Company Registration No. 07966699 (England and Wales) Registered charty number.. 1150374 SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE (A Not For Profit Company Limited By Guarantee) DIRECTORS. AND TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHANTER, BROWNE & CURRY Chartered Accounlanls 1 Plato Pla¢e 72-74 St Dionis RDad London SW6 4TU.
SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE CONTENTS Report of the truslees and dlredor8 Independent examinefs report StatewEnt of financial actrv5bes Balance sheet ststen*nt of cash flows 10 Notes to the financial slalements
SHUBBAIL. A WINDOW ON CONTEMPORARY ARAB CULTURE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 The trustees who are al$¢ dlre¢tOTS of charity for the purse5 of the Companies A¢t, present their r¢port and the ffinanc4al ststèmoni$ for the year endad 31 Nr¢h 202S whith are also ppared 10 meet the requirernents for a dlrectors. report and accounts for Companiès Act purposes. The finanoal statèments cDmply wlth the Charib'es Act 2011, the Companies Act 2006, the Memor3ndum and Artic$ of Associallon, and In accord8nca wrth the Statement of Re¢gmmended Practlce.. Accounting and RekX)rting by Charit prèparing their accounts in accordan¢e with the Financial Rep).ng Standard applicabl8 in thg UK and Republ of Ireland IFRS 1021 Ud in October 2019 and the Finoncial RaKy)rting Standard applble in the Unlled Kingdom and Rewt4ic ol IreLgnd IFRS 1021. For the purposes of this r•Fy)rt and finanwl staternents, refereneas to"ShubbaV refer to this charlty. Interfrn Chair' r•port It give5 rne great plaasure to $h•re thls report for 2024125 as Interfrn Chair ol Shubbak. Shubb8k ts Europe's largast bienni81 festival of contemwrary Arab and South West Asian and North Afrlcan ISWANAI cuth1$, bringlrrfj grautsabreaklro and unexpected art vjorks to the UK. Shubbak exi8t8 to supkk)rt and celtbrate the diversty of Arab and SWANA 8rti8t$' creattvity and innovatKJn through our profesong1, partlcipalory and angagemenl programmes, nath)nal touring and blennial mulli-artrorm feskn'val. Working wth a range ot partners nationally and internationalty, we oxnmk4$ion, inilate and develop proj8Cts that encour¥ a wk1e range of creative approaches in an arbst-cknlred. audience focused Pro8. Over the past year, our dedicated team has been busy eommSssionirvJ and devèloping artists to ste new work in preparation for our blennial f$$tival. as well as hosb'ng International arbst re5idènoies. We are gr11 for Shubbak'$ hardworking and dsdicated stafi. and the Trusteès, tlreles8 commrtrnent to our objedwes to.. Prèsent the be81 of contemporary Arab / SWANA arts & cJJlbJres through ongoing programmes of actfvty and an ambitiws biennlal feslwal. - Prowde su$talned eng8gemFnt for our ccfflmuni¢res through our Inclusive prtgrammes and audi8rKa devek)pment Devdop a sustainable organlsational stratagy that diversifie$ irtome streams, and systems thal address our onylronmentsl respansibilty. - Champion divarse staff and pave pathways for careers into the curtural 8edor. Be a leading volce within and for the UKArab I SWANA sector. We stand firrn on our three pillars gf ArtistS0 Excelbnce, Freedom of Expreswon as well as our nwty-addsd Cornmunty PthcApation. W• espedalty want to thank our donors, lunders and 3UPPJrtèrs, irKludlng the Arts Council England, BrSh Council, Drosos Foundation, Galilee Foundation and Cockayn8 Grants for the Arts. We also want to thank our partners i[luding Bal¢an, Grand Junction, Counterpoints, Kiln Thèatre, Bnt Musoum. Lfve Arts Developrnont AgerLy, Batter3ea A Centre. tht Arab British C¢ntrè, Arts Canteen and Tam&8ha. Our purposo and ?ctlvttle8 The purpose {oblectl ol the charity Is.. To advance the educatlon of the public in Arab CUjre and other 85Fts ofArabic arts, ¢u51ure and herrtage through public wrformances and dB¢uons The trustees Confirm that they have complied wilh tha duty In section 17 of the Chariues Act 2011 to have due regard to Ihe public benèrrt guIdare published by Ihe Commission. In shaping our objtives for the year and in planning our acts"wts'e5, the tru3tees h8ve wn$idered the Charity CommissKJTh's guklaneè on public Lenefil, Including t guidance on Wb1 benefit and fss eharglng. Shubbak works Sn partnership lIh arts institutions acro8$ London, and in sètb'ng Ihe kvel of fèes, charges and concessions, gwas careful con&de¥ation to the a(tts$ibility io events for thosé on Incomes. Shubbak also ensured a wtde ranga ol free events wère held kn order to have the broadest levd of access p)S5ible thgtr an as3i$ted b'cket schème. The viwn that shapes our annud activities 18 thè promolon aThJ fost8ring of kn¢)wWge and tha approclatlon of the arts, in parCUr those pr(Juced by artists in or from the SWANA tsglon through the provisun of events for the edUcatn and recreatKJn of the public in the fields of ¥lsual art5, literaluTè, mus¢0 drama and dancè. Page 1
SHUBBAK: A YIINDOYI ON CONTEMPORARY ARAB CULTURE REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 The strategies employed lo achieve the charrfvs aims and objectives are: to stage a large-scale 0-week festival that offers London, UK and international audiences the Chan to discover and enjoy some of the m05t exciting voices ar practitioners of contemporary Arab and SWANA culture, in partnership with leading cultural organisalions in London. the UK and the SWANA region. to increase understanding of contemporary Arab issues Ihrough culture, and encourage discussion. international partnerships and exchange of ideas. to celebrate the contribution of ab communiiies in London and engage with them as creators and audiences. lo recognise the enduring relationship beeen London and the Arab world. PuttrThJ these strategies into action we have one major area of activity every two years, whith is the Shubbak festival. Our programme of activities also focuses on audience development and accessibilty, biingiThJ Ihe arts lo Ihe widest possibl8 community in London and in Ihe UK, in line with our current business plan. This includes initiatives such as Young Shubbak, a PTogramme working with 1&25 year old artists, creatives and producers towards curalino their own strand in the festival. Achlevements in thls porlod woro: A week-long prosentation of Orange$ and Stones. a moviThJ Ihealric81 exploration of displacemenl and identity directed by Mollsola Adebayo with Ashtsr Theatre, presented with Tam88ha Theatre al Thealro Technis, featuring rich community engagernent and po$t-show conveatiOns. A Thgatro of Hopo, a Conversation hosted at Palestine House as part of a national lour with Marina Barham of Harah Theatre in Bethlehem, explorir¥J resilienc and imagination thfough performances in local communty venue5. Gathar for Paleytine, a co-produeed public gathering organised wilh the Arab British Centre and Arts Canteen, bringing artists. acliM51s. and audiences logelher for an evening of performance, poetry, and collecth've reflection in support of Palestine. Gathor In Solidarity. a second collaborative event. this lime centred around cross-MoveTht dialogue and creative re515tsn¢e, featuring arlists across disctplines 5hariThJ work rooted in liberation and comrnunity power. Rago and Heallng Spaces. faciif(aled spaces of collective grief and rage for artists, cuttural workers. and community members, in response lo the urgent need to process trauma and nurture resistance through healing, organised wlh Healing Justi¢e London. An Arti$t'$ Manual Against Apartheid, a major digital commission by Shubbak, in collaboration with Counterpoinis Arts, Amnesty Inlernalional, Makan and the Arab British Centre culminating in poetic digital resource by Farah Chamma and LIEV of chamleon, offering a viriual manual of resistance and inspiration on the role of art in building solidarity. Resldency for Tunislan arttst Ayment Gharbl of Intorf•r•nco, a residency in London for the lead ariisl of the Tunisian light art project, Interference, during which we facilitated meeting potential artis¢ partners. visited siles, and participated in conversations with Young Shubbak on memory and migration in preparalion for his art projection presen181ion as part of Shubbak Festival 2025. Page 2
SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE REPORT OF THE TRUSTEES ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 hl•vem9nts In the p•rfod Icontinuodl In addltion, our new 2024125 Young Shubbak cohort curated and delivered an intimate programn focused on hosllng Arab and SWANA expre88ion'. Communal Roslstance, an evenlng of performance, ar¢hlwng, activity and prote81 al Grand Junction to refiecl on Ityentity, and diaspora, show¢88lng original work by the cohort and collaborators. Young Shubbak Dlnn•r, an inlergeneratlonal evening of shared food. slorytelllng, conversation and colledve visioning al The Showroom, experuy hosted by Young Shubbak. AJI this Ouard fadng activity took place during our off-festival year, Ythen our focus is on developing new work and ratIng our biennial festlval. In spite of this. we reached over S,000 audience members in-person and onllne in our off-festival year, supported 25 emerging and established arbsts, delivered over 10 èvents across diverse London vènues and online platform, partnering Ythh over 15 organisallons, frorn major inslilullons to grassroots collectives. Most importandy, we laid the ground for Shubbak Feslival 2025 by developing and commlssloning new art rk. as 118s engaglng in research Irlps lo see newworks and develop new partnerships. We are expecting our next year to be Ixjsy wth the fesllval delivery, 8ntl¢lpaled to lake place 23 May - 15 June across London and beyond. We want lo Ihank the team for IheiT 1rk In laying the ground this year for what Is sure to be a mmnlous and exciting festival next year. TM and Managemont Our team redu$ In s1ze during off-fesllval yeats. Been April 2024 and March 2025, a5 we were gearing up lo deliver Shubbak Festival 2025. our team expanded with the appointment of an intèrim Executive Director In May 2024. Durlng this time we went through a ¢rUItMent process and aFvointed a new Executrnie Director In August 2024, expanding oui exlsung team of MIanent staff conslslng of Artistic Director & CEO, Executive Producer and General Manager. As of the beglnning of 2025 and wilh the intenslllcatlon of workfiows towards our upcoming Sufflmei fesllval, we a150 recrulled a Director ol Marketing and Communications, a PR Consuttant, a Senior Producer and a Producer. We tre al80 Jolned by a Clore Fellow on Secondment. Govgrnlng Docum•nt The charSty is also knohyn by the name of Shubbak and Is a company limited by guarantee having been incorporated on 27 February 2012., and registered as a charfty on 7 January 2013. It is govemed by Its Memorandum ané ArtScle$ of Associallon. ¥thid) eslabllshed the objects and powErs of the charitable mpanY. In the event that the charity is dissolved, each nmber will contribute up lo £1 towards the cost of dis$olulion and the liabilities Incurred by the Chadty. Recruitment and Appointment of Trustse¥ As Set in the AJtides of Associallon, the mernber{s) may propose and appoint any willing pgrson to act as trustee for the Charity. A Iruslee's Inllial term of office is three years. When considering a nomlnaled Ifustee, the charity will take into account the sknll$ of exlstlng trustees, of the proposed trustee and the skills requlred by the d)arity. The Iruslee8 are also the directors of the conwanv. Page 3
SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE REPORT OF THE TRUSTEES {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 . Trusts• Sndudlon and tralnlng New truslees wlll ba made farniliar with the objectives, b(tslness plan and ffinanclal stsius of Ihe charity. Trustees w411 also be given a ccyy of the relevant guidance material fr¢)m the Charfty Commission. Rlsk Man•gemomt An annual risk r8view is undertsken by the trustees. The Trustees examine the major strglc. buslness and opallor1 risk5 which the charity fa8 and will put in place systems lo tniligate Ihese risks. Financlal R•vlew The annL1 acolwnts show iotal in(xxMe received forlhè year of£305,30812024". £507,862). EKperKliture forlhe year amounted to £333.883 {2024'. £557,134) and was primarily SFnt on delivering ¢ommunity engagement projects which focus&J on achieving our charitable objective. Reser Pollcy The Trustees have revIe•d the charW8 negds for re8eNes In line with the guidance issued by the Charity Ccmmisslon. Shubb8k'$ pdlcy on reserves ¢(Mnu&S to hold resee$ that enable the organisation to.. ensure Ihgre is suffic4enl mow to continue (r core activities dudng a period of unforeseen difficuty,. davelop the org8nisatlon, induding travel and Strategic relationships to expand partnership.. undertake spadal proiects and (x)wff aCtiVe8 In keepino with Shubbak's vlsion. The Trustees havè examined the wuiremant fcf reserves not invest&J in tsngible fixed assets to cover the rwnainiro commiiled rational adivilies from inccffle for three months. Bawj on current commthents, Ihis requiTEment is £30,000. At the ¥ear end dè. the free resetves of Ihe charity amounted to £81.224. Our aspiratlons ft>r the festival We endaj the year looking ahead to Shubbak F&stival 2025 vrill) the MmItMent to trial a more colltaird yet equalty 8mbib.ous festival wth fewer events over a lorrtJer period ol lime. Artistic Diractor & CEO'S aspiratic$ for this next feslival is that it 13 slwer, wilh care deeply ernbedded not just in the prcgramming but also in the process of delivery. Especialty as Arab & SWANA artists in the UK and In the region navigate the agalnst their lands and thar ppIe, and this impacting staff within the organisation as well. we aspire to not only fvmish our progr8mmè with the usual bold artistic excel that has chara¢tedsed Jr feslw81 slnce Ils incepllon. but lo Introduce ways of s)rkirj that can hjld our artists and Ouf audience as well as our slaff and truslees. Pagè 4
SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDÉD 31 MARCH 2025 Rèf•rsnc8 and adm1nlstrat1 dètalls Registered charfty nLber 1150374 Company number 07968699 RIstered office 1 Gough Square London EC4A 3DE Our advlse Independent Examiner Chanter. Browne & Curry Chartered Accountants 1 Pl8to Plar 72-74 Sl Dionis Road L¢yKlon SW6 4TU Sollcjlors Thomas Eggar LLP Belmix)t Hwse static Way Crawley Wesl Sussex RH10 IJA Bankers Lloyds TSB Bank plc 19-21 Tr Quadrant Rithmond SuThey TW9 1BP Directors and Irstee5 The directors oftlE charilable company (the chariiy} are its trustees fot the purpose of charity law. The trustee5 and officers SeIng during ts year and sirKè the year end a5 foll¢y•ts.' Riwa Saab (appointed 11 May 20221 Elizabeth Ann Briggs {appointed 26 June 2024) Sandra Sfetr lapwjinted 26 June 20241 Zeina Namar (appointed 30 October 2024} Aimee Caroline Shalan {3ppointed 8 July 20251 FadyAlrayyes (resigned 1 July 20251 Sh8di8 El Dardiry Ire5igned 12 June 2024) Lynn Gaspard (resigned 12 June 20241 Svmantro Ghose (resigned 12 June 20241 Almir Koldzi¢ Iresigned 12 June 20241 Page 5
SHUBBAIL. A WINDOW ON CONTEMPORARY ARAB CULTURE REPORT OF TrIE TRUSTEES ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statsmgnt of Tru8ts88' Rosponsibilltbs The Trusleos (who are a180 directors of Shubbak for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial 5tstemenls in accordance wth applicable law and Unlted KiThJdom AcnIlnq Standards (Unitsd Kingdom Generally Accepted Aceounlinq PractiTr.I Company law requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the stsle of the affairs of the charitable company and of the incgming resources and applicalion of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial slalements, the Trustees a required to.. select 8ullable accounting policles and then apply them con$istenlfy', observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent.. gt8te whether applicable UK Accounting Standards have been followed, subject lo any material departures dis¢losed and explained in the financial siatemenls.. prepare the financial slalemenls on the going concem basis unless il is inappropriale to presume that the charitsble Gompany will continue in business. The Trustees are responsible for keepiThJ proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial stslements comply with the Companies Act 2006. They are also responsible for safeguarding the assels of Ihe charitable company and hence for taking reasonable steps for the prevention and deleclitsn of fraud and olher irregularities. Small company gxgmption These accounts have been prepare(l in accordance with the special prov¢sions of Part 15 of the Companies Act 2006 relalino lo small companies. By order of the Trustees Sandra Sfolr Trustse LO ..kLLMW... 2025 Page 6
SHVBBAK: A WINDOVI ON CONTEMPOIIARY ARAB CULTURE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 SUMMARY INCOME AND EXPENDITURE ACCOUNT 2025 2024 Total funds Totsl fund$ Notes Unr•thol•d D&869that•d R•SIrtctso fwd6 INCOME Grants and donations Charitable activities Interest recVed 205.(5 2,876 994 84.303 289,368 t4,946 423,971 83.515 376 12.070 Total income 208 935 12.070 84 303 305 308 507,862 EXPENDITURE Raigng fijnds Charitable actmlies 24 244.936 24 76.853 333,859 1,170 555,964 12,070 Total oxpenditu 244,960 12,070 78,853 333,883 Net incomè bèfore transfèrs I.025) 7.450 128.5751 149.272) Transfers bets¥een funds 13.0005 3.0(K) Not mov•m¥nt In funds forth8 year 139,0251 3,000 7,450 128.5751 149.2721 RECONCILIATION OF FUNDS Total luThJs broughtfoTv•ard 122,712 27.500 15,OQO 165.212 214,484 TOTAL FUNDS CARRIED FORWARD 165.212 The Statement of Financial Activities includes all gains and loss•s in the period. All inwme and eynditure derive from continuing aclivtties. The notes on pages 11 to 15 form an intggral part of these financial statements. Page 8
SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHU88AK: A WINDOW ON CONTEMPORARY ARAB CULTURE {"the Company" I report to the Company's trJstees on my examination of the financial statements of the Company for the year ended 31 March 2025, which comprise the statement of financial activities, the balance sheet, the Stalement of cash flows and the related notss. Responsibilitles and basis of report As the trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance wrth the requirements of the Companies Act 2006 ('the 20cIS ACVI Having satisfied myself that the financial statements of the Company are not required lo be audiled under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your Company's financial statements as carried out under section 145 of the Charities Act 2011 I'the 2011 Acv). In arrying out my examination I have followed the Directions given by the Charity Commission under section 14515) Ibl of the 2011 Act. Independent examin•r's statement Since the Company's gross income exceeded £250.000 your examiner must be a MeMer of a body listed in section 145 of th8 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW which is one of the listed bodies. I have ¢ompleted my examination. I confinn that no matters have come to my attention in conne¢tion with the examination giving me causè to believe in any material respect.. 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the financial statements do not acrd with thosè records., or 3. the financial statements do not comply wilh the accounting requirements of section 396 of Ihe 2006 Act other than any requirement that the a¢¢ounts give a 'lrue and fair viev/ which is not a matter considered as part of an independent examination., or 4. the financial statements have not been prepared in accordance wilh the methods and prin¢iples of thé Statement of Recommended Practi for accounting and reporting by charities lapplicable to charities preparing their financial slatemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 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 financial slalements to be reached. P.G. Browne FCA CTA Chan¢or, 8rowne & Curry Chartered Accountants 1 Plato Place 72-74 St Dionis Road London SW6 4TU. Date". 2025 Page 7
SHUBBAIL. AWINDOYI ON CONTEMPORARY ARAB CULTURE BALANCE SHEET AT 31 MARCH 2025 2025 Total funds 2024 Total funds Note$ Flxed assets Tangible assets Currènt assets Debtors Cash at bank and in hand 23,349 161,683 185.032 9,592 165.682 175.274 14 Crediiors- amounts falling due within one year io.c Net assets 136.637 165.212 Funds of the charlty Restricted funds De5iqnated funds Unrestsicled funds 11. 12 22.450 30,500 83,687 15,iMJ 27,5C(J 122,712 136637 165 212 In preparing these financial statements.. (al The directors are of the opinion that the company is entitled to the exemption from audit nferred by Section 477 of the Companies Act 2006; {bl No notic£ has been deposited under Section 476 of the Companies Act 2C(6. and {c} The directors acknowledge their responsibilities for'.- {il ensuring that the company keeps accounting rrdS which compty with Section 386 of the Companies Ad 2fyA, and {ii) preparing financial statements which give a true and fair view of the State of affairs of the company as at the end of the financial penod and of its surplus or deficit for the financial period in accordancE with the requirements of Sections 394 and 395, and otherwise comply with the requirements of this Act relating to accounts, so far as applicable lo the company. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the board of directors and trustees on . 2025. Sandra Sfeir Trustse Company Registration Numbor: 07966699 The notes on pages 1110 15 fomi an integral part of these financial statements. Page 9
SHUBBAIL. A WINDOW ON CONTEMPORARY ARAB CULTURE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Notes 2025 2024 Cash flows from operating a¢tlvities Nel cash provided by operating activities 13 (1,5361 (45,135) Adjustrnents for.. Depreation of tangible fixed assets 208 Cash flows from investing activitles Payments for tangible fixed assets (2.6711 Net decrease in cash and cash equivalents (3,9991 (45,135) Change in cash and cash equivalents in the ygar Cash and cash equivalents brou9ht fOard 165,682 210,817 Cash and cash equlvalents caffied fotward 14 161,683 The notes on pages 11 to 15 fo an integral part of these financial stalements. Page 10
SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting pollcies 1.1 Basi8 of preparatlon Shubbak is a UK registered charity incorporated as a company limited by guarantee. The address of the registered office is given in the chatity information on page 9. The nature of the choritls operations and principal activities are directed at advancing the education of the public in Arab culture and other aspects of Arabic arts, culture and heritage through public performances and discussions. including staging a biennial festival. The charity constiteS a public benefit entty as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Praclice applicable to Charities preparing their accounts in accordan 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 Ktngdom and Republic of Ireland (FRS 1021. the Charities Act 2011. and UK Generally Accepted Awuntln9 Prad1. The financial $tatements have been prepared under the historical cost convention with items gnised at cost or transaction value unless Otherwise stated. 1.2 Fund accounting Unrestri¢ted income funds represent those resour$ which may be used towards meeting any of the charitable objects of Shubbak at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial slatements. Restri¢ted funds aré resources which are to be applied to specific purposes imposed by the funderldonor. 1.3 Income re¢ognlUon Items of income are recognised and included in the accounts when all of the following criteria a met.. • The charity is legally entitled to the funds., any perfomiance conditions attached to the itemls) of income have been met or are fully within the control of the chanty", there is sufficient certainty that receipt of the income is considered probable.. and the amount can be measured reliably_ 1A Expenditure CognItion Resour$ expended are included in the Slatement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered_ Expenditure directly attributable to any specific aclivities has been included in these cost activities. Where cosls are attributable to more than one activity they have been apportioned across categories on a basis consistent with the use of these resources. Page11
SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 A¢eountlng pollcles IGontinudl 1.5 Tanglble fixed aets Depreciation is provided al th& follwng annual rates in order to writa off each assel over its estimated useful life. CompuleT equipmont Fumiture and equipment 25% straight lin¢ 25% on reducing balance Stsff costs The c4mpany had an average of S em 0yeeS during tha year endeA 31 March 202512024.. 5 ernploye8s1. No employee wa8 paid more than £60,CMXJ in the yasr. Trust88s' remuneration and èxpgnsos A tnJstee, Riyra Sa8b. was paid artist feés totalllng £4,026 during the year end 31 March 2024. No trustees received any remuneration durirKJ the years ended 31 March 2025. No trustees were reimbursed for e¥)ens&8 during the years ènd8d 31 March 2025. 4 Income from grants and donatlons 2026 Unreslrfctsd O•signat•d Restrtctod funds fund8 fund$ 2024 T¢til funds Ttst•l fund8 AM Qattan Foundation Arts Countsl England 8agri Foundation Britlsh Council Departrnsnt for Work & Penshy Drosos Foundation Galle Foundation Greatw London Authority Me We Foundation Medway Counoll Qatar Fcundats'on Intemational SHED Private donors 35,000 171,564 80,000 73,540 26,704 171,564 171,564 32,000 32,0 31,039 23,303 2.000 31.039 23,303 2,000 26,764 2,000 2,000 5,400 9,999 15,000 2.462 25,000 27,462 205 Cfj5 84 303 289 368 423 971 S Income frorn Charitable actlvltle# 2026 D•$lyn•¢ed RestrfctBd knd* funds 2024 Toi•l fund¥ Totsl funds Jnd• Tickets and venue contribution5 Consultarty 12,070 12,070 2,876 82.720 795 2,876 Page12
SHUBBAK: A WINDOW ON coKfEMPOIIARY ARAB CULTURE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 IIARCH 2026 6 ExDonditur8 2125 2024 UhM61rf¢l•d fuqna•#4 Restrfcted fund5 fuTh15 Totslfunts Totglfunds Raising funds Fthdfaising costs 24 24 1.170 Chalityactivity costs Fastival and prOJle0$ts Matkelvw and publicty Staff sales EmPk)s. NatK)nal Insur8n¢e tx)nlrityJtis Pension tiinlribu.onS ConJltants Trav¢1 and aCCWnrdAu( 11,284 12.070 64.104 9,352 2.OTrJ 87.458 9,352 182.283 14,362 275.847 27.857 172,497 12.115 3,256 3.70) 21.533 516.805 180,283 14.382 241 241 1,397 76.853 209 259 12.070 298 182 sUp)rt costs Ront Ganeral ovetheads 10.744 11.7418 22,492 10,744 11.749 11,383 14.324 25,707 Gov•min¢• ¢osts Indep#M1Ènl exsmtha¢8f88 Board 0pment Otuanisabond dev8pm6nl Lega fees 4.130 925 4,130 925 3,740 2.426 1.110 1.110 13.452 Total •xpendtturo on ¢harltabla acllviti•s 244,936 12.070 76,853 333,8Sg 555.964 Totsi expendftur8 12.070 &13 883 557.134 7 Tanglble fixed Bsg0ts CoThyut•r FUMJr* 4nd equlprnw Cost At 1 April 2024 Additions 1.449 1,222 2,671 2,671 Al 31 M¥ch 2025 1.222 DBprB¢iatfon At 1 April 2024 Charge lor year 178 At 31 March 2025 17B Net bt)ok value At 31 Marth 2025 Al 31 Marth 2024 8 Pgbtorg 102$ 2024 Trnde debtors Ar¢ru8d Income Social se¢uriÈy and othertaxe5 0th6r debt¢xs 9,245 2,218 300 5,731 2.792 P&3e13
SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE NOTES TO THE FINANCIAL STATEhlENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 9 Credltors: amounts falling due within one year 2025 2024 Trade creditors Accruals Deferred InMe 11,162 3,500 36,1 7.062 3.000 50 858 10 Transfers between funds 2025 Urtr•strl¢t•d fvnd$ De8lgnated funds nds Trantsfer lo designated fund - overh•ad$ reserve 13,0001 3,000 3.000 3.000 1 I Stat•mont of funds The income funds of the charity include restricted fvnds comprising the following-_ Current year Movement in funds Transfgrs betwèèn funds Balan¢¥ 1 Aprfl 2024 Incoming our¢e$ R•sources •xpended Balanea 31 March 2025 Restricted funds Designated fund Unrestricted funds 15.CKIO 27.500 122,712 165212 84.303 12.070 208,935 305.308 176,8531 112,0701 {244,960 22.450 30,500 83,687 136 637 3,000 3,000 Prior year Movement in funds TransfeF5 betwe8n funds Balance 1 April 2023 Incoming r88ources Resources expended Balance 3q March 2024 Restricted fvrs Designated fund Unrestsided funds 71,790 61.413 81,281 214,484 127,764 37,120 342,978 507,862 1184,5541 (73,5331 299,047 1557,1341 15.000 27,500 122.712 165,212 2,500 2,500 Designated fund The designated fund comprises unrestricbj funds that have been set aside by tho trustees to meel any eXpIlOnal costs or Circumstan$. Restrlcted fund5 Restricted funds are resources which are to be applied to specific purposes imposed by the funderldonor. Page 14
SHUBBAK: A WINDOW ON coKfEMPORARY ARAB CULTURE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 12 Analysis of not assets between funds Current year L1Thrvstri¢ Deslgnatrd Rastrlcted funds fvnd funds Totsl Fi¥ed assets Current assets Creditors-. amounts falling due within one year 2.463 132,082 30.500 22.450 185,032 {50.8581 136K37 150,8581 83 687 22 450 Prior year unr•ytr1¢ Dtslgnatsd Rèstrf¢ted fund$ fund funds Total Current assets Creditors.. amount$ falling due wilhin one year 132,774 110,0621 122712 27,500 15,000 175,274 {10,0621 13 Reconciliation of not movement in fund8 to not Cash flow from operating activitieg 2023 2024 Net income for the year las per Statement of Financial Actiwtiesl 128,575) 149.2721 Ilncreaselldecrease in debtors InCreas[deCreasel in creditors (13.75n 40.796 83,124 {78.987) Ngt ca8h providod by operating a¢llvlties 14 Analysis of cash and ¢ash equivalents 2025 2024 Cash at bank 161683 165 682 15 Members, guarantee At 31 Mar¢h 2025, the company had fiv$ members. Ea¢h members guarantee is limited to £1. Page 15