Company r¢gistration number.. 04130347 Charity r¢gistration numbcr: 1098334 Goldhay Arts IA Compony limited by 8uoranttt) AnnwAi Report and Financial Statem¢nts for the Year Ended 30 Nov¢mbcr 2025
Goldhay Arts Contents Referencc and Adrnini5trative Details Stratcgi¢ Report Tnls, Report 3to4 Statement of Trysltts, Rc5ponsibilities Indcpcndent Examin¢es Rcport Statement of Financial Activities 7t08 Balan¢c Shcct St&temeftt of Cash Flows 10 Notes to th¢ Financial Ststemcnts Ilto22
Goldhay Arts Reference and Adniinistrative Details Chairman Mr lan FTederi¢k Ralpb MiddlebrooK ChaimiaD Trustees Mrs Clare Harlow Mrs Marilyn Exlon Ms Ang¢la Frances Morrii Mr Ian FrcTiCk Ralph Middl¢br¢M)K Chairman Miss Lisa GIlS Hawes, Tr¢8surer Mr Christoph¢r Walsh Seeretary Chrfity Regl%tr#tion Number 1098334 Company Reglstrtlon Number 04130347 The charity 15 incorporaied in England and Wales. Unit 34- 36 Ortong4te Shopping Centr¢ Orton Goldhhy Peierborou8h PE2 STD Gross Klein Wood 26B Tesla Court Innovaiion Way P¢ierborough PE2 6FL R¢stered Offl¢e Independent Exantr Page I
Goldhay Arts Strategic Report for the Year Ended 30 November 2025 Thc trustees. who are directors for the putposes of eompany law, pre%1 their strategic Teport for the year ended 30 Nov¢mb¢r 2025. ID compliance with s414C of the C(Mnpanies Act 2006. AchlevtmeDts and ptrformJin¢e Thi5 financial year marked the charity's 32nd year of service and what an honow it has been. It also marked y¢ar numbcr 2 in its new premises. moving back home to Orton, Pet¢rborough. Whilst we have had some damage to the space following a prolonged leak from a flat abov¢ us, in general. it has been great getting u5¢d to thc new building and Tnaking iKst of thc spacc wc have acqutre Our memb¢rthip 1$ at its lo$t Icvcl in over 5 ycaT5. Over the past thc 12 months w¢ havc had 6 leavers. 3 of which was as a result of illn¢ss¢$. We ended the year with a membership of 52 including 7 students from H¢ltwate School. The charity has also se¢n a noticeable change in the cohort of referrals coming through th¢ TcfcTral process. There has been a huge inerea5e in cornplex need8 ca8¢$ coming through, making thcm un5uilable for th¢ s¢rvices we provid¢. A$ $u¢h th¢ rcfcrrals wc arc able io accept are few and far cen. rcsultin8 in thc continuation of our low mcmb¢rship numt¢rs. Ovcr thc coming year. the charity will be working nn diff¢r¢nt av¢nucs to sccure futurc rcferrals to rnaint¥in 4 5U5tainabl¢ mcmbcTship Icycl. Special thanks ¢0 thc followin8 Companies WI have supp)rted our journ¢y finoncially this year. .IT Naturally rton Centre MAlla8¢ment *Orton Waterville Church Flninclal revlew The finattci#l $t¥t¢m¢nts show nel incoming resources for the year of£13.CN)7. Poll¢y on reJ¢rves Charity Commission's guidance is reviewed annually by Tntte5 and based upon OUT service otferin8, have decided that our unrestri¢t¢d r¢serv¢s n¢¢d to b¢ mainlained at a level of up to 12 months running ¢ost$. This will enable the charity to eonlinue to run aetivitics during any p¢riod of unfoTe5een difficulty, providing a safeguard to Ith S¢rvi¢¢ u[S and Stsff, giving ample time to adjust to any &dv¢rs¢ ¢hang¢s in the charity's rlljancial hcalih and to source suitablc altcrnativc provisions if rcquircd. The strat¢gi¢ report wus approved by the trustees of the clwity on 9 July 2026 and signed on its behalf by: Mr lan Fredcrick Ralph Middlebrook Chairnian and tTUStec Annc¢ka Amos Company SKT¢tary Page 2
Goldhay Arts Trustees, Report The Ite¢s. who are directOT5 for the purposcs of company law, present the annual report tog¢ther with the financial statements of the charitsble company for the year ended 30 November 2025. Objectlyes Actlvltles Objects 4ndulms To providc a quality service to adults with learning disabilitses with an emphasis on personal devclopment through ¢xpericnce of the p¢rfonning )d visual arts. Obje¢tiv¢s, str4iegi¢3 amd 0¢¢111¥$ Crafts & Prop Making - Session5 are designed io b¢ fun pack¢d with lots of crafts mAking including cards and olher tactile objects. Mu5i¢ & Singing Sessions- The crealion of musie ond %)u#ds through the use of African dnuns dnd other small pcrcu$sion instruments. Dance & Drama - CT¢alin8 drama plays, Irntn8 new dance routines and perfonnirtg to an audience of family, friends and carers. lrnproved movement. fiffiCSS and body expression. Visual Art$ - To crealiv¢ and d¢v¢lop OWD style usin8 profes5iorMI artists as inspiration. Create original art pie¢¢s which can be displayed out in the local community for sal¢. Independent Skil]3 Developm¢ni - Ser¥Ace Us¢T5 are supported to plan whd undertake activities to wid in developin8 their so¢ial and independent skill& Publlc beneJ71 Th¢ tnbSte¢s eonfinn that they have complied with ihe requirements of section 4 of th¢ Charities Act 2011 to have due regard to the publi¢ benefit guidance published by the Ch8Tiiy Commission for England and Waltt. Structre. governanec mana8¢mellt Nathre ofgoverning dMment Memorandum & Article ofAssociation Recr¥ltmenl ondapwintmehloftrxsiees Potential Tte¢S go through thc charity's rtttuilrnent and sclection proce55. If the serving Trust¢es approve an ppli¢ant, this ihen must bc approved at a fomial Board Mceting. Fln2nel*l 5n$trumettts Objeclives dMdpoli¢i¢s The charity's aclivitics expose it to a nUmtr of financial risks including credit risk. cash flow risk and liquidity risk. The use of financial derivatiY¢$ is govern by the ¢lwity'S polieies approved by the board of truslees. which provide written principle5 on the of financial dcrivatives to manag¢ these risks. The Charity doe5 1101 use dcrivaiive financial instnTh¢nts for spwulative purposes. Page 3
Goldhay Arts Trustees, Report Creth'r nsk The charity's principal financial a&scts arc bank balanc and ca$K trad¢ and other rcccivable& and investments. Thc Charity's credit risk is primarily attributable its trade rceeivablcs. Th¢ amounts prcsent¢d in the balance 5httt are nct of allowan¢ for doubtful re¢¢ivables. An allowance for impairnicnt is made wlKre ther¢ is an ideniified loss eveni whieh. based On previou5 expcrience. is evidcnce of a reduction in the recoverability of the cash flows. Thc crcdit risk on liquid funds and deriydtivc financial Instru is Itmitcd because the counterparties are banks with high credit-ratings zssign¢d by internalional credit-rating agencies. Thc charity has no significant conc¢ntration of ¢rcdit risk. with exposure spread over a large number of counterparties and cu5tom¢rs. Llqyldlty rfsk The charity manag¢s its liquidity risk by moniioring cash flow forecasts. mairttaining ad4t¢ Cash re5erYes, and ensuring suffi¢i¢ni funds are availabk to mc¢¢ ongoing obligations. Th¢ annual Teport was approved by the trusttts of the charity on 9 July 2026 ortd sid on its behalf by.. Mr lan Frederick Ralph Middlebrook Chairnwi 3¢¢¢ Annecka Amos Company s¢crelary Page4
Goldhay Arts Statement of Trustees. Responsibilities The tNstees (who are also the directors of Goldhay for thc purposes of company lawl arc rcsponsiblc for PTcparing th¢ $t¢¢$' r¢port and tho finan¢ial siatrmenL% in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Gencrdlly Accepied Accounting PractLC¢). including FRS 102"TtL¢ Financial Reporting Stsndard applicable in the UK and Republic of Ireland". Company law requires the trusttts to preparc financial 51atcmcnts for each financial year. Under company law the trustecs Tnust not approve the financial statements. Unl they are saiisficd ihat th¢y give a tNc atyl fair vi¢w of rhe sraie of affairs of the ¢han"iable company and of the in¢oming resources and application of r¢sourc including its income and expenditure, of the charitsble company for that period. In prcparing the5c financial st)t¢m¢nts. th¢ trust¢¢s ar¢ required to: 5ele¢t suithbl¢ accounting poli¢1 and apply them consistently- observe the methods and principles in the ChaTiii¢s SORP. mgk¢ judgem¢nt8 and estimates that are re&sonable and pnen1. sthte wh¢ih¢r Jpplicable accounting 5tandard5. compri&ing FRS 102 have been followed. subject to any mai¢rial dep4rnires disclosed and explained tn ihe financial Sernents" and prepare the finan¢i81 ststemcnts on thc going concern basis unless il is inappropriate to presume that the charitable company will continue in busine88. Th¢ tTU$t¢¢s Jr¢ T¢SPOlJ5ible for keeping PToper accouniing records that can diKlose with rcJsonablc accur¥y •t any tirn¢ the financial p05ititsn of the charitable company and enable ihem to ensure that the financial statemen¢¥ comply witt] the Companies Aci 2006. They are also responsible for safeguardin8 the assets of the chariiable company and hence for takin8 reasonable steps for the prevention and deieLtion of fraud and othLY iTr¢gulariti¢$. The tSte¢S UTe responsible for th¢ Mainl¢nar and iniegrily of the corporate and financial infonDalion included on the charitable company's website. Legislation gov¢rnin8 the preparation and dISminatiOn of financial statemenis may differ from legislation in other jutisdic¢ion5. Approved by the trustees of the charity on 9 July 2026 and syd on its behalf by: Mr lan Frederick Ralph MiddlebTook Chairn)an and trnstee Annwka Amo$ Company secreiary Page 5
Coldhay Arts Independent Examiner's Report to the trnstees of Goldhay Arts ('the Company,) I r¢port to th¢ charity trustees on my examination of thc aecounis of the Company for the y¢aT ¢nd¢d 30 Novemb¢r 2025. Responslbllltles and basls of report As ihe chariry's trustees of the Company {and also its directors for th¢ PUTPDSe5 of company law) you are responsible for th¢ prepardtion of the aceounts in accordan¢¢ with th¢ requirements of the Companies Act 2006 {'Ih¢ 2006 A¢t'). Having 5at15fied rnyself that the accounts of the Company ¥r¢ not required to be audited under Part 16 of thc 2006 Act and pr¢ eligible for independent examination, I report in r¢sp¢¢t of my examination of your charity'5 account5 as carried out under 5CCtion 145 of the Charities Act 2011 ('the 2011 A¢t'l. In Carrying out my examination I h&vc followed th¢ Directions 8Lvcn by the Charity Commission utsd¢r ¢tIOn 145(5)(bl of the 2011 Act. Independent examlner's statement Sincc thc Company's gross in¢om¢ exeeeded £250,OiK) your examiner must be a rnemb¢r of A body listed in scction 145 of thc 2011 Act. l ¢onfiTm that l am qualified to undertake thc examinalion bcc4us¢ l Om a mcmb¢r of FCCA. whith is Im¢ of th¢ lisied bthjies. I have completed my examination. I confirrn that rw) mattern hve come io my attention in connectiOD With th¢ examination giving me cau5¢ to b¢li¢v¢: I, ac¢ounting records were not kept in Tespttt of Goldhay Ans w required by section 386 of the 2006 Act; or 2. the accounts do not accord with ihose records: or 3. the accounts do not comply with ihe aceounlin8 requiremenls of stttion 396 of the 2006 Act other ttwi any reqliirement that the accounts give & 'In and fair view. which is not a matter considered as part of an independent exemination; or 4. the accounts hav¢ not be¢n prepared in accordance wilh ihe methods and principles of the Stal¢m¢nt of Recommended Practic¢ for a¢counting and reporting by charilies lapplicable to clwities preparing ih¢ir accounts in accordance with the FinarKial Reporting Stsndard applicable in the UK and Republic of Ir¢lond IFRS 102)]. I have no ¢on¢ems and have eome across no other matlers in connection with the examination to which attenlion Should b drawn in thi rt in order lo cnable a proper undusthndin8 ofthe accounts to be reached. Mr Marti FCCA Wood 26B Tesla Court Innovation Way Peterb¢)rough PE2 6FL 9 July 2026 Pag¢ 6
Goldhay Arts Statement of Financial Activities for the Year Ended 30 November 2025 (Ineluding Income and Expenditure Aceount and Statement of Total Reeognised Gains and Losses) Unre5tri¢ted funds Restrleted funds Total 21125 Note Income and Endowments from: Donation5 #nd l¢g2cies Charitable activilies (hhor trading activities Investment income 6296 221,809 20,737 6.795 6,296 221,809 20,737 6.795 Total income 255,637 255.637 Expendlture on: Rai8ing funds Charitable activilies Other expendi¢uTe (232,233) (1,672) 13.490 1232.233) (1.6721 (8.725 (5.235) Total ¢xpendi¢ur¢ 237.395 (5.235 242.630 N¢t irt¢omel(expenditure) 18.242 5,235 13,007 Net movement in funds 18.242 (5,235) 13.007 ReconclJlAtlon of fun Tolal furtds brought forward Total funds corried forward 298.505 41,880 340.385 20 316,747 Uttre5tr5ctcd fuDds 36.645 R¢stricted fund5 333,392 Total 2024 Notc In¢ome and Endowmett¢• from: Donations and l¢ga¢i¢s Charilablc a¢tivitic$ Other trading activitie5 Investtnent income 2,894 209,204 25,753 2.857 2,894 209,204 25,753 2.857 Total income 240.708 240,708 Expendltsre on: Raising funds Charitable activiti¢S Other expcnditttre {195.626) {1,136) (19.105 (195.626) 11.136) (24,340 5.235 Total expenditure 1215.867) 5235 1221.1021 Net incom(expertdttttye) 24,841 (5.235 19,606 Nct moveThMt in fill 24,841 (5.235) 19,606 Ret•nelliatlon of funds Total fimds brought forward The notes on pages I I to 22 fonn an integral part of these financial statements. Page 7 273,664 47.115 320,779
Coldhay Arts Statement of Financial Activities for the Year Ended 30 November 2025 (Including Ineome and Expenditure Account and Statement of Total Reeognised Gains and Losses) Unrestrletsd funds Restrlcted fund Totsl 2024 Note Total fuTMls carried forward 20 298.505 41.880 340.385 All of the charity's activiti¢5 d¢riv¢ from continuing opcrations during thc above Iwo pcriods. The funds breakdown for 2024 is shown in not¢ 20. The notes on pages I I to 22 fomi an int¢gral part of these firwi¢ial statcments. Page 8
Goldh2y Arts (Registration number: 04130347) Balance Sheet as at 30 November 2025 2025 2024 ]Yote Fixed $sets Tangibl¢ assets 15 71,786 79.780 Current assets Debtors Cash ai bank and in hand 16 17 (3,3971 285,247 12.669 260,173 281.850 272.842 Credltors: Amounts falling du¢ wltbln one year 244) {12,2371 Net current $5et$ 281,606 260,605 Net ¥s$et$ 353,392 340,385 Funds of the cbArlty: Restrltted Ineome fund8 Rc5tricied funds 36.645 41,880 Unrestricted IncDnK fundy UnrestriLied funds 316,747 298.505 Total funds 20 353,39? 340.385 Fvr th¢ financial y¢ar ending 30 November 2025 the charity w*% entitled to exemplion from audit under section 477 of th¢ Companies knt 2(X)6 relAtin8 10 sThall companies. Directors, respon5ibiliti¢$'. The members have nol required the C111Y ob¢ain an audit of its accounts for the y¢ar in question in accordance with section 476.. and The dire¢lors a¢knowl¢dg¢ ihcir responsibililies for complying with the requirements of the A¢t with respect io accounting re¢ords and thc prcparaiion of accounis. The financiAI statem¢nts on pag¢$ 7 22 were apptovcd by the trustecs. and authoris¢d for Ille on 9 July 2026 and Sied on th¢ir bch)If by.. L)LJ Mr latt Fredcrick Ralph Middlcbrook Chairnn and trust Annecka Amos Company secretary The notes on pa8e5 1 i to 22 forn] an integrdl part of these financial statements. Page 9
Goldh2y Arts Statement of Cash Flows for the Year Ended 30 November 2025 21125 2024 Note Cash flows from oper*tlng actlvltles Nei ¢a$h in¢om¢ 13.007 19.606 AdJustsneDts to ca51t flowi from non4uh iten Deprcciation Invcstment incom¢ 11,695 6,795 11,303 2,857 17,907 28.052 Worklng cgpltal #dJustment8 Decrease in debtors (D¢cr¢¢}/incrC2sc in crcditors 16 16.066 11.993 7,295 9,049 N¢¢ ¢ash flows from operating activities 21,980 44.396 flow5 from lrtYe8tlnE aetlvitles Iniercsi rcteivable and similar incom¢ Purchase of tsngible fixed a55ets 6.795 3,701 2.857 13.397 15 Net cash flows from investing activities 3.094 (5401 Net increase in cash And equiv¥l¢nt$ 25.074 43.856 Cash and cash equivalents at l December 260.173 216,317 Ch and cash equivalents at 30 Noventhr 285.247 260.173 All of the ¢8sh flows are derived from continuing operations during th¢ •iM)V¢ p¢rio The notes on pages I I to 22 forn] an integral part of these fnCIal ststements. Page 10
Goldhay Arts Notes to the Financial Statsments for the Yegr Ended 30 November 2025 I Charity stat115 The charity is limitcd by guarJntK, incorporad in England and Wal¢s. and consequently do¢$ n(Trt hav¢ share capiial. Each of the tThsiees is liablc to contribute an amount not exceeding £1 towards the assct5 of thc charity in the eVt of Itquidation. Th¢ addrcss of its r¢gi$tered office is: Unit 34 . 36 Ortongate Shopping Centre Orton Goldhay P¢terborough PE2 STD These financial statcm¢nts were authoTised for issu¢ by th¢ trustces on 9 July 2026. 2 Ac¢ouDtln% polltle$ Summary of 5ignln¢•nt 4eeountlng pollcles and key xccDuntln2 estimJte$ Th¢ priD¢ipal accounting policies applied in the preparation of th¢5e financial stalements 4r¢ set out below. These policies have been nSiSteIlY Jppli¢d to all the years preseD¢¢d. unless otherwise stated. StateMet of ¢ompll•n¢e The finonci81 statcmenis have ljttn prepared in accordance with Awuniin8 and Reporting by Charities.. Statement of Rccommended Practice (applicable to charilies pr¢wing their accounts in 8¢cordance with the Financial Reportin8 Sknlndard applicable in Ihe UK and Republi¢ of Ireland (FRS 102)) (issued in OLrober 2019) (Charities SORP IFRS 102)). the Financial Rew)rfiDg Standard applicabl¢ in the UK at Republi¢ of Ir¢lartd IFRS 1021 and the Compatiies Act 2006. B4511 of preparation Goldhay Ans m¢¢ls th¢ definhtion of a public b¢nefit cnlity under FRS 102. Assc15 Y4nd li&biliti¢s are initially recognised at historical co$t or trallsaction value unltss otherwise staled in th¢ relevant accounling policy notes. Colng ¢oncero Thc trustees consider ihat th¢re are no nterial unccrtainties about th¢ charity's abiliry to continue as a going concern nor Hny signifieant areas of uncertainty thJi aff1 the caYryin8 valu¢ of assets held by the charity. In¢ome and eTrdowmenlJ All in¢ome is recogni5cd onc¢ thc charity has enlitlcment to lh¢ income. li is probable that th¢ income will be reccivcd and the amount of th¢ inwme receivable can b¢ n&sured ieliably. Dondiions legacies Donations aTQ rccognised when the Charity has bccn notified In writin8 of both the amount and settlement date. In the ev¢n¢ that a donation is subject to conditions thal require a l¢v¢l of perforniance by th¢ charity before the charity is entitlcd to thr fvnds. th¢ income is dcfeTr¢d and nol reCOlSed until eiLh¢r thi)sc Conditions #re fully met, or the fulfllment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the r¢tx)rtin8 period. Pa8e 11
Goldhay Arts 1¥4otes to the Financial Statements for the Year Ended 30 November 2025 Expenditure All cxpcnditur¢ is recognised onee there is a legal or ConStnlive obligati(Trn to that ¢Xp¢ndltt¢. it Is probabl¢ settlement is required and the amount can bc MeTed reltably. All costs are allocated to the applieable expcnditurc hcadit)g that aggregatc similar costs to that category. Where Costs cannot be directly attributed to particular heading$ ihey havc be¢n allocated on a basis consistent with the use of resources. with central siaff costs allocated on th¢ basis of time spent. and depreciaiion charges allocated on the portii)n of the asset's use. Other support costs arc allocated bascd on th¢ spread ofstaff costs. RaIsingfndS These are costs incurred in attracting volunlary incom¢. th¢ managcm¢nt of invn¢ts and those irteurred in trading activitics that raise funds. Support costs Support costs includc ccntral futiOnS and hav¢ b¢¢n allo¢atrd adivity cost categories on a basis consistent with the use of r¢source5, for cxamplc. allaling pn)perty cosls by floor areas. or per capit4 ststT costs by the ¢ime spent and oth¢r costs by their u5a¥e. Covernance eoits These include the cosls attributable ¢0 th¢ charity's compliance with constittjtional and stawtory Yequirements, including audit. 5tr41egi¢ martag¢m¢ni ond tNSLttS meetings and reimbursed expenses. The eharity 15 COrt5idered to pass the iests sd oui in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it mect5 the definition of a chariiable Company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from laxytion in respxl of inwme or capital gains Tec¢iv¢d within ca¢¢gories overed by Chapter 3 Part I l of the CoTroration Tix Act 2010 or Se¢iiort 256 of the Taxaiion of Chargeable Ggins A¢¢ 1992, 10 the extent ihat such income or 88ins are applied exclusively lo charilable purposes. T8nglblc Ilxed 435ets Individual fixed assets costing £250.(Kl or more are tniiially recorded ai cost. Deprcclatlon And mortlsatlo Depreciation is provided on tangible fixed assets so as to wriie off the cosi or valuatiort. I any ¢stimat¢d residual Wdluc. ov¢r th¢ir ¢xp¢¢ted uscffijl ttonomie life as follows.. Asset eiass Fixtures and fittings Long Icasehold Depreciti•n method rate 25•/0 reducing balan¢¢ I/0 5tratght lin¢ Trade debtors Trade debtors are amounts due from customers for merchandise sold or setvices rfornd in th¢ ordinary course of business. Trade debtors are recognised initialty at the transaction price. They are subsequently measured at amortised eogt sing the effcctive interest metho¢ Icss provision for impainncnt. A provision for thc impairnient of trade debiors is established when therc is objective evidence that the charity will not be able to collect all amounts due according to the original tern)s of the receivables. Page 12
Goldhay Arts Notes to the Financial St2t¢ments for the Yur Ended 30 November 2025 Cash and ¢a$h equlvalen¢s Cash and cash cquival¢nts ¢omprise cash on hand and eall deposi and other short-tCllD highly liquid inveslments that are readily CODvertiblc to a known amount of c&sh and are $ubje¢t to an insignificant risk of change in value. Trade ¢r¢dlior$ Trad¢ ¢r¢ditors are obligations lo pay for goods or service5 tha¢ have been acquir¢d in the ordinary course of business from 5upplier$. A¢counts payable are Classified as current liabilities if the charity does not have an unconditional right. at the end of the reporting perioiL to defer settlcmcnt of the creditor for at least twelve month8 gfter the reporting dat¢. If th¢re is an uncondilional right defcr scttl¢ment for at leasi nv¢lv¢ months after ih¢ reporting date. they are pr¢s¢ntrd as non4U¢nt liabililies. Trade cr¢dilor8 ar¢ recognised initially 0¢ th¢ transacuon PTiC¢ and subsequently m¢asur¢d at amortised cost using the ¢ff¢¢tivc inieresi method. Borrowln%$ Intercst-bearin8 borrowings are initially record at fair valuc, of transaction costs. lrttcrcst-bearin8 borrowin8s are subs¢quently earried al amortised cost. with th¢ diffeTence be¢ the procttds. nei of transaction cost5, and the amouni due on redemption bein8 Tecognised a charge to lh¢ Statem¢nt of Financial Activilies over th¢ p¢riod of the relevani borrowin8. Interest expense 1$ Te¢olSed on the basis of the effedive ini¢r¢4 m¢thod and 15 in¢lud¢d in inteiest payable and similar charges. Borrowin8s ar¢ classified as CUfTeni liabilitie5 unless the charity has an un¢onditional right to defer settlement of the liability for at le&st twelve months after th¢ r¢porting dale. Fund structure Unrestricted income fijnds are generdl fimds thai e aY4il¥ble for use the iru$es discretion in furtherance of the objec¢iv¢$ of the charity. Restricted income funds are those donhl¢d for use in a p4rti¢ulor area or for $p¢¢ific purposes. the us¢ of which is restrict ¢0 that area or purp08¢. Penjions and other po$t rntlreDwn¢ Obugtiol The charity op¢ratcs a dcfin¢d ¢oniribution pension sch¢m¢ which is a pcnsion plath under whith fixed contributions are paid inio a pension fill] and thc charity has no legal or ¢on5truciive obligation to pay hjrthci ¢oniribution5 cv¢n if ihc fund does not hold sutricienl awt$ to pay all cmployees thc ben¢fi¢$ r¢latin8 to employee setvice in th¢ and prior periods. Contribulion5 10 dcfined contribution plans are recognIs in the Sthtement of Financial A¢liYi¢i¢s when (hey are due. If contribution payments exceed tl contribution du¢ for Setvice, the cxcc55 is recognised 0$ a prepayment. Page 13
Goldhay Arts Notes to the Financial Statements for the Year Ended 30 November 2025 Fln4nrlal Instrnments Cl4ssifieuliOII Financial as5Cts and finafteial liabilities are recognised when the clwity becomes a paty to thc ¢ontractual provision$ of the instrumcni. Financial liabilities and equity instnllnents are classified ac£ording to the subsiancc of the contractual arrangcments entcred into. An cquity instnJnKnt is any contract that evidertces a residual interest in the asscts of the charity after deducting all of its liabiliti Recognilion mea5urtmenl All finattciol assets and liabilities are initially measured al Iranwtion pri¢¢ {in¢luding transa¢tion costs), exccpt for thosc fJDan¢ial asscts classtficd as at fair value through profit OT 1055. which are initially measured at fair value (which is normally the transaction price excluding transaction costs), wilcss the arrangemcnt constitutes a financing transaction. If an arrangcment constituies a finan¢Tng tran5a¢tton, the financial a$5¢t or financial liability is measured at th¢ pr¢s¢ni value of thc futurc payments discounkd at a market rate of interest for a similar debt instrumeni. Financial assets and liabilities are only offs¢t in the st)t¢nxnt of financial position when. and only wh¢n ther¢ ¢xi$1s ll l¢g4lly ¢nforceabl¢ right to set off the retognised amounts artd the ¢11ty intends either to settle on net basis. or to realise the asset and settle the liabiliiy simultsne0y. Financial assets are derecognised when and only when al the contractual righis to thc cash flow5 from ihe financial asset expire or are sellled. b) the chaTity transfers lo anoiher party subslantially all of the risks and rewards o( ownership of the financial asset. or c) the chariry, despite havin8 retained some. but not all, Si8nific8nt risks and rewards of ownership. has transferred control of the gssei to another parry. Financial liabilities are dtirecognised only when the obli8ation slfIed in the contract is dischar8ed. cancelled or expires. Page 14
Goldhay Arts Notes to the FiDaDcial Statements for the Year Ended 30 November 2025 Debt IRstruments Debt instnun¢nts which mect thc following conditions are subwuently measured al aTIlOrtised cost using the effe¢¢iv¢ interest method: (al The contractual renwn io the holder is li) a fixed amount- lill a wsitivc fix¢d rd¢¢ or a wsitive variablc rate. OT lili) a combination of a >sitIve or a negative fixed rat¢ and a posiiive variabl¢ rat¢. Ib) The contract may provide for repayments of thc principal or the rcturn to ihc holder (bui not both) to be linked to a singl¢ r¢levant observable inikx of general pri¢¢ inflation of th¢ currcncy in which the dcbt instrument is denominatcd. provided such links arc no¢ leveraged. (c) The wntract may provide for a deterniinable vaTiation of the to thc holder during the life of the insmuncnt. provided that lil the new rat¢ batisfies condition {al and ihe variation is not conitngent on future events other than I l ) a Change ol'a contrdctual variabl¢ rJt¢- (2) to protcci ihe holder against credit dcteriofdlion ol. the is5ucr' {3) ¢han8¢5 in l¢vies 4)plied by a c¢ntral bank or ansing from changes in wlevani taxation or law.. or {ii) th¢ n¢w rate is a market rni¢ of InteSt and satisfi¢5 condition (a). (d) There is no contraeDJal provision thal could. by its tern resuli in the holdcr losing th¢ principal amount or any inter¢si tyttribut&ble io the curr¢nl p¢riod or priorperiods. {¢) Contractual provisions that pem)it the issueT to prcpay a debt instrument or pemiii th¢ hold¢r 10 Put it back to the issuer b¢fore maturity are not ¢ontin8ent on futtue events. other than io PTOt¢¢¢ the holder dgainsl the credit dcierioration of th¢ issuer or a change in control of the issuer, or to proiect the holder or issuer agaiDsI ¢hanges in levies applied by a c¢ntrnl bonk or arising from ¢han8es in relevartt taxation or law. {9 Contrnctual piovi$ions may pennit th¢ ¢xt¢D$ion of ihe ierm of the debt insmunenl. provided that th¢ r¢turn to the holder aml any other contracDJal provisions applicable during the extended t¢m) satisfy the conditi(Trns of paragraphb (a) to Ic). Debt instruments that are classified 35 payable or receivabl¢ wiihin one year on inilial recognition and which meet the above ¢ondilions are measur¢d at Ihe uttdi%ount¢d amount of ih¢ cash or other Consideration expected to b¢ paid or receiv¢d, n¢t ofimpairmetit. Wilh the exception of som¢ hedging Instrumen other debi inslnrnts nol m¢¢tirtg these condilions ar¢ Measur at fair value through profil or loss. Commitsnenis to makc and rcceive loAns whi¢h meei the conditions menlioncd alM)ve are measured at cost (which may b¢ nil) less inwaimient. JnveKments Investments in non•convertiblc pr¢f¢rence shares and non-puttablc ordiTYdry or PTefercn¢¢ shares (where shar¢$ arc publicly traded or their fair valu¢ is reliably measurdblel are mcasurcd at fair valu¢ through profit or loss. Where fair valu¢ Cannot be mea5ur¢d reliably. investnxDts are measured at cost less impairnicnL Inv¢$tmenis in subsidiariu artd associates aT¢ measured al c05t less impaiment. For investments in subsidiaries acquired for consideration includin8 the issue of shares qualifying for mctgei relief, ¢ost 15 n)easured by reference to the nomitvdl value of thc shaTes issued plus fair value of othcr consid¢rdtion. Any premium is ignored. Page 15
Goldhay Arts Notes to the Winancial Statements for the Year Ended 30 November 2025 DeriV9hfindnC¥l inslrnments Thc charity uses derivative financial instrnments to rethjce exposure to forcign exchange risk and interest r&te movements. The charity does not hold or issue derivativc financial instnmicnts for swlative purpoKs. Derivativcs arc initially recognised at fair valuc at the date a derivative contract is entercd into and are 5ubscquently rcmeasured to their fair value at each reportirtg date. The resulting gain or 105s is r¢cogniscd in statement of flnancial activities immediately unless the derivative is designated and effective as a hedging instrumcnt. in which cvcnt ihe timing of the recogniuon in slatement of financial aetivities depends on the naturc of the hedge relaiionship. Ftslr le mthTsuremenl The b¢st ¢VId¢n of fair value is a quot pric¢ for an identical asset in an active m&rket. When quoted pri¢¢$ rc unavailable, the pricc of a rcc¢nt trdnsaction for an id¢ntiul wet provides evidence of fair valuc as lottg ag there has not bcen 4L SLgnifi¢ant changc in c¢oTh)mic circumstsnccs or a signifi&int lapse of time since th¢ tran%action took place. If the market is noi active and recent transaetions of an identical 8ssct on their own are not a good estim&ic of fair value. the fair value is ¢stimatrd by 4]ng a yUtion lechniquc. 3 Ineome from doAatl•ni *thd legaeits Unrestrlcted funds General Totul fund$ Total for 21J25 6.296 6,296 Total for 21124 2.894 2,894 4 ll£0¢ from ¢harltabl¢ aetlvltl Unrestricted TotAI 2025 Total 2024 Gcneral ChJrilJbl¢ activities 221.809 221,809 209.204 Pag¢ 16
Goldhay Arts Notes to the Financial Statements for the Year Ended 30 November 2025 5 Income from other trading activities Unres¢rl¢ted fund$ General Total funds Trading income; Shop incorne from sale of donated and Scl¢eS Events income. Other events incom¢ Other income from other trading ac¢ivi¢i¢s 17.424 17,424 980 2.333 980 2.333 Total for 2025 20.737 20.737 Totil for 2024 25.753 25.753 6 Inve5tmeDi Income Unrestrieted Totgl fundi GeDerl Other investment income 6.795 6,795 Total for 2112S 6.795 6.795 Total for 2024 2,857 2,857 7 Expendlture on ralylng fundj a) Costs of trndlttg Attlvltles UDre5trict¢d fwnds Gener] Total funds Note Marketing and publicity Other direct costs of activiti¢s fi>r 8enerniing fithds Allocated support costs Staff Costs 235 48,668 1,491 181,839 235 48.668 1,491 181.839 10 12 Ttstxl for 2025 232.233 232,233 Total f•r 2024 195.626 195,626 Page 17
Goldhay Arts Iyotes to the Financial Statements for the Year Ended 30 November 2025 8 Expendithre on eharltable rtlvltles UDr¢strl¢¢¢d funds General Total funds Note Govcrnancc costs 10 .672 1.672 Total for 2025 ,672 1,672 Tot1 for 2024 .136 1,136 In addition to the expenditure analyscd above. Ihcrc ar¢ also gov¢manc¢ ¢05ts of £1,672 (2024 - £1,136) which relate directly to charitsble activities. Sec note 10 for furthcr d¢¢ails. 9 Other expendItre Unrestrle¢ed fund$ Ge¢T Restrfeted runds TotAI fundi Nots Depreciation. amortisation and other similar costs Other resources expend¢d 6.461 (2.971) 5,235 11,696 2.971 Total for 2025 3.490 5.235 8,725 Total for 21124 19,105 5,235 24.340 10 Analysls of governADte and iupport to811 Governance costs UDr¢strl¢t¢d Tot41 funds Gether•l Indop¢ndent examiner ftts Examination of th¢ flnancial statcmcnts Lcgal fees 846 826 826 Total for 2025 ,672 1,672 Total for 2024 1.136 1.136 Pag¢ 18
Goldhay Arts Notes to the Financial Slatemeuts lor the Year Ended 30 November 2025 11 Net IneomlnRlout£oln2 rewurees Net incoming rc50urces for thc yr include- 2025 2024 Dcprcciation of fixed a&5ets 11.696 12 Staff Costs Thc a8Bregate pllyroll costs were follows.. 2025 2024 Stlff costs durlng the ye4r wert: Wagcs and salarics SoLial stturity costs Pension cosls Other slaff costs 176,098 751 4,67% 312 147,836 2,142 4,079 1.926 1111.839 155,983 Tlie Inonilily averab?e nuinber of persons lincludin8 senior mana&Tement I leadership teom) employed by ihe cliarity durinu the year cxpresscd as full timc cquivalenls wa5 gs follows= 2025 No 2024 No Munihly avera¢ number uf cmploytts 8 {2Q24- 5) of ¢h¢ Jbov¢ ¢mploy¢¢s partieipat¢d in ihc Dcfincd Contribution Pension Sch¢rncs. Contributions lo thc cmployLY pension schcmcs for thc year tothllcd £4,67¥12024- £4,079). No employee received emoluments of more than £60.{ during the year. 11 Independent eiaminer'5 remuner4tio 2025 21124 Exdmindtion of the finanLial statements 846 806 Pag¢ 19
Goldhay Arts Notes to the Financial Statements for the Year Ended 30 November 2025 14 Taxatlon Th¢ charity is a rcgisrcrcd chariry and is therefore exemix from tsxaiion. 15 Tanglble Ilxed assets l.and buildings FUrnIre and equipment Total Cost At l December 2024 Additioiis 91.744 40.673 3.701 132,417 3.701 At 3U NovLmber 2025 91.744 44,374 136.118 Dopreelatlon A¢ l DeLember 2024 Charge for the yeur AI 30 Nuvombcr 2025 18J49 9.174 34,2X8 2.521 52.637 11.695 27323 36.809 64,332 Net book v11C At 30 Novcmbcr 2025 64221 7.565 71,78(> AI 30 Novcmbcr 2024 73J95 6.3x5 7Y.7XD Included within the net book value of land and buildings above 15 £Nil12024- £Nil) iii respect of freehold land ond buildinu75 and £64,22112024- £73.3951 in reset of l¢aseliolds. 16 Dcbtors 2025 21124 Tradc debtors 3.397 12.6()9 17 Cash and rAJh equlvalenls 2025 21124 C&¥h on hand Cash at bank ShDrt-temi deposils 157 235,090 50,UOO 161 260,012 285,247 260.173 18 CredStors: amounts falling du¢ Tvithin one year Pago 20
Goldhay Arts Notes to the Financial Statements for the Year Ended 30 November 2025 2025 2024 Trade ¢r¢ditors Other taxation and Social sUrIty Oth¢r creditor5 Accruals 1.581 (2.191) 116 738 3.297 34 8.906 244 12,237 19 Pension and oiher schens Defined contrlbutlon peDsknn sehtmt The chaTity op¢rat¢5 a d¢fin contribution pension scheme. The pension cost chargc for thc y[ rcpr¢scnt5 eonrributions payable by the charity w the scheme and amountcd 10 £4.67812024- £4.079). 20 Funds Ba14nce t 30 Noytmber 2025 December 2024 Ineon)Ing resources R¢$trur¢es expended UDregtrlcted fundi General 298.505 255.637 (237.395) 316,747 Rtitrl¢ted fund8 41.880 5.235 36.645 Total fundl 340.385 255.637 1242.630 353,392 B#lin¢e #t 30 NovetDber December R¢wur¢¢s ¢xp¢nd¢d 2023 resources 2024 UDreJtrlcted fuDd$ Gon¢ral 273.664 240.708 (215.867) 298,505 RestrIct funds 47.115 (5.235 41.880 Totthl funds 320.779 240.708 1221,102 340.385 21 An8lysls gf ts¢t aysets between lund$ PaEe21
Goldhay Arts Notes to the Financial Statements for the Year Ended 30 November 2025 Unrestricted Tfrtal funds at 30 November 2025 Rertrieted funds G¢n¢ral Tartgible fix¢d assets Current asset5 Current liabilities 35.141 281,850 (244) 36.645 71.786 281,850 1244) Total net assets 316.747 36,645 353,392 Unrestricltd Cunds General TDt&l funds At 30 Novtmber 2024 Restrlcted funds Tangible fixed assets cUent asscts Currcnt Itabilities 37.9(K> 272,842 12.237 41,880 79,780 272,842 12.237 Total net ass¢t8 298.505 41,880 340,385 22 AnAly$lJ of net fund• At30 November 21125 At l Detember Flnlncing 21124 flows Cash at bank and in hand 260.173 25.074 285.247 Net debt 260.173 25.074 285,247 At30 November 21124 At l De¢embcr Flnanclng caih 2023 nows Cash ai bank and in hand 216.317 43.856 260.173 Net d¢bt 216.317 43.856 260.173 Page 22