Company regt5trdtion number. 07497044 Chariry re815trdtion nuinber. 1140462 Glasbury Arts Ltd (A con]paDy limit¢d by guarantttl Annua] Report and Financial Ststrments for the Year F￿ded 31 March 2025 Ktng MortLY Proud & Co Ltd KÉngs Atm5 Vaults WaLion Bre¢on LD3 7EF 2kn4 Balance Sl 8t014 SOFA perfund 15 16 Glasbury Arts Ltd Reference and Admlnlstrative Detalls Joljn FJizB¢raJd AIy50n Hearn Kaylei8b HuglKs Jmliei Parkersmith Jettette Arnold Miclmel Bugler 07497044 The charity is incorp)rA*d ill Untted KifigdooL 5 Twin Oaks G1&5bury on Wy¢ Powys HR3 SPE 5 Oaks Gla$kn￿ on Wye Powy5 HR3 SPE Kings ATMS Vaults Watton Bttcon LI)3 7BF Clwtiies Aid Foundaflon 25 Kings Hill Avenu¢ Kings Hill West Mallin8 Ken( ME19 4JQ Page I rinancial ststements and rewi chrithble cOn4￿Y ftr the ywended 31 Marth 2￿. Obiects andt Tr Object of the ljwity is to ¥Jvance the vigjal and FerfOrMi￿ arfs fortr¢ pJbli¢ beJ*fii ty. l. Bringing the hi8lKst p(6sible qU￿llY of ￿fOr￿￿% aNI tKx¢ilioners tn visual and &*rfonnin8 arts lo Gl&%bury-on-Wye and surrounding communilies. 2. En¢ouragiD8 a￿j de￿10pIng parDcIp￿10n in the visud aTrfI pufonDill8 arts by the Kesithrt% of GlathMy4m nornully wDuld CODsider playiD8 a elther b￿ause parems cwld Dot afford to me¢t th? In *Jditio￿ we krthw awiua] exbibition pmTitd&8 op￿)￿lIeS for I￿11 incl￿ting young ￿ople, di5p)ay their (alen￿ ￿ wrll as visiws enjoying an exciting and ￿1￿JIatIng eiperTh Tr AnThJal Exhibiiion in Ouober 2024 vas our21s4 its origios predating the Sdting wi of Ch￿lty in 2011. This ye*s exhibirion was part olthe 4th bi¢nlliaJ Celcl¥¥ion of Welsh CoDtemporary Paioting series of sixtren exhibitions Wale& ￿1th Glthry Arts ￿￿fe￿I￿ded with Cyfarthfa C&sde Mwujm a￿1 An Gallery i 201?.The exhibiiion a wide •Mriety of an1￿•C exhibi￿ t￿1￿11￿8 w)rk by significant artists such &% Charles by l(tsl ¥rtists and the ￿lUa1 exeitin8 Contributi￿ by Gwtrnyfed Hith SCI￿1 A-Ltvel and GCSE udents. li was also a record year for visits)r numbe￿. At the end of this fin￿la1 year held our first ever ATts Auction al(￿1* Co]]ege iti Brecon with over 50 exhibi￿ the majority of which 501d Sab ￿ thc night ts)taikd just over£35(X). We are particularly The try*s confirm that th¢y bave ¢omplied with thE rEquitETh￿ of seeiton 17 ofthe Charities Act 2011 have regard public ben¢fii guidanc¢ publisl%d by th¢ cornm￿0￿ for Ertgknl ar#1 Wale4. Glasbury Arts IAd Perfornts8A In this finaTtcial *tre able w eOrfiw¢ ow Tla￿5 in Schools, at Gwernyfed High Sclwol offerin8 free tuitiofj to anychild in year7 who vrdll*d io learn to play har￿ ]￿eS￿l¥e of their fathilys fitiwial circurnsth￿ tl* ￿K)r¢ t¢c¢Dt for >rar4 pupils at ihe Chwch in Wales PriNwy School in Ctyto. At end of the financial year the numbu ofstyJthDts taking part in the Pry)gra￿ bad trached 26 W¢ hov¢ been very fortun* to have the services of Elul of Wales. foren￿1 knp teachtts. Our thanks go ￿ G*rrnyfed CornnM￿IiY C￿￿11. COW#n￿lty FUNI the Mid Waks MusicTrnsL the G*trLdolirte and Margaret DJvi¢s Chariiies. The National Music Plan Powy& WH Rickeits & Sons. Mari¢ players of all ages from acmss Wa]* the vridcr UK aryi Ew. Followg the panthmic and cost of livillg coniinu&l th updait th¢ wogtallu￿ so ID 2￿4 KathU1￿ Thonws (Principal Ha￿ City of Birrningham Symphony Orch&strn) 8NI virtwi violini4 Laur¢rrx Kemp￿ sp¢nt iwo days *xhing ow Trusttts bave Dmde a maior COtitilb￿IoA to the w of the cFAriry through its activities or by ryyesentingour ifflerests to a w•Jer *¥)r]d. We owe a ¢onsidtr•bl¢ dets of ￿ltUde to tkn all. Sadly, as wri1¢ this annual repffj we have Imrd ihe sad th￿ one of(wJr Patron& Lord David Lipsey had died of m￿gattt back io 21X)3 art bis belp 8ts1 Was He gready nllssed. Tr chariry is contmll)J by its Menx*kn #Thl Articks of These #thJpt&l on 5th January 2011 and subscquendy approved by Cornpante5 HO￿ on 18th January 2011 and the awilies CoThlluissioD o 16th February 2011. The clwity stsrted OFtratiD8OD la A￿1 2011. Glasbury Arts Ltd Tnth, Report Retrnibnentandtippoln¢menl•ftrMstees New elected by the members ai th¢ An￿￿1 Oenernl Meeting. Thanks to the hanl work ofour trus*es, w¢ have se£n an Incre￿ in the amoun¢ of rnised by the charily r4wltsng last year in s*adily moving back ￿ th¢ r¢8erve levels we mainwned in the preyndemie period. of trwteeJ' rupoLdbllllle4 The trus￿S (who tr¢ also the directors of Olasbury Arn Ltsl foF th¢ purpow of company liw) are res￿)nsible for prewin8 the trustres. report 8nd the financial slaierneiits in accordance with applicable l&w and Uni*d Kingdom Accountin8 Standard% (Uni*d Kingdom Generally Acc¢p*d Accountin8 Prnctice). includin8 FRS l¢J2"Tr Fin4n¢i41 R¢portin8 Standard applicable in the UK Republic of frelartd.. Cornpany law re4piru th¢ tyuste¢5 to prcpar¢ financial statcments for eth financial year. Under company law the mu$t not approve ihe f￿ancIal St￿ementS ylll¢ss th¢y wi5fied that they give a true and fair view of the sthte of41fairn of the ¢haritable cornpany and of the incoming ff8our¢¢$ and appli¢￿70￿ of resouTC¢8. illcludiTh8 its incorne and expenditijre, of th¢ ¢hatitabl¢ company for that period. In preparin8 the8e financial s¢ale￿llts. the th￿Ces ate required io: sel&t wirAble K¢ountinB policie$ apply them consisleDtIy: observe the DJ¢thods and principle8 In the ch￿itIeS SORP: nwke judgements and egtimotes thAi are reosottabl¢ and prudellt: tate whether ApplicAbl¢ a¢counikng sthndarth. ¢ompri5ing FRS 102 have been followe4L subjeci to qny mitiyial departures disclosed ond ¢xplaine4J in firt4n¢ial Sth*Tncnls: and prcparc t1￿ fu￿￿e181 ststerncnti on the going Conccrn ba515 uniesi it 18 inappropriatc to pre8ume thAt thc haritable coznpany will continue in business. The trusier is unÉware. Th¢ annual ryM)n W&S approved by the trus¢¢e$ of th¢ dwity on 29th Sep*nkn 2025 #Dd Si#Ded on it$ beh￿r ohn FI￿ld Tn￿lee AIy50n Hearn Trustee Gl&sbury Arts Ltd Independent Ex8nthier'$ Report lo the trwtees of Gjasbury Arts Ltd ('the Company,) I report to the charliy trusie¢s on my exaMin￿lOn of the ￿OUnts of the Company for the yearended 31 March 2025. RtspoDslblll¢les ADd Offt￿rt As th¢ Chariiy's inist￿ of the Company (and also its direciors for the purpoges of company law) you are te8ponsibl¢ for the pteparntsoD of the accounts in a¢¢ordaDC¢ with the wuiremeDts of the CompgAi¢$ Ad 21IK I'the 2[￿16 Aa.). Havin8 saiisfied Tnyself that the accounts of the Compony ￿¢ ttot required to be audited under Part 16 of the 2(lJ6 Aci and ¥tt ¢ll￿ble for independent exAmination. I rep)rt in rt$p￿t of my examination of your cluwity. a¢cowits as carried out urtder se£lion 145 of the Chariiies Aci 2011 ('the 2011 Act.). ID cprrying out my examination I hve followed the Diffe￿101)S giv¢n by th¢ alarity Conyni86ion under secuon 145(5)(b) of the 2011 A(f. I have cojroleted my eXami￿tion. I Confirm th￿ oo Ma￿t9 have CO￿ to my at*ntiots in corn￿¢¢10n the l. awountins re¢ord8 TArre w kept in Yesp¢¢i of Gl&sbury Art8 IAd aB required by ￿dion 186 of the 2006 Act; or 2. the accounts do not aceord with th08¢ Te£ords; or 3. the accowits do not ¢ornply with ihe ￿coun11n8 re4u1Nn¢n￿ of ￿￿ON 396 ofthe 2fAkfi Act Oth￿ th any rtquiremeDI the o¢¢ounts give and fair view. which is noi a mwer c4)Dsid¢red As pAn ol indtyendenl examination; or 4. the accounts have been p￿Par￿1 in accordance with the rnetho&% And prin¢ipks of the Sthomeni of Re£ommended Practice (or accounting and re[￿rtIng by ¢haritie5 lapplicable ￿ ¢h8rities preparin8 their accounts in ￿￿ordanCe with the Fmancial Reporting Swid¥d 8pplicthle in the UK #nd R¢public of Iteland (FRS 102)]. I hAv¢ no ¢on¢em$ have come acros6 no other mattrrs in conneaion with the exArninadon ￿ ￿1¢h Atwiilon Should hdravm in thi$ r¢port in order 10 enable a proper under6tandin8 of the accounts ￿ bo r￿h¢d. Jolm Bromley Kin8s Arms Vaults Walton LD3 7EF Da*: 29th Sewember 21r25 Pag¢ 5 Statement of Flnancial Activitles for the Year P￿ded 31 March 2025 and TA￿SeS) Doofiiions and Iegacies 15.143 5.158 16,422 12.436 21 7.T18 21 Tothl 78 20JOI CTh8ritable ￿1VilieS 17,447) {19.061) To￿1 ¢A￿dI¢ll[e Net {19.(￿1) 2J71 Net nw¥¢nt¢nl in funds 2J71 2312 19.989 13 3.443 18.917 22 14889 17.754 IIA52 Other trathg aclivities trtvesth￿t incollLe 7.182 16 Totsl It￿Ome iQ.063 19J73 29.436 (Jwirable aaivities .953 18J32 27.285 8.953 (18.332) (27285) Net izKoD 2.151 2.151 Tothl fund% brought forw¥Jd 16ffj36 17.838 Tothl funds carried forw8ry1 l3 1312 17.677 Gl&8bury Arts Ltd (ReglstratloD number: 07497044) Balance Sheet as at 31 Marth 2025 2025 Note Ttingiblc assets io 10.J72 8.465 Cash ai baftk and in hand 12,288 11.824 CAYdltsn: f4llln8 thie wlthlD one ye*r Net 8$5ets J2 3￿) I lJ24 Net assets 19,989 ofthe clFArfty: Restri¢*d funds 18.917 17.677 Ullre8trl¢le41 Ineome fund Unrestricted fvnds 3.443 312 Total funds 13 19.989 For thc finoncigl year endin¥.11 March 2025 the elwiiy wos cntitkd ￿ exemwion from audii under section 477 ol thc Companies Aci 2￿6 rela¢in8 lo small compani¢s. DI[￿¢￿5, respoMibi]itiu: The memb¢rs have not Tequired the charliy w rt*thin ￿ aud1¢ ofits ￿COUNS for ywlll quudon In accordffitt with seeiion 476; and The directors acknowledBe th¢ir re8pon$ibilitie5 for cornpl>inB with the requirements of the A¢t with respeL OUDtin8 te¢ords and the preparation o(A¢¢ounts. Th¢ fin￿181 sthtemvnts on pag¢s 6 10 14 were approved by the trusw, 4nd authorised for issue on 29ih Septembcr 2025 and s18r￿ on th¢ir I￿h01f by: John Fifzgeraid Tn¥ie¢ Alyson H¢•Jn TnLSt¢e The ttotes on pages 8 to 14 forni gm in*8AJ part of tl• fin8nciaJ statemejts. Gla8bllry Arts Ltd Notes to the Statements for the Year Ended 31 March 2025 All is r¢cwis¢d cljarhty eniitlenrni io 1¢ is ￿DbabIe the incon* will be ived wwl the anKwRt of inco￿￿ rx¢ivabk b¢ m¢&uTd Ttliably. In the eveni that a don8tion is subixt to coThliti0Ths that rcquire a kvel of ￿rfor￿￿1CC by the ¢harity IKfore the ¢harity is ¢ntitl¢d to the fvtvJ& th¢ income is deferred ar#J ￿cOgnis￿ wrtil either ttK)s¢ ewditions are fully mel or the fvlfi]]ryDt of those wtidilions is vthlly within the control of th¢ ¢lwity atsl it is wobable thes¢ Grants aye rxo8nised kn the cbariiy has ￿ eYrtitien￿I ￿ the fuTrls aThl ¢wrylilions lintsl ￿ the granL% period for whith li been re¢eiV￿. s￿ is ODty drfefted vKttD: All exwditure is onc¢ thBR is a kgal orcotistiwtive cknliWioD io that ¢xpetidinwe. it 1$ pmbable Notes to the Slatements for the Year Ended 31 March 2025 Tu*tlo The charity is consid¢red 10 pus the sei oui in Par88rnph I Schedule 6 of the Fin&Ke Aei 2010 and therefo￿ it meets definition of a Chwithble company for UK corimtion puryue& Accordingly. I ¢lwiry is potentially exemN from twtson iti zr5pea of iryo￿ or capital gains tKeived within ca*8OfieS ¢overed by CThapter 3 Part I l of CLYPOrntiOll Tax Act 2010 256 ofthB Taxati￿ of Char8¢Abl¢ Gains Aet IW2. ty th¢ ¢xt¢ut such incorne or gains aTe •pplied exclustvely to charitsble pwposes. T*4lbl¢ Ilxed 81*ts Depreciation is provided on tangible r￿ed g) as Io WTite off thc cort or Val￿￿10￿ kss •ny t￿lm@ residu￿ Y￿￿e. over thcir expxtsd u5efid eCODUmK life *% (ollowL 20% R￿luCIti8 balance and $raight lint Cash and cash e4uiv41uLS COrntKise cash on ￿11 de[wI￿ and (Al￿ shon4enD highly liquid investm¢nts are Mdily Conve￿￿￿ io • ktyjwo of c&th aThJ •Je to an in81￿lfi￿1 of ¢h*ttie in vAlue. Fumd Unrestric*d incon* funds are 8enernl *v4ilAble fw we 1¢ tyus*ts discrrtiffi ifi of the obj¢cliv¢$ L)f the charity. Financial a5￿ts and finwKial liabililics *T¢ r#oBntse414thth t￿ ¢hori(y 4 p•rty to the ¢ortrncu￿l PfOVlSi0os oltr ins¢tunKN. Financial liabilities ond equity are ¢I￿sIr￿d xcordinB to the wbsthn¢e of the coniThd￿l arr4nBerneniS into. An equity instrumenf is any COTrtrn¢t evide￿￿ i residual inter¢s1 in the assets of the ¢hwiry after del1￿$ Ill of its liabijiiies. Pa8e 10 Glasbury Arts Ltd Notes to the knlal Slatements for the Ytsr Ended 31 Marth 2025 Recognlth)n 4ndm¢wuremenl All financial a￿ets and liabililies are initially measured at transaction price (includtng tran￿￿On costs). exce for those f￿a￿claI assets classified ￿ at fair value through profit or lo#& ￿lch ue initially rneL%ured at fair value (which is normolly the transaction price excludin8 transaction costs). unless the 2rrnn8efflent constilutes fuwtcin8 transaciioL If gn 8trnDgeTh¢￿ constitutes a fiThancin8 tsan58ction, the fU￿nClaI asset or fuwicial liability 15 measurtd At the preseni value of the pa￿llenty diseoun*d at a nwrk¢t of iti*rest for # siThilar debt in81n￿￿. FinanciAL assets and iiabiIities ortiy offset in th¢ $toieownt of fioaDc1￿ position whefy and only when thete cxists a legally ¢nfO￿¢able righi to sel off the recogni8ed 8Jnounts and the chatity in¢¢nds ¢ith¢T to 5dd¢ on 8 nei basis. or to r￿lIse the Lsset and settle the liability simultaneously. Financial Assets are dere¢o8nise41 when and only when a} ilK cofttraclual rights ￿ the cash llows from ihe rinancial Assei expire or are setiled. b) Ihe charily transfers lo unother party subswktially all of the risks and Teward& of owneTrlup of the financial awt, orc) the charity, despi* havitt8 retsined some, but not all, Si8nifw&nt risks and r¢wArds of oWne￿hlp, transferred control of the assel to aT￿tI￿ party. Financial liobiliti¢8 ar¢ detecosnised only when the obli8ation spxIr￿ in the ¢ontracl is di8chor8e& ¢Hncelled or expires. Unmtrk¢ed Restrfeled fundB Totsl General D¢mations and le8acie$; tknnhtIo￿ from individu416 Grants. i￿ludIng ¢gpi￿1 8ranty: (]rants from other chllriiies 1.279 7.743 9.022 Totsl for 21ns 79 15.143 16.422 Total for 2Q 865 17.754 4 from other tradlllg a¢¢lvlths Page 11 Gla5bury Arts Ltd Notes to the Flnanclol StateiiieAIts for the Year F￿ded 31 Mareh 202S Tot*1 TrAdin8 iticoine: Sale5 of 8oods aNI xrvices Ev¢n15 iIKOll*: Other evems incoD M¢rnb¢r5hip subwriplii)ns Other incom¢ from other Aciiviiies 4212 4212 7.180 739 15 192 7.919 Il3 T(rt41 for 2025 5.138 Totsl for 2024 7.182 Totsl Glasbury Arts Deprcciauon. anMtiWiOts other similar costs 7395 16.620 23.915 152 Tol41 tor 20LS 7847 I9￿1 26J08 Totsl for 2(114 &953 18J32 27.285 Py12 Glasbury Arts Ltd Iyotes to the TrInanc￿ Statements for the YeAr EDded 31 M•r¢h 2025 Tothl Net iocomin8 resources for year i￿1￿. Dq)re¢i*ion OffiX￿ assets 2J93 2.110 No nOr￿Y with lthve re¢¢i¥ed TenwuTmtiOn from the clwity dwin8 the 24 Examinliion of the riDorKi￿ 9 Taxa¢kn 10 T•nglble fixed Tot•1 Ai l April 2024 Additio 20J16 20J16 At 31 M•zch 2025 24.816 24.816 At l April 2024 I IJSI 2593 11,851 93 At 31 March 2￿ 14.444 At 31 March 2025 iOJ72 At 31 March 2(Y24 8.465 P•8¢ 13 Notrs to the Trlllanctsl Statements for the Year FAMled 31 March 2025 li Cath and eMh eqlllv￿ts Cash ￿ bank 12.288 11.824 Accruals 3(YJ 13 Funth Bkn*tl ReAoureu B*l4tt¢e ai 31 M•r¢h 2025 1312 8J78 A47) 17.677 01 18.917 19,989 B*l*tt¢e It I 28,879 26J08 360 ReKMJr¢u B*l*th¢e At 31 M*r¢b 2024 lo.(￿3 18.953) 2.312 17.677 27285 19.989 Page 14 Glasbury Arts Ltd Statement of Flnanclal Aclivities by fuDd for the Yew Ended 31 Marth 2025 Unrestricted Funds Totsl Funds 2024 ?￿25 Donations and legacies Other trathng aciivities tnw¢Aw￿ itt¢o 2.865 7.182 16 7278 21 Toral 8J78 10,063 Expendltswe•n: Charttsble ￿rivities 8.953 Totsj expendits (8.953 Net in¢om¢ Net moven*M in fu 1,1 io Tothl funds broughi fonwafd 2.312 1,2(r2 3.443 2.112 This page do¢s not fom part of the sthtutory fin8D¢iaJ Statem￿ Pa8¢ 15 Glasbury Arts Ltd ststement of FInanC￿ Acdvltks by fund for the Year Ended 31 Marth 2025 Restrlcted Funds Totsl Fund8 2025 Income And EDdowm¢nts fronL' rknnations and k8acies Other trading xtivilies Inve51m•it iiicom¢ 15.14J 5.158 14.889 To￿1 i￿￿)Me arithble xtivities 19.061 18 332) Totsl exp¢ndittwe 19,061 18 332) Net in¢on N¢t movenmi in fvnds Tothl funds bfQU8hi forward Tolal fvnds corricd fonv8rd 18.917 17,677 This p¥ge does not fom PArt of the sthtutory financial Sfaiernnts. Page 16