Charity Registration No: IIS2357 Company Registration No:06903122 (England and WAles) THE I￿UBAN EDUCATIONAL TRUST ' TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024 •￿Dc￿￿JM￿ 2710912024 COMPANIES HOLL%E A37 #328 THE MUBAN EDUCATIONAL TRUST LEGAL AND ADMINISTRATION INFORMATION DlliEcfoRS Weimin He Christer von der Burg Rebecca von der Burg Elizabeth Reid Fran￿ Wood SECRETARY Ms Haiyao Zheng COMPANY NUMBER 06903122 1152357 PRINCIPAL ADDRESS Unit 5 AshbuTton Centre 276 Cortis Road London SW15 3AY REGISTERED OFFICE Unit 5 Ashburton Centre 276 Cortis Road London SW15 3AY TNDEPENDENT EXAMtNERS Goldwins Ltd 75 Maygrove Road West Hampstead London NW6 2EG THE MUBAN EDUCATIONAL TRUST CONTENTS TNstees' Report Independent ¢xamin¢r's report Statement of financial activities Balance sheet Notes to the a￿Ounts 7-10 THE MUBAN EDUCATIONAL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2024 The trnste¢s prtsent th¢iT report and accounts for the year to 31 May 2024. The financtal stai¢m¢nt5 hav¢ been prepaTed in accordance with Accounting and RqJortin8 by Charities: Stst¢rn¢nt of Recommended Pra¢tice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of ITeland (FRS102- effective l January 2015- (Chariti&s SORP FRS 102) and the Companies A¢t 2006. The Secretary's Statement The Secretary. Administrator and Directors have met on two occasioDS during this reporting period. SIgnif￿all¢ events in the Trnst's programme wi¢hiu the reporfing period: The Sth Muban PrlntmakitiE Award. 172 young Chinese artists from many parts of China applted for theAwaTd. Each artistsubmitted a selection of digilal images from their current WO￿ from which 28 artists were $hortlist¢d. Th¢ $hortlist¢d artists were requested to send three original prints to MET'S London oifice. A p#ri¢l of judges m¢t on 30 January 2024 to view all th¢prints and to vot¢ forth¢ final winners. Th¢ WiTLnerofthe First Pri2e was Fu Xinghan: the Second Priz¢ winners were Ding K¢ and Du Jianguo with Th￿d Priz¢s awarded to Shi Ziyuan. Xu Hanxiao and Zhan8 Qian. Fresh: ATt F*lr. The Tntst attended the Fresh.. Art Fair #t Royal As¢ot Rxcecourse between the 22nd - 24th September 2023. Fresh.. Art Fair was ¢r¢ated in 2017 and is one of the leading art fairs to showcase all types of art practtce. Around 50 luding galleries attended the Fair. the many Works shown included Original prints, paintings. s¢ulpture. glassw8r¢ 8nd ceramics. The 39th IA)ndon Orlglnal PrAnt Falr. TheTrust attended the 39th London OrTginal Print Fair [l￿PF) at Sommet House between the 24-31 March 2024, exhibiting works from both Muban Portfolios as well as new works from th¢ 5th Muban PTintmaking Award. LOPF is the longest Djnning art faiT in London. founded in 1985 ai th¢ Royal Acad¢my of Art5. later moving to Somerset House. The Fair 15 a ￿lebratiOn of printhiaking in all its forms, spanning six Centi￿leS from the 15th century works of Dur¢r and his contemporaries to that of ¢m¢rging contemporary artists. Highlights in¢luded work by Rembrandt. Picasso. Matisse. Hockney. Freud, Warhol. Rego and Emij). Internationally renowned print d¢al¢rs and publishers off¢r visitor5 the opportunity to ¢xploTe and buy works by some of th¢ world's greatest mastth4 along$id¢ n¢w work by ¢ont¢mporary artists that's hot off the pr¢$5. This is th¢ se¢ond ye4r that MET bas attended the f4tr. Significant aehievemettts and performanee within the reportin£ period: The Trust continues to Promote ¥n infornied awaTen¢ss of eontempk)Tary Chinese printmaking in th¢ UK si ificant time and resour¢¢s W¢T¢ ex nd¢d or anisin the 5th Muban Printrnaktn Award. The award attracted eat ublici and drew a ter awarencss of ih¢ ub-ect matt¢r both in the UK and in China. It has also rovid¢d at encour ement to oun Chinese artists b reco isin their achiev¢ment5. both art fairs have introduced MET to a mucb bmad¢r audi¢nc¢, art lovers and coll¢¢tors. As LOPF 1$ the mosi important PriTbt f4ir in the WOTI(L our allendgnce brought MET international recognition. THE MUBAN EDUCATIONAL TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Principal activity The company's objects remain to protecL conserve. maintain and develop th¢ TTUSt's collection of Chinese woodblock printed sheet prints and books in as many ways &8 possible and to continue to offer for Sale copies of the Portfolio (published 2003) to provide incometoenable those objects noted above to be realised. Results The end of year ovcrall rcservcs balance was £392.427 (2023.. £426.585). The mernbcrs of the Board of th¢ Company during the year were: Haiyao Zheng (Sec) Christer von der Burg Weimin He Rebecca von der Burg EIi7Abeth Reid Frances Wood The company is limited by guarantee and each member's liability is limited to £10. All members of the company are members of the Board of MaDag¢m¢nt and. for the pury)oses of the Companies Act, members of the Board are deemed to be diTectors of the company. Reserves Policy The charity's reserves policy is to Create sufficient reserves to enable the charity to continue its activities and services at a rneaningful levcl. should there be a drop in income. As all income is derived from voluntary donations. the trnstees review this position on a regular basis. Publi¢ Benefits The truslccs are aware of the Charity Commission guidance on publi¢ benefit r¢porting as sct out in Section 17 Charities Art 2011. The trustees believe that the charity achieves a public benefit by providing these services as delailed earlier in this reporL THE MUBAN EDUCATIONAL TRVST TRUSTEES. REPORT (COThNUED) FOR THE YEAR ENDED 31 MAY 2024 Ststemety¢ of trns¢ea' TfSPOn5ibililies Tr uustrt$ (who trt alsodiytt￿s of The Muton Ed￿tIOnal Tn￿ for the purposes of company law) are rr4x)AsibleforpreparingtheTnJ51ecvernble VAT Expenditure is reCo￿lsed once there is a legal or ¢onstwctiv¢ obligation to make a payment to a third paty, it is probable that settlement will be required and the arnount of the obli8ation w be measured reliably. Expenditure is classified under the following activity headings.. Expenditure on ¢haritable activities include5 the costs of activities undthaken to fi￿er the purposes of the charity and their associated support costs. g) Cash at bank al￿ in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. THE MUBAN EDUCATtONAL TRU NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Analyses of expenditure 2024 2023 Cost of Raising Funds Ch*ritablt a¢ttvltles Prof¢55ional 5¢rvic¢s Artists Rent and rates Proj¢¢t costs Security costs Books and print outs Repairs Mark¢ting TT8v¢lling Postage Telephone and intern¢t Sundry Independent examination Bank charges Depreciation 42.139 26.￿2 30.392 22.727 1.805 10.775 .927 741 1448 1.438 2.791 371 1.320 71 51.894 4.167 29,625 9.341 996 19.350 1.382 896 ,256 3,157 .539 160 1.200 85 144.947 125,048 Totsl expenditure 144.947 125,048 Computer EquipmeDt At l Jun¢ 2023 Additions 1,412 At 31 May 2024 1,412 Depreclgtion At l June 2023 Char8e for the y¢ar 1.412 At 31 May 2024 1.412 Ne¢ book v*lue At 31 May 2024 At 31 May 2023 THE MUBAN EDUCATIONAL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Investmemts 2024 2023 Investment5 •t f*ir value: Listed Inveslment funds 390.666 390,666 Movement: Mark¢t value at the s14rt of the year Athlitions at cost Disposals at carryirtg value Net gainl(loss) on revaluation 390.666 483.030 (390.666) (I 10.000) 17.636 Market value at the end of the yeaT 390.666 Credltors: amouttts f*UiME dut wlthkn o*e year 2024 21123 AccTuals Analysls of net assets between funds General unrestricted Oe518nated Restrirted Total fund5 Fixed assets Net current assets Net assets at the end of the year 392.427 392.427 392,427 392,427 THE MUBAN EDUCATIONAL TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Staff eo$ts #nd key management personnel There were no ernployees in the year (2023: none). There were no employee benefits payments io key management persotmel in the year (2023: Nil). Emoluments of the tThStees Truslees did not receive rernunerdtion during the year (2023.. Nil). The trustres were not r¢imburs¢d for expenses during the year (2023: Nil). Related party trnnsactions There were no related paty transactions in the year. 10-