Charlty reglstratlon thtsmbtrr 10318OtI CTrrNpani re¥i5trativn nurnber 28FM.147 (England and Wale5) FIRSTSITE LINqITED CONSOLIDATED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FIRSTSITE LIMITED LEGAL AND ADMINISTRATIVE INFORM.4TION Truste*$ Mr T Field M8 R MillaTd l)BE C. FTUnLiS M5 D Leacock Mb S Piii Sail Lok Mr P Til)iK'r Mr A Gdni¥ll Mr D Koseiibtr Cllr J Youi)g Mr M Diirhdi)I Charlty numblr ILII1800 C.fjmp#n>' number 2%A4147 RtRlsttred omcc LLW'i3 tiArdLn bssex COI IJH Auditors sireeib Aiidii LLP Lio Tlje Old Èxchange 114 We%1 SIoLkwell Sireei Essex CUI IHE H¢a(Igai¢ C'ouri Head Sir¢ei C.01 INI, Bankei HSBC Colch¢51¢r Essex COI IDCJ
FIRSTSITE LIMITED LEGAL AND ADMINISTRATIVE INFORM.4TION C.C'LA Inv¢&liiienl Man4glEiii¢JiI Liiniled COIF C'har¢l%' Fiinds 811 Lheapsid¢ Liin(l(In EC.2V bl)Z Lli)ydh Bank 2 Hi&Th Sii'¥¢i Colch¢51er Es.%ex COI IDIJ
FIRSTSITE LIMITED CONTENTS LhAirf% it%iemeiii TTus1¢¢s r¢puTI Siaieineiit of Trustees respDiisibiliiies 11idepeniltffl oudiir>r's reporl l-onsolidiiied EIRlI?nc¢ slieei Chari1} BLilanLe %heei Cuns(Ilidtit¢(I blJl¢iii¢nl uf Lusli fl0%4s No*s ro the accoui)ts 22-47
FIRSTSITE LIMITED
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 21125
In 2024f2_%. il ¢l¢£lT tliat Fir41tsii¢ lia wns11lidJt¥a aiia ils p(isili(In C)n¥ L)f'ili¢ l¥adin&T Wllt¢TnW)f41ry drt
ally Shaiw and her Iir%i-rThte ieojn.
We have had a gi'eai l'ear W'e IJAve shDli'n soine i11emAIioiii4 Ilsr fainoiis amisis. a9 well s created neWed li)test in forgoiiei) nxines. ai)d
heralded ilnPDrtsiil tjew LYeaiii,es. Ive lial'e held ligihl lo oiir finance5. aiid oiir Iiindei's hatre beeii lo>al aiid gTeneroiis,' l ivould like Ic>
Ili¥¢nk. iii p4rtiLulai'. Ihe Arts COLIIILII of F..nsiluiid uiid OLir Relaii(Inship Tvfuii#gyer- T)iwk Misir!,. 'lK)1i#4 petit su tnubl) liille i%'ith i11
%upporl i% niiich app-ei131ed welcome.
We niusi also wai'nil> IhEuik L>ur ilidividual supporttrs who slay wilh us thiDu¥lJ all weaihers. offering i)0101ilv financiii I suppon bui als
steadfast adv ct. t¥I.1¢Ce Ri)d Ilie reasbliraiice of iheir coiilinued paniiership. In pa11iculai' we acknoivledgie Sonia aiid Giles
CuLKie-Aduins w¢ll lib Hindl¢v uiiJ Tre1)T F¢iiwiik. Yi)u 4re ¢x¢mpl41ry in yiTrur gr¢n¢TV51ty.
Illt havL bLen i)n nEtiionThl TV And Iii IhL p:Iper4'. (Jllr %hi)w4 h8vL' l)een rL,iewLd Lx1rL¢IY we114 Lit)d IhL I)L8ulilul ¥i>ldeiJ LfL%LL'iII Ihgl is
oui. hojlle Ii)s had three ouii¢)g% on BBC'I by -9Y )t'Aniique> Roadslitr. C'ruwds ol'p¢opl¢ ¢a¢me fTOI)i airo$8 the UK 10 Firisii¢.
brin8in¥ their Ir¢asure5 to be 31ed and di5fllSs¢d. and as a Tf51111. Fii'5tsii¢ acquir¢d It8ioiis of Inoi'¢ 511pp)rleis and faiis. Il'¢ 1% Iso hosted
prr-¥l¢cliori d¥baT¢ for l-haiinel 4.
l>avid Lock. another artist wlio has wjiled a lonyi Iiine. liad a terrific sliow whicli Wils c114111enyiin&. Jraiiiaiic and beautiful fLII ai on¢¢.
Oiir laie.jiiglil ¢V¢i)ts Firsisiie hhve been ierrific. we hai'e aller our opei)ing Iiours 10 I'¢fle¢i when people Iiav¢ iiiii¢ 10 ¢ofti¢ aiid us¢
the farilili¢s4 %iiid thi5 ha5 'orked ¢rv 14'¢11 iiid¢ed. I would lik'e lo Ih(Ink Ih¢ staff ol-Fii'51silt for b¢in¥ 50 fl¢xible and il'illiiib to ad(IPI to
Ilivb¢ ihdn&iy5 Oui bili¢lTkl i¥ bvviiiiii&i diid iv¢ nvw huN'¢ Iwv ¢uf¢¥ wlii¢h wvrk ¢xlr¥iii¥ly iv¥ll in lJiiil¢ii), Aiiyvii¥ whu h41¥ ¥411¢ii ul
I would likc io u%c ihi% lorLword to f&irw
FIRSTSITE LIMITED CHAIR'S ST A TEMENT (CONTINLED} FOR THE YEAR ENDED 31 MARCH 21125 I would alqo like 10 iliaiik the eniire B1rd. who have ivoi-ked.its liard Ihii vefyr 10 help Fir*iiiie nAtrigaie Ihrollbyli ihe Lhoppy wfyiei-i of Li)eigy CLlSts. culture i¥ar5 and a i)eiv COLnni¢rcial focu5. Tlit Bviird i¥ gJri)up of extr¢Ie1 inulivJt¢d. fv¥us¢d prutessiond15 Witli a sp¢blJLul4ir rdNgyr vl'bkills. dll vf wliiLli re givtN iviili()ul pli tir +int&. lu h¥lp Fii'it&iL. l)L w'hdl il 18. TIIL linii dJviL¢ Ihcj gTjI'ty S11-rNlv is ILmdrkdbl¥, anLI l bxirbi)ILI> biralLtul Iv wui'k Finally. I Inust herald Sally Shaw. She is ali it)spirin4 nd dedicaied direcior ivhose leadership of Fii'stsiie is reiJiJrkable. Il'e. aijd the eity of C olchesier are lucky 10 lia%'e her. and l 01 like 10 ihAtik her for her vision aiid sens¢ of Inission which ¢oines beatningy oui ot OLir 'ondert-Lil building every 5ingTle dxy. Ms RD%iL M¢llhr4J OLIE ChAir DsiL.' 2 Oeliib¢r 2(125
FIRSTSITE LIMITED TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 21125 Tliv TTiisI¢v• pr¢s¢nl tli¢ir iiiinudl rvpuit diid lindniidl sldl¥inent¥ tiir Ilit y¢dr ¢nd¥d 11 M(ITLh 2Q2.5. The financial sraienienis haTre been pjrpared iii accordNnct wilh Ihe accouijting policieb sei oui ill llL>it l io rlit financial siRieineiiis and Inplv i¥iih the gi'oiip's governinby docunient, Ilie C'onipRiiies Act 2(K)6 'Accounlingi and Repmiijgi by Lhariiies.. Stateinenl of thL' LIK ynd RL'publi¢ lif Iwliiiid IFRS Id21 IL't1LThLItIL. l Jllniigry 20191 Objectlves and &ctlvltSes The charil) s object and ils priiicipal actitY is lo proinoie 11it ails in society. iti parliuilHr the visiial and niedij aris. foi. Ih. benefit of Ihe inhubilaiits 01 ('ulLhe5ter in pariicLilur uiiil the sui'roiindinii #rvd in Eusl AngTli& in gieneral by develLipin4 publiL JppI'eLidli(Jn of the arts and new and exislin8 ari. lo eiicouragpe inore Inemkrs of Ihe coiiiiniiiiil> 10 porticipaie in credlii'e aciivil>. iihli(, The Ti'u%iee% hai-e paid due regai'd io guidaiice Ied b> Ihe Cl)arily C'oinii)i&%ion in deciding wl)ai aciiviiieh Ilie ¥roiip %hoknld ui)deMake. In decidingT Ilje chariiy's work oi'er the coiirse of the year the Tnistees liave coniplied ,1117 ilie dLilJ in s17 C'liariiies Act 2011 lo lia%'e due I'ebard to the pul)liL benefit giuid¥nLe published bv the Charity Coiniiiissivn. The yedl. 2014.,25 h¥b been oiie L>l' the Inost Lhdllengiinbi in Firslsite'5 reLenl lilsry. Risin1 LO>lS. inLreJsin¥ilv fragiile fundrdi5111g ari mi2iier i?nd lo demoii.4traie ihe e%seniii?I rol¢ o(creaii¥iiJ iii bllilding IpPY. h¢alihs. aiid reqili¢nl 4ociely. Tliig ye.Ir lias reinforced Ihe viiJl inipDrt.Ince of the pariijerships Jild sijpporiers wl)o sMnd.2loiiggide ug. Tlieir CO11illI1eiit- froni fuiidei's w)d Councils 10 indii'idual Pfltrons, xr115ts, and coinmiiniiy giroupg- liJ5 been Ihe loundJiion ol. our resilience. Thinks 10 them, b-ir51siie lias ntinued lo off¥r ivorld-cldSS ari and mEdiiin¥bful ¢01111llLlnlt}' probtrdiiiiiieb. free dnd d¢cessible lo all. W¢ woiild like to shdre oui. P¢111lbLildr ihdiik¥ iv Siini¥ Gills Cwd¢-Adams ¢iiid JJii¢ HinJl¢y lind Tror Fnllk ¥vliii ¥uppvrt US d5 d(Iniirb i() lh¢ ¢liui'ity lind tL¥ oui. collaknraiiie work lo s¢1115 Queeii Sireel ai 3 liiiie of greai iittd lor Ihe galleTI. Lasilv Cllr Nlark Diirh%ini of Esse¥ Coiinly ('Lllllliil. has MO¥d nlIllIa)i]S to eTiSiire ongoiiig 5llPPOrt fDr lis Ihroiigli a very slre5sfiil period.
FIRSTSITE LIMITED TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 ALhii'¥i'mL'nls PL'rformLne&' uc'liviiji'.% (iiidtsc'hiL'trÉ'tsiviiiy 1111 obiL'eiii'É'J Artlstle Pwo%r4mme- RdAcAI And Outstondlng Exhlblilons pre%eiJied a %erie4 ijt. blood reil prin14 It%pondirtg 10 the iliari'q 01. Ihe %l&ver Tlii%ile%vooJ. El%& :Il%o i4'orked in r:%idenLe iij Ihe gallei'ies, and produced a lle serie8 01. collages which are l'aw, enei'geiic aiid full ot'enraged po'er aiid Iluenc5, depiciiiig Menibei's of hei f)Inily wnjoin¢d Vviih aii¢ieni obj¢¢is, okra and bl(N)d splaii¢rs c'laire Lansick. Yoli and l are Eanh was aiioilitr higyhlight. Tliis small-scale exhibiiion presented an iiicredible gTrroup of higkhly dexiemus painlinks. Eacli work is 4ppruxiinJiely Ilie size ul. & d¢skiop P(.. screen. They (lepicl in curefLII an(1 devaslJliikT deiJil. ¥cene5 of nalui'lil ThL wi)rk5 LiplI)rL oui. Ull&lL411ILIisLd diid distunLLd exi4ieii¢es. Howei'eT. ¢n ill)S%e lh¢ 52 wcirk% besin li) CT¢al¢ il)¢ sense ol. ¢iner¥yeniy. ptrliap4 we ne¢d io le¢1 mi)i'e Lil. Ihc h¥421 (Il, li) Leoiiora L'ai'i'iiigion. Avatars 81)d Alliaiices w35 also i?n ex¢epiion11 leai of curaiorinl eii4uiry. I would like io Iliank niy ¢olle?L gue Geor¥ve CommunitrTr P¥rtieip4tith Rringing Petsple Tvgether OveiTrll. fii'51siie welcomed l ?2,2411 vi31tor5 OJl3i¢e, willi a turther IO¥.?1)4 engagiirig online which ivas alinost double Ihc piYiiou5 year. Holiday F'un provided 4,tibi iiieals to 627 fainilies. F'irsisiie liosled 63 seliool8 '1$11s. enga¥ing 2011 pupils IliroLi¥li ar1151-led worksliop5 Th¢ Y1- Jlsu ¥aw 4 br()sJd¢iiing of our piibli¢ off¢".: MiniCIip u free 'eek1V muyiL ilub fi)r Juiin4 p¢ople. Toddler biroiipy, dpJwin41 worksliups. Jnd f1n11Y sebblUII5. Booz>' BrLi¥h¢y Ilie Lute LuiinsT¢ sei'i¢¥, brinbpiNb? new 4udi¢nieb energ'y iniii the building. C-oniiiiuJ itrvwili of th¢ Lin¢iiia, ¥ti¢nbtih¢ii¢d bw th¢ Idun¢h vf th# Mo¥Jii M¥inb¢iship. whi¥h w¢lL()Itivd 150 Iii¥mkrb in ill first y¢dr. C'J%e Siudv- Holiday Fu
FIRSTSITE LIMITED TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 P¢opl¢, l)ii'ergitv #nd l(wlusiorh people froni ¥lobal m.?joiilJ bRik8rounils. L(iB TQl+ &itlil4_ The Youiig ATIiNI Koniinui)il! IY AKI Loiilinued lu floiiri4h. co-¢UTllliiig th¢ ¢xliibilion Zeio Lonlracl.- Zero C'aiilacl. which chclllenged id¢Js arouiic lJboiii. idenlil}. and %'alu¢ froiT) a youth priEpeciiv¢. A ioial ol. I51J people eoiiiribLlltd io Firsisiit's ivork rhis sear, iiiclLidingi ?5 perinaiieiir sraff. 3U f'reelance. and 72 volunieers. Oui. siall atid volunteer teams once %rygpain shoived resilience, (ledicaiion, and creatiTrily in ellsuring Firslsile reinained ivelcoiiiiiigT alld dvnaiiiic. We exp%inded P*innei'ships iviih LomiiiLinii)' gTr(iups, inLluJiniT Retugye¢ mig1.nI ALiioii L ulLheyler. AtTiLan Faniilies in the UK. uiid Partnershlp5 and Supporl Fii'slsile'b iichieveinenls Iliis yedr would not litsve been 51ble iviilioui the suppori of our flinde and partners. We ure (lpIY Trl¢ful to Re4lllerbce and L(wkln% Ahead The linancial cliinale of 2U?4125 has iesied Firslsile more ihun any >'e&r since Ilie pandernic. Audieijce aUtiOn. risin&T terY and op¢rJlinbT C051b. pre¥sure on ph.lJniliropy have ci.¢1 reHI chJll¢n&ies. TliroLigli careful sl¢m.irL1sI1lP 4n(I th¢ resiionbible ub¥ of express And sliAre ilieir creaiivity. of Ti'usiees y,ho's siewardship of Iliis amxting gallei'y has beeii sieadfasl alid ertdui'inbi in the I'£i¢e of soine veiy iesiing tiires. While the
FIRSTSITE LIMITED TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 FinthnLil riivltw pl&i)nii)g fi)r the full Dper&iion af Jr.% thL2fii&ble obJeeii¥e.%. li is Ihe 8im (Jl. the Iru81ee% 10 wi)i-k Ii)w&rda having uiirt%iricred reseThe% Iljat viill Coer ar leasi 3 imoniljs of e¥penciiure. pr¢sbur¢¥. The uccumiilud consoli(lated SLirp1115 in Ihe uni'estricled fuiid account of .11 Marcli 11125 w'ils 1499. j49121123124 i254,(1831 nd th#r¢ ¥4'ere r¢4triffl¢d I'ullJs iJl'i.l%l,1.7312021114 Ih9(J.6921. Tliere u ti'#nster ut'L7.i.5.0(14 to rn()¢ Ilie biilanLe relalinii ti) 411 Art IneillftL Ir()n) rL'siritied aLiiiiI! iliLfL'J%td b! L%%.J?3 11) £617.714 1211?3124 1 j2¥.391) Thi liindiiig w&5 U%L'd li) sui)PLJrl prl)¥r'iniiL%, iucl) As Holica>' Fllii and Ol. I'olliig Art Kon)Jllunil%' IY AKI. The iradiiig aclilI1eS ol-llie groLlP are carr'ied out by Firsisiie Eiiierpri8es Lirniied, a wholly L¥wned siibsidiary. ,hOse resulis are Iiicluded in these coiisolidaied fiiiaiicial siaieinetjts. The 1radingr acliiiiy Irduced in reiei)ue by L5.84110 L.5 7.5181202.:'24 £537,159). Ag cost and lii¥¢l'gii115 L<)ntinue Loiiit under pressure the Trustees pul in place yever&l KPI'% that In01107.perturM#nL¢ JgJi115r Vdr(¥e15 and eiiable Toial r¢50urce5 eNp¢nd¢d increased b>. £8¥,178 10 11.74V.841 11023,'24 11.6S?.6611. Inojiily 5 a resiili of increa5¢d c0515 of chariiable clis'ili¢b of 1101,31 S froin the PrEiCu y¢ui' and & bli¥Thi drEa¥£ in fictiTrily assorial£d w'ith R¢bliicl¢d I'roj¢cls ofL13.117 Th¢ inci'¢a>¢s ikbioi'% ot £2114.747 12111 J124 12 JIJ IJ8VI InLlude¥ for I122.17Y 12112J,, beeii submiiied iTriiil should be received bv Ihe tnil ol. Noi'¢n)bu 25. 24 *1116.2J71111 respeLI of Exhjbilion l ax lielief. I hi% Llaiin h41 ldI10r9 £4I>5.5fv1 {2U231?4 1277,4 151 includes d¢f¢Ed inwine ¢f LI07.171) Ihis r¢late5 10 th¢ ,4ris L'.oun¢il En¥land guani r¢¢¢ived iii MJrrli 20?$ lor cor¢ co¥1. Th¢ ¥raiit wus r¢criv¢d ¢iirly r¢lJt¢s lo p¢ifoiiiiunce coNdilioiis 10 be in¢t ITI April 21125. 111 (iJdilioii, Iliere rv ¥illiL ill¢ru15 diid IruJ¢ ir¢ditUl-s iTrf't?23.3131?023124 £2Q6.571 Oiir Ihaiiks BO lo Ans C'oiiiicil EnBl2Jid. L'olchesier City Louncil. E8se.x Q'oiinly Coiijicil, Ari Fuiid. Coode-Adaiiis Firsisiie Tiiisi. Jane HiDdlev aiid TreNoi' Fenwick. Aiiip¢i'sand. H¢r%¢y Benliaiii TrL151. C'olch¢st¢r Rol?1 r>. C lub. W.iitr05e aiid our inany oili¢r indiNidiJal suppuneib. Tlie Tnisie¢s hiii'¢ u diity Iv id¢ntity r¢Ni¢%v th¢ Ti)ks lil ithilh Th¢ Lhuiiy is ¢xpo%¢d und t() ¢llSLilY 4ppriipridl¥ Iibiilrul% ili'¢ in pli1¢¢ IL> work i105rly willi il)¢ niajor 5W11501E of F irstsit¢ 10 ¢115ur¢ roinnioii vbJerliN'¢5 and actiNitit5 are aclii¢%'¢d to t115u CQntiJiurd 5UI?POrt.
FIRSTSITE LIMITED TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 S'truLturL' g¥vi'rn¥nLL' ¥nd mHnM¥L'niL'nl TIlL b¥ri)Iip 1.4 & 101))pany IinJiiLd b) 4lLllI-at)lie. Tlie TrLiyleey, ,110 Hre #150 11ie directors for the pvrwse of compdiiy law. and wlio seived (ILirillg the year and up to Ilie dule of sigTnatLire of Ir Ci C Armilh¥L IRL'4igiiLd 26 Mèy 2n251 Is R Millard OHE Nlr R A Poloni C Fnin¢is Nly D LeaLoLk Nl$ S Pui Son Lok Nqr P Tibb¢r Nqr A CiumLII IRe%igi)ed 21 No¥¢nib¢r20241 Nli. J HuTh'¢y Nlr D Ros¢i)berA IR¢sibJned 3 Jun¢ 20241 Trii%i¢e$ are re¢i'uil¢d via &n agTeed pio¢edur¢.' l. E%liibli%h lind aTI.¥< the Loinp¢lenLies ie4uiTed., J. L'ariy out a papei. shoit-listing exercise conjpariiib eyperieiice and qiialifications etc.. against rhe prefei'red ct'iieria: 4. Curry L)Ul ¥iriiiiiir¢J. iOlilWl¢niv.bd¥¢d ini¢rvi¢ws iwitli 111¢111b¢r% (If th¢ Nvniindiions Jiid Reinun¢rJlivn C vin111111¢¥ 4nd th¢ bohL%I ILIii'L'nLLW', 5. A Trange Ieing ol-lhe Noiniiiaiions and Reniuneraiion L'oinmiiiee 10 decide oli Ilit successful candidaies., (i. Pill fUrwrd Ihe naiiies of SLILLessful LJMdidJles lu d meeiitibt uf the Rourd c)f Tru51ee5 tor fonn¥l dppr(1Y1. N(>iie ol. 111e Triibiee.% ha4 any b¢iieli¢ial ii)ier¢%i irt Il)¢ ionip%?ny. All ol. IlJe Trusi¢es ire rt)¢inb¢rs ol. Il)¢ coini)&ny &nd gutsraniee 10 onli'ibuie I l in the eieiil of a i¥indii)s wp. tsnd tr4inin¥ of iru¥te¢ Meinoraiiduin ai)d AriiLle% ol'AiL %thciaiiÉ)ii. Ihe deci%ii)n n)L2kii)g pn)ce8%, Ihe bu%ine%% pl&n ai)d recei)I liniincial perlDriM&nct É)I' Ihe chGrily. Trusiees are eiicoui'aged 10 &211end 1& pwopri?É te exiern?& I Iraiiiins events wl)ere Iliese w'ill l&icjliiaie ilie under11kii)g of Iheir ix)le.
FIRSTSITE LIMITED TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 TIJL Btsaixq cbl. TruiiLL8 meL%lS gli ILU*I 4lltirTLrlv 10 r¢vicw ihL r>tslicy, %triiiLhLiy mLdiuin llrtd li)iig ILIIM pl&i)iiiii¥ n¢td% i)l- Ih¢ The EIoArd of Trusiees delegtraie day-10-day manageimeni 10 the Direcior. NIS S Shaw. Please nore that Ms S is noi a foi'rtial Director Coinpthnies HL)LlSe. Council, all of wliich provide fundin¥ 10 enable Fii'sisiie Ic> Carry out irs chjriiable dijecrives. Firsisiie is alqo ali aciii'e niembei. ol- Ilie +Tni¢ n¢rw'oyk ond lh¢ Conr¢niporryi? Vi51141 Arl¥ N¢rw'oi'k. ¢oniribuiinb b¢¢lOT-wid¢ tsi1'nle¥i¢ proje¢t¥ Ihot ¥uppori in¢r?a¥a n¢¢e¥¥ to in¢luL1¢s a Tiuinb¢r ol-¢l¢m¢nis. I S Qu¢¢n Sir¢¢i oft¢rs a ¥i'¢aiiK'e hub foi. loial sii)all aiid i)¢w biisii)¢sses, Ai lh¢ y¢ar.¢nd. Ili¢iY w¢r¢ fil'e vihiLli is used 10 screen lil'e pertormances aiid wiih Ihe parinersliip with C'urzon Q-inenias. a full filni progi'amiiie. In addiiion. Ihere aiE a nuiiiber of relaied ialks and debaies which are on offer 10 Ihe public. Audltor In arcordfll)c¢ M'iih Ilie ccinpany'¥ Rrticl¢b, a r¥bolutioii piDposii)g th&1 Sirt¢ts. Audit LLIJ b¢ I'eappoiiilvd as Rliditoi of ¢h¢ coinpanj will b¢ pill ul d G¢111 M¢¢tiiig.
FIRSTSITE LIMITED TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 Di5LI(bsurL' of infurm4tion tu 4udiior lablish that Ihe audiloi Is ai4.are ol-such inlonnalion. Tl)L Trusi¥L* fL'pofi appri>¥'LxI IhL B1)ll1 l)I'Tru%iL¥. My R Millui'dOBE Trui+iee 2 (kiober 20?5
FIRSTSITE LIMITED STATEMENT OF TRUSTEES RESPONSIBtLITIES FOR THE YEAR ENDED 31 MARCH 21125 Tliv TTii4I¢v•. whc) lire a14Li Iliv direit(irs ul Fi1sL¥il¢ Liinit¢J tLlI- th¥ PillPLTrS. uf ¥iiinp(Iny lai¥, iir¢ %[1751bl¢ tLf pf¥p411-Ill¥T thv Tru41¥¥5 RLrxirl dnd tliL fiiidnLial tILMltI in aLLiirdan¥L with appliLdhlL l£li4' (Jerterally Aieei)ied Aciilurtlil)8 Praitiiel. Conipai)y law requires ihe Trustees io prepare financial siaieireiiis for el& ch Iii)aiJcial yeat. ,hICh give a riiie ai)d fail. y1th. o-. Ihe state of fra1 of Ihe iwroup and of the incoillin resources and upplicalion of resources. includingi Ihe iiicotne expeiidiiure. of the chai'ilable Ili¢ Tru%iee% ale r¢qiiired io.. obs¢Tre Ili¢ Inethod5 and pi'incip1¢5 in iht Cliari11¢5 SORP.. iiiuke jii(Ig¢ill¢Nly ¢s1iinJtci tliul dr¢ r¢J¥Lindbl¢ prudcnt.. l¢5pon5ibl¥ lor sHf¢8UITdii)8 The a5scl¥ of the group aiid h¢ni¢ for iakin¥ i¢asonable sl¢ps lor Iht preieiilion rid del¢Llion of fraud &?nil
FIRSTSITE LIMITED tNDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FIRSTSITE LIMITED Oplnlon We haire iiudiled Ihe ftinanti.ll Iiaieiiiertis ol-Firt%iie Limiledlihe '¥roui)' I ltir IlJe e)rende 31 Mai-th 21125 which ton)Priie the consolidaltd 5Mi¢nienl of tiiiaiicial aclii'ilies. the coiisolidaied aiid pareiil COIT)pany balance she¢rs. rlie consoli&id slaleinenl of ch Ilial hds b¢¢n Jppli¢d in Ilitir pr¢parali()n is %ippliLJhlr Idw dn(l Unittd KiniT(luin ALbounlin¥ Si&nJdrds. inLluElingp FindnbiJl R¢portiiig' St7&r 102 TIIL fiiitsiiiiul Rbpiirtin&i SidiidJrd appliLdblL iii IhL UK R¥publii lif Ir¥ldK(I IUiiil¥d Kiii&TJL)iii CJiiiir.Illy A¢¥¥pl¢ A¢LN)LiniinbY PrJLII,l. resources and application ot re¥ourc¢s, foi. Ilit vtai. Ih¢N elided: hiv¢ b¢¢n properly prepared in axoi'd)i)¥e wilh Llnii¢d KinKdoin &n¢i'ally A¢¢epi¢d A¢¥ouniiiik Pi?¢li¢e', and huN¢ b¢¥ii pr¢pJr¢d in a¢LUTduni¥ iviih th¥ I'¢(luili1rS uf Iliv C.ui)IPdTii¢S ALI 400(1, By¥i¥ (ur these requiremenis. We belieNe thai Ihe audii evidence we liave obiaiiied is sufficieni and appropriate lo proiide a basis for Olir opinion. Cfjnclu%lnns relatln8 gTrln8 cfjncer or collectively. niay siginificani doubt on the yroiip's ability 10 ¢oniinue as a boin¥¢oii¢ern for, a pericNJ of ai leasi twel¢ rnonihs fron) rep(irl. Other Inform4tSon doLS noi cover ihc oiher Iiifoi'n)aiion and. cxccpi 10 Ihe e.¥lLni Diherwisc Lxpliciily siaied in our repoti. we do noi cxpress any form of assurance conclusion iheteon. Our responqibiliiy is 10 read ilie oilier inforimalioii and. in doingT so. consider whher il)e other inforiiiaiioii eiiiiLliide Ihtsi there 1% tt mJieriAI Inis%laieiiieiii ot'ihi% uiher inftsiinalion. we Are i-equired iu repori Ih&i IALt. W¢ haTr¢ nothing to report in iliis regard.
FIRSTSITE LIMITED tNDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF FIRSTSITE LIMITED Oplnlons Dther matiers prescrlhpd bv Ihe Crmpanle% Act 2011fi In oui- Cjpiniun, ba8ed oli Ihe tsiideri&keii in Ihe toiir.%e of OUT.iudil-. Ihe iiiforinaiion given ill ihe TNsttts Irpon lor ilie finCiaL year for which il)e financiRI siaieineiiis are prepai'ed. iTrl)icli iiicludes Ilie dir0&, report pi'epared for the puiyoseb of coinpany law,. is consistei)t with the Iinancial siaierneni&.' aiid Ihi dirwiuT%' r¥piirl in¥liidvd williiii th¥ TTUSl¢¥s I'¢pui-I hi15 b¥¥n prLpar¢d iii U¢Liirddll¥¢ with applivablL ILkTiil r¢qiiii'crn¥nl&. latlers M'hlrh e Are re4uir¥d repvrt by exieptlvll In the II&Tlit ol-lhe kI)0.1tjTe and unders1andin¥ of Ilie giroup and its etiirotJiiieni obtained in Ilie course of Ilie audii, we hAK'e not W¢ haiie i)oihin¥ lu Itptsr1 in Te*peil of the followinbi n)aiier% ii) reljiioii 10 wl)¢¢h ilie Loiftpftrtie Ail 21H16 require% u.4 10 repoTI lo >ou ir, In QUT OPllllOn'. adequJle accoLiniiiikr records h&ve not been kept, or return¥ &LdeqLlllte for oiir audit hdve not keen received fToin bruiiclieb noi i'isited by u%.. ur ¢¢riain disLlo%uits ot'iru8i¢es' I'einun¢raiion specified ty lam, ar¢ ¢101 In)d¢'. or we IiJN'e noi received Jll ilie iiifoi'iiialion Jiid expl#n#iioiis we require foi. our #uJii.' or rL'iyirl. ReApthniihilitièk (bf TruAiee% AudItr,1 respnnslhllltles fnr Ihe the llninclal itAitments vilieil)er due 10 frtsiid vi. error. 11 nil lu isiue All.iudiior'% repori 11.91 inLluiles oui. upinion. Rea80nJble'i¥%iirai)ce 14 a hi411 lei'el of a.%¥urAn Mi551al¢in¢nls ¢an Illisf froix frnud or ¢rror and ale ronsid¢rrd iiial¢rial it-. individiiall> or in th¢ ag¥il'¢glf 1¢, th¢y rould r¢a5011Jbly ¥XP¢LIEJ influen¢¢ th¢ ¢¢utiviniL (1¢115ivn5 vf ¢Jk¢ii cin the bobiS vf IhE¥¢ finlVId1 blJt¢meDtJ. TIIL ixlliil Iv which (IUT pnTr¢LdiirL UIL ¢upybl¥ iit'dLILiliniT iriL&yullli'ili¢.%, in¢luding7 tryud. i¥ dilail..d b¥loi4'.
FIRSTSITE LIMITED tNDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF FIRSTSITE LIMITED Tliv iiudil 1¢%ls. includinb pl¢inninu PTu¢eJuY¢4. dJopt¢d fc)r Ili¢ iiudil ()f IliL%¢ IiTldll¢l41141dl¢in¢n15 ar¥ d¢%ib7n¢d tll dnd d¢t¢vl tli¥ ri¥k Ilie appropriAie compeienkne, c8p8biliiies Artd skillq io ideniily or recogn18e noi)-coJnpli&i)ce wilh akwlicable and regulilllL)ns: We iderttified ihe la atKI re¥iulaliotJs applicable io Ilie groiip IhroLlbTli diseiissiot)y with inistees and other tnanagiement. and fi'oin oiir iiiiirerLiul knowledgje expei'ienLe of tli# 5eLlOr: opcraiions ol'ihe chariiy, jiicludin8 rli= C L>inpanie8 Aci 21MJI) Lhariiies Aci 2VI l. iaxarion Itgislaii(Mi. Eniployinejii Law ai)d Data Froieciion. W¢ iibb¥55¢d Ilie ¢xl¢iit lif LurnpliuiiL¥ w'illi lh¢ laws and regTul¥tion¥ idenlifieii tIiTOU&Tli illakingp enquiriey of Illllll4sp¢illeiil iitsi)-ci)mpli&inte Ihrthughciul the ¥tudil. PIOieduTei petfoiimed 10 iildre81 Ihein are de%cribed below.. We obrained an undersiJnding) of Ilie in¢oin¢ prtt¢ss and Ili¢ floiv of finan¢ial inforinaiioii lo th¢ bi¢ii¢ral ledb:r and ho. this is ¢ldS5lfied uy resiriLied and LinresifiLt¢d. C.ul-<)Il' IL'%lin¥ wa.1 perli)I'l)ILd ai lh¥ yLiif-Liid doiL' 1?>. rLvicwing rc%'cnuL whi¥h htsd bL' ilLL'I'uLd l<)r IvllU ihol htsd IK'LIi IL.()gnI1CJ after ilnie 10 idenlily ai)y Irai)%llciion which h&d beeii em)nei)Li%l> recii8nised in Il)e incorrect perii)d. Tlie aint l11nb• CArried Qui fÉ)r ¥pendiiiire. Iii line iviili all dlidiis under ISAS IUKI. we are al%1) required 10 perfonn bpecific prucedui'e¥ tv re5pund tu the risk ()f ii)unabTefnenl dj111M'n1s. In addiiion 10 the fjbove, our pro¢re& to respond 10 Ili¢ risk ideniifi¢d i11¢1iided Ihe tollowiiig.. lo fraud., ¢nquiriiib7 0.- InJndbl¢lll¢rti ¢on¢eming 4¢iu#l 4nd poi¢ntidl liiiuJtion an(1 ¢lJiin>, n(l in¥ian¢¢s of non.miiiplian¢e for th¢ y¢s11'. iiisia11ces i)I'iioi)-ctsmpli&nce. The ri$k i% alho gre&ier tt¥trardiiig irre8ulariiicx IlCLiirringdue io Iraud nihtr Ihan Èrrar, as Irai.d
FIRSTSITE LIMITED tNDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF FIRSTSITE LIMITED U%e fjf TtPrt Thi* TerI 1% ffiade %oleli' 10 Ihe cliAril.Ible groiip'% IneTllbeT%. '1 bthly. irt atLordfyn¥e 7[h C'hApie' l tsf Pai1 16 of Ihe CompLqnie% Ail !OOh. Our audli '0[k has betn undeiTrken so Ihal we Inighi siale lo the charirable groups. Inelllbe. those we are required lo stale lo Iheni in an fiuditoi's, report and foi. no other Plirpost. To rhe fLJllesl cxleiil periniiied by law, we do iiol accept or a55uin¢ r¢sponsibilirv lo nvon¢ oih¢r Ihjii il)¥ iliarithbl¢ ¥Tr(iup tlie Llidritabl¥ gTr(iup 5 In¢illben body, fur vui. <iudii i¥()rk. fi)I' this repurL or for Ili¢ Illchael Grt¢ne BSC FCCA IS¢nlor Staiutory Awdltor) Lli8ltered Accoui)ranis Ll{) TIIL Qld E¥Lh&nbYL 64 W¢sl Siu¥kwell Sireel Colchesier cni IHE 21 OLlobei' 202
FIRSTSITE LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES tNCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 ,,VARCH 2025 Unre&trltt RÉstrltted funds Tot$1 RL%lficiLd luiids f•nds 2n25 21)25 21125 2D24 2024 2fi24 NutL Doiiaiion.s Jnj It¥%)C)¢S l.(>h2.U117 56N.¥74 1.630.¥fi1 1.11¥.ty20 452.121 I.572.41 Art151ic pro¥iainiiit L¥ai-nin¥i & LxIucdllQn 26.728 47.216 1.624 73.944 1.624 44.480 32.71)0 44.480 37.446 23.53 672,-11.5 0,834 6S(),4fj9 (>.%34 23.530 72,315 Oih¢r inbL)III¢ 6fj0,4$9 Tntal Ine(bmt ?,3()3,%22 i21).3¥1 2,349.y. l ? 15.50% .SC>O.371 2¥.(5 Sa2,108 2%.fi45 56n,171 575,879 57fj.%79 53D.751 53n,753 L¢41niinu & wJuLlItioi) AriiSlic pro¥yAlI)Jne 420,958 1.158.870 491.967 1.294.07U 544,781 972,014 80.319 6.5,375 625.102 1,037.J89 135.20U Totlll lhuritble ¢xp¢ndityr¢ 1.579.828 208,209 1,788,037 1,5 Ib,797 145,b94 1,662.491 Total re$Duree expeThded 2.155.707 208.201) 2.163.916 2.047,55U 14.5,hl)4 2,1 ¢)1,244 Ntl bialn&llo$5¢$1011 Is ?2t>.i)nn 22n,flDn
FIRSTSITE LIMITED CONSOLIDA TED ST A TEMENT OF FINANCIAL ACTIVITIES (CONTINUED) tNCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 ,,VARCH 2025 et loutgoingyiThtoming resources btlore tran$lers 1409,5991 409,50% 1941 i87,h97 376,568 (iros& Iranstrers belweeii funds 75S,Ob4 1755.064} 2.700 I2.7) et 1ncnme1lexpendlt) th¢ )earl .Yet Movement In funds 34.S,46S 1345,5.SYI 1941 14,42¥1 s0.1)7 376.5(? Fund blIanCeS ¥il l April 2n24 ?54,IIX4 C)Y6,6()2 9511,776 25%,512 3 IS.6¥5 574.2117 und bolin4¢s at 31 MAr¢h 599,549 95n.682 154.n81 95ft.775 2n0().
FIRSTSITE LIMITED CONSOLIDATED BALANCE SHEET ASA T31 MARCH2025 2024 2024 Notes ixed assets Tangible assets Herii&ige ssets IIiv¥Rimeni prilArtI% 18 432.7hi 79.400 395.WJO 17 36.24U 395.0(X) Y07.161 Curreni assets Siocks 22 37.IK)5 2(A.Y27 Debii) 24 ?i¥,L)I 52,C)72 Caih ill blink iii hdn 3114.2x4 374.Y25 Cr@dltrJM: lalllng dwt wlthln }e2r 25 151>1.7561 1287,4721 58.614 Total a%ses le%5 current Ilahllltles 955,(182 L)f)5.775 Cr¢dltors.' amounts fallln# dlle afipr rnore than one year 26 15,IX)nl 115.OnOI et AS1 95(J,(182 ¥5n.775 Gell¢iol r¢itiicied fiJn(lè eN'alLiation ie%¢r¥¢ ?86,hl.I 64.52 h.12,172 (A.5: .12 th9fi,fi9? tk,%ignli li,d lund% Cjiiiinil unr¥%triii¢d tuii(Ls Ji h1.12 61,12% 192.955 5.18.421 -SY4,54 ?54,1183 9fO,682 950.775 The fiiiRiicial 5th1¢nients Trer¢ approv¢d b). th¢ Trusl¢¢s on 2 October 205 ft Millard OBE Tru5tL
FIRSTSITE LIMITED CONSOLIDA TED BALANCE SHEET (CONTINUED) ASA T31 MARCH2025 202q 2024 Conipgny RtRAstvatlon.No. 2884347
FIRSTSITE LIMITED CHARITY BALANCE SHEET ASA T31 MARCH2025 2024 2024 Notes ixed assets Tangible assets Herii&ige ssets 18 800.-164 36,24U 395.0(X) 42u.491) 79.400 395.WJO IDO 17 20 1.231,71>4 Current Assets Debii) 24 ?114,747 23¥.Y811 5n,12i Caih ill blink iii hdn 21111.105 Cr@dltrJM: lalllng dwt wlthln }e2r 25 141>S.$611 1777.4351 12.670 Total a%se*s le%5 current Ilahllltles 98(1,293 iX)7.()fiO Cr¢dltors.' amounts fallln# dlle afipr rnore than one year 26 15,IX)nl 115.OnOI et AS1 981,2¢J 92.()r) Gell¢iol r¢itiicied fiJn(lè h9fv,fv92 Rtyilri¢lid tund% -32 fi96,C)92 Desigiiated funds 31 61.12 5h9.032 61.128 134,X40 63U.16U 1¢)5.y6 981.293 892,6hO Tliy fi(11 bt4lvni¥nlb 14i¢r< appi-ll- bv thv bwid vf dir¢rlvi& Jnd Jutknris¢(I fur ibSU< on 2 0¢-.vbvi- 2D25 bignLxI it¥ b¢lialf Nq8 K Millard l)B Trustee
FIRSTSITE LIMITED CHARITY BALANCE SHEET ASA T31 MARCH2025 202q 2024 Cmp¥nY RtgistrotitsTh Nv. 2884.347
FIRSTSITE LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 21125 2D2.4 2024 Nole5 Csh flows from thperatlng etlYltles 420,9118 2tTr1,fQ7 {4.18.0641 6.835 Inve51nieni iiicoin¢ received 246 ¢t ¢xih us¢d inv¢%t1¥ a¢tiviti¢$ 1431,2?91 1380,9081 Finhn¢ithg #LliNili RLpayin¢ni i)I' buiik lu4n¥ I10.rJnoi I I n.nnni .Yet ¢a5h used In flnan¢lno icilvStle5 I iu.uiyJi Yit dLrfLII$L ITh i#¥h #nd L#¥h iyulv#lint¥ 112B.4011 72,993 2DI,194 C8Jh 8nd c05h equlvaleil8 At end ot >'eAr 52.67? 72.Y93
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21125 ALl0tIn¥ puliL c.harity irtformAtion Firsrsile Liiniied 1% prii'are coinp4iny limiied by (JuarJnlee incoiporJie(l in EllgfInd and Waleg. The Yegistered office is Lewis Ci4rde.'1s. Higrli Street. ColLhesler. F,.54ex. COI IJH. BAS15 Ot. prepAfAlion Tlie finttncial $te[mellI¥ liJi'e beeii pi'epured in accordallce NN'iili the gTroup's ¥Joe1.li7y (IocLimenr. the Coinpamiey Act 21106 aiid Ili¢iird#nLL w'iih ihl Fintsn¥ial RLPI)Tlinui Sittndai-d JppliL'iiblL in Ihtt IJK and R vpuI)IIL Dt. Iruliind (FR8 1021 ILtl¥L'II¥L I lanuiii The liiiaiicial %ial¢menl.8 are prepared in 4itrlin%. wliiili ¢ tlie fu¢?¢lional curr¢t)o tsf Il)¢ group. Moneiary Amouiiis iii thei¢ rinHnrial slcilein¢n15 ar¢ rounded 10 Ilie nr(Ir¢si L. ilopittl &lre sei 0111 below. Al th¢ iiin¢ of ¥pptovliibT ili¢ flnan¢iJl y11¢1¢171$. Ili¢ TrLi>r¢¢¥ Iidl'e J r¢JsoiiJbl¢ ¢xpe¢iJilon Iliat ili¢ ¥i'oiip hys ¥J¢quui¢ r¢¥ouw¢s Chirllible lund% Uni'¢siri¢ie(I fund¥ ¥i'¥ilabl¢ for us¢ Ji the di¥¢reiion of lh¢ Tni¥ie¢> iii furtherd11¢¢ of iheir charitbI¢ obj¢ciii¢s. R¢%irici¢d I'iind¥ ale iiibje¢i to %ll¢iifiL Londi1101i% bv dorttsi'.% or grai'.IOL'i a% 10 ho Illey iiiay b¢ u%ed. The ind ii%es of the restricied funds ar¢ $¢1 out iii ihe Iioi¢s io Ihe financial $iaten)¢nts. 1.4 Incomtr Ii)Goiii¢ Is r¢COTnI5¢J th¢ gwroup l¢¥Blly ¢nliild to it f1ft¢r any p¢i'foiinAI)¢¢ ronditiony hai-¢ b¢¢n ni¢¢, the aniounib can be deed% Dt'Loveniint i£ reLo¥ni%e4 I?1 Ihc lime ot, Ihe dDiialii)n. 22-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 IconilThutd} InconK fron) granis is includtd in iiicoAiii)g resources wlitn iliese are receiTrable. excepi as follows.. when (lonurb 5p¢Lify that gTj%'eii lo Ihe charity ILlt b¢ u%ed in fuiure aL¢uunti& kYri(Ids: whLn d()niir% inJpL)%L Ll?ndiliun.4 %vhitli havL' l() bL lullilled tL'I()rL ihL ehtsriiy bLLtslmL4 eiiiiiled its U4L' 4uLh iiiec)mL', IIJL incoine deferred and ijoi included irt incoinin¥ I'e%ollires llniil Ilie precoi)dition8 hat been inei., litii donoi'5 sp¢cifv Ihal wMii15 aK for r¢511icltd piiipos¢s which do Iioi If tllOLini lo prcrondilioiis re¥ardin¥ £i)liilein¢nl. 1.5 bipendl¢ure EXp¥111[)[C i¥ a¢co>unltd for oli an &c£i'ual¥ basis and bteii cla¥sified uijdri. headin¥b Ihul 8¥¥TeTtr nll cobl rrlaled lo Ilit Liilvkuiy, Ikpre¢i41ion is r¢¢ogniy¢d so to wri1¢ off Ih¢ ¢osi oi. valiiJiion of Jys¢iy l¢¥¥ Ili¢ir re¥i(11141 v#lu¢y ov¢r their useful lii'eb on th¢ CiallLI¥ L'4IIIPIIILliI & IT oiriLe IT Heriiab7e Jsseis consist of piybi01151J donJied ¥it. Tliese a55ely al'e not depi'ecialed Js the tr&liie is noi considere(I to diiniiiish. Intre%tnitni prthperty Invtslmeni pmperiy. I1)1clI is properly held 10 earli iynials andlor foi. capiial t?ppiYciaiioii. is initiall). recogTriiised ai cost. which include¥ lh¢ purcli4ye cobt undJllJ diTecily aiiribuiabl¢ exp¢niliiiire. Subs¢qii¢iiily il is In¢dsured Éll fair i'dliic #t Ihe reporting end Impalrment of filed assets Al each I'epoitiijg ¢Jid dale. Il)¢ cliariry revitws il)e cariyiiig ainouni? Ot lis tangibl¢ and iniangible a55els to d¢iennine ivlitiher tliere 15 any indication iliai iliose asS¢t5 liai'¢ suffered an iinpairillciil lo55. If any 511ch iiidication exisrs. rlie recoi'erable ainDUlJt of th¢
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 IconilThutd} 1.9 Stocks Stock5 are yldied Ht the1owei' of cosi and e5111nled sellin(I price less cos15 to conipleie urid sell. Cosi compi'ises direci Indierials *ind. here yppliL¥ble. direLI l.IliL)Ul' ¢()siS Iliuse oiierlie4ds Ihyt hae been inLurye iinused holida} eniiilejneiii is i'eco¥nised iii Ilie peri(d iii ivliicli Ihe employee's Services are receii'ed. .1 Ritir¢mint b¢n¢fit$ PS.n7enis to detintd coniribiiiion reiireineni benefii sehemes are chThrged as expense as iliey fall diie 24-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 IconilThutd} 1.14 Consolldatlon Tlie Consolidted finJnei%il 51th1einenis incorporuie tlie financi11 yluieiiienis of Ilie cliariithble coimpdny Jiid ils sub5icliaTh'. As i)Iniii tYi)m IhL w¢)up tinanLial slalLniuiii% bv liu 471-4L¥I)Lin 408 11l.lhL C.IiiMpaniL4 Acl 2006. CrlliLAI I'stimllt¢'s judgL'm¢'n¢¥ suii)Pl)l)Ji% l)Ased on l)l%li)riciL l experiei)ce ai)d oil)tr taLir)rs Ihoi coi)sideird 10 he re eviini. Aciufil re%ulis may dillei. linim The ellitnley and underlyiny ilSSLiniplions re revieived on ongToin&T basis. Rei'i5ion¥ lo uccouniingy esliinJie5 are Yecogrnise(l in Crlilcil Jud%emeits Depref Satlon Hiril#¥i #$$LI$ Investmeni prthperly Tlie gjioiip 0%4'ns an iiiveslment pi'operty wliieh is reiiled out to ienanis lo genenle ineoine. This was liied in 2020 by an 25-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 Dun¥iiony ynd IL%IILiL UnrestTlCted Ilestricted TotHI UtiSir1¢1td Resirided Tott]I funds runds I25 ZO25 2024 2n24 Ilonarions <ind kil Grants 3.f.-$72 1.026.515 452.121 545.526 1,096,515 568.874 1.595.389 1.026.51 S i.n62,087 568.874 1.572.041 Cranls re¥ivAbl for ¢or aetivitiei Qlliuy 1.020.515 1.595.389 I,Q26,515 l.Q2fi.515 1.026.fj15 568.874 1,595..789 1.026.515 InroTht froffl IveStl¥Al# Unr¢%tri¢le funds 2024 rund 202S Rent1 incoine Iiiteresi receii'3ble 6.8311 23,284 246 6,834 2 J.5.10 26-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 ChMriiMblL' l¢tI%LtLI' Lefirnlnx & educHtio Art15tlt prtsgr4mm Tot91 TotAI 2(24 1,024 7.%.-%CI8 81.426 2(?,72 47,21(1 2h.7?11 48,840 73 1)44 75.5()X ithr the iegr ended.11 MArch 2n24 4,1)56 4.fiS6 77,270 44,480 44.4XU 37.446 l.(J26 Expendiiure rilslng Llnri$ifiLI(.d runds Unristriiic41 runds 2024 Fundr8lslng and puhlltltv Siift'cogis 15.SV 28,045 Tr#dln¥ ¢usts Opera'.iiig Irading conjpaiiy 560.371 5r)2, IU8 Toldl LtistS 57S,879 £.10,7$1 27-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 OthL'r inLthniL LTmre51ri¢ttd rund8 Unr¢&tri¢te funds 2024 Other income Audiioriuin prograniine 650,194 265 672.315 680.459 672.315
Charllable 4rtlvltles
LeArnlng & educatlDn Tvtul 2025 proKramme 21124 2025 57.7n7 216,607 274.314 43.1( 2.39.1.59 3¢)3.17¢) rkpr¢¥iulivii iinpuiniirnl l)ir¢¢l ¢osis 103.781 217.570 79.5.14.f 5SCI.Ci33 6Q(>.749 3(J3.055 19,3(59 79,556 I. | ?2,424 108,980 I,aC)Tr.f.51 55.Q91 Shdre of bTOI'¢fiiuiiLe LL)%l% {b¢e iiiil¥ ¥) 497.967 1,294,070 |,7148.(J17 1.6fi?.491 An¥ltrsl¥ by fynd 42fJ.958 1,158,87 1,579.8?8 208.209 Resiricied funds 145.094 497.9fi7 1,294,(J7(J 1.7RR.(J17 For the yenr ethded.11 M4reh 2024 Unr¢¥lriLl¢J tuiids Keslri¢l¢d funds $44,78.3 80.-119 972.014 65.375 1,516,797 C)25.1 n2 1,037,389 1.(16?,491 28-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 Support Losty ¥lloLXtLyI to IlLIIVLtiL'S 202.5 2Q24 Siaft'Lc>sIS f 78.519 418,19.5 ()ftice io$14 (),4X6 42,8311 26,299 39.1144 16,4fb4 Cviniiiuni¢Jliuns ?27.23y 111,59n 27h.¥ I 15.1.991 880 Co)Inp.Ittr (In(1 telcknUI Lilences and susbscripiion (ii)vernonLe cosls IUX,U7 55.IItM 1.231,4(14 I,U5.%,742 Anglysed between: Artislic p¢'¥raniJne 33?.47 9y,9? J 31)5.444 OM.29 1,211.404 1.055.742 et movement fundg 2U25 224 Fe¢$ Yable for Iht aiidii of ¥lioriiy's linon¥ial 5Mi¢nitnis DLprixiaii(>n iil'iiwrtid illiigijl)l¢ lixid 14,U33 -lfi.dJ7 ru¥tL%'¥ rtiimburSLd a Iiiliil Iil'L518 irnv¢lliiibT LXPLnsEs12(124'. 111)L fLiirburs¥d.L27lli. 241-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 12 EmplovL' The average Inonrhly nuniber of emplote$ diiring rlit Trear was.. 2025 Number 2024 Nurnr DiY¥¢li)r Oeii¢rdl 57 (18 78 Ernplo}ment costs 2025 2024 Sdlarils Social srcur¢l> c051s other ptitsioii iosls 774.122 5¥.444 27.153 68,607 -11.6¥3 86fi.219 ThL iiiiiiihl'r <)I'impli)y¥iS whi)li liiiiiu.ll rLii)uh¢ro1ii)ii m(Irc IhHn 16n.IM)D 1% r()Iltsiv'. 21J24 Number Yumb¢r £70.001- 180.Th)0 £8U.Ui>I £I)V.(xJu ReJtr)uNerhtion of key m:In4gtmeni per$othn¢l The r¢n?uneTalion of key ii)ai)agTr¢iii¢1i1 per5Diin¢l was a$ follows.. 2025 2Q24 Aggregate coiiipei'saiion 178.103 188,780 Audltor's remuner#tlnn F¢es pthi'Abl¢ its iht group'$ lluditor$ #nd *$soii¥t¢%: 2Q24 Audit Dl'ihe groi)P? aiinual acLouiits 16.143 14.U33
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 14 Tthxatio The chariiy is exeinpi froin raxaiioi) on its aciiTriiies because All irs ii)come is applied lor charittible purposes.
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 Total Unresrricred 2Q25 2n24 Revaluaiion of inve511nenl plpertIeS 220.Q()O ifj Pr•ntllL¢)$s) OY Parettt Compan As Ptviiiitlrd by S¢rlion 408 oi IIiE L'oiMpi1111¢S Acl ?OCkn, Ilie pi'ofil ynd1055 ilffOUlIt of the pdr¢nl coiMpdTiy iy iioi pr¢s¢lll¢d pdrt 17 Herit4ie 49$¢ts Group and Charlty 2018 Al l April 2()94 7LJ.4C) Ai l April 2024 and ai 31 Mar¢li 2023 36,24V The h¢riiage o.%%¢tx are ciirr¢i)tlv tralued in lithe lIh the lliiiouiii th¢ ryss¢i% ar¢ likely to hell lor. Tlle ah*¢Lq were Itvalued 10 tlii% value 11 lh¢ year. 32-
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FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 19 TnvL%tmL'ni pr(bPtrt JTnUP and charlty 202S Fulr vAIu¢ Al l April 2024 di I l MarLh 2025 395.flon The tair i'alue ot'ilit iiii'esiineni prop¢ny lias beeii arrii'cd &il on Ilit b&i%iS of a vali)alion carried OLlt oli I l F¢bru42rv by Moi'lei Riches & AbleM,hiie Clia11ereil Sui'keyors. i¥lio 1101 coiiiiecred 'Ith Ihe gip. The valiiaiion was made on ali open niai'kei value basis bj reference 10 iiiai'kei ¢bidence of transaction p:'iceb for siinilai. pioperiies. The BNrd of Tnisieey consider Ihal Charli 2(24 Notes 21 bubsldlArles Separait company liiilliicial slJieiiienls are Lequii'ed lo be pi'epRred by law.. C'0(1lidaIed financial slaleinei)Is for the Fir&isiie Liiijiled GIDup dly Pltpar¢il uiid PLibli¢.y u%'aildble. Deitsil% of the groui?'% %ub%idisries Al 31 M8rLh 2U25 tsrt a.l follow%'. 4'¥mL' vf undL'rlllkin¥ #nd LountrTr uf IncorpratIon reiSdent}' N#turL' uf buiinL'Y h*velbTrldln DSreet Fip415ilb Enl¥rprisis Liniilid Uiiitld KiiiL-Tdvni TnidiiibraTm vt'iliiii-ity OTJinaiy 22 2025 2124 Sliop slv¢k Bar aiid raf¢ Stk 3,968 6.240 -31.(?9.1 37.QQ5 35-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 Finthniigl instrumL'lIty JTnUP Z025 224 CArrilnR of fingnelol assets Dcbi io51111m¢nis ffj¢asui'¥d il amor115¢d cos1 115.259 155.d47 CarrilnR of nn$nclo1 Il*bllltles Measui'ed ai f&ir va1iie ilirougkh piDlii or loss 345.772 3113.593 Charllv 2025 2(24 ¥rriln¥ nnan4ithl ¥s5L'Is 261.4?2 I h6,6ti3 C.#rr>in¥ rinaniithl liibililié's MeabvreJ ¥1 4llllllrti%ed Lu%1 201,1 ?n 2t>.1,189 Di'blur rollp 202.1 2(24 AThount5 fAllln% due wlthln one yewr.. Tr'ide debi()r% 5.23.1 194.nii4 20,012 I J7,4A5 10g,S80 Pi'epdyiiienis and ¥LLfLied inLume ?lQ.Qlg ?.fA.4?.7 Diblur¥ Charllv 2(24 Amounts fAlllnK due wlthln one !'eiv'. Triidt deblthr% 9411 nihir Jvbtvi Pi'epuymenis Jii(l JccrLi¢d income 189.342 14,46.S 2n4.747 219,98n 36-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 CrL,dilors: ¥mounts fthllin¥ d•L' Wltknin unL' vL'Ar JTnUP 2(24 Notes Bfink Inai) 27 25.8_32 27.71 D¢f¥rrEJ inruine Trade il'edilors Z8 225 152 11)4.U41 125.495 CrL.dilur$: [bU1¥ fMllin¥ diL% Wlthin vnL' yL'Mr Charli 202.1 2(24 Notes 27 its.()uo 25.832 2?$, I S2 145.1$6 27,718 Deferreil incoine Trade ci'ediiors 28 66,695 AiiiouiJi% ts'td 10 iub%idisry iindei1llkiiigh nihir wrLJilors A¢¢rualy 78,177 119,946 495.561 277.435 and ehgrlh. 2025 2fj24 Note5 Bank loai)s 27 5.(XJU 37-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 27 L¢bans And uNI'rdrufts JTnUP and charlts, 2(24 Bfink Inai) PAyAble wiihii) i)ne yeiir 15.a()Tr The loai) taken 0111 in Sepieinber 2020 foi. a iertn 0172 Inoi)Ih$ 10 Jnjiigère rhe Iini)aLI of the CL)rontsviru% pandeinic. li will be repaid Iii equal iiisralinenis of £831 a nionili ai a fixed iliieresi iiie of 2.50 assets. DL,fL'rrL,d inLUm&' 224 nilier LleterreLI iiic'Dine ?2$.1 $2 2U7.j71) gi'ani tI1'¢d fron) Ar15 Council Engluiid in Marcli 202.% for Ihe purpose ol-core costs. This ¥rani is allacld 10 perforiiance coi)dnion5 IvI)icli w'¢re 5alisfi¢d in April 204$. A5 Such, reco¥iiitioii of this UTfillJt has been dvfei'i'ed and will b¥ 202J 2(24 72$ 152 Moi'einen15 in il)e Jear.. Defei'yed incoine ai l April 2C):4 RLS<)UILLS dLIL'II-Ld 1t) Ihc yL'TrI' 225,152 Defeii'ed incoine ? l March.IC)25 225.15? 29 Rtlir¢m¢nt benefit $eheme8 2025 2Q24 Dellntd ctrIbull(Jn %cheme Ch#TbT¥ l(} PT<ilil c)r Ic)4% in r¢%peci i?t'J¥tinLJ Li)ntribiitiiin iL'hL'niLS 11,68_1 38-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 29 Retlremtnt benefit %¢heme IconilThutd} The group operaies a defined coniribuiioii pensioii scheme for all qiialify'ing eniployees. The a55tiS ot th. scheme at'e l)eld separately froiii 1110sc of ilie &TI'OLiP in an independet1t1 adininisiered tiitjd. Audltors ethlcil stAnd9rd5 The relei'ajil circiimsiaiices I'eqiiiringTr disclosiire in accot'dance 1th Tlit requirenienis of APIJ Eil)ical Siandard - Provisions prVpultION ut'ilie a¢iouiits'. Ilnrf 8tri¢t¢d Al l ilpril 2024 Rv&uwrLe¥ exptiided Trhn$f¥ri Gain¥ #nd Iv¥¥tdt.11 MMr('h 2Q2.4 resDur¢e4 Year h1.128 Genenl fiiiids Iy2 1)30 1.740.1(18 12.115.707) 755,064 138,4?1 54.084 1,746,108 12.155,7071 7.i5.064 PreTrloui year". At l Aprll 21123 IncDniln% rcsvurics R*soiirceJ LxpindLxl Transfer5 GBlns And loilet 31 MAreh 224 Museun) ot'ilie Yeur 61.12R 197,.384 O¢n¢ral fiinds ,820.421 12,047..$501 2,700 220.000 192,955 258.512 1,820,421 12.Q47,55O1 2.71) 254,a8.3 341-
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FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 33 First51ti DLI'LIVp(t Appl41 This I'¢ldl¢ tu liKthl dss¢15 puir11¥¢ uui ()f i&is¥J full()w'inbT a %p¢¢'ifi¢ ¢#nipai&pn tvr Iliv ut'FiYtslsilL. Arrn'ork Fund Tliis relaies 10 wod(s of arl doi)altd 10 the gall¢r)' i¥hich arc held as heritsgie RSb¢tS. ColleeiThrq Cirthup Artl%i Support Fui)ds raised bj Ihe Q'ollecrori tsroup Ihi'ougli Membership fees al speciol e¢171S 10 be ud 10 suppori hriisis ivjrli Ihe Lollecioi's Group antiual burTr aThards and 10 coiitribuie 10 birsrsiie exliibiiion fuiidraisinb project$. Retuee Actlon Reit8urAnt {The Peoples Postcode lortern} 'orking7 will) Sjrian Refiigee C oniinunilv. prolidiiig facilities io )dble people to Inix.. dei'elopiiig transferable skills & achieviiig Brlll$hnoss PvoJtt¢ Siipporiing Learnins) & Educaiioii activities working 'ith youn& kYDple rosS Essex In a vjrieiy c>f ¢du¢aiional seiiingis 10 prodiice J ger of 'OrkS boih duihored and ¢i¢al¢d by younb peopl¥ fiDin nuiion#l ¢oll¢¢iion¥ M,Iii¢li yiv¢ # hi¥li profile pl¥ifoi'iii for youn Co(dt-Adam5 Flrst$lle Trus1 RttAII Ilonalioi) 10 5UPP011 the coiniii $5ionin&T of art151 Inercliaiidise for sa.es In the gall¢ry 5110p. Youth ]81( To eKpJnd yliung people's Inusical uiidtrslJiiding, elpresbiun ld skill¥ illk1udinl iinpi'o%'ibtiliun, %¢1l'.aWarene8 ai)d Cl'ealivily. Nc'w Gi(b¥r#phl¢'s- Wy¥ln¥ Arts TIIL Eoll fiiiiiiinFX)riii? I114Lidl Aith NLlwiirk IECV ANI IEiuiiIIILJ NLW CJLx>girJpliiLS iii Miiy 2n1 8, J IhrLL-yLar pIrlrhIp bLIwLLI) focussed upoii Ilie pei'secuiion of men and ivomeii iii Essex who 'ere bi'iiiided as ¥¥'iiches. This piDJeci coniiiiues 11)ID bui lias beeii 2021. G#rfitld WL¥ltsn Fuulld#¢lon Firstsiie was awarded pa11 funding to 8uppori a ligliiing renewal pro8rninnie wiiliin the gallery are28 ol. the building. These I'Linds are due 10 be uiilis.4 in 2091122. 42-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 33 IconilThutd} Arts CunCIl cvlk.i1iv Nutiunal F#rtirS Pro¥r¥mtnc Year of a Ilirte-year funded progrhmme by Arts L'oiincil England's Nationol Conieinporary Art Lolleciioi). Tlie prograinme con$isls ol sei'eral exliibilionq thai are eo-iuraied by cointnunii). groups in Colchesier. M'hicli explores Ilieir experiences of lile it) Ilie Uniigd Kiiigidom. be il iLIIurdl. soLiHI. or politiL1. li explores and Llialleiigre8 widely lield perLYplions ubuLII iJenriti' and of Ihe projeci. li) aildirion, Black E.8cK tui)d& anil NHS Q oiid projtcr pari luiid the project as i)llri of Ihe iiiaiched funil lig uir¢meJii froin Ihe lunder. Holld*>' Flln fin&211cial yei7r Ilie projeci has beell fuiided by E$$ex Comiiiiiniiy Fuiid. Aciive E%8ei. Bl$¢k Es$ex orkinR In ts 8otieiN in wliicli a person with black qkit) li otlen coniidered Interior. ¥¥ lili prtsbiriin)mL pai'illLr_% Newlyii and SiithdLI'ltsnd Lttlllt1nwfiiry am biallLI'I¥%. NHS COVID Pi'oj¢¢t- Al't fvr Lift A fiinJ froin the Nonh Eayl EsseK C'linicil coinini5sioningT GroLlP who approdched Fir51yile to niake d project Ihui recorded the c'ovir)-19 experi¥nLe.% lit. NH8 kev wiiiliers. Tlie PTojeLI ¥iiiiteJ willi y s11)IKil¢ que¥iiiin. T¥ll u% :IlK>iII yvur experienve ot. Ilie paiid¥miL. Art Fthn- Culiyr¢ In Qumrmntlne The Grear Art EJhlbSllon riindLd by Ari% C.OUllLiI CollLkniiun. r.ii'.41siiL LfLaiLQ 1 n¥tiL>nlI dibtiiul dri Lxhibitii)n vnlinL. ThL urlwuiks dfL LILiIIL¢J by IniinlKr5 Iltiy dliring 21121,?2. FuiidinbTr for tlii% projeil beeii rccei¥'¢il ofter Ih¢.31 MIlTch 2U21.
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 33 IconilThutd} An)pir5und- Mirh#cl Fui)dingy trom Ampersand ro quppori Ihe Micliael La1Y 'W'elcoirie 10 Essex. exhibjrjon Ihai explores Ihe urban r.Ivihs, I'eceived 1'15doiiis and blhiani %iereoiypes aboiil the coiinii, of his birih. Essex. Laiids lia% pI'Lueed a sei'ies c>f libItIOLIS nev¢ coinniis$ioiis l)aged on ilie hislorv of Essex, dnd hig fasLiiiAiion w'ith Ilie Louni). 3 Lonleinpordry portrayal in pc)PLilai' LLillure. W'elLoiiie tu E55eX Ill¥ Plli'ly irLI Aiid li(> IhL %iLfLYilvpc 1% rcii)li)rcLd by IhL l)Icdiii Eind TV shill$ %IILIi Bird% ol 4? Fe1& ther aiid Tht C)nly Way 1$ E£x. Art Fund- Dlgltèl Responil & Re-lmaglnt Art$ CO11 F.(hgl*md Culture Re¢tyNery Fund Fundiiib lor capital iinpiovvin¢n15 lo ¢iiabl¢ acr¢55ibilily lo th¢ Firslsil¢ building b> pm¥ idin¥ riinp a¢¢¢$s lo Ih¢ liisloric Rvrryfivld fTQln th¢ v¢r¢inda and 44-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 Anmlisis of ni't thssi'ts Ix'tllL'L'n funds Cjroup Unrr¥trLLtid RLslriLILYI TtAal Fiind balai)LL% .11 MdfLh 2Q.75 1[ f¥pT&ill hy.. H¥riia4e Invt51.iienl propei'Ties 16.140 395,QUO 1?87.4721 145.f.iOOI -11).5.OUO ICI02,3651 145,0001 314,893 55l}.j411 J IU,6¥2 nalFs1$ net assets hetweeTr fund& Chyrilv Unre8trl¢ted Resirl¢¢ed Tot81 F'iiiid balances al 31 March ?015 are repre5e(iied by.. TRiigihle ass61¥ HeritTr8e Dssets IIivL's111Lni pThiNriiL 800,-364 800.364 36,24 395,aC) Ir)0 36.Tr4U 395.nnD IC)0 1$60.3041 135.UUUI 314,893 bvO.160 9$1191 ¥u4r#ntlL$ Luntlngrnl118bllltlis
nd eharlty
The IJiv¥51m¢ni prop¢rtv. 13 Que¢i) Sir¢¢l, was piirclias¢d willi lh¢ aid of h ¥raiil, Th¢ l¢rin5 of il)is ¥rai)I siaie tlia¢ Fii'sisii¢ Liinii¢d nii¥lil liavt lo repay the donor Il)¢ir %liatt of Ili¢ n¢1 P]D¢¢d8 of tli¢ future Sale of the prop¢riy. Shoiuld tlK property be 501d foi, it¥ IUTI'Vnt n¢1 bvvk valu¢. Firs15il¢ Liniil¥J IMi¥Thi po¢¢nli<illv bv r¢qlilr Iv i¥pJv 1100.000. lil.lun 2D25, whtn Il)L Pl'l)PL'fiy %i)Id, In sini)llni Iil'LIDO,O(M) w&8 fLmiiiL'd Tts Iht Lii)ii()i. 45-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 Opi'raiin¥ IL'¥¥L' LiJmmitmL'llt Al the reportingT erid dJie the tiroup had Ouisiandingi coininiiinenls for fiiture tniniinutn lease payinenis under iion.cxncell&ible 21124 Witliin (In¢ y¥ilT B¢lwetn Iwo and fi¢ years 2.827 4,CJ47 4,947 7,4.13 37 Re)gied parti. tr8n81¢tlons The gbyoiip used the serN'ice5 of Elii'keii Lonbi LLP lor lebial adNice. of ii'liicli one of the TrLisiees is a Partner. Traiisaclioijs were Lurried uiil in il)e iiorin41 L()ury? of business uiider LoinnierLi41 tenns. Tulal feesuilli)uiiled ti) LE212024.. 13.9141. C#$h gen¢r4i¢d ftt)m up¢rNtlun$ 202.5 2(24 IDeticilll8urplu% fi)r The y¥,Ir 37h,5711 AdJu%tment% ftsr.. 16.8341 12461 1220.f.iOOI 10?071 fvIuiL'mi'nls wurkln¥ ¢¥pltsl: l)¢cr¢as¢ In stock DecreJse iii debiors 9.242 45.uts ill,293 2?5,152 51.I7X InLfLlW' in dL'lirrL'd inL(Imi Cash generaitd trom oper9tlons 46-
FIRSTSITE LIMITED NOTES TO THE FINANCTAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21125 39 Attalvsls ofehan2È8 In ThÈt fuids At l Aprll 21124 Cash tItsw9It 31 Mareh 2I25 Ca$li ai bank aiid In hand 79.¥93 12U.3211 52.a72 110.OiX)I 11 S,OIMI Loaiis falling diie atier Inoi'e iknji one year 10.uoo 47.99.3 47-
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