HASTINGS ARTS FORUM LIMITED (A company Ilmlted by quarantee) TRUSTEES, REPORT AND FINANCIAL FOR THE YEAR ENDED 31 DECEMBER 2025 Company number 7540627 Charlty number 1142575 20 Marlne Court St Leonards on Sea East Sussex TN38 ODX HASTINGS ARTS FORUM LIMITED (A cornpany limited by guaranteei Company number 7540627 Charrty number 1142575 Report of the trustees for the year ending 31 December 2025 Chair's report Our recenlly insialled Mojo managemeni system which monitors our membership is now lully operational_ It automatically sends a reminder to a member as their membership is about lo lapse. A new facilrty off efs them the opporlunity lo r8new and pay for their membership online As a result ol Mojo, we are retaining members and speeding up the paymeni process. For the second year in a row Our membership numbers have increased with younger anisis being In evidence. For those artists that are working and who also have youn9 families, the mod81 of service thai we provKJè is v6ry appealing in lerms of ease of exhibit￿n or9anisatM)n, InV￿lIatIOn. and our lavourable hire rates, Ariists ar8 Still attracted io our new formula ot being able to rent a pfop0rl￿fi ol space within the gallery as opposed to having to pay tor the whole rental. World revenues from art sales In auction houses and gallerles have saen a 17% reduetlOD. in valiJes Our sales pav.ern is very much in llne wrth that figure. The Income we generate from commisslon ol sales shows this lall In value. However. we have compensated lor this loss and seen a modest income rise by having morg membership shows They are not based on a rental value ihey are based on a paymeni per artwork exhibited. They are very popular and instead of having one or tsvo membership snows per year we are now having four or five. The irbcome rocelved from ihese shows helps compensaie fof the fall In commisslon Income. We have feplaced our computer system and had rt profeSs￿nallY set up, go records or informatK>n were k)st. This cost has been covered in Our expenses. We have also nstalled a rn0de￿ CCTV system as part of our commilment to ensure the salety of our v¢￿UnI8ers. We have recenlly l)oughi new shelving and new cupboards for our Slofage areas and off ￿. We are still bjking lor a treasurerlaccountant but rt has been impos&ble to lind someone to take rt on as a voluntary role. We are therefor8 of the opinion that we will have to pay 9)moone to do this work. We are ai presenl warting lor a response trorn a certified accounianl In 8exhill. Bearing in rnind our calendar is tull ot bookings for 2026, 1 am pleased to report that the Aris Forum 18 weathering ihe storm ol the cosi ol living crisis aamrtediy wrth a very small incorne surplus, as befrts our charitable status. This can only happon because of the comrnrtment ol our volunleers and Irustees who glve so much of iheir tlme to the Hastings Arts Forum. Raymond Mcchrystal HASTINGS ARTS FORUM LIMITED IA ￿Mpan* knit*l' .Ji,,# h1illyyi R•port ol thè truSt￿s for th8 y8ar •ndlng 31 Doc•mb•r 2025 (contlnued) pu+po••• •nd •cti¥rtw* pu￿m￿l ol its charty W• ￿ ad¥art• tTh• ￿￿4)00 ￿ th• p¢* piInthp￿1¥ In h•gtirg1 In all areag ol tb• art• ty tttL*sirwJ on t￿ VI￿1 art• All rDemb8rs ol tw ore lo ￿&s11n9$ kns Foiuffl Lkn4t•(I Nym￿1 ol •n 8nnu•l eubfttpthon Tne chanty g*ry to •xhibrt m￿b￿g, Hrt I￿rb¢ ￿ O fggJ4rly chDnging LTr1 0¥￿)￿￿0￿¥ Th• w• pifwnoi•fj ty r•*WtW lh• fhwrx4h rn•d74 Bdv8rt1*rn•rt and are w to vb•w by al rn•mow8 ol Iho Accort1ry1¥. Ih•". w8te•s the C￿at1￿ n•ots tho ￿￿Irt 10# a8 oth In guK1WK• Dy lh• Clwty Q{Jmrn*B4￿ 7ho cmriy Pl￿￿.71Y h48 a pycy rhat Proc￿0& makir#J ol 4ny 9rqnts A8 •14rgd m frknte 1 10 Il* kcounty, v•lue of any holp r￿•1￿0 s r•)1 Inekthd m tr￿* •cco¢Jnls oThJury ¥0￿￿tarY G¢ntrWWI Dy a numDgr ol memts¢v$ 10 ￿ runnH)g ol th¢ gallery to ol Chqrty w¥1 M much by •u In4vl¥•Y lth a lu4 r8rMJ• ol duriTrJ N ￿ar th• g••wy 8ry1 m•nws pth• bw I￿lY •ry•g•d lThrougpK>ul lh• *•ar M•rnD•tWIP numlwg a ￿nff￿nt orth4f*girq Increase, ollw Dy • diwwhnling dfW In c¥ynmigllion on Rat85 for m+m￿r%￿p •lld g•lbwy fvr• ha￿ St•1¢ lor •tYth y••r B* (Mjr awn i• to m•r¢bwi pr(¥noi8 T￿rk Fln•ncl•l r ty)t•l ￿tt)m• lur £34 397 Irt £32.896. y41rw a wlus tsT y•ar of £1 501. cotyed ty t2.7Wd In 2021 Il•••r¥w •nd g•én9 COn￿M Th• Gharty'• poly i• to ro gutWlfl9 e*pgndrture lof at 190$1 a thfo• monih pefoj, pnmorty Stall co8ts. r•rf 4Ailrty ¢o*s Th• i•¥ww48 •t th• B￿ar￿￿ Shw d•1* 8mowM•O ￿ t41.046 W• b•l*¥* thi$ rt enoojh to c4¥•t ft•t•r•Tr￿ •nd Admknl•Irn￿Un d•t•M• af1ty n￿￿ts￿r Ctynp•ny nwibw Ch•r*y's rty*•r•d tfft• 1142575 7540627 20 M•iin• Cthrl Sl L￿1¥01 on S•• Eam SLMa•x. TN38 ODX Pet•1 W•iiw• PCA Div•¢torn and tru•tM• The dirqcby8 Ot th• tr1arstab￿ comp8ry Itng chantyi af• rt8 tfu*•*8 lor lh8 purr4)••s of tharty Tl iJ**•* fvr*l ollLw$ 9orw4 Oyiir¥J fv. !*A.. T1￿ *rK• ttw 8* IrJllD¥A Tru*1•• rtim• O•1•• •ci•d li r*oi whol• y•ai Olfic• Ilf •Trl L••l•y 8•t*•r R•y IlcChry•l•l L••ll• Ilornn l•n O'L••ry P•ul Swy•rn Jo W•l•h HASTINGS ARTS FORUM LIMITED {A ￿mpanY limiied try guaranwei Cofflpany number 754(h327 Cnarty numDef 1142575 Report of the trustees for the year ending 31 December 2025 (continued) Slruclure, Gov•manc• and Management Go¥•ming docum•nl Memoranaum and A#1￿leS of As8ooallon dal•J 22 FotsrL￿ry 2011. Ch•rlty constitulion Cornpany lirnil•d by Guarantee Appolntffenl Ot truste•9 Appoifltèa by me members In 9er*eral m••ting. ¢asual vacancies lilled bv th8 Irtsst8és. Or9•n•ulion Th• charrty Is managed by the Trtss'.ee &)ard Inal rneets regJ arly and cofjssls ol represontslives respons,ble lor *41ninisiraiioi. Exf iJitK)n Marke1irsg. Finance an¢J Wob and IT Tnese Indivhjual groups Tèel règularfy ano c￿ordinate the actiMt*èS ol tn• ¥fjlunteeTg. There are t)0 relaied parb89 Of relaled party transactions to rfrwrt. ￿ne ol our Iri•S;ees receive r8mun8ration Of omer benelil trom IhthT Iififk wth th8 charity other than mai 8Vdilable ￿ any Othér memDer. MaNy risks aro asses￿ an(J rewew4¢d try TruslO0S 4n3 38.254 39 i45 41 046 36 7)3 39.>45 The #aiernent of financk41 aclwrtles Ir￿ludeS ali gair6 and bsses recogntse(i In the ye£r. JI incorne and experKlrture deTrves Irom conlinulrrfj adNllies. HASTINGS ARTS FORUM LIMITED (A cffwny b) an audit ol tt• •cthnts ￿d•0 31 0￿•m￿lI 2024 +n 476 sy me Compthni•s kt 2008 Th• ¢ir•ctrs •ckx)*l•dg• tN*ir r•¥￿101￿￿ lof Q)mWyry *•th th• f•q4Mr•m•rnts of iN• kt rèwt to th• •¢C￿nIty ar￿ lor th• al aC0￿n Th• on p•9•• 7 to 14 l¢m pBrt of tyw•• Th• l*)artciai *11orn¢N• w¢r• by Tru*w• on 19 S *rNI lynthi b•h￿ ty Tru HASTINGS ARTS FORUM LIMITED IA ccmpany lirnrted by gua"antee) Company number ?5￿27 Charity nurnb8f 1142575 Annual accounts lor the year ended 31 December 2025 Note$ on the accounts 1 Ac¢ountlng Pollcles Tl)8 pi Incipal accourit￿n9 p)Ildes adopted, lud9ements and key sources ot eStirnat￿n and uncertainty in the preParat￿n ot Ihe financial 9taiements arè as lollows. 1.1 8asl8 Ot preparatlon Th8 financ￿1 statements have b@en prepared ffi ac¢ordance wrth h£cotsniJng and Reporting by Charrties Staiem8ni ol Recommèndèd PraclKo appl￿atsIe lo charllie8 preparing ltteir acccunty in accordance wrth rhe Finanual Reporting s￿rIOard applicab* in the UK and Aepubl¢ of Ireland IFRS 102 . eff8ciive January 20151 and the CompaniOS 2006 Asseis and Iiabili ar0 Inrt41ty recognisea al hlstorical ￿$1 or tran8actb>n value unle88 otherwise Stsied In the Tel&￿2n1 accDunling policy nol@!s) 1.2 The charlty meets the definltlon of a publk benefft enllty ai dellned by FRS 102. 1J Preparatlon ol the accounts on a going concem basis. The trustees are ot the view mal the chanty is a qoinq concem. 1A Change In the ba818 ol accounling There has been no change to the accounb.ng polits"e8 Ivaluabon rules and rt￿thOds 01 accounDngi since last year. 1.5 Income rocognitlon pollcies Aecognilion ol These ar8 tho Ststèm•nt of FlnAnual ISOFAI Incoming rn8ourt•o when. Ihe charrty becomes entrtled lo the re8QUi￿$,. the Ituslees are suff ic￿ntIV certain thev wtll receive the rwJources'. the monelary value can be measufed r8liablv Incornlng re•ouv¢eg Wheie *wming ieaourc•s have Tèlai8a •xpegdltur• las wrth with ￿lated fundraising or c4)ntract income) the incoming resourc•8 and r9l•ted expenditure expenditure are reDort8d oross In lh8 SOFA Grants and donatlong Granis and donalKsns are onty included in Ihe SOFA tknen th8 charty has uncoThOtr)nal entli*menl lo Ihe resour￿5. Incorning resources from tax reclairns are included in the SOFA ai I same tirne as the qift to wh￿h they rélal8. Thts ￿ only Includ￿ In Ihe SOFA onc8 th8 felaled 9oods or services have tjeen dolNofOd. Tax re¢laim8 on donations and olfts Controctual incomfr and perfomwnc• related qrants Gifts in klnd Gffts In kind are aCC￿nted for at a ieesonable eslirnato of thelr valu• lo Iho ¢harty ¢Y the amunl actualy realiso(1. Gfts In klfid loi sale or dffjir1)Ut￿n are inchjded in Ihe accounts a5 grfis only when eold or dtytr*tuted by the chaflty. Grfts in kind lor use by the charrty aTO inchJd@d in tho SOFA as incomin9 resources when receivabkn. Bank int8r8St Is r@port•d bn Ihe Siawm•nt ot Flnanclal klivrtles once r8coiv8d Bank Int•rMI rtcelved HASTINGS ARTS FORUM LIMITED IA 'pany TF fv qud'.dr'l¥vi 'rib)s808 This IndL4Jes any galn ￿ bss on Ihe ol inveslrnents apd any 9ain or rewliing liom revalu￿9 inyeslrnenls lo markel ¥ahJe al lh• of th• y•ar 1.6 Exp•ndltur• Ll8blllty recognlllon aré r•crgnlG•d as soon as thér• ￿ • 1•gal Of wnstr¢JCtr oblKJa1￿n commrt1ing tl)é charity 10 pay out r8￿urces. the cllafrty giY•$ A giant eondrtj'ons lor rt$ paymenl Deing a le¥￿ ol ser￿e or thJlPUt to be DrowJeO, such granis are onty focogn¢ed in the SOFA Ihe fe¢ip*nt ol the grant has ￿0￿)0￿ the SpeC￿le￿ service Of output. Gr•nt• yyBbl• wllhoui Those aT8 only rocognT&8d In tho aco)unis a ￿nMItyn•nl h performanc• be8n rnade aTrJ Ihero are rbo con01r￿nS 10 b8 rrel relating 10 me condltlon• grani reffla￿ m the coniroi ol Ihe charrty. 1.7 Agsets Tanglble Ilxed a•$ets Th•88 ar• or¥t4h*O rf can b• lor mor• IPW ono yoar, lor use by chartty and wsl al least £5(Xl. They 8t? yolued Al ¢o$l w a reaBonable va￿e on rece•pt DeprecialK)n @ Pfov#Jed at rat&s caknlateol lo wrrte off Ihe cost ol fixed a88els, ￿55 their e*iTr18led re•Klual vabJ•. over their •Apecled uselul lives on th• lollowng ba$8$_ FIMlur•8 and Flttiws . 20% ￿laIght lino In¥estrneni$ quoted on o recoanigoo st￿k e¥¢tiange Afe ¥•lued 8t market Val￿ ai the y•ar erKI. Othef investmonl as8018 ar• 'ud•d al trust8es' be$1 •sllm8le ol maikel valu•. Th8￿ ar• valuèd ai t￿ 104••r ol cost IY mark•t ¥￿U•. Grants wlth performanc• condhlon8 Inv•stm•nts Stock• and V￿rk In progress Oebtorg Tr•Je and other debtors afe re￿gnIsed at th48 settlèment aft￿nI du• 8ft•r Bny trade digwunt offei8(J. PfLbpayrnw1S are valtjèd at th• amount Pfepaid attor takfftg ac0￿nI ol any Irado dlscounls C•8h •t bank •nd In hand Cash al bank and cath In hand ffj(*MJ88 C4* army &M)rt lerm huhty ￿￿stman15 ¥th a thort malurlty ol three monlh$ or less Irom th• oat¢ ol acqui$ll￿n ci op•nlng ol th• d•Fmd•r a(£ounl. Crednois arKI provisions are f•cognised charity 4 esenl obM9atx)n rewfwj from a pasl evéni mai WMI pfoDatty i•wll In th• transl•r ol Idntt$ to a Ittrfd Pafty ano the amount due tt) #•IV8 th• obl19a￿n can b• m•asur•d Of •slirnal•a rel￿blY Cr•diiois Pfovwns ar• normally recognised ai therf 98ll*rnenl arTrtJJnl after any tr*Je dbvKounts d Credltors and provl$long HASTINGS ARTS FORUM LIMITED (A company Iimiied by guaranie8) Company number 7540627 Charity number Annual accounts for the year ended 31 December 2025 Notes on the account8 2 Leqal status of the charity The charity is a cofflpany limited by guaraniee and has no share capital. In the event of the charity being wvund up, the liabilty in respect ot the guarantee Is limited to £1 per member ol Ihe charity. The chartty is a public benefit entty 3 Income from donation8 2025 2024 Donations Total inconw trom Donations The Forum benefits greatly from the involvement and enthusiastic support ol lis many volunteers, delails of which are given in our annual report. In accordance wrth accounting standards, the economic contribuiion ot general volunteers is not measured in the accounts. 4 Income from charltable actlvltles 2025 2024 Unrestricted Unrestricled funds funds Membership subscriptions Gift Aid Ga'lery Hi'e Total income from charitable 7.125 1.051 13 356 5.986 12 669 5 Income eamed from other tradlnq actlvltles 2025 2024 Commission on sales ol work Artists cards sales Other Income Total Income Irom other trading 7.446 2.556 152 11.903 2.037 111 HASTINGS ARTS FORUM LIMITED .LI4JT ul'd.'Ily u'_bo( 114<51 Annual accounts for the year ended 31 Decembor 2025 Notes to the accounts 6 Expendllure on charllabl• actlvtt*• •A•mb•rn Exhlbltlon• ••ThI￿1 * Adlvbtl•• Toi•l Fl4t A•nt & g•r¥ic• chgrg•• Ekncir Tele¢*one & IMFI .4int*nonc¢ 305 8,340 r•¢1 coil 510 510 1.198 352 rea co$1 Dir•d c¢ tXr•d ¢0* 1.470 Shared 25fTS 1,368 Shared oqually 11.355 Sh•r8d 2yrs txrea co81 233 Sh•r•d 2YTS 352 pL￿￿ty •nd printng OMJn •v•nkvJs T¢chno*)gy X4PWrt St4lf Voluni••r8 OM¢e 8￿m￿l*ll￿ •nd ￿al￿DefY ExttIbrt￿n ?XPBngp8 Artists carOS wr¢h•s•d lor SICK Oeweci4l￿ FIxNfegFnnp G0￿MAnCe cogt$1>80 not• 101 *MJer*ndwl AeN* Tote bRg• Total 1.103 2,839 8.518 175 411 1,730 'rect Cogt 162 Shw•a 2&7S 756 PJ)•ieil equally 169 re￿ co* 31.774 41 122 378 378 4.387 27 407 7 Summ•ry an•ly818 ol •Mp•ndtturn and r•l•led Income lor charltsble purposes. Th1$ 14b* tn• oi m¢ tsr* mwn ¢nardabl• actty)l*$ 1fi0 th• gCwrc•• ol Incom• thr•cty KJ Support M•mb•rn Exhlbltlon• ••ThI￿ * Actlvltl•• Totsi (4,367) 127.4071 7.125 131.n41 7,125 13,3S6 7,448 2.556 1,203 1881 G8￿ry H Cw.mis9ion on $8189 ol •rti•l8' Sab5 of artists card$ Grft ,trth•i SAlg8 Incom• 13,356 7.446 I,osi 3.809 152 Not C[￿ funded Irorn oth8f income 13.8971 Ti•Okng èxp￿$1$. FInI￿ ¢harw Noi• 8 111221 Don0￿n5 and Gr8nis Mjie 3 1.893 ei Income 183 HASTINGS ARTS FORUM LIMITED IA cxwnpany r#ni￿(j b!, 4 J3rcinl-: Annual accounts lor the year ended 31 December 2025 Note$ to the accounts 8 Oiher tradlng expense• 2025 2024 FinarK• th•19•9 Anatysis of support costs The cn4rry Klenirt*g me co$15 Ot rt$ support Ivncllons Ind th•￿ ar• •worl￿n•0 s•paraiwy t)•￿••￿ m• *•y ¢h4rii•tylo aaivrtV45 LTrnd8rioken Ipee not• 71 in thg wr. Ttte tablg beb)w thowB the lor Fyortionment. Supp)rt c Ntsmb•r¥ ExhitthJn8+ Tolal BawB Ot &PF￿rn•￿t Gov•rft•nce . Ina•0•r￿*ot Bev*w Finance Inlormabjn T•¢hn Staff Towl 378 378 756 1,122 Shar•d •qual Shared •qual Sh•red 25175 8.516 10.139 11.355 14 eo1 4,482 10 Net Income for the yeai 2024 This Is stat•d after thar9llWJ'. oe5ye￿Ikn 756 756 11 Tru•lee•' r•munerotSon None ol the trts8l￿ hava paid any refflunwatr)n ty recel¥ed •ny olher benellrs •n ¢mr40￿oni 12 Tru81••8' eXPOn8•8 2025 2024 Numbef ol trustees *ho *ere pa•Y expenJ8• Naiur8 ol exp•n8 To￿1 amouni pa nl4 ni• HASTINGS ARTS FORUM LIMITED IA company Iirnitèd by guaranleèi Company number 754C627 Charity number 1142575 Annual accounts for the year ended 31 December 2025 Notes to the •c¢ount8 13 Stsff costs and numbèr8 Slatl cos;s '￿ere as lol lo.￿5 Wages and salar*s Social securrty ￿SIS EMp￿yer'S conlribuions ￿re made to a dellned contribut￿n pensw s¢hem8. 2025 fi 1.355 £0 2024 £10,575 £0 The avera98 monthty number ol employees durlng Ihe vear was as lolbiAs'. Alminisiration There are no empk*yees vtho recelved employee benelits ol more Ihan £60,0(K) No. 14 Operating Lease commitments The tharlly ooes not have any luturè mlnlmum 18ase payments un¢Jer r•onv cancelIab￿ operabng 18ases but the accounls do not ¢omoly with the a¢¢ouniing requirements ot secDon 396 of Ihe 2006 Act other than any iequirement mal Ihe accounts give "true and lair. wew not a matter consKlered as part ol an Independent exarninat￿n. or (41 the accounts have nol been pr8oar8d in accordance the methods ayd princip18s of the Statement of Recommended praCt￿e for the accounting and reForts"ng by charits'es lapplKable to charrt￿S preparing their accounts in accord8nc8 With the Financial Fl8POrting Standard appl¢ab￿ in the UK and Flepublic of Ireland l FFIS 10211, I have no concerns and have coffle across no other matters in connectwJn with the examinaion lo wh¢h attent￿n should be drawn in Ihis report Ofder io enable a prop•r understandmg of ihe accounts to be reached. Sign•d Oal• /0 - (- Z4/ac Na P•l•r Watt•r• FCA 8FP Addv•s• Galloways Accountsng {8exhilll Limrted 23 St Leonards Roed 8exhill on Sea, East Su%sex, TN40 1 Is