REGISTERED CHAIUTY NUMBER: 1155680
STANLEY ARTS
FlninclRI Statements for the Year Ended 31 Mareh 2024
Xeinadin Audit Lin)ited
Chartercd Accouotants and Statutory Auditor8
Nightingale House
46-48 East Street
Bpsoln
KT17 IHQ

STANLEY ARTS
Contents ofthe Flnanci81 Ststements
for the yeAr ended 31 Mar¢b 2024
PAge
ChAlrmon's Report
Report ofthe Trustees
3 to 10
Report of the Independent Audltors
11 to 13
Statement of Flnanclal Acdvlde$
14
Balance Sheet
15
Calh Flow Statement
16
Note$ to Ibe Cash Flow StAtement
17
Notej to the Flnan¢lal Statements
18 to 25
DetAUed S¢Atement of FlnaDelal Aedvltleg
26 10 27

STANLEY ARTS
Cbalrman's Report
for the year ended 31 March 2024
As we close this fmancial year. we look back al the start of the 2023124 fmallcial year, whtch saiv us implement and
expand furiher our artjslic vision and community engagement tsrgets. soltdifying Stanley Arts as a radically inclusive
artistic hub at the heart of South Notwood. Despite still suffering the impact from the slow retUTn of our in-house
booking5 from the previous year. and our hires slowly 5tartillg lo reach our predicted targets, our conlinued growth and
rinancial $trengtb gave u5 a firtn belief tbat we were on tbe right track. Aad we continued to offer significant staff
support as part of our role in Croydon's year as London Borough of Culture ILBOC).
The Stonley Arts Board of Trustees is expanding and the working groups are in full function, and welcomes four new
members Abdulla Zaman, Rob Berkeley, Holly Vickers and Kelsey Williams.This responds to our previoiis
reslw¢luring impl¢mentalion need for recruitment, bearing in mind we had five board members Tesigning after th¢ end
of their tenure: Cameron McLeod, Richard Coopey, Sabrina D'Anjou, Sharon Ballard and Kimberley Thomas-Curri¢.
We ihank every single one of our former tTUStees for their support and passion in n￿kIng Stanley Arts achieve all its
goals. However, three of those fonner members are still with us and will continue to support the board activities from
our newly fomied advisory board- Cameron McLeod, Sharon Ballard and Kimberley Tbornas-currie.
Alongside the £307k per annunj for four years (given the ncw structuic proposed by ACE) from our successful bid 85
NPO, we were grateful to receive ongoing support from slatutory and other funders, including Arts Council England
(C&pilal Development Programme), Mayor of London, Croydon Council, DCMS. Historic England, National Lollery
Heritage Fund. Thealrcs Trust, I£¢he TDJSI & th¢ Archi¢￿tural H¢ritagc Fund.
FNil of oiw ADICEO, Dr. Dan WindevJ¥ great leadership and gregarious na¢ure w8s responsible for seeing Stanley Art8
from its NPO early stage5 of applicalion, LBOC period, and a true hands-on approach to our capital ptojecl which is
currently still in progress. Dan has not only seen th¢ transformation of Stanley Halls into our Current Stanley A￿, but
he undoubtedly has led the tTansfoTmation of our incredible building into a bome for our community of Artists,
practition¢rs, visitors, staff and all collaborators - our Sianley Arts family. We see Dan, who has led our organisalion
since 2019, depart from his current post to assurne the ADICEO role at Barn.sley Civic in October 2024. Words can not
express bow thankful we are for all Dan bas done for Stanley Arls, and know that he will continue to cbampion us as we
will continue to champion him in his new endeavors.
We also see the departurc of our hntsslic Learning and Engagernent Manager, Moa Strand, whose dedication and
coinmililleut to our conununity projects and pArtn¢rs helped our porifolio of learnin8 aclivili¢s and new approacbes lo
engagement ivilh our community 8row and become &$ robust as it is now. L4ura Buellesbach will be stepping in as
interim I, & F. Manager until January. We ivish bolh Dan and Moa all the best in their neiv paihs, and thank them for
their superb eonunitment lo our Slanley Arts family. W¢ also Eook forward to welcoming Louisa Peslcll to our I￿n11Y
wilh open arn]s.
As on accredited Living Wage Employer, we continue lo ensure thal all our slttff arc patd at least the London Living
Wage,
W¢ also continue lo collect the laurels of OUT strengthened institytional posilion, however, Ihe challenges on paving our
pathway to continue in this strong position still call for an active participation of all members of the board in order to
support this trajectory, and the ¢ng88em¢nt of tn￿tee$ in the workgroups will be parnmount for this engogement lo
respond to our cutrent needs. We are elated for our many successfvl bids (captained by our brilliant Senlor Fundraising
Man8ger Nichc)las Morgan) and incredibly fruitful partnerships gamered by our fantastic fundraising and managemcnt
team, the continued Collaboration between our SMT and our board of trustees. We arc in belter financial sbRpe than w¢
could ever expect, which makes OUT plans for the fulure nol so out of reach, always gulded by our vision to continue to
be one of South Lolldon's Prcmiere arts and performance venues, providing our local community wfftth a vital home for
cultural expression and discov¢ry. We continue to seek to foreground under-represented voices• providing black, globAI
majority, working-class, neuro-divergent and LGBTQI+ creativ¢s with a platforn] lo reach out to audience5 across
South London and beyond.
Page I

STANLEY ARTS
Chairman'5 Report
for the year ended 31 MAreh 2024
On behalf of all of u8, tTUStccs of Stanlcy Art4 I extend my tlwiks to the individuals, gToups, organisalions, trusts,
foundations and statutory authoriti￿ that have continued io support us. We are especially grateful lo Arts Council
England for the guidance and support in our successful application as a National Portfolio OrgaDisalion. And lo our
r¢mArkably ever so talented and growing staff teatn who have consislenlly done all they could to keep us on a steady
growth trajectory and to make a positive contribution to the cultural fabric of South Norwood, Croydon alld beyond -
we are incredibly excited of what ltes ahead, and we could not have made to here without each and every one of youl
Dr. Almiro Andr&de
Chair of the Board of Trustees
Stanley Arls
Page 2

STANLEY ARTS
Report of the Trustees
ror the year ended 31 March 2024
Th¢ tfuslees PT¢senl Iheir report with the finallcial stal¢m¢nls of the charity for the year ended 31 March 2024. The
truste¢s have adopted the provisions of Accounting and Rqx)rting by Charities: Statement of Recomrnended Practi¢¢
applicable to charities preparing tbeir accounts in Krordance with the Fioan¢ial Reporting Standard applicable in the
UK and Republi¢ of trelalld (FRS 102) (effective l January 2019).
OBJECTtVES AND ACTIVITIES
Sunimary of the purposes of ibe charlty as set out In Its governlng document
The objects of the Charity aTe'.
l. For the public benefit, to preserve the buildings known as Stsnley Halls; and
2. For the publi¢ benefit, including particular reference to members of socially andlor economically disadvantaged
communilies, to adv8nce> promote, encourage, educale and develop appreciatton and enjoyment of. Access to, and
participation in th¢ art$, Culture and berilAge.
Main Aetlvittes undertaken for the publlc benellt in relatlon lo these objeets
The main activities undertaken for public b¢n¢fit have been:
- Continuing to fundraise for and invest in the restoration, renovation and improvement of our historic home.
Playing a key role in the development and delivery of th¢ London Borough of Culture progrAmme acros8 Croydon
throughout the year.
Producing and h05tin8 events open lo the public al Stanley Arts - for¢8roundin8 under-represented voices, providing
artists of colour and LGBTQ+ ¢r¢ativ¢s wtth a platforzn to rcach out to audicnces acros5 South London; Ihrough a
programme of dancei perforniance and visual arts.
Providing a creative home to 8 ran8¢ of individual local artists And perforniillg arts organisalion5. 811 part of the
Stanley Family.
Pursuing a rang¢ of fundraising applications aimed to continue the ongoing f￿ancial suslaioability of our OTganisalio
Supportin8 the local economy tlwougb direct employmenl and Ihe use of lo¢al suppliers and trades.
Publlc benellt
The obje¢tives and Activities and achievernenls ond perfomiance se¢lions of this report clearly set out the a¢tivilie5
Ivhich Ibe cbarity undertakes for th¢ public benefit. The trustees confimi that ihey have complied with the duty iti
section 4 of the Charities A¢1 2006 to have due reg&Td lo publi¢ benefit guidance published by th¢ Commission in
deterniining Ilie activities undert8kcn by Ihc charity.
Page 3

STANLEY ARTS
Report of tbe Trnstees
for Ihe year ended 31 March 2024
ACHIEVEMENT AND PERFORIKANCE
CEOIArtlstlc Dlrector's Summary
Introduetlon
For Slanley Arts, this wa5 an exceptionally busy year. fi￿1 of ¢ballen8es and excitement. After two years of planning we
saw the start of Croydon's year a5 London's Borougb of Culture
a programme we have played a key rol¢ in,
throughout the development and delivery schedule. Through th¢ LBOC year over 655,000 peopl¢ engaged with the ivork
of more than 2750 artists, across Ihousands of different events & culturAI opportimilies. SLinley Arts and its team were
central io making a lot of this extraordinary achievement possible.
Alongside all this borough-wide delivery and sector development we also completed our first year as a new member of
Arts Council England's National Portfolio. Throughout the year we continued to grow our own pmBramme and invest
in our buildings alld technical infroslrncture.
FlnaD¢lwl Perfornjanee
Considering th¢ macroeconomic climate we had an excellent fmancial year. We ended ihe final quarter with a surplus
of nearly £60k. This was almost double our budgeted sutplus. With a planned expansion in payroll, fimded by ACE
NPO money, our staffin8 overheads iyere up by £200k on last year. and ihe completion of phas¢5 of capital works
bas seen our depreciation and other building overheads double to £250k. However this increase in th¢ cost base has
more than been compensated for by an increase in revenue, particularly ￿ndraised incom¢.
Our gross trading revenue is up for 50k to around £410k n¢t ihe costs of sales. This repTesents yearwon-year an
improvement of around 140/0. Our fundraised revenue h&8 glmost trebled from £344k lo £980k. This lar8e increase is
very welcome, though in future years we would hope to see a rebalancing, with furth¢r growth in camcd income
starting to rebalance ibe overall income mix 50 that we are nol relying so heavily on external fijnding sources lo
mainlain Current activity and sta￿1n8 levels.
The nel Assets of the charity increased from rou8hly £39k at the end of March 2023 lo around £99k at the end of March
2024.
Reerultment
As part of a strategy to broaden and diversify our board of trustees, in S¢plember 2023 wc recruited a new chair, Almiro
AndrAde. Almiro is currenily a Lecturer in Contemporary A¢lin8 and Associate Lecturer in Dramaturgy and
Performance for Film and I'elevision at University of the Arts Lon(lon. His work as an educator spans over 25 years
both in the UK and abroad, with Ihe last 6 of those years he was th¢ Chair of ihe Board of Trustees of stonecrabs
Theatre Company* which he joincd as an artistic 85sociate in 2011. Our outgoin8 cbairrn8n, Cameron McLeod, bas
generously stayed on tbe board Ibis year lo support thc transilion process. He stepped into lh¢ role of treasurcr to ensure
continuity of finaiicial overs￿￿¢.
As part of our ACE NPO plan for this year, we allocalcd the additional core resources received towwds slatT
recruitment in key areas. This included p new Markcling Manager, Ella Goel, and a new General Manager, Corinne
Beaver, who both joined us in Jun¢ 2023. This expansion of our Senior Management Team will ensure successful
delivery of our organisalional development and gr0￿h plan&
Corinnc in particular has brought a wealtb of expeTtence from a long career in arts management. Since her appointment
he has focused on a range of structural and operational improvements, further developtng and inslituting a broad range
of policies and procedures, ensuring that Stanley Arts has all the infrastructure needed to ensure a Stable and 5115tainable
future.
In addition to these two key SMT roles we also recruited for a part-time Data Athninistrator and part-time Community
Data Collector. This ivas part of a strategy to invest in our data and evaluation capacity. With multiple fimding patlners,
and Ihe new ACE NPO evaluation framework to deliver, il was iinportanl lo create dedicated staff roles in this ar¢a.
This will ensure a continued good Telationship with existing fUllde￿, and help with providing an evidence base for
futt]re fundiog bids.
Page 4

STANLEY ARTS
Report of the Trustees
for the year ended 31 March 2024
There w¢re some stair rclenlion issues lo overcome ill th¢ year. We initially recTUited for a Learning & Engagement
Youlh oificer in Aug but had to re-recruil in November 2023 as the original c8ndidat¢ decided th¢ rol¢ was not right for
them during their Ihree-month probationary period. The new candidate, Andrew Millar, has been a great addilfon to the
Learlling & Engagement team, so the outcomc was very positive. We also ICCTUited Yasmin Downie, our n¢w
Learning & Engagement Heritage OITicer in SepL to deliver the Historic England'Framing Croydon, programme.
In th¢ year, we recruited Kay Mi¢ha¢l & Chrissy Jay on ftxed Contracts lo d¢liv¢r our Carnival of tnvention and Arcadia
proje¢ls' as well 85 a Venue T¢01￿1¢Aan to support our Senior Tech in d¢liveriDg what was a very busy second half of
the year. The use of fixed-temi contracts lo help bolster our in-house production capacity for specific PTojeels has
proved effective; though we may look to Tecniil our own Senior Producer to lead on in-house projects in the next tax
year.
Funding
Joinin8 the ACE NPO means £30Tr PA for the next three years to cover the core costs of Stanley Arts. Alongside this
vital funding we have also been very successful in using our year as a key cultural hub for London Borougb of Culture
to argue for additional revenue 8UPPOrt for differenl strands of cultural delivery.
As the LBOC lead for Queer Arts we raised £65k from ACE, the GLA and Croydon Council for a year-long queer arts
programme. Our growing partnership Ivitb the GLA has also seen u5 funded £60k lo deliver a two-day youth mental
health event, Rewire, which is the culmination of the threppyear 2.8 Million Minds l Thriv¢LDN programme.
As lh¢ Heritage lead for LBOC we supported Croydon Council lo write a bid for a £265k NLHF heritage engagement
programme - wiib £85k of that overall funding supporting work delivered by Stanley Arts. At the end of lax year we
received confirnlation of a successful NLHF of our own for a £226k programme of boih capital work and hciitsge
engagement to celebrate Ihe decorative scheme of Stanley Halls.
During the year we also were success￿1 in gaining £49k from Hisloric En8land for the Framtng Croydon projwL wbicb
will explore ways to engage loc&1 communities with Ihe intangible herila8e of local herits8e assets at risk.
A two-year Place Partnership programme, ￿llded by Arts Council England, started this year. Again, Stanley Arts led on
the bid writing for an overall project budget of £548k, Iviih £135k of this money direclly supporting SA to deliver a
two-year artist developmcnt programmc And lo support tbe development of Queer Croydon.
Smaller-scale successful fvnding includes the GLAICEZ'S Green Investment scheme for insulating our lofts for £IOk,
£20k from the Sivkre Foundation as malch for our NLHF programm¢ and over £20k from th¢ Vogv¢ World fund lo
support our overall Cul￿[￿1 &ctivities.
Alongside fijndraisitig for Stanley Arts, we have also worked closely with two organisations within th¢ StAnley Fan]ily,
Beeja Dance and Birdgang Lid, lo successfully fundraise for two PTojects of theirs for delivery at Stanley Arts, Though
providing this support does not dircclly benefit Slanley ATts bottom line, il helps our key artistic partners develop and
grow. fulfilling on¢ of our key charitable objeelives - the support of ihe ivider artistie ecosystem.
London Boyough ol Culture Programme
Our support for the year-long programm¢ was extensive. Behind the scenes we led and hosted the inonlbly LBOC
Steering Group m¢etings, contributed to ihe overall Strategic Programming board, and managed and delivered the
Queer Arts Network meetings, the Youth Arts meetings, the Markeling, Evaluation and ih¢ Legacy sub-group meetings.
A5 cliair of the LBOC steering group our ADICEO was part of all the major decision-making processes for tbe LBOC
year.
Our ¢r¢aliv¢ team led tbe Queer Arts and Heritage p￿grAn￿lle5, as well as supporting most of the Dance strand. We
delivered a broad range of show5, dances, exhibitions and partt¢ip3tory events for the LBOC programme, both al
Stanley Arts and across Croydon. From the LBOC launch event to the closing weekend, our dedicated Staff were
extensively involved. Highlights iucluded th¢ Open House heritage ptogramme, a progrdmme of South-Asian heritage
arts showcased across Croydon and wider London, the Collide queer arts event, our four Queer Arts Conynissior8,
Croydon Pride, Croydon Mela, Bold Mellon's Queer Joy exhibilion, Zooco's NightshifL Dance Umbrella & Birdgang's
Family {dy5)FunGtion, Requardl & Rosenburg's Super Extra Nalural Nonnal - at the Whilgift Shopping Cenlr¢, and
Theatre Rites, Journey of a Refugee.
Page 5

STANLEY ARTS
Report of the Trustees
for the year ended 31 Marcb 2024
The first phase of the Queer Arts programme, delivered in partneT5hip with RAZE Collective, 5UPPOrted ihe
development of a range of inslallalion art and p¢rforniallc¢s in July 2023. Th¢ commissioned artists wer¢ Amani,
an0n￿ly• Bilan Suliman, Dat￿Y Bailey & Alizée Ndiaye. Dot Alma, Duncan Disorderly. June Lam, Lateisha Davine
Lovelace-HansO￿ Orion Isa8cs & Tanaka Fuego. The second phase saiv us Work in a more indepth way lo develop the
work of four artists I groups for premi¢r¢ perforniances in Feb & March 2024. These new pieces were Finding the Right
Words from Debris Stevenson, Crying Shame from Sweet Beef, Pigeons from Jules Cunningham and Finding Olokun
from Danny Bailey. All of these new works continue to be developed beyond this iniltal launch opportunity.
We also delivered impactfvl digital conlenl, including a regular LBOC podcasL produced in-house by oiir sentor
technician, and. working closely with choreographer and film-maker Simeon Qsyea, Ihe f8nlaslic Croydon Chronicles
films - which combined the music of local icon5 like Samuel Coleridge Taylor with the dance skills of dancets from the
Brit School and Birdg8ng's Eggz youtb dance group.
The reach and scope of the over811 year-long LBOC programme was extensiv¢ with 114 parther or8anisalions working
with 2750 artists to reach audiences of 655.000 over 12 months. 920/0 of Croydon's schools were involved and over
16,000 opportuntties were taken up by young people. Over IOIXI people volunteered across the more ihan five events
per day that we averaged for Ibe whole year.
Cultural Programme
Beyond LBOC we continued to deliver a broad cultural programme at Stanley Arts. The re￿rn of the Commons dance
festival saw us work wilh Akademi Dance. Thick and Tight, Birdgang Ltd and SE19 Dancc Company. and support
dance artists like Hannah Ekholm & Faye Stocscr lo devi.lop new work. The summer brought Family Prid¢, our annual
celebration of diverse queer families, led by regular collaboralor Mama G.
Our family theatr¢ programme moved towards a more regular schedule, settlin8 into a monthly slot by the end of Ihe
year as we continued to grow family audiences. We used major festivals like Halloween and Cbristrnas lo engage the
broadest of audicnces with our family-friendly programme. This year our panto, Jack & the Beanstalk, produced in
partnership with Petit¢ Panlos, was our biggesl and best yet. Thc imrnersive Grotto experience a huge success.
Beyond Ihe Conimons festival, dance continued through the year. We saw dance battles from botb BirdgAnB and
Indahouse and the relurn of Halchworks
Birdgan8's annual development project and showcase for llew
horeographers. Beej8 Dance d¢liv¢red community dance eveols for both Ibe Holi and Diwali celebralions.
Other events include the South Ix)ndon Comic & Zine Fair, Ihe finale of the Crystal Palace Internation81 Film Festival,
an exhibition exploring the scores of Samuel Coleridge Taylor. and Room3Dream's 3D film presented in a pop.up dom¢
in tb¢ centre of our main hall.
The first year of our Place Partnership-funded emer8in8 artists and dance programme supported perforn?ances of
Co-Diwtors Daryl Beelon and Lina Johansson Look Mum, No Hands! and Birdgang Ltd'5 BOOK 4 SHORTS as part
of The Place's Playground Tour project. We provided a development grnnt for Anders Duckworth's Little M; & trans
reimagining of the Little Mermaid story. We also supported Dancc Umbrclla's Skydiver- a family dance show that was
part of their Orbital tour, Second Hand Dance's The Sticky Dance, Cathay Waller Dance's US a dance drone film
project, and Requardt & Rosenberg's PlayAn8 Croydon. The Second and final year of Ihis programme will see an ¢ven
wider rang¢ of op¢ra. music, theatre alld perfomiaDce supported.
Key culmtal partners included Birdgong Ltd, Boundkss Theatre, Zooco, Beeja Dance, RAZE Collective, Bold Mellon
and Queer Croydon. all forn]al rnembers of the Stanley Family. Beyond Ihese regular collaborators we also worked wÉth
Dance Umbrella, Theafre Rites, The Place. The Brit School, Pointe Black. ThrivelAin, Indahouse and Reaching Hi8her:
and individual atli51s Kenny Willg Tao Ho, Purrsia Kitt and Wathy Waller Bridge.
Youtb Arts
Pag¢ 6

STANLEY ARTS
Report of the Trustees
for the year ended 31 March 2024
Wilh the arrival of a dcdicaled Learning & Engagement Youth Officer. funded by the Paul Hamlyn Foundation, we
were able lo expand the range and reach of our WOTk with and for young people. The centrc of our year was the Arcadia
project. This programme worked with five delivery partners, Cyrus Consulting, Croydon Youth Assembly, Boundless
Theatre, Croydon Youib Theatre Organisalion and Zooco, and fify young people. to explore issues arouJ)d the climate
emergency and to make creative responses to the subject to be shared as part of a weekend-long Arcadia festival in
April 2024.
The five groups rnet regularly tlwough the year to ensure a shared approach and coherent aesthetic Ivhich will infomi
the diverse range of creative responses tbat each group will presellt in April 2024. Alongstde the work of the youn8
people, our producers Kay Michael and Chrissy Jay, are developing a broader programme of workshops, exhibilions
and sector enga8ement events for the end festival; designed to complement the core youth arts activity.
Under th¢ leadership and guidance of our ¢xperienced producers, and with professional devclopmeJ)t support from
Boiindl¢ss Thcatrc, five young producers helped lo deliver tbe whole of the Arcadia programme, ensurin8 ihat we also
were helping to develop the next generation of crealiye producers.
Alongside the year-long Arcadia PTogramme we also Worked closely with Boundless Theatre to deliver a Iwo-day
summil focusing on youih mental healtb attd creativity. The Rewire Sun)mit, whicb was presented al Stsnley Arts ia
Feb 2024, grew out of a sequence of meetings held by ThriveLDN with a range of London-wide parlners. ThriveLDN
hav¢ been d¢v¢loping tbeir work ID ihis area for three years, including the previous 2.8 Million Minds project. The
Rewire Summit was the next step tn this ongoing programme and brought young people from Across London togellier to
explor¢ issues around youth mental health and the role that crealive institutions and crealive activity can play in
improving mental health outcomes. After th¢ R¢wire FestlV81 we conlinue to engage with Thriv¢LDN and th¢ GLA to
explore fu￿re opportunities to collaborate in this vitsl area.
HerltAEe & Communlty Engagement
The three year Historic England Future High Streets Cultural programnle cuirnin&ted in Ihc Feslivftl of Invenlion - a
day-long street festival on Station Road, produced and delivered by Stanley Art5. The highlight of the packed day of
community activity, perforniances, workshops and stalls was a soap-box race down the lell￿b of Ihe road, featurillg
cars produced by Iwal teams to celebrate the creativity and history of Soulb Norwood.
Alon8side the Festival of Invenlion, tb¢ programm¢ olso funded th¢ completion of Marlin Ed¢n's ¢pi¢ eight-part zitie
series The Mysterious Door of Slanley Halls. This fan18slical reimagin&lion of the history of Soutb Nonyood, and its
famous name5, will bc reprinted as a single collectors-item book.
Our follow-up ¢ollaboralion with Historic England is an exploration of the intsngible heritsge of buildings* focusing on
the ¢motional and personal connection people have with their built-environment. The Frnmkng Croydon programme
will contribute to Historic England's neiv national berilage engagemenl strategy, and develop And explore ways lo better
connect local communities wilh more fonnal civil society institutions like COUDcjls and conservation officers, lo woik
together to ensure the preserv81ion of our shared herilage.
We also received funding from the National Lottery Community Fund for a Special community celebration of the King's
coronation. Our day-long party fealured a coiwnunity feasl. music. dance at]d creative workshops for everyone. This
a wonderful way lo celebrate the start of the new King's reign.
Capltal Works
With a focus on cultural delivery, there was less major capital work this year than last. The frontage work was
completed with the delivery and installation of our n￿V Tailings - wonderful h3nd-crdlled replacements with a design
inspired by the original 1909 railings wllich were removed during the second World war.
We invested in reducing tbe energy fooiprinl of our building with insulAtion installation across all ow main lofts. We
also look th¢ opportwlity to fit new ladders and access hatches lo allow us to myJ(e bell¢r us¢ of these spaces for
storag¢. We fitted a water butt in our back yard to store iainwat¢r for use on our plants.
We also it)stalled attd improved tbe toilets next to our Assembly room with the addition of sympathetic tiling, and th¢
inslallalion of two more cubirles and new wash basins to expand capacity.
Page 7

STANLEY ARTS
Report of tbe Truslees
for the year ended 31 March 2024
Future Plans
YE25 ivill be the second year of delivery for both OUT Place Partnership-￿nded Emerging Artists & Dance programme
and the Paul Hamlyn-funded youth arts ¢ngag¢m¢nt aud sector development support.
As we emerge from our year as London's Borougb of Culture we will be working with paTthers to ensure a cultural
l¢ga¢y for both Stanley Arts and the broader Croydon cUl￿ra1 ecosyslem. In particular we will belp establish Culture
Croydon as all ougoing foTum for th¢ creative sector in Croydon. Our work supporting Queer Croydon will continue as
it looks to establish itself as an independenL cOnsti￿ted members-led organisation.
We ivill seek to continue developing our ivorking relationship with key partners like the GLA aad ThriveLDN, offering
a local plaifonn for cultural projects that seek ￿ have social and health impact.
We will seek ￿rth¢r operational improvements as we embed our new CRM and ii¢keting sy&t¢m and invcsl staff time
in streamlining the delivery of our ¢valuation framework.
A key ￿ndraiSing and developmeni focus will be a large-scale capital development projecl for the whole
building. In the meantime w¢ will continue to deliver smaller scale capilal itivestmellls. Next year the immediate capital
focus will be our NLHF-funded decorative sch¢m¢ proj¢¢l which includes Testoration and repairs to our hisloric floor
and wall tiles.
FINANCLIL REVIEW
Investment pollcy 8nd obJectlve$
There are no restrictions on the charity's power lo invest and tbe curreni policy is to illvesl in sbort temi ￿ndS with the
charity's bankers.
Reserves poucy
In order to provide an effective alld efficielll service, the twslees have sel a reserves level to etsable a smooth transition
to a lower level of servi¢¢, in the event of fvnding not being sulTi¢i¢nt to cover cxpenses in Ihc future. The Iruslees have
a reserve target of approximately three months of core payrolM)udgeted operating expcnses. With our increased cost
base, the new monthly figure for building And staff overheads is approximately £70k pcm. Thi$ means & new target
reserves level of £21 Ok. The tNsle¢s will also de5ign&te fimds for specifjc PUryK>ses from tim¢ to time.
By year-end. the total ofreserves increased from £36,532 to £257,892.
STRUCTURE, COVERNANCE AND MANAGEMEIYT
Governlng dotument
Stanley Arts is ¢QDStitui¢d as a Charitable In¢orpoTafrd Or8anisatioD and operate5 under a constitution and witb
charitable objects approved at a general meeting of members on 19th January 2021. In accordance with the charity's
ODStitution, there shall not be less than seven iTUStees nor n)ore than eleven INslees at any lim¢.
Recrultment and appolntnient of new trustees
All tTh5tees are nominated and appointed by the cxisling ITUStees on the basis of specific skills and knowledge to enable
thcm to make a contribution to the management of th¢ clwity.
Owganls8tlonal structure
The Board has established a number of sub-bToups with specific Tern￿ of Reference to asstst in providing oversight and
constructive challenge. These currently include the HR Con)rnittee, Capital Works Group, Artistic Progrkmme,
Environmental, Finance. Equality, Diversity & Inclusion and the Fundrttisillg Group. These groups will conlinue to
evolve as needs Change.
Day-to-day management of Stanley Arts is delegated lo the Artistic Dircctorl CEO, Dr Daniel Winder, and tbe Board
once again records ils appreciation lo Dan and his team for their contribution over another challenging yeaT.
Rlsk manAgemeDt
T￿Stee8 are mindful of their responsibilities aod review risk on a Tegular basis. Th¢r¢ is an assigned role of Risk Lead
on th¢ board, The trustees have considered th¢ broad areas of risk for the charity and have put iti place certain measures
to miligate or negate these risks. This is kepi undei review and spe¢ialist advice is sought where neccs5&ry.
Page 8

ANLEY ARTS
Report of the Trustees
for the year ended 31 March 2024
RKFERENCE AND ADMINISTRATIVE DETAILS
Registered CbATity number
1155680
PrlnclpAI Address
12 SouthNorwood Hill
London
SE25 6AB
Trustees
Dr A Andrade Chair (appointed I1.9.23)
Ms A Blocker (appointed I1.9.23)
Ms C Evans
G Main (appointed 22,4.23)
Mx EM Williams
C McLeod
Ms S BRllard
R Coopey
A Gr¢¢n (resigned 25.7.23)
Ms K Thoings-currie
G Whitlock (resigned 25.7.23)
Audltors
Xeinadin Audit Limited
Chartered Accountants and Statutory Auditors
Nightingale Housc
46-48 Easl Street
Epsom
sU￿¢Y
KT17 IHQ
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for prcparing thc Annual Report and the fmancial statements in accordance with applicable
18w alld United Kingdom Accounling Standards (United Kingdom Generally Accepted AccounlinB Practice).
The law 8pplicable to charities in England and Woles, the Charities Aet 2011, Charity (Accounts and Reports)
Regul&tions 2008 and Ihe provisions of the trust deed requires the trustees to prepare financi&l slalements for each
fin8n¢ial year whi¢h giv¢ a true and fair view of the stste of affairs of the charity and of the incoming resources and
application of resources, including the illcome and expenditure, of the Charity for th8t period. In preparing those
fiiiancial slalemenls, the trustees are required to
8elecl suitable accounting policies and then apply theih consistenily•
observe the Tnethods and principles in the Charity SORP;
make judgements and estimates that are r¢asonable and prudent;
state whether appltcable accounting stsndards have been followed, subject lo any material departures disclosed and
explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to pregun)e that the charity will
continue in business.
The Iruste¢s are responsible for keeping proper accounting records which disclose with re850nable accuracy al any time
the financfial position of the charity and to enable them lo ensure ih81 the fman¢ial stalements comply with the Charities
Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also
responsible for safeguarding ihe assets of the Charity and hence for takin8 reasonable steps for the prevention and
detection of fraud and other irre8ularilies.
Page 9

srANLEY ARTS
Report of the Trustees
ror Ihe year ended 31 Mareh 2024
19.11.2024
Approved by order of tbe board of trust￿5 on ...................... ...................... and signed on its behalf by:
Dr A Andrade- Trnst¢¢
Page 10

Report of the Independent Auditors to the Trustees of
Stallley Arts
Opllllon
We have audited the fmancial stslements of Stanley Arts (tbe 'cbarity) for the year ended 31 Mareh 2024 which
comprise the Statement of Financial Activilie5, the Balance Sheet, the Cash Flow Statement and note5 to the financial
statements, includillg a 5umJnw of significant accounting policie5. The fmancial reporting framework that ha8 been
applied in their preparation is applicabl¢ law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements-
give a trLEe and fair view of the stale of the charity's alTairs as at 31 March 2024 and of its incomin8 resources and
applieation of resources, for the year then ended.
have been properly prepared in a￿ordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance wiib the requirements ofthe Charities A¢t 201 L.
Bgsli for oplnlon
We ¢ondv¢ted our audit in a¢eordanc¢ with International Standard$ on Auditing (UK) USAS (UK)) and applicable law.
Our r¢sponsibilittes under those standards are further described in Ihe Auditors, responsibililies for the audit of the
rinanGi81 slalements se¢tion of our report. We are independent of ihe charity in accordance with the ¢thical
requiremenls that are relev8nl to our audit of the fmallcial slalemenls in the UK, including Ihc FRC'S Elhi¢al Slandard,
and we have fulfilled our other ethical responsibilitie5 in accordance with Ibese requirements. We believe that the
audit ¢vidence we have oblained is sutyicient and appropriate to provide a bAsis for our opinion.
Con¢luslon5 rel8tlng to golng eoncern
In auditin8 the financial statements, we have concluded tbot the tn￿lee$, usc of the going concern basis of 8c¢ountitig in
the preparation of the fmancial stalemenls is appropriate.
Based on the work Ive have perfonned. we have nol identified any material uncertainties relating to events or condition$
that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for
pcriod of at l¢ast twelve months from when the financial statcmcnts are authorised for issue.
Our responsibilities and the responsibilities of ih¢ trustees with Tespeel to goin8 concern are described in the relcvanl
sections of this report.
Other Inlormatlon
The Iruslees are responsible for th¢ oihcr infornialion. The other infornlation comprises the inforn]alion includcd in th¢
Annual Report, other Ihan the financial statements and our Report of th¢ Indwnd¢nt Audiiors tliereoii.
Our opinion on the fthancial slatemenls does not cover the other infomiation and, except to the extent otherwise
explicitly stated in our report. we do not express any forni of as5umce conclusion thereon.
In conne¢lion with our audit of the financial slatemenls, our ￿POnSIbl]Ity is to read the other inforn]alion and, in doing
so, consider whether th¢ oth¢r infomation is materially inconsistent with the financial slalements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such malcrial inconsistencies or
apparent materi81 missl8lement$, we are required to del¢rmine wbeiher this gives rise lo a material misstalem¢nt in th¢
f￿anCIaL statements themselves. If, based on Ihe work we hAv¢ perfornied, we conclude that there is a material
misstatement of this other iDfomiation, w¢ aT¢ required to report that fact. We have Dothing lo report in thi5 regard.
Matt¢r$ on whlch we are requlred to report by excepllon
We have nothing to report in respect of the following matters where the Charitiey (Accounts and Reports) Regulations
2008 requires us to report to you if, in our opinion:
the information given in the Report of the Trust￿$ is inconsistent in any m8teri81 respe¢l with the F￿ancial
statements. or
sufficient a¢couiLting iecords have not been kept. or
the fitlancial statemen15 are not in ag￿eInent with the accounting records and returns: or
w¢ have not r¢ceived all the infomialion and expl8natlQD5 we require for our audit.
Pagell

Report of Ibe Independent Audltors to the Trustees of
Stanley Arts
Respon$lbllltles of trustees
AS ¢xplain¢d more fully in Ihe Statement of Trustees, Responsibilities. the In￿leeS 8Te responsible for the preparation of
the fmancial statements which give a true and fair view. and for such internal control as the truslecs detem]ine is
necessary lo enablc the preparntion of fman¢ial statements that are free from material misstatem¢nt, whether due to
fraud or error.
In preparing the finanoial statements, the trustees are responsible for asSCS5ing the charivs ability to continue as a
going cono¢rn, disclosing, as applicable, matters related to going concern And using the going concern basis of
accounting unless the t￿slee5 either intend to liquidale tbe charity or to cease operations, or bave llo realistic alternative
but to do so.
Our responslbllltlos for the 2udlt of tbe flnanclal statements
We have been appoinlcd a5 auditors under Scclion 144 of th¢ Charities Aci 2011 and report in accordance with the Act
nd relevant regulations made or having effecl thereuoder.
Our objectives aT¢ lo obtain reasonable assurance about wbetbcr the fumncial 51alements as a whole arc free from
malerial misstatement. whether due to fraud or error, and to issue a Report of the Independenl Auditors that includes
our opinion. Reasonable assuronce is a high level of assuTance, but is noi a guarAntee that an audit conducted in
accordance with ISAS (UK) will 8lways delect a malerial misstalement when it exists. Misslatemenls call arise from
fraud or c￿0[ and are considered material if, individually or in the agBregale, Ihey could reasonably be expected lo
influence the economic decisions of users taken on the basis ofthes¢ fmanci81 slatements.
The extent to which our procedures are capable of detecting irffgularities, including fraud is detailed below:
Identify and assess the risk of material misstatement of the f￿ancIal statements, whether due to fraud or error, design
and perfonn audil procedures responsive to tbos¢ risks, and obl8in audit evidence that is sufficient and appropriale to
provide a basis for our opillion. Tb¢ risk of not d¢t¢¢ling a mat¢rial misstal¢m¢nt r¢sulling from fraud is &igher Ihan for
one resulting from error, as fraud may involve collusion, for8ery• inl¢nlional omissions, mt5r¢pr¢sentalions or the
override of internal conlrol.
Obtain an understanding of internal control relevant lo the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the
company's interngl control.
Evaluate the appropriateness of accounting policies used and the reason8blencss of accounting estimates and the
related disclosures made by the director&
- Conclude on Ihc appropriateness of the directors, use of the Boing concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related lo event or wnditions that may cast significant doubt on
the company'5 ability to continue as a going concern. If we conclude thal a material uncertainty exists, Ive are required
to draw attention in our auditors report lo the related disc105UTe in the financial slaternents or, if such disclosures are
inadequate to modify our opinion. Our conclusions are based on the audit evidence obtained up to ihe dat¢ of our
auditoV8 report. However, future events or conditions May cause the company to cease to continue as a going concern.
Evaluate tbe overall presentation, structhre and conlent of the f￿anCIal statem¢nts. including the disclosures, and
)vhelher the fmancial Statements represent the underlying transaGtion5 and events in a manner that achieves fair
pr¢5entation.
A thrther description of our responsibili11￿ for the audit of the financial statements is located on the Financial
Reporting Council's website at wi¥w.frc.org.uklaudilorsresponsibilities. This description forn)s part of our Report of ihe
Independent AuditOTS.
Page 12

Report ofthe Jndepelldent Auditors to the Trustees of
Stanley Arts
Use of our report
This report is made solely lo the charity's t￿stee5, as a body, in accordance with Part 4 of the Ch8riltes (Accowlts and
Reports) Regulations 2008, Our audit work has been undertaken so that we might state to th¢ ¢barity's trustees those
matt￿S we are required lo state to them in an auditors, report and for no other purpose. To the fullest extent pern]itted
by law, we do not accept or assume responsibility to anyone other than the charity and tbe ch8Tity'S trusl¢es as a body,
for our audit work, for this report, or for th¢ opinions we have fonned.
Xeinadin Audit Liftnited
Chartered Accountants and Statutory Auditors
Nightingale House
46-48 East Street
Epsom
SU￿eY
KT17 IHQ
Date..
Page 13

STANLEY ARTS
Stafemenl ofFin4ncial Activities
ror the year ended 31 March 2024
2024
Total
fund
2023
Total
funds
Unrestricted
fund
Restricted
fimds
Notcs
INCOME AND ENDOIVMENTS FROM
Donations and legacies
472,540
663,986
1,136,526
334,972
Charitable actlvltles
Cafe & Bar
Community Letting
Artisti¢ programm¢
Other income
117,085
245,474
131.928
13,071
117,085
245,474
13l,928
13,071
130,521
189,074
87,200
14,853
Investmcnt ineome
378
Total
983 144
663 986
1647 130
756 998
EXPENDITURE O
Raising ￿ndS
35,715
35,715
24,183
Charltable acttvltles
Cafc & Bar
Community Letting
Artistic programmo
Building Overheads
300,615
367,949
188,644
189
300,615
367,949
693,503
189
297,764
161,861
314,422
504,859
Otber
575
Total
893112
1397 971
798 805
NET INCOMEI(EXPENDITURE)
90,032
159,127
249,159
(41.807)
RECONCILIATION OF FUNDS
TotAI funds brought forward
36,532
36,532
78,339
TOTAL FUNDS CARRIED FORIVARD
159 127
285 691
The notes fomi part of these f￿ancial statements
Page 14

STANLEY ARTS
Balanee Sheet
31 Marcb 2024
2024
Total
nds
2023
Tot41
funds
UDreslricted
fi]nd
Restricted
nds
Notes
FIXED ASSETS
Tangible assets
852,854
852,854
967,850
CURRENT ASSETS
Stocks
Debtor5
Cash al bank and in hand
12
13
7,134
100,909
216 737
7,134
100,909
375 863
6,753
181,491
353,609
159 126
324.780
159.126
483,906
541,853
CREDITORS
Amounts falling due within one year
14
(981,069)
(981,069) (1,393,171)
NET CURRENT ASSETS
656 289
159 126
497 163
851318
TOTAL ASSETS LESS CURRENT
LIABILITIES
196,565
159,126
355,691
116,532
CREI DITORS
Amounts falling due after more than one year
15
(70,000)
(70,000)
(80,000)
NET ASSETSI(LIABILITIES)
126565
159 126
285 691
FUNDS
Unrestricted funds
Restricted fjjnds
17
126,565
J59 126
36.532
TOTAL FUNDS
285 691
The f￿anCIal statements were approvcd by the Board of Trustees and authorised for issue on
q9..f1..2024......................... and were signed on its behalf by:
A Andrade - Trustee
The notes fonn part of these fmancial slatements
Page 15

STANLEY ARTS
Casb Flow Sthlement
for the year ended 31 March 2024
2024
2023
Nol¢s
Cash tlows from operatlng aetlvltles
Cash generated from operations
729912
Net cash provided by operating activities
729 912
Cash flows from Investing actlvltles
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
(50,376)
1,236
(564.689)
378
Nel cash used in investing activities
Cash flows from flnanclng actlvltles
Loan repayments in year
Nel cash {used in)Iprovided by fwancing activities
ioooo)
ChADge In easli and cash equlvAlents In
tbe reportlng perlod
Cash and cAsh equlvalents At th¢
beglnnlng ofthe reportlng perlod
22,254
165,602
353 609
188 007
Casb and cash equlvalents 8t the end or
the reportliig perlod
375 863
The notes forn) part of these financial Statements
Page 16

STANLEY ARTS
Notes ¢0 the Cash Flow Slatement
for the year ended 31 M4reh 2024
RECONCILIATIOIY OF NET INCOMEIIEXPENDITURE) TO NET CASH FLOIV FROM
OPEIL4TING ACTivrrIES
2024
2023
Net incomel(eipendlture) for the repDrtiDg perlod {as per the
Statement of Finanelal Acdvldes)
Adjustments for:
Depreciation charg¢s
Loss on disposal of fixed assets
Interest received
Increase in stocks
Decrease in deblors
(D¢¢rease)lincrease in creditors
249,159
(41,807>
164.136
68,517
575
(378>
(845)
248,254
455 596
(3,046)
(381)
80,582
412 102
Net eash provlded by operatlons
729912
ANALYSIS OF CHANGES IN NET FUNDS
At1.4.23
Cash flow
At 31.3.24
Net casb
Cash at bank find in hand
353 609
375 863
353 609
375 863
Debt
Debis falling due within l year
Debts falling du¢ after l year
(10,000)
(10,000)
Total
263 609
295 863
The noles forni part of these financial slatements
Page 17

srANLEY ARTS
Notes to the FiDAncial Statements
for the yeAr eDded 31 March 2024
ACCOUNTING POLICIES
BASIS OF PREPAIiING THE FINANCIAL STATEMENTS
The fman¢ial statelllents of the charity. wlii¢h is a publi¢ benefit etjtlty under FRS 102. have b¢en prepared in
accordance with the Charities SORP (FRS 102) 'Ac¢ounting and Reporting by Charities: Statement of
Recommended PrHCtice applicable to charities preparing their accounts in accordance with tbe Financial
Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (effcclive l January 2019),,
Financial Reporting Standard 102 'The Financt81 Reporting Standard applicable in the UK and Republic of
Irel8nd' and th¢ Charities Act 2011. The finan¢ial slalements have been prepared under the hislorical cost
convention.
COME
All income is recognised in the Stalement of Finaucial Activities once the charity hAS entitlemeot to the funds, it
is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon a5 there is a legal or constructive obligation committing the
charity to that expendi¢uT¢, it is probabl¢ thAt a Ir8nsf¢r of economio benefits will be r¢quir¢d in s¢ttl¢m¢nt and
the Amount of Ihe obligation can b¢ measured reliably. Bxpenditure is accounled for on an accruals basis and has
been classified under headings Ih&l ¥ggregale all cost relaied lo the category. Where costs cannot be directly
attributed to particular hcadings they havc been allocalcd to activities on a basis consislenl ivith the use of
resources.
TANGIBI.F FIXF,D ASSFTS
D¢pr¢ciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
ImprovemeDls to propety
Plant and machinery
Fixtures and fittings
25Yo on cost 2nd 12.5tsh on cost
250/0 on cost
250/0 on cost
All assets co$ling over £500 are ¢apilalis¢d. Tangible fixed assels are staled at o)st less deprecialion.
STOCKS
Stocks are valued at the lower of cost and net realisable value, afl¢r making due allowance for obsolete and sloiv
moving items.
TAXATION
The ch&rity is exempt from tsx on its charitsble activities.
FUND ACCOUNTING
Unrestricted can be uscd in accordance with the cbaritable objective5 at Ihe discretion of the t￿SleeS.
Restricted funds ¢an only be used for particular restricted puq)os¢s within the object8 of the charity. Reslrictions
aris¢ when specified by the donor or wh¢n funds ar¢ raised for partI￿laT restricted pu4)oses.
Further explanation of the nalure and purpose ofeach fiu)d is i￿luded in ihe noles lo the financial slalements.
PENSION COSTS AND OTHER POST-RETJREMENT BENEFITS
Tlie charity operates a defined contribution pensioo Scheme. Contributions payable to the charity's pension
scheme are ch￿ged to the Statement of Financial Activities in the period to whicll tbey relat¢.
FINANCIAL INSTRUMENTS
Th¢ group and par¢nt charity only have fmancial assets and fjnancial ]iabilities of a kind that qualify as basic
rman¢ial instruments. Baslc flllancial instruments are initially recognised at transaction value and subsequently
njeasured ai their s¢ttlement value.
Page 18
continued...

STANLEY ARTS
Notes to the Flllanelal Statements- conllnued
for the year ended 31 Mareb 2024
ACCOUNTING POLICIES- eontlnued
FINANCIAL INSTRUMENTS
Debtors
Trade and other debtors ate recogllised at the seltlem¢nt amount duc after any trade discount offered.
Prepayments ar¢ valued at the amount prepaid after tsking accounl of any trade discounts due.
Cash at bank alld In hAnd
Cash at bank and IT) hand includes cash and short terni highly liquid inveslments with a short maturity of three
months or les5 from the date of acquisition or opening of the deposit or similar account.
Credltori and provlsloll8
Creditors and provision5 are recognised where the charity has a present obligktion resuliijg from a past ¢vent
that will probably result in the transfer of fvnds lo a Ihird party and Ihe amount due to scttl¢ th¢ obligfttion can
be measured or estimated r¢liably. Creditors and provisions arc nonnally recognised at their settlement amount
after allowing for any trade discounts duc.
DONATIONS AND LEGACIES
2024
2023
Don8tionB
Grants
AdmissioDS
5,835
4,184
2,416
328 372
1130 691
136 526
334 972
Grants rcceived, included in ih¢ above, are as follows:
2024
2023
Other grants
INVESTMENT INCOME
2024
2023
Deposit account interest
378
Page 19
continued...

STANLEY ARTS
Notes to the Flnaneial S¢a¢ement5 - continued
for the year ended 31 March 2024
INCOME FROM CllARITABLE ACTIVITIES
2024
2023
Activity
Cafe & Bar
Community Letting
Artistic programme
Artistic progran]me
Artislic programme
other income
Cafe & bar sales
Lctling Incom¢
Perforn)once art events
Theatre Tax relief
Cinema income
Other income
117,085
245,474
61,746
69,832
350
130,521
189,074
86,750
450
507 558
RAISING FUNDS
RAISING DONATIONS AND LECACIES
2024
2023
Advertisin8 and markeling
CHARITABLE ACTJVITIES COSTS
Support
Costs (sce
nole 7)
Direct
Costs
Totals
Cafe & Bar
Community Letting
Artistic programme
Building Overheads
82,941
153,806
294,681
217,674
214,143
398,822
189
300,615
367,949
693,503
J89
531428
830 828
1362 256
SUPPORT COSTS
Governane
costs
Management
Finance
Totals
Cafe & Bar
Community I£tting
Artistic programme
Building Overheads
216.699
210,240
391,504
189
262
1,05l
1,971
713
2,852
5,347
217,674
214,143
398,822
189
818632
8.912
830 828
Page 20
continued...

STANLEY ARTS
Notes to Ihe Flnan¢lAI Statemenls- contlnued
for tbe year ended 31 March 2024
TRUSTEES, REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or other benefits for the year ended 31 Ma￿￿ 2024 nor for the year ended
31 March 2023.
TRUSTEESI EXPENSES
There were no
31 March 2023.
tTUStees' expenses paid for the year ended 31 March2024 nor for the year ended
STAFF COSTS
2024
2023
Wages and 5alfiries
Social security costs
Other pension costs
485,316
39,851
303,903
24,313
333 022
The average monthly Dumber of employees during Ibe year was as follows:
2024
25
2023
20
Employees
No employces received emolutllenls ill excess of £60,(￿0.
The average number of full time equivalent number of employees was 16 (2023 - 11).
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestricted
nd
Rcslricled
funds
Total
fund5
INCOME AND ENDOWMENTS FROM
Donalion8 and legacies
7.834
327,138
334,972
Cliarltable acdvltle5
Cafe & Bar
Community Letting
Artisttc progrdmme
Other income
130,521
189,074
87,200
14,853
130,521
189,074
87,200
14.853
lllV¢$tment income
378
378
Total
327 138
756 998
EXPENDITURE ON
Raising funds
19.197
4,986
24,183
Charltable Actl)4tles
Cafe & Bar
Commiiiiity Letting
Artisti¢ programme
186,118
88,669
177.108
111.646
73,192
137,314
297,764
161,861
314,422
Other
575
575
Page 21
continued..,

Total
471,667
327,138
798,805
Page 21
continued..

STANLEY ARTS
Notes to the Flnanclal StYdtements- conllnued
for tbe year ended 31 March 2024
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIviTIES- condnued
UnTCStricted
Restricted
fund
fimds
Totsl
funds
NET INCOMEI(EXPENDITURE)
(41.807)
(41,807)
RECONCILIATION OF FUNDS
Totsl funds brought forward
78.339
78,339
TOTAL FUNDS CARRIED FORWARD
ii.
TANGIBLE FIXED ASSETS
Jmprov¢mwts
lo
property
Fixlur¢s
and
fittings
Plant and
macbin¢ry
Totals
COST
At l April 2023
Additions
Disposals
882,049
16,778
236
169,558
16,654
70,245
16,944
1,121,852
50,376
At 31 Ma￿h 2024
897 591
186 212
1 170 992
DEPRECIATION
At l April 2023
Cbarg¢ for year
38,257
77,275
38,470
154,002
164 136
At 31 March 2024
130 538
141647
318 138
NET BOOK VALUE
At 31 March 2024
767 053
852 854
Al 31 March 2023
843 792
967 850
12.
STOCKS
2024
2023
Stocks
Page 22
conttnued...

STANLEY ARTS
Notes lo the FinAncial Statements- continued
ror the year ended JI March 2024
13.
DEBTORS: AMOUNTS FALLING DUE IVITHtN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
17,123
1,594
151,314
1,387
181491
14.
CREDITORS: AMOUNTS FALLIIYG DUE WITHtN ONE YEAR
2024
2023
Trade creditors
Taxation and social security
Other creditors
23,703
11,228
946 138
159,456
8,032
1225 683
981069
1393 171
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Other creditors
16. LOANS
An analysis of the maturity of loans is given below:
2024
2023
Amounts falling due within one year on demand:
Other loan5
Amounts falling be￿een one and two years..
Other loans - 1-2 years
Amounts falling due between hvo and five years:
Other loans - 2-5 years
Amounts falling due in more than five years:
Repayable otherwise than by instalments:
Other loans moTe 5yrs non-in5t
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continued...

STANLEY ARTS
Notej lo tbe Financial Statements - eontinued
for the year ended 31 March 2024
17.
MOVEMENT IN FUNDS
Net
movemenl
in funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fund
36,532
90,033
126,565
R¢strlcted funds
Croydon Council
National Lottery Heritag¢ Fund
Paul Hamlyn Foundation
GLA: Reivirc Youth Mental Health
ACE.. LBOC Queer Arts Programme
ACE.. Place Partnership
12,229
27,383
78,423
3.600
4,062
12,229
27,383
78,423
3.600
4.062
159 126
159 126
TOTAL FUNDS
249 159
285 691
Net movemenl in fund5, included in Ihe above are as follows:
Incorning
resou￿¢8
Resources
expended
Mov¢ment
in fund$
Unre$trleted funds
G¢neral fund
983,144
(893,111)
90,033
Restrl¢ted funds
Historic En8laDd - Framing Croydoo
Croydoll Council
National Lottery Heritag¢ Fund
Paul Hamlyn Troundation
GLA: Rewire Youth Menthl Health
HAZ Culture Programme
ACE.. LBOC Queer Arts Programme
ACE.. Place Partnersbip
34,261
45,768
142,001
171,300
61,000
54.559
56,101
(34,261)
(33,539)
(114,618)
(92,877)
(57,400)
{54,559)
(52,039)
12,229
27,383
78,423
3,600
4,062
663 986
504 860
159 126
TOTAL FUNDS
1647 130
1397 971)
249 159
Comparatlves for movement In funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestrleted lunds
General ￿nd
78,339
(41.807)
36,532
TOTAL FUNDS
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continued...

STANLEY ARTS
Notes to the Flnancial StYdtements- eolltlnued
ror tbe year ended 31 March 2024
17.
MOVEMENT rN FUNDS- contlnued
Comparative net movement in fiulds, inGludcd in lh¢ above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrleted funds
G¢ner81 fund
429.860
(471.667)
(41.807)
Restrlcted fuDd$
Arts Council
Architectural Heritsge Fund- Capital
Development Grant
Historic England- Framing Croydon
Croydon Council
Nftlional Lottery Heritage Fund
Theatres Charitable Trust
ndon Community Foundation
24,545
(24,545)
56,842
33,838
82,072
114,841
5,000
(56,842)
(33.838)
(82,072)
(114,841)
(5,000)
io 000)
327 138
327 138
TOTAL FUMIS
756 998
798 805)
41807)
18.
RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ¢nded 31 March 2024.
Page 25