2025-03-31-accounts

Charity number: 1169683 Company number: 10231860 (England and Wales) Matt's Gallery Llmlted Report of the Trusts•s and Unaudlted Flnanclal Statemonts For tlje yèar endèd 31 March 2026

Matvs Gallery Limited Contents Page. For the year ended 31 March 2025 Report of the Trustees 1to8 Indep8ndent Examineff8 Report lo the Trustees Statement of FlnancSal Activiti08 10 Statement of Flnènclal P0811ion 11 Notss to the Financlal Statements 12to21

Matt's Gallery Limlted Report of the Trustses For the year ended 31 March 2025 The Truslees, who are also diredors for the purposes of company law, have pbasure in presenting I￿1r report and the finanGial statements for the charitable company for the year ended 31 March 2025. The Trustees have adopted the provisions of Auxounling and ReportiThJ by Charibes.. StaterrÈnt of Recommended Practice applicab18 to charities preparing their accounts in accordance with the Financial ReForting Standard applicable in the UK and the Republic of Ireland IFRS 102) (effective 1 January 2019).

MATt'S GALLERY LIMITED Report of the Board of Trustees Year to 31° March 2025 OUR AIMS AND OBJECTIVES Pur oses and Aims Our charity's purposes as set out in the objects contained in the company's memorandum of association are to: For the public benefit, to Promote and advance the visual contemporary arts in particular but not exclusively by a) Promoting and exhibiting works of artistic excellence, b) Commissioning the creation of works of artistic meriL and c) Providing gallery and studio space and other facilities for the creation and public display of work Advance education in the visual contemporary arts in particular but not exclusively by a) Providing lectures, seminars, practical courses and publications, b) Providing facilities and resources for artists, art historians. art critics, students and the general public, and c) Cultivating and improving practical and theoretical literacy For the purposes of these objects, "visual contemporary arts" includes but is not limited to sculpture, photography, painting, perforniance, installation, film and video. The charity aims to provide artists with the time, space and support they need in order to take risks and produce their best work. We aim to maintain a vitsl and distinctive collaborative approach to working with artists, acting as an essential thinking space away from the pressures of the commercial environment. W¢ aim to be an open and approachable space for our audiences, providing exhibitions of the highest quality and reaching out to students of the arts. Our aims fully reflect the purposes that the charity was set up to further. Ensurin our work delivers our aims We review our aims. objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees considcr how planned activities will contribute to the aims and objectives they have set.

MA￿'s GALLERY LtMITED Report of the Board of Thistees Year to 31. March 2025 The focus of our work The main objective for the year continued to be the commissioning and exhibition of new work and generating education programmes around those works. The strategies we used to meet these objectives included: Providing access to mentoring, high qual ity exhibition spaces and resources to artists at key points in their careers. Providing residencies and access to studio space for artists. Creating publications. resources and educational materials around our exhibition and residency programmes. Hosting free and accessible introductions, talks and discussions for higher education students and the general public. How our activities deliver ublie benefit Matt's Gallery is committed to creating opportunities for artists to push the boundaries of their practice. Key to this is providing the space, support and resources required for artists at all stages in their careers to create ambitious new works. Matt's Gallery exists to significantly impact and promote visual culture within the UK and internationally.. We present exhibitions of high quality visual contemporary arts in free and accessible spaces. Alongside and during exhibitions the Gallery's Director Robin Klassnik facilitates talks and discussions for visiting Higher and Further Education groups. Matt's Gallery is working towards making its extensive archive accessible to the public. The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ACHIEVEMENTS AND PERFORMANCE Significant activities i) Promoting and advancing the visual contemporary arts Our year began with an ambitious exhibition by Harniinder Judge, developed in partnership with neighbouring gallery The Sunday Painter and supported by the Henry Moore Foundation. The exhibition allowed Judge to reconnect with dorn]ant aspects of his artistic practice through a spectacular opening night perfonnance and develop work at a scale and level of ambition he had not previously been able to. At the end of May we launched the a series of four highly successful events guest-curated by A-__Z, introducing new practices to the gallery and drawing in new diverse audiences. Other live events over the year included a reading and publication launch with Katherine Meynell, poetry and perfornian¢es convened by E Scourti and a book launch by Kirsten Cooke, in partnership with Melanie Jackson's Poor House Reading Room. In October we launched an exhibition by Willie Doherty, who has worked with the gallery since 1990, with support from Culture Ireland and a private philanthropic donor. This was

MATT'S GALLERY LIMITED Report of the Board of Th Year to 315t March 2025 followed by Katie Cuddon's first exhibition at the gallery in January alongside an archival display of Tony White's publishing project Piece of Paper Press. These projects attracted a live audience totalling 5.609 over the year, including 475 students in organised university visits. Matt's Gallery delivered three projects through its online platforni 'MattFlix', attracting around 1,000 viewers over the year. Artists featured included Richard Grayson, Katherine Meynell and Sarah Dobai. 2) Advancing education in the visual eontemporary arts Publishing continued to be a major part of the gallery's educational output. Four editions of the ongoing 'Q' series of artist interviews conduct¢d by our D¢puty Director were published. The gallery's Stanley Picker Train¢eship continued, giving professional development opportunities to young people seeking to build a career in the contemporary visual arts sector. Shireen McCorn]ack completed her traineeship, with Kati¢ Gabra commencing hers. The traineeship continues to focus on providing opportunities to candidates from Black. Asian and ethnically diverse backgrounds, who are underrepresented in the arts. Financial Review Significant events The charity, with the aid of sound financial management and the support of its staff and Trustees, generated a positive financial outcome for the period. Income this year was £371,115, compared to £277,829 in 2023124. The tangible fixed asset value of £522,258 reflects the amount invested in our building, depreciating year by year since in completion in the 2022123 financial year. Note 7 shows costs of charitable activities against 'Advancement o! visual contemporary arts, at £89,247 compared to £40,240 in 2024 as some pre-production against our 2025 proj¢¢t with Mich¢ll¢ Williams Gamaker was undertaken in 2024125. The gallery's rent increased to £13,368 from £1 0,000 per annum. This rent is reviewed every five years in line with inflation. Princi al Fundin Sources The principal funding sources forthe charity are currently by way of grant income from Arts Council England and the Stanley Picker Trust, supplemented by income from organisations working in partnership on commissions. sales of artworks, editions and books, room hires, studio lets, and donations from individuals. Matt's Gallery received £156,207 towards its core revenue costs as an Arts Council England National Portfolio Organisation. A grant from the Stanley Picker Trust (£9,840) was received towards our traineeship programmes, alongside grants from Cockayne Foundation (£20,000), Culture Ireland (£2,448) and Henry Moore Foundation (2 x £5,000). Other income was received by way of grants transferred from Fiona Crisp (£12,200), Michelle Williams Gamaker (£5,400) and Offline, Glasgow (£7,500).

MATT'S GALLERY LIM￿ED Report of the Board of Th￿tee8 Year to 31SI March 2025 Matt's Gallery raised additional income through rental of space hires (£33,250 from studio hire, and £2,311 in other hires), sales of artworks (£66.583), sales of artistic editions (£1,992) and sales of books (£3,926). Fundraisin Statement Fundraising at Matt's Gallery is led by Deputy Director Tim Dixon. The gallery raises funds from individuals, trust and foundations and businesses. No fundraising-related complaints were received in the period. Matt's Gallery has not engaged any external partners or fundraising agencies to carry out fundraising on its behalf during this reporting period. The Gallery has created a fundraising committee to support the Deputy Director. We do not engage in fundraising activities that would place vulnerable people at risk. Investment Poli Asid¢ from retaining a prudent amount in reserves each year most of the charity's funds are to be spent in the short tenn. Reserves Poli The Board of Trustees has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should represent the cost of winding down the business over three months, including overhead expenditure, noticed periods and redundancy pay. On our current operational model, we have calculated this amount to be £66,500. This target is reviewed annually. st Over 2024125 the gallery increased its reserves by £4,451, which at 31 March 2025 stood at £47,451 . Gallery reserves are held in an account with an annual interest rate of 2.5 %. The gallery has committed to setting aside £400 per month in the year 2025126, while also earning approximately £100 per month in interest on the sum currently held. It expects to reach its target by May 2028. Plans for Future Periods With income secured from the Arts Council England until 31 March 2027 the charity's survival is not under threat. The charity plans to continue the activities outlined above in the forthcoming years, subject to satisfactory funding arrangements. Plans are being developed to work on a number of schemes with artists and educational organisations, including the development of the gallery's awhive resource. STRUCTURE GOVERNANCE AND MANAGEMENT Governin Document The organisation is a charitable company limited by guarantee, incorporated on 13 June 2016 and registered as a charity on 14th October 2016. The company was established under a Memorandum of Association which established the objects and powers of the charitablé company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 for each member th

MATT'S GALLERY LIMITED Report of the Board of Thjstees Year to 31. March 2025 Reeruitment and A ointment of Trustees The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles. Under the requirements of the Memorandum and Articles of Association trustees are elected to serve for a period of 3 years after which they must be re-elected at the next Annual General Meeting. All trustees, other than Gallery Director Robin Klassnik, give their time voluntsrily and received no benefits from the charity. Klassnik's salary and any expenses reclaimed from the charity are set out in note 12 to the accounts. At the quarterly trustees meeting on I l March 2025 Ashleigh Barice retired by rotation and was re<lected to serve a second terni, Darryl De Prez's tern] as Chair came to an end and he resigned by rotation at the meeting on I l March 2025. Jes Fernie was nominated Chair, under a new rotating Chair system approved by the Trustees. The Chair will come from the existing board and will remain in post for 2 years. Coline Milliard retired by rotation at the quarterly trustees meeting on 16 September 2025. The board of trustees seeks to ensure that the needs of artists and our local communities are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity regularly reviews its recruitment procedures in dialogue with the Arts Council England. The more traditional business skills and arts expertise are well represented on the Board of Trustees. In an effort to maintain this broad skill mix, members of the Board of Trustees are requested to pr()vide a list of their skills (and update it each year) and in th¢ event of particular skills being lost due to retirements. individuals are approached to offer themselves for election to the Board of Trustees. Trustee Induction and Trainin Most trustees are already familiar with the practical work of the charity having been encouraged to take up the post. Additionally. new trustees are invited and encouraged to attend a Quarterly Board Meeting to familiarise themselves with the charity and the context within which it operates. These are led by the Chair of the board of truste¢s and the Director. New trustees are issued welcome inforniation drawn from Charity Commission publications signposted through the Commissions publication 'The Essential Trustee, and guidance on public benefi¢ including the guidance'public benefit: running a charity (PB2)'. This is distributed along with a copy of the Memorandum and Articles and the latest financial statements and outlines:

MATT'S GALLERY LIMrrED Report of the Board of Th￿treS Year to 315t March 2025 The obligations of Board members. The main documents which set out the operational framework for the charity including the Memorandum and Articles. Resourcing and the current financial position as set out in the latest published accounts. Future plans and objectives. Risk Mana ement The Board of trustees is aware of the main risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimized by the implementation of procedures for authorisation of all transactions and projects. Proc¢dur¢s are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors. The continuing implementation of the procedures ensure a consistent quality of delivery for all operational aspects of the charity. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. anisational Structure Matt's Gallery has a Board of Trustees who meet at least four times per year and are responsible for the strategic direction and policy of the charity. At present the Board has nine members from a variety of professional backgrounds relevant to the work of the charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Gallery Director along with the Deputy Director. The Gallery Director is responsible for ensuring that the charity delivers the services specified and that key perfonnance indicators are met. The Deputy Director has responsibility for the day-to-day operational management of the Gallery, individual supervision of the staff team and also ensuring that the team continue to develop their skills and working practices in line with good practice. Related Parties In so far as it is complimentary to the Charity's objects, the charity is guided by both local and national policy. Res onsibilities of the Board of Trustees Company law requires the Board of Trustees to prepare financial statements each year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Board should follow best practice and: Select suitable accounting policies and then apply them consistently" Make judgements and estimates that are reasonable and prudent. and Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.

MATT'S GALLERY LIMITED Report of the Board of Trustees Year to 31[st ] March 2025

The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The Board of Trustees is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Matt's Gallery Limited

Charity registration number 1169683

Company registration number 10231860

Principal address 6 Charles Clowes Walk London SWl 1 7AN

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Miss Ashleigh Barice Mr Abdullahi Bashe Miss Chloe Carroll Mr Gabriel Coxhead Mr Darryl De Prez (Resigned: 11 March 2025) Ms Jes Femie (Nominated Chair: 11 March 2025) Ms Teresa Grimes Mr Robin Klassnik Mrs Coline Milliard (Resigned: 16 September 2025) Ms Rosie Reed

Independent examiner

Andrew M Wells FMAA T

Counterculture Partnership LLP 23 St Leonards Road Bexhill East Sussex TN40 lHH Oard of Trustees and ed. on its behalf by x /? Approved by ([ ase~le I

Mr Robin Klassnik OBE - Trustee

1 8 DEC 2025

8

Matt's Gallery Limited Independent Examiners Report to the Trustees For the year ended 31 March 2025

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (who are ;;1lso the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

2. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Andrew M Wells FMAA T 19th December 2025

Counterculture Partnership LLP

23 St Leonards Road

Bexhill

East Sussex TN40 1HH

9

Matvs Gallery Limited Statement of Flnanclal Actlvities (includlng Income and Expendlture Account For the year ended 31 March 2025 Unrostrlctgd funds Rmtrfctod funds 2025 2024 Incomo and endowmonts from: Donations and legacies Charitable activities Investments 172,441 128.680 1,606 301n7 68,388 240,829 128,680 1,606 371,115 188,688 88,267 874 Totsl 88,388 277,829 Exp•ndlturn on: Raising fund8 Charil*>le aclivities 147,531) (212,6771 1260,208) 147,$31> (312,216) (3S9,747) 129.855> (286,4611 1316.316) 718 199,539) 199,539) Tcrtal Net Incen￿exPend5turn Re¢M¢lllatlon of fund• Totsl fvThYs brought forward Total fw)d• urrl•d lorwawd 42,519 131.1SI 11.368 (38.487) 178.027 220, 488.302 457,151 704.816 6B8.329 677,697 10

Registered Number :

10231860

Matt's Gallery Limited Statement of Financial Position As at 31 March 2025

	Notes	2025	2024
		£	£
Fixed assets
Tangible assets	14	522,258	577,288
		522,258	577,288
Current assets
Stocks	15	67,132	67,132
Debtors	16	39,791	20,687
Cash at bank and in hand		106,739	79,528
		213,662	167,347
Creditors: amounts falling due within one year	17	(58,223)	(78,306)
Net current assets		155,439	89,041
Total assets less current liabilities		677,697	666,329
Net assets		677,697	666,329
The funds of the charity
Restricted income funds	18	457,151	488,302
Unrestricted income funds	18	220,546	178,027
Total funds		677,697	666,329

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

The trustees. acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance ·with the provisions applicable to companies subject to the small companies' regime.

The fi anclal statements were approved and authorised for issue by the Board and signed on its behalf by:

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t 8 DEC 2025

Mr Robin Klassnik OBE - Trustee

11

Matt's Gallery Limited Notes to the Financial Statements For the year ended 31 March 2025 1. Accounting Poli¢ies Basis of accounting The finanoal ststernents have been p￿Pared Ltnder the historical cost convention. except for investments whith are included at market value and the revaluation of ￿rtain fixed assets and in accordance with the Charities SORP IFRS 102) 'A¢¢ounting and Reporting by Chariljes.. Statement of Recommended Practs"ce applicable to tharrties preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectiV8 1 January 20191,, Financial Reporting Slandard 102 the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021, and the Companres Act 2006. Matt's Gallery Limited meets the definition of a public benefit enbty under FRS 102. As5et5 and liabilities are initially recognised at historical cost or transaction value unles5 Otherwise stated in the relevant accounting policy nolelsl. Golng concem The financial stslements are prepared, on a going concern basis. under the historical cost convention. Funds The charity maintains a general unrèstricted fund which ￿presents funds which are expendable at the discretion of the Irustees in furtheran￿ of Ihe objects of the charity. Such funds may be held in order to finance both working capital and capital investmenl. Designated fund8 comprise of unrestricted funds that have been Set aside by the Trustees for particular purposes. Restricted fvnds have ￿en provided to the charity for particular purpose$, and it is the p)Ilcy of th& board of trustses to ¢arefulty monitor the application of those funds in accordance with the restrictions placed upon them. There i¥ no formal policy of transfer be￿een funds or on the 8llocolion of fund8 to designated funds. other than that described above Incoming re50urce• All incoming resourc88 are inGluded in the statement of financial activitr88 when the Charty is entrtled lo the income and the amount can be quantified with reasonable accuracy. R8souK•8 •xpgnded Liabilities are recognlsed as resourcas expended when th&r6 is a legal or constructive obligation Committlng the Charity to the exFenditur8. Taxatlon As a registered charity, the company is exempt from income and corp)ration 18X to the extent that rts income and gains are applicable to charitable purpos8s only. Tonglble fixed assets Tangible fixed a55ets, other than freehold land, are slated at cost or valuation less depreaation and any provision for impairment. Depreciation is provided at rates calculated lo wrrte off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis.. Land and buildings Plant and machinery 4.5% Straight line 20% Straight line Stocks and work In progress Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost indudes all direct costs and an appropriate proportion of fixed and variable overheads. Irrecoverable VAT Irre¢overable VAT 15 included in the Ststement of Financial Activibes. and is ￿pOrted a5 expenditure. 12

Matvs Gallery Limited Notes to the Financial Statements Continued For the y•ar ended 31 March 2025 2. Income from donations and legacies Unrestricted funds Restrictad funds 2025 2024 Donations re￿Ived 12,184 156,207 4,050 12,184 222.595 6,050 16,494 169,214 2,980 Grants received 66.388 2,000 Subscriptions re￿ived 172,441 68,388 240,829 188,688 Analy818 of grarrts recelvod 2025 2024 Artfund 3.977 156,207 Art8 Council England - NP Cod(ayne Foundation cultu￿ Ireland Fiona Crisp Henry Moore Foundatlon michel￿ IMlliam8 Gamaker Offline 156.207 20,000 2,448 12,200 10,000 3,400 7,500 8,840 Stanley Picker Tru8t 9,030 222,595 189.214 3. Incorne from ¢harllablo actlvlllo• 2025 2024 Unr••trlcted funds Adv8ncem8nl of wsual conlemporary art Sales and commission8 128,880 88.267 Inv08tment Income 2025 2024 Unrostrfctod fund¥ Bank interest receivable 1,606 874 1.606 874 13

Matt's Gallery Llmlted Notes to the Financial Statements Continued For the year onded 31 March 2025 . Expenditure on generatlng donations and legacles 2025 2024 Unrestrlcted funds Donations 3.597 6,157 3.597 6.151 6. Expendltyre on other tradlng actlvltlgs 2025 2024 Unro8trlcted funds Shop costs 43,934 23,698 43.934 23,698 7. Co•ts of charltable actlvltlo• by fund typ Unrn8trlcted funds Rostrlctod fund• 2025 2024 Advancement of visual contomporary art Support Costs 33,648 55,599 89,247 40,240 179,029 43,940 222,969 246,221 212,677 99,539 312,216 286,461 . Cost8 of ch•rltable actlvltleg by actlvlty typg ACti￿tIeS undertakon dlracty Support C￿ts 2025 2024 support co•i• Advancement of visual contemporary art 89,247 222,969 312,216 286,461 14

Matt's Gallery Limfted Notes to the Financial Statsments Continuod For the year ended 31 March 2025 9. Analysis of support'costs 2025 2024 Advancemont of vlsual contemporary art Management IT and website Stationery and tslephone Entartainmenl, travel 157,565 5,133 2,482 169,843 8,854 3,247 1,145 Bank and other chargas Insuran 2,057 4,456 41,862 2,985 1,942 3,540 978 5.183 45.358 5,C69 3,444 3,100 Propety wsts Sundry Irrecovorable VAT Govemance costs 222.969 246,221 10. Net Incom•llo¥pondlturel for tho yaar This is 8tatad after chargingllcredilingl.. 2025 2024 Depreciation of owned fixad a88ets Accountsncy fees PAaff pension conlributlons 55,027 2,5 1,818 55,526 2,500 1,540 15

Ma￿$ Gallery Limited Notes to the Flnancial Statements Contlnued For the year ended 31 March 2025 11. Staff costs and emoluments Total staff costs for the year ended 31 Marth 2025 were.. 2025 2024 Sa18rie8 and wages Social 8ecurity costs Pension oists 97,224 3,340 1,818 99,697 4.580 102,382 105,817 The total employee beneflts Includlng pension contribution8 of tho key management personnel were £48,047 {2024.£40,9731. No employaés r8caived rernuneralion in excess of £60,OC4J In tho year12024'. £nll). 2025 2024 Gall8ry 12. Tru•t•• romunoratlon and rolat•d paty trnnlactlo Tho gallory director, Robin Kla88nik is a truslee. Durir#J the year ho received remunoratlon 01 £27,130. None of thi5 waB for services as a trustee and the charity has sought permi85ion from the Charty Comrni881on to do thh. TTi18te85' expenses r8pr88onts the p8yment or reimburBernent of travel and subsistence c08ts totalling £nil (2024.-£nil). Robin Klassnik, a Iru8te&, has loaned the Charty £15,000 {2024- £15,(X)O). this amount was 8tlll outstandlng at the end of the year. No Inte￿$t has been charged. 18

Matt's Gallery Llmlted Notes to tho Financial Statements Continuod For the year ended 31 March 2025 13. Comparatlve for the Statement of Flnanclal Activities Unrestrlct8d funds Restrlcted funds 2024 Income and ondowments from: Donations and le9acie8 Charitable.acts'vities Investments 166,681 88,267 874 22,007 188,688 88,267 874 Total 255.822 22,007 2TI.829 Expendlture on: Raising funds Charitable activities {29,8551 {203,5191 1233.374) 129.8551 (286.4611 1316,316) (82,942) 182.942) Net Incomolexpendlturo Raconclllatlon of funds Totsl funds brought forward Total fund• carrlod forward 22.448 160.935) (38,487) 155,S79 176,027 549,237 488,302 704,816 666,329 14. Tanglblg flxod assets Land and bulldlngs p￿nt and machlnery Cost or valuatlon Totsl At 01 April 2024 At 31 March 2025 693.822 693,822 8,675 8.676 702,497 702.497 D•pfaclatlon At 01 April 2024 Charge for year At 31 MarGh 2025 Net book valuos 117,036 8,173 125,209 54,528 171,584 502 B.675 55,030 180,239 At 31 MaKh 2025 522,25B 522.258 At 31 March 2024 576,786 502 517,288 15. Stocks and work In progress 2025 2024 Stocks of raw materials 67,132 67,132 67.132 67,132 17

MaWs Gallery Limited Notes to the Flnancial Statements Contlnued For the year ended 31 March 2025 16. Debtows 2025 2024 Amounts due wlthln on• y•ar'. Trade debtors 28,308 11,483 Pr8paym8nts and accrued income Other debtors 14,552 1,067 39,791 20.687 17. Crndltors: amounts falllng duo wlthln on& y8ar 2025 2024 Trade cffjditOTS 14,177 21,629 22,417 42.175 21,475 14,658 Other creditors Accruals and deferred Sncoma 68.223 78.306 18. Mo¥•mwt In funds Unrestrlctod Fund• Balance at 0110412024 Incomlng rosources Outgolng resourcOB Trnn8f•r• Balance at 3110312025 D8sign8t8d Nine Elms Developmont lund Reserve8 113,527 {10,588) 102,939 43.OCI) 4,451 47.451 G8nernl G8neral 21.500 302,727 {249,6201 14,451) 70,156 178.027 302,727 1260,2081 220,546 18

Matt's Gallery Limitad Notes to the Financial Statements Continued For the year ended 31 March 2025 Unrestri¢ted Funds- Prevlous year Balance at 0110412023 Incoming resource5 Outgolng resources Trartsfais Balance at 3110Y2024 Designat8d Nine Elm8 Developmentfund Reserve5 124,112 110,5851 113,527 39,000 4,OlXJ 43,CNJO Gen8rn1 Ganeral 17,5331 255,822 1222,789) {4,000} 21,500 155,579 254B22 {233.3741 178,027 Purpo80 of unrestrlctod FurKI$ Artistic works Fund8 d88ignated by the trustse8 for the creatton of artistic worf(s. Nine Elms Dev&lopment fvnd Funds designated by the trustees for the Nine Elrn8 Development Reserves Fund8 d88ignatsd by the trustees. General The unrestrlcted fund holds the general funds of charity. Rgstrlcted Funds Balanco at 0110412024 Incomlng resources Outgolng rnsources Balance at 3110312026 Artistic Works 14,267 10,776 463,259 59,548 (46.105) (9,4941 (43,9401 27,710 10,122 419,319 Inlern fund Nine Elms Developmant fund 488,302 68,388 (99,$39) 457,151 19

Matt's Gallery Limited Notes to the Financial Statements Contlnued For tho year ended 31 March 2025 Rèstrlctod Funds - Previous year Balance at 0110412023 Incoming rosourc•s Outgolng rn50urc8S Balance at 3110312024 Artistic works 32,504 9.534 507,199 12,977 9,030 131,2141 17,788) 143,9401 14.267 10,776 463,259 Intem furNI Nin8 Elms Development fvnd 549,237 22,007 (82,942) 488.302 Purpo80 of re8trlctgd funds 'Artistic works The prolect fund is for the creation of artlstic works Nlne Elms Development fund Funds donated for the Nine Elms Developmenl Intern fund For funding of intern posts 19. Analy￿9 of not a8set8 b8twaen fundi Tinglbl• Ilx•d ••••t• N•t currnnt N•t A•••ts a•sots 1 Ill•bllltS••) Unre8trlctod fund8 Gen8r&l General 70,156 70,156 Designated Nine Elms Developmenl fund Reserves 102,939 102,939 47,451 47,451 R8strf¢tod funds Artistic works 27,710 10,122 27,710 10,122 419.319 Intem fund Nine Elm5 0evelopm8nt fund 419,319 522,258 155,439 677.697 20

Matt's Gallery Limited Notes to tho Financial Ststements Contlnued For the year ended 31 March 2025 Prevlous year Tanglbl• flxed assets Net curvEnt N•t A￿•ts assets I IllabSlltles) Unrestricted funds General G8neral 502 20,998 21,SCw) Dasign8t8d Nin8 Elms Development fund 113,527 113,527 Reserves 43,OiJ) 43,WO Restrlcted funds Artistic works 14,267 10.776 14,267 10,776 463,259 Intem fund Nine Elms Devalopment fund 463,259 577,288 89,041 666,329 20. Company Ilmlted by guarontO0 Malvs Gallery Limited 18 a company limited by guaranta8 arKI accordingly does not have a Sha￿ capital. 21