Charlty regislration number 1155680 (England and Wales) STANLEY ARTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 J xeinadin STANLEY ARTS LEGAL AND ADMINISTRATIVE INFORMATION Trusteos DrAAndrade Mr R D J Berkeley Ms A Blocker Ms C Evans Mr G Main L Nyoni GDRiva EM Williarns Ms K Williams Ms H V Vickers MrA Zaman (Appointed 19 Oclober 2024) (Appointed 26 August 2025) (Appoinled 26 Augus12025) (Appoinled 20 August 2024) (Appoinled 20 August 2024) (Appoinled 20 August 2024) Charlty number (England and Walgs) 1155680 Reglstered offlce 12 South NoThvood Hill London Greater London UK SE25 6AB Audltor Xelnadln Audit Llmilpd 4648 Easl SITeet Epsom Surrey United Klngdom KT17 1HQ STANLEY ARTS CONTENTS Page Chairman's report Trustees r8POrt 3-10 Sts18m8nt of trusl88s r8sponsibilili8s 11 Independent auditorfs report 12-14 ststemenl of financlal acllvllles 15 Balance sheet 16 Stalemenl of cash flows 17 Noles lo Ihg financial statements 18-30 STANLEY ARTS CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 This year has been a defining one for Stanley Arts, a period of transilion. renewal and steady wnsolidallon following several years of remarkable gfowth. As we reach the close of major funding programmes and prepare for Ihe next hapter, our 5har8d purpose remains clear.. lo ensure Stanley Arts continues to Ihriva as a vibranl. inclusive. and sustainab18 hofne for culture. creativily, and community. This year marked the concluslon of our sfgnifiGanl National Lottery Herltage Fund (NLHF) and Paul Hamlyn Foundation programmes. Thèse have been Iransformalive in helping us deepen our heri18ge engagement and extend our reach inlo our local communlties. Thelr legacy can be felt across our organisallon. from our learnlng PToSecls and artist development iniliatives lo tho ways we welcome and include our audlènces. Wo aro Immensely grateful lo bolh fund8rs for their belief in our mission and Ih8if vital role in slrengihening the foundatlon upon which we now bulld. W8 wer8 also proud lo see our Arts Council England Natlonal Portfolio Or9anisalion (NPO) slalus extended, securing our place as a core cultural contributor to South London's cr&alive landscape. This contlnued recognllion supports the delivery of a rich cultural programme and enables us lo sustain our commilm8nl lo diversily, Incluslon, and access. Tho next phase of our work will contlnue to ￿nIfe the voices and stories of underrepresented artisls and communS1ies, ensuring that Slanley Arts remalns a home wher8 cieativily truly reflects the people It serves. In financlal and operallonal terms. the organisalion has navigated 8n evolving and often challenglng landscape with care and strateglc foresi9hl. The end of certain major fundlng cycles has natufally required a Tefocus of prlorities and resources. yet our poslllon remalns resilient. Thanks to prudenl financial managemenl, new partnershlps. and continued community and commerclal engagement. Stanley Arts enlers 2025 In good health and wllh renewed ambillon. Gov8rn8nce andlgadership have also seen exciting developments Ihls year. Our Board of Trustees has expanded, welcoming Rob Berkelgy, Holly Vickers, Kelsey Williams and Abdulla Zaman lo our team. Their expertlse and cornmllment will play a cruclal ro18 as we continue to strengthen our governanc8 slruclures and working groups. At lh8 same Ilme. we express deep gratitude to several Iruslees who hav8 comp181ed Ihelr leTm5 of service. We ar8 dellghled Ihal Cameron McLeod, Sharon Ba118rd. and Klmberloy Thomas-currie will continue lo support our misslon as members of our newly formed Advisory Board, ensuring Ihal their valuable experiencè and inslght remain part of our collective Journey. A majof moment of transilion came In January 2025 as we said farewell to Dr. Dan Winder, who concluded his five- year18nure as Artistic Director and CEO. Dan's leadership was instrument81 in guiding Stanley Arts through a period of exlraordinary growth, from our 5UCC8ssful NPO applicalion and Ihe Croydon London Borough of Culture year. lo his tireless stewardship of our rapital works programme. He not only helped shap8 the evolution of our building but also nurtur8d thg sense of belonging and creallvily Ihal defines our wmfflunlly loday. On behalf of the Board, I extend our heartfelt thanks for his remarkable conlributlon and wlsh him every success In hls next endeavours. Wè were equally delighled lo welcome Louisa Bartlett-Pe5lell as our new Artlstic Olreclor and CEO. Loulsa brlngs great passlon. experlence. and a forward-looking vision for Stanley Arts. Her comfflilment to collaboration, access. and creallve Innovation has already inspired bolh Iho Board and staff, and we are confidenl Ihal under her leadership Stanley Arts will continuè lo evolve as a model of inclusive. communily-led arts practice. W8 musl record our deepest grotilude lo Moa Strand. who departed her role as Learnlng and Engaggment Manager this year. Her work in growing our porttolio of learning projects 8nd slrenglhening our conneclion5 wilh local partners h85 left a lasting legacy. Throughoul Ihe year, our worklng groups have continued to play an essential role in ensuring that IrusteGS remain actively involved in the evolving needs ol Ihe organisation. from governance and finance to risk managemont and communlly engag9menl. The growing clarity of these structures has slrenglhened our collectlve abllily lo accompany the dynamlc expansion of Stanley Arts and support Ihe outstanding gfforts of our staff. STANLEY ARTS CHAIRMAN'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 As always, we remain proud lo be an accredited London Living Wage Employer, ensuring Ihal every member of our leam Is paid al least the London Living Wag8. This principle remains a cornerstone of our valu&s and our ommitm8nt to fairness and equity in th8 workplace. I would like to express my deepest thanks lo our slaff, Irustees, volunteers. rasldenl companies, parlners, and funders who contlnue to give so generously ol Ihelr Ilme. expertise. and support. Your collectiva dedicalion is what sustains the beating heart of Stanley Arts. As we look ahead lo th8 comlng year. includlng the conllnuallon of our capllal works programme and the exclllng n8w phase ol our leadershlp, we do so with gralilude. oplimlsm. and renewed deleTmln8lion. Togelher, we will ensur8 Ihal Stanley Arts continues to flourish as onè of Soulh London's leadlng homes for cultural expression, herltage, radlcal Inclusivity and creatlvlly. Dr. Almlro Andrade Chalrman Dale". 2211212025 STANLEY ARTS TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present theif report wilh the financial stalements of the charity for lh8 year ended 31 March2025. The trustees have adopted the provisions of Accounting and Reporting by Charilies: Slaletnent of Recommended Practice applicable lo charilies preparing their accounis accordance with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The financlal slalemenls have been PTepared in accordance with the accountlng policies Set out In note 1 to the financial statemenls and comply with th8 chafily's governing document, the Charities Act 2011. FRS 102 "The Financlal Reportlng Standard applicabla In the UK and Republic of Ireland. and Ihe Charilie5 SORP 'Accounling and Reporting by Charities.. Slalemenl of Recommended Pracllce applicable lo charS1ies preparing their accounls in accordance with the Financial Reporting Standard applicabl8 in Ihe UK and Republlc of Ifeland (FRS 102)" Objectlves and actlvlt105 1. For the public benefil, to preserve the bulldlngs known as Stanley Halls. and 2. For the public benefll, Includlng particular fefefence lo members of socially andlor economlcally disadvantaged communiligs, lo advance. promole, encourage. educate and develop apprecialion and enloymenl of, access lo, and participation In the arts, culture and herilage. The maln actlvltles undertaken for publlc bgn8flt have beon: Continuing to fundrals8 for and Invest In the r8storatlon. renovation and Improvement of our hislorlc home. Playlng a key role In the developrn8nt and delivery of the London Borough of Culture programme across Croydon Ihroughoul the year. Producing and hosllng evenls open to the public al Stanley Arts - foT8groundlng under-reprasenled volces, provldlng artis15 of colour and LGBTQ+ creallves wilh a platform to réach out lo audlences across South London: through a programm8 of dance, performance and vlsual arts. Provldlng a creative home lo a range of indivldual local artists and performlng afls organlsalions, all part of the stanley Famlly. Pursuing a range of fundrai51ng appllcations airned to ¢onllnue the ongolng flnanc181 sustalnabllily of our organlsallon Supporllng the local economy Ihrough dlrecl employment and the use of local suppllers and trades. Publlc b8noflt Th8 objectives and activities and achievernenls and performance sections of Ihls report clearly set oul th& activilles which the charity undertakes for the public benefit. The trustee5 confirm that Ihey have complied wSlh the duly in section 4 of Ihe Charitie5 Act 2006 to have due regard lo public benefit guidance published by Ihe Commlsslon in determlnlng Ihe aGlivilles undertaken by th8 charlty. STANLEY ARTS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlovements and perforrnance Slgnlficant aclivilies and achi8vomenls againsl obieclwes CEOIAD'S Summary Introductlon For Stanley Arts, thls was an exceptionally busy year. full of change, growth and collaboratlon. We welcomed n8arly 67,000 vlsilors to the building and had engagement with over 700 artisis. Across this year the dellvery of our programme funded by Paul Hamlyn focuslng on Cultural Leadershlp, youth engagement and Climate lusllc8 culminated with grèal succèss. This programme of work has helped us eslabllsh focus on youlh 8ngagemenl and develop our creativè acllviiy based around climate lustlcg. Simultaneously we dèlivered the NLHF Decorative Scheme, carrying oul much needed work on Ihe historic Illes In our building whilst engaglng over 6.000 people in creallve aclivllles. Our borough-wlde dellvery and sector development shifled into a new phase as we compleled the Croydon Place Partnershlp acllvily and supported Queer Croydon and Cullure Croydon (now Croydon Crealors and Makers) to Iranslllon Into Independent enti118s. As we complete our second year as a rnernbgr of Arls Councll England's National Portfollo w8 can reflect on Ihe continued growth In our Artistic Programme, extensive Artisl Development support and contlnual Investment in our buildings 8nd technlcal Infraslruclure. Recrultment Welcoming 4 new trustees has slrengthened Ihe support the board is able to provide Slan18y Arts wilh valu8 coming from th8 diversity of knowledg8. skills and exp8ri8nc8 Ihey bring. Particular experlise in Equality, Diversity and Inclusion aids our afflbilions to develop a5 a radically inclusiv8 organisalion and futlher fundraising skills beller equlp us lo prepare for our next stage of capltal Investmenl In the building. A new Data Adminislrator joined us In May 2024 and is maklng excepllonel progress In developing Stanley Art's body of data to Inform learning and evaluation going forward. Th8 Learning and Engagement team expanded with Iwo Learning and Engagement Heritage Officers joining on fixed l8rm conlracls this year and the lechnlcal t8am was slrenglhenèd wllh a naw Senior Technlclan slartlno in June 2024 and Ihe addition of a Venu8 T8chnlclan in September 2024. Speclal Ihanks are extended lo Moa Strand who 18ft in September 2023 after Ihree years as Learnlng and Engagement Manager bringing a weallh of knowledge, drive and grovrth lo the programme. STANLEY ARTS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Funding The ACE NPO funding continue5 to be a vital subsidy for Stanley Arts so knowledgg of the 1.61 Vo uplift lo our grant for the year andlng 2026 and Ihe axtension lo our m8mbership of the Portlolio into YE27 is w8lcomed. Th8 receipt of £311 k PA for the n9xI Ihr8e years enablgs us lo cover Ihe corg costs of Slanley Arts. This year saw Ihe receipt of £49,252 from Historic England for lh8 Framing Croydon prolecl, which 8xplored ways to engage local communitiès wilh th8 intangible herilage of local heritage assels al rfsk and £226,287 from National Lollery Herllagè Fund for a programme of capital work and hèritage engagement lo celebrate Ihe decorallve scheme of Stanl8y Halls. YE25 was the second and final year of £250.000 from Paul Hamlyn Foundation lo deliver a programme encompasslng Arcadia. a creative and inleraclive climale chang8 feslival curated by young people lo spark conversalion. the imagination and aclivism - alongside cultural leadership support for Young Peop18 and Ihe legacy of Croydon's London Borough of Culture (LBOC) programme. This was also the second year of Place Partnership funding by Arts Council England for whlch Stanl8y Arls was part of a con50rlium with an overall project budget of £548k. £135k of this money dlreclly supportlng us lo d8llv8r a two- year artlsl d8velopmenl prograrnffle and the dBvelopmenl of Queer Croydon. Smaller-scale successful fundin9 includes £20.000 from Ihe Swire Foundation and £15,000 from Pilgrim Trnst in April 2024 as matched funding for our NLHF programme. In addition in April 2024 City Bridge Tru51 funded an eco audil for the buildlng - carried out by 3 Acorns EGo-Audils. In Fèbru8ry 2025 wè were successful wilh £15.000 from Awards for All Nallonal Lottery lo fund: a programme of Cr8aliv8 Ageing activili8s and Memory Cafes. Alongslde fundraislng for Stanley Arts. we have also worked closely wlth Ihe Stanley Family and local arllsls to offer fundr8ising advice, subsidised space and In-klnd support lo aid thèlr fundralsing efforts for prolects dalivered at Stanley Arts. We supported Beeja Dance In thèir succèssful ACE bld for a year-long programm8 of South AsSan evenls al Slanley and Birdgang with Ihelf successful ACE bid for their Artisl D8velopmenl programm8, Hatchwork Thls support helps our key arilsllc partners develop and grow, fulfilling one of our key charltable objectives - Ihe support of the wlder artlslic ecosystem. Sector Development and Support Bulldlng on the legacy of LBOC. Stanley Arts continues lo function as a lead cultural hub in lh& borough worklng slratBglcally wlth partn8rs to gTOW arts and cullure in Croydon. This year was the second year of dellvery for the Place Partnershlp IPP) programme in consortium with Zooco, Talayrfa, Cfoydon Music and Arts, Fashion Meets Muslc and Croydon Councll. Our delivery as part of th8 PP project Included Access Storage. Queer Arts Programmo. a fundod Emergin9 Arlisls & Dance programme and a digital programme. For the second year running we delivored impacttul dlgilal conlant with Croydon Chronicles. a series of 4 short rilms telling slories throu9h dance and set to the music ol Iconic Croydon arlisls, Ihls year featuring the muslc of Skream and other ido15 of the Croydon Dubslep scene. Choreographer and film-fflaker Simeon Qsyea biought together dancers from Birdgang's Eggz youth company with a professional crew to deliver Ihe latest film. Hlghlighls from our Emerglng Artists & Dance programmg inGluded The Playground Tour with The Place - bringing new dance pieces lo playgrounds in CFoydon. The Sticky Dance from Second Hand Dance - supporiing TeheaTsa15 and schools oulreach work. Skydiver froffl Dance Umbrella's Orbilal Tour brar)d n8w danc8 Pl8c8 for kids presented al SA and Us from Cathy Walker Danc8 - a danc8 plgce for a diverse range of bodlgs Involvlng dronft cameras, We also launched two major artist developrnent projecls: Ct]Ilure Croydon Popups - four popup performance projects including Vlnlclus Salles. sold out and extended 'Shop of Mortal and Fools.. William Byram's 'Dream Lovers, by Samuel Colorldge-Taylor. Jack and Antonla's 'AII Mixed Up. and Zooco's 'Don't Feed the Penguin.. STANLEY ARTS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Day of the Dead Festival - a festival exploring Ihemos of death and rebirth foaluring two experimental site specifiG show5 and a community arts exhibilion 8xploring different cultural approaches lo death. We had over 70 applications for the Iwo projects ffom a broad range of artists and organlsalions. One of the Days of Ihg Dead Fgsllval shows called 'Selecling a Ghost.. Produced by Two Lines Productions, featured partlclpation by Stanley Famlly member. Birdgan9 and wa5 nominated lor two Qffie awards. In February 2025, as part of the Queer Arts Programme, th8 Collid8 festival weekend takeover, dellvered in partnership with RAZE Collectivè. supported the development of a range of Inslallalion art and p8rformances. We also continued supporting Queer Croydon enabling them lo eslablish as an Independent, constituted members-led organlsalion. wllh Slanley Arts provlding subsldised space arKI collaboralive wotklng. As part of the Paul Hamlyn funded aclivity we continued to support Culture Croydon as an ongolng forum for the creallve sector In Croydon. Formed as a Community Inleresl Company (CIC) in late 2024 and ranamed Croydon Creators & Makers In early 2025, this n8w organisalion emerged from the Croydon Culture Sleering Group (CCSG) Ihal oversaw LBOC. It has carried oul extensive research. consullalion and co-deslgn to determine how best lo evolve Ihe commvnity'5 cullural ecosystèm post LBOC. Cultural Programma This year w8 conlinued to deliver a broad cullural programmè at Slanley Arts relevant to our divorse local communilles and inspired by the breadth of Grealive5 we collaborale with. South Asian Queer Pride l¢)ok place in April and sold over 700 lickels for the building takeover produced in ollaboralion wilh Inspirate and Queer Croydon. This was the first nalional celebration of South Aslan Queer ¢ullure with audienc85 and ariisls Joining us from ac(oss the counlry. In July we programmed Family Pfida presanled In partnership with Mama G wllh 272 people allending. Thls April we hosted the Crocro L8nds: a South London Ind18 muslc faslival pr8S8nted by the CToydonlst. The festival showcased e rang8 of 40 bands over 2 days. Over 1000 Ilck8tS W8r8 sold and tho feslival f8atured on BBC Radlo6. Commons Dance FeslSval took place in May wilh over 700 lickets sold across the programme. Evenls Included Birdgang's balllecage and B8ela's 'Choogh Choogh. a dance performance piece inspired by Ihe joy for IravellSng through India by train - as well as workshops from Soul Steppers (Urban Line Dancing), Flamenco Roots and Jules Cunningham. 72Yo of those surveyed described themselves or a member of their party as from a global majorlty background. We continued to bulld our comedy programme this year wilh a second Comedy Fesllval In partnershlp wllh Nice 'n' Spiky and work in progrèss porformances by comedians Kerry Godllman and Nabil Abdulrashld. Our family theatr8 programm8 continued wilh a moTe regular schedule including Three Lillle Pigs, The Bubbl8 Show, Stories of a Walersprite, Pr8nceT the Dancer and Comedy Club4Kids. We are Starting lo s88 thi8 audienc8 grow and regularly monthly programming going forward will furth8r eslablish this. This year our pantomime production wa5 Red Riding Hood. produced in parlnership wilh Pelilfr Panlos for which we sold 2,896 lickels over 22 shows. The Sania's Grotto experience was a huge success running alongside the pantomime with over 500 tickets sold. other evenls included the South London Ccvnic & Zine Fair. Ihe finalg of the Cryslal Palacg Intgmatlonal Film Feslival, Club Soda and a new music nighl called Stanley Ses51ons funded by Croydon Councll profiling Croydon- based musicians. We had an excepltonal year for vlsual arts wilh over 20,000 VFsilors exp8riencing our exhibltion programrng. Highlights from this programme included a Holi themed photographic exhibition by Vipul Sangoi, Maya Producllon's exhlbillon Roots lo Rools - part of a national project exploring angl(Findian migTalion lo the UK - and The Tapestry of Black Britains exhibition. Additionally we produced two pholo9raphic oxhibitions including "Framing Cfoydon.. the buildings that shape us., the result of a community photography compelition funded by Historic England and 'Heritage in Focus, in partnership wilh social documentary photographer Sylvie Belbouab, funded by NLHF. STANLEY ARTS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Youth Arts Arcadia Our Paul Hamlyn Foundation lunded Arcadia programme formed the backbone of youth engagement work Ihls year led by our Learning & Engagement Youth Officer. Thls programme worked wilh five deliv8ry partners. Boundless Thealfe, Cyrus Consulting, Croydon Youth Assembly. Croydon Youth Theatre Organlsallon and Zooco. and fifty young people, to explore issues around the climate emergency and to fflake creallv8 responsès to thè subject. These wera shared al a weekend lake-over ol Stanley Arts in April 2024 and includ8d a Cultural Climate As98mbly and Ihe Boundless Summit. Plannlng for 'Seeds of Change. took place across the year, designed to continue the Arcadia prolecl's legacy and resull8d In a large event produced by Stanley Arts wilh support from Ihe Birdcage Slage in central Croydon. The event Included gianl puppets and aerlal spectacles celèbrallng sustainability, nature and clifflale acllon and featured BirdGang dancers and a soundscape from Croydon Youth Assembly. A long lasting art work by Skye Baker wlll b8 Inslalled in Central8 shopping cenlre for vlsltors lo see Ihroughoul 2025 - 2026. Work Experlence Our work experience offer conllnues lo grow. We hosled a UCL Placemènt slud8nt from May-July, 3 sludenls on a general work experlence programmp in June and 5 for the lechnical Ih8atre work experience programme wllh our technicians from July-Seplemb8r. In February 2025. we hosled a careers day for Addinglon Valley Academy, running workshops wilh 17 SEN students and then our first Creative Careers Fair in parlnership wilh Discoverl Creative Careers, engaging 178 students in November 2024. Due to the success ol this event. It has becom8 embodded in our core youth offer as an annual partnership event. QueerAris We launched the Queer Youlh Socia15 programme in Augu8l 2024, with monlhly engagemenl ranglng from 2-15 young people, also galnlng a promo slot wllh Aice Dale on BBC Radio 4 lo discuss thè programme. Alongslde Ihls we ¢onllnu8 to collaborat8 wilh Queer Croydon and Boundless Theatre lo support Q¢Jèer youth across our sh8red aclivilles. Tho L&E Youth Ofllcer conlrlbutes to sector development supporting Croydon Crealors and Makers dellvery of youth advocates activity and b8coming involved with supporting CMC5 youth consullalion programme lo engagg 28 young people in a concenlraled consultallon process Ihal helped CMC sel youth engagefflenl priori118s for Ihelr future work. Heritage & Community Engagement The NLHF funded dewrative schome-focused projecl engaged 6,000 partlclpanls (c.2.640 Identlfylng as being Irom the Global Majorily) through workshops. exhibitions. performances and immerslve events over the year. Including 571 school students & 200 people living with demenlla. In August 2024, the Learnlng & Engagement team hosled a lakeovw of Ihe bulldlng for a compllm8nlary famlly feslival funded by NLHF, for which we commissloned 8 artists lor porformances in the varlous 5pace5 01 the bulldlng inspired by ils story andlor design characterislics, and engaged 582 visitors in total Ihroughoul the weekend. Aclivily included gardening gel-togethers, pottery. building tours, coffee mornin95, family craft workshops. demenlia friendly events. character assessments, talks and schools workshops. We took our activily across Croydon into schools, care homes and shopping cenlres. We ran Iwo series of cofflplimentary photography v￿rkshopS in November and January focused on engaging Iradilionally alienated demographics. In November participanls were women with protection factors around Iheir social andlor economic status and in January workshops wero delivered in collaboration viilh refugee chaiilies Care 4 Calals, and Fences & Frontiers, engaging Tefugee and asylum seeking particlpanls. In addilion lo private viewlngs and an extended programme of historic tours during Ihe Open House festlval, the L&E leam add8d an hlsloric building lour lo our core programme. It runs once a month and is free lo Ihe public. In YE25 we engag@d 237 audience fflembers on historic tours of Ihe building or Ihe widar Croydon 2r8a. We also ran craft sesslons in care homes throughDuI the year, ulilising dtfferent design elemenls of Ihg historic Stanley Halls as a basis for creative practice and engaging 186 pariicipants over 20 WQTkshop5. STANLEY ARTS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Future Plans Over Ihe coming year. Stanley Arts will further develop lis position as a hub for culture and communily within Croydon. Our plons are grounded in three slralegic pillars. Insplr8d by William Stanley's founding prSncipl6s of Jusllcé. Ilb8rty and scignco, and reinterpreted for today as radical indusion. creative and cultural herltago, and clSmal8 and sustalnability. These piioriti6s will guide our commitment to being a home for contemporary cullural activlty wllhln a heritage building. We will Inlroduce an affordable lickel schemo lo Improve acce55 to our artistic programmo and ensure that cosl Is not a barfi8r to participation. We also plan to produce our annual pantomime In-house, strengthening OUT capaclty for Ihe creative producllon of work relevant lo our local communities. We will priorilise the dellvèry of a consislenl. year-round artisllc programme. bulldlng on audience growth and expanding opportunities lor artlsls. Alongside this. the conllnued development of our Learnlng and Engagemenl programme wlll Include a locus on deep8ning relalionshlps wilh Croydon Council's Cullure and Creatlve Health teams and Thrlve LDN. lo deliver activity that enhances social connection, wellb8ing, and community resllience. Particular considerauon will be given to Increaslng our youlh and crealive agelng programmes including the dellvery of our Memory Cafe project. As a key cultural hub In the borough, we wlll continue Io Work 51ralegically wlth cullural partners across Croydon lo maintain and strengthen ¢ollaboraliv8 worklng, Includlng joint fundraising and shared de15v8ry lo support communlty- led cultural activity. Lookln9 ahead, a major priority wlll be to develop and fundraise for a large-scale capllal development prolecl for the whole bulldlng. ensuring ils long-leim su51ainabilily. Wilh a vlew lo progressing Ihls n&xl phaso of our capital development programme we will appoint a design team and project fflanager lo lead on the next slage of improv8m8nls lo the building. Capltal Works The capilal focus Ihls year has been our NLHF-funded decorative scheme prol8cI which included reslorallon and repalrs lo our hisloric floor and wall Illes. We worked with Ros Hodges Ceramlcs Conservatlon in associallon with fiago Olivelra at TO Conservation lo carry oul major reslorallon work across the historic wall tlles across Ihls year. They also completed a comprehensive condilion r8port on Ihe Main Hall, Soclèty Room and the adlacenl stairwell. landing and corrldor areas. Ston8 Rescue refurblshed the marble floor Illes In the Gallery and Main Hall foyor. This will contribute lo the plans for phase 3 of capltal works. An Eco audil was carri8d out in July 2024 by 3 Acorns eco audits. In Autumn 2024 we commissioned follow-up wolk by Max Fordham Associates lowards a slrategy for reduang the carbon foolprint of our heallng systemlulilities, both of which havg informed Our current capital plan5 and fundiaisin9. STANLEY ARTS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial revlèw YE 25 Flnanclal Performance Consldering the macroeconornlc climate we had a good financial year. We ended Ihe flnal quarter in a break-even posltlon. We budgeted a small surplus, so this was in line with expectations. Programming Ilckeling income reached ils largel, an Increase of 27.5Yo on the previous year. Hires for filffling, fesllvals and fairs anij memorials all more Ihan doubled thelr targets. However. ovorall Income from cultural hlros was down by £55k In Ihe year. Commerclal income from bar and food sales continues to be developed alongside a more consislont artislic programme and in lolal trading revenue was £45k down against Ihe budget. Our staffing overheads are up by £39k on Ihe previous year, as pari of our commitment lo expand and slrengthen tho permanent slaff team, and honour Our commilmenl as a London Living Wage employei. However. Ihis increase In the cosl base has more than been compensated for by an increase In revgnue, particularly fundraised income and Ihe increased number of in-house produced projecls eligible for Theatre Tax Relief. FundTa181ng r8v8nu8 has increased agaln by 8.4% to £1.06m. Thls conlinued inc18a58 Is very W8lcomg. though In luluTe years we would hop8 lo see a r8balanclng, with turther gr0￿h In earngd income slarting to rebalanc8 the overall income mlx so that we are not r8lylng so h9avily on external fundlng sources lo maintain current activily and slaffing18vels. At the end of March 2025, lh8 net assels rernaln al a heallhy18vel of£181.564. Reserves poIIcy In order lo provide an effective and efficlenl service, lh8 trusle8s have set a reserves level lo enable a 8moolh transition lo a lower lev81 of service, In the event of funding not belng sufficient ID cov8r 8xp8ns8s In the future. Th8 trustees havg a reserve target of approximately three months of core payrolVbudg6ted operatlng expenses. With our Increased ￿$1 base, the new monthly figurg for building and slaff overheads is approximately £70k pcm. Thls means a naw largel reserves level of £210k. The Iruslegs will also deslgnale funds for speciflc purpos8s from lime lo Ilm8. structure, governancg and management stanley Arts Is constituted as a Charitable Incorporaled Organlsatlon and operates under a ￿nStItUtIon and with charitable objects approved al a general meeting of members on 19th January 2021. In accordance wilh the charity's conslltutlon, there shall not be less Ihan sevèn truste8s nor more than elèven truste85 at any lime. The trustees who served during the year and up lo the dale of signature of Ihe financial statements were". DrAAndrade S Ballard Mr R D J Berkeley MSA Blocker Mr R Coopey Ms C Evans Mr G Maln L Nyoni GDRiva Ms K Thomas-currie EM Williams Ms K Williams Ms H V Vickers MrAZaman (Reslgned 20 Au9USt 2024) (Appointed 19 Oclober 2024) (Reslgned 21 May 2024) (Appointed 26 Augusl 2025) (Appolnted 26 August 2025) (Resigned 17 June 2024) (Appolnled 20 August 2024) (Appoinled 20 August 2024} {4)pointed 20 August 2024) Recniitment 8nd 8ppolntm8nl of Inislees All trustees a￿ nomlnated and appoinled by the existing trustees on Ihe basis of speciflc skills and knowledge to enable Ihem io make a contribution to the management of the charily. STANLEY ARTS TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organlsalional slruclure The Board has established a number of suwroups wilh specific Terms of Reference lo asslsl In providing oversight and conslrucllvo challenge. These currenlly include Ihe HR Commitlee, Capilal Wofks Group, Artistic Programme. Environmental, Finan￿ & Rlsk. Equality, Diversity & Inclusion and the Fundrai51ng Group. These groups will conllnue lo evolve as needs change. Day-to4ay management of Stanley Arts is delegated lo the Arti5lic Direciorl CEO. Louisa 8artletl-Pestell, and the Board oncg again records ils appreclallon to Louisa and the team for Iheir contribution over another challgnglng year. Olher mal¢grs Rlsk Managemont Truslees aro mlndful of Ihelr responsibllilles and review risk on a regular basls. There is an asslgn8d role of Rlsk Lead on lh8 board. The Irusl88s have consid8red Ihe broad areas of risk for lh& charlty and have pul In place certain measures to mlllgate or negale these risks. Thls Is kept under revlaw and speclallst advice is sought wherè necessary The trustees report was approved by Ihe Board of Trustee5. OrAAndrade Tru518è Dale: 2211212025 10- STANLEY ARTS STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Irusl885 ar8 responsible for preparing Ihe Trusteos Report and lh8 financial stalemgnls in accordance with applicable law and United Kingdom Accounling Slandards (United Kingdom Generally Accepled Accounting Practice). Th8 law applicablè lo charities in England and Wales requlres the t￿sleeS to prepare financial Statements for each financlal year which glve a ITue and falr vlew of Ihe state ol affalrs of the charlly and of the incoming resoufces and application of resources of the charity for that year. In preparin9 these financial slatemenls, Ihe Iruslees are required to: select suilabl8 accounting policies and then apply them consistently; observe Ihe melhods and principles in the Charities SORP: make judgements and eslimales that are reasonable and prudenl. slate wh&lher applicabla accounting slandanls have been followed. subject to any material departures di5c105ed and explaSn@d in the financial slatemenis: and prepare Ihe flnanclal slalements on Ihg golng concern basls unless il Is In8ppropria18 lo presume Ihat the charlly wlll continue in operation. Tha trustees are responslble for keeplng sufficient a¢¢ounling records Ihal disclose with reasonable accuracy at any Ilme the flnanclal position of th8 chartty and enable Ihem to ensure Ihal Ihe linanci81 stalemenls comply wllh Ihe Charities Acl 2011. the Charlty {Accounls and Reports) Regulatlons 2008 and the provlsions of the trust deed. Thoy are also responslble lor safeguarding the assels ol the charity and honce for taking reasonable steps for Ihe prevention and detecllon of fraud and othèr Irregularitl8S. 11 STANLEY ARTS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STANLEY ARTS Oplnion We have audlled th8 financial slatemenls of Stanley Arls (the 'charity') for the year ended 31 March 2025 which comprise the statemenl of financlal acllvilies, the balance sheet. the 51atemenl of cash flows and notes lo the flnancial slalemenls, including significanl accounling policies. Thè financial reporling framework Ihat has been appllod In their preparatlon is applicable law and United Kingdom Accounting Slandards, including Financlal Reporknng Standard 102 The Financlal Reporting Slandard applicabl8 in Ihe UK and Republic ol Ir8land (United Kingdorn Geneially Accepted Accounting Praclice). In our opinion, the finan￿al statements- give a true and fair view of the slate of the charity's affairs as al 31 March 2025 and of its Incomlng resources and application of resources. for the year then ended: hava bean properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the Charities Act 2011. Baslg for oplnion We conducted our audit in accordance with Internatlonal Standards on Audillng (UK> (ISAS (UK)) and applicable law. Our respon51bllilles under those slandards are further described In the Auditors responsibilllles for the 8udil ol th8 financlal slatemenls section of our report. We are independent of Ihe charity In aGcoidance wilh the ethlcal requirements Ihal are relevant lo our audil of the flnancial 51atem8nls in Ihe UK. Including the FRC'S Elhical standard. and w8 have fulfilled our olher 8thlcal responsibilities in accordance with Ihese requirements. We believe thal the audll evldence w8 have obtained Is sufficient and appropriate lo provid9 a basls for our opinlon. Concluslons relatlng to golng ¢on¢em In audillng lh8 financlal slalemenls. we have concluded thal th8 trustee5 US8 of Ihe going concarn basls of accounting In the preparation of the financlal slalemenls Is appropriale. Based on Ihe work we have performed, w8 have not Idenlified any material uncertalnlies relating lo gvenls or condilions that, Individually or colleclively, may casl slgnificanl doubt on lh8 charity s ability to continue as a going concern for a period of at least twelve months from when Ihe financlal slalemenls are aulhorised for Issue. Our responsibililies and Iho responsibilities of the Irustees with respect lo going concern are described in Ihe relevant sections of Ihis report. other Informatlon The olher Informalion comprises lh8 informallon Included in Ihe annual report olher than Ihè financlal slalemenls and our auditorfs repori Ihereon. The trustees are responsible for the other informalion contained wllhln the annual report. Our opinion on the financial statements do8s not cover Ihe other Information and we do nol express any form of assurance conclusion Ihereon. Our re5pon5ibility is lo read thè other inlormalion and, in dolng so, consider whether the other inft)rmalion is materially inconsislenl with Ihe financial slatemenls or our knowledge oblained in Ihe Course of the audit. or otherwisg appears to be malerially misstated. If we identify such material inconslslencies or apparent material misslalements, w8 ar8 required lo dalermine whether this gives rise lo a material misstatement in th8 financial stalemenls themselves. 11, based on Ihe work we have performed, we conclude Ihal there is a malerlal misstatemgnl of this olher informalion, we are required to report Ihal fact. We have nothing lo reporl in Ihls regard. Matters on whlch we are requlred to r8POrt by exceptlon We have nothing to report in respecl of Ihe following mallers in relation lo whirh the Charilles {Accounls and Reporis) Regulations 2008 requires us lo report lo you if. ID our opinion.. the Informalion given In the financial statements is inconslstent in any malerlal respecl with the Irustees report,. or sufficient accounting records have not been kepl: or Ihe financial statemenls 8re not in agreemenl with the acc(￿ntIng records: or we have nol received all Ihe information and explanations y￿ require for our audil. 12- STANLEY ARTS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF STANLEY ARTS Rosponslbililies of tTusleg3 As explained more fully in the slalemenl of Injslees responsibililies, the Iruslees are re5pon5ible for the preparalion of the financial slatèmenls and for being satisfied Ihal they give a Iru8 and lalr view. and for such inlern81 control as Ihe Iruslees determine is necessary to enable the preparation of flnanclal slatemenls that are free from maleilal mlsstalemonl. whelher due lo Iraud or e(fOf. In preparing Ihe financial slatements, the Iruslee5 arè responslble for assesslng the charity's abillly lo conllnue as a going concern. disclosing, as applicable. maller5 related to going concern and using the going concern basis of accountin9 unless Ihe trustees 6ith8r Intend lo cease operalions, or have no reallstic alternative but to do so. Audltor'g rgsponsibilities for thè audlt ol the flnanclal statements We have been appointed as audllor under section 144 of Ihe Charities Acl 2011 and report in accordance wllh the Act and relevanl regulations made or having effecl Ihereunder. Our objectives are to obtain rgasonab18 assuranc8 about whether the financlal statements as a whole are free from material mlsslalemenl, whether due lo fraud or error. and to issue an audilor's report Ihal includes our oplnlon. Rgasonable assurance Is a high level of assurance bul is nol a guarantee that an audit conducted in acGordanc8 wilh ISA5 (UK) will always delect a materlal mlsstalement when it exists. Misslatements can aris9 from fraud or orfor and are considered material if, indivldually or in the aggregate, th8y could rèasonably be axpected lo Influence the economic decislons of us8rs taken on the bas18 of these financial slatemenls. The extent to whlch our procedures are capablo ol detecting Irregularities. Includlng fraud. Is detailed below. Identify and assess Ihe risk of material mlsstalement of Ihe financial stalem8nls, wh&lh8r du8 to fraud or error, design and perform audlt procedures responsive lo Ihose risks, and obtain audit evldence Ihat 15 sufficient and appropriate lo provid8 a basls for our opinion. The risk of nol de18cling a malenal misslatemenl resulling from fraud Is higher than for one resulting from error, as fraud may involv8 collusion. forgery, Int8nUonal omissions, mlsrepresentalions or Ihe overiide of Inteinal control. Oblaln an understandin9 of Inl8rnal control r818vant to Ihe audit in order to deslgn audit Procedures that are appropflate In the clrcumstanc85, bul not for the purposes of expressing an opinlon on th8 offecliveness of Ihe company's Inlernal Control. Evaluate the appropriateness of accounling policles used and the reasonableness of accountlng eslimates and the related disrlosuros Tnade by the dlrectoTs. Conclude on the app(opriateness of the dir6cloTS' use ol the going concern basls of accounling and, based on th8 audll evidence obtained, whether a material unc8rtalnty exlsls related to evenl or condltions that may cast significant doubl on the company's ability lo continu8 as a going concern. If wa conclude that a material uncertainly exists, we are required lo draw atlenlion in our audilors report lo Ihe relalod disclosure in lh8 financial slalements or, If such disclosures are inadequate lo modify our opinion. Our conclusions are based on th8 audit evidence obtained up to the date of our auditor's report. However. fulure evenls or condilions may cause the company lo cease to conlinuo as a going concern. Evaluate Ihe overall presentation. slTuclur8 and content of the financlal statements. inGluding Ihg d15closures. and whether the ffinanclal stalemenls represent Ihe undorfying transactions and events in a manner that achieves falr presentation. A futlher descriplion of our responsibilities 15 available on the Financial Reportlng Council's websile at: htlps'.11 www.frc.org.uklaudilorsrespon5ibililies. This description fom)s part of our auditorfs report. 13- STANLEY ARTS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF STANLEY ARTS Your attention is drawn to the fact that the charity has prepared financial slatements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102)" (as amended) in preferen￿ to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice. Use of our report This report is made solely lo the charity's trustees, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not ac￿pt or assume responsibilty to anyone other than the Gharity and the charity's trustees as a body, for our audit work, for this report. or for the opinions we have formed. Hazel Day Bsc (Hons) FCA DChA (Senlor Statutory Audltor For and on behalf of Xeinadin Audit Limited, StatuloryAuditor Chartered Accountants 46-48 East street Epsom Surrey KT17 1HQ United Kingdom Date.. Xeinadin Audit Limited is eligible for appointment as auditor of the charity by virtue of ils eligibility for appointment as auditor ol a company under seclion 1212 of the Companies Act 2006. 14- STANLEY ARTS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restrlcled funds funds 2025 202S Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Notes Ineomè from: Donallons and legacies Charitable activities Olher Iradlng aclivitles Investments 452,844 449,510 53,010 2.711 448,901 901,745 449,510 53,010 2.711 472,540 424,655 82,903 3,046 663,986 1,136,526 424,655 82,903 3,046 Total Income 958.07S 448,901 1.406,976 983,144 663,986 1,647,130 Expendlture on.. Ralslng funds Charitable activities 27,509 904.975 27.509 578.619 1.483,594 35.715 857.398 35,715 504,860 1,362,256 Total expondlture 932.484 578.619 1.511,103 893,111 504,860 1,397.971 Not Incomel 1,236 3.046 2.711 Net cash used In Invèstlng actlvltles (19,702) {46,094) Flnanclng 8Ctlvltlos R8paym8nt of bank loans (10,000) Net cash used In Ilnanclng actlvltles (10.000} Net (docr•a80)Ilncrga80 In cash and cash equlvalents {231.149) 22,254 Cash and cash equlval8nts al b8glnnlng of year 375,863 353,609 Cash and cash gqulvalents at end of yoar 144,714 375,863 17- STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies 1.1 Accountlng conv8ntlon The financial statements have been prepared In accordanc8 with lh8 charty's governing docum8nl. Ihe Chariti8s Act 2011, FRS 102 "The Financial Reporting Standard applicable in th8 UK and Republic of Ireland" and thè Charitiès SORP "Accounting and Reporting by Chafities: Sl8lement of Recommended Praclice applicable to charilles preparing Ihgir accounls in accordance with the Financial Reporting Standard applicab18 in lh8 UK and Republic of Ireland (FRS 102).. Tha charily is a Public Benefil Entity as defined by FRS 102. The flnanclal slalemenls have departèd from Ihe Charitles (Accounts and Reports) Regulalions 2008 only lo the exlenl required lo provide a Irue and fair view. Thls deparlure has Involved following Ihe Statemenl of Recommended Pracllce for charities applying FRS 102 rather than the version of Ihe Slalement of Recommended Practice whlch Is referred to in the Regulalions but which has slnce been withdrawn. The financial stalem8nts are prepared in slerling, which Is lh8 functional currency of lh8 charily. Monelary amount8 In these financial slalemenls ar8 founded lo Ihe n8arest £. Th8 financial stalèm8nts have been prepared under the historical cost convention. Tha prlnclpal accounling poIici8s adopted are set out below. 1.2 Golng concern Al th8 lim8 of approvlng the financial stal8m8nls. the trusle8s have a reasonab18 expectallon Ihal Ihe charity has adequale resources lo continue In operallonal existenc8 for lh8 fores88abl8 fulur8. Thus thg IrLtsIè8s continue to adopl the golng concern basls ol acc(￿nting in preparing the flnanclal statements. 1.3 Charltablo funds Unreslricled funds afe available for use at the dlscrelton of Ihe trustees in furlheranca of their chafilable objectives. Reslricled funds are subjecl to specific Conditions by donors or grantors as to how they may bg used. The purposes and uses of the restricted funds are set out in lh8 noles lo the financial slalement8. 1.4 Incomè Income Is recognSsed when the charity is legally entitled lo11 aftèr any performance condillons have been met. the amounls can be measured rellably. and il is probable Ihat income will be rec8lV8d. Cash donallons are recognised on recelpl. Other donallons afe recognised On￿ thè charity has been nolified of the donalion, unless performance condillons require deferral of the amount. Income lax recoverable in relation to donations received under Glft or deeds of covenant is recognised at the time of th8 donation. Legacles are recognlsed on receipt or olherwlse if the charity has been notified of an impending dislribulion, the amount is known, and re￿Ipl is expecled. 11 the afflounl Is not known, the legacy Is Irealed as a conlingent asset. 18- STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles {Contlnuod) 1.5 Expènditure Expenditure is recognised once Ihere is a legal or conslrucllve obligatk)n lo Iransfer economlc benefil to a thlrd parly, it Is probable Ihal a transfer of economic benefits will be fequlred in seltlement, and Ihe amount of the oblioation can be measured reliably. Expenditure is dassifled by acllvily. The costs of each activity are made up of the lolal of direct costs and shared costs, Including support costs involved in underlaking each activity. Direcl costs altrlbulablo to a slngle activlly arg allocaled direclly to that activity. Shared cosls which contribute lo mor8 than one aclivlly and support cosls which arè not attributable lo a single aclivity are apportioned belween those aclivllies on a basss conslstenl wilh the use of re50urcg5, Cenlral staff costs are allocated on the basis of tim8 spent, and depreciation charges aro allocated on Ihp portion of the asset'5 use. 1.6 Tanglble flxed assets Tanglble fixed assels are Inllially m&asured at cost and subsequently measured at cost or valuallon. net of depreciation and any impairment losses. D8précialion is recognised so as lo wrlte off the cost or valuation of assets less thelr re51dual values over thelr usoful liv8s on Ihe following bases: Improvernenls to propprty Planl and equipment Fixtures and fillings 25Ya on cost and 12.50A on cost 25QA on cost 250/0 on cost The gain or loss arisin9 on Ihe dlsposal of an asset Is delermined as the dlfferenca bèlw8en th8 sale proceeds and the carryln9 value of Ihe asset. and Is recognls8d In the slal8m8nt of financlal aclivllies. All assets cosllng over £500 are capllallsed. Tanglble fixed assets are stated al cost less depreclatlon. 1.7 stocks Stocks are staled al the lower of cost and eslimaled selling price less costs to complete and sell. Cost comprises dlrect materials and, where applicab18. direcl labour cosls and th059 overh8ad5 Ihal have been incurred In bringing the stocks lo their present location and condition. Items held for distribution at no or nominal consideration are measured Ihe lower of replacemenl cost and cost. Nel realisable Yalue is the estimated Selling price 195$ all eslimaled costs of complellon and costs to be incurred in marketing, selling and di51ribulion. 1.8 Cash and cash equlvalents Cash and cash equivalents include trash In hand. ¢Jeposits held at call with banks, other short-term liquid investments with Ofiginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown withln borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected lo apply Ihe provisions of Section 11 '8asic Financial Inslrumgnts, and Secllon 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial irislrufflenls are recognised in Ihe charily's balan¢e sheel when the Charity beGomes party lo the contraclual provisions of Ihe inslrumenl. Financial assets and liabilities are offset. with the net amt)unts presented In Ihe financlal statements, when Ihere is a legally enforceable right to sel off the recognised amounls and Ihere is an intention to setlle on a nel basls or to realise Ihe asset and seltle tho liability simullaneously. 19- STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclos {Contlnued) 1.10 Employee benefils The cosl of any unused holiday entitlement Is recognlsed in the perlod In whlch Ihe employee's servlces are recelved. Termination benefits are recognised immediately as an expense when Ihe charity is demonslrably commilted to lerminale the employmant of an employee or to provlde lem)inatlon benefils. 1.11 Rellrement benefits Payments to defined contribution relirement benefit schemes ar8 charged as an expense as Ihey fall du8. 1.12 Debtors Trad6 and olh8r d6bloTs ar8 rècognlsed at the settlement amount du8 after any trade discounl offered. Prepayments are valued al the amount propaid aflor taking account of any trade dlscounts due. 1.13 Credltors and provlslons Credilors and provisions are recognised where Iho charfty has a present obllgallon r8sultSng from a past event that will probably result in Ihe Iransfer of funds to a third party and the amount due lo selU8 the obllgallon can be measured or oslimaled reliably. Creditors and provisions are rK)rmally recognised al their sg111gment amount after ellowing for any trade diseounls due. Crltl¢al accountlng estlmates and Judgements In the appll¢alion ol thg Gharity's a￿9￿￿ting policies. Iruslegs are required lo make judgernenls, eslimales and essumptions aboul Ihe carrying amount of asset5 and liabililies thot ale not readily apparent from olh8r sources. Thg eslimales 8nd associaled assumptions are based on hlslorical exp8rlanca and other factors that are consldered lo b8 re18vanl. Actual results may differ from these estimates. The estimates and underlylng assumpllons are fevlewed on an ongolng basls. Revlsions to accounlSng estimates are recognised In Ihe period In which the estlmale is revised where Ihe revision affecls only that period. or in the period of Ihe revision and fulure periods where the revision affects bolh Cufrenl and fulure periods, Incomè from donatlons and legacles Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Donallons and glfts 452.844 448,901 901.745 472.540 663,986 1,136.526 -20- ¥ s STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading actlvltles Unrestrlcted Unr05trlcted funds funds 2025 2024 Olher Income Theatre lax relief 449 52,561 13.071 69.832 Other trading actlvltles 53.010 82,903 Incom8 from Investments Unroslrl¢ted Unrestrlcted funds fund8 2025 2024 Inter8St receivabl8 2.711 3.046 Expondlture on ralsing funds Unrestrlcted Unr8slrlctèd funds funds 2025 2024 Fundralslng and publlclty Advertlslng 27,51)9 35,715 -22- c> ¢D ? J G) (n In Ci) ti) a) N> > a> on ts) K* ¢0 ¥f 0> oj # ) u co V> 4¥ ID fl a) c STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activilies 2025 2024 Staff costs Depreciation Irrecoverable VAT Rates and water Insuranc8 Telephone Poslage and slatlonery Sundries Legal and professional Bank chafges Repairs and maintenance Software licencgs and subscriptions GDvernanc8 costs 554,005 168,095 13,2B6 24,268 6,562 4,829 4,581 29,762 64,261 5.820 116,100 9,858 17,608 492,006 164,136 30,011 7,238 6.000 6,688 35,461 26,722 3,284 41,814 8,556 8,912 1.019.035 830.828 Analysed b?tweon'. Cafe & bar Communlty18111ngs Artislic Programme Buildlng overheads 275,210 131,459 612.366 217,674 214,144 398,821 189 1.019,035 830.828 2025 2024 Governance costs comprlse: Audlt f8e8 Accountancy 12,200 5,408 8.912 17,608 8,912 10 Net movemenl In lunds 2025 2024 The nel movement In funds is slated 8fler charglngl(credlllng)'. Fees payable for the audit of the charity's financial statements Depreclallon of owned tangible fwed assets 12,200 16B,095 8,912 164.136 11 Trustfjgs None of the trustees (or any persons connected wilh them) received any r8munerdlion or bengfils from the charily during tha year. -24- STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees 2025 Number 2024 Number Employe85 28 25 Employment costs 2025 2024 Wages and salarigs Social security costs Olher pension costs 573,721 25,360 10,522 485,316 39.851 8,237 609,603 533,404 The average number of full lim8 equlvalent employees was 17 (2024 - 16) There were no employees whose annual remuneralion was more than £60.000. 13 Taxatlon The charily is exempl from laxalion on ils activities because all its incom8 is applied for charilable PUfPOSO8. 14 Tanglble flxed assel8 Impffovemen18 to propgrty Plant and Flxluro5 and equlpmonl ttlng$ Totsl Cost Al 1 April 2024 Additions 818.972 19.636 292,691 1.494 59,328 1,170,991 1,283 22.413 At 31 March 2025 838.608 294.185 60,611 1,193,404 Dgproclatlon and Impalrmont At 1 April 2024 Depreclallon charged In the year 130,539 104,176 141.847 55.343 45,952 8,576 318,138 168,095 Al 31 March 2025 234,715 196,990 54,528 486,233 Carrylng amount At 31 March 2025 603.893 97.195 6.083 707.171 At 31 March 2024 688.433 151,046 13,375 852,854 -25- STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Stocks 2025 2024 Finlshed goods and goods for resala 13.788 7,134 16 Debtors 2025 2024 Amounts falling dua wlthln ona yèar: Trade debtors Other debtors Piepaymenls and acGiued Income 23.780 4.397 233,985 17.123 1.594 82,192 262,162 100.909 17 Loans and overdrafts 2025 2024 Bank IoBns 70,000 BO,000 Payable within one year Payabla after one year 10,000 60,000 10,000 70,000 18 Credltors: amounts falllng du8 wlthln one year 2025 2024 Notes Bank loans Other laxallon and soclal securlty 08feTred incom8 Trade credilors other creditors Accruals 17 10,000 10,587 652,454 28,890 12,238 172,102 10,000 11.228 749.747 23.703 23.184 163,207 886,271 981,069 19 Credltors: amounts falllng du8 after more Ihan one year 2025 2024 Nole$ Bank loans 17 60,000 70.000 -26- STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Ratlrement beneflt scheme5 2025 2024 D9flned contrlbutlon schemes Charge lo profil or loss In respect ol defined conlributlon schemes 10,522 8.237 The charlty op8rates a defined conlrlbutlon penslon schéme for all qualtfylng èmployeès. The assels of the scheme are held separately from thosè of the charity In an Indepèndently admlnis16red fund. 21 Restrlcled funds The r8slricted funds of the charily comprise the unexpend@d balances of donation5 ar)d grants held on trust sublocl to specific conditlons by donors as to how Ih8y may be used. At 1 Aprll 2024 Incomlng r880urco8 Rèsourc89 At 31 March expanded 2025 Hislorio England National Lollery Heritage Fur)d Paul Harnlyn Foundation GLA; Rgwire Youth Mental Health ACE: LBOC QueerArts Programme ACE.. Place Partnership Croydon Council ACE: Culture Croydon Croydon Council - Faces & Places GLA- Grow Back Greener HAZ Cultur8 programm8 22,990 226.287 79.904 (15.007) {245.154) (154.418) (3,600) (7,107) (103,561) (17,229) {7,500) (9,995) {10.060) (4,988) 7,983 8,516 3,909 27.383 78.423 3.600 4.062 33,429 12,229 3.045 73,132 5,000 13.500 9,995 10,060 4.98B 3,000 6,000 159.126 448.901 1578.619) 29,408 Provlous year: At 1 Aprll 2023 Incomlng resourcgs Resources At 31 March oxpendgd 2024 Hlsloric England National Loltory Herllago Fund Paul Hamlyn Foundalion GLA.. Rewire Youlh Mental Health ACE: LBOC Qu8erArts Programme HAZ Culture Programme ACE.. LBOC QueerArts Programme Croydon Councll 34.261 142.001 171.300 61.000 56.101 54.559 98,996 45.768 134,261) (114,618) {92,877) (57,400) (52,039) (54,559) {65,567) (33.539) 27,383 78,423 3,600 4.062 33,429 12,229 663,986 (504,860) 159.126 -27- STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Rostrlcted funds Iconllnued) A descrlplion of Iha purpose of Ihe funds Is set oul below: Historic England funded a project called Ffaffling Croydon designed lo build community 5UPPOrt for Croydon's hlstoric built environment. National Lollery Heritage Fund Supported a decorative scheme programme about fostering greater publlc engagem8nt with heritage, developing skills Ihrough creative and consgTvaliori-basad aclivilies. Paul Hamlyn Foundallon - Funded a programmè of aclivlty engaging young people and the local communlly In a programme of arls and culture focused on climalo Justice ACE Cullur8 Croydon - Funding supported Croydon Creators & Makars lo evolv8 Into a suslalnable mod81 thal serves the arts and cultural communities of the Borough of Croydon. Place Partnershlps - Funded a consortlum programme of activily In Croydon lo continue the legacy of the London Borough of Culture. GLA rewire - Funded a large scale youlh mental heallh fesllval LBOC Queer Arts - Supporting Que8r Croydon lo eslablish as a sustainable entily alongslde a programme of Queer Arts actlvlly Croydon Council - Funding lo cover bld wrlllng for CPP Fac8s & Places- Heritage programme for London Borough of Culture year GLA Grow back green8r- Fundlng lo create, Improve and mainlaln green space at Stanley Arls. HAZ Cultural programme - High Streets Aclivily Aclion Zone (Hisloric England) Programme 22 Unre5trlcted funds The unrestricted funds of the charity comprlsè the unexpended balances of donations and granls whlch are not subject to specific condillons by donors and grantors as to how Ihey may be used. These include designated funds whlch have been set aside out of unreslricled funds by the trustees for specific purposes. Incomlng resources Rosourcei At 31 March expended 2025 2024 G8n8ral fund8 126,565 958,075 1932,484) 152.156 Prevlous year.. At 1 Aprll 2023 Incomlng Resources At 31 March resour¢os exponded 2024 General funds 36,532 983.144 (893,111) 126.565 -28- STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Analysis of net assets between funds Unrestrl¢ted funds 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Tanglble assets Current ass8tsl(Ilablltll8s) Long teTm liabilities 707,171 {495,01 S) (60.000) 707,171 {465,607) 160,000) 29,408 152,156 29,408 181,564 Unrestrlctod funds 2024 Rostrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current asselsl(Ilabllllles) Long term liabllitles 852,854 (656,289) {70,000) 852.854 1497,163) (70,000) 159,126 126.565 159.126 285.691 24 Relalgd parly transactlons There were no dlsclosable related parly transactions during the year (2024 - none). 25 Cash (absorbed byllgengrated from operallons 2025 2024 (Deficllllsurplus for the year {104,127) 249,159 Adjustments for: Inveslment income recognlsed In stalemenl of financial activilies D8precialion and impairment of tangible fixed assets {2,711) 168,095 (3.046) 164,136 Movemenls In worklng capltal: (Increase) in stocks (Increase)Idecrease In debtors Increasel{decrease) in credilors (Decrease)lincrease in deferred income {6,654) {161.252) 2.495 (97,293) (381) 80.5B2 (1.171.849) 749,747 Cash (absorbed by)Igenorated from operatlons {201.447) 68.348 During the year thè Charity was spending Ihe resmcled funds rec8lved in prior years loading to tho outflow of cash shown above. -29- STANLEY ARTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Analy51s of changes in net funds At 1 Aprll 2024 Co¥h flowsAt 31 March 2025 Cash at bank and In hand 375.863 (231,149) 144,714 Loans falling due wilhin one year Loans falling due after more than one year (10.000) {70.000) 110,000> {60,000> 10,000 295,863 (221.149) 74.714 -30-