PADDINGTON ARTS TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company No. 2224403 (Registered in England & Wales) Registered as a Charity Charity No. 298879
PADDING'I'ON ARTS LEGAL AND ADMINISTRATIVE INFORMATION Dlrectors Alan Hayllng (Chairl Ang@la Piddock {Vic8 chair> Laandra Box {Secretsry> Alan Lazarus (Treasurer) Allson Slanley Adele Brailhwaltè Pat Buckley Lionel Mccalman James Small-Edwards (Reslgned 4 Oecember 2024) Ansel Wong (Resignad 4 December 2024) Hamza Taouzzale Cheryl Jos6ph Tracey Weekes Valerie Chang (Appointed 4 Decembèr 20241 Sophle Morrls-while (Appolnted 4 08c8mber 2024) Alan Lazarus and Hamza Taouzzale are due to retire and may be re-818Ct8d at the next annual g8neral meeting Company Reglstered Number 2224403 Charlty Reglsterod Number 298879 Reglst6r6d Offlce 32 Woodfleld Road, London W9 2BE Prlnclpal Operatlng Office 32 Woodfield Road, London W9 2BE Chlef Executlve Stev8 Shaw Accountants Henderson & Co, 87 Devonshire Road. London N13 4QU Bankers M8tro Bank, 1 Southampton Row. London, WC18 SHA Staff Team Chief Executive - Steve Shaw Adminislralor- Steve Roberts Finance Worker- Dlpa Kotak Performing Arts Man8ger- Eldora Edward Emollonal Support Worker- Melissa Desbonnes
PADDINGTON ARTS The Trustees, who are also directors of the charity for the purposes of the Companies Act, submil their annual report and the accounts of Paddington Arts (the company) for the year ended 31 March 2025. The Trust6&s confirm that the annual report and financial statements of the company comply with current statutory requirements. the requlrements of the company's goveming document and the provlsions of the Statement of Recommended PFactlce (SORPI "Accounting and Reporting by Charities" issued in March 2005. Structure, Governance and Management Governlng Document The company is registered as a charitable company limited by guarantee and wes sat up by Memorandum of Association on 3 March 1988. It is registered as a Charity with the Charities Commission. Appolntment and Recrultment of Trustees The Manag8menl of the Company is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association of the Company. Induction and Tralnlng of Trustees Prosp8clive Directors attend several board meelings as non-voting Observers before they are considered for co-option or election to the main board. Usually new Directors bring with them valuabl8 knowledge and skills from which the organisation benefits greatly. If any Direclors feel they require any specific training at any time. relevant courses are offered subject to availability- Paddinglon Arts arranges group training sessions for the Board around legal and responsibility issues. Organlsatlonal Structure Paddington Arts has a Board of Trustees of up lo 15 members who meet approximately every six weeks. The Board of Trustees is responsible for the strateglc Dlreclion and Policy of the Charily and 6nsuring that the work done by the charity remalns within the Charity's Objectives. The Chief Executive is responsible for all operational matters and reports lo the Board of Trustees al every Board meeting. The Chief Executive manages the staff, building and other resources as directed by the Board of Trustèes. Objectlves and Activities Thé principal objectives of the company are to= Advance education through the promotion of the arts. wlth particular but not exclusive reference to the fields of dance, drama. and video
PADDINGTON ARTS Advance education through the provision of training in the fields of muslc, drama. dance. film and vldeo production. and other arts and media skills. Provid& recreational facllilies with the objecl of improving the conditions of life of the beneflclaries, provided that those persons have need of such facilitlas by reason of their youth, age, infirmily or disablement, poverty or social and economic circumstances. Strategles to Achleve Objéctlvas The Company achi8ves Ils objectives by: Bulldlng on currènt attend6es to reach new young people Includlng a fo¢us on social exclusion and speci81 needs groups 08veloplng and refinlng the current workshop programme Explorlng the area of accr8dllation, and the possiblllty of runnlng daytlme activlti8s for 14 -19-year-olds Fundlng - ensuring sufflcl8nt money Is available lo d811ver our programmè and develop new Initiatives Equallty and DIv8rslly- keeping policles and practlce under r8vl8w lo ensure Incluslon of those chlldren and young people most In need Bulldlng use - r8vlewing the costs and benefits of renting out the building and the balance between Paddlngton Arts 8nd non-Paddington Arts use Belng aware of our competitors and maintaining our unique selling polnts Key Achlevements th18 yèar Workshops.. We malntained our programm8 covering Dance, Orama, and Steelpan for the followlng age groups: 6-10s, 11-15s and 16-26. Projects: _ Art8 In Schools- Thls year we worked with seven schools- two secondary and flve prlmary (includlng two speclal needs schools), dellverlng dance. spoken word. photography. visual arts, and carnival arts. Emotlonal Support Programme We continued to provlde one40-one support for young pèople In n88d of confidential talk wlth trusted adull. Carnlval We took a break from Camlval In 2024. Trlps We look len chlldren to Paddington Fam In Glastonbury as part of our Summer Hollday Prograrnme. Performances Our annual show was the music81 'Annie 2024., held over three nights- Wo also held a Christmas show over two nights and a Party.
PADDINGTON ARTS Carnival Photos Artwall- Launch at QEII School We had two events- an aftemoon one for school studenis, staff. family and friends, and an evening event, attended by family. friends. counoillors. and council officers. The Arhvall public art exhibition has been very well recelved. Carnival On Film A séries of videos and films about our engagement with Notllng Hill Carnival 1980 -2023, produced by Steve Shaw. was shown to an appreciative audience, many of whom were featured in the films. Youth Media Project - Pathways A group of around 7 students, age 16 lo 21 met weekly to discuss. leam and produce video content. focusing on people and events in North Paddington. Bulldlng Development: We had a orant from the Carbon Reduction Fund to produce a Feaslbllily Study on how best to réduce energy use and carbon emlssions from our existing building We received funding from John Lyon's Charfly to build a new Disability Toilet and Shower room We Gontlnued with RIBA Stage 4 technical developrn8nt in respect of our building programme which was completed in December 2024 We had several meetings with WCC about supporting us with our building programme, and the Council approved a grant of£2.7m Our own fundraislng efforts produced £830.000 for our capital programme, so we were in a position to appolnt a contractor and slart the building programme Inlerns We had a total of seven iniems. all from American universities. They all wrote blog posts for our website about thair experiences in London Future D8volopments Our plans for the coming year include the following: Bulldlng Dèvelopment. The next phas8 Is th8 Building Phase. with work due to commence July 2025, and finjsh July 2026. We intend to stay open throughout the building programme. and continue to run our programme as far as il is possible. Existlng Projects. Continuation of activities established in the year under r8view: After-school workshop programme; Emotional Support Programme: Camlval Reserves Pollcy Paddington Arts has a R8S8rv8s Policy, of which the maln points are as follows: Paddinglon Arts regards it prudent lo build up reseNes: cover for any cash flow difficulties duè to late payment ofgrants or Involces. or grants paid in arrears provide an emergency fund in thè event of a financial crisis or closure
PADDINGTON ARTS provide funds to maintain Ihe building in gC repair and carry out planned or émergency renovations. renewals and additions. provide a fund for equipment replacement or renewal provide a fund to contribute towards projecls that Gan't be fvnded otherwise The present level of reserrfes is adequate to support the continuation of the company's acllvlties for up to six months. and the directors consider the financial position of the charity lo b8 satisfactory. R18k managernont The Trustees have assessed the major risks to which the cornpany is exposed. In particular those related to the operations and finances of the company. and are satlsfied that syslgms ar8 In place to mltlgale our 8xposure to the major risks. Trustees R98ponslbllitle8 Company law requires the directors to Prepa financlal statements for each finan¢Sal year. whlch give a true and fair view of the state of affaits of the company and of the profil or loss of the company for that perfod. In preparing those financial statements. the dlr8Ctors are requlrèd lo: Select sultable aCUnting pollcles and Ihen apply them consistenlly-, Maka judgement and estimales that are reasonable and prudenl: Follow applicable a¢¢ounting standards. subject to any material departures dis¢los8d and explained in Ihe financial statements: Preparè the financial statements on the going concem basis unless ti is inapproprlale to presume that the company wlll conilnue in buslness. The dlreclors are responslble for kéeping proper ac¢ounting records whlch disclose wlth reasonable accuracy at any time the financial position of the company and lo enable them to ensure that the financial statements comply with the Companies Act 2006. They ar8 also r8sponsible for saf8guardlng the assets of the company and h8nce for taking r8asonable steps for the prevention and detection of fraud and other irre9ukrities. Results The results for the year are summarised on page 9 and set out in detail on pages 16 to 17. Flxed Assets Changes in fad assets are set out in note six to the financial statements.
PADDINGTON ARTS Accountants The accountants. Henderson & Co.. will be proposed for reappointment in accordance wlth thé provisions of the Companies Act 2006. Taxatlon Status Charitable exemption und8r S8Ction 505 of the 1988 Income and Corporation Taxes Act has b88n received. This report, which has b88n prepared taking advantage of special 8X6mptions applicable to small companies, was approved by the board on 23 October 2025 and signed on their behalf. Leandra Box Secretary
I'AI)DIN(i'l'ON ,IR'I'S liiélepgiirfleiil e.iiiiiiiiier'5 replpri uii rfhe iic'LiJiiiiI.¥ Seclion A Independent ExAminer's Report Ilcporl t() the trii.%tLbLisI(lirL'Ltihr.41 lliLaniliL'rs 'k%l)l)IN(.'I'().N' ..KR"I'. On #LL¢)unl% for tIiL )'i'#r 31 Mdrcl) ?0?5 Cliarity no.. ?9887() Coinpany no.: 2??4403 SL'I out p.lges 9tu 15 IILb41)eetiVL' rL'sp()n_%ibilities (bl. li'u51L'LS :111(l L'xaniinL•r -I'h¢ injsiees {who arc also ilie directors vl. the company lor the purposes of Loliipiiny laivl are rL'sponsiblL for Llie prLPlc ralion ofihe accounts in aLcordancL with ilic reqliiremenls ol- IIIL. Companics A¥1 ?UU6. 'fiie cliarii), s trusiees LOI)sider iliat dll aiidil 1% wjo¢ re4LiifLd lor this yeJr undLf SLLlion 144 of tlie CliaritiLS Act ?0 I I Iil)e Lh¢irilies ALI) Kind tl)at dn ii)depeiideni L.X411ll1llttlion is nccded. I'l'hL Ll)arity's giro¥s inLoiiie exceLdLd £?5U.000 nd l ani qualilied io underiakc the examination by being a qualiliLd inember of ICAF.W. li k.% my responsibility lo: e.xasnine tIIc LCI)unlS Linder seciion 145 Ol- Ihe Charities Aci, lo lolloiy the proLedurLs Idid doivn in iliL giL"nLral l)ireLiions gJivL'n by ihe Ch£iriiy C()IDmission luiidLf SL'Llioii 145(ii{b) ofihc Ll)arities Aci. and to slalL' whLihLr particular iiiallL"ts have coinc lo iiiy atieniion. 11£15iS nf iiidL'pL'ndL'nt My examinaliun was Larricd oul in a¢Lordai)ce with gvLncral Direciions given by ilie LXdiJiiiriLr's stiltL'niLint Charity Comniissioii. Lxaininaiion inLludLS a review of the aLL(iunling reLords kept by thL chJiily dnd a cc)iiiparison ul- IliL dLcounls pr¢sL"nied witli iliosc rLL()rds. It dl_%(Tr inLludes considcraliuii vfJn)' uiiusual ilL"tns or disLlosurcs in thL IiLCOUIIIS. ai)d SLLkinuJ ¢xplJnaiions Irom ihi trusteLS Loiicerningi an), sucli i))al(Lrs. TIIL proLLdurc5 undLriakLn do provide all iliL eYidenL¢ thai would bL rLquired in audit. dnd consequLntly no opiiiioi) is &iivcn 10 wIILihcr the aLcouni% preseni a "Iriie and lair viL'iv and ihL fL"POrt is limitLd 10 ihosL iiiallcrs sei out li) tlie statLlllLnl h¢l()Iv.
S)ADDIN(J I l)N AR'I'% 'ILL()IinlinLJ recor(l% IiavL iioi bLLn kL'Pt 111 :ILLord£ince willi SLLlioii 386 ul. tliL IIIL ilLLI)unl% do iiol clLLI)rd iviil) SULII rLLI)rd%: ikJnLd: O l NoveiiibLI' ?025 Mi., Kii.; A(.'A N13ilVII SeLilon B Dlscloyur¢ N()IlL
PADDING'foN ARTS StAtement of Fin#nci#l Activities For the year ¢Dded 31 MArch 2025 InconiL Note Unrestricted Funds Restricted Funds Res¢ri¢ted Funds Total Funds Tot#1 Funds New Buildin 2025 2025 2025 202S 2024 Grants and donations Sales and rental income Interest receivable Gift Ald Total Income Gronts lor the Ntw Buildimg-WCC Gr8rtt- Ntw Bwilding-john Lyom5 125.721 72,866 8,329 2,935 135,739 7,980 261,460 80,846 8,329 2,935 353 570 206,101 33,700 219,163 126,144 5,912 143 719 351219 108,OUO 206,101 33,700 239.801 Total Income inclusive of Buildin Grants 209.851 143,719 593.371 459,219 enditure Pro&>ramines and Siaff CosL8 I'ravel costs Accommodalion cos(s Administration expenses Depreciation Toial Expeiiditure 120,436 605 74,099 10,964 129,001 107 249,437 712 88,648 10,964 229,260 I,ooi 77,370 12,854 14,549 209 136 170 450 379 586 350 805 {Deficit) I Surplus for tbe ear Bullding Fund for the year Carrled Fonvard Ileserves l Building Fund Brou ht Forward 715 -26,731 -26.016 414 239,801 239,801 108,000 125870 1083 767 108 000 1317637 1209 223 Reserves l Building Fund Carried Forwurd 126 585 1057036. 347 801 1531422 1317 637 Without de reciAtion (De(Icit) I Surplus for the ye4r 'rhe company has no r¢cognised gains or losses oiher than lh¢ surplus or deficit tor the above two financial years. All incoming income and expendiiur¢ derive from continuing activilies. The notes on pages I I to 15 fonn part ol. these financial siaiemenls.
PADDINGTON ARTS Blanee Sheet 31 Mr¢h 2025 Note 2025 2024 Fixed Assets 1,131,448 963,321 Current Assets Cash al bank Debtors 494,542 410.634 S05,531 494,372 Curreni LIAbllltles Cr¢diiors 105 557 140 056 399,974 N¢t Assels Fund¥ of tlie Charlt Unrestrlcted Reserves RcstrlLILd Ileserves RLstrlcted Funds- Now Bullding 126585 1057 036 347 125 870 1083 767 108000 1,531.422 ror ihe year ending 31 March 2025, Ihc company was enliil¢d to exemption fmm audit under sec(ion 477 ofihe Companie5 Acl 2006 relaiing lo small companies. 1.he Inembers hitVL noi r¢quired the company to obtain an audil in accordance with section 476 of the Companiey Aci 2006. 'I'he dircclors 8cknowledgc tlieir responsibili11¢5 for complying with the requiremenis of the . Companies Acl with r¢specl lo aL¢ounting record5 the preparation of accounts. These Mccounts have been prepared in accor(lance with the provisions Applicable 10 small companies. subjeLI to Ihe small companies, regime and in Rccordance with FRSI 02 SORP. Tlie financial slal¢ments wcrc approved by the board on 23rd October 2025 and sign¢d on its behalf. Dire -A.Ha TreAsurer-__ A. Lazarus The notes on pages 1110 1 S lorm parl of ihese financial statements. 10
PADDINGTON ARTS Notes to the FiD4llcial St#ternents' For the ye4r ended 31 M2reb 2025 Accountin Policies (a) BASIS of Prepgrntio These accounts hr¢V¢ been prepared under Ihe historical cost convenlion with items recognised at cost or transaction value unless otherwise slaied in the relevani note(s) to these accounts. The gccounts have been prepared in aecordance wiih: Ihe Statemeni of R0MMended Practice: Ac¢ounting and Repx)rtiDg by Charities preparing Iheir accounis in accordance with the financial Reporiing Sthndard applicoble in ihe UK and Republic of Ireland (FRS 102) issued on 16 July 2014. the Financial Reporting Standard applicable in Ihe United Kingdom and Republivof Ireland (FRS 102), and with Charities Act 2011 The charily constitutes a public benefii eniiiy as defined by FRS102 (b) Ineome and expenditure Grants and similar income are accounled for on an accrual's basis. Oiher sources of income received on a less regular basis are crediled to the income &nd ¢xpenditure accouni when received. Expenditure includcs ilerns. which have been paid. as well as those cost$ incurred but nol paid at the balance sh¢ei dale. {¢) Flxed AgS¢tS depreciation Depreciaiion is c8lculaied io write down the cosi of all fixed assets lo iheir cstimated residual values by equ81 annual insialmcnts over the pericd of thcir estimated Lbseful lives. whi¢h are cOldered io be lour year5. Builain¥ is being depreciated at 2Y• per annum. (d) Gr4nts llnd donA¢lons r¢l8tin8 lo fixed Assets Granis and don81ions. which hav¢ been providcd specifically for the purchase of fixed assets. are credited to revenue in Ihe year of receipl. Fixed assets dMated are c8Pit&lised in the balance sheet and included as grants and donations ift the revenue accounL (e> Crants and donations rel*ling to Builditsg Fund GranLS and donalions given specifically for ihe land and for the improvemenl and extension to the existing building are included in the resiricled r¢serves in the Bslancc Sheei. Income The Charity's income consists mainly of grants from trusts and foundations plus selr- generaled income from the hiring oul of prcmise& cquipmeni and other activities. Tax4lion 1.hc Chariiy has received exemplion under Seciion 505 of the Income and Corpor&iion Taxes Aci 1988. No provision for Corporation Tax has aordInglY been provided in these financial statements. lo The average numb¢r employed by the Chllrily. excluding directors. wa5 seven (2024 - seven). There are 3 full lime staff. 4-part time siarr. and a number of freelanc¢ tutors paid via th¢ payroll. The costs incurred in respeci ofthese employees. excluding tutors were..
PADDtNGTON ARTS Notes to the Fin4Dcial Ststements (Con¢d.) For the year ended 31 March 2025 4 Em ees Contd 2025 2024 Wages and salaries Employer's NIC Bmployers Pension Contribution 150.485 9,654 145.277 8.115 156.160 The Employees costs have increased by 8Y•. Costs Incl1¢ the employmenl of an Emotional support worker 10 assist children having mentsl difficulties. Notes on Ex enditure There was an increase on cxpendiiure on different projects in ihe year as compared to 2024. These costs exclude the Costs included in tutor fees. and workshop expen$es The costs I]ude £13,S51 for Ihc refurbishmenl of 3mall rooms. and bathr(KJm. 12
PADDINGTON AR'rs Notes to the Financial Statements (Conid.) For the ye4r ended 31 Mrch 2025 Fixcd Assets Land & Buildin Main Buildin New Buildin Develo ment Worksho OtTice Toial ui New Room Cost- l April 2024 Brought forward Addiiions 1.248.496 181.125 162.071 196302 168.168 53.768 1,813,628 197.952 1248 496 1,248.496 181 125 181,125 358 373 162,071 169 818 168.168 2011 $80 1813.628 53.768 Depre¢iJtion - l April 2024 Brouglil lorwArd ChArged in the yr 584.703 23170 49.353 3623 164.839 51.412 850,307 880132 Net book vlue 3] MArch 2025 31 March 2024 The market value of land and buildings is ¢on$idered to be around £5 million. No jdjusiments have been made to the fixed assets noie. and the revaluaiion reservc. Debtors - due within one ethr Unrestricted Funds Re5tri¢ted Funds Total 2025 Total 2024 Rental & Other Income Prepaymenls Due from HMRC Other Debtors 560 313 8,418 S60 313 8,418 75.469 S,671 1,938 13
PADDING'I'ON ARTS Notes to the Finthneial Statements (Contd.) For the year ended 31 March 2025 Creditors - due wlthtn one ear Unrestricted Funds Restrieted Funds Total 2025 Total 2024 Deferred inLome Trade Creditors Amounts due io HMRC Accruals see below 54,914 22,793 77,707 106 672 11,132 4,101 18,151 140 056 3,81S 24,035 3,815 24,035 105 557 Unrestricted Funds Restrieted Funds Total 2025 Total 2024 Deferred income Che ne Taxi House Limited John L ons Westminster Cit Council.. Healih Communities Fund Young Westminster rourkdation Sub-total Office renial, rates eic. Total 50.000 3,800 50.000 19,000 75000 18.250 15,200 844 7,593 8.437 8.437 54.644 270 22,793 77.437 270 106.202 470 106672 9 Reserves Unrestricted Restricted. Restrieted 2025 2024 Reserves Reserves Reserves New Bulldlng TotAI Total Bmlance O l April 2024 (Deficit) I Surplus for the year Grants lor the New Building Balance ai 31 March 2025 125,870 715 1.083,767 -26,731 108,000 1.317.637 -26,016 108000 1531422 1.209.223 414 239 801 347 801 108000 126 585 1057 036 14
I)ADDINGI"ON ARI Notes to the Fin#nei#l Statcments (Contd.) For thc ye#r ended 31 March 2025 10 Commitmellts on Reserves For the continued development of Ihc organisalion. thL Mana&Jemenl Commiltee has allocaled Ihe reserves to the following specific needs: Buildin ? Ileserve rquipiii¢nt Replacemei)t Reserve Sp¢cific OrgTanisalion R¢serve £90,640 £15,000 £50,000 Crisis R¢5crve Sp¢¢ific Projeci Rcserve £25,000 £1 0.000 11 Com n Stutus 'riie Cli&rily is non-profit making Company Liinilcd by Guarantee and wiihoui share capiial. 12 Trustccs, F.x en$¢s No expenses were paid to I"rusiees. 15