P21 Gallery
Report and Financial Statements For the year ended 30 June 2025
Charity no: 1153141
P21 Gallery - financial statements for the year ended 30 June 2025
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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 |
P21 Gallery - financial statements for the year ended 30 June 2025
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Legal and administrative information
| Legal and administrative information | |
|---|---|
| Trustees | Dr Ibrahim Darwish Anas Radi Omar Ismail Anas Ahmad |
| Chairman | Naji Tamimi |
| Correspondence address | 21-27 Charlton Street London NW1 1JD |
| Bankers | NatWest Bank Tavistock House Tavistock Square London WC1H 9JA |
P21 Gallery - financial statements for the year ended 30 June 2025
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Report of the trustees for the year ended 30 June 2025
The trustees present their report together with the financial statements of the charity for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out in the notes and with applicable charity law.
Structure, Governance and Management
The charity was registered with the Charity Commission on 31 July 2013 under charity number 1153141. It is governed by a trust deed dated 22 July 2013.
P21 Gallery - financial statements for the year ended 30 June 2025
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Objectives and Activities
Overview of Charitable Purpose
P21 Gallery remains dedicated to promoting contemporary art and culture from the Arab world and its diaspora. The Charity is committed to fostering global visibility for Arab artists and providing a platform for cultural exchange. A core component of our mission is the reACT residency programme, which provides emerging and student artists with vital opportunities to contribute to the cultural landscape. By facilitating dialogues between the East and West, driven by the perspectives of a younger generation, the Gallery continues to build and strengthen international cultural ties.
Aims and Strategic Objectives
In fulfilment of its charitable objects, the Gallery focused on the following key objectives during this period:
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Cultural Bridging: To build viable and sustainable cultural links between the Arab world and Western European audiences.
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Artistic Dialogue: To facilitate meaningful exchange between artists from the Arab world and the global artistic community.
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Awareness & Education: To increase public awareness and appreciation of the diverse cultural and artistic heritage of the region.
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Innovation: To encourage and support experimental, lens-based media and multidisciplinary contemporary works.
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Community Engagement: To provide educational workshops for adults and children, promoting cultural diversity and social cohesion.
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Diaspora Support: To collaborate with local and national institutions, serving as a cultural hub for the Arab and Palestinian diaspora in the United Kingdom.
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Professional Development: To provide a critical platform for artists to evaluate and showcase their work within the context of the thriving London contemporary art scene.
The Gallery’s remit spans the Middle East, the Maghreb, and Arabic-speaking communities across the UK and Europe, ensuring a broad and inclusive representation of contemporary practice.
Review of Activities
To achieve its objectives, P21 Gallery delivers a diverse programme of public benefit activities, including:
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Major Themed Exhibitions: Curating large-scale showcases focusing on the intersection of art, architecture, and photography.
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Support for Emerging Talent: Allocating space and resources for experimental projects and debut exhibitions for new artists.
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Public Programming: Enhancing exhibition themes through a comprehensive schedule of gallery talks, live performances, and educational workshops.
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Literary and Cinematic Outreach: Hosting film screenings, director Q&As, and book readings to engage audiences beyond the visual arts.
P21 Gallery - financial statements for the year ended 30 June 2025
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Financial review
During the year, the charity received total incoming resources of £147,669. Total resources expended were £157,485, resulting in net outgoing resources of £9,815 for the year. At 30 June 2025 the charity had cash at bank and in hand of £17,219 and net assets of £18,925.
Trustees’ responsibilities in relation to financial statements
Law applicable to charities in England and Wales requires the 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 apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practice have been followed; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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 for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by:
Naji Tamimi Chairman Date: 29 April 2026
P21 Gallery - financial statements for the year ended 30 June 2025
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Independent examiner’s report to the trustees of P21 Gallery
I report on the accounts of the charity for the year ended 30 June 2025, which are set out on the following pages.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required under section 144(2) of the Charities Act 2011 and that an independent examination is required.
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 Commission under section 145(5)(b) of the 2011 Act, and to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 the trustees concerning 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 accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention 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 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Z Accountancy 167-169 Great Portland Street, 5th Floor, London W1W 5PF
Date: 29 April 2026
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Statement of Financial Activities
(incorporating the income and expenditure account) for the year ended 30 June 2025
| Notes | 2025 £ |
2024 £ |
|
|---|---|---|---|
| Income and endowments from: | |||
| Donations and grants | 95,899 | 113,796 | |
| Charitable activities: café, shop and hire income | 51,770 | -- | |
| Total income | 147,669 | 113,796 | |
| Expenditure on: | |||
| Charitable activities | 2 | 157,235 | 91,240 |
| Governance costs | 4 | 250 | 430 |
| Other resources expended | -- | 6,011 | |
| Total expenditure | 157,485 | 97,681 | |
| Net income / (expenditure) for the year | (9,815) | 16,116 | |
| Reconciliation of funds: | |||
| Total funds brought forward | 28,740 | 12,624 | |
| Total funds carried forward | 18,925 | 28,740 |
P21 Gallery - financial statements for the year ended 30 June 2025
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Balance Sheet
as at 30 June 2025
| Notes | 2025 £ |
2024 £ |
|
|---|---|---|---|
| Fixed assets | |||
| Tangible fixed assets | 3 | 7,614 | 4,916 |
| Current assets | |||
| Cash at bank and in hand | 17,219 | 24,979 | |
| Creditors: amounts fallingdue within oneyear | 4 | (5,909) | (1,155) |
| Net current assets | 11,310 | 23,824 | |
| Total assets less current liabilities | 18,925 | 28,740 | |
| Funds | |||
| Unrestricted funds | 18,925 | 36,532 | |
| Restricted funds | -- | (7,792) | |
| Total charity funds | 18,925 | 28,740 |
Approved by the trustees and signed on their behalf by:
Naji Tamimi Chairman Date: 29 April 2026
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Notes forming part of the financial statements for the year ended 30 June 2025
1. Accounting policies
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with applicable charity law and the accounting policies adopted by the trustees.
Fund accounting
General funds are unrestricted funds available for use at the discretion of the trustees in furtherance of the charity’s general objectives. Restricted funds are funds subject to specific conditions imposed by donors or other external parties.
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 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
| Description | 2025 £ | 2024 £ |
|---|---|---|
| Cost of sales and purchases | 4,507 | -- |
| Salaries / wages | 69,000 | 32,406 |
| Employer's National Insurance | 7,751 | -- |
| Bank charges | 438 | -- |
| Exhibition & art work | 11,510 | 42,273 |
| Insurance | 2,503 | 1,000 |
| Light and heat | 11,187 | -- |
| Postage | 57 | -- |
| Rates | 5,840 | -- |
| Repairs and maintenance | 24,977 | 8,535 |
| Stationery and printing | 745 | 474 |
| Telephone and internet | 7,297 | 3,598 |
| Travel and subsistence | 7,209 | 1,931 |
| Utilities | 3,367 | 1,022 |
| Website | 847 | -- |
| Rent & rates | -- | -- |
| Total | 157,235 | 91,240 |
3. Tangible fixed assets
| Equipment, fixtures & fittings | 2025 £ | 2024 £ |
|---|---|---|
| Cost at 1 July | 26,567 | 25,485 |
| Additions | 2,698 | 1,082 |
| Cost at 30 June | 29,265 | 26,567 |
| Depreciation at 1 July | 21,651 | 15,640 |
| Charge for the year | -- | 6,011 |
| Depreciation at 30 June | 21,651 | 21,651 |
| Net book value at 30 June | 7,614 | 4,916 |
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4. Creditors: amounts falling due within one year
| Description | 2025 £ | 2024 £ |
|---|---|---|
| Accruals / professional fees | 430 | 430 |
| PAYE and NI | 5,861 | -- |
| Trade creditors | 725 | 725 |
| Wages control account debit balance | (1,107) | -- |
| Total | 5,909 | 1,155 |
5. Related party transactions
There were no transactions with any of the trustees during the year.
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