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← Stuart Hall Foundation

2024-03-31-accounts

Charity registration number: 1159343

STUART HALL FOUNDATION

for the Year Ended 31 March 2024

Stuart Hall Foundation

(Charity Reg. No: 1159343)

_____________

Contents

Trustees' Report 1-10
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 2024

_____________

The Board of Trustees are pleased to submit their report and independently examined financial statements for the year ended 31st March 2024.

Reference and Administrative Information

The Stuart Hall Foundation is inspired by the life and work of the eminent scholar and intellectual Professor Stuart Hall and seeks to support a new generation of creative thinkers to challenge the status quo and provoke independent thinking, debate, and research by bridging the arts, academia, and activism. We believe that supporting the creative and intellectual development of a new generation of artists and academics who address issues of inequality in their work is an essential contribution towards a more just, equal and humane society.

SHF was established by Professor Stuart Hall’s family, friends and colleagues to continue his life’s work and build on his unique and distinct legacy by attending to the urgent political, social, and cultural questions of our time. Our work has been directed towards achieving a more racially and socially just, and equitable society through public education. The Foundation believes that social change is not possible when opportunities to contribute and shape public understanding of debates on politics, history and culture are limited to a privileged few. Therefore, we are committed to equipping academic and non-academic publics with the intellectual tools to intervene in national and international debates on race and class by facilitating a combination of artistic and academic interventions. We work towards fulfilling this commitment by creating opportunities for under-represented groups to enter higher education and contribute to the programmes of renowned arts institutions, and by developing free-toaccess digital learning resources to support a wider public as they engage with present-day political and cultural concerns, such as climate change, economic crises, political conflicts, and migration.

We work towards our mission through three strands of activity:

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 the 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

Page 1

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2024 (continued)

_____________

Trustees

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

Maria Amidu Martha Awojobi (joined on 8[th] July 2024) Nick Beech (joined on 1[st] March 2024) Peter Greig (Treasurer since 1[st] April 2024) Catherine Hall Rebecca Hall Julian Henriques (resigned on 29[th] April 2024) Sarah Kavanagh (joined on 8[th] July 2024)

Farzana Khan

Paula Kahn (Interim Vice-Chair since 1[st] April 2024) Aasiya Lodhi (joined on 8[th] July 2024) Gregor McLennan (resigned on 4[th] December 2023) Nasar Meer Michael Rustin Susanna Rustin (resigned 29[th] April 2024) Gilane Tawadros (Chair)

Associates

Giorgia Doná Remi Joseph-Salisbury Ruth Ramsden-Karelse Roshini Kempadoo

Shamim Miah Kennetta Hammond Perry Derron Wallace

Patrons

David A. Bailey Angela Davis Henry Louis Gates Jr Jess Hall

Isaac Julien 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.

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.

Page 2

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2024 (continued)

_____________

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.

Review of Achievements and Performance

2023/2024 has been a significant year for the Stuart Hall Foundation. Over the past year, our organisation has undergone substantial and exciting developments while continuing to deliver public and academic programmes, produce digital resources, develop evaluation framework, and refine our Theory of Change. We have also increased our fundraising efforts and developed a strategic plan for the next three years. Overall, it has been a successful and stimulating year, yielding many lessons that have helped us develop and shape our future programmes as we maintain our commitment to creating more equal and just futures.

During this period, we made several pivotal staffing changes, notably appointing Orsod Malik, our long-term Programme Curator, as the Executive Director of the Foundation in July 2023. This marked a significant shift in our organisational direction and operations. In 2023, we deliberately scaled back programme activities to allocate focused time towards comprehensive planning and strategic refinement. Additionally, we extended a one-year employment contract to our Administrative Assistant and hired a temporary Operations Assistant to bolster our efforts in fundraising and organisational development.

Simultaneously, we have been actively working on our Monitoring, Evaluation, and Learning (MEL) framework. This effort aims to foster closer and more consistent dialogue with our constituents, beneficiaries, contributors, and audiences, enabling us to continually improve our offerings and ensure their relevance. This strategic approach not only facilitates informed decision-making but also strengthens our capacity for adaptive learning.

One of our key achievements in public programmes includes the production of two podcast series: the 'Locating Legacies' podcast series (in collaboration with Pluto Press), which traces historical reverberations to contextualise present-day politics, and the 'Living Archives Podcast' (in collaboration with ICF). These projects garnered significant engagement on our social media platforms, with one Instagram post receiving over 1,100 likes and 14 comments. These initiatives showcase our commitment to using digital platforms to advance public education while amplifying diverse perspectives.

In March 2024, we launched our 'Catastrophe and Emergence' programme, marking our first full-year programme launch. This programme explores ideas of catastrophe and emergence, inviting our networks and audiences to examine this juncture and envision potential political possibilities. The launch event with Isaac Julien at Conway Hall and subsequent 'Reading the Crises' series have generated immense interest, with over 1,200 registrations per event underscoring the urgency and relevance of these discussions. Other programme highlights include the 'Stuart Hall in Translation' series and the Autumn Keynote event featuring Robin D. G. Kelley.

Page 3

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2024 (continued)

_____________

Throughout the year, our audience reach has expanded significantly, with an average of 3,200 monthly website visitors. We recorded over 120,000 views and 70,000 user engagements from more than 35,000 website users. Our social media presence has also grown, with over 5,300+ followers on X (previously Twitter), 6,000+ on Facebook, 5,450+ on Instagram, and 990+ on YouTube. Our mailing list now exceeds 6,500 subscribers.

Our academic network has seen rapid growth as well. In October 2023, we welcomed 23 new scholars, researchers, and artists to our network, bringing the total to 93 members. This expansion underscores our commitment to fostering partnerships with major academic institutions and nurturing a dynamic intellectual community of emerging leaders. Regular network activities, including online and in-person events featuring distinguished guests like Jacqueline Rose and Claudette Johnson, have facilitated knowledge exchange and collaboration. Our new mentoring pilot, supported by CoDE, has received positive feedback, empowering scholars to amplify their voices within their communities.

Between 1[st] April 2023 and 31[st] March 2024, we have delivered the following activities:

Public Programme

Page 4

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2024 (continued)

_____________ artists were invited to respond to “the living archive” and consider the ways an archive may hold multiple narratives that are contested. Selected artist Dharma Taylor is a multidisciplinary artist, combining textiles with woodwork to produce narrative-rich, design-driven works that seek to observe aspects of systems within which we exist and that allow her to explore her position within the Diaspora and contemporary British society. In addition to the 3-month-long residency, Dharma Taylor took part in an event in January 2024, sharing her journey connecting readings, research, and networks and how it entangles design, and reflecting on what the ‘living archive’ means to her now and the future development of her practice.

Academic Programme

Our academic network has been growing rapidy, we now have in total 93 scholars, fellows and artists in our network. We’ve built upon our cultural and academic connections to offer further opportunities; enabling network members to attend and speak at CoDE’s first Early Career Researcher (ECR) Race network event in Manchester; supporting the “New Ethnicities – Study Day” curated by Ian Sergeant with Birmingham City University’s Centre for Media and Cultural Research and Midlands Arts Centre; and supporting ‘Making Space: Decolonial Interventions in Contemporary Art’, a panel convened by Sussex/SHF Fellow Susuana Amoah, with University of Sussex, Brighton Museum, and Pavilion Trust.

We used our digital channels to celebrate the achievements of network members, including published books, workshops, art exhibitions, awards, speaking appearances, and career milestones.

We also invited Ruth Ramsden-Karelse (previous Merton/SHF PhD Scholar) and Derron Wallace (previous Harvard/SHF Fellow) to join the Foundation as volunteer Associates supporting Trustees with development of our network.

Page 5

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2024 (continued)

_____________ Our network is a diverse group who are guided by a stong commitment to anti-racism in their work and links to their local communities. For example, Fezile Sibanda is part of SHY Collective, a platform seeking to challenge educational and academic structures by making academic work more accessible, Amalia Khemet has supported secondary school pupils on The Lyric Theatre Project, aimed at reengaging young people with education through theatre and performance skills, Melissa Williams is an Equality and Diversity Board member of her local Citizens Advice and Law Centre, Rohima Bibi works as a Coproduction Officer for a Special Education Needs and Disabilities Information Advice Support Service in London and Batseba Asefaw is Youth Programme Lead at Every Child Protected Against Trafficking (ECPAT UK).

We extend heartfelt thanks to our supporters, donors, patrons, team members, Trustees, and Associates for their invaluable contributions to the success and growth of the Stuart Hall Foundation.

The Stuart Hall Foundation’s core and programme costs have been supported by Trusts and Foundations (including Art Fund, Arts Council England, the Barry Amiel and Norman Melburn Trust, Centre on the Dynamics of Ethnicity (CoDE), Cockayne Grants for the Arts, a donor advised fund held at The London Community Foundation, David and Elaine Potter Foundation, The David Family Foundation, Esmée Fairbairn Foundation, Foyle Foundation, Garfield Weston Foundation, The Robert Gavron Charitable Trust, Hollick Family Foundation, Hutchins Center for African & African American Research, Routledge Taylor & Francis Group, The Yorkshire Consortium for Equity in Doctoral Education (YCEDE) and Unbound Philanthropy) as well as private donors and supporters.

In addition, we receive in-kind support from our academic and cultural partner organisations. In-kind support from academic partners, to cover the costs of scholarships and fellowships and from our cultural partners is estimated at £ £681,283. A more detailed outline of the received in-kind support can be found in the accounts below.

Our Board of Trustees, Associates and other supporters offer their time and expertise on a voluntary basis.

Financial Review

The Foundation made a deficit of £65,598 in the year (2023 – surplus of £16,201) but the overall reserve position of the Foundation at the year-end remains satisfactory with unrestricted reserves of £113,017 (2023 - £144,980) and restricted reserves of £25,391 (2023 - £59,026).

To address the growth of our organisation and build on this transformative moment in our development, we have expanded our team. This strategic move was crucial for delivering our programmes and intensifying efforts to secure sustainable funding. As we transitioned to a new phase in organisational development, we utilised our reserves to sustain our core and staffing costs during the period in which we are securing further funding. Despite the deficit in the previous financial year, we remain confident that we will be able to secure sufficient funding in future years to sustain the organisation and always meet our reserves policy of £50k.

Page 6

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2024 (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 (‘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 13 Trustees with wide international experience in finance, senior management, academia, the arts and creative industries and the media. 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 on a quarterly basis.

The Board is supported by seven Associates who support delivery of the Foundation’s Public and Academic programmes. The role of an Associates is voluntary, the Associates are not remunerated for their time.

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 (this policy is under review). 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 re-enactment 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

The Foundation is run by an experienced team of four part-time staff members, Orsod Malik, Executive Director, Harriet Fleuriot, Head of Programmes, Ilze Rieba, Fundraising and Operations Manager and Tayyab Amin, Administrative Assistant.

Page 7

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2024 (continued)

_____________

We continue to employ a part-time freelance fundraising consultant to support our fundraising efforts. To increase the capacity of the core team during busy periods we hire ad-hoc freelance consultants when necessary. The staffing structure will remain small to remain at low risk financially and reactive to the workload.

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 Vice-Chair or Treasurer 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 unrestricted funds stood at £113,017 on 31 March 2024 (2023 - £144,980). The Trustees remain of the view that a minimum level of free reserves of £50,000 roughly equivalent to three months of core operating costs, should be maintained. Given the increase in inflation and running costs in general, the board are conscious that they need to keep this figure under constant review. But they remain satisfied that the unrestricted reserves levels will be able to sustain any financial pressures in the coming year.

Plan for future periods

We have dedicated the last 3-years transitioning to strategically developing our programmes, running online and in-person activities, creating free-to-access digital learning resources across several mediums, developing organisational policies and practices, appointing an Executive Director and restructuring the team, implementing our Theory of Change and developing an evaluation framework. We have actively fundraised and cultivated a larger dedicated audience who regularly donate to us. Remarkably, all of these achievements have been accomplished by a team of just 3 core part-time staff members. We are now in an excellent position to take our work to the next phase by systematically evaluating our activities in alignment with our recently developed Theory of Change, working with grassroots organisations to expand the reach of our programmes into non-institutional spaces, and enhancing our capacity to continue facilitating the development of a new generation of creative practitioners.

Page 8

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2024 (continued)

_____________

We are at a pivotal moment in our growth as we further develop our activities to work in-service of the people and communities we seek to facilitate, mentor, and provide opportunities for. Our expanding programme will consist of:

We will continue to actively fundraise and strengthen relationships with our current and prospective funders, as well as our donors and supporters. Our goal is to develop a sustainable income strategy that supports our work over the long term. We are also working on developing internal organisational policies that align with our core values and mission, which will support our internal operations and foster our capacity to build and strengthen strategic partnerships.

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:

Date: 22[nd] January 2025

Gilane Tawadros – Chair

Page 9

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Trustees’ Report for the year ended 31st March 2024 (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 2024

_____________

We report on the accounts of the charity for the year ended 31 March 2024, 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 ADDITUDE LTD 9 Rhapsody Court Wakeman Road London NW10 5DF

Date: 21 January 2025

Page 11

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Statement of financial activities for the year ended 31st March 2024 (incorporating an income and expenditure account)

____________

Income from:
Note
Grants
and,Donations
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
£
81,538
-
681,283
762,821
-
115,173
681,283
796,456
(33,635)
-
(33,635)
59,026
25,391		 Unrestricted
£
5,039
3,775
-
8,814
14,682
26,095

-
40,777
(31,963)
-
(31,963)
144,980
113,017		 2024
Total
£
86,577
3,775
681,283
771,635
14,682
141,268
681,283
837,233
(65,598)
-
(65,598)
204,006
138,408		 Restricted
£
130,678
-
412,466
543,144
-
107,322
412,466
519,788
23,356
-
23,356
35,670
59,026		 Unrestricted
£
25,596
14,180
-
39,776
15,495
31,436
-
46,931
(7,155)
-
(7,155)
152,135
144,980		 2023
Total
£
156,274
14,180
412,466
582,920
15,495
138,758
412,466
566,719
16,201
-
16,201
187,805
204,006

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 2024

Balance Sheet as at 31st March 2024 Balance Sheet as at 31st March 2024 Balance Sheet as at 31st March 2024 Balance Sheet as at 31st March 2024
__________
Note 2024 2023 2024 2023
£ £
Fixed Assets
Tangible fixed assets
9		 9 9
--		 -
Current assets
Debtors 10 Debtors 10 6,377 7,591
Cash at bank 142,353 200,408
148,730 207,999
Creditors: amounts falling due within one year Creditors: amounts falling due within one year11 10,322 3,993
Net current assets 138,408 204,006
Net assets Net assets12 138,408 204,006
Funds 13
Restricted 25,391 59,026
Unrestricted:
General 113,017 144,980 113,017 144,980
Total funds 138,408 204,006

For the year ended 31 March 2024 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 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 2024

_____________

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 13 to the financial statements.

Page 14

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Notes to the Financial Statements for the year ending 31st March 2024 (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 2024 (continued)

_____________

3. Grants and Donations Restricted
Unrestricted
Unrestricted		 2024 2023
Total Total
£ £ £ £
Esmee Fairbairn Foundation Core 65,148 - 65,148 64,548
Esmee Fairbairn Foundation Plus - - - 7,470
Esmee Fairbairn Foundation uplift - - - 19,544
Arts Council England 3,190 - 3,190 19,360
CoDE Grant - - - 26,500
Cockayne Grants for the Arts - - - 8,000
HEE/Tavistock 3,200 - 3,200 4,800
Other Income and donations 10,000 5,039 5,039 6,052
Total Grants and Donations 81,538 5,039 86,577 156,274
4. Income from Charitable Activities
Restricte Unrestricte 2024 2023
d d Total Total
£ £ £ £
Ticket Sales - 3,775 3,775 14,180
Total Income from Charitable Activities - 3,775 3,775 14,180
5. Income from Charitable Activities 2024 2023
In-Kind Restricte Unrestricte Total Total
d d
£ £ £ £
Queen Mary University 48,528 - 48,528 24,264
White Rose DWP 106,995 - 106,995 76,425
The Hutchins Center 38,000 - 38,000 38,000
Sussex University 36,374 - 36,374 36,374
Conway Hall 3,100 - 3,100 3,100
University of Manchester 53,788 - 53,788 45,855
CHASE 101,838 - 101,838 50,948
Routledge Award 1,000 - 1,000 1,000
Edinburgh University 24,000 - 24,000 -
The Tavistock & Portman NHS Trust 120,000 - 120,000 108,000
TECHNĒ AHRC - - - 17,000
Midlands For Cities 23,334 - 23,334 -
Pluto Press 2,000 - 2,000 5,000
ICF 5,000 - 5,000 2,000
NorthWest Consortium 23,334 - 23,334 -
Scottish Graduate Schools 91,492 - 91,492 -
Highgate Cemetery - - - 2,000
Iniva Consulting 2,500 - 2,500 2,500
Total Income from Charitable
Activities In-Kind 681,283 - 681,283 412,466

Page 16

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Notes to the Financial Statements for the year ending 31st March 2024 (continued)

_____________

6. Expenditure on Charitable Activities

Staff costs (note 7)
Temporary Staff
Rent, Rates, Utilities
Consultancy
Comms and IT
Equipment
General Office and
Admin costs
Travel & Hospitality
Ind. Examination fee
Professional fees
Bank Charges
Programme costs
Add: allocation of
support costs
Total Expenditure
on Charitable
Activities		 Raising
funds
-
-

-
2,835
-
-
21
-
-
-
-
-
2,856
11,826

**14,682 **		 Charitable
activities
£
69,714
5,291
-
3,074
-
-
-
-
-
-
-
27,713
105,792
35,476

141,268		 Support
Costs
£
29,878
2,267
1,341
3,488
4,234
2,980
607
747
1,400
360
-
-

47,302
(47,302)
-		 2024
Total
£
99,592
7,558
1,341
9,397
4,234
2,980
628
747
1,400
360
-
27,713
155,950
-
155,950		 2023
Total
£
85,389
-
923
5,670
4,998
-
538
1,422
1,350
270
64
53,629
154,254
-
154,254

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 2024 (continued)

_____________

7. Staff Costs

Staff costs were as
follows:
Salaries and wages
Social security costs
Pension contributions
 2024
£
91,827
3,174
4,591
**99,592 **		 2023
£
80,175
1,584
3,630
85,389

8. Taxation

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

9. Tangible fixed assets

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

10. Debtors

Trade debtors
Prepayment and accrued income
1. Creditors: amounts due within 1 year
Trade creditors
Accruals and provisions
Other creditors		 2024
£
3,187
3,190
6,377
2024
£
5,525
4,051
746
10,322		 2023
£
7,591
-
7,591
2023
£
1,554
1,350
1,089
3,993

11. Creditors: amounts due within 1 year

Page 18

Stuart Hall Foundation

(Charity Reg. No: 1159343)

Notes to the Financial Statements for the year ending 31st March 2024 (continued)

_____________

12. Analysis of net assets between funds

Tangible fixed assets
Net current
assets
Net assets at the end of the year
13. Movements in Funds
Unrestricted funds:
General funds
Total unrestricted funds
Restricted funds:
Esmee Fairbairn Foundation Core grant
Esmee Fairbairn Foundation Plus grant
Arts Council England
CoDE Main Research Project 2
CoDe Mentoring Pilot
CoDe S/F Network Support
Cockayne Grants for the Arts
HEE/Tavistock
Other Donations
Gifts in Kind

Total restricted funds
Total funds		 Restricted
Funds
Unrestricted
funds
Total funds
£
£
£
-
-
-
25,391
113,017
138,408
25,391
113,017
138,408
At the
start of
the year
Incoming
resources
Outgoing
resources
At the
end of
the year
£
£
£
144,980
8,814
40,777
113,017
144,980
8,814
40,777
113,017
12,541
65,148
77,689
-
7,470
-
3,488
3,982
329
3,190
3,519
-
6,136
-
5,221
915
11,000
-
10,000
1,000
6,250
-
5,341
909
8,000
-
4,200
3,800
4,800
3,200
-
8,000
2,500
10,000
5,715
6,785
-
681,283
681,283
-
59,026
762,821
796,456
25,391
204,006
771,635
837,233
138,408

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.

Page 19