Penarth Pier Pavilion was leased for 125 years by the Vale of Glamorgan Council to the struggling not for profit company Penarth Arts and Crafts Ltd
A formal update on the position of Penarth Pier Pavilion – and on the company/ registered charity that holds the 125-year-lease on the restored building (Penarth Arts and Crafts Ltd) – has been made by the Vale of Glamorgan Council.
The statement came following a request for a public update made by Cllr Mark Wilson (Labour Stanwell) .
Cabinet member for learning and culture Cllr Bob Penrose (Independent Sully) reading out a statement on Penarth Pier Pavilion to the Vale Council.
Cllr Bob Penrose (Independent Sully) who is Vale Council cabinet member for learning and culture said :- “Work has been undertaken to assist the Pavilion to operate on a sustainable footing so that it can be enjoyed by residents and visitors well into the future. I can confirm that the Managing Director and the Head of Finance met with the outgoing chairman and the new manager of Penarth Arts and Crafts Ltd at the end of September. “
Cllr Penrose said “At that time an interim chairman was the lead the board for a few months whilst a permanent appointment was to be agreed.”
Cllr Penrose went on to say: “At that point it was confirmed that the new Manager was already making changes at the Pavilion which I hope will make a positive impact on the financial situation at the Pavilion. It was also reported at that meeting that the Pavilion was experiencing increased footfall as a result of the changes made at the cafe and the changes made to the cinema viewings being made available also”.
Cllr Penrose gave no financial update on the company’s affairs and did not refer to the warning given by Julia Mortimer of accountants Watts Gregory who undertook the independent examination of the Penarth Arts and Crafts accounts. She found there was “a material uncertainty which may cast significant doubt about the charity’s ability to continue as a going concern”.
The boardroom of Penarth Arts and Crafts Ltd
The financial situation at Penarth Pier Pavilion – (for the year ending December 2017) recorded that Penarth Arts and Crafts Ltd’s total income for 2017 was £214,521 (an improvement on the income of £157,594 in 2016) – and total expenditure was £173,246 – producing a “surplus” of £41,275 … but because its wholly owned subsidiary, Penarth Pier Pavilion Ltd, is £174,293 in debt – the overall position continues to be negative.
The “Report of the Trustees” for 2017 – wasn’t signed-off by then chairman Professor Tony Hazell (who’s now quit the company) until September 26th 2018. In it, Professor Hazell said a “key objective” of the company would be “to attain a self-sustaining funding position by December 2018” . It IS now December 2018 – and reading between the lines of Cllr Penrose’s statement to the Vale of Glamorgan Council, it would appear this “objective” has not been reached.
PDN NOTE: In October 2018 it was confirmed that three directors of Penarth Arts and Crafts Ltd – comprising the former chair Professor Tony Hazell, Paul Cantrill and Jonathan Jones had retired. As previously reported by PDN , they have been replaced by Dr Danny Antebi, (a retired consultant psychiatrist), Sheridan Ward, (artist) and Nerida Palser (business executive) all of whom live in Penarth . Marta Gehrmandi is the new pavilion manager.