¢harity reg¢slr8bon 1147845 comp reglstratkn rNMnber07732864{EnUnd and Walesl THE SHOOSMrrH GALLERY UMITED ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE SHOOSMITH GALLERY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustaos B Har(Md T Fnmnant K* N Gothn DJ Wiyhl {ApAnd 28 Febrv8ry 20241 ¢harlty numbèr 1147845 Company numbor Reglstered office Ro NN4 8AW Independe examlner je & Partners NN2 7AZ
THE SHOOSMITH GALLERY LIMITED CONTENTS Pa98 Indedent exawinprfs rewt ststemenlaffffi8rKial artMiEs Nota$ lo th8 fnarKi8lsial8fttÉ 6-12
THE SHOOSMITH GALLERY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 trustees wesenl t1r annual atKI Ina[ IlheYeared 31 Matth 2024. firhonuel slolem¢nts hevc b¢en prepared in •wounbry zet wt M notc 1 to ihe finynciol sialemenLs and comkly with Ihe Igovemiro dowrnentl. Ihe Conyns Ad 20D6and'Accounlmg Reportiry Charities." Statement of ReCorrffied Practre to charthe5 wep3mg lhr aco)unts n accordanTr with the Financial strndard appltatle w) UK RwtAic of treLd IFRS 1021" lefftdive 1 January 20191. Objectrwes and activ¢8 Shoosmiu) Gallery is 8 regtsier8d ¢h¥rtyto artisbcwort of Thjrston LahJ8 Shty)smith11865.19331 FnY VK)kl Shoosnwth11871-19251 lo 1¥ae krwy4Aety arvj &ucaton ol their art a$eted hisl(ry. To also prornote arilherapy Sessio as a creative eXWe50 the oftraLma and Ihe emotional wellbein9 of pelv. A¢hlev¢ments and pertorman¢e Dunng the fn¥n¢kg1 ya¥, tha gallwm Mi1jj to fr)Jgon p8cpb aThJ cyntsath)ns asso¢L8ted vllh sector, as the NortlkamptrShIre Heritage Forum. ID ken£11tieS fUrain9 fr(xn 3 rarge Df donors. Ths led to a w4¢tsThe bythe Const3rtr Trws Fund. iowwds rWNe 0fr>gIr the art colÈcth)n with UMra¥1et regtht gL4ss lo rthce hght in hrtuTr. Addbwal painiings byTLS F'4S weretffiaigJ to Itp and ayded to Ihe inveniory. The G8lkry has Iherefo vesivJated altemabve %vays to display the cct. d1rj dle-native s. We are liaLsing %vth DaPre Jlbbey lo help entfy surfbe venue3 in N(xthamptan_ Michaèl Hatrtson RBA,'Patron of Ihe sIK>Dsith Galwlthlitated a etir) wth senK)r repretlI¥ÈS of the firm ShwstnilhsLLP. lo discuE5 pUjes c(4lknBl in fLlutp. mith1 has 5been apwnled 'Prey(Ènt-Ek¢t' of the Royal Swiety of &itth ArtÉts IRBAI whKh i5 a preWixts rM)Sibon and 1$ 8 furtheroFportunty to prornote the ShsTti Galw In Ihe [cS Mll alteThl in fuiure. An in¥itaiM)n wats exted to the PaSt-Presl (bratths manthe Royal Waietttknjr &)tty IRWSI 10 V11 ihe Shoosrrith Gakry. This 18d todkne a ctynmthni an 8xF¥i¥lon al Ihtr RWS in Juw 2024, 81 Ih$ir premises ki Whilcorth Street. LoTrkn. This1 be an Opynty toexhitit a CetirofShoo5nth painting5 In a London Èrt verKJe foi Ihe fysttime in ovwa ntury. 0USs5re also hekl %Yith NorthamptDn Museun & Art Gallery INMAGI to lo a secto of Ir Shwsrnilh paintsncs io ncknde r (xjr at thp F¢WS. DCUsSIonS were also held wth Delapre Abbey aiuut ayS to ftJrlheF prlxnole interest In (Mjr venue. Delapre Abbey is promting'wdltHry seNKe& dwJ5sMs have been hekl to contherNimUy Iryressg our charitatAe o'ective (rf hddiry forart therapy Flnanclal Tpvlpw Tk charity h8d 8 yarof£30.130 (2023- >J$£29.6071. Strncture. govemance and rnanagernent Trt Chanty c¢ntrolbY by It's 9)¥erThw ¢*Kun. ¥ le•J oflnL5L aThJ constitt a liri t)MnY. lirril&Y tyguarant. as defined ty the Corns Ad 2W6.
THE SHOOSMITH GALLERY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Th8 trustees, wtK) are asDthe dreLx5 fof ts putwse of L¥)[[yan w. ¥] Tsdduring the year atNJ up lu the dat of $19natureoflhe sratÈnTth$ we. Mr B Hamid Mr T Frc)ml Mr N Gordfyi DJ Wright P Alen (Atrted 28 Fgbruary 2024 direolor6 oflhe thantable atp a>J tru$teFs fry the rup)s of th¥tity L8w *d Ihroughoulthrs rewrt arB collectwely referred ts as trustees. There wep4 tmstees as ai Ihe an(la1 yeareThl revi&v. The currentlrnslees are lamliHr with the purpDse %%ork of chanty aTrd the tenof trE merrKKarKlum otKI articles of a$Slt. trustees. reptstw85 approved bythe ofTiusioes. Ir 8 Hamid Trust99 15 Novemiw 2024
THE SHOOSMITH GALLERY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SHOOSMrrH GALLERY LIIAITED I r8Wrt to Ihe trlee5 my exatr4nalKJn vfthe statw[LS ThB Gry kntrwlal (tr chty) for the yearendÈd 31 Marth W24. R$sponbIllIFy arKI basls of report As Ihe bust888 ofihè Charity lathJakn its diraciors fcthe rp¢ of conwany ) ycw are rasporwue foi Ihtr preparai of lh8 finarwl stalernthits in accordarK8 with Ihe wir•rw)ts of ConwarsA¢l lihe 2006 Acti. Hawng salEfied m)seWthat the fin3noal stetS of the Chatity arp tK)t reqwed to be au(ted und2r Part 16 ofthp 2M6 Act arvj are eligible for IndepdeTrt exaninalon. I rewrtin respectof trry exaniDatvJn of Charity'$ financial Statements carried out UNJW 145 ot ltre CharitEsAci 2011 lthe 2011 A¢ii. In cwryry tyjt my examiTh3ion I have folN¥ed ¥1 the 8pplicabP& ThrbonS gtvw by the Chanty Secti 1495Mbl oflh8 2011 Act Independent examinees statement I have CoMpted Thy exaNinaliM. I corifitrn tnatt£r5 have c(The to rnYattenti in connectK)n th the examination givi me oxuse lo belE¥e that any ThateDal re5PBCt". accounbng rewrds WWÈ notkepi in thE catity aswuired tysecbofft 386ofthÈ Att". or the financial aatsments (k) ilh ret¥yts, or the financial stat8nents do notcomtAy the (Dunti ofsecbon ofthe 2006 Act Ottr than reqUirent th81 be 8CC(Kx)ts g¥e a trLE and fr vwwhch Is a m8iercmswJeEd ¥s Mof w IndeFendeni examinalTh". ( the firpncial stairynents have noi been prepwed in atr)ydarte ¥Ath Ihe and prir1ps0[the stsiemeni of Recommenaeo Pral¢e Yor a¢¢ounlin9 ano Dy tharites io Chaiiies weparfft9 Ineirattn¢s in a¢rordgwe With Ihe FinarKial ReFMybro SlaThY¥¥J appiicth pl UK Repts ol Ireland IFRS 1021. I have no concems anrt have cOmer05$ no Olher rnai*rs in with the ex3rnirK4tion to tICh attention shodd be (trawn In th15 in ord9rto urKlgr51wdiry finarKial stslwngnls b9 reach9d. Jonfls 8 P¥tn•r Hart0h Road KingslhD Ntrrthampt¢ NN2 7AZ Dated". 15 NDvpmbpr 2024
THE SHOOSMITH GALLERY LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 To*1 Unro8tri¢tsd Ro8tri¢tod lund5 fund3 2023 2023 Total 2024 2024 2024 Notes In¢omo fw: t)on8t1and 11 5(X) 27.(KK) 24.028 54.ir28 Totsl Incomo 11. 24.02B 54.028 Raising furK15 8.370 8.370 24.421 24.421 Totsl expontliture 8370 8.370 24.421 24,421 Nfjt ity¢orn• arwj i funds 3.130 27.iNXI 30.130 13931 29.7 R8¢onclllaUon of fvnds.. Fund balarKes at 1 Apnl 2023 111.OS7) 18.943 110.6641 110.e641 Fund balanceg 4131 Ilarch 2024 17 W2n 57.0 49.073 111.0571 18.943 Th2 stBieThenlof finanal ackmt5 ncbJdes all gBinsaThl k)Jse3 wised in the year. 1 irKX)tnE expErKlitute derive
THE SHOOSMITH GALLERY LIMITED BALANCE SHEET ASA T31 AIARCH 2024 2024 2023 Flxed Bssel¥ langible assets 10 30.(KX) Cuvrent assets Cash 81 bar and F) h• 2.585 CredltOVs: amowtsfalllng the wllhin one yFar 11 110.5121 111.0821 Net currenl liabilities 17.9271 111.0571 Totsl a$$8ts l•ss Current Ilab116tss 49.073 18.943 The funds of the Charty Restricted itbcotne fun(ts 12 57.( 17.9271 30.IWO 111,0571 Unrestricted fur$ 13 49.0", 18.943 The cpanY is enknued lo the eXen1rtKfrorn Ihe3LwIit reWiTerwcrt3ned n se¢kni 477 oltrE CotrYansACt 20(b. for ihe year end 31 March 2024. Tre direrlots ackno¥%tse their resn$tlib forccthplw.ry of the CompankAct20D6 rested to ac¢ounbr& r•¢ords end Il prepara fm8ntsal ¥ilents. Tre rnernb have not required the )rnY to Obta an alit of n5 statements torthe Y1n qstiOn in 8¢(x)rd8ncewth sertM 476. I trSe finarual stalernents have prepa iknlhB apprfKabl8 to CpaleS wbpclto lh8 small cornpanies 91ff Ih8 financwl ststerwnts awoved by Iws18es 15 Novambar 2024 Mr B Hamid Trustee Coryany reg1[atill ThJmber07732e64 IEnyLxl atKI Vlalpsl
THE SHOOSMITH GALLERY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AOUnt9 pol195 Charity inlarmBtit The ¢hoosrnth Ga11Y lir9 is a priwale cnY Imitd ty guar19¥ in EnyorKI W8l&s. Th9 1.1 A¢countlg comtenti Tho finanasl stat8rnonts hth bèsn in a(%rdanIIh Ihè Chariws thcurrtèntl. thè Compan8 Act 2006. FRS 10?-ThÈ Financ471 RepybTrg Sthdard in UK ar1 Rèpublic of 1rdar. I"FRS 10ri and the Chatities SORP"Ac¢tyJnbng arKI REportg byCharil" sialetn8nl Re¢l¥Trded Pradite applKable to charthes preparing trEir accgunts acuJnlarte vAlh the Fffi&al Re Standa"d app&cable In the UK and RepuLqic of Ire IFRS 1021. {effKb%e 1 January 20191. Chafity a Benefrt Enlity as defined by FRS 102. The Charbty h t8k8n èfvantag8 oftho in th& sORPfr¢tha noi to 8 &atam8nt of Cash F5. The finanoal st¥lents are twie(I n sWir¥J. ¥thTrch is Ihe tJJff8ncyollh8 Charity. Mwetary 8mlnIS in iEsvlinJri¢wl ¥tste[ntIs tre rauted tu rd[&t £. The finantI statents ha'le been urxlÈrthe INsturi(a th$tiVeN, Im¢Kkfied to Indè thÈ rÈvaluatK)n of ftpehold propettses ar io ¢jde ¥Strn1 wpwbes atvj (•18in firw(i aifair Yaluel. ThB priDcipal acconIrg pol% adopted are set oulbekA¥. 1.2 Goln9 COr¢M Al the lime of8pprowry the finarN)81 SI7•. trt thJees F48ve a re3sMab eXpethb Chty has a¢equale resr¢&$ lo o)nbnu8 in op8ratn81 8xistencs lor thg frKeseeb th8 trust8es wnl'n lo aycyt Ihe going conr baS Ofaruting preparing Ihefnantial st3ternents 1.3 Charitable lunds Unre5trthd are 3vaLth use at the det ofthe trustees I furtheratKe oftherthaiilaNe obpctives. R•strthid fwds SU4 io spcOnL1Y1S by (S)rS of1£ as lo how Ih•y rnay b4 us•d. purpog0S and uses oflts restrKted funds are set¢xn in the westo the fmarKial srnents EOwrenI fvn¢Ls are t¥t to speak &)ndithyE by that Ihe raptsi rnust be MnIned by Charity. 1.4 IncDrTre Iwme E recognwd when the Charity is Wly enbw to rt after any wtwnance 0ditN have tegn mel the nounts be measured relabty. rt15 tObab lh3lin(xxe il beTwEwed. CashdoYatis rewi5gd rg(wt. Other¢knakn$ onTr ts Charily ha5 1)een (ed oflhe donaton. unless [ert(ThrKe (x)rKlthoTrs requre delerTd ollbe aUl Ie tax reu)veraLqe in re13tion to donaions receNtd under Gift Aid ordeeds ofixJveni i% rec>wtsed atthe ine ofihe L8gaoe$ are re¢owised on rec•pt ctherlvsti rf Ihe Charity has been notified of an Im[*ing dismblnion, the nt 15 known. aid receipt is expeded. 11 the anounl i5 ncl krKMn. Wy istreated as a contingent asset.
THE SHOOSMITH GALLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 MARCH 2024
ACcoUntw pol•e$
(Continued)
Expenditure Is reKo9nised the LS8 l orcoistfLKts% ot4igabonto trnnsfereCorThc benefrt l?a thifd party, Il
Is wobable itsi a transfer ofecorwyncbefits Wil be reqre(l settyenwi. and tFKJ arnouni of Ihe oblvj8tsL C8n b&
measured rdwbly.
Expendilum Is dassifd by 8¢bwty. COS18 ¢Jf activity • upof IhB i0lBI uf ditt and shated
rn81s. inr.kirfiro siippNt invcth• in Iinrfp.rtry arjiyity tbrpd In0P In a sinolp. Artmty Arp.
allctslod direcllylo that actrvty. $e costs 4thch to rno'e Ihan l¥y and gjpport Costs which are
not atlbtab Ic 3 gngle thy[W ale beln Ibose activthes on 3 ba5i5 rAinstetwrf the use of
resour5. Cents315taff costs are kKale{l m Ihp bS oltimp sppnl. 1 detKeThalim drgE5 are alltrAed thè
portv)n of tho 3s8818 use.
1.5 Tanglbl& fixod a558ts
TangIbliKed a¢sets ¥e I"alY rneasLYed at cost arKI subsequentymeasured at &7st orTrrdluation, netof
deprtThlion and any imparrnayl kse5.
Pahiings
Tlie Ot Iw arifKJ ifvj diSfth¢il ofail as betywwi saltr PCOLÈVE1s aiiu 1
ratryng value olthe asset. arxl is re(¥Wi4 in slateroI( acbvthes.
1.6 Impalmnt ollt THE SHOOSMITH GALLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 MARCH 2024
ACcoUntw pol•e$
(Continued)
.8 EOyee benefit8
The cJJst of any unused N13Y enlit11 re(xNJned in the the eYSSerVIa[e reIved.
Tntn Inefits are recne inethaielyas an when ts cwty demwstrJbly ¢ximmthed to
lerrninate rfan ernPb provKk lerMat ber
Criti¢al accounbny estirne5 and judynents
In the applicabon ofthe Ch3rity's arLountiry Eds. the1e5 wured to rrwkejudyerTreTrts. estirnate5 and
assumpt$ aboutlhe (xtrying a[Ofas5ets that Ère rK>l reathly apparent from OlhÈT rs. ThB
eslThatss 3tNI assOcted assW[ytK5a based eXwI8 ctherfactor5 that are consthr8d to be
rdevant. Aclual resu maydffiÈr from1hStÈs.
The eStteS asSnplS &e M¥ed on an Ongmng b3&s. RevisKJns to acCInng esknmates are
rerngnised in the perd in ¥hMth the estite rewsed revisKm affecs only that pwi(xl, or in the ppriod
Ihe reViSn and future petKs where the remOn affects botri CUtreritatQ fLrture peri(x1s.
kKome from doTrions and legacies
TJlal IlnrEstrictEd Restricted
funds
funds
2023
2023
Total
2024
2024
2024
2023
oona1KJaThtt gils
11 5(M)
27.0
4.Q28
54.tr2
During IhÈ fin*cia year, Linbted has reed F27.IINJ.
Experndiiury w¥ising lunds
Unre5tr1cted Unre5ts1ctÈd
fLbnds
funds
2024
2023
Trathg costs
SuFwrt tosts
8.370
24.421 THE SHOOSMITH GALLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 MARCH 2024
$uppwt ¢ost$
2024 Swwi<xJsts Gtr4etnan¢
223
SLqft costs
Bank ¢h8Yges
AdtninistratiDll GOÈtÈ
143
143
15.5(K)
15.SX)
7D3
72(Xl
703
Renl
Ph
Sundry
223
40
Z)8
A¢¢truntsn¢y legJ f¢¢$
120
12)
810
810
8250
120
8.370
23.611
810
24.421
AnySe between
TradiNJ
8250
120
8.370
23.611
810
24.421
Net movement kn fuMI8
2024
2023
The net rVement in s slaied after thargirylluathr91.'
Fees payable foi kne irePlt exanmrwkn ofthe (aritys ffiarxial statwEn15
120
810
Trustres
None of th8 tree$ lor 8ffly per50 conrwted rnI r8cw¥8d remulra1 LY bwefits from the Charity
during the year.
ErydDyees
The a4erdge rnontNy rmjmber of eryWee5 durirwj thp year35".
2024
Mnbr
2023
Number
2023
Wages and sal
143
15, THE SHOOSMITH GALLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 MARCH 2024
(Continued)
Ramneration of key rnana9ement praonnel
The retwnetatn of key Thanagement pern Wds a5f01(.
Taxallon
tharily is ex¥tW Iwgm ils aEbvIii bB(ause 1 lot ctwiiabltr p).
1D
TangiNe fixed a55ets
Palntlr
Al 1 Awl 2023
30.(AKI
27.(N)O
At 31 March 2024
57.LY)O
Ca7n9 arntsrt
31 March 2024
57.IY)D
N 31 March 20Z3
30.(KIO
11
credito.. aMounts fallingwIthin one y•ai
2024
2023
Other taxaln and socia15urity
Arcruals and defwed inc(
8.999
1.513
2,rA3
10.512
11.(62
12
Restricted hJnd5
The rt8tiicthd funds o1th8 thèrity rxynpris& tho unèxp8Thded bakne of4ansand grts hdd on tnjai Bubj&Gt io
speofi¢ cor111$ byéMNs as to hty they nw be ud
At1 Awfjl 2023
In¢omlng At 31 March
r5ourcos
2024
27.0Tr)
27.(QO
30.L
Value introde
27.QLN)
57.LK¥J
10- THE SHOOSMITH GALLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 MARCH 2024
12
Re$trictedlunth
(Continued)
year..
At1 Aprll 2022
Incofflln9 At 31 March
2023
Value intred
30,OLK)
30.LKIO
13 Unrestrfcted fuThd5
The Lvyeslricted funds of the charityc(xnwse IheUnexperd1 balaeS ofikinalKins grants which are not subject
to sw¢ifiG by and gantots as bj Tr3y ty3 irKIth designatri funds whith h4V¢
been Set aSe of unrestrithd fuThJ5 by Ihe In1515f S]r
At l 4xI 2023
IncomlN9
Rèsourc•s At 31 March
2024
Genwd fur5
111.0571
11,5tK>
18,3701
17,¥271
Pv)US yewr..
At 1 2022
IncomiThg
Resources
At 31 MarBh
2023
Genwa fuTh45
i10.WI
24.028
124 4211
111.11fj71
14 Awtysls of ass betww fvnds
Total
lunds
2024
2D24
2024
At 31 March 2034:
Tangib assets
Current assets111B1thesI
57.0
57.(KY)
17,¥271
17.9271
17,92TI
57.0(K)
49.OT3
Total
rtds
2023
2023
2023
At 31 March 2033=
Tangib assets
Current ass1111hesI
20.0(KJ
30.(MH)
111.0571
111.0511
30.OCII
18.943 THE SHOOSMITH GALLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Rdat4d pavty transa¢thS
The di5cbsatlc re1¢ patytrwsacbw dum9 the yew {2023- ncrtl.
12- This document was delivered using electronic communications and authenticated in accordance with ihe
registrar's mles relating to electronic fomi, authenticatior and manner of delivery under sectioi) 1072 of
the Companies Act ?006.ment is duÈ wrthin one year or
less. ff mi. they are esle as r-cUrre IAle5. Trad& L¥editof5 lThtieJly aitransauon wce and
sub$u4uenity rneasu ai anse tsjsi uyny trè effe(the iiierest
Dere¢owllAon of Ilnndalllatslllffes
FinanGial liabilthes are derecowised Chartys cor oNwabons expreorare di5tharged or Canld.