2025-03-31-accounts

Charity registratbjn nurnbpr 1147845 lErWJ￿rHI and Wales) Comparby reswstration number 07732864 THE SHOOSMITH GALLERY UMITED ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

THE SHOOSMITH GALLERY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustaos B Har(Md T Fnmnant K* N Gothn DJ Wiyhl ¢harlty numbèr (England IWalg$1 1147845 Company numbor Reglstered office Ro NN4 8AW Independe￿ examlner je￿ & Partners NN2 7AZ

THE SHOOSMITH GALLERY LIMITED CONTENTS Pa98 Tru5tee5' ryrt Indep8ndent exattwnerfs rewrt Slalernenl d I￿8￿￿718t￿￿It Baance Sheet Notes to th8 1kn8n￿aI siaM)8nts 6-12

THE SHOOSMITH GALLERY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Th8 trustees wesenl t1￿r annual atKI Ina[￿￿ I￿lheYear￿ed 31 Matth 2025. firhonuel slolem¢nts hevc b¢en prepared in xoyd￿¢Cl￿lth ￿ •wounbry zet wt M notc 1 to ihe finynciol sialemenLs and comkly with Ihe gO%wn1￿ docthienl. Ihe Con¥)ansAd 2(K)6. FRS 102 The Finar￿181 Rep￿11￿9 Standard ap[Alcab￿ In the UK arKJ Repul￿￿C.f Ir￿. ￿￿1 the ch￿e5 sORP'ACr￿ntlr￿ and Rep(￿ng bYch￿l￿es". StatBment of Rett￿￿￿nded P[art￿e aP1A￿ to thatths plepati￿ their ￿{￿niS in &ttrdanc8 wilh tha Fina￿ Repo￿n9 Sidatd appltaye in Ihe UKaThJ R8wbS¢0l Iwelkl IFRS 102r. Objectrwes and activ￿¢8 Shoosmiu) Gallery is 8 regtsier8d ¢h¥rtyto artisbcwort of Thjrston LahJ8 Shty)smith11865.19331 F￿nY VK)kl Shoosnwth11871-19251 lo ￿1¥a￿e krwy4Aety arvj &ucaton ol their art a$￿￿eted hisl(ry. To also prornote arilherapy Sessio￿ as a creative eXWe5￿0￿ the oftraLma and Ihe emotional wellbein9 of pelv￿. Achievefflents and performanGe In June 2024. the d￿rty hdd its frst exhibitKin of SIKxJsThilh Pa￿tir￿S at Ihe Whit￿th Street ofthe Rayal Walercobur Sooety IRVISI a4a(enl lo the tlKnal Galery ￿ Trafagar Square Thrs was the frst lThe in ovw cnB ￿ndred yèars that painknngs bytr artlsl LAst gr￿Ed tr walLsafa venue. The RWS Itse￿ benefts trom an exception￿lY hi volu￿ ofv$iior¥ and proved 10 b8 an 8ic&i8nt IrKabty)to thar¢e pJDi¢ Meness. Fhxaovw. Ihe exhiDitlon d￿p&YO￿ iwenty ShoDsmith pants￿5 loan8d by the Museurn Ar. INMAGI. Furttierfftrr. rt was w (ypK)rtUnity to promole Oelapre Abbey as an excdlenl I￿ation fOr}￿lI￿s￿st￿￿9 lo atte￿ the St¥x>s￿Yth Gallery. 8ased on num￿$ and inier8stexpwJsed ty 81twth6s. threw oveni T4as an tyJts￿￿iNJ $w)xs. Delapre Abbey 15 pfDWK)tirvJ'wdlHThJ WViLEsaThJ further he1 %ith staff and kY0fe￿Dn￿S to enab￿ art Iher8py sessM)n& Appnwri ns4assessr(nts¥rtJ reotsi¢Nwts be requred ￿ enable six wdl¥n9 sessh)n$ year. W$ h8v8 also he¥ m68brJs wth ex¢em4 $FthSLKsistriryJ tc suwrt objecbve for benefit of e I(￿al cijmmunty Ttr￿ Gallery has continued to ieceyve th￿al￿n501 painbws by TLS atKI FVS wd ￿ed to Dur invenbry kn perrnanenl exhibiW in fulu¢. There have also been bY(rthernrTrsFK￿lth ¥rtiSts SUrfk forethibib.on auctiw. lo raisg funds for kne G¥lgrys (thartsble obi8dt¥es. Glery has inves￿￿ in ￿1)081 dN)U8y t￿r￿slO expand th?avaith spactfor hangi￿ P8ntings. as as8 disp18y tabnèt 10 display SrA4ptures￿￿rnWICts. Thi8 YAI 6)ab￿ ts GalBryto a monthly éxhil1ti￿ oftr88tive wuk by h)cal arb$ls 1hrough0￿ the Y￿1. ￿p1)g 1¢ ￿r￿) rw galw. as wel as raise funds Irom sales cornmÉsion8 for our core Charitable Michael H8rrk%on R8A continuesto ow Pty) ar￿ h¥s be8n imrftsdy WfrJ in raising ts GJl8ry s profile 10 a wider atonal a￿e￿n￿. As Pres￿￿1 ofthe Row ￿X￿elY of Britsh Art￿S IRBAI for next five years. he has enabled the Ilery to ar£ess".oa nehvork of memkrs frNn tris westPWUS arts(￿ty. Thrston Laiclaw Shoosmith11965.19331 was hifflsdfa metnberoftrE RBA, and so di￿LISS￿￿s Oll lo cele￿ale this Cmt)ection wll be he￿. Plans are advanon9 ftr cnllie xcess tOl￿n as a'Fri¥￿ ofstrthsryilh Galkry.'ThB idea emer9ed 8Tler several wqubies former staff ofthe'ShwsTrMlhs & Hwrw)" fKm as in Ktyket Square. NOrth￿pton. We hope lo host soci41 events as wdl a5 seek sponsrrfshy legal firn￿ in NOr￿pton. n r2cwitK)n of a rnember oflheir profes￿On TrAtho wenl on lo be one be51-krKWffl arbsls in Bntain as as a TrErnber oftre Royal s￿ety of Btitish Artists IRBAI. websiie fry he Shoosnith G￿￿ry S￿m￿hgaW.ryg ha5 In earty 2026. wylcKs to the website wll also be able ioioin ￿l￿e as ?.Frw￿ of wnilh G*ry.' Flnan¢lal rwltw The chanty had a sutpkns fr￿]he yEa[of£4.￿l2O24- sutpkjs of £30.130I.

THE SHOOSMITH GALLERY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 $tructurE, goverrbthnce and rnanagernent Charity is wntrolK* by Ils ￿)KerrY￿j (knwrrwt lunit￿l Ixwny. by gu8ranl8e. 85 defined by e CovnpaDvas Act 2006. Trt trusieÈs, wth are 81$0 thÈ dreratys for trt pUr[￿e0f tonwny kn¥. seThedduriro the year up lo thÈ dale of signatuieol the stalernenls were. Mr B Hamid Mr T From￿1 Mr N Goidc DJ Wright P Alpn di￿￿o[S ol chantaNe (￿rnpanY are aso lrnstees the of d￿rity lknughoLrtthis repjrt are colleclwety ieferred to as trustees. The￿ 4 tsuslee5 a53tlhe ￿an￿al yearend The currenttruslee5 ￿laMIlI￿r with Ihe purw)se and Nwrk Cl￿ and the conienlollhp memtwdutn arbt4es of as50ciab( Thp trustees, rEWXtwa5 approved bythe 8oard ofT[ust￿. r B Aamid Trusto? 24 December2025

THE SHOOSMITH GALLERY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SHOOSMrrH GALLERY LIIAITED I r8Wrt to Ihe tr￿lee5￿￿ my exatr4nalKJn vfthe statw[￿LS ￿ ThB G￿￿ry kntrwlal (tr￿ ch￿ty) for the yearendÈd 31 Marth W25. R$spon￿bIllIFy arKI basls of report As Ihe bust888 ofihè Charity land￿$0 its dir8Ctorsf(rfthe wrpxes of cthw8ny lawl. you are resp)￿bla forthe pwparattin of lh8 finarwl stalernthits in accortsrK8 with Ihe wir•rw)ts Of￿ ConwarsAd 2(￿. satBfied trrysoWth firwnrial Ste￿• oftlE Charity tM)i reqwwl to beau(thted undpr Pati 16 ofthe CofflpaniesAcl 2006 and are elyble for KKI￿e￿enleXa￿Nnat￿. reFKKt ￿ resped of rny examinatron of the Charitys financ4al Stat￿ne￿i5 <xned wl u￿derseC1￿ 145 oflhe c￿lIeS 2011. In out my examina￿￿ I hawe fDlowed the DirectKMIS 9wen bythe ch￿ty uThr se¢bon 145(5Xbl ofthe Act 2011. Indèpondènt èmamlnérfs stat•m•nt I have completed rny e￿ination. I confirm that r#l malters haveccThe to rnyartentirffi in ￿ne￿Xin with the exgmination viry me cause lo belBve that ￿ any Thalerial rEW'. accounbry records were notkepl in respeddthe (knty a5￿Ul￿ tyse£thr￿ 3860fthecompan￿sAtI 2CM)6. 8￿￿Tr￿<￿> ith r¢£ds: the fin3nGial statements (k> not CO￿tAY the 0f￿h0n ￿ ofthe C￿mpaniesAcI 2D06 Other th8n any requiierrni that Ststen￿l￿ gve 8 trL and frvtw, which Is Thy. 8 rrotter considered as part oran Indepenijenl exaninab"on, the financial stairyments have noi been prepwed in ao)ydarte ¥Ath the and prir￿1p￿s0[the Stsiemeni of Re¢ommen¢eo Pra￿l¢e Yor a¢¢ounlin9 ano Dy th8rit&s io Chaiiies weparfft9 Ineirflnanc￿I stslfyy￿nts m acCLXda￿e the Fmarrtjal Strrmywd apphcth UK WNI RewYK¢l Ireland IFRS 1021 I have no concems anrt have cOme￿r05$ no Olher rnairs in with the ex3rnirK4tion to ￿tICh attention shodd be (trawn In th15 in ord9rto urKlgr51wdiry financral statomwts to bo rea¢W. Jervis 8 P¥tnwr 30 Hathro￿h Road KingslhD Ntrrthampt¢ NN2 7AZ 24 De(*mber 2025

THE SHOOSMITH GALLERY LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 To1 Unro8tri¢tsd Ro8tri¢tod lund5 funds 2024 2024 Total 2025 2025 2025 Notes In¢omo fw: t)on8t1￿and 14.(KK) 11.500 27,( 38.9)0 Totsl Incomo 14.IXK) 11.50D 38.￿) ExpenthturTr on: Raising fu￿ ch￿rtab￿ tivrfoes 64.015 64.015 8.370 8,370 Totsl expgnthture 64.016 64.016 8.370 8.370 Net incomellexpenditurel and movement n funds 19.3481 14.iNX) 3.130 30.130 Re¢ondllaUon of fvnds.. Fvnd balon¢&s gt l April 2024 17.927 57.0 49.073 111.0571 18.943 Fund balanc85 at 31 March 2025 117275 71.0 53.725 17.9271 57,000 49.073 9tslwr0nii4fina￿al aclwilw knckndes all gaI￿aTrY k)588s r8Wi58d in Ihe ygar. Wl iTr>yne experKllure derive fr(Yn contimiry

THE SHOOSMITH GALLERY LIMITED BALANCE SHEET ASA T31 AIARCH 2025 2025 2024 Flxed Bssel¥ langible assets 10 71.( 57.(KX) Cuvrent assets Cash 81 bar and F) h• 2.585 CredltOVs: amowtsfalllng the wllhin one yFar 11 117.3251 110.5121 Net currenl liabilities 117.2751 17,9271 Totsl a$$8ts l•ss Current Ilab116tss 53.725 49.073 The funds of the Charty Restricted itbcotne fun(ts 12 71.( 117.2751 57.IWO 17,¥271 Unrestricted fur￿$ 13 53.725 49.073 The c￿￿panY is enknued lo the eXen1rtK￿frorn Ihe3LwIit reWiTerwc￿rt3ned n se¢kni 477 oltrE CotrYan￿sACt 20(b. for ihe year end￿ 31 March 2025. Tre direrlots ackno¥%tse their res￿n$t￿lib￿ forccthplw.ry of the CompankAct20D6 rested to ac¢ounbr& r•¢ords end Il prepara￿ ￿ fm8ntsal ¥i￿lents. Tre rnernb￿ have not required the ￿)rn￿Y to Obta￿ an a￿lit of n5 statements torthe Y￿1n q￿stiOn in 8¢(x)rd8ncewth sertM￿ 476. I tr￿Se finarual stalernents have ￿ prepa￿￿ iknlhB apprfKabl8 to C￿￿pa￿leS wbpclto lh8 small cornpanies ￿91ff Ih8 financwl ststerwnts awoved by Iws18es ￿ 24 D8camb8r 2025 Mr B Hamid Trustee Coryany reg￿1[ati￿ll ThJmber07732e64 IEnyLxl atKI Vlalpsl

THE SHOOSMITH GALLERY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A￿OUnt￿9 pol￿195 Charity inlarmBtit The ¢hoosrnth Ga11￿Y lir￿9￿ is a priwale c￿n￿Y Imitd ty guar￿19¥ in EnyorKI W8l&s. Th9 1.1 A¢countlg comtenti Tho finanasl stat8rnonts hth bèsn in a(%￿rdan￿￿IIh Ihè Chariwswing dtthtnènl thè Companièg Act 2(Q6. FRS 10? Tr Fina￿￿1 siar¥Jard apFdable In UK Repthlic of IrdarJ' and IhÈ char￿ SORP-AttouniiDg and ReFtybng by siaietnpnl c4 qe¢(YDWWLled PttKB appItsb￿ io chaDlies prgparing r accounts In accordance with the Fina￿14 Rewrtrg siamkrd a￿rable in tr UK and Repu￿￿ af Iidand IFR5 1021.. The Ch￿ty Put￿￿ Enbty as derrf￿d by FRS 102. The Charty h35 tsken afvantage of Ihe Wuvisi￿ in the SORP Lawknp5 notto k¥pwe a statewEntofcash flov￿. The finanoal st¥le￿nts are twie(I n sWir¥J. ¥thTrch is Ihe tJJff8ncyollh8 Charity. Mwetary 8ml￿nIS in iEsvlinJri¢wl ¥tste[nt￿Is tre rauted tu r￿d[￿&t £. The finan￿tI state￿nts ha'le been urxlÈrthe INsturi(a th$ti￿Ve￿N, Im¢Kkfied to Ind￿è thÈ rÈvaluatK)n of ftpehold propettses ar￿ io ￿¢￿jde ￿¥￿Str￿n1 wpwbes atvj (•18in firw(i aifair Yaluel. ThB priDcipal acco￿nIrg pol￿￿% adopted are set oulbekA¥. 1.2 Goln9 COr￿¢M Al the lime of8pprowry the finarN)81 SI￿7•￿. trt thJees F48ve a re3sMab￿ eXpethb￿ Ch￿ty has a¢equale res￿r¢&$ lo o)nbnu8 in op8rat￿n81 8xistencs lor thg frKeseeb th8 trust8es wnl'n lo aycyt Ihe going con￿r￿ ba￿S Ofar￿u￿ting ￿ preparing Ihefnantial st3ternents 1.3 Charitable lunds Unre5trthd are 3vaLth use at the d￿et￿ ofthe trustees I￿ furtheratKe oftherthaiilaNe obpctives. R•strthid fwds SU￿4￿ io sp￿￿￿cOnL￿1￿Y1S by (S)￿rS of￿1£￿￿ as lo how Ih•y rnay b4 us•d. purpog0S and uses oflts restrKted funds are set¢xn in the westo the fmarKial srnents E￿Owr￿enI fvn¢Ls are ￿t¥￿t to speak &)ndithyE by that Ihe raptsi rnust be M￿nI￿ned by Charity. 1.4 IncDrTre Iwme E recognwd when the Charity is Wly enbw to rt after any wtwnance 0￿dit￿N￿ have tegn mel the nounts ￿ be measured relabty. rt15 t￿Obab￿ lh3lin(xx￿e il beTwEwed. CashdoYati￿s rewi5gd rg(wt. Other¢knakn$ onTr ts Charily ha5 1)een ￿(￿ed oflhe donaton. unless [ert(Th￿rKe (x)rKlthoTrs requre delerTd ollbe a￿U￿l I￿￿￿￿e 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 2025 ACcoUntw￿ pol￿•e$ (Continued) Expenditure Is reKo9nised the￿ LS8 l orcoistfLKts% ot4igabonto trnnsfereC￿orThc benefrt l?a thifd party, Il Is wobable itsi a transfer ofecorwyncbe￿fits Wil be req￿re(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.rt￿ry arjiyity tbrpd I￿n￿￿0￿P In a sinolp. Artmty Arp. allctslod direcllylo that actrvty. $￿e￿ costs 4thch to rno'e Ihan ￿l¥￿y and gjpport Costs which are not atl￿b￿tab￿ Ic 3 gngle ￿thy[W ale bel￿n Ibose activthes on 3 ba5i5 rAin￿ste￿twrf￿ the use of resour￿5. Cents315taff costs are ￿kKale{l m Ihp b￿S oltimp sppnl. ￿￿1 detKeThalim d￿rgE5 are alltrAed ￿ thè portv)n of tho 3s8818 use. 1.5 Tanglbl& fixod a558ts TangIb￿liKed a¢sets ¥e I￿￿"alY rneasLYed at cost arKI subsequentymeasured at &7st orTrrdluation, netof deprtThlion and any imparrnayl k￿se5. Pahiings Tlie Ot Iw arifKJ ifvj diSfth¢il ofail as betywwi saltr PCOLÈVE1s aiiu ￿1 ratryng value olthe asset. arxl is re(¥Wi4￿ in slater￿￿oI￿￿(￿￿ acbvthes. 1.6 Impalmnt olltment is duÈ wrthin one year or less. ff mi. they are ￿es￿le￿ as r￿-cUrre￿ I￿Al￿e5. Trad& L¥editof5 lThtieJly aitransauon wce and sub$u4uenity rneasu￿ ai an￿se￿ tsjsi uyny trè effe(the iiierest Dere¢owllAon of Ilnndalllatslllffes FinanGial liabilthes are derecowised Chartys cor￿￿ oNwabons expreorare di5tharged or Can￿l￿d.

THE SHOOSMITH GALLERY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 ACcoUntw￿ pol￿•e$ (Continued) .8 E￿￿Oyee benefit8 The cJJst of any unused ￿N13Y enlit1￿￿1 ￿ re(xNJn￿ed in the the e￿Y￿SSerVI￿a[e re￿Ived. T￿n￿t￿n I￿nefits are rec￿n￿e￿ inethaielyas an when ts cwty ￿ demwstrJbly ¢ximmthed to lerrninate rfan ernPb￿ provKk lerM￿at￿￿ ber Criti¢al accounbny estirne5 and judynents In the applicabon ofthe Ch3rity's arLountiry Ed￿s. the1￿￿e5 wured to rrwkejudyerTreTrts. estirnate5 and assumpt￿￿$ aboutlhe (xtrying a[￿￿Ofas5ets that Ère rK>l reathly apparent from OlhÈT ￿r￿s. ThB eslThatss 3tNI assOc￿ted assW[ytK￿5a￿ based eXwI8￿ ctherfactor5 that are consthr8d to be rdevant. Aclual resu￿ maydffiÈr from1h￿S￿￿tÈs. The eSt￿￿teS asS￿npl￿S &e ￿M¥ed on an Ongmng b3&s. RevisKJns to acCI￿n￿ng esknmates are rerngnised in the per￿d in ¥hMth the esti￿￿te ￿ rewsed revisKm affecs only that pwi(xl, or in the ppriod Ihe reViS￿n and future petKs where the rem￿On affects botri CUtreritatQ fLrture peri(x1s. kKome from doTrions and legacies TJlal IlnrEstrictEd Restricted funds funds 2024 2024 Total 2025 2025 2025 oona1KJ￿aThtt gils 14.0 11.500 27,trJO 38.S)D During IhÈ fin*cia year, Linbted has re￿￿ed £14.ONJ12024- £27.￿)0). ExpeTrdlture on ralsing funds Unrtstrlcted Unrèstiidod fuThJ8 funds 2025 20Z4 Tradwhg ¢tssts Support Costs 64.Q15 8.370

THE SHOOSMITH GALLERY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 $uppwt ¢ost$ al￿¢•￿ to a¢tsvl 2025 Z024 Staff costs 30,OC 1.OYJ 4.8% 143 Adminisirabon costs Renl Travd and Ph( Sundry Exhibilion Inierast Repaits pps 703 223 14.570 2.881 927 483 570 120 64.015 8.370 Anaty8•d between.. Fundraising 64.015 8.370 Plot mD¥wnent kn 2025 2024 The nel nKNementin knd5 ￿ slated after thargirylltxe(thr¥Jl." Fees paydble foi the Ir￿epaKIent exan1r￿tiOn of the thatitlsffiarKial staternBnts 570 120 Trustsos Pau1aAlen ￿GeNeS rerllunerat￿ as(hrecied bythe bLBrd dlruste25 d£30.(O) pwannuffl. No Other truees rÈceNe r￿ur￿81th or ÈxrÉnses. The werage rnontNy wmbor of duriry lh8 year *85: 2025 N￿nbor Numb•r 2025 Wages and s31aEs 30.( 143

THE SHOOSMITH GALLERY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 Taxallon Thc therity 18 cxeryt frem lexath￿ ￿ lis acbvibe5 811 rts op￿￿dfcr charitable PLxwJe8 10 Tanglbkt flx•d ass•ts Paintiry5 At 1 2024 57.1N)O 14.(Y)O At 31 March 20 71.1 Carryryng aIn￿rt Al 31 March 2025 71.LKIO At 31 March 20?4 57.Q)O 11 Crndltofs.. amtsllnls fallln9thTtthkn c￿• ygar 2025 2024 Other laxalx)n and socK41 ￿Urity Accruals and deferred inrAJtn8 16.755 570 1.513 17.325 10.512 12 R•strlctodlund5 The reskncled fijnds ofthe thatityixMnptiSE the urExwKled b3￿￿501￿(￿31K￿sa[Nl grantshdd on trust subject to specrfic Condit￿￿5 by as to howl they rw be At1 Aprll 2024 Incomlng reSOLir£es At 31 Ma￿h 202S s7.(￿0 14.LN)O Value inirodLKed 14.OLMJ 14.0(M) 71.(A)O 10-

THE SHOOSMITH GALLERY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Re$trictedlunth (Continued) year.. At1 Aprll 2023 Incofflln9 At 31 March 2024 Operyw v8lLOty¢y) Value 1ntrthlL￿Qd 27.0(NJ 27.LKIO 30.(1￿) 27.OLKI 57.LlJO 13 UnresliiEtEd lunds The l￿￿trithed iunds oflh8 ¢Wy¢omwse ilurxFerthJ balar￿01y0Trai￿S gRnts hich are NJI subject lo srEcific condibcjns by doncE and yantors a5 Ic how tw fftay be used. These irdude designated funds which hwe beBn set aS￿e of unrestricted funds by Ihe trus(￿fOr putxises. At I 2124 InGomlThg RÈ50urc expended At 31 March 2925 GÈTh￿ fufKI9 17.ty271 164.0161 1172751 Pr•vb)u$ y•ar'. At1￿￿23 Incoming R•$ourte8 eXP8nd•d At 31 March 2024 Gen￿￿ fuThls 111.0571 11.SM) 18.3701 17.9271 14 Anatysis of netassets beteen funth Total 2025 2025 2025 At 31 M¥wrh 2025= Tangib assets Current assets111A￿1thesI 71.0(M) 71.(J)O 1172151 117.2751 117.2751 71.0( 53.n5

THE SHOOSMITH GALLERY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Anatysits of net assets bet￿efi funds (Continued) Total fund8 2024 2024 2024 At 31 Ma￿h 2024= T￿ng1b￿ a55¢ts Current 8ssets1l1o￿1￿.esI 57.orxj 57.(D) 17.9271 17.9271 17.9271 57.0(KJ 49.073 15 Relètsd yrty tAll8a¢tw)ns There wern rw) d￿¢b$a￿le ￿l918￿ partyu￿$9¢1￿￿ duriiy yw12024- rKThl. 12-

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