REGISTERED COMPANY NUMBER: 10658248 (England and Wales) REGISTERED CHARITY NUMBER: 1173071
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Antepavilion Ltd
(A Company Limited by Guarantee)
Nielsens Chartered Accountants The Gatehouse 453 Cranbrook Road Ilford Essex IG2 6EW
Antepavilion Ltd
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Antepavilion Ltd
Report of the Trustees for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The charity's aims are to advance the education of the public in art and architecture, particularly but not exclusively for the people of Hackney.
ACHIEVEMENT AND PERFORMANCE
Charitable activities & public benefit
This year the charity again operated our annual art and architecture prize, The Antepavilion Commission. This unique initiative offers emerging architects, artists and makers an opportunity to create new work for public display within the Columbia and Brunswick Wharf complex. This year's winning entry was Antechamber, a collapsible camera obscura by Studio Nima Sardar. Also this year, for the first time, the annual commission was augmented by a special early summer workshop in which the spectacular tensegrity structure, All Along the Watchtower, was constructed by a team of volunteers working under the title of Project Bunny Rabbit.
The wharves complex is a unique urban environment, situated on the Regents Canal in Haggerston, that hosts a wide range of independent arts and now commands widespread recognition locally not only in East London but increasingly, also nationally and globally. Further information can be found on our website www.antepavilion.org.
The commissioning and exhibiting of contemporary architectural and other a 3D works and the hosting of various debates and talks alongside the provision of affordable studio spaces in the heart of London have continued to further our objectives, specifically to advance the education of the public in art and architecture, particularly for the local people of Hackney.
Through examination and discussion of the art-craft-architecture continuum we aim to develop appreciation of the importance of promoting a balance between them in our ever-commercialising and over-regulated urban realm. The completion of our study this year on self-build architecture that aimed to survey and explore the alternatives to prevailing modern design and prescriptive living culminated in the publication of the book Architecture and Anarchism. It documents and illustrates diverse projects that embrace a libertarian ethos and self-organised ways of building.
Provision of affordable studio spaces serves to reinforce this by maintaining a creative presence in a city where ever increasing rents threaten London's status as a world-class creative hub.
Projects over the year have been attended by thousands of members of the public. We have successfully involved university students with our artists, architects and performers, helping to further the creative development of young minds.
We are grateful for the support received throughout the year from sponsors and especially volunteers whose time and effort have helped make this year a resounding success.
We believe that these activities meet the Charity Commission's criteria of providing education in the fields of art and architecture for the benefit of the wider public and mankind in general.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, being the Memorandum and Articles adopted on incorporation on 8 March 2017, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
The charity's constitution requires that a minimum of three directors hold office at any given time.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10658248 (England and Wales)
Page 1
Antepavilion Ltd
Report of the Trustees
for the Year Ended 31 March 2022
Registered Charity number 1173071
Registered office
53 - 55 Laburnum Street London E2 8BD
Trustees
I Askari Asset Management Sales Manager R R Patel Property Designer M S Keshani Vp, Operations
Independent Examiner
Dipakkumar Shah FCA Nielsens Chartered Accountants The Gatehouse 453 Cranbrook Road Ilford Essex IG2 6EW
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 16 December 2022 and signed on its behalf by:
R R Patel - Trustee
Page 2
Independent Examiner's Report to the Trustees of Antepavilion Ltd
Independent examiner's report to the trustees of Antepavilion Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Dipakkumar Shah FCA Nielsens Chartered Accountants The Gatehouse 453 Cranbrook Road Ilford Essex IG2 6EW
16 December 2022
Page 3
Antepavilion Ltd
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2022
| 31.3.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Charitable activities Unrestricted 142,517 Investment income 2 4 Total 142,521 EXPENDITURE ON Charitable activities Unrestricted 138,648 NET INCOME/(EXPENDITURE) 3,873 RECONCILIATION OF FUNDS Total funds brought forward 5,101 TOTAL FUNDS CARRIED FORWARD 8,974 |
31.3.21 Total funds £ 1,002 142,627 2 143,631 155,914 (12,283) 17,384 5,101 |
|---|---|
The notes form part of these financial statements
Page 4
Antepavilion Ltd
Balance Sheet
31 March 2022
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Stocks | 5 | 16,856 | - |
| Debtors | 6 | 3,330 | - |
| Cash at bank and in hand | 40,190 | 36,588 | |
| 60,376 | 36,588 | ||
| CREDITORS | |||
| Amounts falling due within one year | 7 | (51,402) | (31,487) |
| NET CURRENT ASSETS | 8,974 | 5,101 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 8,974 | 5,101 | |
| NET ASSETS | 8,974 | 5,101 | |
| FUNDS | 8 | ||
| Unrestricted funds | 8,974 | 5,101 | |
| TOTAL FUNDS | 8,974 | 5,101 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2022 and were signed on its behalf by:
R R Patel - Trustee
The notes form part of these financial statements
Page 5
Antepavilion Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Deposit account interest | 4 | 2 | |
| 3. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Other operating leases | 80,000 | 60,000 |
Page 6
continued...
Antepavilion Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
5. STOCKS
| Stocks 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accrued expenses 8. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 5,101 TOTAL FUNDS 5,101 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 142,521 TOTAL FUNDS 142,521 |
31.3.22 31.3.21 £ £ 16,856 - 31.3.22 31.3.21 £ £ 3,330 - 31.3.22 31.3.21 £ £ 30,031 21,616 8,531 9,031 12,840 840 51,402 31,487 Net movement At in funds 31.3.22 £ £ 3,873 8,974 3,873 8,974 Resources Movement expended in funds £ £ (138,648) 3,873 (138,648) 3,873 |
|---|---|
continued...
Page 7
Antepavilion Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.20 £ Unrestricted funds General fund 17,384 TOTAL FUNDS 17,384 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 143,631 TOTAL FUNDS 143,631 |
Net movement At in funds 31.3.21 £ £ (12,283) 5,101 (12,283) 5,101 Resources Movement expended in funds £ £ (155,914) (12,283) (155,914) (12,283) |
Net movement At in funds 31.3.21 £ £ (12,283) 5,101 (12,283) 5,101 Resources Movement expended in funds £ £ (155,914) (12,283) (155,914) (12,283) |
|---|---|---|
| (12,283) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.20 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 17,384 | (8,410) | 8,974 |
| TOTAL FUNDS | 17,384 | (8,410) | 8,974 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 286,152 286,152 |
Resources Movement expended in funds £ £ (294,562) (8,410) (294,562) (8,410) |
Resources Movement expended in funds £ £ (294,562) (8,410) (294,562) (8,410) |
|---|---|---|---|
| (8,410) |
continued...
Page 8
Antepavilion Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 9
Antepavilion Ltd
| INCOME AND ENDOWMENTS Donations and legacies Gifts Investment income Deposit account interest Charitable activities Fund raising events Rent and services receivable Book sales Total incoming resources EXPENDITURE Charitable activities Other operating leases Rates and water Light and heat Cleaning & sundries Commission & study Event costs Publishing Support costs Management Postage and stationery Sundries Computer and internet costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
Detailed Statement of Financial Activities for the Year Ended 31 March 2022 31.3.22 31.3.21 £ £ - 1,002 4 2 - 682 137,213 141,945 5,304 - 142,517 142,627 142,521 143,631 80,000 60,000 19,383 18,054 3,464 16,147 1,346 998 25,977 43,500 - 14,377 5,965 - 136,135 153,076 61 - 159 158 1,433 1,816 1,653 1,974 7 24 853 840 138,648 155,914 3,873 (12,283) |
|---|---|
This page does not form part of the statutory financial statements
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