PITZHANGER MANOR & GALLERY TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS 1 April 2024 to 31 March 2025 Charity Registration Number: 1152434. Company Reglstration Number: 08278049 Trnst••s' Report and Consolidated Financial Statem•nts Contents Page Report ofthe Trustees 1-18 Reference and Administrative Details 19-20 Statement of Trustees Responsibilities 21-22 Independent Auditorfs Reportto thg Members of Pitzhanger Manor & Gallery Trust Consolidated Statement of Financial Activities 23-26 27 Group and Charity Balance Sheets 28 Consolidated Statement of Cash Flows 29 Notes to the Financial Statements 30-40 Pitzhanger Manor & Gallery Trust Report of the Trustees for the year ending 31 March 2025 The Trustees are pleased to present their annual report together with the financial statements of the charityforthe yearending 31 March 2025. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles ofAssociation, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. Introduction: About Pitzhanger Manor & Gallery Trust Pitzhanger Manor was designed and built in 1800 by Sir John Soane, one of Britain's leading architects (whose other buildings include the Bank of England and Dulwich Picture Gallery), as his personal country retreat in the then rural village of Ealing. Pitzhanger is vitally important in the Soane story as a rare example of a building Soane designed, built and lived in himself. Soane used itas a laboratory for his architectural ideas, including his trademark use of canopy domed ceilings, the application of idiosyncratic classica I detai Is and his in novative use of light as an architectu ral tool. The Grade I listed house represents an extraordinary architectural statement bursting with his influence, ideas and flourishes: it is an artistic tour de force. Pitzhanger Manor & GaSlery Trust was established in 2012 to work with Ealing Council, the owners of Pitzhanger Manor, to conserve, repair and enhance Pitzhanger Manor & Gallery as a major cultural landmark for West London and beyond: a destination for art, education, and architecture. The project's aim was to restorethe Manor to Soane's original design and upgrade the Gallery and the surrounding gardens to enable the hosting of a world-class exhibitions programme, and to offer learning and enjoyment for all with an extensive outreach programme. On completion of the three-year capital project in 2018, the Trust took over the running of the site under a long-term lease and a management agreement. The Trust's executive team are overseen by an experienced Board of Trustees. Objectives and Activities Vision We believe culture matters for all people. Pitzhanger will initiate exceptional creative encounters for everyone, empowering expression, inspiring discovery and enriching ourcommunity. Mission Building on the dual foundation of Soane's 1800s Manor and parkland and of the contemporary Gallery, Pitzhanger will unite the past and the present and inspire the future. Our mission is: To conserve and revitalise SirJohn Soane's Pitzhanger Manor in his original parkland,. To celebrate Sir John Soane's genius as a designer: to nurture understanding ofthe relevance of Soane's work today, and to carry forward his passion to inspire future generations in art, architecture, and design; Pitzhanger Manor & Gallery Trust To offer a programme of compelling, ambitious, and stimulating exhibitions that provoke and inspire; Through an imaginative and wide-ranging programme of participation and events, to enable broad and diverse audiences in Ealing, West London and beyond to ignite their creative potential; To offer a stimulating place for creative reflection and debate that will encourage fresh ideas and new connections that enrich our lives; and To develop a sustainable business that enables Pitzhanger to deliver its aspirations in the long term, seeking to diversify and grow income stream5 from a wide range of fundraising and commercial activity. Strategic Goats Reach more people Positively impact our community in Ealing Fi nancial sustainability Care forour people and buildings Quantifiable measures and targets are set out in the Group's business plan. Values Collaborative: inclusive and supportive teamwork with everyone we work with, developing dynamic and productive partnerships beyond the organisation Excellence: striving for excellence in everything we do and everything we create. reflecting Soané's exceptional design legacy Trust & Responsibility- valuing and respecting all the people we work with, encouraging and respecting expression and debate Bold and Creative: adv?nturing and innovative spirit to embrace challenge, experiment with new opportunities and learn from failures Sustainability: embracing sustainable practices, committing to reduce our environmental impact and considering ecological, social and economic factors in everything we do Delivering Public Benefit The Trustees confirm that they have fulfilled the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission general guidance on public benefit. The Trust delivers value to its community through delivering its vision and mission as outlined above. Pitzhanger Manor & Gallery Trust Achievements and Perfornianc• SUMMARY otal visitors in person . 68,563 otal digital visitors . 538,000 Diversity of audiences . 25% of our visitors are young people (aged 25 and under) ,. 18% from the global majority otal Education and Outreach Engagements: 19,883 (ranging from school visits to orkshopsl 7010164 out of 91 l of the Borough of Ealing's state schools have been engaged, of which 37Vo are pupils at schools in Southall & Greenford, and 25% are children in receipt of Pupil Premium Exhibitions Main Gallery: 5 exhibition5: Alice Irwin: Chinwag: Gray50n Perry: The Vanity of Small Diffei'ences,. For Arts Sake x Pitzhanger: Oi"iginal Works on Paper,. Matt Small: Pi"ide of rriglriricl,. Alison Watt.. Froin Light. Soane Gallery: 5 exhibition5: Tim Brel-Day: Echoes and Idioins,. From Waste to Wonder: The rt of Sustainable Ti-ansformation., Southall Resists,. Katherine Gill: Language of the Physical,. Nicole Farhi.. Jaccu5e..., Manor Displays: 4 exhibitions". 50ft Colours: A DN5playof Student Artwoi"k; Sinta Tantra: The ic Jl?trliJb of Batavia., A Fine Li ne.. Modern Makers at Pitzharjger; Antoni Malinowski and Helene Binet. Pigments and Photons In 2024-25 Pitzhanger engaged more people from diverse communities through ourvaried pro9ramme of exhibitions, outreach and events, celebrating art, architecture and design. In a tough yearwhen museums and galleries across the UK have struggled with visitor numbers, Pitzhanger attracted record visitors of over 68,000, exceeding even its opening year. The diverse exhibitions and programme of events secured high profile pres5 coverage in national titles and broadcasts, including BBC1 Antiques Roadshow. Pitzhanger was built by the 50n of a bricklayerwho, thanks to a scholarship and mentoring, was able to realise his creative potential and riseto the top of his profession. At Pitzhangertoday we uphold this legacy and strive to give inspiration and practical career supportto young people and those who teach young people. Through its learning and outreach programme Pitzhanger works to encourage and enable young minds from all background5 to aim high, imagine new hori70ns and to build personal confi'dence. Pitzhanger also aims to be a community hub where communities can come togetherto celebrate art and creativity: over the year we developed existing partnerships and built new collaborations with local groupsthat use Pitzhanger as a meeting place and a venue for debate, inspiration and celebration. Our Gallery Café, Bella Puglia ha5 become a destination, drawing in regular loca15 to meet and relax at Pitzhanger and enjoy its beautiful gardens. In 2024-25 we presented an extraordinary array of exhibitions across the gallery and historic house. In addition to household name, Grayson Perry, our exhibition programme saw a wide range of different Pitzhanger Manor & Gallery Trust voices, styles and lived-experiences, from UK-Balinese Sinta Tantra and queer Polish artist Antoni Malinowski, to Matt Small's powerful Pride of England exhibition, inspired by the diversity of the England football team, showcasing work co-created by Matt with school children from across Ealing in workshops at Pitzhanger. In October 2024 Pitzhanger was delighted to be invited to partner with Bloomberg Connects to create new, easily accessible audio and online information about Pitzhanger, its history and current displays for visitors. Featuring interviews with our artists, volunteers and staff, they help bring the house and gallery to life ar)d broaden accessi bi lity for all sorts of visitors, including those with visual impai rment. Alongside our regular programming we had a number of special firsts and celebratory moments in the yearthat included: RIBA London Award for the Pitzhanger Community Hub for contemporary architecture within Grade 1 historic setti ng Julian Opie's Curly Hail- sculpture acquired on a permanent basis for the people of Ealing BBC Antiques Roadshow from Pitzhanger brought 3,500 participants in May, with three episodes broadcast on BBC1 across the autumn, each episode attracting c. 5 million viewers Inaugural Ealing Book Festival: Pitzhan9er hosted the first Ealing Book Festival attracting over 1,300 participants Bengal Durga Puja - Our first partnership with the Bengal Heritage Foundation bringing Bengali communities from across the South of England to celebrate at Pit2hanger. Visitors attend the celebration of the acquisition of Julian Opie's Curly Hair LED sculpture May 2024 Delivering Pitzhangerfs public programme and conservation projects was challenging in a year of difficu It external economic factors which resulted i n i nflation across all operating costs. Additionally, we were required to absorb a once-off unplanned reduction to our annual Management Fee in response to Ealing Council's financial pressures. The team worked hard to rearrange our programme, reducin9 costs wherever possible and generating new sources of income, with the aim of still achieving real impact in our community and meeting all our en9agement targets, and undertaking the essential preventative tnaintenance. We were fortunate to receive two substantial multi-year grants to support our work, from Garfield Weston in supportof our programme and Fidelity Foundation to enable us to grow our commercial income streams, this latterto take effect from 2025-26. More details of our activities are given below. Pitzhanger Manor & Gallery Trust LEARNING AND OUTREACH This yearwe have grown our learning & outreach programme to engage 19,883 participants. This is achieved through our programmes for Schools, Families &Young Adults, Community Partnerships. Our volunteering scheme (with over 100 active volunteers) has generated 4,695 hours. Pupils from Edward Betham Prim4ry School (Bukayo Saka'$ school) p05ing In front ol portrait5 01 Esling-r8ised Eng18nd playsts, Chloe Kelly and Bukayo Saka with artist Mett Small in the G3118ry 8t Pitzhanger. Schools In 2024-25 we welcomed 4,185 school children to Pitzhanger. It is Pitzhangerfs objective to engage every school in the Borough of Ealing in a meaningful way. To date we have engaged over two thirds of these schools1641911, reaching 23 new schools in the borough this year, and we are working hard to make sure we continue to reach the remaining schools. Our schools programmes are designed to encourage creativity, build self-confidence and positively impact the mental health of young people. Our core offer involves both guided visits around the historic manor and contemporary art exhibitions combined with hands-on activities, as well as visits to the schools. Visits introduce children of diverse backgrounds to museums, m<]king them feel welcome and their inputvalued, while building a sense of connection with this iconic part of Ealing's heritage. Through engaging schools we a150 hope to engage parents and encourage families to visit who might not otherwise have known about Pitzhanger. We are committed to drawing on Soane's legacy to break down barriers for people who might not otherwise thinkthat museums are forthem. Highlightsthis year include- 25% of the school children we worked with were in receipt of pupil premium; a particular focus of our schools programme is to develop relations with schools in Southall and Greenford: 37Yo of pupils we worked with came from Schools in these wards; we have grown the percentage of our visitors identifying as being from global majority and mixed race ancestry to 18%. Pitzhanger Manor & Gallery Trust we are delighted to have secured ACE funding to support various special projects targeted at our South Asian communities, to help in our long-term goal to better represent the diversity of the Borough of Ealing. Archit8Ctur8 after school club with Dairy Meadow$ School, Southall Pupils from Edward B?tham Primary School in the Upp?r Drawing Room We encourage schools to experience the manor first and foremost, but where schools cannot visit us to see Soane's architecture and the art for themselves, we run outreach programmes to take creative inspiration and careers advice to them. In addition to visits, we also run the Archltecture After-school Club in primary and secondary schools, supported by The Alan Baxter Foundation. This is a rare opportunity for students to consider careers in the creative sectors and learn more about the built environment and its impact on society. A core part of our work with schools is to inspire, upskill and encourage teachers in teaching creative subjects: we do this through four Teacher CPD sessions per year, which have been popular and well received. Families & young adults Engaging Ealing's youth is a key priority for Pitzhanger. Ealing is a Borough with a high proportion of young people: ouraim forthis year was that 25% of our visitors would be aged 25 or under, a targetwe have achieved. In addition to our exhibitions and displays, we run a range of programming designed specifically to engage families and young people. Families Pitzhanger offers a wide range of activities for families, from structured workshops and school-holiday clubs to i nformal fami ly-led trails and drop-in creative activities on site at Pitrhanger: Mini-makers programme is an important offer for children aged 0-5, developing motor skills, and collaborative creativity,. The recent WeAR the City art project, funded by Ealing Council High Street fund, encouraged creative problem solving while celebrating the young people's local neighbourhood. This project culminated in a high street procession of wearable architecture they had made,. Pitzhanger Manor & Gallery Trust Holiday Clubs: with the support ofthe John Lyon's Charity's School Holiday Activity Fund (SHAF}, we were again able to host our Creative summer programme. Artist Sol Goldgn S8to lead$ a We AR the City'wearable Architecture, Parade with familie4 In October 2024- an event made possible through funding from Ealing Council High Street fund Loeally-ba5ed art15ts, Matt Small. leads a holiday club workshop a5 part of his Prjde olEngland exhibition at Piizhangfrr In Ffrbruary 2025 Our partnership with Bloomberg gave us access to a translation service that has enabled us to translate adverts to some ofour activities such as Mini Makers into both Hindi and Punjabi to communicate better with ourcommunities across the borough forwhom English is not a first language. i)I'ri.11.INI' I;. 11 MINI MAKERS MINI MAKERS U MINI MAKER5 Posters created In Hindi. Punjabi and English lor Mini Makers Young adults Young adults are a key audience for Pitzhanger. We introduced our New Creatives scheme for 16-25 year-olds last year. A focus going forward, building on a successful pilot Pitzhanger Youth Forum, is to develop more programming to connect with young people across the Borough. We are delighted to have secured funding from ACE to help us roll outa new Youth Forum, and to be working with NewGen Festival, Young Ealing Foundation and other partners on new collaborations and fun events. Pitzhanger Manor & Gallery Trust Young adults collaborattr on the Pitzhanger Youth Forum. Adults: woA(shops. talks & events Our Adult Programme seeks to provide meaningful moments where people frotn all communities and different interests can learn, be inspired, get involved and, in doing so, build wellbeing and lifelong learning. In 2024-25, we engaged 6,853 adults in the public programme across the year (talks, lecture5, workshops, debates etcl. Thursday Lates Our monthly Thursday Lates (late opening the first Thursday of every monthl were a key moment where people experienced Pitzhanger after hours. These special events are designed to be accessible to local audiences who have faced barriers to engaging with arts and culture, and operate on a 'Pay What You Can, model. Each Late seeks to offer people a range of different styles of events to suit differenttastes and interest areas. Over the past year these have included: Music performances from local groups lincl. Songbyrds, Ealing Music Service children's groups,. Hanwell Ukulele) Staged performances lincl. Questors, the Ballet School,. PlayGC Theatre); Drawing & art woi-kshops lincl. life drawing with Brentford Nudes; Slow Looking); Craft & making woi"kshops lincl. Ealing Repair Cafe; Make your own Match Attacks; Badge Making,. Artist-led print-making workshops),. Talks and Debates.. Panel Discussions lincl. The Future for West London Urban Planning; Sustainability in Architecture,. Motivating People through Sport & Art; Heritage Houses in West London,. multiple Artist talks}. Slow looking workshop as part ol Alison Watl'9 exhibition programme Po8try workshop at Pitzhanger with NaNir Singh Pitzhanger Manor & Gallery Trust Community partn•rships Pitzhanger worked with a wide variety of community groups across the Borough to increase engagement and impact. These ranged from Znaniye Foundation, Southall Community Alliance, Ealing Music SeNice, Ealing Film Festival, Young Ealing Foundation to Ealing Repaircafe, and many more. We successfully secured funding from Arts Council England to build further on these partnerships in 2025. In 2025-26 we are planning a series of initiatives to engage more of the communities in Southall and Greenford to coincide with our summer season of exhibitions with Permindar Kaur and Southall- born artist Prem Sahib . We ran an initial community consultation session in March 2025, working with representatives from Southall Community Alliance, Bhangra Dance London, Young Ealing Foundation and Southall Pop-up Museum. A cornmunity group from the Znaniy8 Foundation during a workshop at Pitzhan9Brlor Black History Month In September 2024 we also partnered with the Bengal Heritage Foundation to host their annual Durga Pula festival, held in our green space outside the manor in Walpole Park. The four-day event engaged around 15,000 visitors, many of whom also engaged with the manor, gallery and exhibitions. Volunteering Itwould not be possible to run Pitrhanger and open to the public withoutthe support of ourteam of over 100 active volunteers who have clocked up some 4,695 hour5. They provide crucial support in: welcoming visitors, providing tours, supporting conservation and invigilation of the historic spaces, helping out at family workshops, making Pitrhanger honey; and maintaining the beautiful gardens around the Manor. In return, volunteers gain significant work experience and the camaraderie of working in a team, plus the opportunity to build their expertise and knowledge. M05t volunteers are locally-based and we have been experimenting across the year with engaging more young volunteers, especially students from local colleges. Pitshanger Manor & Gallery Trust "Volunteering here connects me to histoiy, art, and people. Every visit feels like shai.ing a hidden gem with the woi"Id." Diane Emery EXHIBITIONS In 2024-25 we put on a record 15 exhibitions and displays. We try to balance our exhibition programme to provide something for everyone, addressing a range of issues and showcasing works in very different media (including sculpture, ceramics and glass, tapestry, painting and prints). We worked with internationally famous artists such as Grayson Perry alongside earlier career artists such as Alice Iwin. By way of illustrating the diversity of this year's programme we worked with 11 female artists as well as 5 art15ts of global majority ancestry and 3 who identify as LGBTQ+. Main Gallery Alice Irvvin,. Chinwag124 Jan - 30 Jun 2024). This exhibition showcased Pitzhangerfs commitment to exhibiting the work of early career artists. The first museum solo exhibition for the artist, the exhibition brought colourful sculptures, prints and drawings celebrating playfulness, experimentation and the act of coming together. Alice uses her own experience of dyslexia to create a visual language. Grayson Perry.. The Vanity of Sinall Differences 110 Jul - 8 Dec 2024): For the first time, this exhibition brought the Tu rner-Prize-wi nni ng a rtist's six large-scale tapestries to the bui Idi ng for which William Hogarth's A Rake's Progress, the inspiration behind Perry's tspestries, were purchased. The set of monumental tapestries offered a contemporary re-reading of the series of eight satirical paintings. Taking Hogarth's famed series as a starting point, Perry's tapestries depict a corresponding fable of class, taste and social mobility. ForAits Sake x Pitzhangei": Oi"iginal Works on Paper{14 Dec 2024- 12 Jan 20251 Dedicated entirely to original works on paper, For Arts Sake x Pitzhanger showcased over 150 pieces in Pitthanger Gallery, by both established and emerging artists. Matt Small.. Pride of England (22 Jan - 23 Feb 20251 Following a successful crowdfunding campaign, we were delighted to put on Pride of England, a community-focused exhibition celebrating the diversity, unity, and community legacy of the England football teams. Central to the exhibition were England's Three Lions- sculptures c.o-created by artist Matt Small with young people in Ealing, which then accompanied the England Men's Football Team to Germany for EURO 2024. Alison Watt.. From Light {5 Mar- 15 Jun 20251 We hosted a major new exhibition by painter Alison Watt, marking her first major public gallery exhibition in London since 2008. From Light included 18 new paintings created specifically for Pitzhanger. The title reflected the centrality of light in both Watt's work and that of Sir John Soane, in harnessing light to shape space and create atmosphere. For Watt, light is the'very substance of painting,, while for Soane, it defined the architecture of Pitzhanger. 10 Pitzhanger Manor & Gallery Trust Grayson Perry.. The Vanityof 5m&ll DiffErEnGe5 In the gallery Alison Watt.. From Ljght In the gallery S¢>ane Gallery Tim Bret-Day.' Echoes and Idioms111 Nov- 19 May 2024). Building on the success of the Magnum display in 2023 we followed thi5 With a popular exhibition of a local Acton-based photographer, Tim Bret-Day. Fi"om Waste to Wonder.. The Ait of Sustainable Transformation 125 May - 15 Sep 2024) saw creative practitioners based in the nearby thriving Park Royal Design District display artworks and objects focusing on re-cycling 5outhall Re51Sts (21 Sep - 3 Nov 2024) displayed the work of Southall schoolchildren and their responses to the racism and community response in the 1970s and 1980s. Kathei-lne Gili.. Language of the Physical18 Nov 2024 - 9 Mar 20251 brought together a range of sculptures, spanning four decades from 1980 to 2022. Gill's practice is rooted in a deeply physical engagement with materials-particularly steel, heavy-duty paper, and paper clay-and her work has steadi ly gained recognition in recent yèars. This exhibition highlighted Gill's exploration of the expressive potential of materials through the physical act of making. Nicole Farhi.. J'accuse.. l (19 Mar- 15 Jun 20251 We presented a new exhibition of sculpture by artist and designer Nicole Farhi. Farhi displayed 25 cast ciment fondu busts, each hand painted with acrylic pai nt and depicti ng victi ms of miscarriages of j ustice across multi ple countries a round the world over the past 125 years. The exhibition portrayed victims whose wrongful convictions have shaped legal history. Southall Resists Nicole F8rhi.' Jaccuse... FrDm Waste to Wonder.. TheArt of Sustainable Transformation Pitzhanger Manor & Gallery Trust Manor Displays Artist5 at Home.. Sinta Tantra.. The Lightclub of Batavia {24 Jan- 4 Aug 2024): Her works, described as 'painting on an architectural scale,, consist of gold-leaf coloured paintings displayed across the manor creating a dialogue with Soane's historic interiors. Tantra is UK-Balinese and the exhibition explored themes of light, wealth, beauty and the legacy of colonialism. Soft Colours: A display of artwork created by Year 5&6 students at Tudor Primary School in Southall and Christ the Saviour Primary School in Ealing Broadway. These students worked collaboratively within their classes with two of Pitzhanger's artist practitioners to create some original sculptures, and produced a film celebrating their work. A Fine Line.. Modern Makers at Pitzhanger- an exhibition of modern ceramics and glass, curated by Joanna Bird. The exhibition broughttogether works of eleven makers and set their work againstthe historic interiors of the manor, designed by renowned architect Sir John Soane. Soft Colours in tha manor Anttsni Malinkowski and Helèna Binet.. Pigmonts &nd Photons in the manor Antoni Malinowski and Helene Binet.. Pigments and Photons17 Aug 2024- 25 Feb 2025) this exhibition marked the firstjoint exhibition of Antoni Malinowski and Hélène Binet in a public gallery, celebrating theirdeep sensitivity and understanding of lightand architectural space and form. The works were displayed throughout the manor house, conversing with the historic spaces designed by Sir John Soane. CONSERVATION AND MAINTENANCE Pitzhanger's third strategic goal is to care for its (people and) buildings. Key to this is conserving and mai ntaini ng this uniq ue heritage asset i n the centre of Ea li ng. Over the last year we have continued to follow our Conservation strategy as set out in our CMP (Conservation Management Plan) with a focus on preventative conservation along with essential fixes in the historic manor. Examples of projects undertaken include: restoration of historic shutters and faulty doors; complete clean of historic fireplaces,. regular repair and touching up of the specialist paint work & decoration; 12 Pitzhanger Manor & Gallery Trust investigation and repair of damp in the Manor; pest control (including moths and ladybirds a perennial for historic homes). Given the current economic circumstances we have had to reduce activities to the essential conservation and maintenance required to protect this special historic site. However there is considerably more work we would like to conduct as soon as we can secure the necessary funding. LOOKING AHEAD We hope 2025-26 will be another majoryearfor Pitzhanger, building on our success and deepening our impactwith and across our community in Ealing. Highlights include: a South Asian celebration sea50n, bringing together contemporary art, music and food working with community partners across Ealing, supported by an ACE grant,. we will be hosting exhibitions bythe artists Prem Sahib and Permindar Kaur; new families and young people's programming informed by feedback, learnings and community consultations in 2024-25,. our largest ever exhibition, looking atthe work of British art icon Howard Hodgkin; and the appointment of new Director, Rebecca Lyons, taking over from Clare Gough after eight years, leading Pitzhanger. Fundraising Fundraising is undertaken by a small in-house developmentteam, with the input of the Development Committee la sub-committee of the Board). The Trust is registered with the Fundraisi ng Regulator whose Code of Fundraising Practice and Fundraising Promise set a standard for fundraising activity in the UK. Fundraising strategy focuses on securing support via statutory funders, charitable trusts and foundations, corporates and individuals, selecting the most appropriate source of funding for each project for which support is being sought. In the year to 31 March 2025 the main fundraising focu5 was securing support for our exhibitions and education programme. Pitzhanger takes a considered approach to fundraising ensuring that we comply with regulations and guidance related to data protection and the protection of vulnerable people, that communications are not excessive or intrusive and that the individuals we contact do not feel under any undue pressure to donate. When fundraising is carried out on behalf of Pitzhanger it is with a small group of trusted supporters who promote Pitzhanger through their personal and professional connections. Pitzhanger works closely with these partners to ensure their approach consistently meets the high standards of the museum's own fundraising. The Trust has received no complaints about its fundraising activities12024'. nil) 13 Pitzhanger Manor & Gallery Trust Financial Review In the yearto 31 March 2025, the Trust generated a surplus of £12,48312024: deficit of £279,662). This relates to a deficit on unrestricted activities of £71,528 and a surplus on restricted activities of £84.011 . The movement from the comparative year reflects increased admissions and commercial income, increased income from Trusts and Foundations in support of our programme and stringent cost-cutting across all a reas. Main Funding Sources The Trust's operating activities have been supported by a management fee from Ealing Council £357,25012024- £427,000), commercial income from visitor admissions £190,17412024- £75,562), other trading income £422,59312024: £266,517) and unrestricted donation.s from Trusts and Foundations and individuals £40,06712024- £12,892). The Trust also receivod restricted donations of £195,84412024: £99,033) from a range of Trijsts and Foundations and individuals mainly in respect of the learning programme, exhibitions (programme and equipment) and furtherdonations forthe acquisition ofJulian Opie's Curly Hair. At the end of the year, the Group held reseNes of £974,88612023: £962,403), of which £500,85512024: £416,844) were restricted, £226,531 were unrestricted12024: £298,059) and £247,500 (2024: £247,500) were unrestricted but designated. The restricted reserves largely relate to the Community Hub capital works and remedial works outstanding from the renovation project. Unrestricted but designated reserves relate to a sinking fund for future maintenance costs, development ofthe public programme and general operational support whilst commercial income streams develop. Investment Policy As most of the charity's funds are to be spent in the short term, there are no funds for long-term investment. Our funds are therefore held in a current, deposit and short term money market accounts. Reserves Policy The Trust's policy is to hold three months, core operating costs in reserve, approximately £250,000. At the end of the year, free reserves are £226,531 which the Trustees acknowledge falls slightly short of the target set, but are satiqfied that the position is manageable. Going Concern The Charitable Group and Trust's working capital is provided by a combination of its charitable, fundraising and trading activities. The outbreak of Covid -19 caused significant disruption to the Charitable Group and Trust's activities, resulting in a significant loss of commercial income, and the Trust is still working to increase both commercial and fundraising income in a challenging economic climate. The Board has assessed the prospects of the Charitable Group and Trust over the 12 months from the date of approval of the Annual Report and Financial Statements taking into account its expectations for future operati ng activities, fundraising a nd the risks that the Trust faces. I n addition, the Trust has 14 Pitzhanger Manor & Gallery Trust performed a sensitivity analysis on its forecasts to evaluate a severe but plausible downside scenario on the business of various operati ng risks. Having completed these assessments, the Board has a reasonable expectation that the Charitable Group and Trust has adequate resources to continue in operational existence for the foreseeable future, being a minimum of 12 months from the date of approval of the financial statements, and thus continues to adopt the going concern basis of accounting in preparing the fi'nancial statements. The Trustees note that continued 501vent operation beyond the twelve month period will require an increase in commercial revenues and fundraising sUPPOrt. Pitthanger Manor & Gallery Trust Structure. Governance and Management Trustee Roles The Trustees provide wide ranging specialist support in respect of the operational activities of the Manor & Gallery, as well as well as helping with fundraising. The Trustees are responsible for the overall management and control of the Trust including the implementation of policies and meeting their legal, fi'nancial and fiduciary duties under charity law. Governing Document The organisation is a charitsble company limited by guarantee, incorporated on 1 November 2012, and registered as a charity on 14 June 2013. The company was established under a Memorandum of Association that established the objects and power5 of the charitable company and is governed under its Articles of Association. In the event of the company being wound LJP members, who are the Trustees, are required to contribute an amount not exceeding £1. Recruitment and Appointment of the Trustees The directors of the company are also charity Trustees for the purposes of charity law and under the company's articles are known as the Trustees. Underthe requirements of the Memorandum and Articles of Association, the Trustees are elected to serve for a period of three years after which they must be re- elected at the next Annual General Meeting. All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in Note 9 to the financial statements. Details of the Trustees who served at any time since the start of the financial year under report and to the date of approval of this report are provided at page 19. When Trustees are recruited, the Board identify the key skills that are required following which the Trust advertises publicly for new Trustees. The process for appointment is that applications are reviewed by the Nominations Committee before inviting the potential candidates for interview. The selected candidates are then put forward to the Board for approval. In addition, up to three additional individuals may be co-opted by the Board Trustee Induction and Training New Trustees receive an information pack that includes the vision, mission and values of the organisation, the current business plan, tninutes of recent Trustee Board meetings and details of organisational structure. In addition, new Trustees undertake an induction programme comprising an introduction to the operations of the Trust presented by the Senior Management Team Organisational Structure The charity has a Trustee body that meets regularly throughout the year and is responsible for the strategic direction and policy of the charity and overseeing governance. The Trust Board met regularly during this period, with occasional ad hoc meetings as and when required. Sub-committee members comprise a mixture of Trustees, members of the Executive and industry professionals who bring valued specialist advice. Pitzhanger Manor & Gallery Trust In addition there are 8 Sub-committees of the Board that met regularly across the year. These are: Building and Conservation Communications Development Exhibitions and Interpretation Finance Fundraisi ng Learning and Outreach Nominations and Remuneration Committee (which meets on an ad hoc basis as required.) Key Management Personnel The Trustees delegated day-to-day management of the charity to its executive Director, Clare Gough, supported by the Senior Management Team which comprlses: Head of Commercial and Operations Head of Development Head of Finance Head of Public Programmes The above group together with the Trustees are considered to be the key management personnel of the cha rity. Remuneration Policy Pay and remuneration of the charities, employees is bench-marked against industry norms and approved by the Nominations and Remuneration Committee. Volunteers In addition to the volunteerTrustees, the Trust makes extensive use of volunteers as expert advisors on its sub-committees listed above and in its operational activities such as invigilating and guiding in the manor and gallery, assisting in educational activities, gardening, beekeeping and honey production and grounds maintenance. Trading Subsldiary PitzhangerTrading Limited, a wholly owned subsidiary of PMGT, was set up in November 2018 as a vehicle for the various planned commercial activities such as venue hire and catering which forms a cruci al part of the venture's fi nancia I sustai nability. Prlncipal Risks and Uncertavnties The principal risks specific to Pitzhanger Manor& Gallery and its subsidiary are: Financial sustainability, following the Covid pandemic and external factors such as the cost of livi ng crisis, increasi ng operating costs in a period of high i nflation ShortFall on visitortargets Pitzhanger Manor & Gallery Trust Failure to engage with the public regarding the exhibition, public and outreach programme Damage to the site; unscheduled maintenance or failure to meet planned maintenance targets Insufficient staff resource The Trustees, led by the Chair, examine the major strategic, business, and operational risks that the Trust faces, and the Trustees ensure that appropriate systems are in place orare planned to mitigate these risks. Specifica Ily.. The on-going cost of living crisis remain a concern whilst revenues stream are being rebuilt. The Trustees and executive are keeping a close eye on finances with prudent financial management and long-term cashflow planning. The Trust acknowledges that visitor numbers are likely to fluctuate for both internal factors (the exhibition cycle) and external factors (seasonal factors, weather conditions etc) and also the on- going impact of the costs of living crisis on visitor numbers across venues nationally. The Senior Management Team monitor visitor performance against annual targets on a weekly basis and these are reported at Board meetings. Adjustments are made to marketing initiatives as appropriate throughout the year. The exhibitions, public and outreach programmes are carefully developed and reviewed to ensure they are sufficiently varied and appealing and have potential to attract new audiences. The Trust follows a planned maintenance plan that is reviewed on a quarterly basis by the Building and ConseNation Committee. It has an emergency recovery plan. Approved by the Trustees on and signed on their behalf by.. Ittno,C/L4JAA44gA I b 1112 g Howell James CBE Chair Pitzhanger Manor & Gallery Trust Reference and Administrative Details Charity Name Pitzhanger Manor & Gallery Trust Charity Registration Number 1152434 Company Registration Number 08278049 Registered office and operational address Pitzhanger Manor & Gallery Trust Mattock Lane London W5 SEQ Auditor Buzzacott Audit LLP 130 Wood Street London EC2V 6DL Bankers HSBC 46 The Broadway London W5 5JR Legal advisors Trowers and Hamlins 3 Bunhill Row London EC1Y 8YZ Trustees during the year and up to the date of signature of the financial statements Howell James Somil Goyal Jon Ball Jane Cooper M ichael Fisher Jennifer Gubbin5 Kate Rolfe {appointed Dec 20241 Gareth Shaw Caroline Worthington Chair Deputy Chair Trust Supporters The Trustees would like to thank the following supporter5 for their 9ener051ty to Pitzhanger Manor & Gallery Trust in 2024-25 Alan Baxter Foundation Arts Council England Bloomberg Philanthropies Garfield Weston Foundation Hamptons Johri Lyon's Charity Lévy Gorvy Dayan London Borough of Ealing Mishcon de Reya 19 Pitzhanger Manor & Gallery Trust Monikar Foundation Paint and Paper Library Pines and Needles Rick Mather David Scrase Foundation The Uncommon And those who wish to remain anonymous. The Trust also received individual gifts from Patrons, Pitzhanger Partners, Members and other generous supporters. The Trust is most grateful to them for their invaluable 5UPPOrt. 20 Pitzhanger Manor & GalleryTrust Statement of Trustees, Responsibilities for the year ended 31 March 2025 The Trustees, who are also the directors of Pitzhanger Manor & Gallery Trust forthe purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin9 Practice). Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fairview ofthe state ofaffairs ofthe charity and the group and ofthe income and expenditure of the charitable group for that year. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then applythem consistently., observe the methods and principles in Accounting and Reporting by Charities: Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabletothe United Kingdom and Republic oflreland (FRS 102); make judgements and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, Subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will conti nue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy atanytime the financial position ofthe charity and the group and enable them to ensurethat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of tho charity and the group and hence for taking reasonable steps for the prevention and dotoction of fraud and other irregula rities. Each Trustee confirms that.. so far a5 Trustee is aware, there is no relevant audit information of which the charitable company's auditor is unaware,. and each Trustee has taken all the steps thatthey ought to have taken in order to make themselves aware of any relevant audit informatior) and to ostablish thatthe charitable company'5 auditor is aware of that information. This confirmation 15 given and should be interpreted in accordance with the provisions of 5418 of the Cornpanies Act 2006. 21 Pitzhanger Manor & Gallery Trust The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation an dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the Trustees on and signed on their behalf by 16.? L< Howell James CBE Chair 22 Pitzhanger Manor & Gallery Trust Independent Audrtor's Report to the Members of Pitzhanger Manor & Gallery Trust Opinion We have audited the financial statements of Pitzhanger Manor & Gallery Trust (the 'charitable parent company,) and its subsidiaries (collectively the 'group'l for the year ended 31 March 2025 which the comprise the group statement of financial activities, the group and charitable parent company balance sheets and statement of cash flows and the notes to the financial statements including the principal accounting polices. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, Iunited Kingdom Generally Accepted Accounting PractlLe). In ouropinion, the financial statements: give a true and fair view of the state of the group's and parent charity's affairs as at 31 March 2025 and of the group'5 income and expenditure forthe yearthen ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevantto our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these roqui rements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the fi'nancial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation ofthe financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events 01 conditions that, Individually or collectively, may cast significant doubt on the graup and charitable parent company's ability to continue as a going concern for a period of at least twelve months from when the fi na ncia15tatements a re authori5ed for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in tlie annual report and financial statements, other than the financial statements and our auditor's report thereon, Our opinion on the financial statements does not cover the other information 23 Pitzhanger Manor & Gallery Trust and, exceptto the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our l