GLSTERED COMPANY tYUMBER: 08220691 (Ellgland and WaJe5) REGISTERED CHARITY NUM BER: 1150539 REPORT OF THE TRUSTEES AIYD UDITED FINANCIAL SfATEMENTS FOR THE PEIUOD i ocfoBER 2023 TO 31 MARCH 2025 ONCA TRUST LIMYTED FI CRT Limil¢d Flat 24 Wellingtonia Court L&Tne Close Brighton East Sllssex BNI 6TD ONCA TRUST LIMITED C0Tr4TENIS OF THE FINANCIAL ST ATEMENTS FOR THE PERIOD I OC OB I MARCH 2025 Page Report of the Trustees Independent Examiner'5 Report Statpm¢Dt of Frnancial Aelivities Balance Sheet Notes to the Finaneigl Staternenls 9 to 16 ONCA TRUST LIMtTfi D REPURT OF THE TKUSTEES FOR THI PKRIOD I OCTOBER 2023 TO 31 MARCH 2025 Th¢ tru5t¢es who are also directors of the charity for the puwoges of the Companies Act 2(YJ6. present their report with tho tinanoial. st&t¢ment$ of th¢ chaTlty for the per&od l October 2023 to J J March 2025. The tsustees have adopted the provisions ot Accounting and Rcporting by Charitics: Statcmcnt of Rccojn￿cllacd Practicc app￿¢&ble to chaTities p￿paring their accounts ill accothce with the Finattcial Reporting Standard applicable in the UK a]Ld Republic of Ireland (FRS 102) (eff￿trV¢ l JanLWy 2019). OWECTIVES AND AcfivJTLFS Objeetlves and alms Objectives and activities The obj￿tS of the clwity are.. l. To t7ise awaTeuess of environmental and conservation issues througb the arts. 2. To promote educationai initiatives relating lo art and conservation. 3. To ￿lse funds to supwrt conservation projects. ONCA is a combined arts charity venue with a gallery venu¢ in central Brighton. Since Novcinbcr 2012, our programrne of exhjlyitions al￿ outreach has engaged artis'ts, scientists and the general public in a wide range of actI￿lIes. ONCA'S urban l(Ka¢ion is both & challeng¢ l￿d & gift in of finding iv&ys to reach out to new dIVe￿e audiences. creatillg links with local community action gn)ups, and LtytUTing the irnagit)ations of pass￿ by. people local to the region ¥lld beyond. ONCA'S woi'k bridges social and enviJDnThenlal justice issues with creativty. We PTomote positive ¢hat)ge by £acilitatin(J inclusivc spaccs for crc&tive learning, aitist SLWtK)rL stoiy-sharing and ¢ommunity solidarit>'. ONCA Gallery WOTk8 ¥Vlth artists, educato¥s and organisatfftons to C￿deliVer exhibiiiDll8, events and wottshops that explore social and vironment&l issues. Page I ONCA TRUST LIMJTED REPORT OF THE TRUSTEES FOR ERI D I OCTOBER 2023 TO 31 MARCH 2 OWEcfivES ALYD ACTI￿TIEs Whllt Trve do We raise awarelless of SociaL and Environmcnth] issuc5 tbrough Art Art for Social Change We WO￿ with thists , activist's 8nd commurLity groups to deliver exhibitions and evellts that explor¢ and promote social illrlubioll and Soci￿ change. Arts. Health attd Wellbeing We use art to explore and promote mental. emotional. social and physical hcalth and wellbeing Clitnate and CultUTe We produre and promote creative initiatives arkd cuftural responses to the ¢lim&te etnergency Decolonising Art & Culture We collth)rate with arti8t% of colour and POC-Icd organi5atiOll5 to curate ond support events and iaxh1bitions that challengFe Burocentriim andr￿191￿ within itain¢LreauL arts and cultLITe Endangered & Lost Species We use art to explore stories of extill¢t amd ¢riti¢&lly o]dan8ered species, Cult￿¢8 and ecological con]munitie8. We facilitate spaces for educatiotL& development iElating to art, cuknie alld the envirnfiment. Artist Dev¢Jlopmenl W¢ prnmofr opwrtullities for artists to develop th¢iT ¢re&livo praclices, Te£eiYe profe55ional gUId￿Ce aELd engage in pLw-led n¢tWOfking. Educauon for Sustainabilty We Lollaborate with l•arniMg ownisations and artists to desig¥n and deliver creative activities that womote education for susiainability. Environmental Justice & Activism We woA( with local and global campaiJts ers to prornoie conllnuDity-led action & edlleation for environmental justice. Social Justice & Solidarity We work with ￿)n￿lUnIty OTgallisers alld ca￿Paign group$ tt) pt￿lO[e educaÈion for trdnsfottnative social ¢hange liberation. Public benefit The tn¢&tces have paid du¢ regard to guidance issued by the Charity Commission dcriding ivhat activities the charity should undert*¢. ONCA TRUST LIMITED RKPORT OF THE TRUSTEES FOK THE PERIOD I OCTOBER 2023 TO 31 MARCH 2025 ACHIEVEIWENT AND PERFORWCE Review of octlvltles and plalls for the future During this period, the organisatiLTrn made the difficult decision to close its operations due to severe gaps in fimding. All opcrations cattLC to cnd in DcccJnbcr 2024, with evcnts and programnllng to mark the end of l2 yewg of activity. From January 2025, a small e<)nl'ii)gent of trustees have remained at ONCA in a govemgnce capacity alld will contimue to ￿ma1n in this role tor the titne beirjg. ONCA progrnrnThe of exhibition$ atti1￿tIeS October 2023- Marcli 202$ Throughout the period ONCA hosted: - Weekly Dresscue worksbops fjjnded by Heads On aiid Sussex Conimunity Foundatioll - CuIious Kid3 woIksbops programrve fund¢d by Bi'ightoll and Hove Slwed Prosperty - Panel disc￿SsIO1)S f￿lla¢d by Sussex Community FoundatlOD - Yoar-round clothes swup programEne - NHS Rest Fest ft]nded by N14S Chayities Together - Artist resideJLcy progrJJnme supportillg four diverse Arhsts to n12ke and &xhibit DeMT WO￿ funded by Lankelly Clwe Michacl All￿<10 P¢tron¢ ¢xhibition$ ~ Many additional talks, Ixyjk lauttches and woiksbops by artists. ￿bOlarS and artivists We ajso hostEd these spectfic exhibitiolls and progrtdmn)e elements: - October- November 2023 exhibition - Claud¢ttc Atkinson: Bri￿10￿ Is BurniDg - Novetnber- December2023 Lost Species Day exhiLiition and events programme". Can we Live? - DcB¢]nbci' 2023 group exhibition: He41 - Febtuary 2024 group exhibitioll.. Made With Love - March 2024 &xhibitLOIL- Anna-marie Lamond: Ajoloteria - April 2024 exhibition- Syl Ojalla; A Sparrow Whispered In My Ear - April 2024: Cultural Assembly at De La Warr Pavilion, Bexbill funded by Culture Declares and University of Sussex as Contri￿rtor - May 2024 exhibiLion: Uiva Inei 2nd Bern 0Don0g￿Ue.' Far from Home - Septernber 2024 exhibition- Benjamin Youd: River Story Ocloi)er 2024 exhJ￿11ioll - Nalo Solo- Black ill Real Life - October 2024 ex&ibition. Photo FIinge Biennial Atyita Shah.. Sanko'Fa - November- December 2024 L05t Species Day event5 and WQTk5hops pri)grainrrte and exhibition- Tokini Fubara: Ibi Msnj F%wi FflANCIAL REVIEW Finallcial positioll The cbarity incu]TEd a loss on unrestti¢ted Mnds durillg the period of £(16.452) and this has bccn dcdiicted from the positive reseryes brougkt forward of £3,752 to léave i)egative reserves to be canied forward ot £(12,700}. The chaTity shall b¢ in a posltion to pay its debtsiiiabilities ni the next accounting period ivhen the expected funds froin Muscums G&]I¢Ti¢S Exhli )itions Tax Relief arè rcceiveLi STRUCTUR￿ Go￿RNANcE AND MANAGKMENT Governing doeumellt ONCA Trust Limited is a ¢haritable company limited by guarantee. It was incorporated on 19th Septembei. 2012 and registered as a charily on 21 st Jaiiuary 20I3. 'rhe company was eslablisbed under a Memorandum of Assoeiation. which established thc objcct5 aiid poweis of th charitable company. The ONCA Ga]lery LimitLd iv&g a trading subsidiary tsf the ONCA Twst that w&s dissolved OD 18th (klob¢r 2022. The £IOO investsn¢Dt in thc subsidiary ha3 be¢n written off in tbe accounts to 30th September2023. Fage 3 ONCA TRUST LKMITED REPORT OF THE TRUSTEES FOR THE PERIOD ER 2023 TO 31 MARCH 2025 STRUCTURE. COVERNAI¥CE AND LIIANAGEMENT RecruiÉmeDt and appointment of llew trustees The dire¢lors are elected to serve for & perilxl of tt¥o years, aft¢r which they can. b6 rc-rlcdcd trt the Annual GenèTal Meeting. All menthers of the ONCA Tru* give their time voluntsrily and receive t)0 benefits frolll the charity. Training is provided to new truste#s. NK)ne of th¢ truste¢3 ha¥ any benknficial intzrest in the CollLP￿y. All of the trustees are lllembern of the company and guarnntee to contribute £1 ii) the eveni of a winding up. REFERENCCI AND ADMINISTIL4TIVE DETAILS Registered CompAny nurnber 08220fj91 (Engldlld and Wales) Registcrcd Charity 1150539 Registered office 70 Islillgwold St￿1 Brighton East Sussex BN2 9US Trustees L Coleman Ichair) C Wjistler (resigned 1.7.25) Dr V Dajnodardn (rC3]￿cd 1.7.25) P Turner Chuji J Uchend M Wesibury (resigned 14..7.25) A Rai (appointed 5.7.24) S P Pearl (appointed 14.7.?5) Ind¢pr￿d¥llt Examiner Christopher Robert Tyler fcA DChA FCIE FI CRT Lijnited Flat 24 WellinLrtODia Court Laine Close Brighton Easl Sussex BNI 6TD STATEIVIENf OF TRUSTFES, RESPONSIBILITIES The trustees {wbo aye a150 the directr>rs of Onca Trnst Limited foT th¥ PUTposes of compally law) are responsible for pre]yaring the Report of the Trustses and the financiai ststemojnts in accordance with appli£&ble law and Uniied Kin¥dom Accountimg Standards (Unitcd King.dvm G¢nerally Accepted Accountin Company law rtyuires Éhe trustee8 to prepare tinancial statemellts for ea¢h r]nE￿oi81 yeaT which give a true and f8ir view of the state of affairs of the cbarilable company and of the incoming reSOUT¢es and &pplicllfion of resour￿5, in¢Iuding' the income expenditure, of the charitsble company for lJTrt period. ttt prepari￿g those r]nan¢ial srateDLellts. tbe trustr¢s ar¢ Tequircd to 5¢1eGt suilable accounting poIicies th¢n apply thern CODSi5t£DtIy? obger¥e the n￿thOdS and PTJiiciples in ti)e Charit5r SOIV; ake judgememts and estimates dmt are reasonable &nd ptudent" prepaTe the fiMan¢7al stal¢menls on the Lyoino ¢oneem unless it is IDapproEYiate to presume that the ¢haTiÈable cornpaoy will contillue in buginess. Page 4 ONCA TRUST LIMITED REPORT OF TYL TRUSTEES R THE PERT TOBER 2023 TO 31 MARCH 2025 STATETrIEiYf OF TRUSTEES. RESPONSiBILLTIES- tODtinued The trusÈees are responsible foi. keepit]g' proper ac¢ountit)g recthth whicli dis¢los¢ with Teasonable accut7cy at any tim¥ the fmancial position of th¢ charitable company and to ¢nable Ihern to ensllre that the financial statcmcnt5 co¥nply with the Companies Act 2006. Thgy also ￿SponSible for safeguardillg the agsets of the chatitable company and I￿lCe for taking reasonable steps for th¢ PTovcntion and dctcclion of fraud arld othcr irrcgularitic5. Approved by order of the board of trLTSt¢es on 30th January 2026 and signed on its behalf by: S P PeaTI- Tiuste¢ Page 5 NDEPENDEIYT F.XAMINERIS REPORT TO THE TRUSTFF.S OF ONC.4 TRUST LIMITED Tndependent exatDiRer's report to the trustees ofonca Trllst Limited Cthe Company,) L report to the c1]￿ty tLISlees on my eKaiM ination of the accounts of the Coinpany foy the period l OctobeF 2023 co 31 March 2025. Responsibilities and basis of report As the charity's trllstees of the CoJnpaDy (and also its directors for the pu￿sCS of company law) you ar¢ responsible for th? preparation of the accounts in IiCCOTdan¢e with thè ￿qUireMentS of the Companivs Act 2006 Cthe 2006 Act,). Having Satisfied mygelf that the accounis of the Company are not requ￿ed to be audiied under Part 16 of the 2006 Acc and aTe Lligibltt for independent eXa￿lILatIO[L I report in Tr5peth of rny exivninatioll of your charty's aG¢ounts as carried oiit under SectiQD 145 of the Charities Act 2Ql l fthe 2011 Act,). In ¢anYll￿ out y ?xamination I have followed th¢ DTrections given by the Charity Comn)iSgiDn under Section 145(5) (b) of the ?01 I ACL Independent pxaminer's statemellt I havc ro]npkt (17,455) (14,553) DIET CURRENI ASSETSIILIABILTTIES) (12.700) 12.700 19.134 TOTAL A&SETS LESS CURRENT LIAMILITIES (12,700) (12,700) 19,134 Tr4EI T ASSETS (12,700) (l2,700} FUIYDS Unrestricted ftmds Restricted ftmds 12 (12.700) 3.752 15,382 TOTAL FUNDS 12,700) 19,134 The charitable cojnpany is entitled to exemption fro]n audit under Seciion 477 of the Compani¢s Act 2(K)6 for the ptsriod wded 31 I￿larch 2025. The members bave not YeqiLired tbe compally to obtain an audit of its I'inan¢ial sl'atemenls for the period ended 3 l March 2025 in &CCOTdanc¢ with s￿tion 476 of th¢ Collwic5 Act ?006. The trustees acknowle￿re their responsibilities for (a) ensuring that the Uh[￿]tabje Coinpally keeps accoullung records that comply with Scttiong 386 and 387 of the Companies Act 2006 and PTepTh. f￿[ancial statcmcllts which give J tt'u¢ and fair view of the state of affairs of the chaTitabl¢ company as at the end of each f]naDcial year and of its surpllls or deti¢it for each finwcial year in aceoiulance with the requin*nent$ of SectiQll5 394 and 395 and whicll oÉherwise ¢oJnply with the r¢quir¢ments ol.'thc C(nnpanies Act 2006 relalill4J to flliancial stalements. so far as applithle tts the chatitable company. (b) Thes¢ finaDGial statetnents have been prepared ID accordance with the provisions applicable to chaTltable companies sllbiÈct to ihe small coJnpallies regitlle. Th¢ financial stateTneThts weR approved by the Board of Thjstees and allthorised for issue on 30 January 2026 and were sI￿d orl its behaJ.Fby: S P Pearl - Trustee The notes fonD of these fmamcial statemet)ts Page 8 ONCA TRUST LILWllTED NOTES TO THE FIP4ANCIAL STATEMENTS FOR THE PERJOD I OCTOBER 2023 TO 31 hlARCH 2025 ACCOUNfiDIG POLICIES Basis of preparing tbe finanei41 statements The r]nancial statemenls bave been PTepaTed in accoTdaDce with th¥ ch￿]LY5 M¢morandurn aud Articlc5 of Ag900iation, the Comp￿leS Act 2006 and "Aecountit)g Reporting by ChAriLit%: StalemeDt of RecoM￿ended Practicc applicablc lo Gharitics prcparing their accollnt5 ID a¢Gordwicc with thc Financial Rcporting SttmdaTd appli￿le in the UK and Republi" ol Irel￿d (F4RS 102) (e.[f￿LiVe I January 2019)" The ckwty is a Public Benetit Entity as definèd by FRS 102. The charity has taken adyantage of the provisioDS in the SOIIP for charities applyin,. FRS 102 Upd&te B￿letIll I Mot to LY¢par¢ a Siat¢ment of Cash FIOM'S. Thc fJnauGial statcrncn15 arc prcparcd in stcrling. which 15 the functional currcllry of th¢ chaTity. Monet&ry amounts in these financial Statements aTe rouRdedto the nearest £. The fjnancial staiemenls have been prepared under the historical cost convenuon. The principal ac¢ounting policies adopted are set out below. The financial statements have been prepared on a &poing7 concern basis which &8sumes that the creditors shall not ask for repayjnent unlit the charity is in a position to r4)&y thein. Income Incume is recoLFllised wben the cbarity is legalty entitled to it after any perfosn]ance conditions have be¢n me( the amounts can be measured reliablyj and. it is probable that income will k received. Cash don&lions are recognlsed K)n ttceipt other donations ar¢ recognised once the charity has been notified of the donation. unle&s perfonnance conditions require deterral ot the arnounl. Income recoverable in Tel&lithi to donations received under Gift Aid or dekds of cove1)￿[ is Ircognised ai che tinTr of the donation. Legacies are recognised on receipt or orherwise if the charity has been notified of an in)pending distribuiion. the an)ount is kno￿￿, alld receipt is exyected. If the an]oullt is not knokn'￿ the leg'w is treated as a contingent asset. Expendlture Liabilities are recosnt5ed as expendits￿e as soon a5 there is & legal or construotive obligation committing the chaJity to tbat expenditure. it is probable that a transfer of econo￿1¢ benefits will be required in seiLlement and the amouDt of the obligation can be Jneasured reliabty. Expeslditure is accounted fi)r on an accmals basis and has be¢n ¢las5ifi¢d uTrder headinJu that aL¢yr¢gFate all cost i'elated 10 the catc￿ry. Where costs cannot bc dircctly attributed to particvlaT beadings they have Lw). allo¢ated to a￿1vitieS ot] a b89iS Consistent with the use of iesources. Tangible fixed assets TallgÈble fixed assets are initially measured at cost and subsequently tneasured aL Cost or Yaluation. net of d?PTeciation and ally impairn]ent loss¢s. Depreciation is recogt]ised so to WTtte off the c05t 0]" valuation of asgelg less their residual values over their uscthl Iivc5 on thc following basc3: Plant and equipment 3 years straigbt line Th¢ gain or loss arising on the disposal of an asset is detei]nined as the differettce between the sale pr(Keeds alld lh¢ carrying valuc of thc as5rL and is rccoLFnis¢d in the stalement of financial activiti& Taxation The charity is ¢ODsider¢d I'o pass the tests set out in Paragyraph I Schedule 6 Finance Act 2010 and thcrcforr it meets the definitiob of a charitable conwany for UK ¢orpoNLion tsx P￿rPOses. Accordingly the cbwity is potentially exempt from taxation in rcspcrt of inro]n¢ and gaills received within catcgories ¢overed by Chapfrr 3 Part I I Cotp)ration T&Y Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to Ihe cxtenl that such illco￿e or uain5 appli￿ exclusivety to charitable pwp05es. Page 9 continued... ONCA TRUST LIfviiTED r40TES TO THE FITrJANCJAL STATEMENTS - coutlnlled POR THE PERIOD I OCTOBER 2023 TO 31 MARCH 2025 ACCOUNTING POLICIES- continucd Fund accoullting Unreslrcted fund5 can bG llscd in accordancc with thc charilablc objcctiVC5 at tbc di5crction of the . stees. RestM¢ted funds can only bo used for particular restricted purposes withiii the objects of the Charity. Restiictions arise when specified by the donor or whell fl￿d5 are Taised for PE￿1¢u]￿r r¢8tricted purposes. Further explanation of the nature w)d PUTpose of .fund is inclllded it] the noteg to the finaneial staiements. Flnaneigl h)struments The charity has elected to apply the provi510DS of Section I I 'Basir Financial Tnstru1ntsmts' and Section l? Iother Financial tnstrwnellls Issues, of FRS I02 io all of its fjna7)¢ial iMStruments. Financial instrwneDtS (Ire recognised the chwity's balante sh¢ei wl)en the clwity be