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← New Cut Arts

2025-03-31-accounts

Company registration number: 06461027 Charity registration number: 1123971

NEW CUT ARTS TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

New Cut Arts Contents

Page
Trustees' Report 1—5
Independent Examiner's Report 6
Statement of Financial Activities (including Income and Expenditure Account) 7
Comparative Statement of Financial Activities (including Income and Expenditure
Account)		 8
Balance Sheet 9—10
Notes to the Financial Statements 11—19
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure
Account)		 20—22

New Cut Arts Company No. 06461027 Trustees' Report For The Year Ended 31 March 2025

The trustees present their report and the financial statements for the year ended 31 March 2025.

Objectives and Activities

Aims and Objectives

The object of the charity is to advance education in the arts in Suffolk and Norfolk particularly, but not exclusively, by:

Strategies for achieving objectives

New Cut Arts is a charity and non-profit organisation. Its aim is to stand as a beacon of creativity and empowerment, harnessing the transformative power of art to connect individuals and communities across local, regional, and global landscapes. Its unwavering commitment to selfdetermination places individuals at the helm of decision-making, fostering a sense of ownership and agency in their artistic and creative journeys. New Cut Arts ignites a spark of inspiration, nurturing young artists and fostering creativity within the local community. This empowerment enables individuals to pursue their artistic passions, engage in creativity, and enrich the cultural landscape. Through its comprehensive range of youth programmes in arts, dance and media, The Cut engages young people, fostering a thriving artistic community. Committed to expanding its community’s artistic horizons, The Cut also actively seeks to attract wider audiences, bridging the gap between local, regional, national, and international artistic expressions. Welcoming travelling groups and fostering international exchange programmes, New Cut Arts cultivates creativity, cross-cultural understanding and collaboration, weaving a tapestry of global connections that transcend boundaries and unite individuals through the transformative power of art.

Public Benefit

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Achievements and Performance

Main Achievements

Although the financial environment continues to be challenging, The Cut continues to thrive as a vital independant multidisciplinary community arts hub- home to many organisations, groups and artists. Increased footfall is reflected in growth across all income streams. Our ongoing refurbishment programme continues through successful fundraising including the replacement of the Dance Studio skylight and installation of air conditioning, securing and improving this valuable community asset. Arts activities for all ages continue to engage and new additions to the performing arts programme have raised the bar.

Page 1

New Cut Arts Trustees' Report (continued) For The Year Ended 31 March 2025

Financial Review

Financial Position

The income and expenditure of the charity is set out in the accounts on pages 7 to 22.

Reserves Policy

Unrestricted funds serve as a cornerstone of New Cut Art's financial management, providing flexibility, decisionmaking autonomy, and adaptability to support its mission and objectives. By effectively managing unrestricted funds, we can safeguard financial stability, foster strategic agility, and achieve continued success in fulfilling our mission.

This Operating Reserve Policy is designed to enable New Cut Arts to build and maintain an adequate level of unrestricted cash reserves to support the organisation's day-to-day operations in the event of unforeseen shortfalls. Operating reserves are not intended to replace a permanent loss of funds or eliminate an ongoing budget deficit. These funds represent financial resources that can be utilised for any purpose aligned with our mission and objectives. They are not restricted to specific projects or programs and can be employed to cover operating expenses, make strategic investments, or pursue innovative initiatives.

Definition and Goals

New Cut Arts adheres to a strict segregation policy, managing unrestricted funds separately from designated and restricted funds, which are for specific projects or purposes as specified by the Trustees, donor or funding sources. This clear distinction ensures financial transparency, ethical stewardship, and adherence to the intent of all funders and contract providers. Unrestricted funds are utilised for general operations, while restricted funds are earmarked for specific projects or purposes in accordance with the defined guidelines.

We identify our unrestricted funds, New Cur Art's reserves, as 'Core Costs' and 'Contingency:

1 . Core Costs: With the goal of safeguarding the organisation's long-term sustainability and ability to deliver uninterrupted services, the operating reserve ('Core Costs') is set at a minimum of six months of recurring operating costs, calculated based on the maximum six-months expenditure. This six-month policy ensures The Cut can maintain its operations, providing continuous support and the centre's activities for an extended timeframe

  1. Contingency: To enhance our financial preparedness, we aim to gradually increase our contingency funds ('Contingency ) to a minimum of 3 months over the next five years. These contingency funds will serve as a safeguard against unforeseen liabilities and expenditures.

These reserves (both 'Core Costs' and 'Contingency ) will be reported to the Board of Trustees and included in the regular financial reports to ensure that we are working towards achieving our objectives.

Reserve levels

Unrestricted funds at 31 March 2025 were £654,492 (2024: £695,729) and restricted funds were £81,501 (2024: £90,199), meaning total funds were £735,993 (2024: 785,928).

Review of reserve policy

This policy will undergo annual review by the Board of Trustees, or sooner if deemed necessary due to internal or external events or changes. Recommendations for policy amendments will be presented to the Board of Trustees by the Centre Manger. Upon approval, each revision will be documented in writing and redistributed as required. The policys purpose remains steadfast: to safeguard the financial health and integrity of the organisation in pursuit of its mission as outlined in the policys Purpose section.

Page 2

New Cut Arts Trustees' Report (continued) For The Year Ended 31 March 2025

Going Concern

The Trustees have considered the Charity's position at the time of signing the financial statements, and in particular, they have considered the Charitys cash reserves and loan repayments due in the short to medium term.

Based on this, the Trustees have concluded that they have a reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

Structure, Governance and Management

Governing Document

New Cut Arts is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 11 April 2008.

Trustee Selection Methods

New Cut Arts has adopted the following policy covering the recruitment of new trustees:

Trustees must have an interest in the aims and objectives of New Cut Arts and be committed to the safe governance of the charity.

Trustees must not have any conviction for fraud or financial mal-practice. Trustees must not stand to gain financially from their position as trustee except in special circumstances approved by the trustees and authorised by the Charity Commission.

Trustees must be able to attend at least 80% of all scheduled meetings.

Trustees must be selected on the basis of knowledge and experience which is appropriate to the charity's aims and organisation - in particular we seek to include people with financial, legal, marketing, HR and health & safety competencies.

The Board of Trustees should be representative of the local community in terms of age, gender and ethnicity - we actively support the notion of diversity.

Risk management

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Reference and Administrative Details

Trustees

Ms N F Jaffa Mr D A Parkin Mr A Casement S J Bailey Ms A M Dudeney (appointed 22/11/2024)

Page 3

New Cut Arts Trustees' Report (continued) For The Year Ended 31 March 2025

Ms B K Holloway Mrs J M Jordan Ms G Maughan (appointed 01/11/2024) Ms E Rodwell (appointed 21/11/2024) Ms K Dou-Daniel (resigned 19/09/2024) Dr U Hashim (resigned 19/09/2024)

Company Secretary

Mrs J M Jordan

Charity Number

1123971

Company Number

06461027

Principal Address

The Cut, New Cut Halesworth Suffolk IP19 8BY

Registered Office

Old Maltings 8 New Cut Halesworth Suffolk IP19 8BY

Independent Examiner

P N van Dijk FMAAT Van Dijk Accountants Georgian House 34 Thoroughfare Halesworth Suffolk IP19 8AP

Page 4

New Cut Arts Trustees' Report (continued) For The Year Ended 31 March 2025

Statement of Trustees' Responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Tony Casement

Mr A Casement Trustee 18/12/2025

Page 5

New Cut Arts Independent Examiner's Report to the Trustees of New Cut Arts For The Year Ended 31 March 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

P N van Dijk FMAAT 22/12/2025 Georgian House 34 Thoroughfare Halesworth Suffolk IP19 8AP

Page 6

New Cut Arts Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS
FROM:
Donations and legacies
3
Charitable activities:
4
Charitable activities
Other trading activities
5
Investments
6
EXPENDITURE ON:
Raising funds
8
Charitable activities:
8
Charitable activities
NET EXPENDITURE
Transfers between funds
20
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
20		 Unrestricted
funds
£
11,966
121,735
117,218
777		 Restricted
funds
£
28,919
-
-
-		 2025
Total
funds
£
40,885
121,735
117,218
777		 2024
Total
funds
£
25,463
76,623
114,247
860
251,696 28,919 280,615 217,193
(54,469)
(247,493)		 (9,802)
(18,786)		 (64,271)
(266,279)		 (104,446)
(169,954)
(301,962) (28,588) (330,550) (274,400)
(50,266)
9,029		 331
(9,029)		 (49,935)
-		 (57,207)
-
(41,237)
695,729		 (8,698)
90,199		 (49,935)
785,928		 (57,207)
843,135
654,492 81,501 735,993 785,928

The notes on pages 11 to 19 form part of these financial statements.

Page 7

New Cut Arts Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
4
Charitable activities
Other trading activities
5
Investments
6
EXPENDITURE ON:
Raising funds
8
Charitable activities:
8
Charitable activities
NET EXPENDITURE
Transfers between funds
20
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
20		 Unrestricted
funds
£
15,763
76,623
114,247
860		 Restricted
funds
£
9,700
-
-
-		 2024
Total
funds
£
25,463
76,623
114,247
860
207,493 9,700 217,193
(84,306)
(169,954)		 (20,140)
-		 (104,446)
(169,954)
(254,260) (20,140) (274,400)
(46,767)
9,029		 (10,440)
(9,029)		 (57,207)
-
(37,738)
733,467		 (19,469)
109,668		 (57,207)
843,135
695,729 90,199 785,928

The notes on pages 11 to 19 form part of these financial statements.

Page 8

New Cut Arts Balance Sheet As At 31 March 2025

Notes
FIXED ASSETS
Tangible Assets
13
CURRENT ASSETS
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: Amounts Falling Due
Within One Year
16
NET CURRENT ASSETS
(LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
Creditors: Amounts Falling Due
After More Than One Year
17
NET ASSETS
FUNDS OF THE CHARITY
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
20		 Unrestricted
funds
£
693,851		 Restricted
funds
£
71,369		 2025
Total
funds
£
765,220		 2024
Total
funds
£
794,989
693,851
3,000
6,575
33,457		 71,369
-
-
10,132		 765,220
3,000
6,575
43,589		 794,989
3,000
7,199
57,036
43,032
(37,117)		 10,132
-		 53,164
(37,117)		 67,235
(21,737)
5,915 10,132 16,047 45,498
699,766 81,501 781,267 840,487
(45,274) - (45,274) (54,559)
654,492 81,501 735,993 785,928
81,501
654,492		 90,199
695,729
735,993 785,928

Page 9

New Cut Arts Balance Sheet (continued) As At 31 March 2025

For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Tony Casement

Mr A Casement

Trustee 18/12/2025

The notes on pages 11 to 19 form part of these financial statements.

Page 10

New Cut Arts Notes to the Financial Statements For The Year Ended 31 March 2025

1. General Information

New Cut Arts is a company limited by guarantee, incorporated in England & Wales, registered number 06461027 and registered charity number 1123971. The registered office is Old Maltings, 8 New Cut, Halesworth, Suffolk, IP19 8BY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3. Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and noncharitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs including all accountancy and legal fees incurred.

Page 11

New Cut Arts Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold 2% on cost Improvements 2% on cost Plant & Machinery 15% on reducing balance Fixtures & Fittings 15% on reducing balance Computer Equipment 33% on cost

2.5. Investments

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

Donations and gifts
Grants
Other
Donations and gifts
Grants
Other		 Unrestricted
funds
£
5,453
-
6,513		 Restricted
funds
£
-
28,919
-		 2025
Total
funds
£
5,453
28,919
6,513
11,966 28,919 40,885
Unrestricted
funds
£
4,661
4,500
6,602		 Restricted
funds
£
-
9,700
-		 2024
Total
funds
£
4,661
14,200
6,602
15,763 9,700 25,463

Page 12

New Cut Arts Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

  1. Income from Charitable Activities
4.
Income from Charitable Activities
Charitable activities
5.
Income from Other Trading Activities
Publications, newsletters and journals
Fundraising events
Cafe and bar income
Room hire
6.
Investment Income
Bank interest receivable
7.
Net Income/(Expenditure)
The net expenditure is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned		 2025
Unrestricted
funds
£
121,735		 2024
Unrestricted
funds
£
76,623
2025
Unrestricted
funds
£
-
8,663
76,115
32,440		 2024
Unrestricted
funds
£
(72)
5,695
60,434
48,190
117,218 114,247
2025
Unrestricted
funds
£
777		 2024
Unrestricted
funds
£
860

Page 13

New Cut Arts Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

8. Analysis of Expenditure

Raising funds
Charitable activities
Raising funds
Charitable activities
.
Support Costs
Employee costs
Premises expenses
General administration
Depreciation
Interest payable		 Activities
undertaken
directly
£
-
43,183		 Activities
undertaken
directly
£
-
43,183		 Support
costs
(see note
9)
£
64,271
223,096		 2025
Total
£
64,271
266,279
43,183 287,367 330,550
Activities
undertaken
directly
£
-
44,938		 Support
costs
(see note
9)
£
104,446
125,016		 2024
Total
£
104,446
169,954
44,938 229,462 274,400
Raising
funds
£
-
9,882
44,587
9,802
-		 Charitable
activities
£
95,312
24,271
75,996
23,492
4,025		 2025
Total
£
95,312
34,153
120,583
33,294
4,025
64,271 223,096 287,367

9. Support Costs

Page 14

New Cut Arts Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

Employee costs
Premises expenses
General administration
Depreciation
10.
Independent Examiner's Remuneration
Independent examination of the financial statements
Other assurance services
Tax advisory services
Other financial services
11.
Staff Costs
Staff costs were as follows:
Wages and salaries
Other pension costs		 Raising
funds
£
-
-
104,446
-		 Charitable
activities
£
38,339
18,638
31,746
36,293		 2024
Total
£
38,339
18,638
136,192
36,293
104,446 125,016 229,462
2025
£
6,000
-
-
-
6,000
2025
£
93,360
1,712
95,072		 2024
£
4,815
-
-
1,130
5,945
2024
£
37,240
590
37,830

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

12. Average Number of Employees

Average number of employees during the year was: 5 (2024: 5)

Page 15

New Cut Arts Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

13. Tangible Assets

Land & Property

Cost
As at 1 April 2024
Additions
Disposals
As at 31 March 2025
Depreciation
As at 1 April 2024
Provided during the period
As at 31 March 2025
Net Book Value
As at 31 March 2025
As at 1 April 2024
Cost
As at 1 April 2024
Additions
Disposals
As at 31 March 2025
Depreciation
As at 1 April 2024
Provided during the period
As at 31 March 2025
Net Book Value
As at 31 March 2025
As at 1 April 2024
14.
Stocks
Stock		 Freehold
£
182,724
-
-		 Improvements
£
769,946
9,029
(9,029)		 Plant &
Machinery
£
85,892
171
-
86,063
60,280
3,855
64,135
21,928
25,612
Computer
Equipment
£
7,295
635
-		 Fixtures &
Fittings
£
242,115
2,719
-
182,724 769,946 244,834
33,149
3,654		 218,403
15,399		 173,856
10,335
36,803 233,802 184,191
145,921 536,144 60,643
149,575 551,543 68,259
Total
£
1,287,972
12,554
(9,029)
7,930 1,291,497
7,295
51		 492,983
33,294
7,346 526,277
584 765,220
- 794,989
2025
£
3,000		 2024
£
3,000

Page 16

New Cut Arts Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

15.
Debtors
Due within one year
Trade debtors
Other debtors
16.
Creditors: Amounts Falling Due Within One Year
Bank loans and overdrafts
Other loans
Other creditors
Taxation and social security
Accruals and deferred income
17.
Creditors: Amounts Falling Due After More Than One Year
Bank loans
18.
Loans
An analysis of the maturity of loans is given below:
Amounts falling due within one year or on demand:
Bank loans
Other loans
Amounts falling due between one and five years:
Bank loans		 2025
£
3,381
3,194
6,575
2025
£
9,199
1,000
1,171
7,738
18,009
37,117
2025
£
45,274
2025
£
9,199
1,000
10,199
2025
£
45,274		 2024
£
4,699
2,500
7,199
2024
£
5,196
1,000
3,037
4,847
7,657
21,737
2024
£
54,559
2024
£
5,196
1,000
6,196
2024
£
54,559

Page 17

New Cut Arts Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

19. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,712 (2024: £590).

At the balance sheet date contributions of £191 (2024: £465) were due to the fund and are included in creditors.

20. Movement in Funds

0.
Movement in Funds
Unrestricted funds
General:
General unrestricted fund
Restricted funds
Restricted
Total funds
Unrestricted funds
General:
General unrestricted fund
Restricted funds
Restricted
Total funds		 As at 1
April 2024
£
695,729
90,199		 Income
£
251,696
28,919		 Expenditure
£
(301,962)
(28,588)		 Transfers
£
9,029
(9,029)		 As at 31
March
2025
£
654,492
81,501
785,928 280,615 (330,550) - 735,993
As at 1
April 2023
£
733,467
109,668		 Income
£
207,493
9,700		 Expenditure
£
(254,260)
(20,140)		 Transfers
£
9,029
(9,029)		 As at 31
March
2024
£
695,729
90,199
843,135 217,193 (274,400) - 785,928

21. Transactions with Trustees

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

2025 2024 £ £

Page 18

New Cut Arts Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

22. Related Party Disclosures

There have been no related party transaction in the reporting period that require disclosure.

23. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 19

New Cut Arts Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations
Grants
Club 500
Charitable Activities:
Charitable activities
Educational courses
Room hire and rent
Auditorium
Commission on art sales
Other trading activities
Programme advertising
Fundraising events
Cafe and bar income
Room hire
Investments
Bank interest receivable
EXPENDITURE ON:
Raising funds
Opening stock
Closing stock
Rent and rates
Light and heat
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising costs
Telephone
Catering wages		 2025
Total
funds
£
5,453
28,919
6,513
40,885
10,490
32,705
78,462
78
121,735
-
8,663
76,115
32,440
117,218
777
777

Page 20

New Cut Arts Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 31 March 2025

Cafe and bar purchases and consumables
Allocation of support costs
500 club expenses
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of improvements to property
Charitable Activities:
Charitable activities
Cinema Films
Visiting theatre and music
Box office wages
Art show expenses
Wages and salaries
Employers pensions - defined contributions scheme
Staff training
Rent and rates
Light and heat
Cleaning
Hire and leasing of plant, equipment and vehicles
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising costs
Telephone
Independent examiner's fees
Professional fees
Subscriptions
Bank charges
Sundry expenses
Allocation of support costs
Summer project expenses
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of computer equipment
Depreciation of freehold land and property
Depreciation of improvements to property
Bank loan interest		 (34,992)
-
(1,020)
(612)
(1,870)
(7,320)		 (27,481)
(37,321)
(2,000)
-
-
-
(64,271)
(2,813)
(40,370)
-
-
(93,360)
(1,712)
(240)
(1,986)
(7,895)
(14,390)
(1,573)
(5,152)
(3,344)
(1,060)
(1,503)
(829)
(6,000)
(27,978)
(729)
(6,812)
(3,667)
-
(17,349)
(3,243)
(8,466)
(51)
(3,653)
(8,079)
(4,025)		 (104,446)
(693)
(24,968)
(17,712)
(1,565)
(37,240)
(590)
(509)
(3,826)
(14,812)
-
(1,656)
(6,988)
(5,309)
(4,502)
(1,895)
(1,647)
(7,377)
(23,829)
-
(8,142)
(7,722)
37,321
-
(4,520)
(12,045)
(676)
(3,654)
(15,398)
-
(266,279) (169,954)
(330,550) (274,400)

...CONTINUED

Page 21

New Cut Arts Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 31 March 2025

NET EXPENDITURE

(49,935) (57,207)

Page 22

Issuer

van Dijk Accountants

Document generated Mon, 22nd Dec 2025 16:19:02 GMT

Document fingerprint 95befd8513fce11db0f44828394b06a4

Parties involved with this document

Document processed

Party + Fingerprint

Tue, 23rd Dec 2025 14:13:01 GMT Tue, 23rd Dec 2025 14:13:01 GMT Tue, 23rd Dec 2025 14:13:01 GMT

Mr Anthony Casement - Signer (1ba0df9f4ca6b87fcf2651f1e8150f37) Piet van Dijk - Copied In (36e84a9b203649df3620b5b032ec3ecf) Cameron Smith - Copied In (86fba442437509da9d424078756197bc)

Audit history log

Date

Action

Mon, 22nd Dec 2025 16:19:02 GMT

Mon, 22nd Dec 2025 16:19:02 GMT Mon, 22nd Dec 2025 16:19:02 GMT

Mon, 22nd Dec 2025 16:19:02 GMT Mon, 22nd Dec 2025 16:19:02 GMT Mon, 22nd Dec 2025 16:19:02 GMT

Mon, 22nd Dec 2025 16:19:19 GMT Mon, 22nd Dec 2025 16:19:19 GMT Mon, 22nd Dec 2025 16:19:19 GMT Mon, 22nd Dec 2025 18:39:15 GMT Mon, 22nd Dec 2025 18:53:55 GMT Mon, 22nd Dec 2025 19:02:44 GMT Tue, 23rd Dec 2025 14:12:10 GMT Tue, 23rd Dec 2025 14:13:01 GMT Tue, 23rd Dec 2025 14:13:01 GMT Tue, 23rd Dec 2025 14:13:01 GMT Tue, 23rd Dec 2025 14:13:01 GMT

Envelope generated with fingerprint b2deba610f2dfbf667befe1dce9982be (35.176.231.177) Document generated with fingerprint 95befd8513fce11db0f44828394b06a4. (35.176.231.177) Mr Anthony Casement has been assigned to this envelope. (35.176.231.177) Piet van Dijk has been assigned to this envelope. (35.176.231.177) Cameron Smith has been assigned to this envelope. (35.176.231.177) Envelope has been set to automatically remind the active signer every 1 day(s). (35.176.231.177) Envelope generated Sent the envelope to Mr Anthony Casement for signing Document emailed to party email

Mr Anthony Casement viewed the envelope (109.181.135.222) Mr Anthony Casement viewed the envelope (109.181.135.222) Mr Anthony Casement viewed the envelope (109.181.135.222) Mr Anthony Casement viewed the envelope (92.207.212.13) Mr Anthony Casement signed the envelope (92.207.212.13) Sent the envelope to Piet van Dijk for signing (92.207.212.13) Sent the envelope to Cameron Smith for signing (92.207.212.13) This envelope has been signed by all parties (92.207.212.13)

Tue, 23rd Dec 2025 14:13:01 GMT Tue, 23rd Dec 2025 14:13:01 GMT Tue, 23rd Dec 2025 14:13:01 GMT Tue, 23rd Dec 2025 14:13:01 GMT

Signed document confirmation emailed to party email (92.207.212.13) Signed document confirmation emailed to party email (92.207.212.13) Signed document confirmation emailed to party email (92.207.212.13) Signed document confirmation emails have been sent to all parties. Document URL:

https://api.signable.app/shareable/envelope?t=8084a81a-29c1-404b-b0bbde9899abeea1 (92.207.212.13) Tue, 23rd Dec 2025 14:13:01 GMT Document emailed to party email Tue, 23rd Dec 2025 14:13:01 GMT Document emailed to party email