## **Trustees Report 2026** ## **Consolidated Accounts of the Bromley Arts Trust** ## **for the year ended 31 March 2026** Bromley Arts Trust Ripley Arts Centre, 24 Sundridge Avenue, Bromley BR1 2PX Tel 0208464 5816 Email: enquiries@bromleyarts.com www.bromleyarts.com Charity Registration number 1187209 1 ## **Bromley Arts Trust** Registered Charity Number: 1187209 ## **Report of the Trustees for the period from 1 April 2025 to 31 March 2026** ## **Table of Contents:** Report of the Trustees 3-6 Independent Examiner’s Report. 7 Consolidated Statement of Financial Activities. 8 Consolidated Balance Sheet. 9 Notes to the Accounts 10-14 ## **Trustees** Myra Kinghorn (Chair) Stuart Fleet (Deputy Chair from 30 January 2026) Lynne Powrie (Vice Chair to date of her death on 15 January 2026) Ben Evans …. (Appointed 1 May 2026) Mark Melton (Appointed 1 May 2026) Calvin Pike (Appointed 1 April 2025, resigned on 7 November 2025) ## **Address** Bromley Arts Trust Ripley Arts Centre, 24 Sundridge Avenue, Bromley BR1 2PX Charity Registration number 1187209 ## **Registered Independent Examiner** Jonathan Chartres FCA 31 Moor Park Road Hereford HR4 0RR ## **Key dates affecting the operations at Ripley Arts Centre 2020 to 2021** |6 January
2020|Bromley Arts Trust registered by the Charities Commission.
The CIO charity’s object is ‘ to advance education by promoting
and providing opportunities for the appreciation, understanding
and enjoyment of the arts in such ways as the trustees think fit.’
‘| |---|---| |31 January
2021|Effective transfer of assets staff and operations from Bromley
Arts Council to Bromley Arts Trust| 2 ## **Bromley Arts Trust 1187209 2026 Trustees Report for the year 1 April 2025 to 31 March 2026** ## **1. Year ended 31 March 2026:Summary** During the year ending 31 March 2026, the Board focused on implementing a comprehensive 3-year Business Action Plan to repair and enhance the building infrastructure, whilst carefully managing its finances. Noteworthy achievements included securing a significant and most welcome donation from the Murton Poole Charitable Trust for essential repairs and internal improvements, as well as navigating increased overheads due to rises in the national minimum wage. The Board also made strides in broadening the Ripley Arts Centre's appeal for future hirers, culminating in a successful well-received revitalisation launch event at the end of the accounting year in March 2026.This drew support from stakeholders, local officials, and artists, establishing a strong foundation for future growth and community engagement. Other important developments throughout the year included the following - a. Bromley Arts Trust hosted a variety of arts-related group activities and events, including concerts, music exams, children's revision courses, poetry circles, fine arts and art history classes, drama, tai chi, yoga, children’s coding, filmmaking and language classes. - b. In April 2025, the Board approved a three-year Business Action Plan focused on improvements and substantial repairs to the facilities which also necessitated, tight control of finances and at the same time exploring potential sources of funding, and some possible avenues for growth. Early progress included the receipt of a £36K donation from the Murton Poole Charitable Trust for building repairs and safety upgrades. This invaluable support enabled not only essential and timely expensive repairs to the electrical, heating and plumbing systems but also many more minor but timely repairs to the broken skylight, broken windows and facilitated the exploration of the necessary structural repairs to the 127-yearold Ripley Arts Centre building and its foundations. It also allowed for initial precautionary repairs to the cracked walls followed by redecoration of the three main ground floor rooms to ensure their safety as well as to enhance their comfort and attractiveness for current and future hirers. - c. The Board also continued with its overhead cost reduction programme, although this was held back by the need to reflect the Government’s imposition of an increase in the national minimum wage on the first day of the 2025.2026 accounting year which unfortunately had an impact on many of the overhead costs and this necessitated the same increase on hirers rates at the beginning of the second quarter of 2025/2026.A further increase in the national minimum wage with effect from 1 April 2026 also necessitates the increase in hire fees by some 6% from 1 July 2026. 3 - d. The charity organised and hosted a complimentary launch event to celebrate the repair and redecoration of the main three ground floor rooms, supported by donated refreshments, on Friday 27th March. This musical and artistic celebration received positive feedback and was well attended by key stakeholders, including: many current hirers, the then Deputy Mayor Councillor Gemma Turrell and her consort, as well as contributions from over eight current hirers. The programme featured piano, violin, flute, and also vocal performances of classical music, arranged and performed by Martin Sharpe of Bromley Music Makers and his accomplished team of five musicians, and a vocalist. Additionally, Fiona McSorley and Alex Keen delivered jazz performances on flute and guitar, with James Haycocks performing solo jazz piano. Artist Sara Captain also inaugurated her Bowie Universal Exhibition during the event. The charity extends its appreciation to all hirers, performers, and Sara Captain and other stakeholders for their roles in ensuring the success of the revitalisation launch at Ripley Arts Centre, which was hopefully an enjoyable afternoon for many. ## **2 The Board's other activities during the year to 31 March 2026** Board meetings were normally held monthly or two monthly throughout the year. In addition, the team of the Board’s Premises Committee continued to monitor, control and to report to the Board on premises repairs, health and safety and overhead budget issues. The Board was very saddened by the death of its Vice Chair Lynne Powrie in midJanuary 2026. Her dedication to the charity, her great experience together with her hard work and enthusiasm produced a highly valued contribution and generous giving of her time over a six-year period from the time that the Bromley Arts Trust was registered by the Charities Commission on 6 January 2020.She was an excellent colleague, and she made a very positive difference. In addition, the Board thanked Calvin Pike for his contribution on the Board for an eight-month period to November 2025. The Board also thanked the Business Manager and the members of her team not only for their excellent contribution to promote and support a very successful launch in March but also for their good work and assistance to the Board during the past year and looks forward to working with them going forward. ## **4. Financial Review** ## **a. Consolidated results for the year ended 31 March 2026** The outcome for the year ended 31 March 2026 was a surplus of £58K (2025 £21.2K). Total income for the year was £179K which had greatly increased its income when comparing it to the previous year of £153.1K due to the receipt of a very generous and much appreciated donation described earlier. Room hire income was £120K, a reduction of 8.5% on the previous year’s room hire income. Total overheads at £120.8K also reduced by 8.4% on the previous year’s overhead amounts. Similarly to the previous year, staff costs remained around 50% of the overhead amounts. 4 ## **b. Reserves as at 31.3.2026** Reserves carried forward amounted to £301.5K (2025 £243.7K) . An analysis of the Reserves is shown at Note 10 to the Accounts. ## **c. Going Concern** After making appropriate enquiries and considering that the current estimated value of the land and building of £1.8 million, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The 2026/2027 budget shows a small surplus for the year. As pressures continue to be challenging for the economy with the cost-of-living crisis, the operations team will continue to manage any unnecessary overhead costs going forward. For this reason, the trustees continue to adopt a going concern basis in preparing the consolidated accounts for the Bromley Arts Trust for the year ended 31 March 2027. ## **5. Statement of Trustees' Responsibilities** The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. In preparing the financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity to the requirements of the Charities Acts 2011 & 2022. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities . ## **7. The Trustees** The trustees who held office during 2025/2026 and also the two new trustees appointed on 1 May 2026 are listed on page 2. No funds were held by a Custodian Trustee. This report was approved by the Trustees on 15 July 2026 and signed on their behalf by the Chair and the Deputy Chair > . Bromley Arts Trust Ripley Arts Centre, 24 Sundridge Avenue, Bromley BR1 2PX Registration number 1187209 5 ## **Bromley Arts Trust Registered Charity Number 1187209** ## **Independent Examiner’s Report to the Trustees of the Bromley Arts Trust for the year to 31 March 2026** I report to the trustees on my examination of the accounts of the Bromley Arts Trust for the year ended 31 March 2026. ## **Responsibilities and basis of report** As the trustees of the Bromley Arts Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charites Act 2011. Having satisfied myself that the accounts of the charity are not required to be audited under section 144(2) of the Charities Act 2011and 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: 1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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 Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102). 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. Jonathan Chartres FCA 31 Moor Park Road, Hereford HR4 0RR 16 July 2026 6 ## **Bromley Arts Trust and its subsidiary Ripley Arts Centre Limited** ## **Consolidated Profit and Loss Account for the year ended 31 March 2026** **----- Start of picture text -----**
Year ended Year ended
31.3.2026 31.3.2025
Income
Room hire
operations
Friends 38,063 36,250
Arts and Charities 64,811 56,460
102,874 92,711
Subsidiary hire 17,532 38,894
operations
Total hire income 120,406 131,605
Other Income
Flat rental 18,601 17,256
Donations 36,530 871
Interest received 3,342 3,364
Total income £178,879 £153,095
Expenditure
Staff related costs 61,029 61,781
Premises costs 29,333 32,051
Utility costs 14,488 17,830
Office costs 4,954 6,320
Professional, audit 6,919 10,326
accounts legal
costs
Finance and 2,735 3,541
interest
Total Expenditure 120,846 £131,849
Surplus for the £58,033 £21,246
year
**----- End of picture text -----**
Bromley Arts Trust , Ripley Arts Centre, 24 Sundridge Avenue, Bromley BR1 2PX Charity Registration number 1187209 7 Bromley Arts Trust and Its subsidiary Consolidated Balance sheet at 31 March 2026 31 March 2026 31 March 2025 Fixed Assets Land & Buildi Investment 1000loshares in Ri Current Assets Debtors ,' Accrued 2025,2026 income eamed Nal west Bank Current assets 186 713 Arts Centre Limited 100 11.036 648 188373 3,114 134.059 137 273 ' Totsl assets 323 986 Curr•nt Ilabilities Hirers de sits id in 2025.2026 ' Overhead creditors Deferred inc%)rne Accruals i Amounts due to third arties Bromle Arts Festival Grant Provision for Future Building and Grounds Restorats'on work Amounts due to the Pensions Trust 24,709 9,592 8.251 3.523 7.834 21,508 3.449 1,644 11.206 11.206 400 409 Future Liabilltles Natwest lon tem loan Total Liabilities 25,682 32,199 Total Net Assets ui Reserves brou ht forward at 1 Surplus for the year ended 31 March 2026 Reserves at 31 March 2026 243,720 58.033 222,474 21.246 £301753 This report ¥Yas approved by the Trustees on 15 July 2026 and signed on their behalf by Chair Stuart Fleet- Deputy Chair ## **Notes to the Accounts** ## **1. Accounting Policies** ## **Charity information** Bromley Arts Trust is a charitable incorporated organisation which was registered by the Charities Commission – number 1187209 on 6 January 2020, whose operations are currently based at its property at the Ripley Arts Centre. ## **Basis of Preparation** The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), published in September 2015. The charity is a public benefit entity for the purposes of FRS 102 and therefore the charity also prepared its financial statements in accordance with the 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 (The FRS 102 Charities SORP) (effective January 2015)’, and the Charities Act 2011. The financial statements are prepared in sterling, which is the functional currency of the charity. The financial statements have been prepared under the historical cost convention, on a going concern basis. Monetary amounts in these financial statements are rounded to the nearest pound. ## **Recognition of Incoming Resources** - These are included in the Statement of Financial Activities (SOFA) when: -  The charity becomes entitled to the resources. - The Trustees are virtually certain they will receive the resources; and - The monetary value can be measured with sufficient reliability. ## **Incoming resources with related expenditure** Where incoming resources and relayed expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reports gross in the SOFA. ## **Grants and Donations** Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## **Tax reclaims on donations and gifts.** Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. 9 ## **Contractual Income and Performance related** This is only included in the SOFA once the related goods or service have been delivered. ## **Gifts in Kind** Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## **Donated services and facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable, and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## **Volunteer help** The value of the Voluntary help received is not included in the accounts but is described in the Trustees’ annual report. ## **Investment Income** This is included in the accounts when receivable. ## **Investment gains and losses** This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## **Expenditure and Liabilities Liability Recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## **Governance costs** These include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. ## **Grants given with performance conditions** Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. 10 ## **Grants payable without performance conditions.** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. ## **Support Costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g., allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Liabilities and provisions** Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. ## **Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. **Note 2 Analysis of consolidated charity and its subsidiary incoming resources** **----- Start of picture text -----**
31.3.2026 31.3.2025
£ £
Other income
Donations 36,530 871
Gift in aid 0 0
Interest received 3,342 3,364
39,872 4,235
The charity received a donation of £36,000 to fund
premises and costs which was held in a separate
fund.
Activities for generating funds 17,532 38,894
Investment Income 18,601 17,256
Incoming resources from charitable activities 102,874 92,711
£178,879 £153,095
**----- End of picture text -----**
11 ## **Note 3** |**Analysis of resources expended**|**31.2.2026**|**31.2.2026**|**31.3.2025**|**31.3.2025**| |---|---|---|---|---| |Costs of generating voluntary income||17,644||38,975| |Fundraising /trading costs||0||0| |Charitable activities||103,202||92,874| |**Resources expended**||**120,846**||**131,849**| ## **Note 4** |**Paid employees**|**Year ended**
**31.3.2026**|**Year ended**
**31.3.2026**|**Year ended**
**31.3.2025**|**Year ended**
**31.3.2025**| |---|---|---|---|---| |4.1**Staff costs**
Gross salaries and benefits in kind
including redundancy costs.
Employers pension costs
Employers NI contributions in the year
ended 31 March 2026 were covered
by the small business exemption.|

|57,976
2,409
60,385||58,218
2,644
60,862| |4.2 Average number of fulltime
equivalent employees
Charitable activities
Support staff
Total staff||1.7
0.0
1.7||1.8
0.0
1.8| ## 4.3 Defined contribution scheme A contributory pension scheme is operated by the Pensions Trust. There were 4 (2024/2025 -4) members of staff participating in the scheme. ## **Note 5 Tangible fixed assets.** As reported in the first 31 March 2021 accounts, the premises were transferred to the Bromley Arts Trust in January 2021 from the Bromley Arts Council at the net book value of £186,713. The freehold property, which is known as the Ripley Arts Centre, is located at 24 Sundridge Avenue, Bromley. It was professionally valued in November 2024 at £1.8 million. ## **Note 6 Investment** The charity has a 100% shareholding in its trading subsidiary Ripley Arts Centre Limited which became active in May 2021, when COVID lockdown restrictions eased in May 2021 and the charity’s hire activities were re-commenced. 12 The charity provides all the support and services for the commercial activities of its subsidiary and allocates its overheads on the basis the percentage the subsidiary’s hire income of total income for the charity and the subsidiary income. For the year ended 31 March 2026 the percentage was. 14.6% (2025 29.5%). Note 11 sets out the subsidiary’s results and balance sheet for the year ended 31 March 2026. **Note 7 Debtors** **----- Start of picture text -----**
31 March 2026 31 March 2025
**----- End of picture text -----**
|**31 March 2026**
**31 March 2025**|**31 March 2026**
**31 March 2025**|**31 March 2026**
**31 March 2025**|**31 March 2026**
**31 March 2025**|**31 March 2026**
**31 March 2025**| |---|---|---|---|---| |||||| |Amounts falling due within one
year.
2025/6 Income invoiced and paid
in April 2026||11,036
648
11,684||3,114
0
3,114| Debtors and Deferred income has been shown net of £33,643 which was raised in the accounting records as a holding mechanism to retain priority booking for a more detailed timetabled of future hires from June 2026 to 2027 and possibly beyond 2027. Until firm bookings are made, the no income can be recognised by the charity, and amounts are shown in the balance sheet as hirers deposits. **Note 8 Creditors and accruals.** **----- Start of picture text -----**
31 March 2026 31 March
2025
Accounts Payable 0 2,017
Deferred income 9,592 7,834
Hirers Deposits paid in advance 24,709 0
Provisions for implementing the 11,206 11,206
Board’s future Repair and
Grounds Restoration Work
Programme
Amounts due to the Pensions 400 409
Trust
Bromley Arts Festival Grant 1,644 1,644
Amounts owed to third parties 3,523 3,449
Accruals 8,251 21,508
59,325 48,067
**----- End of picture text -----**
Repayments of the long- term loan including interest are estimated to amount to £8,274 in the 12 months to 31.3.2027. ## **Note 9 Long term loan.** NatWest Bank long term loan of £53,000 was drawn down on 13 January 2021 and is repayable over an eight- year period. The interest rate is 3.67% over base rate. Repayments of capital amounts commenced on 13 August 2021 after a six- 13 month repayment holiday was provided by the bank due to the Government lockdown in early 2021. ## **Note 10 Analysis of Reserves at 31.03.2026** **----- Start of picture text -----**
31.3.2026 31.3.2025
£000 £000
Land and Buildings 186.7 186.7
Designated Reserve 46.0 0.0
Operational Reserve 62.5 55.9
General Reserve, 5.8 1.1
301.0 243.7
**----- End of picture text -----**
The Designated Reserve of £46K is held to undertake essential external and internal repairs to the 127-year-old Victorian building and the grounds in the short term. The Operational Reserve follows the charity’s Reserve Policy agreed by the Board in earlier years to ensure that the charity can meet its staff and overhead costs for the six-month period following the 2025.2026-year end. ## **Note 11 Related party transactions.** There were no related party transactions during the period apart from the charity operating the subsidiary’s hire operations during the period. No trustee received either remuneration or benefits- in-kind during this period. 14 ## **Note 12. Ripley Arts Centre Limited results for the year ended 31 March 2026** **----- Start of picture text -----**
Profit and Loss Account 31 March 31 March
2026 2025
Ripley Arts Centre Limited 17,532 38,894
hire income for the year
Share of overheads 2026 17,644 38,975
14.6% x£120,846 (2025
29.5%x£131,605)
Service charge
Hire income (loss) for the (112) (81)
year ended 31.3.2026
Loss brought forward (5,175) (5,094)
Loss carried forward (5,287) (5,175)
**----- End of picture text -----**
## **Ripley Arts Centre Limited Balance sheet as at 31 March 2026** **----- Start of picture text -----**
31 March 31 March
2026 2025
Bank 100 100
Amount due to charity (5,287) (5,175)
(5,187) (5,075)
Share capital 100 100
losses carried forward (5,287) (5,175)
(5,187) (5,075)
**----- End of picture text -----**
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