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)te￿st 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 Tre￿1)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 Fir*isii¢.
brin8in¥ their Ir¢asure5 to be ￿31￿ed 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<ll Qiid to IWO l)Loplc wlioyL %%'ork fjiid til)IL ha￿ bLen viial to Fir.%t%itC'% LO¢lllrtucd
5ucces8.
Firyll> eJrligv this yedr we sdid bioodbv¥ to OLII. WLindvrful depiit} C'hair Riehdrd PoliTriii. who served on the Board Of Firsisiie fiii. Indny
Secoi)dlv. we als) bid fareN*ell io Sarnh Ca¥'en-AiaLk who seri'ed in iiian). roles ￿1 Firsisiie. bui was laiierly our Lhiet'OperJiing Ofticey.
Sllrali s professionali.sni and dedicalioii 10 Firsisile awe4Dme. Tlie li¥lilingp rigi ￿lIe in51alled across Ilie gialleIy- wliicli noi only slioHs

FIRSTSITE LIMITED
CHAIR'S ST A TEMENT (CONTINLED}
FOR THE YEAR ENDED 31 MARCH 21125
I would alqo like 10 iliaiik the eniire B￿1rd. 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 ￿0￿1￿ 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't1LThLItI￿L. l Jllniigry 20191
Objectlves and &ctlvltSes
The charil) s object and ils priiicipal acti￿￿tY 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 I￿￿ed 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 lils￿ry. Risin￿1 LO>lS. inLreJsin¥ilv fragiile fundrdi5111g
ari mi2iier i?nd lo demoii.4traie ihe e%seniii?I rol¢ o(creaii¥iiJ iii bllilding I￿pPY. 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 CO1￿1￿illI1eiit- 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 Tr￿￿or F￿n￿llk ¥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 n￿lIllIa)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'rform*Lne&'
uc'liviiji'.% (iiidtsc'hiL'trÉ'tsiviiiy ￿￿￿￿111￿1 obiL'eiii'É'J
Artlstle Pwo%r4mme- R*dAcAI 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¢ Y￿1- 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 f￿1n11Y sebblUII5.
Booz>' BrLi¥h¢y Ilie Lute LuiinsT¢ sei'i¢¥, brinbpiNb? new 4udi¢nieb energ'y iniii the building.
C-oniiiiu*J 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 (l￿pIY ￿Tr￿l¢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 t￿er￿Y 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
FinthnLi*l 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 Co￿er ar leasi 3 imoniljs of e¥penciiure.
pr¢sbur¢¥. The uccumiilu*d 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'inii￿L%,
iucl) As Holica>' Fllii and O￿l. I'olliig Art Kon)Jllunil%' IY AKI.
The iradiiig* acli￿lI1eS 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 In0￿1107.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 PrE￿iCu￿ y¢ui' and & bli¥Thi d￿rEa¥£ 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
l￿dI10r9 £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¢ru￿15 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 a￿TI.¥< 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 ￿ I￿e￿ing ol-lhe Noiniiiaiions and Reniuneraiion L'oinmiiiee 10 decide oli Ilit successful candidaies.,
(i. Pill fUrw￿rd Ihe naiiies of SLILLessful LJMdidJles lu d meeiitibt uf the Rourd c)f Tru51ee5 tor fonn¥l dppr(1Y￿1.
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¢11￿￿1 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 ￿t￿ILMl￿tI 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-Fir*t%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&i*d slaleinenl of c￿h
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'
St￿7￿￿&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'¢(lui￿li1￿￿rS 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 b*oin¥¢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 wh￿her 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 Cr*mpanle% 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 fin￿CiaL year for which il)e financiRI siaieineiiis are prepai'ed. iTrl)icli iiicludes
Ilie dir￿0￿&, 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￿.1tj￿Te and unders1andin¥ of Ilie giroup and its eti*irotJiiieni 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%
AudIt￿r,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¥¢ fin￿l￿VId1 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 I￿v￿llU￿ ihol htsd IK'LIi I￿L.()g￿nI1CJ
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
dj11￿1M￿'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 TtP￿rt
Thi* Te￿rI 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$9
Tntal Ine(bmt
?,3()3,%22
i21).3¥1
2,349.y. l ?
15.50%
.SC>O.371
2¥.(￿5
Sa2,108
2%.fi45
56n,171
575,879
57fj.%79
53D.751
53n,753
L¢41niinu & wJuLlItioi)
AriiSlic pro¥yAlI)Jne
420,958
1.158.870
491.967
1.294.07U
544,781
972,014
80.319
6.5,375
625.102
1,037.J89
135.20U
Totlll lhurit￿ble ¢xp¢ndityr¢
1.579.828
208,209
1,788,037
1,5 Ib,797
145,b94
1,662.491
Total re$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
s￿0.￿1)7
376.5(?
Fund b￿lIanCeS ¥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 pril￿ArtI￿%
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%se*s 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 AS￿1
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 20*5
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 AS￿1
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￿￿￿(1￿1 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
C￿mp¥nY RtgistrotitsTh Nv. 2884.347

FIRSTSITE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 21125
2D2.4
2024
Nole5
C*sh 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
ALl0￿￿tIn¥ puliL*
c.harity irtformAtion
Firsrsile Liiniied 1% ￿ prii'are coinp4iny limiied by (JuarJnlee incoiporJie(l in EllgfI￿nd and Waleg. The Yegistered office is Lewis
Ci4rde.'1s. Higrli Street. ColLhesler. F,.54ex. COI IJH.
BAS15 Ot. prepAfAlion
Tlie finttncial $￿te[mellI¥ liJi'e beeii pi'epured in accordallce NN'iili the gTroup's ¥Jo￿e1.￿li7￿y (IocLimenr. the Coinpamiey Act 21106 aiid
Ili¢iird#nLL w'iih ihl Fintsn¥ial RLPI)Tlinui Sittndai-d JppliL'iiblL in Ihtt IJK and R vpuI)IIL Dt. Iruliind (FR8 1021 ILtl¥L'II¥L I lanuiii
The liiiaiicial %ial¢menl.8 are prepared in 4itrlin%. wliiili ¢* tlie fu¢?¢lional curr¢t)o tsf Il)¢ group. Moneiary Amouiiis iii thei¢
rinHnrial slcilein¢n15 ar¢ rounded 10 Ilie nr(Ir¢si L.
ilopittl &lre sei 0111 below.
Al th¢ iiin¢ of ¥pptovliibT ili¢ flnan¢iJl y1￿1¢1￿¢171$. 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 charit￿bI¢ 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¢CO￿TnI5¢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 I￿Ll￿t 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 ha￿t 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¥1￿11[)[C i¥ a¢co>unltd for oli an &c£i'ual¥ basis and bteii cla¥sified uijdri. headin¥b Ihul 8¥¥Te￿T￿tr 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. I￿1)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 e5111n￿led 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 ha￿e been inLurye<i In l)riiigTillgF the sloLks lo ilieiwpi'esgni
Nei realisable *alue is Ilie ehtijraled 8£llin¥ price lesl %?11 esliinared cosls of ion)iilelioi) Jnd co414 lo be inLiirred in inaik¢li1¥.
.10 Flnxntlfil Instriim¥ni$
Elasi¢ fiiijiicial insirniinenis are iiiiiially r￿￿￿*￿i$¢d ai IransJ¢iion value and siibsequ¢nil!' Ineasui'¢d ai ainonised Cost.
C.orpor￿li0n Tax Acl 2(IIU. Ac¢ordiii¥lv. Firtslsile ib porliRII! ¥x¥inpr froiT) laxaiion in Irbwct of inconi¢ oi. capital r¢c¥ji'¢d
'itliiii th¢ L4IVb?{)Ti¢¥ by Purl I I, CvtpoY4tioii Tux Ail 2[)10 oi- Sv¢lKJli 256 vl'ili¥ T#xHtivn ul. L'hJTLT￿bI¢ Guins All 1992 Iv tli
piirposes *Jid conseqiienilv inp￿1 ia¥ on its purchases ale iiot fiill5' recoveixble.
1.12 Employee henelli
The cosi of aJi> iinused holida} eniiilejneiii is i'eco¥nised iii Ilie peri(d iii ivliicli Ihe employee's Services are receii'ed.
.1 Ritir¢mint b¢n¢fit$
P￿S.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 Consolid￿ted finJnei%il 51th1einenis incorporuie tlie financi￿11 yluieiiienis of Ilie cliariithble coimpdny Jiid ils sub5icliaTh'. As
i)Iniii￿ tYi)m IhL w¢)up tinanLial slalLniuiii% bv ￿li￿u￿ 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 ellitn￿ley 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
Uti￿Sir1¢1td
Resirided
Tott]I
funds
runds
I￿25
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 r*e¥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 I￿veSt￿l¥Al#
Unr¢%tri¢le
funds
2024
rund
202S
Rent￿1 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$14
(),4X6
42,8311
26,299
39.1144
16,4fb4
Cviniiiuni¢Jliuns
?27.23y
111,59n
27h.¥ I
15.1.991
880
Co)Inp.Ittr (In(1 telcknUI
Lilences and susbscripiion
(ii)vernonLe cosls
IUX,U7
55.IItM
1.231,4(14
I,U5.%,742
Anglysed between:
Artislic p¢'¥raniJne
33?.47
9y,9? J
31)5.444
OM.29
1,211.404
1.055.742
et movement fundg
2U25
2￿24
Fe¢$ ￿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 emplo￿te$ diiring rlit Trear was..
2025
Number
2024
Nurn￿r
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 pl￿pertIeS
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-

> >n

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 gi￿￿p. 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(1￿lidaIed 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
Incorp￿ratIon 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¢ St￿k
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
2￿24
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$: ￿￿[bU￿1¥ fMllin¥ diL% Wlthin vnL' yL'Mr
Charli
202.1
2(24
Notes
27
its.()uo
25.832
2?$, 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&'
2￿24
nilier LleterreLI iiic'Dine
?2$.1 $2
2U7.j71) gi'ani ￿tI1'¢d fron) Ar15 Council Engluiid in Marcli 202.% for Ihe purpose ol-core costs. This ¥rani is allacl￿d 10
perforiiance coi)dnion5 IvI)icli w'¢re 5alisfi¢d in April 204$. 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 c￿￿trIbull(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
prVpul￿tION 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 loile￿t 31 MAreh 2￿24
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-

x i I

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 u*d 10 suppori hriisis ivjrli Ihe Lollecioi's
Group antiual bur￿Tr aThards and 10 coiitribuie 10 birsrsiie exliibiiion fuiidraisinb project$.
Retu￿ee Actlon Reit8urAnt {The Peoples Postcode lortern}
'orking7 will) Sjrian Refiigee C oniinunilv. prolidiiig facilities io ￿)dble people to Inix.. dei'elopiiig transferable skills & achieviiig
Brlll$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¥ illk1udin￿l 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 p￿Irl￿r￿hIp 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 Cu￿nCIl cvlk.i1iv￿ Nutiunal F#rt￿irS 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 politiL￿1. li explores and Llialleiigre8 widely lield perLYplions ubuLII iJenriti' and
of Ihe projeci. li) aildirion, Black E.8￿cK 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>n￿lI 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 La1￿Y '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'L￿ueed a sei'ies c>f ￿libItIOLIS nev¢ coinniis$ioiis
l)aged on ilie hislorv of Essex, dnd hig fasLiiiAiion w'ith Ilie Louni).
3 Lonleinpordry portrayal in pc)PLilai' LLillure. W'elLoiiie tu E55eX
Ill￿¥ Plli'ly i￿￿rLI Aiid li(>￿ IhL %iLfLYilvpc 1% rcii)li)rcLd by IhL l)Icdiii Eind TV shill￿$
%IILIi Bird% ol 4? Fe1& ther aiid Tht C)nly Way 1$ E￿£x.
Art Fund- Dlgltèl Responil & Re-lmaglnt
Art$ CO￿￿￿11 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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