Presidents Report 2024/2025
Introduction
We enjoyed an exceptional year, in which our income was the largest ever recorded in one accounting period for the Arts Club. Our main source of income remains exhibition sales, where our members sell their artworks and we accept a donation of thirty percent. Our second highest source of income, came through our Theatre events, particularly the September Festival, where we staged eighteen different acts over the two- week period. Other income was received via membership donations, room rentals, fundraising and donations.
It is pleasing to report that our facilities were in use, every day of every week, by a mixture of, art exhibitors, art groups, yoga teaching, a writing group, and a flourishing ukulele school. We hosted a range of other cultural events during the year for both our internal member audience and external ticket buying audiences.
Membership
Our membership increased to, one hundred and sixty-one members, by the year end, which is an increase of eight on the previous year. We have initiated a Gift Aid scheme for our membership donations, and this will be promoted strongly throughout 2026 to increase take-up by our members.
Exhibitions and Art Sales
We close during January, for a break and to refurbish our facilities. On reopening in February we staged a two-week Retrospective Exhibition, to display our cherished stored artworks, many provided by previous Presidents and important past members of our Arts Club. This exhibition was very well received with good footfall and feedback.
Our exhibition calendar was completely full last year, when we held thirty-nine weeks of individual members exhibitions and six weeks of group exhibitions. For the first time, we also took a group of forty members to an external gallery – The Crypt Gallery, on the other side of St Ives. We held a large art exhibition for two weeks and enjoyed concerts by our Ukelele group.
An addition this year was to display members’ work in our Hall Gallery for a small hanging donation, which raised more funds and many members enjoyed successful sales of their artworks.
This ‘Hall Gallery’ was part of an initiative to make our entrance hall a more welcoming space for visitors and with updated displays we were also able to increase donations for our arts club cards.
Although art sales were slightly down on the previous year, in general, we had a very good exhibition year, and our income reflected this.
Theatre
Our theatre space was in use every weekday, with regular members’ events taking place during the daytime. In the evenings we use the theatre for performances and events. We hosted Bailey Tompkinson, Molly Hocking and Nicole Tesseyman – all local performers, who draw a large audience.
We were pleased to hold a charity comedy night in aid of Ukraine and were able to send the £450 proceeds to the Ukraine Embassy appeal.
An additional members’ event this year has been our Art & Wine evenings, which were very well received, and we plan to hold them every six weeks in the future.
The September Festival is always our biggest annual cultural event, and this year was no exception. We hosted eighteen diverse stage performers as well as interesting talks and films, securing good donations, via ticket sales, for the club.
Other activities
I introduced a ‘President’s Christmas Lecture’ in 2024, where my local family history talk was improved immensely with sherry, mince pies, and mulled wine for our members. I hope this may become an annual event to thank our members and spread festive cheer!
I was pleased to be asked to provide artworks for a local pub/hotel refurbishment, namely the PednOlva Hotel in St Ives. Our members provided the artwork on twentyseven room numbers, and we secured a large donation.
Refurbishments
Our charitable fund-raising events, enable the committee to improve and secure the future of our property on Westcott Quay. During the year we erected scaffolding at great expense, to enable us to fix the roof and replace two dormer windows. We also replaced a window in the upstairs kitchen, installed a new boiler and radiators, and replaced all the guttering. Internally we made many improvements, installing new theatre lights,
stage curtains and we decorated throughout. All these repairs and maintenance require funds, and we were pleased our donations covered most our expenses.
Our premises are in good shape, however, I am very aware the job is never ending!
My aims as a new President of St Ives Arts Club
I committed at the outset of this year, to increase our income and to raise our profile both internally to our members and externally.
My work with the Society of Artists (Crypt exhibition), the PednOlva room numbers, Christmas lecture and Retrospective Exhibition were all new events and did raise our profile. I am pleased to report that my personal initiatives raised more than three thousand five hundred pounds for club funds.
I therefore report on a successful year with great moves forward to our building restoration and extremely strong membership, raising a record amount of funds for our club.
Thank you to all our members and the committee for their ongoing support.
Chris O’Reilly President 2024- 2025
REGISTERED CHARITY NUMBER: 1182423
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
FOR
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a Charitable Incorporated Organisation as defined by the Charities Act 2011 (hereinafter called the 'CIO').
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1182423
Principal address
Westcotts Quay St Ives Cornwall TR26 2DY
Trustees
Stephen Litherland Janet Axten Brian Richards Philip Gee
Independent Examiner
Robert Langley CTA ATT Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
Approved by order of the board of trustees on 8 January 2026 and signed on its behalf by:
Stephen Litherland - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
Independent examiner's report to the trustees of The St Ives (Cornwall) Arts Club Society CIO
I report to the charity trustees on my examination of the accounts of The St Ives (Cornwall) Arts Club Society CIO (the Trust) for the year ended 30 September 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Robert Langley CTA ATT
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
8 January 2026
Page 2
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2024 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| fund | fund | |
| £ | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Voluntary income | 16,698 | 17,098 |
| Charitable activities | ||
| Charitable activities | 78,998 | 61,486 |
| Total | 95,696 | 78,584 |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable activities | 97,483 | 67,870 |
| NET INCOME/(EXPENDITURE) | (1,787) | 10,714 |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 36,642 | 25,928 |
| TOTAL FUNDS CARRIED FORWARD | 34,855 | 36,642 |
The notes form part of these financial statements
Page 3
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| fund | fund | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank and in hand | 35,515 | 37,302 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (660) | (660) |
| NET CURRENT ASSETS | 34,855 | 36,642 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 34,855 | 36,642 | |
| NET ASSETS | 34,855 | 36,642 | |
| FUNDS | 5 | ||
| Unrestricted funds | 34,855 | 36,642 | |
| TOTAL FUNDS | 34,855 | 36,642 |
The financial statements were approved by the Board of Trustees and authorised for issue on 8 January 2026 and were signed on its behalf by:
Stephen Litherland - Trustee
The notes form part of these financial statements
Page 4
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds; it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
continued...
Page 5
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Voluntary income | 17,098 | ||
| Charitable activities | |||
| Charitable activities | 61,486 | ||
| Total | 78,584 | ||
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 67,870 | ||
| NET INCOME/(EXPENDITURE) | 10,714 | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 25,928 | ||
| TOTAL FUNDS CARRIED FORWARD | 36,642 | ||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 660 | 660 |
continued...
Page 6
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| Net | ||
| movement | At | |
| At 1/10/24 | in funds | 30/09/25 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 36,642 |
(1,787) | 34,855 |
| TOTAL FUNDS 36,642 |
(1,787) | 34,855 |
| Net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 95,696 |
97,483 | (1,787) |
| TOTAL FUNDS 95,696 |
97,483 | (1,787) |
| Comparatives for movement in funds | ||
| Net | ||
| movement | At | |
| At 1/10/23 | in funds | 30/09/24 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 25,928 |
10,714 | 36,642 |
| TOTAL FUNDS 25,928 |
10,714 | 36,642 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 78,584 |
67,870 | 10,714 |
| TOTAL FUNDS 78,584 |
67,870 | 10,714 |
continued...
Page 7
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1/10/23 | in funds |
30/09/25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 25,928 | 8,927 | 34,855 | |
| TOTAL FUNDS | 25,928 | 8,927 | 34,855 | |
| A current year 12 months and prior year 12 months combined net movement in | funds, included in the above a | |||
| as follows: | ||||
| Incoming | Resources |
Movement | ||
| resources | expended |
in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 174,280 | 165,353 | 8,927 | |
| TOTAL FUNDS | 174,280 | 165,353 | 8,927 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2025.
Page 8
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Voluntary income | ||
| Theatre room hire | 4,348 | 6,437 |
| Membership fees | 6,410 | 6,130 |
| Exhibition room hire | 5,940 | 4,531 |
| 16,698 | 17,098 | |
| Charitable activities | ||
| Exhibition room income | 58,148 | 60,106 |
| Theatre tickets | 12,183 | - |
| Catering and bar income | 3,620 | - |
| Grants and donations | 330 | 500 |
| Fundraising events | 4,717 | 880 |
| 78,998 | 61,486 | |
| Total incoming resources | 95,696 | 78,584 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 608 | 491 |
| Insurance | 4,587 | 3,845 |
| Light and heat | 3,829 | 3,772 |
| Telephone | 550 | 516 |
| Sundries | 2,213 | 2,126 |
| Printing costs | 675 | 142 |
| Licences and subscriptions | 1,282 | 1,486 |
| Repairs and renewals | 25,571 | 3,659 |
| Cleaning | 5,623 | 5,092 |
| Theatre production costs | 9,086 | 3,748 |
| Catering and bar | 1,698 | 1,002 |
| Commission | 39,660 | 40,586 |
| Room hire | 800 | - |
| Charitable donations | 450 | 160 |
| Accountancy | 660 | 660 |
| Bank charges | 96 | 90 |
| Refunds | 95 | 395 |
| Valuations | - | 100 |
| 97,483 | 67,870 | |
| Total resources expended | 97,483 | 67,870 |
| Net income/(expenditure) | (1,787) | 10,714 |
This page does not form part of the statutory financial statements
Page 9
REGISTERED CHARITY NUMBER: 1182423
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
FOR
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a Charitable Incorporated Organisation as defined by the Charities Act 2011 (hereinafter called the 'CIO').
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1182423
Principal address
Westcotts Quay St Ives Cornwall TR26 2DY
Trustees
Stephen Litherland Janet Axten Brian Richards Philip Gee
Independent Examiner
Robert Langley CTA ATT Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
Approved by order of the board of trustees on 8 January 2026 and signed on its behalf by:
Stephen Litherland - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
Independent examiner's report to the trustees of The St Ives (Cornwall) Arts Club Society CIO
I report to the charity trustees on my examination of the accounts of The St Ives (Cornwall) Arts Club Society CIO (the Trust) for the year ended 30 September 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Robert Langley CTA ATT
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
8 January 2026
Page 2
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2024 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| fund | fund | |
| £ | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Voluntary income | 16,698 | 17,098 |
| Charitable activities | ||
| Charitable activities | 78,998 | 61,486 |
| Total | 95,696 | 78,584 |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable activities | 97,483 | 67,870 |
| NET INCOME/(EXPENDITURE) | (1,787) | 10,714 |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 36,642 | 25,928 |
| TOTAL FUNDS CARRIED FORWARD | 34,855 | 36,642 |
The notes form part of these financial statements
Page 3
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| fund | fund | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank and in hand | 35,515 | 37,302 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (660) | (660) |
| NET CURRENT ASSETS | 34,855 | 36,642 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 34,855 | 36,642 | |
| NET ASSETS | 34,855 | 36,642 | |
| FUNDS | 5 | ||
| Unrestricted funds | 34,855 | 36,642 | |
| TOTAL FUNDS | 34,855 | 36,642 |
The financial statements were approved by the Board of Trustees and authorised for issue on 8 January 2026 and were signed on its behalf by:
Stephen Litherland - Trustee
The notes form part of these financial statements
Page 4
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds; it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
continued...
Page 5
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Voluntary income | 17,098 | ||
| Charitable activities | |||
| Charitable activities | 61,486 | ||
| Total | 78,584 | ||
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 67,870 | ||
| NET INCOME/(EXPENDITURE) | 10,714 | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 25,928 | ||
| TOTAL FUNDS CARRIED FORWARD | 36,642 | ||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 660 | 660 |
continued...
Page 6
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| Net | ||
| movement | At | |
| At 1/10/24 | in funds | 30/09/25 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 36,642 |
(1,787) | 34,855 |
| TOTAL FUNDS 36,642 |
(1,787) | 34,855 |
| Net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 95,696 |
97,483 | (1,787) |
| TOTAL FUNDS 95,696 |
97,483 | (1,787) |
| Comparatives for movement in funds | ||
| Net | ||
| movement | At | |
| At 1/10/23 | in funds | 30/09/24 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 25,928 |
10,714 | 36,642 |
| TOTAL FUNDS 25,928 |
10,714 | 36,642 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 78,584 |
67,870 | 10,714 |
| TOTAL FUNDS 78,584 |
67,870 | 10,714 |
continued...
Page 7
THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1/10/23 | in funds |
30/09/25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 25,928 | 8,927 | 34,855 | |
| TOTAL FUNDS | 25,928 | 8,927 | 34,855 | |
| A current year 12 months and prior year 12 months combined net movement in | funds, included in the above a | |||
| as follows: | ||||
| Incoming | Resources |
Movement | ||
| resources | expended |
in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 174,280 | 165,353 | 8,927 | |
| TOTAL FUNDS | 174,280 | 165,353 | 8,927 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2025.
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THE ST IVES (CORNWALL) ARTS CLUB SOCIETY CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Voluntary income | ||
| Theatre room hire | 4,348 | 6,437 |
| Membership fees | 6,410 | 6,130 |
| Exhibition room hire | 5,940 | 4,531 |
| 16,698 | 17,098 | |
| Charitable activities | ||
| Exhibition room income | 58,148 | 60,106 |
| Theatre tickets | 12,183 | - |
| Catering and bar income | 3,620 | - |
| Grants and donations | 330 | 500 |
| Fundraising events | 4,717 | 880 |
| 78,998 | 61,486 | |
| Total incoming resources | 95,696 | 78,584 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 608 | 491 |
| Insurance | 4,587 | 3,845 |
| Light and heat | 3,829 | 3,772 |
| Telephone | 550 | 516 |
| Sundries | 2,213 | 2,126 |
| Printing costs | 675 | 142 |
| Licences and subscriptions | 1,282 | 1,486 |
| Repairs and renewals | 25,571 | 3,659 |
| Cleaning | 5,623 | 5,092 |
| Theatre production costs | 9,086 | 3,748 |
| Catering and bar | 1,698 | 1,002 |
| Commission | 39,660 | 40,586 |
| Room hire | 800 | - |
| Charitable donations | 450 | 160 |
| Accountancy | 660 | 660 |
| Bank charges | 96 | 90 |
| Refunds | 95 | 395 |
| Valuations | - | 100 |
| 97,483 | 67,870 | |
| Total resources expended | 97,483 | 67,870 |
| Net income/(expenditure) | (1,787) | 10,714 |
This page does not form part of the statutory financial statements
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