REG1$7ERED CHARIYY NUMBER: 11779 Re ort ot the frustees and Audited Financial Statements lor the Year Ended 31 Ma 2025 ARTHOUSE Unlimited Bennewiih 2018 Limiled Istaiutory Avdiiorsl Upper Ground Flogr 18 Farnham Road Guildford Surrev GUI 4XA
ARTrIOUSE Unlimited Contents of the Financial Staiements lor the Year Ended 31 Ma 2025 Page Report of ihe Trnstees Report of the Independent Auditor5 Siaiemetht of Financial Activltles Balance Sheet Cash Flow Stateffltnt Notes to the Cash Flow Staitment io Notes to the Financial Staltments 11 10 21 Detslled Stalernent ol Financlal Actfi¥itles 22 to 23
ARTHOUSE Unllmlted t rt of the Trustees for thé Year Ended JI ma2015 The trustees present their report wrh the financial 5tatement5 of rhe charity for the year ended 31 May 2025. The trusiee5 have adopted the prov1510ns of Accounting and Reporting by Chanties. Siaternent of Recommended Practice applicable to charities preparing their accounts In accofdance with the Financial Reporiing Standard applicable in the UK and Reputslic ol Irelènd IFRS 1021 lelle(tive l January 20191. OBJECTIVES AND AcllviTIES ARTHOUSE Unlimiied continues to champion the artistic talents and skills of adults Iiwng with diVee learnin8 and physical sUPPOrt need5. The chatity exists to support each ind4v¢dual to create. collaborate. and build conlider7ce. pr*de and purpose ihfough an. as well as inieracitng wilh the wider community. with a clea¥ locus on wellbelng. inclusion and di£nitv. The main obJectNe of the thariry Is to prowde a sèfe, 5timulaiing. and inclug¥e enronMent where the artists can develop iheir skills and see their wofk reco8nised in commercial and accessible settings. This creates public benefit bv increasin8 50tsal inclusion and challenginB percepiions ol neufodiverse and physically disabled adults. ACHIEVEMENTS AND PEAFORMANCE The studio In GodJlming remains at the heart of our work. During the year. over 3.61X) Individual se$510n5 were delivered across six day5 a week. with two session5 per day. Three art insiruttors and trained Inclus officers provided high levels ol support. enabling Ihe aribsis to develop iheir creaiive work. created by the long standing instructor lea¢J, emoiional fesilience. and so(i31 engaÉement. The work of the artlSts continues to be fecognlsed nationalfy. wilh collaborations and licensing partnerships Wlth brands Including Boots. rhe V&A. Lush and Hush Puppie5. (kn Six) retailers now sell producis developed wtth the art15ts' work. expandjng leach across Ihe UK and overseas. PfOjKts with partner orÉanisation5, such as Mencap Newbury. enable the charity to extend Its suppon to more indivi¢Jua15 and losier social and crtative enga8emenT. These collaborations retnlorce Ihe Iharily's public benefit by providing meaningful opportunities for each 3rt15t to be seen. heard. and valued In wider Society. Create Rtath Creaii¥e feach coniinues to grow in extiling ways. ARTHOUSE Unlimited 15 curreniiy workin8 wilh Sixreen Sourh and Adam long 19 produce a seven-minute animated film. funded by rhe BFI, led by the CEO/Arr Director alongyde The Instruction Lead. This projert reflects a powerful step In sharing the voice5. ima8inaiion. and presence ol the ariist5 Wlth wider audiences In a new and lasting lorm. AlonRside ihts. each artlsl is bein8 repièsented ihrou8h developmental Iilm recofdinR5 01 their creative work. treaied by rhe lon8-srandin8 instructor lead. These films allow earh IndivKlual to speak dirlIV io ihe public abouf who ihey are and what rhey create. In fyfn. Iht public is Invited to look more r105ety. listen more openty. and consider how 8reater Inclusion can live within theiT own cornmvnities and daily live5. We ¢oniinue to Ivndraise to support placements. working closely with lamilies who experience deep pride and reassurance in seeing rheir rolati¥e reco8nised. visible and celebraied in high-prolile and meanin8ful setEin85. This shared pride Strengthens confidence for the artisr. connettion for the family. and under5tandin8 for the widor world. FINANCIAL REVIEW The linanctal year was challenging due io the economic climate. Income from consumer sales remained steady. while Costs were impacted by sraflinK chan8es. The charily deltrberatefy focused on a smallef. mole dynamic tearn, which proved more cost.olfeciive than previous out50urccd arrangements. Oe5Plte reduced overall donations. we maintained subsidised sessions lor aftisls. ensviing continuily of 5UPPDfl. Li¢ensine income was slightly lower Ihan the piior ye31, relletting ihe absence of emcepiional receipts Irorn Ihe previous period. Cash holdin85 reduced as expenses exceeded income. bul the organisarion tontinues io manage costs efficiently. focu5in8 on charitable purposes. At 31 May 2025. the Charity had É170k of resefves ol which £28k were restricted as per note 20. Pa8e I
ARTHOUSE Unlimited Repo_rt ot the Tfustees 2025 for the Year Ended 31 Ma_ FUTURE PLANS The charify will iontinue to grow parrner5hips with aligned organisations. extending reach and impact across products ond platforms. Strategic licensin8 deals will contribuie to lon8-term sustainability and Increased brand reco8nition. while keeping the artists ceniial lo gi0h. Plans include 51ren8ihenin8 ihe high streei shop volunteer artist programme and introducing a more structured pJthv4ay of achievement and reco6nised ouicomes for art1515 developing recorded crearive ski115. This model is Intended to provide up to iwel¥e supported Indwidual session5 each week. overseen by inclu510n leadership and 5vpporled by traineij volunteers. enabling clearer pfogresslon while maiDiaininK personalised care. Conclusion ARTHOUSE Unlimited remains committed 10 5UPPOrting each art151 to create. co113borate. and thrrve. Through susia4ned engagement with the cornmunity. partnersh¢p5. and creatNe Initiatives. the charity continuos to demonstraie public benefit. social impacl, and long-ierm 5LlStainability. Tribute lo Colin Stoke5 MBE chaif of Trustee5 This year is marked with deep sadness followin8 the pas51ng of Colin Siokes on Thursday 5 February 2026. Colin brought extraordinary insight. 8ener051ty. and wisdom to everythin8 he did. He had a rare ability to cornbine bu51ness acumen with compassion. always Seeing the potenlial in people and the value In ideas. His leadership wa5 sleady. inspirinL and far-reaching. and he dedicated himsell to creating an organisalion ihal could securely oller a space lor eaeh artist io thrive. Colin brought exieptional business (Linty and gener051ty 015pirit. He understood boih the vulnerabilsty of exclusion and tho transformative power ol belongin& dedicatbng himself lo ensurin8 the charity would endure with strenglh and Integrity. H¢5 leadership galvanised people. created stabililv, and laid the loundatiorts thai now hold the or8ani5ation securely. While his Ioss 15 profoundly felt, the charity continues In safe and committed hands. 8uided by a strong team and trustees devoted io sale8uarding Inclu510n. dignity. and opportunity for every artlst. His legacy live5 on In ihe daily Ille ol the studio and ihe conttnued tlrive lor sustainabilily. ollering each art151 Opportunity and inclusion lor a long time io come. STRUCWRE, GOVERNANCE AND MANAGEMENT Go¥erning document The charity is £onirolled by ils governing dUMen1, a deed ol iru51 and constitutes an unincorporated Charilv. Trvsiees remain closely involved in all aspects ol the charity. DurinR the year. Jason McEachrèn Joined the Board ol Trusrees. while Zoe Marsden deparTed. The charity coniinues io have a stron& dedicated team of employees and volunteers. en5urin8 that Se55n$ and creative dcveloprnent for rhe art151S continve successfully. Trustees p¥ovide ovefsight 01 5tiaiegy, safeguarding. Inclusion, and financial rnana8emtni. ensuring the cha¢iEY continues io operate susiainably and in line wilh its objectives. Recruitment of Trustees Is sublt to appropriate vetting piocedures Including Di5£105ure and Barring Service checks. There Is no 5pecifi£ policy regarding the Iraining bul IlilStee5 are guided to read the Governmenl webstte snlormation. There is no specific polity lor settln8 the pay and remuner31ion ol ihe ch3riVs key management personnel except Ihat the trustee5 approve the pav. REFERENCE AND ADMINISTRATIVE OAlL5 Registered Chartty number 11779(K) Page 2
ARTHOVSE Unlimited Re rt of iht Trustees for the Year Endtd 31 Ma 2025 Principal addre55 96 High Street Godalmin8 Surrey GU7 IDW Trnstes Dr Colin Stokes MBf Idecea5ed 5.2_261 Anna C05S Zoe Alice Marsden (resigned 3.1.251 David Charles Jukes Interim Chair ol Trustees lan Stoke5 Ja50n McEJchran lappointed 13.9.241 Audltors Bennewith 2018 Limited Istaiurory Audiior5} Upper Ground Floor 18 Farnham Road Guildlord Suftey GU14XA STATEMENT OF TRUSTEES. RESPONSIBILITIES Thc tru5lce5 are responsible for preparing the Rewrt ol the Trustees and the financial 5tatement5 sn accordance wilh applicable law and United Kingdom Accounting Standards Iuniied Kingdom Generally Accepied Aicounting Practicel. Chariiv law requires ihe trustees io prepare financtal Statements lor each financial year. Under ihat law. the trusiees have elted to prepare rhe Iinancial statements in accordar)ie with United Kin8dom Generally Accepteil Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under tharsty law The irusiees must not approve the financial st3temenis un5ess ihey are saiisfied that they give a true and lair view of the state ol affairs of the chariiy and ol the incoming resources and application ol re50urces. including the Income and expenditure, of ihe charity for that period. In prepafin8 those financi31 sratemtnt5. thc tru5tee5 are required to sele(i suitable accouniing poltcies and then apply them consistèntlv- observe the methods and principles In the Charities SORP. make Judgemerb15 and e5Timare5 Ihat are feasonable and prudent.. State wtrLether Jpplicable accountin8 Standards have been followed. Subject to any material departures disclosed and explained in Ihe linanctal staiemenis; prepare the financial staiemenis on the goin£ concern basis unless it is bnappropriaie to presume that the charity will continue in business. The tru5tee5 are responsible lor keeptng proper accounting records which disclose wsth rea50noble accurary at anv time the financial p051lion ol the charity and to enable thern to ensure ihat the linancial 5talements comply wilh tho Charities Act 2011 and The Charity IAccounis and Reports) ReRulaiions 2()8. They are also responsible lor safeguèfdin8 rhe assets ol ihe chaiity and hence lor iakin8 reasonable sieps lor ihe pievention and detecTion ol Iraud and other Irregularitie5. ved by order of the boaid ol i¥ustee5 on Ls.s.e6. . and signed on lis beh311 by.. David Cha eslu es Tiusiee Page 3
Re rt of ihe Inde ndtni Audiiors to the TruKees of ARTHOUSE Unlirnited Opinlon We have audited the financial statements ol ARTHOUSE Unlimiied Iihe 'charity'l for ihe year ent1ed 31 M3y 2025 which comprise rhe Sraiernent ol Financial Aclivitteg. the Balance Sheet, the Cash Flow Statement and not*5 to the financial 5tatemenis. Including 3 summary ol significant accounting policies. The financial reporting framework that ha5 been applied in iheif preparation Is app14C3ble law and United Kingdom Accounting Standards (United Kingdom Geneially Accepied Accounting Practicel. In our opinion ihe financial siaiemenis-. give a true ènd fair view of the siare ol the charity's affairs a5 at 31 May 2025 and of its Incoming resources and application of resource5. for the yoar then ended.. have been properly prepared in aicordance wilh United Kingdorn Generally Accepted Accounting Practice., and have been prepared in accordance with the fequiremenis of the Charities Act 2011. 8asis lor opinion We conducted our audit In accordance wth Intefnaiional Standatds on Auditing IUKI IISAS IUKII and applicable law. Our re5pon5ibilklies under those standards are further described in the Auditors. re5pon51bilities lor the audit ol the linancial Statements section ol our report. We are independent ol ihe charity in aceordance WiTh the ethical requifemenis thar are relevant io our audii ol the financial statements in the UK. including the FRC'S Ethical Standard. nd we have Ivlfillcd our othef erhical responsibilities in arcordance wilh these requirements. We believe ihat the audit ev¢dence we have obtained Is sufficient Jnd appropriate to prowde a ba515 IOT our opinion. Concluslons relating lo golng toncem In 3uditinB the financial staiemenis. we have coricluded ihat the trusiees. use ol the goin8 concern basis ol accounting in the preparaiion of the financial staiements Is appropriate. Based on the work we have performed. we have not idenlified any material uncertainties relatin8 to evenis or conditions thai. Individualty or collecti¥ely, may casi sienilicanl doubt on the charity's ability to continue as a going contern for a period ol ai leasi iwelve monihs Irom when the linantial siaiemenls are authorised lor issue. Our responsibilirie5 and the responsibilities of the trustees wrth re5pett to 80in8 concern are described In the relevant 5eclions of this report. Other Inforniatlon The trusiees are responsible for the oiher inform31ion. The oiher inlofmaiion comprises the informaiion Included in the Annual Report, other than the financial statements and our Report of the Independent Audiiors ihereon. Our opinion on the financial staiemenls does not cover the other inlormallon and. except to the exteni oihefwise expliciily sialed In our report, we do not express any lofm ol assufance conclusion iheieon. In connection with oui audii of the financial staiements. our responsibilily 15 10 read the other Inlormation and. in doing $0. consider whether the other informaiion Is materially Inconsistent wrth the financial statement5 Of our knowledge obtained in the audit or oiherwise appears to be maierially mssstaied. If we identify such material inconsistencies or appareni matefial missiatemenls. we are required to deiefmine wheihev this gives rise to maiefial misstatemeni in ihe financial staiemenis ihernselves. 11. based on the work we have performed. we conclude thèt there 15 a material misstatement of this other Inlormation. we are required to repon that fad. We have nothing to report in this reeard. Matters on whkh we are requlred to report by emteptlot) We have nothing to report in respect of ihe following matters where rhe Charities IAccovnrs and Reports) Regulations 21x18 require5 VS to report ro you if. In our opinion.. the Information given In the Report of the Trustees is inconsistent in any maierial respect wrth the financial statement5', or sullicient accouniin8 records have noi been kept.. or the financial staiemenis are not in a8feemeni with the accouniin& records and feiurns- or we have not receNed all the infofmation and explanations we require lof Our audit. Page 4
rt of the Inde ndeni Audiiors to the TTUStee5 of ARTHOUSE Unlimited Responslbilities of trusiees A5 explained more fully In the Statement ol Trusiees. Responsibilities. the trustees are responsible for ihe pieparation ol the financial statements which give a twe and faif view. and for such internal conirol a5 the fru51ees determine is necessary to enable the preparation of fsnancial Statements that are free from Material rnisstatement, whether due to fraud or error. In preparing ihe financial siaiemenis, the trusiee5 are ¥esponsible lor assessinB ihe charitV'5 abiliry io continue as going concern, disclosin& as applicable. matters related to 8oin8 concern and u51ng the 80in8 concern bas¢s of accountin8 unless the trustees either irbtend to liquidate the chanty or io cease operations. or havo no realistic aliernative bul to do so. Our responsibilities for the audii of the financial statements We havo been appoinred as auditor5 under Section 144 01 the Chaflties Act 2011 and reporr in accordance wih the Act and relevant regulations made or havjng effect thereunder. Our objecttves are to obiain reasonable assurante abotjt whether the financTal siaiements as a whole are Iree ffom material misstaremenr, whether due to Iraud or error. and io iswe a Repon ol rhe Independent Auditors that includes Ouf opinion. Reasonable assurance 15 a high level of assuranie. but 15 not a guaraniee that an audit conducied in accordance with ISAS IUKI w¥ll always detett a material mi5Staternent when li ex1515. M155tatement5 can arise from Iraud or error and 3re considered maierial il. Individually or In the aggiegate. they could reasonably be expected to inlluence the economic decisions ol users taken on the basis ol these linancial siaiemenis. Tho extent to which our procedures are capable of detectithg Irregularities, Including fraud Is detailed below= We obtained an understandin8 ol the legal and regulatory frameworks that are applicable to the entity and deiermined the fflosi slgnilicant are those thai relate to Charities SORP IFRS 1021. pension laws and regulations and tax fegulations. We assessed rhe r15k5 01 rnatenal m15Statemeni in respecr of fraud a5 follow5.' Enquiries made ol m3naKernent and those charged with governance as well as the servile relation io payroll setvices Analylical procedures were used to tdeniify il there were any unusual or unexpected relaiionships Discussions with management TO ideniify any fraud fisk lauors of related party relaiionships and trangaciions organisation in Based on the results of our risk a55e55ment we deSned our audit procedures io identify norb-complianie vdith such law5 and re8ulations identified above. Enouiries were made ol management aftd Those charged with governènce. We coifoborated our enqulnes ihrou8h the review of Board minutes ar7d other papers provided. There was no contradictory ev7dence. We considered the risk ol fraud thiough management override and. ift response. we incorporated testing ol manual journal entries Inlo our audTrl approach. We tesied year end journals as well as Jovcnal entries ihroughout the year. There were no Tfansaciions Identified ouiside the normal course ol bu51nes5. 8a5ed on the results of our risk a55es5ment we designed our audir procedures to identify and to address material m15Statements In relaiion io Ir3u¢J. We InlO¥POTated an elemenl ol unpredictability in the sele(tion ol the noture. lim*ng. and extenl ol audit procedures. Where tran5aition meering nsk criteria were Identified. we carried our further work such as additional iesting to source Informoiion. In accordance with ISAS IUKI. we exercised prolessional judKmenl and maintained prolessional sceptEC4sm throughout the audit. A further de5CnPtion of our respOnbIllI1es for the audit of the financial statemen15 Is located on the Ftnancial Reporting Council'5 website al ws¥w.Irc.or8.uk/auditOfSfespon5ibililies. This description lorrns part of our Repori ol Ihe Independent Auditors. Page 5
rt of ihe Inde ndeni Awditors to the Trustees ol ARTHOUSÉ Unlimil Use of our report This report is made solely 10 the charily's trustees, as a body, in accordance wilh Pan 4 of the Chariiies (Accounis and Report51 Regularion5 2008. Our audil work has been undertaken so that we rniKht state to the chafity's trustees those mottcrs we are fequired io stale to ihem in an auditors. report and for no other purpose. To ihe fullest exteni permitted by 13w, we do not accepi or assume responsibility to anyone oiher rhan Ihe charily and ihe charity's Iru5tees as a body, lor our audit Wofk. fof ihi5 report. or lor the opinions we have formed. 8ennewith 2018 Limited Istatutory Audiiorsl Up¥ Ground Floof 18 Farnham Road Guildford SuTrev GU14XA Date.. Pa8e 6
ARTHOLISE Unllmited Stalement of Finala1 Artit$ for the Year Ended 31 May_2025 31.5.25 Total funds 31.5.24 Total funds as restated Unrestnaed funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Oonations 3nd legacies 40.411 40.411 123,566 Charitable artl¥ltles Shop sales Commission5 Online retail sales Trade 5ale5 Art 5e5sions Corporale gilt sales Original sales 42,978 32.226 161.064 822.707 69.862 24.758 21,702 42,978 32.226 161.064 822.707 69.862 24.7S8 21.702 43.458 162.671 124.931 822.890 97,255 31,611 24.330 Investment income Other income 1.725 1.725 2.472 200 Total 1.218.933 1.218.933 1.433.384 EXPENDITURE ON Raising funds 8.074 8.074 18,939 Charitable actl¥tli*s Goods Purchased for ResJle Miscellaneous Purchases Packaging and Carri3ge MarketinR and PA Courioi Fees Package and Carnage- Trade Sales Art15t Materials FundraisinB expense5 Trade show costs Commi$5ion on Sales 565.454 565.454 S76.952 7,990 9,05S 52,603 3,949 49.998 1.669 62.804 59.711 62,804 59.711 9.055 776 14.568 3.645 9.055 776 14.568 3,645 20,853 Other 665.¢1 665.LX)4 613.846 Total 1.389,C81 1.389.091 1,355.854 NET INCOMEIIEXPÉNDITUREI 1170.1581 1170.1581 77.530 RECONCILIATION OF FUNDS Total funds brought forward 311.836 28.395 340.231 262.701 TOTAL FUNDS CARRIED FORWARD 141.678 28.395 170,073 340,231 The notes form part of these financial staiemenls PaKe 7
ARTHOUSE Unlimited Balanre Sheet 31 May 2025 31.5.25 Total lunds 31.5.24 Total fund5 as re51ated Unresiricred funds Re5rrscted funds Notes FIXED ASSETS Tan8ible asseis 15 10.394 10.394 15.166 CURRENT ASSETS Stocks Debtors.. amounts lallin8 due wiihin one year Cash at bank IG 17 105.389 79.646 89.084 105,189 79,646 117.479 113.463 171.2CQ 231,405 28.395 274.119 28,395 302,SI4 516.068 CREDITORS Amounts fallin8 due within one year 18 1116,6081 1116.6081 1153,7761 NETCURRENT ASSETS 157.511 28.395 185.906 362.292 TOTAL ASSETS LESS CURRENT LIABIUFIES 167.905 28.395 196.3 377.458 CREOITORS Amounts lalling due after more than one year 19 126.2271 126.2271 137.2271 NET ASSETS 141.678 28.395 170.07J 340.231 FUNDS Unro51ricied funds 8estricted lund5 20 141,678 28.395 311.836 28.395 TOTAL FUNOS 170,073 340.231 The financial statements were approved by the Board of Trustees and authoiised lor issue . and were $18ned on It5 behalf by.. on David Charl Trustee The notes form part ol these finanoal siatements Page 8
ARTHOUSE Unlimited Cash Flow Statement for the Year Ended 31 Ma 202 31.5.25 31.5.24 as restated Notes Cash flows Irom opratin8 actfvltl*s Cash 8eneraied Irom operaiions 1111.4681 117,6551 Net cash used irt operating actwitie5 1111,4681 117.6555 Cash IIow5 from inve5tin8 act•tIeS Purchase of tangible fixed assets Sale ol tan8ible fixed assets 13.9581 13.7971 2CK) Net cash used in investin8 activities 12.4581 13,5971 Changt In cash and tash equl¥alents in the reporting period Cash and ta5h equlvalents at the beglnnln8 of ihe reportin8 period 1113,9261 121.2S21 231.405 252.657 Cash and cash equ5¥alents at the end of the ieporting period 117.479 231.405 The note5 form part of these flnancial siatements Page 9
ARTHOUSE Unlimit Note5 to the Cash Flow state111t for the Year Ended 31 May 2025 RECONCILIATION OF P4ET IEXPENDIWREII5NCOME TO NET CASH FLOW FROM OPERATING ACnVfflES 31.5.25 31.5.24 as restated Net lexpenditurelllncome for ihe reportln8 perlod las per the Statement of FInala1 Artiviiiesl Adjustments for.. Oepreciation charge5 Profit on IJ15POS310l fixed as5et5 Decrease In siocks Decreasollincreasel in debtors Oecrea5e in Cfeditors 1170.158 77.530 8.730 11.5thJl 8.074 91.554 148.1681 5.805 120)) 19.027 156.1441 163.6731 Net cash used In operations 1111,4681 117.6SSI ANALYSIS OF CHANGES IN NET FUNDS Al 1.6.24 Cash flow Ai 31.5.25 Net cash Cash at bank 231.405 1113.9261 117.479 231.409 1113.9261 117.479 Total 231.405 1113.9261 117.479 The note5 form part ot these financial 5tatemertts Page 10
ARTHOUSE Unlimited Notts to the Flnanclal Stètements for the Year Ended 31 Ma 2025 ACCOUNTING POUCIES 8asis of prepartng the rtnancial statements The linancial statements ol the charity. which is a public benelit entity under FRS 102. have been prepared in a£cordance with The Chafilies SORP IFRS 1021 'Atcouniing and Reporting by Chariiies". Staièment ol Recommended Pracrtce applicable io chaTlt¢es preparin8 iheir accounis in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191., Financial Reporting Stanijard 102'The Financial Reportine Standaid applicable in the UK and Republic of Ireland. and the Charilies Act 2011. The financial statements have been prepared under the historical cost conveniion. Income All rncome is recognised In the Statement of Financial Activities once the charity ha5 eniitlemenr to the funds. it 15 probable that ihe Income will be received and the amount can be measured reliablv. Legaciè5 are accounted lor when received. The incorne from charitable atti¥itie5 15 the amount derived from the provision of good5lseMces. and stated after irade discount5, Other sales taxes and net ol VAT. Expendlture Liabililies ère reco8nisèd as expèndilure as soon as ihefe 15 a leRèl or consiructiye obligation commifiing the harity to that expenditure. It Is probable ihat a transfef of economic benefits will be roquired In sertlement and the amouni of the oblieation can be measured reliably. Expenditure Is accounted for on an accruals bosis and h35 been classil¢ed under headings ihat aggreeaie all cost ie131ed to the category. Where costs cannot be directly 3tlribuled to particular headings rhey have been allocated io a£tivittes on a basis consistent th the se of fesources. Tangible fixed assets Oepreciation 15 provided at Ihe lollowing annual rates in order to wrjle off each asset over its estimated uselul Office Equipment.. 20%- 33.33% strai8hi line Furniture and Fixlufes." 20%- 33.33% straight line The above asseis are initially measured at t05t and subsequenily ai ¢0ss less any ac¢umulaied depreciaiion. Stotks Stock con51Sts of Bood lor resale. Stocks are valued at the lower of cost and net realisable value. Taxatlon The charity is exempi Irom tax on its charitable activilie5. Fund accounting Ltnreslflcted luniJ5 can be used in accordante with the charitèble obiectives at the distwetion of the trustees. Restricted funds can only be used for particular resiflcted purposes within the objoits ol Ihe charity. Restrictions arise whcn specified by the dono¥ or when funds are raised for pan(cular rest¥icted purp05e5. Further explanation of the nature and purpose of each lund Is included in the notes to Ihe linanciol Slalements. Penslon costs and other p05t-retirement beneffts Tho chiirity opefaie5 li delined contributior¢ pension scheme. Contributions payable to ihe charity's pension scheme ale charged to the Starement ol Financial Acttvities in the perlod ro which they relate. Page 11 continued...
ARTHOUSE Unlimlted Notes to the Flnanclal Statements. contlnutd tor the Year Ended 31 May_2025 ACCOUNTING POLICIES. contlnued Debtors Grant5 reteivable and oiher debiors ale included at the settlement amount due. Prepaymenis are valued al the amount prepaid. Creditors arbd provisions Creditors ttnd provisions are recognised where the chariry has a present oblieaiion an5ing from a past event that will probably result In the transfer of funds lo a third part¥ and Ihe amount due Io 5eitle ihe obligation can be measured or esiimated feliably. Credilofs are recognised ai their seiilemenl amouni. Pfovisions have been calculaiéd ai the besi estimate ol iho seillomeni amouni and ihen diKounied back to plesent value ai the reporring ilate. Golng (oncern Ai ihe tirne ol approving ihe Iinancial 51atemenis, the Trusiees have a reasonable expecialion that the charitv has adoquaie fesources io coniinue In operat*onal existence for the foreseeable luivre li.e. there are no material uncertainiies about the charily's abiltry to cofittnuel. Thus. the Trustee5 continue to odopt rhe going concern basi5 of accouniin8 in prepann8 the financial Statements. DONATIONS AND LEGACIES 31.5.25 31.5.24 as restaicd 37.615 2.796 71.508 Donation5 Gift aid Granis 52,058 40.411 123.566 Granis received. included in the above, are as follows.. 31.5.25 31.5.24 a5 restated 22.058 20.(KIJ io,(K ReachinR Comm Garfiold Wcsion Ch51dwick Trust 52.058 Page 12 Continued.
ARTHOUSE Unlimited Notes to the Flnand31 Statements- tontlnued for the Year Ended 31 Ma 2025 INVESTMENT INCOME 31.5.25 31.5.24 as restated Investment income 1.725 2.472 INCOME FROM CHARITA8LE AcfiviTIES 31.5.25 31.5.24 as rèstated Activity Shop sales Comm15510ns Online retail 5ale5 Trade sales An sessions Corporate gift sales Original sales ChaTST)ble Activities Charitable Activities Char¢table Activities Charitable Activities Charitable Acijvits Charitable Activifies Charitable Actwities 42,978 32,226 161,064 822.707 69.862 24.758 21.702 43.458 162,671 124,931 822.890 97,255 31,611 24,330 1.175.297 1.307,146 RAISING FVNDS RaInI donatlons and lelacles 31.5.25 31.5.24 as resiaied Support costs Other trading aclivilies 31.5.25 31.5.24 a5 restated Opening siock C105ing 5toik support costs 113.463 1105.3891 132,490 1113,4631 12681 8.074 18.759 Aggregate amount5 8.074 18.939 Page 13 continued...
ARTH USE Unlimited Notes to the Flnanclal Statements- contlnued for the Year Ended_31 MaL2025 CHARITABLE ACTWMES COSTS Direct Costs Goods Pufchased for Resale Packaging and (arriage Marketing and PR Artist Maieria15 Fundrai51nB expenses Trade show costs Comm¢ssion on Sales 565.454 62.804 59.711 9.055 776 14,$68 3.645 716.013 SUPPORT COSTS Governance cosis Other Totals oihei resources expended 156.694 11,sc 168.194 Other resources expended Jre administrative expenses. AUDtTORS' REMUNEIiATION 31.5.25 31.5.24 as ¥es¢aied Fees payable to the chaiily's auditors lor the audit of the charity's financial staiements AudiEofs' femuneratson lor non audil work 4.4 TRUSTEES. REMUNERATION ANO BENEFITS There were no trusiees. remuneration or oihef benefits IOT the year ended 31 May 2025 noi for the year endeij 31 May 2024. Tru5tees' expenses There weie no tfusiee5' expenses paid lof the year ended 31 May 2025 nor for the year ended 31 May 2024. Page 14 continued...
ARTHOUSE Unlimited Notes to the Flnanoal Statements. corttinued for ihe Year Endt_d 31 May.2025 io. STAFF COST5 2025 2024 Wages and salaries Social security Pension costs Other staff costs 417,817 31,091 20,284 14.827 382,811 33.497 20,632 8.290 Total 484.019 445.230 The average monthly number of employees dunng the year was as lollows.. 2025 17 2024 16 Siall The nurnber of employee5 wh05t employee beneflts lexcludbn8 employer pension costs) exceeded E60.(KKI was= 2025 2024 E70.(KX). £80.LKM) ii. COMPARATIVES FOA THE STATEMENY OF FINANCIAL AcllviTlfS Unreslricted funds Restricted lunds Total lunds as restated INCOME AND ENDOWMENTS FROM Donation5 and legacies 81.%)8 42.058 123.566 Charitable artr¥ff¢ies Shop sales Comm1551011S Online retail sales Trade sales Ari sessions Corpoiaie gift 5ale5 Original sales 43,458 162.671 124,931 822.8 97,255 31,611 24,330 43.458 162.671 124.931 822.890 97,255 31,611 24.330 Invesiment Income Other Income 2.472 2CQ 2,472 21x1 Totsl 1.391.326 42,058 1,433.384 EXPENDITURE ON Ra151ng funds 18.939 18.939 Charitable activities Goods Purchased lor Aesale Msscellaneous Purchasès Packa8ing and Carriage Marketing and PR Courier Fees Package and Carriage- Trade Sales 576.952 7.990 9,055 S2,603 3,949 49.998 576.952 7.990 9,055 52.603 3.949 49.998 Pa8e IS continued.
ARTHOUSE UnlTrrnited Notes to the Flftandal Statements- continued lor the Year Ended 31 ma2025 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unresiricred funds Restricted lunds Total funds a5 restated Artist Maierials Trade show costs 1.669 20.853 1,669 20,853 Other 584.973 28.873 613.846 Total 1.326.981 28.873 1.355.854 NET INCOME 64.345 13.185 77.530 RECONCILIATION OF FUNDS Total funds brought forward 247.491 15.210 262.701 TOTAL FUNDS CARRIED FORWARD 311.836 28.395 340.231 12. PRIOR YEAR ADJUSTMENT A pr10r year adjusimeni was pui through to defer part ol a commissions income based on the lengih ol ihe agreemeni. Thi5 decreased commissions income by £1.510 and increased deferred Income by the 53me amount lor the vear ended 31 May 2024. For the year ended 31 May 2025. £1.250 delerred income was reversed to TecgKnise the commission tntome lor ihe year, decreasinR ihe said deferred incomÈ 10 £260. 13. KEY MANAGEMEP The total amount of employee beftelils. being salary, social securily. penston and benelits, received by its Kev ManaRement personnel was £84.11312024.. £82.3311. 14. FUTURE COMMtrMENTS Ai 31 May 2025, Ihe Chaiity had annual commiimenis ynder operaiing leases a5 follows.. 96 High Stfeei Vehicle Unli 2 An8el Coun Total 2025 Total 2024 Within one ye3r Within 1-5 year5 35.IXX) 56.575 13.[ 21.049 51.684 81.308 51.637 167,581 3.684 Toial 91.575 7.368 34.oa9 132.992 219.218 The lease payments reco6ni5ed as an expense were £51.26712024.. £54.7601. Page 16 conlinued...
ARTHOU5E Unllmhed Noies to the flnanclal Statements- continued for the Year Ended 31 Ma 15. TANG18LE FIXEO ASSEf5 Furniture and Fixtuies Office Equipment Totals COST At I lune 2024 Additions 39.332 3.958 8.457 47.789 3.958 At 31 May 2025 43.2 8.457 51.747 DEPRÉCIATION At l June 2024 Charge For year 25.093 7.988 7.530 742 32.623 8.730 At 31 May 2025 33.081 8.272 41.353 NET 800KVALUE At 31 May 2025 10.2tr3 185 10.394 At 31 May 2024 14.239 927 15.166 16. STOCKS 31.5.25 31.5.24 as resiaied Goods held for resale 105.389 113.463 17. DEBTORS: AMOUNTS FAILING DUE WIThIN ONE YEAR 31.5.25 31.5.24 as resraied Tfade debtors VAT Prepaymenis and accrued income 65.920 149.643 7.592 13,965 13.726 79.646 171.2C(I The provision lor doubiful debis was reduced Irom £801 10 £322 10 write off ihe Irrecoverable debts 01 1479. o such chan6es lor tho year ended 31 MJV 2024. Page 17 continued...
ARTHOUSE Unlimited Noles to the Flnancial Statements- conlinued for the Year Ended 31 MaJ_2025 18. CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 31.5.25 31.5.24 as restated Trade trediiors Social security and orher taxes VAT Other creditors Accruals and deleffe(I Income 71.764 6.577 10.474 122.959 4.473 3.963 22,381 27.793 116.608 153,776 £18.59312024.. £1.5101 comm155ions income was delerred in line with the agreements. £1.250 of the deferred income in the pre¥ious year was now recognbsed. 19. CREDITORS.. AMOUNTS FALUNG DUE AFtER MORE THAN ONE YEAR 31.5.25 31.5.24 a5 testated Other crediiors 26.227 37.227 Thc amount Is an unsecured. interest-free loan with no repayment term5 ffom The Mealh Epilepsy Chanty. The charily is currently in negoiiaiion with Ihe creditor ieRarding the oulStandinR balance considering that the previous insialmethi was made in April 2025. 20. MOVEMENT IN FUNDS Net movement in funds At 1.6.24 31.5.2S Unrestrirt¢d funds General lund 311.836 1170.1581 141.678 Restrirted funds Philip King CharirableTrus1 Garfield Weston 8.395 20.( 8.395 20,C(L) 28.395 28,395 TOTAL FUNDS 340,231 1170.1581 170.073 Nel movemenl in funds. Included in the abo¥e are as lollow5- Incomin8 resources Resources expended Movement in funds Unrestriited funds General fund 1.218.933 11.389.091) 1170,1581 TOTAL FUNDS 1.218.933 11.389.091> 1170.1581 Page 18 conllnued...
ARTHOUSE Unllmlt Notes to the Financial Statements- continued for the Year Ended 31 Max2025 20. MOVEMENT IN FUNDS. conilnu¢d Comparatives lor mo¥ement in funds Net movement in fund5 At 31.5.24 At 1.6.23 Unrestrlrted lund5 General lund 247.491 64.345 311.836 R¢slrirted funds Wates foundation Philip King CharitableTrust Garfield Weston 2.710 12.S(Kl 12.7101 14.1051 20,CthI 8.395 20.oc 15.210 13.185 28,395 TOTAL FUNDS 262.701 77.530 340.231 Comparat¢ve nei movement In funds. included In ihe above are a5 follows.. Incoming resources Resources expended Movement in funds Unrèstricted funds General lund 1.391.326 11.326.981) 64.345 Restrlrted funds Wates Ioundaiion Philip King CharirableTrust Reaching Community Garfield Weston 12.7101 14. 1051 122.0585 12.7101 14.1051 22.058 20,( 20.LK 42.058 128.8731 13.185 TOTAL FUNDS 1.433.384 11.355.8541 77.530 Page 19 continued...
AATHOUSE Vnlimlted Notes to the Financial Staiements- Continued for the Year Ended 31 ma20?5 20. MOVEMENT IN FUNDS- continued A current year 12 months and Pllof year 12 months combined position Is as lollows.. Nei movernent In fund5 Ai 31.5.25 At 1.6.23 UnTestrlcted tunds General fund 247.491 1105.8131 141,678 Restrirted funds Wates foundation Philip King CharitableTrusl Garfield Wesion 2.710 12, 12.7101 14.1051 20.C(4) 8,395 20,) 15.230 13.185 28.395 170.073 TOTAL FUNOS 262.701 192,6281 A current year 12 monihs and prsof year 12 rnonihs cornbir net movement In lunds. included the above afe as follows". Incoming resources Resources expended Movement in lurtds Unrestrirted funds General fund 2.610.259 12.716.072) 1105,8131 Restrbtted funds Wates foundation Philip King CharitableTru5t Reachin8 Commun11y Garfield Wesion 12.7101 14.1051 122.0581 12.7101 14,lOSI 22,058 20. 20.LWJ 42.058 128.8731 13.185 TOTAL FUNDS 2.652.317 12,744.9451 192.6281 21. RELAYED PARTY DISCIOSUAES £3,((Q worth ol artwork wa5 commss510ned 1202d.. 10.LKKJ water bottles were sold) ro Univar Solutions Inc where one of the irustees is a pre51deni an¢J CEO. The total tronsaclion Includin6 f arfiage comes to £3,102 12024.. £136.6051 and was conducted ai arm's len81h. Page 20 conlinued...
ARTHOUSE Unlimired Notes to the Financial Statements- continued for the Year Ended 31 Ma 2025 22. ULTIMATE CONTROLLING PARTY The Board of Trustees are consered to be the ultimate contfolling party. Z3. FUNDS General Fynd Tho generol fund Is used lor the day to day runnin8 ol ihe Charity. Wates Foundation Received lor rhe provision ol support work iraining lor the Art In51ruciors. Phillp King Charitable Trust This fund Is for renovaling existing Studio and shop space at % Angel Court. Thi5 Includes Ilexible moveable Iixiures that have longevity that can move wilh AHU Il AHU moves one day. Garfield We51on Thts w35 a 8rJnt lo provide funding for ses510ns. RehIng Community This Is Ihe fin31 year ol thè Naitonal Loitery Grant to support salaries lor inclusion staff to enable the èxpansion ol An sessions io Satur¢Jays. Page 21