Company rc8lstra1i1 numbcr.. 7512852 Charity registralion iiu]lli*r: 1143205 Nottingham Society of Artists Ltd known 85 (A eotnpany liJniied by suarantee) Anniial Report and Finllia[ St4Ltements for the Y¢ar Ended 31 MarLh 2025 Comniunity Aicoill)lins I'lus Units l & 2 North We51 41 Talboi Streel Nottill8ham N615GL
Nottingham Society of Artists Ltd l(nown 95 NSA Contenls Refcrence and Athnini51ralive Deiails 2to4 Trusicc5' Report Indepeiideiit Examiner's Report Statai)<nt of k'inajicial Activiiies Bal]ce Shcet Noies to the Fin]¢101 Statem¥mts 81014
Nottingham Soeiety of Artists Ltd known as NSA Reference aDd Administralive Delails Tru$tee$ Kale FletLher Paul S¢#rsoii Jane sirkert Jon ShepliLrd Paul 5uilder1Id Carol Patrick Charity Registrntlon Number 1143205 Company Re%lstTlltlon Iyumbcr 7512852 Registered Office St l.uke.s Hoiibe 71 73 E.riar l.ai)e NOTI'IN(F14AM NCJI 61)H Eva %tcvens. employee of CoinmiLiiiVi Accouniiiig Plus Uniis I & ? N()rth Wesl 41 '1'altxit Sireet Noiiinshwn NCII 5(il. Coiniiiithity AcLoill)ting Plus Uiiil% l & 2 North Wesi 41 Talbiil Sirect NOttinghll NGI 5(iL Itsdependent Examiner Aceountants Page I
Nottingham Society of Artists Ltd known as NSA Trustees, Report -lThe trilsiees. who arc direLior% for ihe purposes ol- conipany law, prc%cnt ihe kU)nual report together with the Iii)aDCldl siaiwncnis of the Lhwitsble LolliplY Ivr ilie yLar eiidcd 31 March ?025. TTUYtee$ and officer Th¥ trusl¢rs aiid olYic¢rs serving ding the year and since the year end were as follows.. I'tustces.. Loliii-l rL.living (resigned 2 July ?0241 Kk)ic l.-letLher Dawn Hi)dnan (resigned IS b¢bruary 2025) Paiil Suarsnn Philip Ilarri%on (resign¢d l May 2025) Roger Cruvks (r¢sibned 25 November 2024) Alan Gardener (resigned l 8 February 2025) Jane Sirkett JL¥n shepherd (appointed l July 2Q25} Paul Sunderland (yppointed 2 June 20?5) Carol Patrick Stru¢ture? %overnanct and man#%¢ment ofgvwerninx d()eumenl 'nie charily is a company limitcd by syuarantee and rL8j51vred ¢l)arity. li is npcraied iindLr the rulLS of ils nienioraiidillli aii(I c1rticlcs (If a$81)cialion daicd 0110212011 and recenily 8mcndcd 061061?013 as wnLiided by LertiliLalc ol. incorporalit)n change ol. i)am¢ dalLd 1810612013. It has no share capiial and ihe liabiliiy or eacli niember in the cvcnt of winding-up is limiled io £10. Recruilmenl appvinlmeni of¢rusle l-hc tncmbeTh vote ai ihe AGM li)r iicw Trustees to appainted. or Truslets are co-opted during the year wid t]ieii thLir positivn is raliliLxl ai ihe Atim. Objeetives activities Ohjecls ahd The object5 Ot thc ehariry arc for ihe public bell¢fii. to advance education by the promo(ion Bnd en¢our8gen)cnl ot lh¢ art5, incliidins all tomis of visual art5. Objeehves, 5rralegies anduelivilig5 The main aclivities are providing art cla5se5 and g8llcry space for arfssts to exhibit their work. Fln¥ncaal reylew We have hdd a gLX)d year and made a surplus. Page 2
Nottingham Society of Artists Ltd known a5 NSA Trustees, Report Poliry on reserv £42.000 (o be held 10 suppurt ihe Jna51iienan¢e of our building. Puljlic benefil 'I'he public can joill the classcs. improve their skills. aiid also exhibit iheir work in our sullery. Members of the piibliL cali vi%it alid Lnjoy our exhibitions. 'Ilie Irustces cunfim) thal th¥y liave Voinplied with the rcqiiirctnenis of section 17 of the Chgritses A¥t 2011 to havL duc rcgard to tl)e public beii¢lit guidance published by the Chariry Cun)]nissioii for Fmgland aiid Wales. Small companies prTrvision statement This report has b¢LJi pr¢p#red i]1 aLLoidaJice with the stnall companies regiine under the Compai)ie5 Aci 20116. Page 3
Nottingham Society of Artists Ltd known as NSA Trustees, Report St#terncnt of Responsibilities I'IIL ¢tee5 (wh() grL al%0 ihe direcior5 of Nottingham So¢ieiy Trf Artist% Ltd fur tbe puTroses ot.cntnpnY law) ar¥ n"spon5iblc lor pr¢parii)g ihe inisteL%' report and th¥ findllLidl slalLmicnt8 in accordwicc with applicable law
lid United Kingdom ALLoiuiling Siaiidards UJnited KinsJi)In (yeiiLrally Aicepted AL¢oiintiiig ProcliLe}.
inelu4JiDg FRS 10? 'lThe Fill)ll8[ Reporting Standard applicable iii ihc UK and Rcpiiblic of Ircl#nd" 11)e rLPOrt and accoiiiits have been prepared in accordance widi dJe provision5 in the comp11¢5 Aci 21106 relating to sinall c()mpanie8. Lompany law requires the nisiees to pr¢pare r]nancial statemcnls for each r]naneial year. Iliider ci)mpany law Ilic iriistces inust nvt 3ppr()vc ihc finanlial slJtLinLlts unlc55 Ihcy are Sdliblied ihat thcy give a iruc anLI lair VILW ol. thc siale vl. allairs ol. Ilic LharitablL LOIIIPdIiy and i)f the iiic(Iming resourLLS aiid appli¢ation of resoiLI'Les, incliiding its inc()niL tii)d expendiiurc. v( the Lharilablc company for ihat period. In prepgrijig these fancial statLments, the trustee4 are required to.. sel¥¥i siiiiable accouniiiig polici¢5 wid apply (hem consistently. ob5ervc Ihc In¢diods' aiid principle% in ihe Charitie5 SORP: make.judgetnLiils and es(imates that are rea5011able and prud¢nl' slaie whLilicr applicable aLLouniing siandards, cortjprisins FRS 102 have been followed. subjeLI to any illaterial dcparture5 disclosed ond explalliLd ii) the financial 5[ainents. and prcpare thL financial slal¥ii)Lnls an ihi going conLeni basis unless it is inappropriaie to presun)e ihai the charitablc compwiy will cuniiiiue in busiiiL%s. The Irusiees are respojisiblc far keeping proper a¢¢oulltin8 records thai Can dis¢10se wit]i rea%anable aceiLr#cy al aiiy lini¢ the finll18] positinn of ihc Lharitable con)pany and enablL thein 10 eiisur¢ that the till1claI stdlLmLn(s coinply with ihc Cvmpajiies ALI 2006. They are also re%pon5ibl¥ tor 5ulib1irdlD6 Ili¢ 1SSLiS af thi eharit£lblc ¢omp#ny dnd helice for taking rcasoD&bl¢ slLps Ic)r the prevention and deteelion of fraud and othor irregularilies. The trusiecs are rcs)nsIblC for the mainiei)ancc #nd inlc&g>rity uf die LorpardlL aiid finwicidl inlonndli¢xi iiicluded IhL ¢hdritable LOIIIPdEly'S webs.ite. l.egislati()n goveming preparatiali and di5seiniiialii)11 ()I' liijdiicial statttent5 may diff¢r Ir()In Ilgislatiiin iti other jiirEsdjcti15. The annual report was approvcd by thc trUStee5 ofthe cliarity .. . and 5igncd on lis beIlf by.. Kaic Fleichcr 'l-ru8tcc Page 4
Nottingham Society of Arti515 Ltd known as NSA Independent Examiner's Report to the trustees of Nottingham Society of Artists Lld ('the Company,) IndepL&nd¢nt examiner'8 report tth the tru8tee5 of Nnttin%h#m &>ciety ofArtl8ts Ltd ('the Cvmpany,) rLpiirl l() tlie lliai'ity truslccs Iny ex81niiiiilion of ilie #LLOllI)ts of tl)e coinpajiy for thc year ¢nded 31 March 20?5. Responylbllilies #nd ba515 of repvrt A5 (hL charity's iruslLes ol. the Coinpaiiy (and glso ils direclvi's far the purposes of company law) you are resp0115ibl¢ for tlie prcparation of thL a¢counls iii acLordanLe widi tlie reqiiircnient5 of the Companies Aci 2006 I'ihc ?006 Aet'l. Havin satisfi¢d mysell. that the accnunis of thc CompaDy ¢ no( r¢quired to bc alldiied under Part 16 (if the ?006 ALt ]d #rL" elisihlc for ind¢pcndeiit LxaIiiinaiion. I rvport it) re%pcct ofmy examiiiation uf your Lharity's tI¥LouJI15 carried oiil under scclion 145 L)r the Ch#riiics Aci 2011 I'ihc 2011 Acl'l. In Ldnyins c)Iil Jny e11)Ilu1i] I have followed (he Direclivns given by the Charity Commission undcr s¢¢iiOt) 1451Sllb} ol- the ?011 Act. Ind¢pendent ex#mln¢r's stsl¢ment I have cortJplei¢d Iiiy exat]iinalivii. S confimi that no mgtleTh have come io iny aiientiot] lli coiincction with the exdminatioii giving me Cause l() hllicvc ihat iii aiiy maiLr1& respect.. aLLouiiiiJi8 rL"Li)rd8 were nal kcpl in rcsrKLI vf the Collipany as requir¢d by section 386 of the 2006 Act,. or 2. thL accoiinr% di) noi acci)rd with those itLords', or Ihc aLctsunls do nni coinply witi) the ac¢oiuiting rcquircmenis of seclion 396 of ihe 2006 Acl i)Iher tliaji any rLqiiircineiit Ihai lli¢ ai¥owitS 8Lve a 'tn]e and fairf view whi¢h is noi a tter ¥on%idtred as part ol. an ii)dLycndeni eXli[li011', or 4. the aLrc)unis have not bcen preporcd in a¢cordanc¢ with the in¢ihods and principles of the Siatemeni ol ReLommended I'raclicc r()r accounting uiid repvrting by cliariliL% |applicablL tn chariliCS pfLparinb iheir L¥()iinls in accnrdancc with thc Flll#nlidl Reporiinb) St}dar applicablc iii Ihi IIK td Ilcpublic of Ir¥ltm4J {I.'RS 102)1. I havc no Lon¢cn)s and hav¢ cotne across no other Iiiatters lli conneciian wilh ihe examinali()n lo wliich aiieniion shoiild he drawn in rhis report in order io enubl¢ a proper iindvrsianding ol-the a¢cnut)is lo bL rea¢h¢d. Lvu SILvciis. BSL. LPI.'A. employcc of Cummiiiiiry AcL(Iiiniiiig Plus memk.r ol-tl)e LhartLYed Insiilute ot Public Finance and Accountancy (CIPFA) [Ins15 1 & ? North Wesl 411-albvl %trL'LI Nolluig]iaJii NGI 5tiL 0511112025 Pagc S
Nottingham Society of Artists Ltd known as NSA StatemeDt of Finaneial Activities for the Year Ended 31 Mareh 2025 (Including Income and Expendilure Account and Statement of Total Recognised Gains Ydnd Losses) Totsl 2025 Tntal 2024 Unrvtrictcd Note Income and Endowments frorn: l)onalii1118 and ILsaLies Charithble a¢livilies Invest]nent incoine 81 39.926 1.564 81 39.9?6 1,$64 ?00 34.488 848 -rotal Inc()m¢ 41.571 41.571 F,xpenditure on: Charildble acliviiie5 133.8981 (33.8981 ?6.()38) 'I'()Idl Expeiidiiure (33.898) 33.%98 ?6.638) NLt incoiue 7.673 7.673 8.898 N¥*1 JnovLmcnl in funds 7.673 7.673 8.898 RtenDeili#¢ion oif funds Ti)lal broiighi fonvard I'otal liinds carriLd foNard 731,607 737.607 728.709 745 ?¥0 745.2NO 737.6U7 All of ihe ¢harily'S activities derive cvntiJlllill8 vp¢rations duri118 the obove peri1$. The noies on page5 8 10 14 lorni an integral part of these financial statetnenis. Page 6
Nottingham Society of Artists Ltd known as NSA (RegistratloD number: 7512852) Balance Sheel as at 31 March 2025 2025 2024 Flx¢d ttssets l-uii8ible assels 642,084 642,160 Current assets D¢hLoTS Ca8h ai bgDk and in hynd 10 259 11?.6{)4 6.109 911.544 96.653 Credltors: Amounts falllng due wlthltt one year 12 19.667 11 ?06} 95.447 Net current a55eL9 103.196 745 ?¥0 737.607 Net assets Fund$ of the eharlty: Ullre%trict¢d income funds Ilnresirictcd tunds 745,280 737.607 745 ?80 737.6117 To¢AI fund$ or th¢ fijiancigl year eiidi]ig) 31 March 2025 thc charity was entiiled io exemption audit under seLiion 477 of the Comp8nies Aci 2006 relaiuig to bmall compgnics. DircLtoJs' respi)n%ibilitiLs'. 'I'he n)emb¢rs hav¢ noi required the charity tts obtain an audii of its accounls for the yeor in question in accnrdanLL with sectioii 476,. ld I'he dirL'Cturs acknuwled8e ihLir responsibililies far complying with the requirements orth¢ Act with rt5p¢LI io acLI)111)tiilb) fLcords atid the pieparaiion of aLlOUllts. Th¢sL linyncial 51alen)cnls hgvL been prepur¥d in accardance with the Special provisions relaiing to compgnies subjeLt io the small companiLs regime witliii) Part 15 of ihe Companies Aci 2006. nanpl siatements on pages 6 to 14 were approvcd by the trustees. and authori8cd for issue on l¥. and 5ign¢d on their be1]1'bY.. Kail I.-ILi¢licr .1 ni%tcc The notes on page5 8 to 14 ftsrni an inlegral part of thes¢ flllkincial staMents. Page 7
Nottingham Society of Artists Ltd known as NSA Notes to the Fingneial Slalement5 for the Year Ended 31 March 2025 l Accounting p(>li¢i¢s Summary ofsignifieant accuunting pollcles kcy accounting estlmates 'I'he priiicipal JLLouJiliiib pc)licies #ppIiLd iii lh¢ prcparaiion of thL%c fanL10[ slalemciits are $ct out below. 'lthc%e policies have been Lonsistenily applied io all the yeaTS presenteiL unless otherwiye stated. Stotement of compliarte¢ 'I'hL linuneial 51alLnienls haye E*en prepared in accorth3nce with Accuu]itlD8 and Rcporling by Chariiies: talLment of R¢¢oJillnuidLd l)raLli¢¢ {applicahlc to charitlLS prepariiig iheir aecoiini% in acLordaiicc with the Financial Reportins Siajidard xpplicable in the IJK and RLyublic of Ireland {I.'RS 10211 lissucd iii OLlobLY 2019} {Lharilieb S()IU? IF'KS 1021). Ilic Financial RewrtinB Standard dppli¢able in the IJK and Repilblic of Ireland {FR8 102) ajid the Lompanies Act 2006. Basis of pr¢paratlon Nollit1 SuLiety ol. ArtLSt5 I. tneels ihe dcflnilion of a public benelit entity under FRS 102. Asscls and liabilEIi¢5 #fL' iniliully recognis¢d ai hisiorical Lobi or Iransactioii valuL UDIcs5 othcnvi5e siai¥d in ilie .ILVlI acLLlUlltii)g poli¥y iiolcs. (iOlrt% concern 'I'h¢ faLIa) statem¢nts have been prepared on a going concem basis. 'I'IIL InLStees a%se55 whcthcr ihe use ol. b?OiJl8 concern is appropriate i.e. whether therc dre any material UIILertainlic4 relalL(l io cvenls or coiidiiions tlial may cast significant doiibi nn the #bility of ihe Lharily t ¢oJitiiii)c a8 a 80ing ¢ot)ccrn. 'IThL in151ees make ihi5 #s%¢ssmenl in rc8pcci of a p¢riod of one year frL¥m the dale ol'approval ol'thc flD8ncial sta1l15. Exemptlon from preparln% A cash flow &¢gtement lJndL'r Ihc cxemplion gvailable 10 smaller Lharities the Board of Trustees has chosen not to include a Stateiiienl of Cash Flows wiihiji the lJnanLial slales1)<5115.
nd endvwments
Voluntary incom¢ includiiig doiialioiis. gifts. le8aLiL4 and gran15 ihat providL corc fuiidin¥ or JrL of a s¢neral nature i5 re¢ng]ii5ed wh¥Yi the Lhariry lias enliilLincnt lo IhL income. il is probable Ih#t the iJiconi¢ will bL' r¢ceivcd und thL dmciuiit L1 be mea%ured with sUleic1it reliability. Deferr¢d income Dlferred inLome represents am0115 re1ved for futur¢ periods a]id is released to sncoming r¢sourees in the p¢riod for which. it has been received. Su¢h income is only delejred wlien.. The donor specifies ihai the grani (r donalivn must only be us¢d in futurc accouniins p¥ric)ds: or 'th¢ donor h&5 imposed condiiions whiLh niust be in¢1 Exfore the ch4riry has uiicondiiiotl ¢niiiletnent. Page 8
Nottingham Soeiety of Artists Ltd l(nown as NSA Notes to Ihe Financial Statements for the Year Ended 31 March 2025 F.xpeDditure All cxpLi1diiii is recogni5ed oncc there is a le8&1 or ¢on5tru¢iiv¢ oblL8aiion to ih#i expei)diiure. jt 15 priib#hl¥ s¢iIILXIILryiI 14 rcqiiirL.d llnd ihe aniounl be in¢asvred reliahly. All ci)8t% are ullo¢ated io the dppIiLable ¢xpcJidiiiirc heading that aBgregate Sllnilar costs 10 that caiegory. Where cost5 canjiot be dire¢tly allribiiiLd to particiilar hcadings thLry have bcen alli)caled on o basis coii%islenl Wlth the use of rcsourLes. with Leniral 5tafl' Lo%ls JIlaled on thc basis of lime sp¢nl. and dcprecialinii eliarge5 all()cated on the portion of th< #ss¢i's ILSe. C)tl)er support CO8t% are ttllocated based on th¢ spread ol-siaff costs. Choriluhle uclivities LliJritable ¢xpeIidiiufL coinpri%LS those incurred by (he charity in the delivery of its aLlivitics and services Ci)r its bLYiLfJLiariL%. li inLludc% both ci)%18 that Lan be allated directly to such a¢iivities and those Costs of indirect naiure necessary to 5UPPOrt them. Ti)¢ Chty is considerL.d ta pass the tests bei out in Paragraph l %eliediile 6 nf the Financc Alt 2010 and th¢rL'lore li mecls ihe dLfiiiilithn tsf a chdriiable coiiipwiy for IJK corporalian tax purposcs. ALic)rdin8ly. Ihe Clilty 15 Potll1a11Y ¢XLmpi from taxation lli respeci ol- ll)iomc ar ctipiial gains reccivLd witliui LdtebTvri¢s Lovered hy ChapiLY 3 Part I I i)f the Corpordtiun 'lax Aci 2010 or SeLiion 256 of (h¢ Taxalii)n of Charge#bl¢ (iains Act 1992, 10 ihe Lxteni thal such incoin¥ or gaiiis arL applied exllusively io charitabl¢ purposes. T8ngible nxed assets liidividual fixed a%sc15 Lostliig £500.00 or ii)i)r¢ are initially recorded at cost. less any subsequent accumulated deprccialiun and subsequcnl acLuinulated impainneni loss¢s. Depreci¥tion Jnd Jmurtls#tion l)Lpr¢eialion is providL.d i)ii I)b)ibIL fJxe(1 #S%Lts as ti) writc otT thc cos( or valuBtion, less any esliniaicd rcsidiidl valiic. i)ver their ¢xpeciLd userul Lcoiinii)iL lifc a% foll()ws'. Asstt l.urniiUW & cquipincnt Depreciation m¢thod rate 250/0 straight line DepreLialioi) noi heen charg¥d on the land and biiildlll85. because iii Ihc opiniot] ol'the mL51ees. the estiinaled rc'4iLliial value is noi maierially dillereni frotn the carrying ajnoillii ol-thc land #nd buildin85. Land & buildings Trade debtor5 'frade d¥btors are amounts duc from Lustomers for m¢rchandise sold or serviccs performed in the ordinary course of bSinesS. Trdde dcbiars are rccogni5ed initially at Ihe Tr}SaCtIo1) price. They are subsequenily Jne8sur¥d at aJnorti5ed Lc)%i u%u)g ihL cffeclsve iiitLfL"s1 methad. Itss provision inipairtneni. A provisinn for Ihe imp¥iinn¢iil lif irade debior% is cstablishcd wlien there is objeitjVL evidl¢L Iliat Ilie charity will nnt bc able to collect all amoillits di1¢ acc()rding to ihe origindl tenn% oflhe re¢eivabl¢s. Page 9
Nottingham Society of Artists Ltd known as NSA Notes to the Financial Slatements for the Year Ended 31 March 2025 Cash #nd c8sh equlvalents Ch Hi)d ¥2811 cqiiivalcilts comprise cash on hand ODd Lall deposit5, anLI other shorl-ienn hi}IY liqiiid iiiveslin¢iit% that #rL' readily convertibl¢ to a knvwi amowit of cash at]d are 5ubje¢t to an insignifi¢aJit risk of Ch)e in value. Tr#do credltors 'I'rade cr¢diiar8 arc (Ibligoiions lu pay for good5 vr services Il)al have beeii acquirL,d iji the or(linury ¢oursc of biisine% Irani siippli¥r8. Accounis payable cla%%ifiLd a5 Lutteni liabilitle5 it- the charity doe8 1)nt have an un¢ni)dilional riglit. al ihe iiid of i'eponiiig peri]. Iv dLler settlci)Icnt nf ihc crLditÉ)r for at ILag1 iwelve m()Iitli% aller IhL r¢pnrting date. Ir there is ali uncoi)diliunal I'lt to deter scttlunent for ai least twelve months atler the rep()rtiiig date, Ihey arc presenied as i)()tI-LiUT¢ni liabilities. '[ rade creditnrs are recogni5ed initially ai the transaLfiOli price and 5ubscqu¢ntly measurcd at arnorfised cost U5U)s Ihe tyffcctivc Int¢st method. Fund struiure lJnrL'%iricied iiicume funds ore general fuJi(ts that are availablc for use ai the trnst¢¢s' diseretion in furtherdllLe or Iht objL¢tive5 01.ihe chtY. 2 Incnme from donytions le%*cies Unre4trleted fund5 Cieneral Total 2025 Total 2024 her inc(Mie Irom donatioiis and legacies 81 81 200 200 3 Income from charltable a¢tivitle5 UnrL'Stricte fund$ General Total 2025 T(Trtal 2024 Men)bership siibscripti<)n R¢nial in¢oJne Coinmi%%inn cxhibiiion 8ale Calendar &. locker key BilldblL expendi¢ufc' iiictNne 22,753 13.135 3.269 586 1113 22.753 13.135 3.269 586 183 18.345 13.628 2.215 3(10 34.4R8 Page 10
ottlngham Society of Artists Ltd known as NSA Notes to the FRnancial Statements for the Year Ended 31 Mareh 2025 4 Gr#nts & dvn#tions Unre¥triLtiYl funds Total undry don#tioJis 81 81 5 1nve51ment Ineome Unrestricted funds General Total 2025 Tot#1 2024 Interest receivable and sin)ilar income- Interc51 receivable on bank deposits 1.564 1.564 848 6 Expendlture on charitahle aetivitlcs Unrestricted fund5 Cieneral Total 2025 Total 2024 Raieb & water Heal & light Insurlce 'f¢lLphonc & iniemet Cleaning Wages F.xhibitiun Losis Priiitijig. posl#gL & stationery L(iiiipincni. rcpairs & prcmises Tnainienan¢e Siindry cxpendiiufL' Depreciation Lesul & prc)fe5sional lees LiLLnLLS & SiLbsLriplions Mainlentll)¢L I ravel F.xpenscs Piircliase% Clds5 exne$ G¢i)eral admijiistrative costs 2.588 2,588 10,014 4.549 1,238 2.565 8,713 4,174 1,247 464 1.668 385 314 2.125 2)6 1.470 1.549 146 10,014 4.549 1,238 1.791 1.731 1.791 1,731 1.936 5.728 1.936 5.728 780 17 17 420 291 87 3.109 87 3.109 33.898 33.898 26.638 Page 11
Nottinghrdm Society of Artists Ltd known as NSA Notes to the Financial Statements for the Year Ended 31 Mareh 2025 7 Net IncominOutgtslDg re50urce$ Net incnn)ing r¢sources lor tile yLar include: 2025 2024 Deprecialion or rix¢d assets {1.936 8 Staff Losts 'rhe payft)11 cosis were as Follows.. 2025 2024 Staff coyts durlng the year w¢re: Wages and salaries 1.791 1.66¥ The monthly avcrage niimb¢r ol. person% (including 5¢nior m2uYage]nent team) ernployed by the charity di18 ilie ylar was as foll()ws'. 2025 r4( 2024 Average number of employees No employee received emoliimeDts ofrnore than £60,000 diirin8 the year. 9 T#nglble fixed ass¢ts L*nd Und bullding FurDlture und equlpment Totsl Cost Ai l April 2024 Addiii011s 647.108 1,860 639.000 8,108 1.860 648.968 Ai 31 March 2025 639,0110 9.968 Deprecl#tion Ai l April 2024 Charge for the year At 31 March 2025 4.948 1.936 4.948 1,936 6,8¥4 6.884 Net book value 642.084 At 31 Mar¢h 2025 639.000 3,084 Page 12
Nottingham Society of Artisls Ltd known 85 NSA Notes to the Financial Sl&tements for the Year Ended 31 March 2025 Lund und bull(Ilnks Furniture #nd equipmint Total Ai 31 March 2024 639.000 3,16U 642,160 10 Debtors 2025 2024 PK'pUlleIt1s Oth¢r debtors 156 103 91 6.018 259 6.109 11 Cash #ttd cash equivalents 2025 2024 Lash at bank 112.604 90.544 12 Creditors: amouDts falling due within tslle year 2025 2024 'Iradc ercdiiors OthLr credit()rs J)cferred incoiDe 7,322 954 1.391 816 390 9.667 13 Chxrity status 'IIJL charity is a charity limiied by gwaraniee ld Lonsequeiitly does not have sharc copital. Each of th¢ in15.lees is li¥ble to contribute an amowit iiol exieediDB £10 iowards the assets of the chariry in the eyeni of liquidation. 14 Fees payable ¢0 TndependeDt examlner DiiTing the period. the lees payable {ex¢ludiiig VATI io the chariry'.% it)dependent exkunviier ComtnuDity A¢¢ountiri8 I)1 arc ValYSed as follows.. 2025 2024 IndLpcn(ILni Lxan)inaiion OihLr fiiiajicial service5 720 414 580 376 1.134 956 Page 13
Nottingham Soeiety of Artisls Ltd known as NSA Notes lo the Finaneial Slat¢ment5 for the Yeor Ended 31 March 2025 15 Taxjtinn Thl ¢harity is a regi8tcrcd charity and 15 thcrefore exernpi fro]n corporation taxation. 16 TTUSteeg r¢muner#tlon and expensos Ni) Inisi¢c5, nor kmy PLrsuns LOIUIILtLd with them. have received any r¢muneraiion from the chariry during the year. N() trUS'iees have reLcived any re]rn1r$ed cxrEnses or any othcr benefiis froin th¢ charity duriiig the year. 17 Related party traD5¥4Ction$ Th<re were iio related party trdnsaciions sli the year. Pag¢ 14
Company registrotion iiuinb¢r'. 751285? Charity r¢8islralion nu]nber.' 1143205 Nottingham Society of Artists Ltd knowm as NSA (A c(>mpany limiied by guardnie¢) Annual Reporf and FinoDcial Stal¢menis for ihc Year Ended 31 MdfLh 20?5 Lorntnunity Accountit)g Plus Unil% l & ? North We5( 41 '1'alh()I Sireet Nottingham NCJ15GL