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
Tn￿l￿s, 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 Fr￿cTiCk Ralph Middl¢br¢M)K Chairman
Miss Lisa GI￿lS Hawes, Tr¢8surer
Mr Christoph¢r Walsh
Seeretary
Ch*rfity Regl%tr#tion Number
1098334
Company Reglstr*tlon 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 Exan￿￿tr
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 $t¥t¢m¢nts show nel incoming resources for the year of£13.CN)7.
Poll¢y on reJ¢rves
Charity Commission's guidance is reviewed annually by Tn￿tte5 and based upon OUT service otferin8, have
decided that our unrestri¢t¢d r¢serv¢s n¢¢d to b¢ mainlained at a level of up to 12 months running ¢ost$.
This will enable the charity to eonlinue to run aetivitics during any p¢riod of unfoTe5een difficulty, providing a
safeguard to I￿th 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 I￿￿te¢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¢¢1￿11¥$
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$sion instruments.
Dance & Drama - CT¢alin8 drama plays, I￿rntn8 new dance routines and perfonnirtg to an audience of family,
friends and carers. lrnproved movement. fiffiCSS and body expression.
Visual Art$ - 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.
Struct￿re. governanec mana8¢mellt
Nathre ofgoverning d￿Mment
Memorandum & Article ofAssociation
Recr¥ltmenl ondapwintmehloftrxsiees
Potential T￿￿te¢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$trumettts
Objeclives dMdpoli¢i¢s
The charity's aclivitics expose it to a nUmt￿r of financial risks including credit risk. cash flow risk and liquidity
risk. The use of financial derivatiY¢$ 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 ad￿￿4t¢ 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 si￿d 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 pn￿en1.
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 S￿ernents" 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 t￿Ste¢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 dIS￿minatiOn 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¢$'.
The members have nol required the C1￿11Y ￿ ob¢ain an audit of its accounts for the y¢ar in question in
accordance with section 476.. and
The dire¢lors a¢knowl¢dg¢ ihcir responsibililies for complying with the requirements of the A¢t with respect
io accounting re¢ords and thc prcparaiion of accounis.
The financiAI statem¢nts on pag¢$ 7 ￿ 22 were apptovcd by the trustecs. and authoris¢d for I￿lle on 9 July 2026
and Si￿ed on th¢ir bch)If by..
L)LJ
Mr latt Fredcrick Ralph Middlcbrook
Chairn￿n 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
C￿h 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 f￿￿nCIal 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, incorpora￿d 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 eV￿t 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 ￿nSiSte￿IlY Jppli¢d to all the years preseD¢¢d. unless otherwise stated.
StateMe￿t 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 n￿terial unccrtainties about th¢ charity's abiliry to continue as a going
concern nor Hny signifieant areas of uncertainty thJi aff￿1 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 reCO￿lSed 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 ConStn￿live obligati(Trn to that ¢Xp¢ndltt￿¢. it Is probabl¢
settlement is required and the amount can bc Me￿￿Ted 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.
RaIsingf￿ndS
These are costs incurred in attracting volunlary incom¢. th¢ managcm¢nt of inv￿n¢￿ts and those irteurred in
trading activitics that raise funds.
Support costs
Support costs includc ccntral fu￿tiOnS and hav¢ b¢¢n allo¢atrd ￿ adivity cost categories on a basis consistent
with the use of r¢source5, for cxamplc. all￿aling 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
Depreci*ti•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 ￿rforn￿d 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¢o￿lSed 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¢ Obug￿tio￿l
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 ¢1￿1ty intends either to settle on
net basis. or to realise the asset and settle the liabiliiy simultsne0￿￿y.
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 s￿lfIed 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 Inte￿St 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
DeriV9h￿findnC¥￿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 ￿l￿e 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 y￿U￿tion 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 Sc￿l¢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
GeDer*l
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
Tot*1 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 expendIt￿re
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 y￿r 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
FUrnI￿re 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 v11￿C
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 res￿et 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 s￿UrIty
Oth¢r creditor5
Accruals
1.581
(2.191)
116
738
3.297
34
8.906
244
12,237
19 Pension and oiher schen*s
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
cU￿ent 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