>rdlurb IllLILiding Aeii J. Riepe Ki)Tnpanie Ilhe
Pniieml
an eX￿ri¢11t]al sacral happ¢uing fmm on¢ of F.Un}E￿ s mosr bOLighi-aft¥r chorcogrpah￿rS 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. Se￿1111Th￿
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¥¢$. Cithrtfowl. Shv Tlairn. Rvsc TITuford aiid FutUTe Talent oih¢r5.
Along¥tdL arti.%ti¥ aci1¥ 11) In tlir maiii p¢rftsrmaiii¢ %pa¢e i)f Ili¢ Lhap¢l. lh¢ bar'"B¢li)Ni Siiine Nr%i' al*1 enahl¢d
the progrninming ol-a iari¢lv ofmusll artlbTb b¥ll¥i &iiil¢d Iv the irtliTnd* ba*Tn¥nl SPill¢. MhiLh hab- enriLh¢d
thL' Lliaiifv s public prograrnnic aiid bTouthi ncw audience￿ in to the building. as wcll as a vital income streatn.
FIN.INCL4L REI'IEW
l)urtn8 Ilie peiti7d lh¢ %ol¢ x)UlLC of fuDding fili Ili¢ Charil! k¢n di)natlVnb Ir(Trm aD an()ii)*ious dvrtvr. Th¢
donaiions re¢ei¥ed the year been su￿ICien1 io ineet all expeiidiiwE of the Qhariry Oser ihe yetti and
consequently there are ￿ lulld.8 in deticil.
RESERI'ES POLICTr"
Rese￿e8 are n¢edeJ i() bridg¢ ihe gap between Iht spending and rttyivingk of re￿)UrCe% and eoi'¢r unplanne(I
c.xpcn$cs. -] he l-riislec5 considcr th&t the Ide￿ le￿e1 nf reserves as at i l m￿rch 2111i 14ilLild be (iBP 15.000. The
I￿￿1ee8 believe iliis lo be a rele￿an1 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<lupTll¥nt ol the UlLTdllisaTivn. ils nelivuTL fiindraisingT 51ral¢g!. business ￿0￿¥1. bdr and
artlsiic prograillme. The Inllnageinent M ill cthatinuL' to re%Larcli thL InLal and in(iniatli)nal art.$ 8iCliC in i)rder lo plan
Ilie prograinme. 3ttendinb ￿rrorM￿L￿¥ and festivals aThd m¢¢iinbTr willi artlSts and pgnn¢i3 Buildin¥ imprO￿eMenis
iii thiq and tht in¢oinL b1reain generated ihe baT tr￿[￿110n ibill enabl¢ s￿￿e Nest 10 m%kL fulleT 118¢ ol'ih¢
buildin¥, a ivider ii udience. and cutale a progJJnnie ol'thi%l resideaLie5. woikshop5 and prnduLlions. in ordei I
]neet its charitable objectives.
Artislic plans Itjr the c4Jmin8 ¥¢ar In¢liid¢ JD.Snl'l.'D Il. RfsiDF.Ifl.'. & Inonth long pn)grumm¢ ¥Jf spaiMI
ei¢ni> Ili¥e perforinaiiLts. dilliisioiis. iioikshops eiL) inLluding a number of ¥YorlLI pretnieres. hvsied i4ithiii Ihe
.%pokr 411%01.'NI) 5V51cni installcd in IhL chapcl. OllL' Ot'the m(>s1 advanced spaliJl audio Sel lip5 in ihc iiorld. Slone
Nest will dlso present l.IIEDE4. R knld reitnagining ol- the inlamous Greek mith drawing on the eroding
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TRI'STEE5' REPORT
inlrastrii¢iure.% L)I' laci In 4 Ji8llal i￿1)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 [..d￿ards, Fnglund& Son5.
Rfr.l.Al'b.D P.4KTIK
NonL of the Iru%lcc5 rcccivc rcmiincration ar other IJ￿1￿ClaI I￿￿e[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 V*a!- 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 kno￿ll 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 e￿eilL the legal serviL¢s ￿lIO￿nIe￿ 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￿.￿1￿dI&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.INAGE￿EEV[
'lThe ITu&ILes have a risk iiiatiagejijeni strateg) ￿h￿ch Lomprises..
An aDiiki¢l r¢i'1ew ol'thi risks Iliai (hi ¢haril! m&) r￿e-
l-hL itslablTslirncnl I?1.5￿￿1ini5 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 Colla￿TatiOn ￿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 Trus*es
'¥'oTh Patrick le fioch
Ch#irm4
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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 ￿89￿r¢￿5 e¥ptnded diirirjg that vear. In pl¥p￿1￿¥ 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 lEspo￿lbIe 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¢8￿17&ble Steps fror Ilie preventinn and dL'tLCt10n of fraud at)d oihcr irr¢gulatiii¢s.
"the Sp￿ad 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 ha￿e delennined that Ihese e¥ents are nOn-gdjust￿g subs¢queni ¢%¢nis. 2nd ￿ $i￿h th¢ finallcial
pnsiiion ￿ld Yc8ulLq tnr tlic Ncar cllded 31 Marcli 20?1 ha￿¢ t￿1 betn adju%ied 10 r¢llttyt Ili¢ir Impaci. The duraiioii ar¥J
impaci of the ijiu5 r¥tnains unLleJr LiirrEllTli and it tsn I pussible lo reliabl! e511￿ale ihe seierih. of Iliese
cOn￿qUenCes. Ds iiell as Ilieir impact on the tinancial rb0.51t￿Th rc%ulr5 01-thL Lliarity tar fuwre ￿rIods.
ie Trus*es haie pr¥par¢d foMa51 liiiaii¢ial inlormalioii and b#li¢fve Ihtti lh¥ Lharili. has sutli¢ienl Cash Ilows.
incliiding SLlPPQn IN)iii ils anoiiyiiious d¢inors ivhere requiyed. lo Conti￿lIe ta operate as a 8alll8 Lnniern.
Flv orderol'ilit Tru%iL*S
Yi'oii Patrick le Flo¢li
C'hair￿￿
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ISDEPENDENT EX.IIIINER'S RFPORTI'OTHETRI.'STEF.S OF STONE NIEST
r¢ptsn oti Ilie aecouni£ af thr compani for Ihc vcar Eftdcd.11 March 2023. which ate sel oul 911 page￿ 8 10 15.
ke$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¢in￿nIS 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￿)nati￿n 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 Con￿lderC.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￿[d￿7£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 TeaC￿d
Colin 11-ri%ht bC'('.
1811212023
I-lll. Il#£ker I'Truttg
Ch￿1¢1￿11 ALlVUnl￿lS
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¥M￿￿nt% 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 Ujyrtp￿Iv iv45 ¢niiil¢d Iv ¢xempiion uiidcr s¢¢lliin 477 01. the Cvmpanies ALI 2006
larin¥ ro 5mdl Eompanies. No Met￿t￿lS 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 ￿N￿r(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
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OTES'I"O"I"HE Tr'INANCI.IL S'I.AI"Tr..￿IE￿1"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 B￿lS ofprepuFalivn
Tht fiiianLial biaiemenis have been prepared in aiLorddllLe with.4LLounlingp aiid Kepvrting b) Chcliili¢s.- SidlEtn¢nl vr
Recommellded Pracliie app11cahle tn chariiics prep￿rIng 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 indi￿Cl 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¥L0￿ised in the SidlEmeni of Fi[￿icial AcliNilies in ihe year in wfiich they are i11cL￿red.
1¢) Incotntng resour¢¢s
All incuinin¥ resuiirces are dccullnted libr when ihe ch￿rit) 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 $￿ClI1LJ 5cfKiEL 11 is dLl¢rr¢d
It) Re8ouTces expended and iriewverabl¢ VAT
All res(>urccs cxpcndcd arc recoenifed nnce there 1.5 a legal or cnii4tructiie (>bligation io niake a pairnenl lo a third
panv. All resources expended dre Cl￿S￿ried uiider a¢iivitv h¢adinbTrs Ihat gg&ir¢g)at¢ all costs relat¢d to the ¢at¢&yo
tknrtaiic)n$ 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 doll￿tiO11. as the> Are T¢garded hv tlie Trust¢¢% ls liiiancial obligations.
Irr¥ov¢rabl¢ N'AT is ¢h&rged agaimsr the eaiegor!. of ￿soUrCese¥l￿nded 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. STATF￿lE￿Ts
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
rv8r*tiJiii
Spllct
Tol#l
2022
ilaFi5 Trf
Ilooatio
C-BP
GoTr"ernance
Infomigtii)n ttchnoliigy
Pa￿￿1] 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
nder1￿ktn dir￿lIV
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 expendi￿re
Ind¢pendertl ¢AamineLS fees
Insur￿7CC
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¢
Re￿￿rth 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
EmplO￿e￿S 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 h￿ilY T￿Slee5 paid Dr reiiiiburseil ¢.xpeiiye5 durin¥i d]¢ y¢ar allJ no Charit) Trustee recei%¢
Lmolum¢iii or paimcnt for proft55iot￿l 01 oiheT ￿[vIte$.
STAFF NI'NIBERS
ThL average lillin￿ref lull-tirne equivgl¢ni emplo!'e¢s duriDg Ihe v¢ar,'p¢riod wa& as tolltyws..
I'car eThdtd
31 114r¢li
211?3
I tllr ended
2022
ber
TJLX.ITVO
The Cliarily i& ¢.K<tt)pl fn)m on iiicu￿1e eaiiis fallin? widiin seciiun 505 of the TLxes ALI 1988 UT
seciion 752 of ihe T&x&tin¢i af Charg¢8blL Gains Aci IIW2 10 thi ¢xi¢n¢ Ihai thr$¢ are appli¢d 10 Ils ¢hariiabl¢
ubjeLIS.
io
2023
.RP
2022
I:Rp
Natwcst curtCllT ac¢ount- Gtip
(-L5h held b) Pl& ymll pr(>1 ider
58.971
325
j9.?96
4.887
14
ENV63450604-7076-DBDD4472-ECCA
1811212023 13..19 PM UTC

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 n￿SIr1¢¢£￿
funds
Reslritied
Ttsi41
202J
GBP
T•ial
2022
.Bp
GBP
C&sh at bank
Cabli helJ b¥ Ihird pai1ies
PTLya)"mLnt£
Debiurs
Depostis recei￿e￿
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'E￿IE.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 & Trus*e 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 I￿r¢
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 prO￿rtY.
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