Company rc8lstra1i￿1 numbcr.. 7512852
Charity registralion iiu]lli*r: 1143205
Nottingham Society of Artists Ltd
known 85
(A eotnpany liJniied by suarantee)
Anniial Report and Fin￿llia[ 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 5uilder1￿Id
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
NOttingh￿ll
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 Lollip￿lY Ivr ilie yLar eiidcd 31 March ?025.
TTUYtee$ and officer
Th¥ trusl¢rs aiid olYic¢rs serving di￿￿ng 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)d￿nan (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.cntnp￿nY 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 comp￿11¢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 slJtLinL*lts 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 f￿ancial
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[ai￿nents. 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 fin￿ll18] positinn of ihc Lharitable con)pany and enablL thein 10 eiisur¢ that the till￿1claI stdlLmLn(s
coinply with ihc Cvmpajiies ALI 2006. They are also re%pon5ibl¥ tor 5ulib1i￿rdlD6 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 stat￿ttent5 may diff¢r Ir()In Ilgislatiiin iti other jiirEsdjcti￿15.
The annual report was approvcd by thc trUStee5 ofthe cliarity ..
. and 5igncd on lis beI￿lf 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
e￿11)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 eX￿li[￿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 t￿d 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,$64
?00
34.488
848
-rotal Inc()m¢
41.571
41.571
F,xpenditure on:
Charildble acliviiie5
133.8981
(33.8981
?6.()38)
'I'()Idl Expeiidiiure
(33.898)
33.%98
?6.638)
NLt incoiue
7.673
7.673
8.898
N¥*1 JnovLmcnl in funds
7.673
7.673
8.898
RtenDeili#¢ion oif funds
Ti)lal broiighi fonvard
I'otal liinds carriLd foNard
731,607
737.607
728.709
745 ?¥0
745.2NO
737.6U7
All of ihe ¢harily'S activities derive cvntiJlllill8 vp¢rations duri118 the obove peri￿1$.
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 sta￿Ments.
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 f￿anL10[ 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 ￿.ILV￿lI
acLLlUlltii)g poli¥y iiolcs.
(iOlrt% concern
'I'h¢ f￿a￿LIa) 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 sta1￿￿l￿15.
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 L￿1 be mea%ured with sU￿leic1it reliability.
Deferr¢d income
Dlferred inLome represents am01￿15 r￿e1ved 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 uiicondiiiot￿l ¢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 JIl￿aled 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 all￿ated directly to such a¢iivities and those Costs of
indirect naiure necessary to 5UPPOrt them.
Ti)¢ Ch￿ty 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
Cli￿lty 15 Pot￿ll1a11Y ¢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 b￿SinesS.
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 evid￿l¢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
C￿h 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'l￿t 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 strui*ure
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 ch￿tY.
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
Insur￿lce
'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 ex￿n￿e$
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 Incomin￿OutgtslDg 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 di￿1￿8
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'pU￿lleIt1s
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]rn￿1r$ed cxrEnses or any othcr benefiis froin th¢ charity duriiig the year.
17 Related party traD5¥4Ction$
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