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 2025

for

Antepavilion Ltd

(A Company Limited by Guarantee)

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

8

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 2025. 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 public education and appreciation of art and architecture, particularly at their intersection. For artists and architects it offers opportunities for public display of work in prominent urban locations for innovative and self-built work. This objective is pursued predominantly through the annual Antepavilion commission which now attracts an international field of entrants. This year the annual commission has been augmented with a workshop initiative that is aimed at offering more limited support for projects of interest which are not suitable for realisation within the structured timetable and budgeting of the main commission.

Charitable activities

After a long but finally successful series of planning appeals the way was eventually cleared for resumption of the Antepavilion commission in our Hoxton Docks home. This initiative offers emerging architects, artists and makers a rare opportunity to create new work for public display. Until 2023 this display had been confined to the Columbia and Brunswick Wharf complex, Hoxton Docks. During the long period in which legal scores were settled with Hackney Council to keep Hoxton Docks alive as an Art display space the charity started to consider wider options for display of projects. In 2023 we supported a smaller project, the Skip House in Southwark. Last year we took that process a stage further and the 2024 commission was for a work to further develop the new Southwark display location for the works that Antepavilion has been sponsoring since 2017. Last year's commission, under the brief of 'Earthwork', was won by Found(ation). Entrants were invited to address the earth of a brownfield site in London SE1 now secured by Antepavilion as an addition to its Hackney site.

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 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 3D works and the hosting of related talks and events alongside the provision of affordable studio spaces in the heart of London have continued to further our objectives.

Through examination and discussion of the art-craft-architecture continuum we aim to develop appreciation of the importance of the symbiosis between them in our ever-specialising and over-regulated urban realm. The selection process for the 2025 competition is complete and the winner Moonument meets our objectives as well: an artwork, to be self-built by a young architect and prominently publicly displayed at Hoxton Docks

The completion of our study on self-build architecture in 2023 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. The book continues to sell in small numbers in various markets around the world and stands as an important illustration of the Charity's mission.

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 for the less commercial fine and applied arts.

Projects over the years 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 various sponsors.

Public benefit

The trustees believe that the activities conducted 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)

Registered Charity number

1173071

Registered office

53 - 55 Laburnum Street

London

E2 8BD

Trustees

I Askari (resigned 18.11.24)

M S Keshani

R R Patel

H Schilling Director (appointed 15.4.24)

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 12 December 2025 and signed on its behalf by:

M S Keshani - Trustee

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 2025.

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:

1.	accounting records were not kept in respect of the Company 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 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

12 December 2025

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1

-

Charitable activities

Competitions

6,163

1,871

Unrestricted

198,151

199,097

Investment income

2

492

405

Total

204,807

201,373

EXPENDITURE ON

Charitable activities

Competitions

50,141

43,824

Unrestricted

154,445

118,878

Other

2,094

1,752

Total

206,680

164,454

NET INCOME/(EXPENDITURE)

(1,873

)

36,919

RECONCILIATION OF FUNDS

Total funds brought forward

86,110

49,191

TOTAL FUNDS CARRIED FORWARD

84,237

86,110

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Stocks

5

11,067

12,166

Debtors

6

3,597

23,338

Cash at bank and in hand

117,823

60,382

132,487

95,886

CREDITORS

Amounts falling due within one year

7

(48,250

)

(9,776

)

NET CURRENT ASSETS

84,237

86,110

TOTAL ASSETS LESS CURRENT LIABILITIES

84,237

86,110

NET ASSETS

84,237

86,110

FUNDS

8

Unrestricted funds

84,237

86,110

TOTAL FUNDS

84,237

86,110

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 12 December 2025 and were signed on its behalf by:

M S Keshani - Trustee

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

31.3.25

31.3.24

£

£

Deposit account interest

492

405

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Other operating leases

125,000

95,000

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5.

STOCKS

31.3.25

31.3.24

£

£

Book stocks

11,067

12,166

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

3,597

1,243

Prepayments

-

22,095

3,597

23,338

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

33,743

-

Other creditors

7,864

8,756

Accrued expenses

6,643

1,020

48,250

9,776

8.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

86,110

(1,873

)

84,237

TOTAL FUNDS

86,110

(1,873

)

84,237

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

204,807

(206,680

)

(1,873

)

TOTAL FUNDS

204,807

(206,680

)

(1,873

)

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

49,191

36,919

86,110

TOTAL FUNDS

49,191

36,919

86,110

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

201,373

(164,454

)

36,919

TOTAL FUNDS

201,373

(164,454

)

36,919

9.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.