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2021-03-31-accounts

Charity registration number: 1159343

STUART HALL FOUNDATION

Annual Report and Financial Statements

for the Year Ended 31 March 2021

Stuart Hall Foundation

(Charity Reg. No: 1159343)

_____________

Contents
Trustees' Report 1
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14-19

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021

_____________

The Board of Trustees are pleased to submit their report and independently examined financial statements for the year ended 31st March 2021.

Reference and Administrative Information

Inspired by the life and work of Jamaican-born British public intellectual Professor Stuart Hall, founding figure of British Cultural Studies, key arts supporter, inspirational educator and leading voice for social justice, the Stuart Hall Foundation (SHF) is committed to enriching public education by hosting talks and events that address urgent questions of race, class and intersecting inequalities, as well as providing opportunities for activism and intellectual inquiry amongst scholars, artists and activists from under-represented groups. We collaborate with individuals and institutions across the UK and internationally to bring the arts (imagination), education (thinking) and politics (people and policies) into dynamic and transformative dialogue, to continue Stuart Hall’s life-long commitment to public education. Our goal is to create a new and more inclusive public which is diverse and intergenerational who see and think about the world differently.

The Stuart Hall Foundation was incorporated on 25[th] November 2014 and is a registered charity (number 1159343). Its objects, powers and other constitutional matters are set out in its Trust Deed dated 21[st] October 2014. These financial statements comply with current Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Registered office: c/o David Beech, Prager Metis LLP, 5A Bear Lane, London, SE1 0UH

Trustees

The Trustees serving during the year and since the year end were as follows:

Paula Kahn - Treasurer Gregor McLennan David A. Bailey Michael Rustin Catherine Hall Susanna Rustin Rebecca Hall Gilane Tawadros – Chair Julian Henriques Maria Amidu Jess Hall Claire Alexander - Vice-Chair

Patrons

Angela Davis Isaac Julien Henry Louis Gates Jr Steve McQueen Sue Woodford Hollick

Bankers: Barclays Bank, 35 Notting Hill Gate, London, W11 3JQ

Independent Examiners : Additude Ltd, 9 Rhapsody Court, London NW10 5DF

Page 1

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021 (continued)

_____________

Objects, Aims and Principal Activities

The Stuart Hall Foundation’s principal activities are to advance education for public benefit and to promote the arts for public benefit. The Charity aims to achieve its objectives through the following activities:

1. Developing an international digital presence

2. Awarding scholarships, fellowships and residencies

3. Commissioning new artistic and cultural works

4. Convening a public programme of events

Principal charitable activities

The principal charitable activity of Stuart Hall Foundation is in seeking to meet the above aims.

Public Benefit

The Stuart Hall Foundation carries out a wide range of activities as detailed in pursuance of its charitable aims. In setting the work programme each year the Trustees have regard to the Charity Commission’s guidance on public benefit and are satisfied that the Charity’s activities throughout the year provided public benefit because:

Review of Achievements and Performance

The pandemic has caused significant disruption to our work and planned programme. The Stuart Hall Foundation, like many others, was forced to assess the medium and long-term impacts on our business plan, sustainability and fundraising efforts. In June 2020, after careful consideration of how we can contribute most effectively to the challenges we all were facing (in particular Covid-19 crisis and worldwide Black Lives Matter protests) we decided to streamline and re-focus our resources and work on two key strands of activity: (1) delivering a dynamic digital #reconstructionwork programme; and (2) building and developing our network of SHF scholars and artists.

We have continued work to make our activities and Stuart Hall’s work accessible to broader audiences by developing and extending the reach of our digital presence. From April 2020 – March 2021, we have delivered the following activities and initiatives:

Page 2

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021 (continued)

_____________ days following. We have plans to release extracts to a broader international audience in 2021 via YouTube.

o #reconstructionwork: with Susanna Rustin and Shiv Malik (4th October 2020)

We then paused to evaluate its success, make time to deliver other elements of the programme, and plan a new line-up of #reconstructionwork events for 2021 as part of our new activities funded by Arts Council England as well as our partnership with CoDE. We concluded that the new line-up would continue to focus on issues of race and equality, but specifically in relation to the visual arts, poetry, filmmaking, arts institutions and the media and publishing industries, and invite dialogue around urgent issues such as climate crisis, dissent and decolonisation.

Page 3

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021 (continued)

The Stuart Hall Foundation’s core and programme costs have been supported by Trusts and Foundations (including Foyle Foundation, Unbound Philanthropy, The Robert Gavron Charitable Trust, The Hollick Family Charitable Trust, David and Elaine Potter Foundation, Arts Council England, CoDE, Art Fund) as well as private donors and supporters.

In addition, we receive in-kind support from our academic and cultural partner organisations, a more detailed outline of the received in-kind support can be found in the accounts below. Our Board of Trustees and other supporters offer their time and expertise on a voluntary basis.

Financial Review

The statement of financial activities shows a deficit of £10,990 [2020: surplus of £54,480] at 31 March 2021. Total funds balance at the year end, taking into account funds brought forward at the beginning of the year, included restricted funds of £51,125 [2020: £42,768] and unrestricted funds of £95,032 [2020: £114,379], none of which were designated [2020: £0].

Page 4

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021 (continued)

_____________

Structure, Governance and Management

The Stuart Hall Foundation is a registered charity.

Governance

Responsible governance of the Charity is exercised through the Board of Trustees who are all board members (‘the Board’). The Board is made up of independent lay members who are responsible for the Charity’s conduct and for ensuring that it satisfies all legal and contractual obligations. The Trustees are volunteers and are not remunerated for their time. The Charity is comprised of 12 Trustees with wide international experience in finance, senior management, academia, the arts and creative industries, broadcasting and philanthropy. The Board is responsible for setting the Charity’s strategic direction and is ultimately accountable for how effectively the Charity meets the defined aims through direct charitable activity. The Board employs staff members who support the Charity’s strategic planning and operational activities. Trustees meet at least four times a year; financial and management reports are provided to the Board quarterly.

Gilane Tawadros was appointed as the Chair of the Board of Trustees on 17th June 2020, Sue Woodford-Hollick took up the position of Vice-Chair on the same day. Sue WoodfordHollick resigned from her duties as the Vice-Chair in March 2021 and Claire Alexander was appointed as the Vice-Chair of the Foundation on 6[th] July 2021.

Trustee Investment powers

Investment powers are governed by the Trust Deed. There are no restrictions on charity’s absolute powers of investment to the extent that any retained funds that arise are dealt with by depositing surpluses into the COIF Charities Deposit Fund or with authorised banks.

Trustee recruitment, induction and training

The Chair of the Trustees is nominated by the Board of Trustees.

The Board of Trustees has power to appoint additional Trustees as it considers fit to do so to ensure that all relevant skills and experience are represented. Under the Trust Deed every Trustee must be appointed by a resolution of the Trustees. The appointed Trustees fulfil their duties without any term limitations. Each new Trustee is given an induction in the work of the Charity and financial procedures. Each new Trustee receives a copy of the Trustees Deed and any amendments made to it and a copy of charity’s latest report and statement of accounts. A Trustee shall cease to hold office if he or she (1) is disqualified for acting as a Trustee by virtue of sections 178 and 179 of the Charities Act 2011 or any statutory reenactment or modification of that provision, (2) is no longer able to fulfil duties due to medical reasons, (3) is absent without the permission of the Trustees from all their meetings held within a period of six months, (4) notifies to the Trustees a wish to resign.

Management and Staffing Structure

In response to the pandemic in June 2020 we re-structured our team: following the departure of Director Ruth Borthwick in June 2020, we promoted our Coordinator Harriet Fleuriot, to

Page 5

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021 (continued)

_____________

Programme Manager and recruited a new Digital Content Curator, Orsod Malik, and a new administrator, Ilze Rieba. This new operational set-up is working very well, reflected in the smooth acceleration of our digital work and the positive feedback and we are receiving from our networks. While our programme costs have decreased because all activities were held online, the staffing costs have increased as we were able to deliver significantly more activites than the previous years.

We continue to employ a part-time freelance fundraising consultant to support our fundraising efforts. The core staffing structure will remain small and, where possible, rely on freelancers to remain at low risk financially and reactive to the workload.

A key outcome from this intense period of planning and infrastructure development, is that we have been able to work with new partners and extend contracts for all operational staff well into 2021. This brings much needed stability to support long-term planning for maximum impact.

Principal Risks and Uncertainties

The Charity undertakes periodic reviews for different areas of risk including, insurance cover; health and safety policies in the workplace; financial affairs; personnel practices; ICT technology. In relation to these matters, and apart from matters completely outside the Charity’s control, the Trustees consider that the risks to which the Charity is subject have been mitigated to a satisfactory level.

The Charity closely manages its finances. A budget is approved before the beginning of the year. All expenditure is monitored against budget and authorised by the Chair and ViceChair who are responsible for ensuring that the expenditure remains within agreed limits.

Reserves policy

The charity holds free reserves for a variety of purposes. In a relatively steady operating environment such purposes would include:

The charity’s free reserves stood at £95,032 at 31 March 2021 (2020 - £114,379). The Trustees remain of the view that a minimum level of free reserves of £50,000 roughly equivalent to six months of core operating costs, should be maintained. In the meantime, the charity is committed to ensuring that no reduction in reserves occurs.

Plan for future periods

As part of this next phase, we have reviewed the Foundation’s two-year organisational strategy and budget. We have considered the impact that Covid-19 is having on funding opportunities as well as the resources needed to deliver a successful digital programme. Our future strategy will focus on two strands of work:

Page 6

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021 (continued)

_____________

Public programme

To mark the 70th anniversary of Stuart Hall’s arrival from Jamaica in 1951, we are organising an 18-month programme of live and online conversations, podcasts and commissioned writings, culminating in a major new artwork commission at Highgate Cemetery, that explores the continuing significance of Stuart’s work and ideas today. We have recently secured a substantial Arts Council England and Garfield Weston Foundaton project grant to support this programme.

From mid 2021 to autumn 2022, we will bring together young collectives, cultural activists and producers to share their visions for a just and more equal society. Spotlighting systemic disadvantage and giving a platform urgently to address structural racism in society and culture, our programme will reach new and culturally diverse audiences to:

Key components of our programme will be:

The programme will equally enable the Foundation to develop as a commissioner, producer, curator and publisher of creative, cultural and educational resources, including working with video and audio that build on our library of resources; exciting new territory for the Foundation, that will strengthen our partnerships and increase our exposure with producers, publishers and journalists.

Scholars and Fellows Network

Ours scholars and fellows’ research fields are varied and rich, spanning arts, humanities, social sciences and psychology, using interdisciplinary and critical readings of class, ethnicity and gender. Recent achievements of our scholars and fellows include:

Page 7

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021 (continued)

_____________

We established a research doctorate in 2020 to fulfil the objectives of the Black Cultural Activism Map (BLK ACT MAP) in partnership with the Centre for Research and Education in Arts and Media (CREAM) and Westminster School of Arts. The PhD studentship, funded under a tēchne AHRC Doctoral Training Partnership was awarded to Lola Olufemi, a black feminist writer, organiser and researcher. In addition, the White Rose Social Sciences Doctoral Training Partnership (WRDTP) are supporting three Stuart Hall PhD scholarships, ringfenced for black British candidates and due to start in autumn 2021.

We are rapidly expanding and developing this unique and international network of scholars, fellows and artists-in-residence. Its purpose is to help build a new generation of thinkers engaging with Stuart Hall’s work, becoming influencers themselves; to help address issues experienced by black, Asian and minority ethnic scholars, and other under-representation and disadvantage within and outside academia; and to make connections spanning education, culture and politics, and across the globe.

We are in the early stages of developing this Stuart Hall Scholarship Network, initially comprising an annual networking event and opportunities for scholars, fellows and residents to contribute to our public programme and digital platform. In the last year, we have extended this to include online networking (including regular meetings) and our future programme includes:

Our ambitions are to go further in our facilitation high quality connectivity between past and present scholars, fellows and residents by engaging them in:

We want our SHF scholars, fellows and artists to be confidently and actively engaged in the world outside the academy; applying their knowledge and making connections across the arts, humanities and social sciences, recognising that these are not only intellectual disciplines but vital areas of social, cultural and political life.

Page 8

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021 (continued)

_____________

Statement as to Disclosure of Information to Independent Examiner

Each of the persons who are Trustees at the time when this report is approved confirms that:

Independent Examiners

The officers of the charity have agreed to re-appoint Additude Ltd as the charity’s Independent Examiner and the proposal of this appointment will be put forward to the board at the forthcoming Board Meeting.

Approved by the Board and signed on its behalf by:

Gilane Tawadros – Chair

Date: 07 Dec 2021

Page 9

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2021 (continued)

_____________

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income or expenditure, of the charity for that period.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping proper and adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 10

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Independent Examiner’s Report to the Trustees of Stuart Hall Foundation for the year ended 31st March 2021

_____________

We report on the accounts of the charity for the year ended 31 March 2021, which are set out on pages 12 to 19.

Respective responsibilities of Trustees and examiner

The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of CIPFA.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in, any material respect, the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Andi Dollia, CPFA

Date: 25 Nov 2021

ADDITUDE LTD 9 Rhapsody Court Wakeman Road London NW10 5DF

Page 11

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Statement of financial activities for the year ended 31st March 2021 (incorporating an income and expenditure account)

__
Income from:
Note
Donations and
legacies
3
Charitable
activities
4
Charitable
activities In-Kind
5
Total income
Expenditure on:
Raising funds
6
Charitable
activities
6
Charitable
activities In-Kind
Total
expenditure
Net income
(expenditure)
Transfers
between funds
Net movement in
funds
Reconciliation of funds:
Total funds
brought forward
Total funds
carried forward		 _____
Restricted
£
85,070
-
173,565
258,635
-
76,713
173,565
250,278
8,357
-
8,357
42,768
51,125		 _____
Unrestricted
£
24,689
7,585
-
32,274
16,103
35,518
-
51,621
(19,347)
-
(19,347)
114,379
95,032		 __
2021
Total
£
109,759
7,585
173,565
290,909
16,103
112,231
173,565
301,899
(10,990)
-
(10,990)
157,147
146,157		 ____
Restricted
£
113,975
-
131,772
245,747
-
96,995
131,772
228,767
16,980
-
16,980
25,788
42,768		 _____
Unrestricted
£
53,948
1,408
-
55,356
14,780
3,076
-
17,856
37,500
-
37,500
76,879
114,379		 _
2020
Total
£
167,923
1,408
131,772
301,103
14,780
100,071
131,772
246,623
54,480
-
54,480
102,667
157,147

The notes on pages 14 to 19 form part of these financial statements.

Page 12

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Balance Sheet as at 31st March 2021

Balance Sheet as at 31st March 2021
_________
Note
Fixed Assets
Tangible fixed assets
10
Current assets
Debtors 11
Cash at bank
Creditors: amounts falling due within one year12
Net current assets
Net assets13
Funds
14
Restricted
Unrestricted:
General
Total funds		 _______
2021 2020
£
£
--
-
-
147,791
163,947
147,791
163,947
1,634
6,800
146,157
157,147
146,157
157,147
51,125
42,768
95,032 114,379
146,157
157,147

For the year ended 31 March 2021 the charity was entitled to exemption under section 477 of the Companies Act 2006; and no notice has been deposited under section 476. No members have required the charity to obtain an audit of its accounts for the year in question. The Trustees acknowledge responsibility for: i) Ensuring the charity keeps accounting records which comply with section 386; and ii) Preparing financial statements which give a true and fair view of the state of affairs of the charity as at the year-end in accordance with requirements of section 394 and 395, and which otherwise comply with requirements of the Companies Act 2006 relating to financial statements, so far applicable to the charity. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Trustees on 07 Dec 2021 and signed on their behalf by:

Gilane Tawadros Chair

Page 13

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Notes to the Financial Statements for the year ending 31st March 2021

_____________

1. Accounting policies

a. General information

Stuart Hall Foundation is a charity, registered with the Charity Commission (charity registration number 1159343).

b. Going concern

The Trustees confirm that at the time of approving the financial statements, there are no material uncertainties regarding the Charity’s ability to continue in operational existence for the foreseeable future. In arriving at this conclusion the Trustees have taken account of current and anticipated financial performance in the current economic conditions, its business plan and its reserves position. For this reason, the going concern basis continues to be adopted in the preparation of the Charity’s financial statements.

c. Basis for preparation

The financial statements have been prepared under the historic cost convention unless otherwise stated in the relevant accounting policy notes and in accordance with Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The principal accounting policies that have been applied to all years presented in these financial statements are set out below.

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires Trustees to exercise their judgement in the process of applying the accounting policies. Use of available information and application of judgement are inherent in the formation of estimates. Actual outcomes in the future could differ from such estimates. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 2.

d. Recognition of outstanding employee benefits

No provision for outstanding holiday pay was made under previous UK GAAP. Under FRS 102 the costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employees’ services are received.

e. Fixed assets

Individual fixed assets costing £2,000 or more are initially recorded at cost.

f. Fund accounting

The nature and purpose of each fund is explained in Note 14 to the financial statements.

Page 14

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Notes to the Financial Statements for the year ending 31st March 2021 (continued)

_____________

g. Financial instruments

The only financial instruments held by the charity are debtors and creditors. These are categorised as ‘basic’ in accordance with Section 11 of FRS 102 and are initially recognised at transaction price. These are subsequently measured at their transaction price less any impairment.

h. Income

Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:

Donations and grants are split between restricted and unrestricted funds in accordance with the terms of the grant or donation.

Donations and gifts are recognised in the statement of financial activities when receivable. Income from government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Donated services and facilities are included at the value to the charity where this can be quantified.

Bank interest is recognised on an accrual basis.

i. Expenditure

Expenditure is included in the statement of financial activities on an accruals basis, inclusive of any VAT that cannot be recovered. It is recognised when there is a legal or constructive obligation to pay for it. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff or resources used on those activities.

j. Defined contribution pension scheme

The charity operates a defined contribution scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

k. Leases

Rentals applicable to operating leases are charged to the statement of financial activities over the period they are incurred.

2. Critical judgements and estimates

No critical judgements have been made by management in applying the charity’s accounting policies.

Page 15

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Notes to the Financial Statements for the year ending 31st March 2021 (continued)

_____________

3. Donations and Legacies Restricted
Unrestricted		 Restricted
Unrestricted		 Restricted
Unrestricted		 2021 2020
Total Total
£ £ £ £
Unbound Philanthropy 30,000 - 30,000 50,000
University of Manchester 42,070 - 42,070 -
National Art College / Art Fund 500 - 500 -
Hollick Family Charitable Trust 10,500 - 10,500 16,000
Honeywell - - - 6,000
Arts Council England - - - 2,975
Routledge Award - 1,000 1,000 1,000
David and Elaine Potter Foundation 2,000 - 2,000 18,000
Foyle Foundation - - - 10,000
The Robert Gavron Charitable Trust - - - 5,000
The Farringdon Practice - - - 26,000
Private Donation - 10,000 10,000 16,000
Other Income and donations - 13,689 13,689 16,948
Total 85,070 24,689 109,759 167,923
4. Income from Charitable Activities
Restricted Unrestricted 2021 2020
Total Total
£ £ £ £
Ticket Sales - 7,585 7,585 1,408
Total Income from Charitable Activities - 7,585 7,585 1,408
5. Income from Charitable Activities 2021 2020
In-Kind Restricted Unrestricted Total Total
£ £ £ £
University of East London 5,452 - 5,452 10,000
University in Germany - - - 13,005
University of Cape Town 5,860 - 5,860 5,860
Goldsmiths, University of London 16,208 - 16,208 12,156
The Hutchins Center of African and
American Research, Harvard University 38,000 - 38,000 38,159
Sussex University 10,000 - 10,000 10,000
Merton College/TORCH 28,592 - 28,592 28,592
Birkbeck, University of London 20,668 - 20,668 10,500
University of Manchester 15,285 - 15,285 -
Routledge Award 1,000 - 1,000 1,000
The Tavistock & Portman NHS Trust 13,000 - 13,000 -
TECHNĒ AHRC 17,000 - 17,000 -
Iniva 2,500 - 2,500 2,500
Total Income from Charitable Activities
In-Kind 173,565 - 173,565 131,772

Page 16

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Notes to the Financial Statements for the year ending 31st March 2021 (continued)

_____________

6. Expenditure on Charitable Activities

Staff costs (note 8)
Staff Recruitment
Rent, Rates, Utilities
Consultancy
Comms and IT
Office supplies
Travel & Hospitality
Ind. Examination fee
Professional fees
Programme costs
Add: allocation of
support costs
Total Expenditure
on Charitable
Activities		 Raising
funds
-
-
-
7,171
-
-
-
-
-
-

7,171
8,932
16,103		 Charitable
activities
£
53,050
-
-
-
-
-
-
-
-
32,388
85,438
26,793
**112,231 **		 Support
Costs
£
22,736
-
424
-
11,179
58
62
1,170
96
-

35,725
(35,725)
-		 2021
Total

£

75,786
-
424
7,171

11,179
58
62
1,170
96
32,388


128,334
-
128,334		 2020
Total
£
49,056
1,025
1,647
9,013
2,948
782
1,545
1,040
84
47,711
114,851
-
114,851

7. Net income/(expenditure) for the year

This is stated after charging / crediting:
Depreciation
Independent Examination		 2021
£
-
1,170		 2020
£
-
1,040

No expenses were reimbursed to Trustees during the year.

Page 17

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Notes to the Financial Statements for the year ending 31st March 2021 (continued)

_____________

8. Staff Costs

Staff costs were as follows:
Salaries and wages
Social security costs
Pension contributions
 2021
£
75,488
-
298
75,786		 2020
£
48,781
-
275
49,056

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

10. Tangible fixed assets

During the year, the charity had no tangible fixed assets in its possession.

11. Debtors

Trade debtors
Prepayment and accrued income
12. Creditors: amounts due within 1 year
Trade creditors
Taxation and social security
Deferred income
Accruals and provisions
Other creditors		 2021
£
-
-
-
2021
£
-
464
-
1,170
-
1,634		 2020
£
-
-
-
2020
£
-
774
-
1,698
4,328
6,800

Page 18

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Notes to the Financial Statements for the year ending 31st March 2021 (continued)

_____________

13. Analysis of net assets between funds

Tangible fixed assets
Net current assets
Net assets at the end of the year
14. Movements in Funds
Unrestricted funds:
General funds
Total unrestricted funds
Restricted funds:
Unbound Philanthropy
Hollick Family Charitable Trust
University of Manchester
National Art College / Art Fund
David and Elaine Potter Foundation
Foyle Foundation
The Robert Gavron Charitable Trust
Private Donation
Gifts in Kind

Total restricted funds
Total funds		 Restricted
Funds
Unrestricted
funds
Total funds
£
£
£
-
-
-
51,125
95,032
146,157
51,125
95,032
146,157
At the
start of
the year
Incoming
resources
Outgoing
resources
At the
end of the
year
£
£
£
114,379
32,274
51,621
95,032
114,379
32,274
51,621
95,032
6,689
30,000
17,189
19,500
8,350
10,500
5,225
13,625
-
42,070
24,070
18,000
-
500
500
-
6,729
2,000
8,729
-
10,000
-
10,000
-
5,000
-
5,000
-
6,000
-
6,000
-
-
173,565
173,565
-
42,768
258,635
250,278
51,125
157,147
290,909
301,899
**146,157 **

Purposes of funds

General funds : these are available for use at the Trustees ' discretion in furtherance of the objectives of the charity.

Restricted funds : these are donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

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