Company iegistr8tion number.. 05434735 Charity fegistration numbei.. 1122678 FERMYNWOODS CONTEMPORARY ART LIMITED TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 J Sween•y Accountants Seven Grange Lane Pithrd Northampton NN6 9AP Ferniynwoods Contsmporary Art Limited Contents Page Twstee¥' Report Independent Ex•mln¢f$ Rtrport 10 Ststsm¢nl of Finanaal Aclivibes {induding In¢om¢ end Expendiiure Account) 11 Comparative Statement of Finan￿81 Activitie8 firbduding In￿me 8nd Expenditure ACc￿nI} 12 Balance Sheet 13 Notes lo the Fin8n¢ial Statements 1￿18 Femiynwoods Contemporary Art Limlted Company No. 05434735 Trustoos. Report For The Year Ended 31 March 2026 Tho trustee8 pre8ent their report and the finandal Statem￿ts for t￿ ygar ended 31 March 2025. Obl•¢tlvo• and Actlvlil Alm8 and ObjoCtiv•¥ Thtr Truslees confiirn that they hovg Complied with their duty under sodon 17 of the Charities Act 2011 to have due regard to the Charity Commission's guldance on publlc benefft. In planning and dollvorfng our artistic and educatlonal programm&s, th¥ Trusleos havg ensurgd that the ChaTIty'$ work Pro￿deS dear public benefit In Iln& with our charitable objects. Tho Charity's objed8 are.. . To promote, assist and improve the arts for the publ￿ b8nefft,' and . To encourag¥ and advan￿ the education of the public through the prO￿$10n of educational activiues relating lo the arts and a￿lOnment, parti￿larty in relation to th8 ￿SUal art8 and dirnato Change. FemiyrMtood$ Contemporary Art prO￿deS high44ualty. a￿?￿ble arts experiences across Northamplonshire and beyoThJ. fo￿51ng on Individuals and ¢ommunities who may face b¥rrfer8 lo cultural particlpalion. Our activities promote undttr5tanding of the arts, environmenL and dlmat&related issues, whlle supporting wollbelng, educalion. s￿191 cohesion, and the cultural Ilfe of the règlon. By offering indusive a￿e$S lo the arts, Femiynwoods helps realise the unlv•rsal right to partlclpate in CLdlural life. as recognlsed In Article 27 01 the Universal Dedaralion of Human Rights, conlribullng lo a life well-w. Aims Fermynwoods alms to Improve the qualty of people's lives by proWlng high*ualty arts and art8*ducation experfanc*s. par￿¢￿I?￿Y reaching audlgn¢e$ who are unde￿epresentsd in the arts. Th1$ indudes those on low irKomes. people wlth disabilities, ethnic minortty communlU&$. al￿ young people exdudgd or at risk of exdu$lon from fom)al ¥du¢atOon. OperaJng In a predominanty wr81 county, the organl$8tion uses art to Connect urban and rural audiences, exploring the gnvlronmont in it8 broadest Bense- from &¢ology and herftago lo Contemporary lan(1 use and communlty identity. Main Objedives for 2024-25 . Delfiver an intsmationakstandard art18tic and educauon programme across Northarnptonshlre. . Engage non-traditsonal audiences In both rural and urban settings, succe$sfvlty"Infiltrating th& Everyda￿ and 'supportlng1rfo through arL" . Continue deuvartng tho 2024-25 artlstl¢ programme und&r the themabc strand Love + Llght, 8ddro$Bing the dimate crfsls through creative pradl¢&. • To progress the process of Se￿rIng a sustalnablè future 8nd a permanent new home for the organl881ion, underpinnod by strengthened goveman¢o, larget8d tnJ6tee recruitmènt in line wlth the Good Govemance Code. and enhanced board and staff development lo ensure the organlsallon's leadership, structure an¢Y systems are fil for the nexl stsge of growlh. . Idontify and diversfy nw funding sourcfys and partnershlps. Beglnning in April 2024, F¥mynwoods Contsmptsrary Art embarkad on Low + Light, a new th￿all¢ prograrnme funded by Ntsrthamptonshlre Creative Climate Action Fund. here thoro 18 little doubt that today'8 thildron wlll inherit a wortd with CoM￿9X 80Iiakn￿rQnmentaI thallenges gs ¥ rosutt of li¥iNJ wlth dlmate breakdown. art can play a rol• In shining a Ilghl on these issues whlst pro￿1￿9 spiriiual nourfshmont, attending lo and tran8foming emolion$. c¥eating hop&. re$pon8ibility, carg and 801idarfty wilh one another and the pla￿t. L￿e + Light Is see a programm¥ of lighl-based artistic intwllons across Northamptonshire addre88ing the ¢1Smat8 crlsls by fostering awareness, Insplrfng action. and cuhivaling a doop&r COnn￿tion wlth the Earth and Its inhabil8nts. promoting solacg and the sense that wo aro part of something greater than our59lve8. Thls theme extends to our etjucation work cross4ertlllslNJ Programmes to promde ac¢gs$ to high qualrty grt and artrsts for naw 8ud0&n￿S. re8¢hing famir￿S and community groups through ourwork with young ￿ople in malnstream and non-malnslream schools. A¢tiwty in this flnancial year includ&d'. o PROGRAMME OF IMMEASURABLE CONSEQUENCE Pa￿ Blue Dot Colledive Mar¢h- Apr￿ 2024 The rajlminatlon of their four mtsnths resldency with F¢rrnynwoods Contemporary Ar( and th& flrsl actiwty from our new Love + Llghl programme. Of Immeasurabk ConsequenGe was an immerslve pholographic and sound4Jased insl8llaJon by Pale 81ue Dot Collec41ve In$tslled in All Salnts Churth, Ak1wlnde. ..CONTINUED Page 1 Fermynwoods Contemporary Art Limited Trustses. Report (contlnued) For The Year Ended 31 March 2025 Alms and ObJgctives- Gontlnued sts Louise Beer and John Hooper use installation. photography and soutvj lo examine our place wllhln the univer8e, framlng the impact ol the clmate emergency through the eyes of evolution aThJ Ihe immense tlme period it has taken for each forn of lrfe to arrive ¥1 thls point. Funded by NOrthamplon8hl￿ Communlty Foundation's Northampt0ns￿re CreatiN* Cllm8te Action Fund, the work combined imagès, sound and light to tran8POrt the ￿$Wer lo an lrnagined forest environmenL Wth the artlsts, Inlerfjsl in the deep limo naturn of our existtnce on the planet, thtr in$l8llallon that explored both the fragility and the mir8tyJlous nalU￿ of Ilfe on Earth. Sound re¢ordlng$ from Fennyn Woods, made with a variety of homemade and profossional rnicrophone8, wero combined with tholr own ar¢hlv6 of fi&ld recordings collected from around the worfd. The ftnal composition transported thè audlence to a forest oulskle of our experience. Imagtrs lakan undèr moonlight during their residency were installed in the central body of the church, juxlaposod with their own a$tronomlcal imagery, prornpting us to Consider OUT pla￿ in the wlder ¢osmos. Of Imrnea¥ur•ble Consèqu•nL8 was launched wllh an Sntaradlve telescope viewing session and talk with a$lronomer Paul Felows. Pupils from Trinity C of E Prfmary School vl8lled the In8ts1at6on for a workshop wllh Loulse and John in the incred1b￿ Sotung of Al Sairts Church. Engaging in some deep listsning to the a¢¢ompanyiny 8ounds¢ape, Jden￿fylnY where In thg Milky Way they would Ilke to visil and dgslgnltvj thelr own plan81$, prompl8d pupils to consldgr thelr relationshlp to tho plan&t and think about life in and outside of the unlverse. Studgnts from Th• CE Academy also vl$llgd thg In$tslatlon, gxplorfng tho space In MrtU81 gnd actual reality, creating astral and earth phenomena using VR head8ets around the in61allalion. Funded by Northamptonshire Creatwe Climate Aclion Fund. ALTERNATIVE PROVISION (THE CE ACAOEMY) Abbh Cannlng, Alce Page, Amanda Nit*ol, 8eccy Mccray, Bruce Asbestos, Danlel Johnson, Da￿d Birchall, El81￿ Lim Newton. Emily Amold. Emlly Carfvlrtght, Emma Scott. FelrK Loftus, Gary Hine, Georgina Bamey. H8ldl Street-ward, Jack Halford, Jack Page, Joe Boyd, Karina Thomton, Katy Dynes, L5sa Lovett, M89 8$rri$ford. Michelle Wooley, Nick Fisher, Phiona Rlchards, Rathel McEwan, Sheila Ghelani, Stuart Moore, VNIII Harvey Our flag$Np Attemauve Provision programrne saw our frftoonlh consow(Ive year working in partnership with The CE A¢ademy to support students pennanenuy exduded from school or dual regi8terod. Ac¥oss the whole academic year we provided twice weekty artist led workshops and ¢xp8rlonc8s for Kty Stage 3 students. tskSng pla￿ prfmarily at outreach locations al East Carlton Countyside Park and Stanwiek Lakes. A major ￿￿NIght of tho yaar was thè addition Lewis Medhurst to the Fomiynwoc*Js team. Lewis attended our ￿ternative Provision durin9 his Key Stsgo 3 gdu¢gUon back in 2018, ta￿ng part in som* L)f our favourlte past projects before going on lo attend Tresham College wh￿￿ studied Art and Design. We were dellghled to wglcome Lewis back as part of Ihg New Route8 pilot programme, fvnd8d by Engage, tho UK'S leadlng d)arfty for promoting engagemenl and patldpallon in the wsual arts. Routes was a placement and V0￿00n?1 trglnlng model se¥klng lo address the lac* of diversity within the sector and devoltsp pathways into ￿ltural edu¢alfion and employment in areas of low cultural engagement. Other notable athvity included trfps to cuttur81 institutions such as Compton Vèmey and Tate Modem, where students onloyod a river boal trfp along th& RIv8rTh8mes before recreating some famous perfomianee works in Yoko Ono's patldp810ry exhlbluon. Al the invitation of Lee Barron MP. students abso enjoyed a Msit to tho Houses o* Padiamenl where they lislen•d to debates In tho House of Lords and thè House of Commons. b&foro shartng some of their own exp¥rlen¢es with their local MP. Aftermsiting Boughton House In Kettèrfng and worknng alongslde a￿$t Georgina Bamey. worf( creatsd In these 8ession6 was exhibited at The Grnenbell Fesb'val on Boughton Estate In August 2024. Students also wtsrktrd with interdisciplinary art and arthitectural studio FROMTHEGROUNDUP to explore what a new homè for F*miynwtsod$ eould be. In order to foster a s&n$e of owngrship wth those who rnight inhabit and use ihe resU￿ng sp8rw, ¥tudgnl8 produced conversaJonal drawings. adJae8n¢y dlagram and architectural mod&l$, via parttapatory deslgn m&thodologies. Our Altemative Provision was poslllvely reviewed in two amldes by loumajist Sal McKeown for Educatlon Today, stating "Femiynwoods Contsmporary Art is unique. 11 stands out In a world ol budget constraints and c¥ts to s&rvlcos and equips them with the toob lo thri￿. For once, young people who are on tho margln8 are offered somgthlng oxdfjng and different Instead of remedial education and trainiThJ.' CLIMATE ACTION TOOLKIT Chiara Dell6rb8. Abblts Canning, Electric Pedals Childrèn from Irtt)lingborough Nursery and Infant School. Newton Road School, Northamplonshlre Hospital and Outreach Education, Oundl¢ CE Primary School and Stanwlck Primary School took part in artist led workshops exploring different aspects of dlm¥l& Change. Womng wlth Education Curator Abbl¥ Canning, studènts produced Stop mo￿on 8nlm8tion8 that were brought tog&thor in a ffilm to Bupport the laun¢h of a Cllmate Actron Toolknl. Th& lilm, Climate Action Sup¥r Super Heroes was premiered at Irthester County Park in May 2024 8 bieyded powered onoma In partnershlp wlth Electric Pedals and ov&r 60 keen partldpants of all ages. Electrlc Pedals also worked wllh a11356 children at Oundle CE Primary Sthool to screen the film in thelr sports hall. In March 2025 the film w9$ sc¥eened and aWa￿￿d Wnner of the Be8t Northants 16yrs and Under ffilm at Northampton Film Festival. ..CONTINUED Page 2 Formynwoods Contsmporary Art Llmlted Trustees. Report (continued) For The Year Ended 31 March 2025 Akn8 and Ob￿C￿Ve$- ¢ontlnuod Wo￿ng from ariwork ￿eated by partidp8tlng sludents, Chlara DeHerba developed The Climats Adon Toolkit whlch indudes Rec4pe8 for the Fuiure - a small ¢ollection of cullnary experirnènls In the forn) of recipes, alongside Climat¢ A¢tlon Super Super Hero Conversational Cards- deslgned lo spark reflection and action on t8¢￿ing dimate breakdown. Many children later challenged their schools lo reduce food waste, improve recyding and gven go a day wilhoul electnoty. Funded by Nothamptonshire Creat￿@ Climate Aclitin Fund. INTUITION MAPS Bo¢¢y M¢2024 academic y￿r and the beginning of the 20242025 a￿d¥M1¢ year. reCeI￿d £1,300 from Engage for parb"opating the pilot New Routes programme. ￿ eamgd £2,740 from mainstream school fees. £500 from the Coop Local Communlty Fund and £684 from donations as ¥ia Cotby Lottery. We drew £87,432 from our prewous philanthropl¢ donation toward3 a new home for the organisaJon lo support core costs. with £300.000 Inv*stod In Charity Bank holding accounts. Forfuther detads please refer to the flnanaal stalements section of this report. CONTINUED Page S Fennynwoods Contemporary Art Limitsd Trust•es' Report (continued) For The Year Ended 31 March 2025 Alms and Oblo¢tNK- contlnued The Charity does not employ professional fiJndraisers orcommoroal partiapators. All fvndraislng Is carrièd out by slaff and Trusts&s In accordance wllh Ihe Fundrai8ing Regulator's Code of Fundraisir4J Practice. The Charfty 1$ commitied to ensurfng that fvndralslng is open, honest and respectfvl. Ind that donors and supporters are treated In Ilne wlth le￿gnIsed standards of best practice. No complaints were received in relation to fundrgl$lng during the year. o MAR￿ING & PR NN Joumol ran 8 feature on Ferm￿wO0ds Contemporary Art 'findlng Innovati￿ and collaboralivo ways for artis15 lo engagg wilh non- traditional audience8" on Ihelr onllno plarfomi foi people who care about Northamptonshlro. Beccy McuaY$ Inluityon Map8 was widely shared through local nws thannels. In￿ding ITV Reglonal News IAnglia), to an apprwmate 8udlgn¢o of 1 million peoplè, alongside Inl&rvlews wlth Fgmiynwoods Ditector James Steventon, North Northants Councl's Active Parks OfflcEr Steve Jackson and Executlve Momber for Cllm* and the Green Environment, Harritrt P&nlland. Thls prO￿￿WaS olso covered favourabty on BBC Radio Northamplon to 69.000 wee￿Y fisteners, and onllne at BBC News Northamplonshtre. Also fealured in issue number eight of ￿1rd Walk. 8 natlonal Soumal ofwanderings and wondering8 from across the Briti8h Islès. Intuition Maps plus Fellx Loftus, 30 Days at Brixworih were al80 gI￿n editorlal co￿rage In Nene Valley News 8nd dlstiibuted to approx 30.000 hoLtseholds free of ¢harge in Raunds, Oundlg. Thrapston. Higham Ferrers and Rushden. Our work was regularfy prtsmotsd by Dls¢ov&r Norlhampton$hire. online and wa their ￿sitOr hub al Ru$hd&n Lakes shopping prndn¢t. Ferniynwoods Contemptsrary Art successfvlly quolLfjed a$ a 2023 Active Memberwith Gallery Climate Ccolluon IGCC} by demonstraung that our organisatitsn had Implemenle(J environmental sustainabllity best practice in line with GCC guldance. This wa8 announ¢e¢J alotwJside appr0￿mote￿Y 100 other cultural organi8ab.ons athlevlng ihe award. Inthdlng Barbl¢an Centre, Hauser & Wirth, MOMA, gnd Tate galleries. tsng for Education Tod8y, loumallst Sal McKeown took an in4epth look at what Alternative pro￿810n cgn bring to children whts are out of s¢hool or not In full-ume attendance, cAting Femiynwoods partnership wilh The CE A¢adtrmy. In a fol¢)w up arude focusing exdusively on our Alternati￿ Promsion, Sal McKeown wrote, 'F&mynwoods Contemporary Art18 unlqu&. It stands out In a worfd of budget constraints and cuts lo servlces and equlps them wllh the tools lo Ihrsve. For once, young p8oph who are on the margins are offered Something èxciting and dlfferent instead of remedlal educallon and $oual skills training.. A8 part of the laun¢h of Achates Philanthropy Foundation's addition of Enwronmental Benoflt to tholr 8 Typ85 of Impact of CU￿re and Horl¢ageÉl framework. Femiynwoods Diredor, James Sleventon wa$ Invlted to loln Carollne M¢Cornild(, Director, Achale8 Philanthropy.. Rose Goddard, Director, Cuttural Phil8nthropy Foundalon.. and Annlfr Duffield. Dlrfjctor Audiences and Income, Homlman Museum: to record an A(*ates Inspires sttsslon explorIng the Environmental Impacl of our sector and to discus5 the way8 In whlch we aro m&a$uring and amplfylng the enmronmental bon8fit in our ￿Trent and future plans. In recogn￿￿On of our work, Fermynwoods Diredor James Steventon r&¢¢ivd $n Intdl8J)n lo attend one of Hi8 Maje8ty th¢ Klng'$ Garden Parties al Bu¢*ingham P818CO through a nornlnadon from Lordlleutenanl of Northamptonshire. Our Instagram fol¢)wgrs increased fiom 1.493 to 1.512 and our average monthty Fa￿boOk page Ilkos from 608 lo 612 over the course of the reportlng period. A¢hl•vem•nts and Pgrfom¥n¢o Maln AGhlevoments As part of the launth of Ach819s Phllanthropy Foundallon's 8ddition of EnMronm8nlal Benefft to their 8 Types of Impact of Culture and Fk*ritag¥J framework, Femiynwood$ Dlrecior, Jame$ Stsventon was inviled to loln Carollno Mccorniick. Director, Achates Philanthropy. Rose Goddar For The Year Ended 31 March 2026 IAaln AChI•￿ments. contlnued . Sacured multiple Caprtal and sustainability grants from Norlh Northants Coundl for electhc vehicje infrastructure and solartechnology. Diredor James Stevet)ton represenleil Femynwood8 n￿lOnallY, induding as a speaktr for Achates Phllanthropy Foundalion and guest 8t the lQ"ng's Garden Party. . Maintained Gamery Climate Coalition Active Membet status alongside major UK institutions. Finanaal and OrB8nisational Highlights . Qjnlinued to strengthen partnerships with covncils. education pro¥iders. and funders. • Successfully balanced artistic innovation wrth prudent finanual management despite fijnding volatilty. Progressed toward establishing a pemianent base at East Carlton Park. *Jpported by capital development plannirwj and go￿EmanCe improvements. Plans forlhe Future Buikling on the achievements of 2024-25, Femiynwoods Contemporary Art will continue to develop our artistic. edu¢ational and organisational work through the following priorib.es in 2025-26= • Strengthening strategic partnerships, particu18rly wrfh Tho Core at Corby Cube, Made Many, W8$t Northamptonshire Councll, and the University of Northampton. lo expand public programming and reach new audien¢e$. Developing organl$ational Capa￿ty, Induding implementing th$ recommendations of the Poople Make 11 Work route map, wanding stsff structures following th• conversion of key fr••lan¢e roles. and continulng our programme of tnJ$l¥$ recnjitmenl to gnsure Board skdl$ matth orgaNsational needs. . Progressing plans for a pemanenl home, womng wSth North and West Nothamptonshire CoL4ndls and other slaksholders to exploro ￿able iong4erm opllons following ¢han90$ lo national funding Streams. ExpaThJing our Love + Light thematic programme. growing work that responds to the dimate and ecological emergency thri)ugh arb$t commis8ions, educauon projects and publlc on9agement actbW1￿. Dlvwsfying incomè stream$, through trust and foundation applications. eamed Incomo from workshops, and communmy fundraising to 8UPPOrt financial re$lllancè during 8 P8ri0d of na￿Onal e¢onomlc uncertainty. • Embeddlng en¥ironm?nlal sustalnability, includin9 the Implemèntstion of our new ¥olar Infr8structure and eloctrfc minibus, and dlmats action into programme deli￿ry. Flnan¢lal Review Flnancial Posltlon Polues on reserves The Trustees re￿eW the Charity's Reserves Policy thioughout the year as part of ongoing finanaal monitorin9. Femynwoods Contemporary Art aims to maintain an appropriate level of unrestricted reserves to ensure operational continuity, manage finanaal risk. and provtde resilien￿ against fluduation5 in in￿)Me. Availability and adequacy of assets of each of the fvnds The Board of Trustees is satisfied that the ¢hariVs assets in each fund are available and adequate lo fuffil its obllgations in re&p•ct of eath fijnd. Tran$a¢tlons and Financial poslfjon The financial statem¢nl$ are set out on pages 11 to 16. The ffinandol slalom8nts have been prepared implemenllng FRS 102 Statoment of Recommended Practice "Acctsunting and Repo￿￿9 by charIt￿s, (FRS 102 SORPI. As slated In the Introduction to thTrs r&port. the TnMtee8 consider the financial perfomance by the ¢hBrity during the yearto have been sats"sfactory. The Statement of Financial A¢tlvMg$ show net incomtng resources for the year of £48,947 Iprlor year.. net out90iny ￿SoUrc¥S £17,317). The total restsrves al th& year*nd stand al £135,387 (prior year £86.440). Share Capital The ts)mp8ny 18 Ilmlted by guarantee and therefore has no share ¢aphal. P•gè 7 Ferniynwoods Contemporary Art Limited Trustees, Report (contlnued) For The Year Ended 31 March 2025 Refvrnnce and Admini•tr•tfvo D•ts Tnt8t••8 Mr R Cbnton Mrs R Rowland Mr J hjlen Mrs M Br•tt (apptiinted 01109r2025) Ms M Canmn Mrs M Camiichaej lappoinled 19105r20251 Ms S Currie (appointed 01109120251 Mr J Flavin (appointed 01109120251 G Keddie IAiss V Medid Mrs K Som¥rfigld (appointed 0110912025) Comp•ny S•¢rntary Mrs R Rowland Ch•rfty Numbor 1122678 Company Number 05434735 Independont EX￿TrIner J Sweeney Ac￿untants J Sweeney Accountanls Seven Grange Lane Pitsford Northampton NN6 9AP Page 8 Fermynwoods Contemporary Art Llmlted Trustees, Report (continued) For The Year Ended 31 March 2025 8mall Company Rule• This report has been prepared in ac￿rdanCe wfth the special pwsions relating to companies subject to the small ¢ompanies regime within Part 15 of the Companies Act 2006. The trustees, report was approved by the board of truslees and signed on its behalf by: IAr R Clinton Trustee Date 0911212025 Page 9 Femiynwoods Contemporary Art Llmlted Independent Examlnerfs Report to the Trustees of Fermynwoods Contemporary Art Llmlted For The Year Ended 31 March 2025 I r¢port to thtr ¢h$rity trustees on my examlnauon ofthe accounts ofthe Company for the year ended 31 Marth 2025. R•sponslbllltlos and Bas1$ of Report As thtt twstsos of the Company land also Ils dlroctots for the purpo$&s of company law). you are responsible for tho proparation of Ihe a￿Unts in accordance with the requirements of the Companies Act 2006 {Ihe 2006 Actl. Hamnu satlslled myself that the a¢¢ounl$ of th& Company are not rgquired to be audilgd undèr Part 18 of the 2006 Act and aro eligible for Independent examlnation, I report in respect of my examlnalion of your ¢harity's ?￿o￿nIS as carried out under section 145 of the Charilies Act 2011 Ilhg 2011 Act')- In carrying ou¢ my examlnafjon I havg followed the Dlrocllons glvon by ￿ Charity Commission under section 145{51 Ib) L)f the 2011 Act. 1nd•￿nd•nft Examlnets Statemont sir￿ the Company's gross income exc£eded £250.000 your examlner must be a member of 8 body Usted In secaion 145 of the 2011 Ad. I ¢ontlmi that l am quallfièd to undertake tho examination because l am a member of The Assoc4alion of Accounting Te¢hnidan$. whld) Is one of th& bted bodlos. I have tompleted my examlnalon. l eonfim that no matters have come to my attention In ¢onngction with the examination giving me eause to belleve.. 1. accounting records were not kept in respect oftho Company as r9qulrnd by sedon 386 of the 2006 Act. or z the a￿￿ftts do not accord with those records" or the accounts do not compty with tho accounting requiremènts of section 396 of the 2006 Act other than any requlremont that the accounts give a Irue and fair viev which is not a mottor ¢onsld8r¢d 8$ p8rt of an indeptrndent examination.. or 4. the accounts have not been prepared in accordancE with Ihe methods and prlnclples of th& Stal*monl of Re¢ommended Practice for accountlng and reportlng by d)arlties applicable to charities preparing their accounts in accordance wilh the FinancAal Reporling St8ndard appllcable In thè UK and Republic of Ireland {FRS 1021. I havg rbo concems and have come a¢rovd no other matters in connection wilh the gxamlnguon to whl¢h attgnllon $hould bo drawn in this report in order to enable a proper understandlng of the aecount$ to be rea¢h¢d. J Sw8enoy A¢￿un￿n1S Date Seven Grange Lan• Pitsford Northampton NN6 9AP Poge 10 Femiynwoods Contemporary Art Llmited Statement of Financial Activities (including Income and Expendlture Account) For The Year Ended 31 March 2025 2026 2024 Unrestrlctsd ReStrkI￿ Total fund¥ Totsl lund• funds fvnds Nots INCOME AND ENDOWMENTS FROM: Ch8rft8blè a¢tlvNI&$: Voluntsry income Fundraising ach￿tieS Rental of woperty for charftable purpo$8$ 182,183 88.550 435 182,183 88.550 435 140,508 77.709 1,614 271,168 271,168 219,831 ExpeNOITURE ON: Charitable adiwbes.. C08ts of generating voluntary Income Support costs Goveman¢o ¢0sts 1159.862) 1159.882) 1165,6621 156,45n {56,4571 170,1661 (5,9021 15,9021 11,320) {222,2211 (222,221} 1237,1481 MET INCOMEIIEXPENDITURE) 48,947 48,947 (17,3171 Transfers btho&n funds 11 NEf MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Totsl funds brought fo￿ar 48,947 48.947 {17.3171 64,537 21,903 86.440 103.757 TOTAL FUNDS CARRIED FORWARD 11 64,537 70,850 135,387 86,440 The notes on pages 14 to 16 fomi part of these financi81 statements. Page 11 Fermynwoods Contemporary Art Limlted Comparatlve Statement of Flnanclal Actlvftles (includlng Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestrictsd Restrict•d Total funds fund8 nds Note• INCOMe AND ENDOWMEP4TS FROM: Ch•rflabl• ad'mties: Voluntary in¢ome Fundral$lng acti¥itie$ R¢nl81 of property for chwitable purpose8 140,508 77,709 1,614 140,508 77,709 1,614 219.831 219,831 EXPENDITURE ON: Ch8dlabl& activities= C08ts of g•nerating Yo￿nIary Income Support costs Govemanrk ¢08ts {165.6821 1165.6621 170.1661 170.1661 11.3201 11.3201 {237.1481 {237.148) NEf EXPEPIDITURE {17.3171 117,3171 Transfers be￿een funds 11 63,649 (63.6491 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNOS: 63,649 (80.9661 117,317) Totsl fjjnds brought fonyard 888 102,869 103,757 TOTAL FUNDS CARRIED FORWARD 11 64,537 21,903 88.440 The notes on pages 14 to 16 form part of these finanaal statemerts. Page 12 Fermynwoods Contempordry Art Llmited Balance Sheet As At 31 March 2025 2026 2024 Unf•$trkt￿ R•strl¢tsd Totsl funds Tolal funds funds funds Motes FIXED ASSETS Tangible Assets 32,067 32.067 723 32.067 32.067 723 CURRENT ASSETS Debtors Cash at bank and in hand 1,437 469,183 1.437 469.183 1A37 549,227 470.620 470,620 550.884 Cr•dltors: Amounts Falllng Du• Wlthin One Year 10 {367.300) 1367.300} {484,9471 CURRENT A8SEtS {LIABILITIES) 103.320 103.320 85.717 TOTAL ASSETS LESS CURRENT LIABILITIES 135,387 135.387 NET ASSETS 135.387 135,387 86.440 FUNDS OF THE CHARITY RosM¢tod Funds Unroslrfdod FurKI$ 70.8SO 64,537 21,903 64.537 TOTAL FUNDS 11 135,387 86,440 For the year ending 31 Marth 2025 thè ¢harItab￿ Company was entitled tt> exemption from audit und¢r s¢ctlon 477 of the Companies Act 2006 relatlng to small ¢ompanlès. The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companlos Act 2006. The twstees athowledge their responsibilities for comptying with the requirements of the Ad with respe¢a lo a¢¢ounling r￿[￿$ and the preparalitin of accounts. These accounts have been prepared in accordance with the pn)visions applicable to cimnpanies subject to the Small companitr8 roglm•. On behalf of the board Mr R Clinton Tw8tèe Date 0911212025 The notss on pagg$ 14 to 16 fomi part ofthose finandal 8tatements. Pgg• 13 Ferniynwoods Contemporary Art Limited Notes to the Flnancial Statements For The Year Ended 31 March 2025 1. 0on•ral ltttormatton Femrynwoods Contemporary Art Limited is a comparry kmited by guarantee, incorporated in EThJland & w￿es. registered number 05434735 and registered cknarity number 1122678. The registered tsffif￿ is . 2. Accountlng Pollcl 2.1. Bal¥ ol Prnp•r•tlon of Flnancial Statemènts The financial State￿nts have been pfypared in accordan￿ with the Chanli&s SORP {FRS 102) -Ac¢ounb"ng and Reporling by Chariiies.. Statement of Recommended Practice 8pplic8ble to chaiilies preparing thèir a£￿unt5 in accordan¢o with the Finan¢ial Reporting Standard applirable in the UK and Repub￿"¢ of Ireland {FRS 1021 leffective 1 January 2019)" Financial Reporting Standard 102"The Financial Reporting Standard applicable in the UK and R¢publi¢ of Irèland" and the Companres Act 2006. Th& ¢haritab￿ company 18 a Public Benefll Entoty a8 defined by FRS 102. 2.2. Tanglblo Flx•d A*¥et¥ and Depr•clatlon T8nglblè fixed assets are measured 01 cost less accumulated deP￿da110Th and any acrJJmulated Impalm￿nt losses. Depreciation is provided at rate8 calojlated to writs off the cost of the fixed assats, less their estimated residual value. over their expected us8ftd Il¥e$ on the followlng bosès.. Motorvehides GompLrtor Equipment 25% reduc4ng balance 20% rodudng balance 2.3. Cash and Cash Equlvahnts Cash and cash equivalents are basic financial assets and indude cash irb hand and depostts heW at call with banks, other short4emi higNy liquid investments that mature in no mtsrp than three months from ihe dale of acquisilion and are readity convertible to a known amount of cash with lnsigraifi￿nt risk of change in value. and bank overilrafts. 3. Not IncomellExp•nditure) The net incomel(expenditurel is ststed after tharg1ngl1c￿d1ting).' 2025 2024 Depre(¥ation Oftsng1b￿ fixe(l a¥sets- owned 180 4. Analy¥h of Expendlturn 2025 Actlvltles undertaken dlrectly Svpport ¢o¥ts {see note 5} T¢)tsl Costs of generating voluntary ineomo Support costs G￿ManCe costs 159,862 159,862 56.457 5,902 56.457 5,902 159.862 62,359 222.221 2024 ndertaken dlrectty Support ¢t)sts (see nots 51 Total Costs of generating voluntary Income Support CAJsts Govemonce ¢osts 165,662 165.662 70,166 1.320 70,186 1,320 165,662 71,486 237,148 P•99 14 Femiynwoods Contempordry Art Limlted Notes to the Financlal Statements (eontinued} For The Year Ended 31 March 2025 5. Support Costs 2026 Gov•m•nce Support cMts Tot•1 General admlnlstration 56,457 56.457 Deprec4ation Govemance ￿$ts 1,258 1.258 56.457 5,902 62,359 2024 Govoinan Support ¢osts General adminiylratlon 70,166 70.186 180 1.140 Depredallon Goveman¢o costs 180 1,140 70.166 1,320 71.486 6. Ind•pond•nt ExamlnerfB ￿Mun#￿tIOn 2025 2024 Independent examlnafjon of the finanaal statements 1.258 1.140 7. Awr49o NuM￿r ol Empknye•8 Average number of employees during the year was.. NIL12024: NIL) 8. T•nglbla Ass•ts M¢)tor Vohlel•s Computèr Equlpnxnt Total C•)st As at 1 April 2024 Additions 8,613 8.613 35.988 35.988 As at 31 March 2025 35,988 8.613 44.601 D•prnclallon As at 1 April 2024 Provided during the period 7,890 145 7,890 4.644 4.499 As at 31 March 2025 4,499 8,035 12,534 Not Book V*lu• As at 31 Mard) 2025 31.489 578 32,067 A8 at 1 April 2024 723 723 Page 15 Ferniynwoods Contemporary Art Limited Notss to the Flnancial Statsments (contlnued) For The Year Ended 31 March 2025 9. D•btor• 2025 Du• wlthln on• year Other debtt*rs 1.437 1.437 10. Credltorn: Amounts Falllng Due Wlthln One Y••r 2025 2024 Accwab al￿ deferred Income 367.300 464.947 11. Alov¢m•nt In Fund• As at l April 2024 A$ at 31 March 2026 Ineom• EX￿ndItUr0 UnroStrlet•d funds General.. G¢ner¥l unr¢slricted fund R•strlctsd fund8 Restricted Fund 64.537 64,537 21,903 271.168 1222,221) 70.850 Tot•1 fvnd$ 86,440 271,168 (222.2211 135,387 A8 at 1 Aprll 2023 As at 31 March 2024 In¢om• Expondltur• Tran•hrn Unr••trf¢t•d fund• General.. General unr¢slrid¢d fund Ro¥trI¢l￿1 fvnda Restrtcted Fund 63,649 64,537 102,869 219,831 1237,148} {63.849) 21,903 Total lund• 103.757 219.831 1237.1481 88.440 12. R•lat•d P•ity Dl$elosurns Page 16 Fermynwoods Contemporary Art Limited Schedule to the Statement of Financial Activitles For the year ended 31 March 2025 Total funds 2025 Total funds 2024 Incoming Resources from generated funds Voluntary Income Art Council En8land TMC Creative Communities Fund NNC Rural Community Capital Funding NNC Rural England Properity Fund Northants Community Foundation NCF Northamptonshire Creative Climate Action Fund NCF Compton Fund The Douglas Compton James Charitable Trust Harpur Trust Donations Magic Little Grant Engage new routes Solicitors pro bono work Helloprint charitable discount SGL cleaning Office costs Canva social media graphic design plan 9,950 39,800 2,500 20,000 31,492 2,720 10,586 24,608 14,021 6,000 3.0 1,755 75,650 500 70.093 1,300 1,000 li I,oc 77 320 2,500 loo 3,500 loo Voluntary income 182,183 140,508 Fundraising activities 88.550 77,709 Rental of property for charitable purposes 435 1,614 Total incoming Resources 271,168 219,831 Fermynwoods Contemporary Art Limited Schedule to the Statement of Flnanclal Activities For the year ended 31 March 2025 Total funds 2025 Total funds 2024 Costs of generating funds Costs of generating voluntary income Cost of fundraising activities 159,862 165,662 Support costs Cost of charitable letting of non investment property Gross wages and Salaries Travel and subsistence Rent payable Rates, water and service charges Insurance Telephone Stationery and office expenses Legal and professional fee5 696 38,400 538 9,471 40,108 3,066 3,655 1,242 3,301 1,537 6,018 1.768 70,166 4.631 1,611 9,533 1,048 56.457 Governance costs Depreciation of assets Independent examiner's fees 4,644 1,258 5,902 180 1,140 1,320 Total expendfture 222,221 237,148