## **P21 Gallery**
**Report and Financial Statements**
**For the year ended**
**30 June 2024**
**Charity no: 1153141**
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024**
|**Contents**|**Page**|
|---|---|
|Legal and administrative information|3|
|Report of the trustees|4 - 5|
|Report of the independent Examiner’s|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes forming part of the financial statements|9 - 11|
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024**
## **Legal and administrative information**
## **Trustees**
Dr Ibrahim Darwish Mr Anas Ahmad
## **Chairman**
Dr Ibrahim Darwish
## **Correspondence address**
21-27 Charlton Street London NW1 1JD
## **Bankers**
NatWest Bank Tavistock House Tavistock Square London WC1H 9JA
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024**
Report of the trustees for the year ended 30 June 2024.
The trustees present their report along with the financial statements of the charity for the year ended 30 June 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and fully comply with the charity’s trust deed and applicable law.
## **Structure, Governance and Management**
The charity is registered with the charity commission on 31 July 2013 under charity number 1153141. It is governed by trust deed dated 22 July 2013.
## **Objectives and Activities**
Exhibitions and Artistic Programme
This year, P21 Gallery curated a diverse range of exhibitions, fostering critical engagement with contemporary art and cultural discourse. Key highlights included:
## **1. Ramzi Mallat:** _**Fault Lines (**_ **9th November - 2nd December 2023)**
_Fault Lines_ is a solo presentation of recent works by Lebanese artist Ramzi Mallat, curated by Kirsty Flockhart.
The exhibition title makes reference to the geological and cultural divisions that inform the artist’s practice. Living and working between London and Beirut, Mallat explores the socio-political impact of globalisation on notions of identity and self. He hopes to broaden cross-cultural awareness with works that blend familiar and unfamiliar aspects of culture and question the idea of the respective Other.
## **2.** _**Gaza: Messages & Images**_
(10th - 25th January 2024)
In collaboration with Az Theatre and associated artists, P21 Gallery is presenting a short season of work centred around an installation of the MESSAGES FROM GAZA NOW #3 FILM. This will be an open space of inspiration, reflection and cultural activism.
This exhibition features the work of Seth Hopewell with 5 prints expressing a graphic response to the genocidal attack on Gaza.
## **3.** _**From Palestine with Art**_
(2nd February – 2nd March 2024)
A unique showcase that aims to share the vibrant culture, heritage, and struggles of the Palestinian people through various artistic expressions. The exhibit features a diverse range of talented Palestinian artists and seeks to shed light on their experiences, history, and aspirations.
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024**
Public Engagement and Education
P21 Gallery remains committed to accessibility and education. Over the past year, we hosted:
- 28 Artist talks, exhibition openings, film talks, symposiums, performances, book launches, and panel discussions, featuring international speakers.
- 15 workshops for schools and community groups, engaging over 300 participants.
- Collaborations with universities, including student-led projects and research initiatives.
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act2006 to have
due regard to the public benefit guidance published by the charity Commission in determining the activities undertaken by the charity
## **Financial review**
During the year the charity received income donation of £113,796. Expenditure incurred during the year was £97,681. Overall there was a surplus of £16,116 and a positive bank balance of £24,979. In Accordance with SORP 2005. Support costs have been allocated between charitable activities and fundraising.
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024**
## **Trustees’ responsibilities in relation to financial statements**
Law applicable to charities in England and Wales requires trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed subject to any 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 continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on its behalf by:
## **Dr Ibrahim Darwish**
## **Chairman**
24/04/2025
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024**
## Independent examiner’s report to the Trustees of **P21 Gallery**
I report on the accounts of the charity for the year ended 30 June 2024, which are set out on pages 7 to11.
## Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
## It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(1) Which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
SMQ Accountancy & Management Consultancy Limited Suite 702 Crown House North Circular Road NW10 7PN
**Date** : 24/04/2025
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024**
Statement of financial activities for the year ended 30 June 2024
||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2024|2023|
|||£|£|£||
|**Incoming Resources**||||||
|General Donation||113,796|--|113,796|33,132|
|Campaigns||-|--|--|--|
|**Total incoming resources**||**113,796**|**--**|**113,796**|**33,132**|
|**Resources Expended**||||||
|Direct charitable expenditure|**2**|91,240|--|91,240|45,393|
|Governance costs|**4**|430|--|430|1,050|
|Other resources|**3**|6,011|--|6,011|2,461|
|**Total Resources expended**||**97,681**|**--**|**97,681**|**48,904**|
|Net incoming/ (outgoing) resources||16,116|--|16,116|(15,772)|
|Balance at 1 July 2023||20,416|(7,792)|12,624|28,396|
|**Balance at 30 June 2024**||**36,532**|**(7,792)**|**28,740**|**28,846**|
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024**
Balance Sheet as at 30 June 2024
|Fixed Assets
Notes
**3**
CURRENT ASSETS
Cash at bank and in hand
CURRENT LIABILITIES
Creditors: amounts falling due
within one year
**4**
NET CURRENT ASSETS
NET ASSETS
FUNDS
Surplus for the year
Balance B/F
|2024
£
4,916
2023
£
9,845
24,979
3,829
24,979
3,829
(1,155)
(1,050)
23,824
28,740
16,116
12,624
28,740|2024
£
4,916
2023
£
9,845
24,979
3,829
24,979
3,829
(1,155)
(1,050)
23,824
28,740
16,116
12,624
28,740|
2,779
12,624
(15,772)
28,396
12,624|
|---|---|---|---|
||
|||
|||
||
Approved by the trustees on 24/04/2025 and signed on its behalf by:
**Dr Ibrahim Darwish Chairman**
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024**
## **1. Accounting policies**
## Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance With the Companies Act 2006, the Charities 2011, the statement of recommended practice (SORP 2005), " Accounting and reporting by Charities" published in March 2005 and applicable accounting standards.
## **Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
All expenditure is accounted for on an accruals basis as a liability is incurred and has been included under expense categories that aggregate all costs for allocation to activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **2-Charitable Expenditure**
|**2-Charitable Expenditure**
Salaries
Utilities
Repair & Maintenance
Rent & Rates
Printing & stationery
Exhibition & art work
Telephone & Internet
Insurance
Travel|**2024**
**£**
32,406
1,022
8,535
--
474
42,273
3,598
1,000
1,931
91,240|**2023**
**£**
21,881
5,176
2,766
1,032
1,929
7,694
2,454
264
2,197
45,393|
|---|---|---|
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## **P21 Gallery**
## **Notes forming part of the financial statements for the year ended 30 June 2024 (continued)**
|**3. Tangible Fixed Assets**
Equipment
**£**
Cost at 1 July 2023
25,485
Addition
1,082
At 30 June 2024
26,567
Depreciation
Balance B/F
15,640
Charge for the year
6,011
At 30 June 2023
21,651
Net Book Value
At 30 June 2024
4,916
At 30 June 2023
9,845|**3. Tangible Fixed Assets**
Equipment
**£**
Cost at 1 July 2023
25,485
Addition
1,082
At 30 June 2024
26,567
Depreciation
Balance B/F
15,640
Charge for the year
6,011
At 30 June 2023
21,651
Net Book Value
At 30 June 2024
4,916
At 30 June 2023
9,845|**3. Tangible Fixed Assets**
Equipment
**£**
Cost at 1 July 2023
25,485
Addition
1,082
At 30 June 2024
26,567
Depreciation
Balance B/F
15,640
Charge for the year
6,011
At 30 June 2023
21,651
Net Book Value
At 30 June 2024
4,916
At 30 June 2023
9,845|**3. Tangible Fixed Assets**
Equipment
**£**
Cost at 1 July 2023
25,485
Addition
1,082
At 30 June 2024
26,567
Depreciation
Balance B/F
15,640
Charge for the year
6,011
At 30 June 2023
21,651
Net Book Value
At 30 June 2024
4,916
At 30 June 2023
9,845|
|---|---|---|---|
|||||
||||21,651
4,916
9,845|
## **4. Creditors: Amount falling due within one year**
|Professional fees|**2024**
£
430
430|**2023**
£
1,050|
|---|---|---|
|||1,050|
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## **P21 Gallery**
## **Annual report and financial statements for the year ended 30 June 2024 (continued)**
## **5-Related Party Transactions**
There is no transaction with any of trustees during the year.
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