Company re8istration number. 07497044
Charity rewraiioty uumbw. 1140462
Glasbury Arts Ltd
(A ¢(￿Y liJni*d by SuaT￿te¢}
Annval Report and Financial Statem
for ¢h¢ Y¢arEnded 31 Ma￿h 2024
Sthg by Sally Matthews
King Morter Proud & Co Ltd
Kings Arn￿ Vaults
Wwtton
LD3 7EF

Glasbury Arts Ltd
Contents
2¢f￿a￿e alld AdministTrtiv¢ tktoils
2￿5
Indwdeoi EYamiDerfs Rqjort
SkntsmEftt of FinatiGiAI Activities
Balance Stseet
8109
to the Financial Ststemetsts
Ioto 16
SOFApErfimd
17to 18

Glasbury Arts Ltd
RefereD¢e and Admlntstratfive Detsils
Trwte¢i
John FitZ8erald
Alyson Hearn
Kayleigh Hughe$
Juliet P¥*¢T￿Mith
Anne Schofield
J¢n¢tte Arnold
Susan Wilde¢
Ch•rtty R¢glstr&don Number
1140462
ComyDy R*a¢lon Nuwber
07497044
Th¢ charity is incQ￿L￿a1cd in United Kingdo
Rrytstered Offl¢e
5 Oaks
Gldsbury on Wy¢
P0￿S
HR3 SPE
5 Twtn Oaks
Glasbury on Wye
HR3 SPE
Indepe￿d¢llt Eunthier
Ktttg Morter Proud & Co Ltd
King8 Arms Vaults
W•ton
LD3 7EF
B•nke
CbllritiesAid Fouttdation
25 Kings Ifill Avenue
Kin¥5 Hill
West Malliog
Ketst
ME194JQ
PaBe I

Glasbury Arts Ltd
Trustees, Report
The rru8t¢¢& who ar¢ dIT￿lor$ for the pUn￿seS ofcompany law, present thc annual rq￿ togetherwith th¢
fiwcial statemeots and aulitots, re￿rt of the ¢harithbl¢ ¢ximpany foT the year cnded 31 Mar¢h 2024.
ObJe¢tlves Jilld a¢tlvltles
The Object of the Charity 1$ to adv8tt¢e the visu81 and wfoTmiD8 arts forth6pub]icbenefftby'
l. Brinwg the higbcst possible quality of p¢rfornkets and practition￿S inthe vigjal •￿j perfonniD8 arl8 to
G1asbury.o￿Wye atsd surmwdmg comn)unilie6.
2. EtKouraBing and devdopitig parti¢ipation in thc visual artd perfomiing arts bythe resideuts of Gknsbyry-on-wye
and SUTrounding communiti¢8.
3. EncouTaBing and d¢velopiDg e4Jucktiott for ￿￿lts alld young people in th¢vi5ual aud perforniing atts living ia
GI2$bw￿on-wY¢ and wm)undiDg coThmullitie
P4blicBenefii
Cbaritits musl rwl on thepubli¢ bell¢fit they provide aDd G]85bury Art5 is not cxcrnptfmm thaL
For ex8n¥*le, the Harps in Schth)Is project has provided free harp tuition to youngp¢opl¢ WI￿ Dornialty would n
eonsidwplayDIB a rttusi¢a] iDstrurn¢nt, either because pareuts Lould afford to m¢¢t th¢ or families did Jjot
fe¢1 ¢onfId￿t ¢nouglL to encourd8e such acti￿￿¢$.
tn additi(xi. we knowthat our 8nMu81 exhibittOnPTovid¢8 oppottunÉti¢s ftsrl(￿ in¢luding youngpeop]e, to
display their thlent& &$ well as visilors enjoying an ¢xciling and stimulating experien¢e.
Arts
The ADDuai Exhibitirn ill October 2023 was our 20th, its origifjs predating th¢ s¢ttin8 up ofthe Charity in 2011. The
Exhibition had a variety of artistic exhibi￿ from a life size sthg s¢ulpture by Sally Matthews. painting5 on 108rt from
the Cyfartha Castle Museuln and Art Gallery. pem)8ment Collection, patntin84 Ston¢ ¢utrÉn& gitt&s de5igffj wocdand
t¢xtil¢s by local artists atyj ex(iting WOTk by GwernyfedHigh School A-LeYel and GCSE sthdellts. ItW&8 a]so a
r&wrd year for visiior nun)bas and ￿1¢$. Next y¢ar our exhibition will be partof the Celebf8tion of W¢l8h
Contemporary Pait)ting s¢ri¢sof ¢xhibitions ac￿￿ Wales.
The truth confinn that they have ¢omp]i¢d with th¢ r¢quir¢ments of section 17 of thc ChaTiti¢s A¢t2011 to have
due regard to the public benefit guidanee published by the Charity Cornmi&%iott for England fjtld Wale&.
Page 2

Clasbury Arts Ltd
Trustees. Report
P¢rfornthgArts
IntbisfinAncial year we wereable to contiDue Warps in Schools, proje¢¢ ot Gwernyfed High se1￿10￿ring
free luition to any child itiye4r 7 who wanted to le4rn knplay the ba4>. trresPKtiveoftheir ra￿lly'S f￿￿an¢￿1
circuTDStances. ID Jalluary 21)24 a new groypof year 4 5tud¢nts w¢re added to thePrO￿ 8t the Chwch in Wths
Prinjary School irh Clyw. By the endof March 2024, Nenty-one sh￿ents were under80iDg bJition. Ow thath golts
the Cojwnutsity FundWale8 The Mid Wales Music Tr¥Js¢and WH Ri¢ketts & Sons for their fina￿1￿1 wtv>rt that
¢t￿Ur¢S the Continui￿ SUCCaSs of thIspro￿a￿￿e.
Tr HaTP8 in sCh￿Is pmBramme w out of our anoual rttt¢mational Harp Summer S¢lwl which ￿tra¢ts plgyus
of gll a8¢5 frrth scr0￿ Wale& the wid¢r UKaDd Euro￿ Following the pandemi¢ and ￿$1 of IiviDB ¢ris¢& th¢
numbcrs gIL￿￿Ing wtt¢down but with a 51ight IT￿re*S¢ in 2023. Thanks io a from ihc Nat￿￿81 Musi¢ Plan.
aDy Pe￿0￿ aitending state s¢hool Powys was offered * fretpjace. This eombin&tioD ofoffering free tyiliots
fr¢£places at the 8umDv8¢hool 18 wiique.
The Qarity was imm¢Ju¢ly fotbJn8* to receive attoffer to make a publicity firni from ¥4ward wiDoiD8
cin¢matO8rar&er. Richa￿ Gr¢atrVA, a￿￿t ourhaTP prograrnme. The film was made b¢nveen March and November
ard featured CatriD Fincty Jo Brnnd atsj two ofour stsjdwts atGwemyftd HI￿ S¢knl. Ap9rtfr￿be1￿8
partiadaAy ugefui in fuEhth¥ising. it has 8]so pmvoked a number of po￿1¥e comments Un¢Wt￿Y from prominent
p¢opl¢ the arts WOTI& Such 8$ IA)rd M¢fvyn Brag8. who emailed to ¢ongr*ulal¢ us on ow work and d¢sryi
whatwe are doing ￿.4 tajl ¢attdl¢ in ¥ datkni8ht'. Wc are ¢xtrem¢ly wfui to Richard alld histeam for th¢ir
8thcr05ity.
Ovrth8nk8 go toth¢ Gw¢ndoline aml Margaret DY4ViS Charity and fvlari¢ Caysott forthe>rcoDttnuin8 fiftaneial
supprt ¢&8¢nlial to the continuation of th¢ WOTk of this sumrner Sch￿7.
The TnW¢e5 thatthty have complied with tht requirements of stttion 4 ofthe tharitRe5 Act 2011 kn hav¢
due t¢8ard to the public be￿fit gutdanc¢ publishedby tht awity Comtt]i8siory for En8laDd and Wal¢s.
Membeahip of G￿ Art% is open to everyone ¢ither by bttomtng a volunteer orby F4yin8 anomi
rnembcrthip fee. ThTS ￿&bleS ev￿0￿¢ ¢0 contribut¢ to n￿ning theorgani58ti0n.
A5 Trw*rtcd last years￿y, we 10g151rA of wr Yolunt¢¢TS during the pand￿1¢ ¢ithertbroll8h d¢th m l*alth (
movin8 away. We havenoty¢tb¢en 8ble to fiJTty rtplace them but this is something we are WOTkin8 011.
In to meDth¢rs and volwite¢E5 we have sev¢ll Patrom. they are Catrin Finch. Jo Bmbj. Kathuin¢ Thorn
Harrid FAri& Alan Salisbury, U)rd David atyj Lady Margaret Lipsey and Eleattor Turner. These are ttiyl¢ who
t￿e mfrde a major Contribution to th¢ $llp￿rt of the (harity through its ¥tivities orby repr¢s¢ntin8 our ititetestsk)
widvworld. We a ¢onsMtsabk debt of 8ratitiMleto th¢m all.
The charity contrDll¢d by its Memoraftdum and Articlcs of knsoci8tiOn. Thc5¢ were adopred on 5th January 201I
arA subsquently approved by G)mpaDies HO￿ on 18th Jatsuary 2011 and the C]Jarities COM[nb￿ on 16th
FetYU8ry 2011. ThecFthrity stOTt¢d operatiD8 on 1st April 2011.
P88e 3

Glasbury Arts Ltd
Trustses, Report
New Tn￿tee$ are elected by the memb¢rs atthe Annual General Me¢tiAg.
ststemwt of trnstees, rt&ptsnsibili¢ies
The trustees (who aFe also tbe dIrKtO￿ of Gla5bwy Akts tAd for the purposes of company bw) are restK)nsil¥le for
prepbring thr tnjsteerf r¢port aDd the financial statements in hccordonce with app]icabl¢ llw ond Unit¢d Killgdom
Aceounting SlatrMlaTds (Unitcd Kingdom fjenerally Accepted Accow)tiDg PtaL*ice), in¢ludiD8FRS 102'T
Firmticial R¢portiog Standard applicable in the UK and Rfwblic ollrelatLd°.
Company law requir¢s the tn]#ees to prepaTe fman¢A81 ststements for ¢8dL fJnaDcial year. Untscompany law the
trustees must ttot approve the financiaj sraternents unkss they are satisfied that th¢y giv¢ ¥ tFue and fair view of the
srate of &ffaits of the charitsble eon)pany ond of thc itLcotlliAg resources and #pplicaiion of r¢source4 including its
iLcome atld expendi￿re, of the chArit8ble wmpany forthatperiod. In preparing thege fm8neial stalen￿nts. the
IrustEC5 arc r¢quira4 to:
select witable accounting policies and apply them consistently,.
¢thervethe m¢tF¥)ds aNI prillciples in the Charities SORP.
makc jud8em¢nts and e5tirnat&% that reasonable and pnTd¢nL
6tat¢whether applicabl¢ a￿OUntIng sthndardB, comprising FRS 102 have be¢n follow¢d, subie¢tth any material
deportswdi￿ItsSed aJJd explained in the financial statements. ajjd
prepare the finatsffi'￿ $￿tements on the goitg ¢QDcern ba51$ ullles8 it is inowropriate to PTesum¢ that the
baritable compony will Colltin￿ in busIll￿.
The InL*ees Are Yespon8ible fw kEepthg PTop¢r acwunting records that can dis¢io$¢ with reasooabl¢ accuracy at
time the financial posiiion ofthe ch￿lIable Company amd ¢hablc them to ensur¢ that the fmancial stat¢r￿ts comply
with the Companies Ad XJ06. They are 811￿ rcspottsible for 8afegllardittg the &%8eLs of the clwitsbk cowally and
h¢n¢e fortakingT¢asonable steps fortheprcvtntioll alld d¢t¢ction of fraud and other Irregul￿ltIe5.
The tru5t¢es are r¢sponsbi le for ih¢ maintenance and irtte8rity of the COryM)Yat¢ and fJnan¢ial infornwtion in¢lud¢d o
the charitable ¢ompany's website. Legislation governing the prep&r8tiOD and disseminalion orfwallcial skn*m¢Ats
y differ k8islation in other Jur1￿1¢110￿8.
Dlgelowre of inft)nn*tloll ts *udltor
Ea¢h trystee has tak￿ $l¢p$ that they ought to have taken as a mistee in order to make th¢rns¢lv¢s aware of any
televant audit infornwlion to establish that the charitys audits)r is awar¢ of that iDfornJatiOlI. The tn]stccs
coofimi thatthEre is no relcvant inforn¥tion that they know of and of which they know the audit￿1$ unaware.
Pase 4

Gla8bury Arts Ltd
Trustees, Report
The annual report was apprtsvedby thc trusteC5 of the on 23 Septcmb¢r 2024 8lld signed on i¢sb¢b41fby:
John Fitzgttaly
Tmstee
Alyson Hearn
Pa8¢ 5

Glasbury Arts Ltd
Independ¢nt Eiamln¢r's Report to the trustses of Gl8sbury Arts Ltd Cthe Company,)
T the chariry mist¢¢$ on Tny exarnination of the accounts of th¢ Cornpany for the yearcndrAJ 31 Mwrh
2024.
R#poDslbSlltks •nd b8dB of r410rt
As the Ch￿Ity'StrUste£S of th¢ Cornpany (and also its directo￿ for the pu￿06¢$ of wDp8ny ]aw} you are
rLw)Nibl¢ for the pr¢p4ratiou of the 4ccounts ID accordallr¢ with th¢ r¢quir¢tiwts of the CoTnpanics A¢1 2006{'the
2006 Act.).
Havin8 5atisfiedmy5elf that the accout￿% of th¢ Company are not required to be ￿dited under Part 16 of the 21x76
Act aDd ate ¢libnl)ie foi itidwelldeot examination. I re￿)rt in r*of Ttly cxamillatron of your¢barity'$ awounts as
rried out utsder sedion 145 of the Chgriii¢s A¢t 2011 ('tbe 2011 ALX.). wrying out my txxmiDthOtt I b4ve
toliowed the D1￿CtIOnsgLy¢ll by th¢ Chprity COMMI￿0￿ utyJ¢rse¢lion 145{SXb} of the 2011 ACL
IndyThdent ex*mltrtr'i
I have completed my examination. l ¢onfirn] thatno matt¢r5 hav¢ ¢ome to my attentioti in conttertioDwith the
¢Karnination giving Tll¢ c￿$¢ to beli¢ve:
l. accowiting were notkep¢ inTespect of Glthury kn4 Ltd ¥ r¢quiredby sectkoo 386 of the 2006 Act
3. the 8ccounts do not (¥miply with the a¢counlitig r¢quirerneDts ocsection 396 of th¢ 21M16 Att other thall any
requireTn¢tst thatthc arGowits give a'tsveand fairview vthich is not & motter consideffd as pwt of aa
independent examirtation. or
4. the i¢COUDts hAve]wtbeets prepared io A¢￿T￿anC¢ with the mdhods andprin¢yples of the StstcmLryht of
Recornmen￿l Prdrthc¢ fur 8c¢ounkn8 and Teporting by charitie8 lapplic&ble to ¢hariti¢s prepa[ll￿ thcir
accounts in a¢¢ordan¢e with the Financial Kew)rting Standard &pplic4bl¢ in the UK and Republic ofitclattd
(FRS 102)].
I hav¢ 7￿ aod have ¢om¢ acr055 no othermattets itt connection with th¢ examinatiOlI to which attetttiort
should be ID thi8 rep)rtinorder to enable 8 proper uDd¢r8tanding of th¢ Oc￿￿nts to bere￿&1.
John Bromley
Kinga Arn￿ Vaults
WattoD
LD3 7EF
23 Sep*mber2024
PA8t 6

Glasbury Arts Ltd
Statement of Fln4nci&l A¢dvldes for the Year Ended 31 March 2024
(In¢ludlng Income and Expettdlturt Account ADd Sthtement of Total Reeognised Galns 2nd
Losses)
U*re8trlcted
Totsl
2024
Restrlctsd fwidl
f4ole
ENdoFvment$ from".
DoAaLions and legaci&
Other Irading acti￿"1ts¢5
2,865
7,182
16
14.889
4.480
17.754
11.662
20
Towl income
29.436
Exp¢nditor¢
Charitable activities
8,953
18
32
27285
Totsl expenditute
953
18J32
27285
Net income
1,041
2.151
Net movement in fun
i.iio
1.041
2.151
Recgncili*tioTr of l￿dI
Totsl funds brou8ht forn
16.636
TO￿ fiM)ds Guried forward
13
19.989
Umr¢8trlcted
Restrkted fu•d8
2023
EDdoMll¢nts from:
Donatio￿ tnd legaci
Othcrtrading artiviti¢8
2.061
16,165
6.010
18.226
11.622
To¢al income
Expettdlture on:
Ch4Titable a¢tiviti
7.405
9.073
Total expenditure
.405
21.668)
29 073)
Net incDme
268
507
775
Net mo%'ement in fiu
268
507
775
ReconfMl•Uon of furtd*
Tot￿ fimds brotwi forward
935
TO￿ futth c4Thitd fonvard
The fjjnds breakdo￿ll £or2023 is shown note 13.
13
1.203
Th¢ uote5 1)n 10 to 16 form an iDte8fdlwt of these fioancial 5talettMt&
Pa8e 7

Gl*sbMry Arts Ltd
(Reglstratlon number.. 07497044)
Balance Sheet as at 31 March 2024
2024
21J23
Note
T￿gible assds
10
8.465
CurTent 495¢1s
Cad) d baok and ID hand
11.824
Credtt•rs: AmoNnts f•lllD8 dlle wlthl• yur
12
300
31)0
Net a&%ets
Fumd5 of tbt Cknrlty:
17.677
16.635
2Jl2
13
For the fmancial pr endiog 31 March 2024 the charity w&s entilled to exen]puon from audit under se¢tion 477 or
the Comp￿1¢$ Ad 201kS relalingto small companies.
Dite¢tors' rewtsAbilities.'
Th¢ m¢mbeTS havetyjt wired the chaiityto obtsirt att 2uditof its aLrO￿A￿ forth¢ yearin question in
witb stttion 476. atwj
. The dir¢ctOTS acknowl&ts¢ theRr responsibilities for complyingwith ther4uirementsofth¢ Act with weci to
ac¢ounlin8 records and theprepardtion of acco￿1&
Th¢ not¢s pages 10 to 16 form an intewdl p*( of the8¢ financial staten￿.
Page 8

Glasbury Arts Ltd
(Registrallon number: 07497044)
BaJvdn¢e Sh¢tt 8$ at 31 March 2024
The financial ststements OD pagE$ 7 to 16 w¢r¢ appvv¢d by trust¢e4 and authoristij for issue on 23 Scptemb
2024 and signed on their bchaifby=
Filzgern
Aly8otL H¢aTll
TnJ8Èee
The notes on pa%￿ 10 to 16 forni an illl¢giJl part of these fiwucial sraternent&
P￿9

Glasbury Arts Ltd
Notes to the Fin4nclil Ststrm¢nt8 for the Year Ended 31 M¥r¢h 2024
I Cb•rlty sthtlls
The charity Is limited by guar0• incory￿t¢d in UniteA Kingdom. and Con$¢qu￿tlY dou ￿)1 hav¢ shar¢ ¢apito1.
Ea¢h ofthe trumees is liabl¢ to cDnrtibute 8D amouutn¢t excttdll￿ £Nil ￿WArdS tlw assets of the clwity ID the
evelltof liquidatio
The 8ddrt$9 of its regithd office is:
5 Twtrn Oaks
GILsbury on Wy¢
Powys
HRJ SPE
Th¢ prin¢ipal plac¢ Ofbusi￿&S 15..
5 Twin 08ks
GI￿tsury on Wye
Pow
HK3 SPE
TtLe5e fuwnci&l Statements We￿ euthoTis¢d for issu¢ by the tntstees on 23 S¢ptanb¢r2024.
2 Ae¢oBntEDg polkle&
Summary 01slylficAnt ac¢ouTh¢Sng pDlacle• kty attountlng eJtlm4¢¢s
The wirteipal accountillg p)licie6 applied in the preparation of these financial zre below. Th¢s¢
licies hAve betn w*siMently applied to all the years presgnie4 unless otherwis¢ wted.
The rJt￿thCl8l5talejllc￿ts havebeen prep8r¢d in accord8nce with Accounting and ReportlD8 by Chatities: Ststenx
of Recommended PEaetiee (applic4ble to cbarities prq)atin8 their aceouttts in o¢¢orilan¢e with th¢ FiD#n¢iaJ
Reportitig Sththd￿d applicabl¢ in th¢ UK and Republic of Ireland (FRS 102)) (issued in (ktDber2019)- {Chariti¢S
SORP (FRS 102}). the Fin8n¢iai Reporting Stsndard applicable tn th¢ UK 8od Republi¢ of Treland (FIIS 102) and
thcCompani¢s A¢t 2006.
Ba8x¥ of prepArnQiou
Glasbury ArLs L4d meets the definiiioD of & public beDefit (¥htity under FRS 102. A&%ts Ilabiliiiesgre ini¢ially
Twisedathistori￿I cost ortransaclion vthtstsl&ss otherwise stated in the relevant a¢¢ountiAg policy n(*&
Th¢ trust¢¢5 ¢onsidLY thattbere are no matrrial un¢¢rtsinti¢3 4bout the chwitys ability to continu¢ agoing
nor any sigttifmt areas of wi¢¢rt4inty that affect the ¢#rryitig va]u¢ of889¢ts held by Charity.
Ex¢mptioD fro￿ wep#rkng* IIOTF ststem¢Dt
Th¢ ¢han"ty opted to early adopt Bulletin I published [￿ 2 Ftbrll￿ 2016 and have ther¢f¢x¢notin¢ludd a ¢ath
flow stawmeot in these f￿aTrOt81 siatements.
Page 10

Glasbury Arts Ltd
Notes to the Financl&l Stxttmen($ for the Year Ended 31 March 21)24
Ineome and endowments
All incou)e is rttogDised once the charity has ertiitlem¢n¢ to the income, it is pmbAble that thc IT￿OI￿C
TKe1v￿ and the amount of the income receivabk catt b¢ me8sured reliably.
Don*ti0Th4 8Te rrcogtsiwj whellthe charity h&8 beert noiified irt writingof EM)th the amowit and SettIen￿￿t dete. In
the event th* a dottation 1$ $ubjLxt to conditions that Tequire a l¢v¢l of p¢rform8ttce by the clwity before Ibe chsjiry
is cwid¢d to the the incorne is defcfted atyl noi r￿0￿1$￿ until eith¢r ttN)se conth'tiolls are fully or tb¢
fuifiiment of those ¢onditions is wlwlty witbin the control of the Charity and li is ptobRble thatthese cotylitioos will
be fvlfill¢d in the reportin8 period.
Gr4nts rettlv4N¢
Gwits recogn15ed whffx the charity h&8 an entitlernent tothe fjjtwlg and any ¢oDdition$ linked kn the hav¢
been m¢t IVher¢ perfomance conditions are atta¢heJJ to the graftt ond ore yet to be mel the incom¢ 15 rwis¢d as
a liability and induded on thebalance sheet &4 def¢rred ill￿me to be rel¢&8e
Dividends are reeogttis¢donce th¢ dividud has beffl declared and ttotifi¢ation IM been re¢¢iv¢d of the di
ExpEndlture
All ex￿ndT1Urc Is reco8tiis¢d once ih¢re is a l¢ga] OT ¢onstructive oblig2tion to that expendiknr. ir is probab]e
settlem￿1 15 required and the *nounl me&wred teliably. All costs are ￿10t#l￿d to the 8pplicable exrairaie
heathng that aggregate $imiJ8r costs to that category. Where costs con￿1 be dircctly attribut¢d to particularhcttdings
they have been illocated on a bllsis consisteDt with the use of resources, with central stsff cosls ￿located ott the
ba818 of time Spen( and depr￿lation eharges ￿0eathd on the portion of the as8rt'S Us¢. Other wpprteosts 8re
allO￿ted based on the spreadof stsff costs.
CILan'tablc expcndihwe ci)mpmts those ¢osts iDWTed by the chatity iti the ddtvery of its Activitits attd 8etviees for
its bethefAciaries. It iticlud￿ botb costs catt be alloeated directjy w sucb adivitias and tknse costs of att itidirecl
nWC$8ary trj SLIP[￿ t1￿.
Goven)•nte crfts
inGludB th¢ wsts attrÈbutsblc to the charity's corr￿lIance wth ¢ottstiNiional aDd statutorytequiremcnts,
includitig audiL sirategi¢ rnaDa8￿t and rt*etings and reimbuTh¢d ¢xpenses.
The charity ￿ ron5idered tOP8S5 th¢ tests set o￿t iu Par8￿ph I Schedule 6 ofthe Finance Ad 2010 8ndthertfi)rc it
eetsthe definition of a ¢b8rit8blc company for uK£0￿C*a￿on thx puqx)s¢s. Awdin8ly. the c]wity IB Potentialty
¢x¢mpt fmm tsxation in respect of iticomc orc4pitai 8ait)s r￿¢]V¢d within categories covered by chap￿ 3 Part J I
ofthe CorporatioD Tax Act 2010 or SE¢tion 256 of th¢ T￿ation of Chargeable Gzin5 Ad 1992, to tbc txtcnt that
such income or gain5 arv applied extlusiit]y to charitablepul
Pagell

CEa$bury Arts Ltd
Nole8 to the Flnanclydl Statements foT the Year Ended 31 March 20
T4ThgiMe rued a58ets
Individual fAxed &%sets costing £300.00 OF moreare initially recorded at cost.
Depre¢iitioth *nwrt(yth
Deprtciation 15 pmided on tsngible fix￿1 ass¢ts 50 as to write off the ¢ost or valu￿10￿ kss any eMxm8t¢d residTral
v￿lle. ovcr thcir cxpectcd u8efjJl ¢¢cmomic lifr a5 follows".
DepredatloD mell￿1 r*ts
Reducing bal8n¢¢ and thi8bt li
Plant equipmeDI
Cash axd equfvaleDts
Cash and cash eqDivalents comprise cash on hand and call deposits, and othershort-term highty liquid investmctsts
that are readily converttble to R known arnouTrt of cash and arc 5ubj¢¢t to an insignifi¢anl Tisk of cltange in v*lu¢.
Uore8tri¢t¢d inwm¢ funds OTe getterai fjjndsthat are av8ilabl¢ for u8¢ atth¢ trustee$ di5crdion io furthrn¢¢ of the
objectivu of tbe charity.
Restrided income fuD&8 are tknse donttted foruse Iti *parti¢ulgr are8orfor specific PUTPOW the of wbich 18
Fin8Dcial ass¢ts and fitwicial liabiliti￿ aye rrf08ti1￿a when the cbarity becorn￿ a party W lh¢ ¢ontwtual
pmvtsions of the instrnmenL
FitttLeiAi liabiliiies atsd equtty iT￿¢n￿ents ar¢ cla￿lfied aceorthg to the subs¢8nce of th¢ ¢Ontract￿al arrangeN￿lts
enteTed into. A* equity instsiuJMt 18 any Contract that evi&Dces a Fu1th￿l iDl¢rert ¢be a8¥ts of the tharity aft¢r
dedu¢iTn8 all of its Itabilitie&
Page l2

Glasbllry Arts Ltd
Not¢8 to the Flnllncl￿ Statements for the Year End￿ 31 MArch 2024
A]1 fin8AcRal &wets and liabilities are initt.olly uusured 8t fran￿¢￿0￿ price {in¢luding tT8nsartioD ex• for
those assets classifi¢d as at fair value through profil or loss. which are illi¢i8lly measu￿1 at fairvatue
{whith is n0rn1811y the tJJDsactioo pri¢¢ ¢Xc￿ding trarjsacthon costs), unless the arrang¢meDt¢onstitu￿ a fwncing
tmsaction. If all amDgem¢nt¢onstitht¢s a fmaDciDg trans￿tiOn, the fiTW]cial ￿Set or financial ]iabi]ity is measwed
atthe present value of the ￿ll¢re payin¢nts dJ8counted at a nwk¢t ra* of iDt¢resÈ fora $imi]ar debt instru￿.
Finattoial as5¢ts attd liabilities are Only offset in ¢Fke s*atCDTht of finan¢ial positiott when, a￿] only th￿¢ ￿1$￿
le8ally ¢nf￿¢abl¢ rightto Set off the recogwsed amounts and the clwity inter¥Js either to settk ona netb3si4 or
to realise the *￿t and Settle tbe liability Simultat￿u5Iy.
Pinancial &wts dert¢ogni8ed when ond only when a) the Contr￿ lights to the cash flows from the
t expire OT aEe Settle￿ b) the chaiiry transfers to anoth¢rpaty 5ubstsntially 411 of the risks and r¢w4rd8 of
oymership of fin￿￿la1 a&qeL orcl th¢ Charity. despite havin8 retslned SOME but T￿¢ all. SiBnificantrisk5 and
vaTdsof ownrtship, bas transf¢rrAI control of the a85et to a￿1)th￿p￿.
Fin8A¢ial liabiliiie& are dere£ogtLi8ed ¢bnty when theobligation spe¢ifJ&l in the contr¥ct is dts¢harg•l C￿￿￿1¢*10
3 from doth￿1￿￿• ##d le%￿leS
UDreslrkted
fun
f¥llds
Dollatiotts and 1¢g￿les.
Don8tioos from ArJdividu&ls
Giftaid reclaimed
GTan¢% iTrcludingcapAtal grnnts.
Graots from other ch￿ille$
2269
596
7.928
1.012
iO.JgJ
T•)tsl for 2024
65
T•)141 for 2•23
18226
4 he•me from Oth￿ trading *diwitl¢s
Page 13

Glasbury Arts Ltd
Notes to the Financiydl Ststemellts for the Ytar Ended 31 March 2024
Unrejtrlcted
fvnd
Geaeral
Totsl
fund$
Trading Inco￿.
Sales ofgoods alld s¢rvi
Even￿ in¢ome'
3.606
738
7J3S
85
M¢Dthership sukntpttons
Oth¢r irthme froM0th￿tI*Jillg activiti¢8
85
136
Totsl for 2•24
4.480
11.662
Tot*1 for 2b13
5.612
5 Expendlt•r¢M ¢JMrltsble 2ttlvltleA
Unrutrlcted
ndi
Re￿￿¢¢0
funds
Tol*l
Note
Gl4sbury Arts
Dcwrrial¥)n. amorti58tion othcr $imil&r
8.603
16.086
24,689
190
1,926
320
2.116
Trt￿fOr 2•24
53
332
27a85
Total 2•23
Page 14

Glasbury Arts Ltd
Notes to the Flnanelal Stst¢m¢nt8 for the Year Ended 31 M8rch 2024
Total
6 NetlneomWoutg•kng r¢wMr¢es
Nd iocoming teg)ur¢ts for dke y¢ar ioclude..
2024
2923
Depretialion of fixed &%sets
12
7 Trustees rem￿￿trI￿on *Dd ¢xpe•g¢9
No trust• nor any per50D5 connected with them. have received any remw￿￿ON from the cknity duriog theyellr.
8 IRdÉpendent mnu*er8th
2024
2•23
EutuiDation of ihe finaxial statrtt*lliS
480
9 T*i*lloo
The (b￿lty is a r¢gist¢t¢d ¢lwrity and is ther¢forc rxempt from tsxalK)n.
10 T*#RWe fix￿ 8gxets
FurAlt•re a￿d
¢qulpmeDt
Tothl
Cos¢
At l Aryil 2023
AdditiODS
18J81
18J81
A131 Much 2024
20
16
Depret4a¢lo
At l April 2ff23
Cl￿¢ forthe year
9.735
9.735
At 31 M8r¢h 2024
51
Nrt bo•k vakne
Page 15

Gla$bury Arts Ltd
Notes to the financlxl Statsm¢nts for the Year Ended 31 March 2024
rnlture
Total
At 31 Marrh 2024
At 31 M8t¢h 2023
8146
11 C￿￿ •ué wh eq#lv•ltnts
2Q24
2023
CAsh xt b#JJk
11324
9292
12 Credltors: I￿O￿L￿fIllIng due w1th6n fjneyur
2024
2O23
300
3(Kl
13 Funds
B*knTrce At
Apr4 2023
Resour¢es
BAlaDce at 3J
March 21Tr24
V•re8trkted funds
General
1202
10.¢Nfj3
(8,953)
1312
16.636
19.373
1833•
17.677
To¢41
7285
19.989
B*l*nee #t31
March 21123
Rtsollrcey
expeBded
Apyli 21122
U#re•trlrted fvttd8
935
7.673
(7,405)
1203
Re8trf¢ted
1&635
T•tal funth
73
17.838
14 Rei*d party tranBtttlono
P8ge 16

Gl#sbury Arts Ltd
Ststement of Flnanclal Activitles by fund for the Year Ended 31 March 2024
Unre8tricted Fund$
Total
Total
UMr¢%trld¢d lJnrestTiCted
21n3
IDcoJn¢ EDdowme•ts frorn:
DO1￿100S and lego¢ies
OthL¥ tradin8 activities
Inwtmcrtt income
2,805
7.182
16
2,061
5,6J2
Total income
10.063
EJpeDdkure •#:
Charitable activities
.953
Total ¢xwMiTtire
8.953
movement
1.110
RecoDclllllthiD of fumds
T(rfal IbDdsbrW forward
935
Total funth ctifticd fomrd
2.312
1203
Thi5 ￿ does not fo￿ ￿t0[ th¢ $t*utory fmattcial stattments.
Pa8¢ 17

Glasbury Arts Ltd
ststement of FlnaDclal A¢tivrties by hDd for the Year Ended 31 Mxrch 21124
Restrlctsd Funds
Total
TotAI
Res¢ricted Restrithd
Fwids
Fund•
2024
21123
DollatiOn6 and le8acLCS
Other trading a¢tiviti¢5
Investment IT￿0￿C
14.889
16.165
6.010
Total incomc
175
Expendiiure on:
ChaTirabl¢ a¢tiviti¢s
18J32
21
T4xal ¢xpMditure
l8332
21.668
income
Net movcrneDt infund5
1,041
Reconcl#AtIDn of funds
Total brots8ht forword
16.636
16.128
17.677
1&635
This page does not form part of the stawtory f￿?￿la1 statcmeDt&
Page 18