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$' R¢port 2￿5 Statement of Trystr¢s' R¢sponsibilities Ind¢pcndenl E.vmin¢rfs Report Statcm¢nt of Financial Aaiwrti¢s 6107 Balance Sheet Not¢5 to the Firknincial St*¢mcnts 9t0 18 City Arts Newbury Reference and Administrative Details Chairman MT5 E C F G Samuel Twusttts Mrs S Johnson. T￿￿[tr Mrs E C F G Samuel MF5 L C c￿lds￿1th Mrs A Willi$ Setretary Mrs H W IA)nB ChArtty R¢¥i$iraiion N¥mber 183770 PrincipAI Offict 10 Hamoon Ro Nci%buw)' B¢rkshir¢ RG14 6DB Independent Examiner Ni8cI GaTh. Coombs FCCA Chart¢red (ernf￿d A¢¢ounthni Opu$ A¢¢oun1￿8 Limiicd Lindinmuth Flouse 37 G￿¢nI￿n 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[LXl￿1L￿ of tk art¥ kn fu￿ amottg the F¢ople of WL$¢ B¢rkshir¢ and thc surrour¥tin8 al￿. in particular. bui limi*41 kn. b￿ the provision of a ¢ornmuniTh' arts hub. To promotc xociai inclusion for thc public bentht h. p￿¥£ni￿n8 pwplr fr(xn kromin8 socia]li' ¢xclud¢d. relicv¢ thc rticds of such rrtoplc and a$S￿ thvm to inle8ratc into and ¢ontnbyt¢ io ￿1¢1￿. in particular bi. the provision of ¢oh¢siv¢ communih. awts evcnL% voIyth*cnng 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&7￿ty 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 ￿$sIble to th¢ dis•Jvaniwd and isolwd ¢hc mmunil¥' To hclp this aim ￿)11.. . Cornpl¢lc thc n¢¥i stagc of M(JV*iOn5 w improve S￿￿Er. rmrnd up8Ade th¢ ki￿b¢n fxilit1¢5. enablLll¥ U5 10 inlroducc r￿d . Op¢n thL' cafi 4 dais p¢r w¢¢k. • InCTL￿ our i'olun*¥'r b&sc and providc the relei'*)t trainin8. In¢r¥'ak. foorfall b% 20Yo In all ar¢as. • Inc￿￿ th¢ n¥mb¢r of wt>rkshops bi" • IncrcasL thL' numkr of ¢xhibitions and cventy. . Ittr￿asC our offcnn8 of ¢hildrtii s art coutscs • Build on and improvc our PR pr¢s¢n¢¢ and awarcncss in commufjih.. Puhlic benefli Th¢ ¢haTits' publiciscs and promotes communih. c%'¢nts. anisiic ￿orkShopS and ¢xhibtsons throughout the lear ¢nabl¢ th¢ loc￿ c(￿LM￿lI￿ io participatr i# th¢ C￿lI0n of art and artiyan prrducu and to view atwj wuir¢ the rk of Iwai aTti$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 E￿81a￿d a#d Wales. Structure. 8overnan¢¢ •ttd N4itsre of¥overniHg doeMmeNi Cih Arts 15 SO￿￿M¢d bi a WISts￿tiOn, the £))nt¢nt of w"￿"th 1$ based ort the standatd Chants, Commission template for a CIO R¢¢ft211tn¢nt and appojntmcnt of Trus*r5 folloms the prncess oudith¢d thc Chan"ti" Commission. Pa8¢ 2 City Arts Newbury Tru$tees' Report (continued) C)r%anisaiitMolstrucÉMTe Trustees mce( approximatelv qyan¢rh. lor more frequeffll%' as Wulr￿). The followin8 8roups re￿1 inio BoaTd of Trustres . Mana8¢m¥DI Commiitre, ￿5￿￿)nSib￿ for the da%" to dai. of xlivitie5 of Cl￿, Arts This ¢ommitt¢e m¥Lt5 ¢NeTh' month Fundraisiny C(*nmille¢. IrspuD5ibk for plannin8 and impl¢m¢nbng fundTaising initiativ¢s and ¢vcttts Thts committcc mects &8 fre9￿￿￿11￿ as requi￿d. d¢F¢nding on planned J¢iivili¢$. but t%'PJC￿ll ever%" 2-3 monih$ Fin4ncial instrumeTrts OhJeLil¥'*s *ndpnlleleJ Th¢ chants s acliiitics c.￿￿ it lo a num￿1 of fiMm¢￿1 nsk5 includin8 crgjii risk. ¢ash flow risk and liquidity, risk Th¢ usc of flnanci￿ dcriv*ivc5 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 inst￿Ments 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 tr*J¢ r¢ttivablc$. The amounts pr¢s¢nted In th¢ balance sh¢¢i arL net of ulloiianccs for th)u￿f￿] rr¢¢i%abl¢$ An ￿lo￿anCe for Impaimiithi is madc ￿herC ihcrc Is an idLniifJ¢d loss ¢v¢ni whi¢h, on P￿VIouS ¢xpcrteoc¢. 1$ eviden(t of a red￿alon in th¢ I￿0vernbIllti. of thc c&%h flows Th¢ cr¢dil risk on liquid funds and dcnv*iv¢ firwKial in51Tumcnts 15 lun1￿1 b¢caus¢ thc countcrpartics arc bank5 With hJ8h crcdii-rdlLn8$ ￿$1$r￿d b!. In*m￿lonal credit-ratin8 4¢n¢ic$. ThL chanti hL8 no sisnifiani wncentration of crcdii n$k. *"ith Cxposu￿ sprc*l ov¢r a lar8¢ numb¢r of ¢ouniLrpartic$ and cukncn. In ord¥r 10 liquiditi. to cnsuTC that Sulfi¢￿nI fi]nd$ a￿ a￿allabIC for on8oin8 01x￿10#S fvbjrc de￿¢10pM(nts. th¢ ¢hanh' usc5 a of lon84crnI and slKJrt4¢nn de￿ financc. Further dctaila r¢8ardin8 liqyjdilv n5k in the Stz*m¢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 In￿le¢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 IUni*d Kingdom Gene￿[%. Ar￿pted Accountin8 Pw"crl and applicabl¢ law and r¢gulation5. The law. applicablc ￿ ehanii¢$ r￿￿11¢$ 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 re￿urCeS 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 meth￿3 And PFinciple8 it) the Th￿11¢5 SORP: make iud8cmethts and estimates ar¢ rea￿Dable pnthffi.. 5tai¢ *hcther appli¢able accounting SLindards havc been follth4'•i subj¢¢t to an%. mat¢nal depar￿￿5 di5closcd and expl￿n¢d ith th¢ financial swem¢nts. •MI pr¢par¢ th¢ fiD*Jcial aatements on th¢ 80itig ¢oncern basis il 1$ tnappTopriat¢ ￿ pre$um¢ that the ehariTh' w'ill ¢onlin￿ itt business. The rnistccs are [¢$I￿SibIL for ke￿1118 prop¢rac¢ountinB ￿e0rd5 th¥ disclose ￿1th rC￿nabl¢ 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$Ebk for tk matnLryJanct artd int¢gri￿. of th ¢orpornic and financial tnfomiaiion Included on thc rharithblc company'y iK81$lat￿n 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¥ eXami￿10n of the ac￿Unts 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% e*amirnYion 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 si*temen¢ 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¢ wu1￿Ments conc¢rnin8 th¢ forni and ￿nIC￿l of accounts scl out in the Lhaniies (Accounts aNJ Kcpon51 R¢8ularJons 21X)¥ othcr than an%. Tequtr¢mcni th a¢¢ouni$ 81￿C a "trnc and fwr *i¢w' iihL¢h i5 llLrt a rna￿T eonsi&.r¢d &% part of an indcpLndLni eXamin￿lon. 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 A￿oUntIng 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 acti￿11￿c5 Lhhth costs that can bc all¢)ca￿d 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 IS￿tI Individual fixed ￿ets cos¢in¥ £O.IX> or more are initialli. rewded at C05t. Iw ani atcumulatrd dcprLClgtion and $ubsL'qucni a￿Um￿ja[Cd impatrni¥E)I losses. D¢pre¢i*tion and amortisatioo Lk'priyiauort Js prts&idcd on L￿gIble fixed assets 80 as to ii'rite off th¢ COA or valu*ion. less an%, ¢iimat¢d TC5idual ov¢r th¢ir ¢XP¢Cicd uscful cconomie lif¢ as folloM'5'. Stock s￿Ck J$ 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$. Cost 1$ de*￿In¢d LtSiTh8 th fiN￿ft. (FIFO). TrAde dtbtors TradL dL'btors arc amounts dug from custom¢rs for n*rthandisc sow or ¥rvic¢$ perfotmcd in thc ordina cour5c of busincss. Trad¢ dLbiors aYE rtcoBni5cd Initiall￿ * th¢ iransxtii)n pric¢. Thci. arL' subscqucntli. M￿￿r¢d ai amonised co using ihc cffectLVL Èn*rcst method. less pwvision for imwmi¢ht. A provision for th¢ IMW￿Cnl 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 insignifica￿1 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$s from suppliers. Accounts ￿l"able are t1￿1fi¢d as currEnt l1a￿.11tie5 If the dw$ 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 ¥¢¢U￿￿LnI for ai I￿1 tw¥Jths' after thL rcw>rttts¥ dai¥. th¥! arv prtscnied a5 non. measured * amortised c05t using the cffcctiv¢ Jni¢rest method. Borrowirtls Ini¢r¢si-tK'ann8 borro￿1n8$ ar¢ inrtialli r¢¢ordLxl at fwr value. M of transaction cos1s. In*rcst-bconng borroiiings are subsL'quenili' ¢amcd * amortiscd eom. Mith th¢ diff¢￿nce irtsircn the proc¢¢ds. n¢t of Iran5aclion costs. and the amouni du¢ on r¥d¢mptioTh bcin8 reco8nis¢d as a ¢haryc to the SLiremeni of Finan¢ial A¢tivitsis over th¥. pEriod of thc relevani borroviin8. IniLrc5t cxpcn5e is reco8nj1￿ OTh th¢ basis of thc cffective interest m¢th(wJ and 15 includcd in int¢r¢M pai'able and similar ¢baryes. Borrowin8$ ar¢ classifid as currcnt liabilities Wil¢￿ the ch￿.￿. ha5 an unconditional right to defer scttlcmcnt of thc liabiljii. for Ill I¢￿1 N'elvr month5 thc ￿pollIng da*. Fund stnttty UnTL51nct¥d in¢om¢ fvnd$ arc ￿neral fvnds th• ar¢ avwL4bl¢ for thc lrnswys dTrs¢r¢tion in fvrthcrarbce of th¢ objc¢tsvc5 of the charit).. Pt11110115 Ind other post retir¢m*n¢ obligationi Thc chariTh orKrniLs a d¢fin¢d ¢Othlnbulion pcnsion SCI￿rn¢ Mhi¢h is a pcnsion plan und¢r H'hi¢h fix¢d contnbuitons ar¢ pwd irtto a ￿nsIon fund and the chan"ti. has no legaj or rthistruaLV¢ obligatsott to pai. fvrther coniribuiions cvcn Éf th¢ docs hold sufficicnt a8s¢ts ty pai. ￿1 crnploiccs the b¢n¢fiTS rclating to ¢mploNec 5cr¥icc in thc wrr¢ni and pnoi per￿d$. ContnbulioThg ro defined coninbulion plan$ arc rcco8Thised in the Statemtni Of Financial Ac(htrlllLS th¢!. a du¢ If contribution wYn¢nLS ¢%¢¢¢d th¢ ¢otstnbutson duc for s¢rvi¢e. th¢ ¢i¢¢ss is rcco8n15cd zs a pr¢pai"m¢nt. 2 Incornt from donaiions •ttd Itgaries 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￿ gr￿1$. 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¢T*I Statements for the Ytar Ended 31 December 2024 (continued) 3 In¢omt Iroth tharit*ble ac¢iviiie8 Ullreslritied TDt•l funds Central Workshop *Jd E.¥hibiiion income Caf¢ income 1,377 26.430 $1.377 2fi.4AO Total for 2024 77.X07 77.%(17 Tot•1 for 2023 4 Income frorn oth¢r ir•diD% aclivitiei UDrt5tricted funds Generxl Toi#l fynds Ev¢nts in￿Me. Oihet ¢v¥riis in¢¢Jmc Lottenc5 and comrKtJiions Income OthLr Jn¢om¢ from othcr irnling aaiviii TotAI for 21124 4.Th)2 473 1.741 4,￿2 473 .745 6.220 6.220 Total for 2013 -5.487 S.4#7 S thher ineome UTrreAtrided TotAI fund$ 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¢r*iin# 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 N￿e Workshop matcrials Cafe eosts Dcprcciation. amortisation and (thr S￿lIar¢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 f￿ffl the tharits. dunn8 thc i'car.. Mrs S J(thnson £277.02 The followin8 truJtr¢ ￿￿1Yrd a pa)'mcnt in ￿$Pc￿ of th drlivrr) of a M￿rkshOP *d wmm¥55ion Mrs H W IxJn8 No othcr trust¢55 ￿ceIV¢d sny. reimbursed ¢*￿￿$¢$ 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$'. 2024 2023 S¢&ff ¢osts duTlllZ the year were: Wag¢s saiarics PLn5Lon costs Oth¢r staff costs 22.294 9.657 16.477 59.022 37,560 No empk)v¢¥ r¢L%1￿] ¢moknts of morv £60.OOOdunrvJ vear Pa8¢ 15 City Arts iyewbury Notes to the FinaD¢igR Sta¢ements for the Year Ended 31 Deeembtr 2024 {continued 11 TxxatioTr The chwity. is a re8iSter¢d ¢hanty' athj is therefo￿ exemFrf from ￿￿￿10n. 12 T•nKible fixed Furniture and equipment Total C05t At l Januar%. 2024 4.219 4.219 Ai 31 tkccmber 2024 4.215¥ 4.219 Depreciation At I lanuaTh' 2024 3.868 3.%6¥ Ai 31 D¢umb¢r 2024 3.X6X Net book value Ai 31 Lk.<¢mber 2024 351 Ai I l D¢c£m￿r 2023 3%1 13 Stock 2024 2023 Stock5 1.476 K43 14 Debtors 2024 2023 Trade debtor5 Prepai'ment$ Othcr dcbto 153 872 396 .472 713 230 1.421 15 C15h and rash equiv*lthis 21124 2023 on h*Jd 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 yt*r 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#$ion ￿1￿M¢. The ojst chary¢ for the vear ￿Pr¥.8¢n￿ Dthbulion5 pai'able b%, th¢ ¢hafth' to the sthn¢ afflountrd 10 £l.5112023 . £Nill. 18 Funds Balance at Jl Dettmber 2024 Jn¢tsmini resowrcti Re￿urteS expethdtd J*n¥•ry 2024 Unr*stri¢ttd funds Gcn¢ral 21.777 107.138 1104.S¥I1 24.330 Bthlance ot 31 Detember 21123 *IArttt at I January 2023 Resouret$ 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 &%$¢ts C￿r￿n1 Iiabiliiics J51 351 41.4.13 117.4731 117.473 Tot￿ as8¢ts 24.331 Unrestritled funds Ctner*l Tot#1 funds at 31 December 2023 Tangible fiycd asxts Currcnt assets Current liabiliii¢s 1.758 35.923 35.923 115.9041 Total net a8s¢rs 21.777 21.777 20 Analysis of Jlet fvftds At31 Dectmbtr 1024 A¢ l J*nu•ry 2024 fin*nfini ¢#$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 J*nuiry 202J Fin*h¢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 Tot*1 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¢ndii￿re N¢t incomc1lcx￿Rdi￿r¢I 6.2771 175.4701 14.7151 46.8991 104.4851 AY.Y251 2.543 N¢1 movemetht in Reton¢tlia¢iort of funds To￿1 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)aiv*d bclowl 16.2771 175.4301 112.87¥ 14.71%) 146.XYY Total c¥pcndiwr¢ N¢1 In¢om¢1lcxp￿ndI￿r¢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 Det*iled St*tement 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 h￿rts￿ble AcrtvWe5 W0￿shO 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 MLrch￿dtsc 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¢