ChariN' re8iStratsfm number. 1183770 City Arts Newbury Annual R¢port athd Financial Swements for thc Year Enthd 31 DKcmbcr 2024
City Arts Newbyry Contents (Continued Referencc and Admirtislraiivc tkthi15 TnJsiee$' R¢port 25 Statement of Trystr¢s' R¢sponsibilities Ind¢pcndenl E.vmin¢rfs Report Statcm¢nt of Financial Aaiwrti¢s 6107 Balance Sheet Not¢5 to the Firknincial St*¢mcnts 9t0 18
City Arts Newbury Reference and Administrative Details Chairman MT5 E C F G Samuel Twusttts Mrs S Johnson. T[tr Mrs E C F G Samuel MF5 L C clds1th Mrs A Willi$ Setretary Mrs H W IA)nB ChArtty R¢¥i$iraiion N¥mber 183770 PrincipAI Offict 10 Hamoon Ro Nci%buw)' B¢rkshir¢ RG14 6DB Independent Examiner Ni8cI GaTh. Coombs FCCA Chart¢red (ernfd A¢¢ounthni Opu$ A¢¢oun18 Limiicd Lindinmuth Flouse 37 G¢nIn Busin¢s1 P B¢shITe RG196HW
City Arts Newbury Trnstees, Report The trustees present th¢ atthual rtp)rt tO8ethcr Mith the fioanc]al ststcmcnts of the ¢han"tt. for the ¢nd¢d 31 tkcemb¢r 2024. Objectives ind attivities Objecls aims To prornu. maintain. Dnprov¢ and advantt ¢dUCatsL attd app[LXl1L of tk art¥ kn fu amottg the F¢ople of WL$¢ B¢rkshir¢ and thc surrour¥tin8 al. in particular. bui limi41 kn. b the provision of a ¢ornmuniTh' arts hub. To promotc xociai inclusion for thc public bentht h. p¥£nin8 pwplr fr(xn kromin8 socia]li' ¢xclud¢d. relicv¢ thc rticds of such rrtoplc and a$S thvm to inle8ratc into and ¢ontnbyt¢ io 1¢1. in particular bi. the provision of ¢oh¢siv¢ communih. awts evcnL% voIythcnng OPFK)mmiii¢s artd othcr such activiiies as thl IfVSt¢e5 d¢i¢m)ine C)hJe¢lves. slrolexief aNdttLiiviiles JncreoJ ihe reach o[Ihe ¢I&7ty To incrca¥e th¢ r¢xh of th¢ Chan'h. and rnak¢ th¢ vigjai arts &&ssibl¢ io th¢ ¢ommunrty of Wcst b¢ShIr¢. To achi¢v¢ thc obJ¢dives of thc Chanh.. Mr wiu ¢{hnU¢ to id¢ntif>' or8anisaiions wc can wllaboNe al build partniTships 1th. x) ¢an makc thc i'isual arts more $sIble to th¢ dis•Jvaniwd and isolwd ¢hc mmunil¥' To hclp this aim )11.. . Cornpl¢lc thc n¢¥i stagc of M(JViOn5 w improve SEr. rmrnd up8Ade th¢ kib¢n fxilit1¢5. enablLll¥ U5 10 inlroducc rd . Op¢n thL' cafi 4 dais p¢r w¢¢k. • InCTL our i'olun¥'r b&sc and providc the relei')t trainin8. In¢r¥'ak. foorfall b% 20Yo In all ar¢as. • Inc th¢ n¥mb¢r of wt>rkshops bi" • IncrcasL thL' numkr of ¢xhibitions and cventy. . IttrasC our offcnn8 of ¢hildrtii s art coutscs • Build on and improvc our PR pr¢s¢n¢¢ and awarcncss in commufjih.. Puhlic benefli Th¢ ¢haTits' publiciscs and promotes communih. c%'¢nts. anisiic orkShopS and ¢xhibtsons throughout the lear ¢nabl¢ th¢ loc c(LMlI io participatr i# th¢ ClI0n of art and artiyan prrducu and to view atwj wuir¢ the rk of Iwai aTti$ts. The trustccs Confi thai th¢i' havc wrnplicd with th rEqUI mcnts of ciion 17 of Chanti¢$ Aa 2011 to have du¢ r¢Bard to th¢ public bcnefii 8uidath¢¢ pub5ishcd b%" the Chanty. Commission for E81ad a#d Wales. Structure. 8overnan¢¢ •ttd N4itsre of¥overniHg doeMmeNi Cih Arts 15 SOM¢d bi a WIStstiOn, the £))nt¢nt of w""th 1$ based ort the standatd Chants, Commission template for a CIO R¢¢ft211tn¢nt and appojntmcnt of Trusr5 folloms the prncess oudith¢d thc Chan"ti" Commission. Pa8¢ 2
City Arts Newbury Tru$tees' Report (continued) C)r%anisaiitMolstrucÉMTe Trustees mce( approximatelv qyan¢rh. lor more frequeffll%' as Wulr). The followin8 8roups re1 inio BoaTd of Trustres . Mana8¢m¥DI Commiitre, 5)nSib for the da%" to dai. of xlivitie5 of Cl, Arts This ¢ommitt¢e m¥Lt5 ¢NeTh' month Fundraisiny C(nmille¢. IrspuD5ibk for plannin8 and impl¢m¢nbng fundTaising initiativ¢s and ¢vcttts Thts committcc mects &8 fre911 as requid. d¢F¢nding on planned J¢iivili¢$. but t%'PJCll ever%" 2-3 monih$ Fin4ncial instrumeTrts OhJeLil¥'s ndpnlleleJ Th¢ chants s acliiitics c. it lo a num1 of fiMm¢1 nsk5 includin8 crgjii risk. ¢ash flow risk and liquidity, risk Th¢ usc of flnanci dcrivivc5 IS 8ovem¢d b)" th¢ ¢han"h' 5 policies approv¢d bi th¢ board of IruslLL& .hich providc iirLllcn pnncÉpl¢s on th¢ us¢ of financial dcri&ii'¢5 thc nsks. Thc chan1} do¢s s¢ d¢riv4tiY¥ finan¢tal instMents for purpoxs Credli rlsA Th¢ chtirit). J pnncipAI financi ar¢ bank and trnd¢ and other rtt¢ivablc#. arHI inv¢th¢nis Thc chant% $ ¢wdJl nsk is pnmanl). attributtblc to its trJ¢ r¢ttivablc$. The amounts pr¢s¢nted In th¢ balance sh¢¢i arL net of ulloiianccs for th)uf] rr¢¢i%abl¢$ An loanCe for Impaimiithi is madc herC ihcrc Is an idLniifJ¢d loss ¢v¢ni whi¢h, on PVIouS ¢xpcrteoc¢. 1$ eviden(t of a redalon in th¢ I0vernbIllti. of thc c&%h flows Th¢ cr¢dil risk on liquid funds and dcnviv¢ firwKial in51Tumcnts 15 lun11 b¢caus¢ thc countcrpartics arc bank5 With hJ8h crcdii-rdlLn8$ $1$rd b!. Inmlonal credit-ratin8 4¢n¢ic$. ThL chanti hL8 no sisnifiani wncentration of crcdii n$k. "ith Cxposu sprcl ov¢r a lar8¢ numb¢r of ¢ouniLrpartic$ and cukncn. In ord¥r 10 liquiditi. to cnsuTC that Sulfi¢nI fi]nd$ a aallabIC for on8oin8 01x10#S fvbjrc de¢10pM(nts. th¢ ¢hanh' usc5 a of lon84crnI and slKJrt4¢nn de financc. Further dctaila r¢8ardin8 liqyjdilv n5k in the Stzm¢ni of x¢owiuh8 polici¢¥ in th¢ financial s¢ai¢mcnts The Charity does noi h#ve Any f•n*TrciAI deriv•iiv¢& does Noi tsold invtstmtnt$ and dot$ Jlot have lonK or short-term debt fiDXll¢t. Thc anntsai r¢port via5 approvd h. thc Inle¢S of the ¢han"Th' on .... . . and si8noJ on its behalf b%.: Mrs E C F G Samuel Chajnnan and in]$
City Arts Newbury Statement of Trusttts, Responsibilities The tThstee5 are rESIM)ristbl¢ forpffpanng the tnksic¢s' r¢port fuwiciaj stht¢m¢nts in xcordance 1th th¢ United Ktrt8dom Accowiting Stsndards IUnid Kingdom Gene[%. Arpted Accountin8 Pw"crl and applicabl¢ law and r¢gulation5. The law. applicablc ehanii¢$ r11¢$ trnstces w prep¢ financial 5tsfcmrnts for each financiat >'&v ii'hi¢h 8ivL a imr a[ fw'r view of thc stat¢ of affair5 of the charit%" ¥d of th¢ incomtng reurCeS and applicatjon of sources of the chants. for that penod. In pripann8 th¢5¢ financi Ststrm¢n the tsustces are requLr¢d io." selcci suitable accout)iLn8 wli¢i¢$ and then appl%" th¢m ¢ortsistcndi': observe the meth3 And PFinciple8 it) the Th11¢5 SORP: make iud8cmethts and estimates ar¢ reaDable pnthffi.. 5tai¢ hcther appli¢able accounting SLindards havc been follth4'•i subj¢¢t to an%. mat¢nal depar5 di5closcd and expln¢d ith th¢ financial swem¢nts. •MI pr¢par¢ th¢ fiDJcial aatements on th¢ 80itig ¢oncern basis il 1$ tnappTopriat¢ pre$um¢ that the ehariTh' w'ill ¢onlin itt business. The rnistccs are [¢$ISibIL for ke1118 prop¢rac¢ountinB e0rd5 th¥ disclose 1th rCnabl¢ ac¢iiia¢i' ai an%. m¢ th¢ firtanciai position of th¢ Chants and cnablc them to financLa] sw¢mcnts compl%. ii'ith th¢ Chantses Aci 2011. thc Clwi'ties IA¢¢owits and RerA)fLsI R¢8ulatM)ns 2008. and the p'151¢)S of the 115tifutioJi The IrustCL'S ar¢ alg) $1)nSibIL for saf¥8¥aidii)¥ &Ssths of fji¥ ¢ha¥ili and liLncL for tskiiJ8 r¢wnabl¢ ¢p$ for thc prevention and dd¢dion of fi21 and (thr in¢8ulanrics. The trustrcs arc rcsrrtM$Ebk for tk matnLryJanct artd int¢gri. of th ¢orpornic and financial tnfomiaiion Included on thc rharithblc company'y iK81$latn 8ovcrninB th¢ p¥¢paraiion arwj disxmination of financi staicments mav diff¢r from kgislats.on ID oth¢r Junsdidions. AppTovcd b%. th¢ inJ¢¢s of thc charity .. MI signed on its t*half bi.: Mrs E C F G Samucl Chainnan and int P4¢4
City Arts Newbury Independent Euminer's Report to the trus¢ees of City Arts Newbury I p)rt w the twstees on m¥ eXami10n of the acUnts of CiTh' Arts NthbuTh' for vear ertded 31 Dce£mkr 2024 Rtspott$ibilitieJ •nd basis of report A$ thl charity. trnSte¢5 of CitN Art$ N¢wbuTr i'o¥ are rcsrKJnsiblc for th¢ prEparntion of the a¢¢ounis in ¥cordattcL' 1th the TequiTcmcnts of thc chaThts Act 2011 I'the Acr'l. I port in SpeCt of m% eamirnYion of th¢ Cjts. Art5 Nei%l)ur% s aecounts caryied out undcr section 145 of the 2(1 I l A¢t artd In ram'ing out mi. c¥aminktiort I havr follomed all thc applicabl¢ Dir¢'rtions given thc Chann, Commi¥sion unikr s¢¢iion 145(5Kbl of the Ad. Independent examiner's sitemen¢ I hai¥ complei¢d c¥aminatJon. I confinn that rKJ material matter5 hal'e c4yn¢ mi. attention in connection ith the cxaminabon givin8 me caus¢ io in an! m¢rial rc$wi l a¢¢ouniinK rt¢oTd$ wrrc k¢pt r¢spe¢i of Cits. Arfs NcwlMr)' as wuir&J b>. S¢¢lion 130 of thc Act. or 2. the accounts do not accoTd i%ith thos¢ r¢wrds. or 3 the a¢¢ounis do not compl). with th¢ wu1Ments conc¢rnin8 th¢ forni and nICl of accounts scl out in the Lhaniies (Accounts aNJ Kcpon51 R¢8ularJons 21X)¥ othcr than an%. Tequtr¢mcni th a¢¢ouni$ 81C a "trnc and fwr i¢w' iihL¢h i5 llLrt a rnaT eonsi&.r¢d &% part of an indcpLndLni eXaminlon. I havk no ¢0rt¢¢rn5 and havc comc acro no thrmatte in conneciion Mith th¢. c%aninatson to W'hich att¢niion should b¢ drawi In this report tn order to ¢n*k a prop¢r undentthding of the a¢¢ounts bc aChed. i¥cl Gar¥ Coombs FCC'A ChartLrcd CcrtJfLcd A¢¢oUn¢t ACCA Opus AoUntIng Limited L2tut¢nmuth Hou5¢ 37 Grcenham Businw Parft Thalchaffl Bcrkshir¢ RG196HW Dai¢. P4¢5
City Arts Newbury Statement of Financial Activkties for the Ye8r Ended 31 Dttember 2024 Unrestrirted funds Total 2024 Note Intome and Endowments from: Donations and kgacies Chantable activities Other irading acti11c5 Lhh<r in¢om¢ 22.0118 77.807 fi.220 1.103 22.8 77,807 6.220 Totsl income 107.14¥ 107.13A Expertditure on: $1tt8 furtds Charitable activiti¢s Oth¢r ¢¥p¢nditure 6.2771 175 4301 122.878 16.277 175.4101 22.¥78 Total eXp¢ndire Nlt incom¢ I l(H,5851 N¢1 movement in fvnds 2.553 2.5$3 Re¢oneilbalio of funds To¢21 funds broughi foNzrd Total fijnds &im¢d foN"ard 21.777 21.777 Vnrtstri¢ttd rund$ To¢1 2023 Nott Income and F.ndowments from: Donations and IL8aci¥$ Chariiable activiiics Oth¢r iradin8 actlVEties Oth¢r Income 13.941 -$1.243 -5.4#7 226 55.243 5.487 226 Totsl income 74.%97 74.897 E¥ptnditure on: R"SIng fvnds Charitablc activities Oth¢r¢xpcnditure 14.7151 146.X991 14,7151 {46.%991 Totsl ew¢#diturc Net cndire 8Y.Y25 1¥9.92_i Ill fl78 Nei mov¢mcnt in funds 11$ 0281 11S.Q281 ReconCiliAtiO of fund5 Tot21 Mtmls broughi fon%ard Total fijnds carried fon%aJd 36.805 36.805 21.777 21,777 Tht notes ott 9 to 18 fonn an intr8rn1 part of thcse finath¢Jal s¢atemetts. Page 6
City Arts Ntwbury S¢4tement of Financial Activities for the Year Ended 31 December 2024 (continued) All of the charit) S Xitviti¢s den.ve frDm ¢(nUtnK ratIOnS during the akni'¢ perityJ5. The fund$ br¢akdoTr for 2023 is in no 18. Thc teS on p28¢$ 9 18 forn an in8ral w of these finatte1 swernents. Page 7
City Arts Newbury (Registration number: 1183770) Balance Sheet as at 31 December 2024 2024 21123 No¢¢ Fixed assety T.gIbl¢ Current ssets Stocks rkbiors Cash bank and in hand 12 351 1,75 13 14 15 1.476 1.421 38.$56 2.415 -72,6$5 41.453 Creditori: Amoknoi$ f•llitte dye within 04e year Noi turrent •sxt¥ 16 117.4731 {I.S.Y04 23.980 20.019 Ntl assets 24.-131 21.777 Funds of ihe thrity: Unrestricted in¢om¢ fynd$ unre8in¢t¢d futhds 24.3.11 21.777 To¢AI funds 24.331 21.777 Th rInan¢i stht¢m¢nts on p4c5 6 to 18 Mrr¢ approv¢d h. the tCes. and authoris¢d for issuc on ..42($. and $18n¢d on their trhAlf bl.: My5 S Johnson Tru5tcc The t1£$ oft pa8e$ 9 10 18 fom an inkgral part of these fi[wKI 5tsmcnts
City Arts Newbury Notes to the Finncial Statements for ¢he Year Ended 31 December 2024 l At¢ountifj% politit StAiemttht of cornpliance ThL financi 5&tcmcnis have becn prepar&1 a¢¢tydancc M'ith the seo)nd edition of thc Charitie5 Sthtrment of RL'coMMcndL Praeti¢¢ ISSU Itt OciokT 2019. the FinancLal R¢p)rting Srandard appli¢ablL itt th¢ United Ktn8dom arkd RLpublic of Ircland IFRS 1021 and th¢ Chantses Aci 2011. B1$i5 of prepAration Ciii. Arts N¢MbuTh' rn[5 the deftniiion of a bliC bcncfii cntiTh und¢r FRS 102 The accounts (financial statcmcnisl hJvL b¢¢n PT¢pHrd under thc histoncal CO ¢onv¢ntson ith itrms reco8nis¢d at ¢osl or tTan5aciion unless othcr¥%i5C SLithd in th¢ rtl¢vani thcK xcounts Goinz ¢on¢ern Th¥ ITUSILe5 consider thai th¢r¢ are no matenal uncertn¢i¢s akni the ¢han'h s abilih, io ¢wiinui as a Orn8 Con. IA¢om¢ ottd endowments Volunrar%' tn¢om¢ in¢ludJnB donations. gifts. le8a¢i¢s and grants th proth core fvnding oi arc of a gencrnt naturL is rcco8lliStd M.h¥'n th¢ ¢han"h. cntiilemcni to th¢ In¢om¢. It PTobablc th¥ th¢ in¢omc iiill be r¢¢¢iv¢d and thc amounl can b¢ m¢asyd '1th sufficicnt reliabtlity.. l)ondltMs o•dlefficie5 IA)natJon5 and legacies Tfco8niJ on a r¢e¢ivablc buis wtheo rK¢iw Is probablc and the amouni can bc reliabl%. m¢asurcd. Gruxl.i reL'eivrthle Gran15 ar¢ r¥Yo¥nis¢d when th¢ charifv an en¢m¢t w thc fuThJs and an& ¢dIon$ linkcd to thc grants havL bccn MLI. WhLrc p¢rfomianc¢ conditions arc atta¢h¢d thc grdnl and arc I'ci io bt m¢i. thc incomc 15 r¢cognis¢d as a liabiliti. and Jnelud¢d on th¢ baJce She as defrTh¢d bc Tcleascd. tkfcrt¢d incom¢ rrpr¢s¢nts amowrts rrryivrd for fijturc periS and 15 trlwcd w incomin8 resout¢o in th pcriod for ii"hi¢h. li has Tc1v Sucb inwn¢ 15 onl%. Ikfcrrcd when.. - The donor spccifi¢5 thc grdni or donaiion must ijiil!. bc uscd in fimiTr ¥COWliing p¢ri¢Jb' or - Th¢ dottor ha5 Im)sed condiDons whi¢h must bc mci beftir¢ th¢ charih. has unconditional ¢n11¢M¢t. Expendlture All ¢¥pcndiwrc ts reco8nis¢d i5 a Ic8aJ or eonstrydive i)bltgation to that eynditure. it IS Probable ¢Tn¢nl is Tequircd artd thc atTh)uTrt cart be rn&¢d rcliabls". All wsls arc alloLwcd io th¢ applicable c¥pcnditure Itcadlng that a8gt¢gat¢ similar costs to ¢goTh 111he COSLS bc dirt¢di' attributed lo panJcu12r headin85 t. have ken allocakd on a ba5t5 Consislcnt w.ith the us¢ of sources. I&Lth ccntra] staff costs allocatcd on the basis of S1. and dcprceiation ¢haTge5 all(l¢d on th¢ portion of the a55¢t s usc. (hher support ¢osl$ arE ail¢xattd bd on the sprt*l of 5tsff c05rs. Page 9
City Arts Novbury Notes ¢0 ¢he Financial Staterntllts for the Yr Ended 31 December 2024 (eontinued) Rai.fingfundy ThcsL' ar¢, ¢05ts incUrd in attRdin8 olwithTh' the man4em¢nt of inve5knents and th05¢ in¢urr¢d i trdding activib¢s that ra15c fvnds. Chdrilahle dciivitses Charitable e.xpendirur¢ compns¢$ thos¢ costs incurrcd th¢ ¢harits' In thc deliver). of its a¢tsvitse$ and 5ervic£s for its bcn¢f)cianes. It includcs IM>th costs that can bc all¢)cad dir¢atV Such acuvitsc5 and th0. Costs of aTh ipdiTeCt t)aturt n¢c¢ysthn' to 3UPP)rt th¢m Taxation Thc chanTh' t$ ¢oD$ideJrd to pass thc tests sffl oui In Pangrnph I Sch¢4ul¢ 6 of th¢ FinaThcc Aci 2010 and th¢rL'forr it mccts the definition of a ¢hatifablc compan%. for UK ¢otptsration purp)s¢s A¢¢otdingl!. thc charif%' 1$ p)¢cntlAll%' fnmn t&x410rt irt r¢4KCt of income or capitht 8ain5 rcccived Mtihin Te90M¢S ov¢rcd bi. ('haptcr 3 Part I l of th¢ CoEporauon Tix Ath 2010 or S¢aion 256 of th¢ Taution of Chargcable Gain5 Aa 1992. to th¢ thai 8u¢h income or8wns ar¢ appli¢d ¢xclu¥ivel%" to ¢Jwithbl¢ purp)5e5. TonKible fiAed IStI Individual fixed ets cos¢in¥ £O.IX> or more are initialli. rewded at C05t. Iw ani atcumulatrd dcprLClgtion and $ubsL'qucni aUmja[Cd impatrni¥E)I losses. D¢pre¢ition and amortisatioo Lk'priyiauort Js prts&idcd on LgIble fixed assets 80 as to ii'rite off th¢ COA or valuion. less an%, ¢iimat¢d TC5idual ov¢r th¢ir ¢XP¢Cicd uscful cconomie lif¢ as folloM'5'. Stock sCk J$ volued at th¢ l¢)Mrr of and ¢stsmat¢d s¢lling price less ¢osts to ¢ornplctc and sell. after due rcgard for obsol¢tc and slow. movin8 0¢k$. Cost 1$ deIn¢d LtSiTh8 th fiNft. (FIFO). TrAde dtbtors TradL dL'btors arc amounts dug from custom¢rs for nrthandisc sow or ¥rvic¢$ perfotmcd in thc ordina cour5c of busincss. Trad¢ dLbiors aYE rtcoBni5cd Initiall * th¢ iransxtii)n pric¢. Thci. arL' subscqucntli. Mr¢d ai amonised co using ihc cffectLVL Ènrcst method. less pwvision for imwmi¢ht. A provision for th¢ IMWCnl of trad¢ d¢brots Js ¢5th115hcd whcn thcrc is obJe¢tsv¢ ¢deS¢ that Ehc th"ty wll not be ablc to coll¢c¢ all amounts duc aG¥ordin8 to thL" ori8itkal i¥mis of th¢ r¢c¢ivablcs. Cash and rash equivilents Cash and equivalents ¢ompiisc c&%h on hand ¢all dcposits. and other short4¢nn highli liquid invLskncnts th a rr*lilN coni'ertjbk to a amowit of tash athl atr subject to an insignifica1 nsk of changc in vatue. Page 10
City Arts Newbury
Notes to the Financial Statsments for the Year Ended 31 December 2024 (continued)
Trade creditors
ar¢ obli8aiions to pa). for 8(Nyls or scnices that been aquir¢d iti ordinaTh' cour5c of bustnc$s from
suppliers. Accounts l"able are t11fi¢d as currEnt l1a.11tie5 If the dw$ thoi have an unconditional right, at th¢
end of The reporting to defcr kttlcm¢tTri of the crcdilor for at least tIVe months alkr the rcporting date
If Ih¢re is an unwnditsOn ngbi d¥'f¢r ¥¢¢ULnI for ai I1 tw¥Jths' after thL rcw>rttts¥ dai¥. th¥! arv
prtscnied a5 non
City Arts Newbury Notes to the Financial Sta¢ements for the Year Ended 31 December 2024 {continued) Unrestritled funds General Total funds Donaiions and Icgacies. Donations from tndividuals Gift r¢'¢lwtnLd Grants, Includkn8 Capi gr1$. DonaiioDs from communit) 8roiips Totil for 2024 8.682 704 .682 704 12.622 12,622 22.(M)8 22.IXb8 Total for 2023 13.941 13,Y41 Pa8e 12
City Arts Nthvbury Nofrs to the Finxn¢TI Statements for the Ytar Ended 31 December 2024 (continued) 3 In¢omt Iroth tharitble ac¢iviiie8 Ullreslritied TDt•l funds Central Workshop *Jd E.¥hibiiion income Caf¢ income 1,377 26.430 $1.377 2fi.4AO Total for 2024 77.X07 77.%(17 Tot•1 for 2023 4 Income frorn oth¢r ir•diD% aclivitiei UDrt5tricted funds Generxl Toi#l fynds Ev¢nts inMe. Oihet ¢v¥riis in¢¢Jmc Lottenc5 and comrKtJiions Income OthLr Jn¢om¢ from othcr irnling aaiviii TotAI for 21124 4.Th)2 473 1.741 4,2 473 .745 6.220 6.220 Total for 2013 -5.487 S.4#7 S thher ineome UTrreAtrided TotAI fund$ GeneT41 Rental incom¢ 714 714 Tot81 for 2024 714 714 Total for 2023 40 4V Page 13
City Arts Newbury Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 6 Expend?lure on raisin# il Costs of trAdin8 ttivilies Ufftregtrbeted fynds General TotAI futhd$ Note Mark¢uh8 and publicity. Total for 2024 5.640 S.640 Total for 2023 4,.704 4.3(I4 bl Other tosts ofi¢n¢riin# doo•tlOlls And 1¢8•¢ies Utsrtstridtd rund$ Cener Totil funds Nott Oth¢r diwct costs 637 fi.17 TotAI for 2024 637 Total for 2023 Totol costs 7 Expendityre on tharitable Attiwitits Unrestri¢ted funds Central Totll funds Ne Workshop matcrials Cafe eosts Dcprcciation. amortisation and (thr SlIar¢O$(S Sraff costs 5.493 ¢).509 1.406 5.493 9.509 1.406 Sg.Q22 Total for 2024 7S.410 Total for 2023 46.¥99 4fi.xyg Page 14
CRty Arts Newbury Notes to the Financial Statements for the Year Ended 31 December 2024 (Continued) 8 Other expeAditure Unrestricted funds Gener•1 Total funds Nole Othcr resouTC¢S e¥p¢nd¢d 22.878 22.878 TotAI for 2024 22.1178 22.878 Tot•1 for 2023 9 Trustees r¢muneraiion eAptTr No trnstees. nor any comK¢kd with thm. hav¢ r¢¢¢iv¢d ani. Muncratton from the ¢han"ti' during thc }¢ar. Th¢ followin¥ iNstCLS rcccived reirnburs¢m¢ni of ¢1$¢S fffl the tharits. dunn8 thc i'car.. Mrs S J(thnson £277.02 The followin8 truJtr¢ 1Yrd a pa)'mcnt in $Pc of th drlivrr) of a MrkshOP d wmm¥55ion Mrs H W IxJn8 No othcr trust¢55 ceIV¢d sny. reimbursed ¢$¢$ orkn!. other ben¢fits th¢ chan'ti. durin8 the %tar Paim¢n¢s io&llin8 £1 SX12n wcrc made to Mr G C John50n. husband of Mrs S Johnson. In ¢5£1 of m•¢riai s¢$ for building a cuptrf)ard ID th wprkshop artd also ncw. work rfac¢ at in thc cafc arca. 10 Staff costs Th¢ aBgrc8ale pa)roll c¢isL8 w¢r¢ as foll¢)w$'. 2024 2023 S¢&ff ¢osts duTlllZ the year were: Wag¢s saiarics PLn5Lon costs Oth¢r staff costs 22.294 9.657 16.477 59.022 37,560 No empk)v¢¥ r¢L%1] ¢moknts of morv £60.OOOdunrvJ vear Pa8¢ 15
City Arts iyewbury Notes to the FinaD¢igR Sta¢ements for the Year Ended 31 Deeembtr 2024 {continued 11 TxxatioTr The chwity. is a re8iSter¢d ¢hanty' athj is therefo exemFrf from 10n. 12 T•nKible fixed Furniture and equipment Total C05t At l Januar%. 2024 4.219 4.219 Ai 31 tkccmber 2024 4.215¥ 4.219 Depreciation At I lanuaTh' 2024 3.868 3.%6¥ Ai 31 D¢umb¢r 2024 3.X6X Net book value Ai 31 Lk.<¢mber 2024 351 Ai I l D¢c£mr 2023 3%1 13 Stock 2024 2023 Stock5 1.476 K43 14 Debtors 2024 2023 Trade debtor5 Prepai'ment$ Othcr dcbto 153 872 396 .472 713 230 1.421 15 C15h and rash equivlthis 21124 2023 on hJd Cash at bank 220 38.336 313 32.342 38.446 32.64.5 Pa8¢ 16
City Arts Newbury Notes to the FiD4ncial Ststtments for the Year Ended 31 December 2024 (cotttinutd) 16 CTedbtor5.' 4mouni$ falling dut within othe ytr 2024 202J Tradc credj.iors Othcr t&xation and so¢ial urity. Other crcditors Accruds D¢fettcd income 147 271 382 2.49) 14.1¥.3 130 12.686 17.473 17 Pension #nd O¢her sehemes Defined tontribuliott pertiion s¢herne Thc chuits. 0¢$ a defirted contribLtrioD pc#$ion 1M¢. The ojst chary¢ for the vear Pr¥.8¢n Dthbulion5 pai'able b%, th¢ ¢hafth' to the sthn¢ afflountrd 10 £l.5112023 . £Nill. 18 Funds Balance at Jl Dettmber 2024 Jn¢tsmini resowrcti ReurteS expethdtd Jn¥•ry 2024 Unrstri¢ttd funds Gcn¢ral 21.777 107.138 1104.S¥I1 24.330 Bthlance ot 31 Detember 21123 IArttt at I January 2023 Resouret$ txpended resour¢t$ Unrestri¢tsd funds G¢n¢ 36.80$ 74.897 18Y.y251 21.777 19 Anilysis of net asjets beiiveen funds Pa8c 17
City Arts Newbury Notes to the Financial Ststements for the Year Ended 31 December 2024 (eontinued) Unrestritted (unds Generij Total funds It JI De¢ember 2024 Tangiblc assets Current &%$¢ts Crn1 Iiabiliiics J51 351 41.4.13 117.4731 117.473 Tot as8¢ts 24.331 Unrestritled funds Ctnerl Tot#1 funds at 31 December 2023 Tangible fiycd asxts Currcnt assets Current liabiliii¢s 1.758 35.923 35.923 115.9041 Total net a8s¢rs 21.777 21.777 20 Analysis of Jlet fvftds At31 Dectmbtr 1024 A¢ l Jnu•ry 2024 finnfini ¢#$h Ilows Cash at bank and in hand 32.644 3¥.%56 N¢1 d¢bt 32.653 J.901 Atjl December 2023 Al l Jnuiry 202J Finh¢in8 ¢sh flows Cash at bank and in hathd .14.994 2.174) 34,994 {2.3351 32.6.55 N¢1 debi Pa8e 18
City Arts Newbury Statement of FiDancial Activities by fund for ¢ht Year Ended 31 December 2024 Tot1 Total UnrtStrirted UDreslricttd Funds Funds 2024 2023 Income and Endoi¥mtn15 from: Donaiiorts and Ic¥acics Charitsbl¢ affliviites Oth¥r irnJw8 adivitics h¢r income 22.008 77.8Q7 6.220 55.243 4.487 226 Total ineomc 107.138 74.¥Y7 Exptndilure on: R'sing fvnds Chantable activiii¢s OthLr cxpenditure Tothj ¢KP¢ndiire N¢t incomc1lcxRdir¢I 6.2771 175.4701 14.7151 46.8991 104.4851 AY.Y251 2.543 N¢1 movemetht in Reton¢tlia¢iort of funds To1 fimds bJDu8ht foN3rd Total fijnds TTI¢d fornvard 21.777 36.805 24.330 21.777 Thi$ page doe5 not forn part of thE 5tsthtOP4" finan¢Jal ststemcnts. Pa8e 19
City Arts Newbury Detgiled Statemeni of Financial Activities for the Year Ended 31 December 2024 Totsl 2024 TotAI 2023 Intom¢ •ttd Ertdowu)tDts from: Donaijotts and l¢gacies lanaljsed b¢loM.I Chantsbl¢ acttvitics lana]¥d btloTh') Othcr iradirtg a¢iivJtii$ lardlscd klom) Other in¢(wn¢ lanal%'s¢d b¢l¢x%} 22.>8 77,807 6.220 1.103 13,94 ,487 226 To( income 107.138 74.897 Exptnditure oo: R'sirt8 funds latthli'scd kloi4} Chantable aciivilics (an.xI b¢low) Othor ¢y¢p¢nditur¢ Iw)aivd bclowl 16.2771 175.4301 112.87¥ 14.71%) 146.XYY Total c¥pcndiwr¢ N¢1 In¢om¢1lcxpndIr¢l 2.-$53 115.0281 N¢1 moi'¢mcnt in fiu 2.553 115.0281 Re¢ontiliMtion of fund• Total fiJnd$ brought forward Totsl fijnds canicd fonvard 21.777 16.X115 24.330 Thi5 paBe dtts fonn part of tk ath&)r%' fitwKial 5tstemeDts Pag¢ 20
City Arts Newbury Detiled Sttement of Financial Activities for the Year Ended 31 December 2024 (continued) Total 2023 21124 Donations Reccivcd Go(xl Exchange Grants T&¥ R¢clwmcd Amazon Smilc Futtd RW51 3,296 1.565 3,684 12.622 704 341 36 2( 22.(K>¥ l.l.Y41 hrtsble AcrtvWe5 W0shO E%hibilJons Cafc Sales 34,776 6.423 14.044 26.43(J 77.1117 45.243 (hher ochviilés W¢st Bcwks Lottcr%' Ei'cnts Appl¥ Jui¢¢ Card s¢$ Commissions MLrchdtsc S¢S M¢M'r$hIp Artisi fte Gtfl vou¢hcts not Usd now ¢xpir¢d 473 3,977 792 415 418 544 57¥ 132 194 25 120 30 6.220 Chher Rent In¢omc ltt¢<r¢'5t rvG¢iv¢d 714 40 186 226 Appl¢ Jui¢¢ Costs PR ILiicratur¢ & BrrKhuff$) {6371 15.6401 4.3041 {6.277 14.714 Charilahle ocliviiies Workshop Trdincrs '0$hOp$ covcwcd bv grznts Workshop- Mat¢nals Ev¢thts ¢osts Exhibition costs (3.$6611 127.7171 16001 1244) 14.9951 Thts rA8e dtts not fotrn Furtof the StaTr. ststcments. Pa8e21 13.296
City Arts Newbury Detsiled Ststemtni of Fin8Dcial Activities for the Year Ended 31 December 2024 {continu¢d) Tot1 2024 Total 202J Cafc PvTchasL's Isupplicsl Emploi'ec Wages aTrd Salarr¢s Emploi¢rs peJ)sion TraiDlThg Evenis &. PR Mana8¢r Exhibirion co$1 irtr d15pla%' and han8in8 costs Cafe r¢pairg and ren1.$ lin¢ set up co) Fixmr¢$ and Filtsngs DePcll0 {7.0531 (22.2W 12.6641 19.6571 (9161 196 1901 {1341 17941 11.406 {l421 12.4561 11.4061 46.Xl)y Chher Lrpen4114re Sponsorship and 81fts Rcnt . 10 Hamwon Ro&1 R¢'ni- Other El¢clricit)' W¥¢r Printin8. Postagc and stali0ry Compulcr and softwa Ent¢rtaLnm¢rtl Rcpwrs and ReWai5 C'leanin8 Building works T¢lcphoth¢ and IntcnKt Lcgal fccs Insuranc¢ Refr¢shmeftts DBS chccks Wibsi A¢wuntsn¢y Fees Cr¢dit card and Tickrf Twlor f¢c5 <6041 1845} 11201 14.7221 (3341 1192 13671 160 12.3421 12.8201 14.2081 14941 16011 12001 {1,74YI 12221 12.2491 {23.11051 14681 13.2341 16981 13¥71 {91 12.0901 179¥1 4701 12,2961 {318 11.729 1.295 22.878 This pa8e do¢$ tM)t fonn Pkrt of th¢ fiDa0cl SW¢ments. Page 22