2024-12-31-accounts

Clijrity re￿istratIDIl IJiLiIibKr. 1186136 Clwb Ifor Bach A]Jrtu&l R¢i)okt filld Fii)aii¢ial state￿Ie1}ts for Ike Ye&r Ended 11 D¢c¢inb¢r 2()24 ￿di1 Lsmtled stam￿ry Audilor Scveni House H¥zell Diive Newport South WAIts NPIO 8FY

Clivb Ifor Bach Cotttents Ttu&t¢C3' Rcport I to7 Indcpcndcnl Au(blots' I1¢p￿1 8t0 10 stst¢Jncllt of Pin4nciul Activities 1110 12 Blila￿¢ Shcot 13 StateuLent of Cn$h flow5 14 Notes lo the Fijxaiicial Stat¢m¢Jits 15to29

Clwb Ifoi. Bach Trustees, Repoyt I'l ITuslees, VAY) are diteclors for tli¢ piwoses of colmp￿llY ]llw, pres￿11 the an￿la[ iepotl 108eilieT with the fitsHn¢il stalemeots Aud 7£ iidjlors, r¢Dorl of Ihe cliaritthble coimpany lor the year ended 311)ecember 2024. Oble£tiv&s and wltlvltles Objecls ftit¢lrtliiis 11ie Pr￿￿tiple objeclivc of Ihe Lhnrity is tv 'ndvlln¢e the educulion ot- Uie yiiblic by encoiir-oging the ider%landiii8 appicciation ot eonlemtK)IHry iniisit, including n￿SLe of Thielsh origiullan81th8e iii such ways s tIK tn]slees ¢otJsider apprupiiAte'. We Are Con￿]Itted to ill¢rea$ittg Rudithice eJJgJgemtnÉ with ii¢w ￿￿1c, providing Op￿r-w￿ltie3 for atlists 10 row and develop ond support those looking oll￿r potelll%&l path-wayb into Ihe indu81ry. We believe t￿11 every￿￿ of all baekgroiiTrds llnd and *biliti¢8. should be thble to ac¢es5 n]11sie- be that illl or oft Iho sI￿g¥- iittd roc￿$ OilT work ott IELe lollowiiig key to achieve OiiT chEillt&bk objec¢ive$ ks tsTrllined iii oiir Ibeory ofchange.. . Arti%t8 D¢v¢lopm¢nl . A1￿lence & CoiJlliiuLity Dev8101)Ineiit b SeLtor Wi>rknrcL' & Sknlls D￿elovnIertt SeclOT Lea￿￿5[]1p & Advocacy PJ8e I

Clivb Ifor Ba¢h Trvstees, Reyoi.t Objeertves slMlegifsAnrf r7elTvilies Despit¢ 2024 beillg a challenging year for the ot8all15aliort as a result of a weaker t￿n expected Iradi]Jg p¢rfoAiiauce diiring Ilie fiisl haifol tlie y¢Jr wc We￿ still able 10 delivcr a slroi)E prograftinEE of nclivily 10 lii)e willi oiir churilfftble obje¢liYes. Ivc succe58fiilly stoged 405 events ¢0 n cornbii(t ￿lidi￿nCe ot.j1￿1 over 85,000. of whicli tWO-￿I￿d8 1245) weie pntswlcJ l)y our iii-hoiisc t¢•LlI, 10 of Itkose being d¢livexed in otl)er veAiue8 111 Car-(l¢ti Art(1 elsew]￿re %ii WAleg. AveThxe sillenclance all events 211. however we did ste ￿ sÉiglil decreDse13,6071 ￿ iotal all￿1danCe coJnpJted to 2023. Our 5i8Daliite ¢v¢nt Slllte 2018 ib Swn Fe31ival,' a multi veouc ttlebratioii of new and ￿n¢rgI1Ig i￿liS1¢ stsged ov¢1 three dllys in inid October. Tliis yellr's ev￿11 wo¥ incl￿ed withiii the prugttsmLie Ihe Cthrditl- MusiL Cily F¢5tivlll, ¥ key objoclive for C￿..diff Council 10 8¢renBthLii Ihe fouJJdalioLs of tlie gnssroots musie 8ectni within the c4ty.'leir sui)i)nrt coabled u IntncrM%c hnth i)UT eJpacily and relleli and d¢v¢lDp tht ind￿￿ty confct¢ll¢e, llained Conllec¢ two day ev¢llt Ib81 feanired puDel% atid facc to fa¢¢ mertioi¥hip 4)ppoIIuLiilie& Fur W¢ls1i ttrli¥l& li￿1 indwilry pTULbllonLr￿. This yelli uver 5,500 ullell(lees wilh L37 rtisls across 10 differ¢Dt stages diiTiiig the three Jays ofihe frslLvuI. W¢ nl%o worktd in par￿￿¢15h7p witii local furtb¢r educ&lionol ¢ollegcs ￿ld iiniv¢isitiL's providing valiinleerittg opportunities for ov¢r 90 peopl¢ duriiig tho eveiil. In Jddition ConikcLI llltracled 127 d¢le8altg and 450 ￿11￿l[le¢S provi(lin8 ts strong foundslion lo rtlier deyeloi) the ti)rtfer￿Ce iDlo a ke3'.%taging po%t fiJr thn%e I￿king far pathwa￿ inti) Ihemiu%ic Ind￿￿trY. Otljvi ￿0tablY illivity foi" 2024 illLludes woik for tIK Natio[￿] Eistt(]dfoiL I'afwyl. a sbowcosy eveni for Wtlsh artisls at 'l-lir Gieol Escape fe%tival ond a IOLU lo proniole Iht Wetsh Government'5 'l)ydd Miwsig CytDru' iiuÈialÉve. siaged in a differetil location ¢aeh Ye￿ a￿d dEliYer¢d ¢XcI￿$1v¢IY ¢hTough tlje lliediiitll of Welsh The National F,isieddfod is IVfjl¢s's bigges1 arts. festival. We have been reSI￿n57-1?1￿ for Ihc pllsi four years for ￿l[lItI0g and pioillolu]g its Jttte llighi offerinsy Maes B, a tes4ival iii 115 QM'LI rigbl Wh￿ prill￿ry iarget ud%¥iice is lliose Agcd 16- 25. This i3 oft¢J] tlic first fcslivDI LXPCIiLIILf f(>r niicttde¢s find 1.% 811 liw1￿1t Lnilc8lonc thcir coniinu-ing iolationship with the Welsh lartgwgc. Wc provide progra]nmiIig support for olh¥i stages on the n]8iD Eiisleddfod site. 'rafivyl i¥ aiiotii¢r event wlM)se piiinaiy focw is pronxTrill￿ the Welsh langiia¥e attd Iiere w¢ provid¢ wir support to PIX)gr4￿irtÈ Ilie frstival's maiii Inusi¢ slagts. Tafiyyl, which is Ii¢ld iD the cetttre ofcardiff, 15 o free event ond iy opeL to &ll. li now llllxacls ovtr 50,000 peopl¢ l￿d hus becoine & key robu8 for lh¢ cily's work lo promot¢ the laJJJwage. Dy(H M1ws￿ CyD]ru is an annual ¢ii¢ni fund¢d by Ilie Wel$li GoveFnment to promot¢ the %ocilll iise of W¢ls tltroiigli music. W¢ have blaged all ¢v¢ni ar oiir WoiTuftby Slrcel ho]]kE every ye￿r sinct Il* initiative's xocqilion in 2013.-Ihi% yeai %v¢ wer¢ isked 10 or-gani%e o Wales iyide tour, which saiv us visit eight diffe¥¢LI locatioi pioviding oppor-tuiiity for 23 attisi8 to to u cornbiticd audicD¢c of ov¢r 900 pcoplc. Fiiially, The Greal Escgpe is widely seen as die UK'S fore]nosl rtiii%ic sliowcug¢ festival for new alld enierging 8t1i515. Welsh ¥rti$ly have li￿(￿110￿￿]1Y 51rugglcrt ith mAke IE 11 Iiiipoct we were keen lu aildttss this IIiToiigb sUp￿rI ond netwttuiiiti¢$ the wider music 5ect(K. Workit)g in partnership willi creati￿ Wales aiid the BBC'S Hortzon's piojecl wi $Mged a W¢15h sbowcase eveDi for foiii emeiging W¢tsh arlisls al a central vetllle wiiliiTh Ilie festival. P88e 2

Clivb Ifor Bacb Triistees, Report eMpitAI Re¢lev¢lopnxint PYol¢ct Utsfoiluoalely UIE empillll rcdev¢lopin¢J project 1.8 ciwret)fiy al a p4itse diie to tEJndin8 Is4iies. We had be¢D approvcd to apply for rlie Con]munity Ownetship Fulld and were due 10 511bmii oul. application lo the 2nd Window ol'Round 4. How#vttr ¥ rttsull of ttJ¢ Ob'n-¥1￿1 EleL'IiDn bting L#ll¢d.jii¥l PTIUI lo Ibe UPLDin¥ lh¥ ppliiaiioti window il wtsy aii-noiinc¢d Ihal Ibete wwld be (Illil￿ Uvrrts￿lJdtllC¢ froin Ihe fimd iintil after the elec-lion. Fiirtlier updates dd nol eonie ui)til late Decettibcr 2024 whcTC it was cojttinjied ihst the lthd en dO￿￿L As £ rttull one (Trf fimdin.q t3rBels nTr IrAw¢f %ivailable 10 us, makiiig il veiy (lifficllll k) i)mceed wilh tlie pmjecl in tiE lwrre￿t fnmi. We gTe n(>w lank1nB lo See wlwt i)Ilier options are i)I)eii io ils wilb regard to the capital re-developmeni projttl. Piiblie Tlit Iru%tec8 ci>nliriv that they liave coniplied ￿117 Ilie requirem¢nL% nf %eL'l¢()n 17 Dt Ilie Ch#rili￿ Act 21)1 I t have due regard 10 th¢ publi¢ beoefEt guiclaiiee piiblished by the Chatity comi￿]SSiO￿ for[￿gland alld Wales. FIDthn¢l￿I i'evlL'IV 2024 proved lo b¢ a L.hMlleIJ¥]n￿ y¢41 fvi we k¢y ui¥u¥ vf uur ilLDVily iindu T￿[rOmi1￿g L)vei Ib¥ ¢ourse of tbe first hair of tbe ye4r. With Teservts alrc&dy low followill8 oiir tiJvesfinEnl into Ihc pro￿78¢d redevelopin¢llt the Boar(I took a iwagllatic approa¢li to reduce overheiids leadiog illto the wilet Siljljllier t[￿lThg period. Work w8s dorle oll oiir pro8rhtsJ]t)ing lo both add￿%5 Ibe 1ssu¢s idcnlified nnd ijiiprove tho Ell￿nCial perforn)aiiL¢ of the busiiitts a5 a ivliole. These ill&isiires ciisiircd tknat we ie(ained sufticicnt cashflow lo n)anage our exEKndiMre until Ilic Au-lumTr SincL much ofour biuplus is generaled diiting Ihis peiiod ive wei¢ ¢oAfJdelll we'd b¢ abl¢ to olthi¥ back tli¢ sliortlall aiid fjllisl) tlie yeai. clo$¥ to Our Olj8iiial forccllst. tjtial ffjiaiter ot'd y¢w sittpdsscd our ¢K￿ClaI￿oi)S &nd Jn¢anl our over811 ftet 5Utplu$ for tbe ye￿. was ODly £IO,OQO b¢low thir fo¥eLth51ed target. R¢$ti'icted fiinth foi. tlie year ate split acrosg Teveiiue attd ¢apilkl projeels &s folloivs.. Reveiiue Fundii18 . Welgb GovernintJi¢- Dydd Miwsig Cymi Tour . Cardiff Cwiicil-. %wn Eiestival I Sthi Connect I Caidiff Miisic City Fc8tivul 4 Arts Council ot'W•les." Tlieoiy of ￿ll￿ge lknject CapitEI1 Fuliding • No cJpiial tiindins wfis ￿¢¢Eyed dunng 2024 C'I￿ri1Y Clwb ttor Bach CIO coiilittiTed to invest iii oiir puFpose did so withiii * eonirolled luJanci81 gnd operational fi?meivoik, whi181 meetiiig the expeLtations of our audiences, slakehol(kt5 fijnders alik& Trad￿g As outlincd abuvc Itading cot￿LtiOn8 w¢r¢ klow fore¢&st diiring the fji$l balt'of tli¢ y¢ar. r¢5111ting iti Ilie Board ilting ￿e￿u[e5 in plllce to Tediice OUT oyeihtllds lo rÈifjtl48e ex-penditure. Howrver. finul four Jnonlh exceeded &xpeclali0115, etkiblii)g us lo fllii8h the y¢ar close lo our fore¢4sted Del Surp1￿ for the ￿TjOd. C.otsdilion8 Jre 4lill tougb a$ a resull of t]￿ OEW)MJg roll of livillg erisis bul hThve maiia8td to the year with 4111 iucThse itt Ol￿ reseNe8 positjQlJ. nd ns we nre able lo Dwve ifilo 2U25 on A slroager f￿Al￿￿1[ footiJ]g comptsred to 12 inonth5 J80. Overhcads Core expendittw¢ Wlls cjoscly Jnonitored and well conlrolled with 30ffte ODgoing $avirt8s Ihroughoiil th¢ y¢ar we took evcry opportUDity foi. supporl as provided by all IlLe vari-oms government s¢li¢m¢s &TJd itiitiatives, to reduc¢ costs li&bilities.

ClTrvb Ifor Bach TA'iis¢ee8' Report Pullcy re&Éms The piiryose of tbe ￿H￿StrIct￿ fiind is lo provide tuiids for the day-to-day Ninllu]g of the chority. SIM>uld a defi¢it b¢ &¢hieved oli * 4)￿irIG project. a traI￿r¢[ of fiinds wdi ￿ L)&de from Ilit UllLEstrirt¢d fuIids lo covcr the deficit. Plos for fulure péi.lo(is Aiiiis kÉJr objeeliiyvsforfiiliir¥p¢riorfs We LoiiliAii¢ lo tti¢us on Ibe fi)llowing cotc are￿S of business.. Clwb Ifol Bach Clwb Ifor Illlch, the Vllliie, reiithiJJ$ al Ike coi¢ of the orgatiisation's Dctivity with th¢ ma-jority of our output iakii)8 plncc witbiti tlle swees civailnble. Toimgl Fesliv415 I Prggr&inmill¢ Tourtng niid ptogrnmii)ing events oulsitl¢ Clwb Iltii Bach contillues to be a %liollg llTPb of busill¢ss' eD&bliuE IIS to I1￿7]L￿1￿ a lOi￿cr tclni Fclalionship with Jcw and ull￿gillE art-ists N8 Ihcy bui]d dicit &vdi¢llcc iTr Wlllc4 sttejwlien TelaliDiis]llp with ¢KienMI partlleis wiihiTr the crLliv¢ sccloT increase upportLilliti¢8 for those looking to gBin R f(x)Ibold in (he indLiStry as th¢y pro8Tess iti their Cureer. Chyb Music W¢ plqn io build on th¢ work done IQ Strength￿1 wr uigagem¢J)t V4ilh tbe wid¢r ijwsiG 5cclor, ll￿vroV¢ the IIIUblL jrtd1i￿ry Inf[￿true￿Ire in wal￿ iticxe&8¢ engageinent ￿ld opporliiniliEs for We18b ortisls. Sknlls Devebpment We are kJokin8 to Cr￿t¢ Jiiore 01)poriullilie5. ond d¢velop more parlne¥ships to increase ¢nga#ement with the 5e¢ior- borh on and oll'the 51age. R¢f¢Twi£t AdiL)in15ty#tive Dltalls Charity Regisli￿tiOn Nwnb¢i': R¢wslcrcd OffJcB'. 1186136 I I Woni¥nby Strcct Cardift CFIQ IBR Auditor.. H8J Audi¢ Liinited Siaiiitory Aiiditor Severn l.lollse Hazcll Drive Newpi)lll Soiith Wal NPIO 8FY BALk¢rs.' Natwe6t Naiwest 96 Queth Slteel CDrditf LVIO 2GII Page 4

Clwb Ifor Triistees, Report Trusl¢45 ￿￿]CerS tlilstses officers seNfftg dutsllg th¢ ye￿. alld sknce yellrend were as follows.. TrLE8tee8.' Mr 8 Tuthir Icliaii) Ms L Squire MrA Blliol Ms T MaTsII Ms L Price M Phipps Ms L Flerde L R()ger8 (re8i8ned (J4.12.21)241 Seoior Manageffleni / Leadersljip Tedm.. MrG Bryclw]- Clief Execulive MrA Williams~ Head of Miisic Strnctll￿j governince Trnd mAD4genJeDt NfjiUFÈ ofgoi￿rnItr¥ rfocuiheAI Th¢ diarity is conltDlled hy irs, governiiig documeDt, a foundiition colisliluliok, and ib de.fiDed as a Cknrii4bl¢ Iii¢oiporaied OrganÈs¢ltioii and rc8isleied witli Ilie Cljarilies Cnni-InÈ3%ion 5itt¢c the 4111 olNovei)th¢1' 2019. Worknllg J]ame of tk Charily The WOTkillg tthme of the Charity is Clivb Et(Jr B4th. Re¢riilthttHt uiill uppoiiiliNeNloffrM¥lE¢5 New Inistees are¢l¢cied bythe accordi4 llce with the charity's goVern￿g thunjent. INdii¢rtOA NNdmiliilNg offv151¢e$ Th¢ policy of Clwb ifor Bocli CIO is to prtjvidc cacli o¢iv t￿￿tce %vilb a copy uf th¢ ChArity Comrni5SIOIi dociiJnettt'The Il£%poLsible I'Nstee' and io provjde backEroulld itifo1n￿ll0ll about the work orihe ChBiity at art irLdu¢lion sessioii. TTusle¥5 47re also ¢ncoiirfi8ed io revieiv prior dowmenls, buswe5$ developl￿¢￿t platts, encouraged lo ati¢nd tr&iThing cv¢Trrs aboul clmiity gov¢JniW. P&8e 5

Clwb Ifor Bach Ti'iistees, Report OrgrtnlsrtlithiNI slviitiiirÉ 'rhe Til￿tee8 ale te8]x)n3ible for tlie aff8irs ofthe chatity. In particiilar they decide th¢ 5tiale8ic dirL'clioK of the ClTraiiry I11d ¢iisur¢ diat it is solveijl, well-run aiid fijllils tbe al￿$ of ¢lie Chatity. TJi¢y d¢l¢gnte day-ttr-day OPL'r£itiOJJs ￿ld 4L£livilies lo ihe Clu¢f Excciitjve Officer oiid S¥iiior MnttuBelll￿I teDJu W]re there 18 a project of si¥nificthil scale oi ri8k s with 11)e on8Diiig capilal proj¢cl - they ¢#ke pl￿f￿S1onaL adi'ice, jD¢ludi]Jg cmploying exp¢riellcd cotssiillaiiL8 nd otb¢rspetialsxls to eJNire Ilut Tisks IOinSlnjSL'd and th¢ b¢st potsryible result foi the Cliariry is aChI￿¢d. Ilieir ro]e fis ewk>yers 1$ 81$0 lak￿ 8eriou$ly iiine is L>ver to ¢DSlSte Lurnpliallie within All ufunploynKiil luiy. Sloff seek lo iinpltJn¢tst the ownis•tioJJ s busine5& plall CULr¢ntly in plllee l￿d report on pro8re8S on u regular b&gjS to Ilie BoaTd. Regular finHnci&l r¢por(s are provided 10 the Board when iequited, coJi$iiltlliiis' repoils Te Ll)nimi%sii)n¢d. 'I'he IIoTrTd aTriiroved a praceduTC for an[1￿ aiid nlherDaymenl$ and Illi.% ss impleinenled by the Tech-nical Manager. Headof Mus5c uiid CEO. M￿J￿r rlsk5 tsl11105e risks The major ri$ks to which the orgattisiiti￿l is ¢xpoy¢d, as idethtilied by tl)e TnJ51ees. have been rcvaewed gyslellts ittLpleni¥nled Io Ttilli￿l(L ihti5L fEsk¥. JnsiiiagewL￿I vl liisli tlvw Ilie perithl tuwiDed pixority aiid de&pil¢ Ihe ¥I￿llengeS creditors were TrTrid wh¢LI du¢. L'oie Losts iv¢ge w¢ll CObilroll¢d thtouxhuul the year alld sysieJJJs esl%ibliqhed lo niatkM8e risk The hiL8ine8% iiitsdel always pre-suppo%ed an expatision of gctivity tsul%ide of the bllildEng ind t1￿ CTR staff nm¥ Iwve sy81e￿$ well tslablislicd lon)aiMge eveois &cr08s WHl¢s. Aldiough this has yroyided 8rowilL it also COllL¢S will) risk aud tliis biis btwi [￿tell by Tiusl¢¢s. stileiii¢ttt of Ti'ustees, Resp{￿sibIlItI¢¥ The tnLslees L)f L'lwb Ifor B￿11 are responsible tor pr¢potin8 the tNstees' r¢porl Ibe finfirtcial stakni¢nts in accordance Ivit￿ the UD2¢ed KIn￿d0111 Ac¢oiinii#g Stalld￿rdS (Uluted Kingdoin G￿ter4]lY Accepted Aceoiinling Fri¢¢icel 8pplic8ble law Bnd i¢giilatiOiF8. CJMrity l￿W requi1&4 ilie ttuslccs 10 prepare financial 8tal¢mellf% for eacb financial yea¥. Und¢r chhtily law Ilie tn151c¢s ￿l￿st iioi Lpprov¢ IIL¢ fiLiJncittl sluttiiiajls iiiiless diey 5tilisli¢d tliot tiiey give a tnie arid fair view Df tb¢ $tftt¢ OrlllTai￿ ullliL clinrity and of ils 1￿COlli1￿g rc4ouTCC5 and application ot'rc$ourc¢s, includi￿g its incoii)c an4J ¢Kpesditure. for th&1 peFiod. Iii piet>ariiigtli¢Èe ttn5mcial slaleAienis, the tnislees art required to.. selecl suilnble a¢¢oiinti￿po1icl¢$ 9nd apply Ihen] consisieAdy' obs¢ive the illetliods uiid PTiiiciplcs ill the Charilies SOIIP. illllke judgeillents #Dd estiillates Ilial nte re￿I50￿&ble alldprudeDI', stalc wkneiher applicabl¢ UK A¢tounlitEg StanthTds ithve been followed. subjeei to m8teiial d¢￿rtUreS disrlosed ¢xplailled in Ilie financial 51filenK￿ts- und pr¢paTC Ibc fiLan¢i41 slalc]M¢nls on the gokllg Collecnj bR8iS iilllt3$ It is irt&pproprialc ¢D prcsutnc Ihftl thc I%￿11able company wi]1 contitiiie in bu8lliess. Tlie li￿81eel Jre re8pI)n%ihle tiir keeping sdequ&le gccounting recrird8 Ilillt ate u￿￿le17￿ to %lK>W explain the cIMiity'5 ITri￿clI0nS and dis¢lose with ￿￿5￿n￿7ble a¢curacy al ally liDi¢ ik finojcial posilioJL of the ¢lthriry Ihern Iv ¢nsut¥ Ihul Ili¢ fis]un¥idl githigiuenls Li)mply IIK Cli￿111￿5 ALI 2011. Tl*y IILW 5poAsible tor ￿EBU￿[al￿8 tbe ass¢15 ol the cbarity and li￿¢¢ toi tskitig N'asoDable sleys for the preventloll d dclc¢tiotL of frhud und other irrcgularilic& Page 6

Clwb Ifoi. Bach Triistees, Repoi't DS$closur¢ oliThtormthth)n to au(It¢or Efich Inistee Iiik4 lak¢n steps Ihtht tli¢y ought to knve thken us ll Irkk81¢¢ in order 10 iDoke dioniselves llware ol Ethy relevan¢ 4iudil i￿0[5￿&1i0ll thtt(q to eslablish thal Ihe Lbarityl auditor is 4Lwore of Ihat infotTtwtioll. ThL trustees confmii tl)Eil Ihere is JK> relcvaE]l inloTtiiaiioll t]￿1 they know ot'thlld ol'wljicb they know the *uditor is iiiKYivRre. The annunl rq)orl wa5 appmv¢d by the truslets of the Clitirity OD 29 Seplc]nl)Er 2025 aDd siglled Dll 115 behmifby.. (Chair) Cltainiwji alld Tru5kc Pase 7

Clivb Ifor Bach Independent Auditoi s Report to tbe Members of Clwb Ifor Bach Oplnlon We hllve lludiled the fjiianci￿I 51LreJlleiits of Clwb Ifor Ba¢lE Iih¢'rlLg¥ity') for the year ¢nded 31 Deceniber 2024, whiL,li ¢oJnprise Stuleni￿It of Financial A¢livili¢s, Balance Sheet. stsiemeiil ot'easli l?low8. and Note5 to the riui4willl %lateinenls. i}￿ll7dli￿ a guillinury OÈ. sigtiilieattt accoiintiiig policies. 'fhe lin4￿￿￿[ worting fra￿￿￿Ork thoi has b¢¢ti swlied in their PTeparo1iun is Uniied ttittBdO￿ Accoiinlirtg sthndar<￿ cojnpiising Chaiflies SOiiP- FRS 102'The flliaJKi%il Repoilithg %laDdard applicable itt Ilic UK and Repiiblie of Ireland. and applicuble Iilw ￿ttlIed Kingdolli G¢ii¢rollyAccepted Accoujjting Practice). In OLJT opinion th¢ finllJK'i&l sithlejneiits.. give a trLEE It￿ fair view of the 51aie ofikne ¢lwitVs aftsirs as ttl 31 tkc¢Lnb¢r 2024 and of its inco]llillg t¢soutCe5 uppli¢atioi) of Tesourtes, iniludiiig ils ￿¢0])￿¢ ¢xpeJid%lwt, fortlE¢ ycar tlieii ellded.. hRve beets properly pNpar¢d irA accttrdkttee with Ujjiled Kijigdoni Genernlly Attwed Ac¢ounliEg Prn¢iiQ4 buv¢ beeThprep¥r¢d iii aLLutdanL¥ iviih thi. r¢quiremthis ofibl Cl￿nI1¢S ALI 201 B&515 for oplniDA W¢ ¢onducled our audit in n￿or￿a￿¢t iviih Internttlional Staithid5 oji Audiling (UK} IISAS (UK)) and appli¢&ble knw. ￿lT resyonsibilili¢$ iiiider thos¢ sknidllrds llre fiiriber deqcribed in the oiidilorreswThyibiliti¢s for the iiudil of tlie flliallcial slAtemenis seclioi) of Lxir report. We are independtnl ol. the chfirity in gCCQTdgnce tvit]I Ihe ethiLhl rencern ￿Te d¢¥crib¢d in tile ItlevBnl seeliiit18 llt'lbis ieptjrt. Other Informatio Tli¢ It￿81et& are w8￿￿$1￿]e fr>T the nllier iiifi)nnalion. The ijlher intnrmaltnii cnrnpTl￿&9 tlie infoFmif tinn incliKled ID die QLttiioI report, other than ih¢ financial 51aleJntnl$ gnd alidi1￿'S report IlJ¢i¢oTr. Ow op¥Iiion (M tl ri￿nCilI1 biml¢rn¢tLls 4iue& Thol Ib¢ olher i¥rfDtnulivll eAL¢pI tv I1￿ ¥Kl¢nl i)Ih¥Twise expliLally sEuleLI i ir irport. iY¢ do i￿t express &ny lorjn of a5SEiraTrrE roncliLSiOll lll¢re￿. Ill COD2)eclioii iyilli oiii audil of t1￿ fini￿¢1￿1 sliL leJnent8, our responsibility is lo read th¢ othcr infonDlllioii ttnd, its douJB so. consider ivhether ibe other iDforJiigtion is maletially iiicnnsislelll iviil) li￿ financial slale]nLJkls 01 ur kiinwled8e nhlailleil in Ilie aiidil or niheThvi.%e appthrs t4) he inalerially If we identify such iiiateri41 LEKQtISl51¢ll¢i¢s ￿ app&reol maieilal niissi&i&neJ]Is. we ai¢ iequited to determine whetha. Ibere is a JwileTilll Tnibslalty￿￿gnl ID thg sisileniEnls ui ￿ tniiltrial uf infotmulion. Ir, vn Ihe work we liave p¢rforJJi¢d. ￿ r￿ClIlde that ibere is d iiMl¢rial n]is51tt1eJiithil of Iliis otlJ¢r iijfoiiimlio&], we are r¢qiiir¢d to rcpoTI Ilwl fact. We h&ve ]]olhittg to report izj thi5 re8krd. Page 8

ClTrvb Rfor Baeh IndependentAuditDr's Report to the Imembers of Clwb Ifor Beli Re$pthnslbi]itie5 of tiNstoes As ¢xplRined ￿llY lli tlie Statemcllt of 1'nistees' Responsibdities (sel oul on page 01, the ttL4$t¢¢$ are LfspoiJ8ibl¢ foi- th¢ ptL"par4tion of ltst fI]w￿l￿1 sliilellkryits Jiid toi- beiiig satisfied tljai iliey giv¢ a tni¢ aiid fyir vicw, Bnd ftsr ￿7¢h intcinal ¢onlrol os thc trLJSt¢cs d¥4¢nnitic is n¢¢¢ssEry to Gjiablc thc ptcpllralion of fmat]¢ial S(oieitte]]tg ditst &re free fronJ nTral¢rial mksslnlettllt. whetlier diie lo fraiTd orerroi. pi£pariJEg the lIDanci￿[ ¥i&trnient& the I￿￿t¢S are leSPOL15ible foi assessivjg Ihe chaiity8 ￿￿￿llY lo conlinu¢ as ¢onLem, disclosing, as applicabk, mauers relared to going eoncetll %illd ilSiLg thB going coiiLExn IMSIS of llceowiling unless thc tnE81tes ¢ith¢r inlelld to liqiiidale Ihe chrity oi" to ctasc OP¢Tnlious, OT IEov¢ no reDIisii h]leinoliYe but to do so. Audltor responslbllltles for the aLuIIIt oftho fillthncthl 5thtem¢Dts OUT obj£cri￿S l£re lo oblaits reasonable as¥urartee #bout ivhelher the fittancial slal¢llKnts 85 8 whole nrt free Iro]n material mssslalemenl, M.helheT due lo frillTd or error. Jlld to issiie aiidiloi s rep)rt that incliides oiii oplliioJ]. Rea%￿￿ble assurdttee is a hi8b levcl of assurANY, bui is Bul￿nIee liial an aiidit condi1#t￿ i accordance isith ISA$ tUKI will always delc¢i h li1￿le[la1 Enissialenieni when it c￿St5. MÉsslat¢i])¢nis can orise rrom frniid or erÉor ay¢ coosidered i￿￿terial it., ifftdividually or in tbc agsrc8alc, Ib¢y could r¢ason￿bI}. be cxpccted to I[￿Ue]￿¢ the econoJni¢ (k¢isions ofusers ittk¢tt ott the bosis of these tinancinl sloten1￿}1S. 'Ilie exlthit kn wlitch our PTocedtsre¥ &re capai)Ic i)fdclecling itregulRriiie, incliiding fr&u(E 1$ detailed helr>w'. Ell￿1￿ry of liMnage￿ei1t alld Ilioic c]￿r8ed with gove¥nance aEtsW]d ictwl aod potential litigatioll GllliL115 as well ths ach￿1. svsp¢¢led rttsd alleged finud. • Reviuwillg miJ)ul¢s of Ineetings ot'lhose eI￿rg¢d with gov¢rnHnce' A5sessittE tlie exlenl of compliaiice ￿'Ith the laws allJ regulations ¢oJJsidered to have a d￿tI mftteri￿ll effecl on the fillallci&l slAlements or th¢ 0￿1￿110￿S of Ilie clltity Ihrough enquiry i114)e¢ll￿),' Revicivillg fioaiicial slntcEtteiil diwlogures te5tiTLg to Sup￿tU)￿ dwiiin¢ntatiLm to assess coDJpbance iiith applicable lttws alld r¢gidalions", lrfom)ing oudil iv()rf( ovcr Ihc iisk of Inwi￿scjllc￿t birts ovttiiidc of cfj1il￿lS, including tssliii8 of joijmlll eLitries aDd other adjiistfftellts foi. ￿PrOP[late1)e5s, evalualing the ￿lSInEsS ratiollal¢ of sigllifie#nt triiisu¢lionÈ oulsidc the noiijkil coiirse fil'hiisiness rcviewittg accoiiiititlg estin￿l￿ tor indiL'gtOFS ok'poletiliiil biE?S. Because of the iuher¢nt limiioiioDs of a1￿lL IhEI¢ 18 P tisk Ih4t w¢ will not detect all iTregulaiiiics. ill¢liLdi8 Ilios¢ l¢adtixg lo o iiiaterial m¥sslaieJJ]cnt in th¢ fiiianctal Stolen￿Trts or Don-coInpliall¢e wilh regulation. This risk in¢rettses the nwre iliot col￿P]In￿ce WLlh a law or regulation ig Tanoved from the even18 ond IrnI)saetio￿s retttLied in Ilie fil￿nCi&l slateieJ￿s, as wc ii'ill be less likely lo becoine EiwaT¢ of EDslances of tton4ompliatt￿. '1l]e iisk i)f nol detecting a iiisletiRI mis%liil¢llletii residtillg from fraiMI Is higTrier tI￿A for oiie resiillillg troni elror, as fraud mlly iovolve collusion, forg¢ry, inlentlODal QmiSSiODS, JlliSlfl)Itsen(aiio￿4 or the override of tL1let]￿I eontrol. A fiithr description of our respon8ibilities is ttvtsiknble on the FiiMTrciol liepoTliDg Coiincil's websi* aL' wwiv.fiL.ofB.ithlnudilor8iesponsibiliti¢g. This dcsenplion forms part of our auditor'5 t¢port. e9

Clwb Ifor Bach Independent Aiiditor's Report to the ML embers of Clwb Ifor Bfieh us￿ roport Our audit work has b¢¢n iindertgk¥i so tlwtwe ithigbt sltste lo th¢ cliDTity% tiiistees those Dillllers we ite rtquired to slate to Ihejn ID aliditor's report tor otiier ptw>ose. To Ilie fiillest extent pentiitted by knw, ￿ do nol C￿P1 01 I75sume responsibElity lo anyojic oib¢r Ihajj Ibc chaiilii ble coJLpally and ils trustees lls a body. lor our audit work. for tliis repoil. or for opiniDng we have foiined. Mi An(ITEiV Hrll FCCA ACA DChA BFI> (Senior Stanitory Auditor) Ful all(1 b<l]#ifufHSJ ALidil Limi1￿, Slalulory Aii(Jiiur SevemHouse Hazell Diive N£wyort Souili Wales NPIO 8FY l O¢ttsber2025 Page 10

Clivb Efor Bach Statement of FinAJltial Aetivities for the Ended 31 December 2024 (IncliidÉng Income and Expenditure Accollnt and Statemeiit of Total Reeognised Gxins nd L05ses) Uoi'estiicted Rcstrlcted funds 21124 Note Income EDdfflvm¢nts from.. Donalioils &iid legacies CharIt￿lbIe xlivilies Oth¢r income 471 1,643,346 164 471 1,827,229 183,883 Totsl iiicott 1.643,981 183.883 1,827 8&1 ExpethdltuY¢ on.. Ch8tilLible a¢livilie 1,596,639) IL67,051 11,763.690) rotal expendithre N¢t incoJ]e 'I'ransfcr8 bel￿￿1 fiilld$ IL.596,639 L67,051) 11.763.690 47.342 16,832 18,832 (yl.174 N¢t movenHii iii fi]Èths 28,-$10 35,664 &1,174 Recon¢lliatlon Tuttjl fiinds bruU￿( Toial CiE ¥ried forward 792,877 792,877 821,387 35,064 857,05È Pagell

Clwb Ifor Bfieh StAtemeiit of Finaneial Aetivities for tbe Year Ended 31 December 2024 (Itjcliiding Income 2nd Expenditure Aecollnt and Statemeiit of Total Recognised Gaiiis Md Losses) Uni'¢stract£d nd5 Re$trl¢ted funds Total 21J23 Note Incojno Ett(lowmellts fi￿￿. Donations atKI lekaeies Cli&iilithle acliviiies Other income 5,480 176,632 5,48U 1.168,788 4.0(K 1,692,156 Totsl iiicojne 1.696,156 182,112 1,878.268 Ewnditure un: c'han￿b]e acliYitleS {1.799,7361 1126,632) 11,Y26,368) Tothl e3peoditure 1.799.736 1126,632) 11.926,368) Nel (¢xp¢tLd1tUTeY￿tomt TraThsf¢r$ between fiillds (103,5801 55.480 55,480 (55,480 148,1001 Net lulllts 148,1001 (48.1001 R£Lon¢lllatlDn of funds Tutsi fiinds br(Juu]il forwur Tolal funds ¢)￿led fonvt)rd 840,977 840.977 20 792,877 792.877 A]1 of th¢ chpr%Wg Aelivilies derive froin Loulkniiing opentiotts di￿ljI8 the Above two peri(Kls. Tbc funth br¢akdowTh tor 2023 is 51iown in nol¢ 20. P￿e 12

Clwb Ifor BAch (Registration nllmber: ) BAlance Sheet as at 31 December 2024 2024 21J23 Note FiJod Assets llltsngible os8els TaThgible asse15 13 14.045 711211 723.733 n6.256 Currellt a55ets sio¢ks l)ebtars ea8h atb8Dk aod in h%￿d 15 18,375 118,615 138,426 275,416 19.029 65,155 120,579 204,763 CYeillttsr$'. Amounts fil lllng due iTrithin ye& 1142,0981 (118.1421 Net currtnt Mssety 133,318 66,621 N¢t A65ets 857,1)51 792.877 of th¢ ¢hnFity: R¢strir¢ed incom¢ funds Re%iricied thnds 35,664 Uni'e5trkttd In¢ome fullds u1￿¢S1rICttd lunds 821,187 792.877 Tot￿1 funds 20 7Y2,X77 TJi¢ fiJJan¢ial stat¢Jn¢nt8 pthges 11 to 29 were approved by the Inislee%. al￿ DuilioTiscd foT is51￿ on 29 Seplember 2025 fj]Ml $i￿ed on their behalf by.. Mrs iithjr (Chairl Ch&)im￿tt and Trnslee Pag¢ 13

Clwb Ifor Bach Statement of Cxsh Flows for the Yeai. Ended 31 Deeember 2024 2024 2123 Note c￿%b frthm tsDer8tlng #ctlvlti4 Net L'•sh illc0mel{¢%￿￿dI￿re) fy1,174 {48,1{￿) AdjM5tnJtnts to C95h floivs Trom ItpThs DepiEcialion A￿oltI￿tIOn 29,528 38.581 2.296 17.2231 95,801 Vorklng capllhl djustment$ Deciease lli sIoLks (tncrcaseydecrcase in debtors IncreAse in eieditots 15 16 654 14Q2 21.768 8,533 1$3,46111 42,292 Nel easji flows troin op¢ratirtg a¢tivAlses Cnsh I1￿1$ fro1 lttvest5Dg actiiities P￿¢1)￿8¢ of luL￿￿ble fixed asscls Purchase of lallgible fixed 8SSe Nei cash fy)wE (rom LtEVCs1ing activities 85,287 25,480 13 14 1747) 128,357 13.9841 2116.312 {29.1041 1210.2g()I CRsh llow5 from IlnanL4ng ￿£tIvItIeS Repay]nL'nl tsf loaDS and borrL)WingS Net locrea￿lIdecre8$cI ia cosh md Cash equivakllts L8 138,336 13&5981 17.847 (221,4141 343.993 uiid cash equivts]ents at l Jonuory Cash aThd ¢a5h ewiivalfflits tst 31 tk¢¢nthr 120,579 138,426 120,579 All of the cash tlows are dc1ivedfro1￿ conlirtuing operolioiis during the abovetwo p¢ii(Kls PAge 14

Clwb IfDr BAch Notes to the FinaiiciAI Statemeiits for the Ye#J' Ended 31 Decembei. 2024 I Cha14ty slatu 11]c Uddress of its i¢gistcred olTi¢¥ is.. I I w0￿￿bY Siteei Cardilf CFIO IBR 2 ALcountlDg pollcles Summory otslEnlfltADI rttcollntlng pollLlcs lind key tstlmAIts The principal accoullting ￿lICi¢S applied in Ili¢ prep￿0110￿ of thr5¢ SldlemeRts ate set out bEIow. These policie5 have beell ctsnsistenlly applitd to all the ycars presettied, unless dheiwise sltsied. StRtemLnt of Lompllallce The finAll¢i41 slaleEII¢Dls h&Y¢ ￿ell prepured ih llCCOFdoDce witii Ihe chgrity's gov¢rning d￿1￿¢￿1. tb¢ Cb4riti¢s Aei 2011, FRS 102 '￿]￿e Finatteitil Repoiltng Standi&rd ￿ppliCable in the UK [￿0 RepubltL ol JrelAnd" ( FRS 1020) Ui< ChaTilies SORP "AcLuunlittg dnd RepoiliTJB by Cl￿nIte$. SL'ile]]]eiil ol. Reco[n￿Ended Pinc(ice 8pplicablc lo cbaritics prcpariog tliekr accounts in a££ord￿7cC with thc Finallcial Rcporting Stalldai'd ai)plicablc the UK alld Repiiblic ot'lrelaDd IFRS 1021" (eft¢Llive l Jattiiary 2019). The Lharity is a Pubb"c Benefit Etttity s defined by fRS 102. Basis of pi'cpni'atLOII The finAtscial slalemeDls have dewrted froill the Clwities IAc¢oiints ond Reports) Kegiilaljoris 2008 only to the exlenl required to piovide li Itue a￿1 fait vieiv. Tliis depathire ha% iiivolv¢d followin8 the Slalemettl of Rfcothiioended PiatlÈee tor cl￿rI￿e$ *pplyitig FRS 102 rather thatt Ihe vetsioii ot. the Stotement ot. Rec4)llirr£Dd￿ Praciice which is refcned 10 in the Regulation8 biat which IJ&8 8ince beeD withdrawn. The finan¢ial stalc]n¢nts Imi'c becrt pr¢p￿re& i￿atr Ik¢ hisloiical cost convention. The principal nc¢ounting policies odoplcd or¢ scl out ixlow. The filllltici￿l Ethteinent8 are Jweptsrcd in sleding. wliicli 1$ t1￿ fun¢l¢oiial currency of Uie cknrity. Mtsiie¢ary

mounts irt th¢$¢ fitsin¢Yal slatenienrs Iwe Tolinded io rhe Dea￿t £

Golng eoDcern Al Ihc liine of &pi>rowng Ihe fJrÈAiick%J] 8tatellEnts. the trustees have n reasollable expecthtion thai Ilie chariry has ttdeqiiaie r¢S￿7r¢¢5 lo ¢onlinue itt opernlionl¢ l existeWB for tile for¢s¢eable fiittire. Tlius th¢ trustee8 c0lltitt1￿ Io dopt the gotrtg conc￿1 bllqi£ of ¢Kcounling in prepartng I1￿ financidl 51atetKenls. Page15

Clivb Ifor Bach Note5 to the Finallcixl Statements foi. the Yer Ended JI Decembei. 2024 Judg¢m¢Dts the opplication of Ibe cb&Tiils ac¢ouAIEll8 policies, Ibe trustees are r¢qMiKed lo judg¢Dienl$. estiinates and hsswjjpliolli nboui I1￿ ctitryjll8 a￿K￿l￿1 of a8sels aiid liabilili¢s Ihat llol tedily apparcnt fronk oihe source& The estillMILs sso¢iated assumplions ate bosed on hi8laTical expcricnce other taclor5 dJAt aTe considered lobe rL'levanl. A¢iual Eesu115 iNy diffcr these estimates. The ¢4tiinales and iindei'lying assiimplions are i'evi¢wcd oj) ali oiigoiDg basis. R¢￿s1ol￿ to accouttting es1iJnal aEe reeo8Jii8ed in the p¢tiod in wliicji tli¢ ¢%timthle is revised ￿)ere the i¢visioTh atYe¢ts only tknt petsod. or ID the periLxI olih¢ Tevisioll atsd filti1￿ pcnodswhet¢ tILe revision affeLts boihciirrthi find fuiui¢ p¢iiods. ltttome and endowments IntoJJJe is rL'cogttis¢(I w11￿ ilie Lhaiily is legally enlilled to Il aller ally ￿[for1￿&￿e conditiDns bave knets me¢ Ihe ainounls can b¢ n]eo￿￿ed reliably. and li ￿ probableth¥t ittcome will b¢ received. l)oHfjlioNts Iri￿legaC1 Cash dtsjthlions are iecogoised on teeeipl. 011￿[ dollE)tions gre Tecognised I]￿ ehrtrity has been ttotitied ot. the dOI￿liOn. unlcss pertorJ])￿¢ ¢oNiitiotts reqiiire (k(¢￿41 ofihe amoujll. CIMKIS r¢ceivrtble Illcojlle fiom gThDts, wliether 'cai)ilaY grants or revellue, gnJJl& is reeoÈDised when Ihe charity hgs etslitlemeTJI io Ihe liiii&s, Any ￿[tO￿￿￿nee cunditioiis ittgcbed lo llie graiits lJav¢ been meL il is pr()bable tllal Ihc it￿sne will b¢ i¢¢¢ived alld the uwoutjt cali t)e njeasiired rcliably a￿4 is ttoi dcfuTed. C(IpiiiI granls aTe tel￿Sed to the StaletAeiii of Finaucial Aclivilic5 in die ye&r of terelpt. Fixed as5e15 rtkiliug lo capiial Ernnt% are capilalis¢d, depreciEilion ¢harged is offsct o8all￿¢ th¢ wt incom¢, in a restricted fu￿1. ltteome frotn events is Tecogrtiaed al tbe dale lh¢ e￿Ilt tokes pknc¢. Maiuli fltDdirtg wh¢￿ d PWjLxI hds b¢¥n urLd¥rlttk¢n diL Lx)ndiliuIi Ihul Ihe ¥tonl fuiKiillu will h¥ malLli¢d by (utLLiillg fiom 1¢ GharilV5 res¢rve5 th¢ from tlie gtant futtd¢r 1$ showtt as r¢stTl¢ted inctsnK and ooly Ihr expe￿Illw￿ r¢¢l4irt)ed by tlie gniii lund¢r is slioivTh os re51ricled expclldiluT¢. That port of the project expenditt￿¢ whicli AS met by th¢ ch￿￿lY1S ifteluded withili vnrtstri¢ted eXpendi￿re. Expenditur¢ Expelldittve is recthgiiised once Ihere is ￿ leg￿] 4)r conslniclive obligalion 10 Irxn8tp.r e£ouniMic bcllclit lo • third party. kt is probable that R ITc111sfer ol¢¢ollomi¢ henefils will be reoillred in settlem¢Dr. &nd Ilic Hinount of th¢ ubliKJiiun Lttnb¢ ]D¢UbiiTe(I reliably. ExpBnditurc 13 cjossified by activity. Tlic Costs of ia¢h tKlivity arc made up of thE tolal of dtrcct costs ond 5h•red costs. illL'luding ￿1ppor1 eosts illvolyed in widerisking vaeli activity. Dirn¢t ¢osts ttttrilxitobl¢ to a $itsgle aelivity are alloculed dir¢¢tly lo Ilial 8cliirily. Shawd eosls whicli eottlnbute lo more than TJn¢ activity &rtd SiIPPQTI cthsls whE'¢h rtol alltiixilThble to fb single activity Hpportioned betweetj 11x05e aclivilies on a ba515 consistent the iise of res￿ir¢C8. Central staff costs are &lloc&*d on Ilie basi5 Qf lime sp￿lt. C051S associaieil wilb eYth)ts nt Ilie dat¢ al irfiidi tILe ev￿lt lakes place. Chnrilfflbl¢ ocilviiles F.Jpendilure chorilohle ￿cti￿lIe4 includes cfi%L8 Telfitiiig tth tlie fi]rthernnce of Ihe charity'% objectives Ls slaled in the Ituslee's report Ind the￿A$S0¢t￿ted 80PPtMI C08tS. Pfige 16

Clwb Ifor BAch Notes to the Flnallcial Statements foi. the YeAr Ended 31 Def ember 2024 SuppDtrt eosts Swpoit C03ts hllve been thllocoled Save[t￿￿tr Costs attd Oth￿ support. .%ome direei coyls hllve beett i.cclossif￿ to sw)p)rt costs iJ] lh¢ CUFrent year to belter iateel the underlying I￿lUte of the expendithEre. lthis chE?llBe in classili¢ation hlls no cl on the ovenll lintU￿.i￿l position kns bLetk njade lo enhance clarrty williin thc fmanc2&1 slace￿L'llty. GDv¢rJhallCe costs Govemallce costs conjpijse all costs involving piib]ic accoiiniabibty of thr cliarity il¥. co￿p]Iallce ivith Ltsulatithj alld good practice. Tfixation Thc ￿lIarIty is ¢On5Ld￿cd lo ph8s thc tcst5 5¢t oiit iu Pllragraph I Schcdillc 6 of tbc FinfjJJc¢ Act 2010 Ih¢reforc il die dcfiwlion of a cliarilablc company fow UK Co4￿[ation Lix purposes. A¢¢oTdillgly. Ili¢ d￿rilY is polenlially exvnipl froo) ta¥#tiott iTr respeel of tllcome or cai)ithl received wilhuj cate¥tiriets covered by aiaplcr 3 1.arl I l of UJC Coryoiaiioft T4x kKt¢ 2010 <)r Seclioj) 256 of the Tuxation ol-cliargeable fjains Act 1992. to tbe exlenl tha¢ 51th iticoillc or gains are appli¢dex¢lusively Èo cbariMblepury)oses. Goodwill Fq1Te5e￿Es d]c ¢xc¢ss of tlie cost of acqiLlSltioll of iilliiicorpoxated busille5ses OV￿ Ib¢ ¥￿11 of li nSSClS at4uircd. It iniliully ifLY>gllis1'd as 8Ji ats￿t at cost is $tsb5C4iicllily Jlltasured at ¢081 Icss L￿m￿l(¢1ed amortl811ion ¥iid gccurnulated ijnpaimicnl Ios8cs. lioodwill shfiu k co￿81dered to have a flliil¢ usefiil ]ife, and81￿1[ be &UK)itisd otLa 5yStetnatic basis over its life, ￿l￿g 10 Ye￿ froLn2018. lknta]Jglble a55ets langibk &s%el% bcqiiired separately from a bu9iness are recoEnised ul cost &nd are subsequtTltly Iniosured al costI¢s5 4c¢uimiiated Aiiionisatsoll acciimulaied imP£iineiil loss&i. Inthngiblc tssscls oequircd OD busillc$5 coittbillalioLS rwogoi8¢d 8¢paratcly fioill goodwill al IiK ¢qui¥ilion d&le where it is piubable Ihat t]1¢ ¢xpecttd ftItt￿e econotnic benefJl% that are atitibutable lo the dssel will ftoiv lo the tlllity Ili¢ fwr value oftlie c?8sel can be Eueawired r¢liRbly. the ititangible asset nri%es from conlraLlual OT other leg41 lights; and the iIiiangible a88et 18 S¢PRrable frolli ttL¢ elliiry. T4nglbl¢ ¥¥¥et [ndivid￿￿1 fLx¢d us¥els LuxIiDK £I,(KM).00 or Utr iTrililllly tWTded ul ￿￿1, less Hlly siib5¢qu¢nl HL¥urniilalrd deprcciftlion s￿bSequ¢nI llccuinululed impAiThneiil losses. Costs ineiirr&l lo thte a550ciated with the redevelopment Project thki meei the cril¢Tia lo be capi¢alis¢d ur¢ clossified withiii ts1]￿blE fi%ed Assets alld are not depreeillted. The gakll QE10$5 aTISittE on d)e disposal of aThass¢1 is deleniiined as the dsfference brI￿re￿ the S1£ le PT(￿eedS 8Ld the ca￿Ja8 Val￿ of ljje asseo and is recoDhised in the statement orrJDaTrcial aclivilieg. Ainortlsatlon Am0rtisali￿ is provided on iEiiangil)k fLxed a85els so us lo write off Ik cost, le85 aiiy cstilniited irsi(knI VAIu¢. ver llieir ¢xycclcd iL%¢lul icoRioJiiiL lite as follows.. Page 17

Clwb Ifoi. IIAch Notes to the FinancKRI Statements fov the Year Ei nded 31 December 2024 Ass¢1 d?s5 Website A¥wrtisatiom wfhod and rTrte 3 yeats slrajgbt line D0preci￿ti￿n ond AmortIS￿t￿o Dfpreciation is provided on lan8Lbl¢ fiKed sgsels $0 to writ¢ off tFL¢ ¢OSt or val￿4101￿ less any ¢stinuted Te5idu81 valiie, Dyer theirexpected useful ecoAtimit life #s follows.. As%et tlASS Fr¢¢liokl woi)Erty PlÈlll and equipment F]xttLT￿ 4iid fittings Computers DtprecbLtloii mtthod i'thlt 2Yo SttJl8lit line 250/0 rediici1￿g bal8ttce 25% reducing balance 25QAIEducin8 lrnp¥iiTront rf fixed asset5 Al each rcpurfing cnd dale, Ihc clthrity rtview$ Ihc ¢arrying ELniounls of ils knigiblt attd ill1￿£￿1 le assels to dclthiiillc ivhcthcr is any indi￿lEOll thai thosc aLs¢ts have suffcrcd imp4itrtn¢tti loss. If any sucli indicaliun exists, Ihc recoverabje B]nounl of the nssel i5 e51im&led itl ordet lo deterniine Ibe exlellt of ibe iiwAit]llent Ioss lif any). stock st￿ks are stated at the lower of cos1 attd ¢slim41ed selling pil¢¢ less c￿lS ID collJpLele d￿j selL Cost comprise8 ditecl Th￿1￿1￿15. ￿ld, WI￿1¢ ai)i)licablL, diic¥l labotir ¢os15 &iid Illi￿￿ ovtilieads tiial I￿ve knIi iiicuned ill bringittg ttLe sloLk$ lo tkn prescnl loc&lion and ¢oiidilion. Ilcms hcld tor dislributiorn al no or nomittal consid￿lI10n are mellsiixed the of re •LMient cost cost. Netrealisable value is th¢ G8tiit]aled 5¢11ing price l¢ss all ¢5tlln1c Costs of compleiiott and costs to be sncurted i￿￿arke1]ng. sclliDg and dislTibuiion. Trlldc debI￿r Trhd¢ dibtors ale ojiiwjits due froiii Gu5tou>eTS br mercliaodi$¢ wld 5¢LVI￿S ￿rfor111td in th¢ ordill4ry coiirs¢ of busiiie$5. Trhde debiots are ieeo8lll5ed illiiially at the IraDsaction prtce. They are ￿lbSeQUe￿IlY ]ne8sured at 8mOtlised tosl I￿ll)g Ibe eftective ijilerest Jnethod, lesy prov￿1￿￿ for iniptiirmenl. A piovi5ioll foi Ilie lll]pairEnenl OL trade dcblors 18 establisbcd whell Ihete Is objective evide￿￿ that tlLe ch&tity will not b¢ abLe lo collect all di roidiii& lo tli¢ Drsgillal tetin5 of tjie Feceivabltty. Cash ¢(iuivyl¢ll¢ Cth L'w.¥h <(Ivii'#lenl¥ inLlud¢ in hlliiiL d¥p￿11¥ ]￿Id JI ¥ll willi buiJk¥ vth¢r yhurt-Lu]n liqui inv¢slniils with prigiiial in&utities of three ttM)ttths or lesJ, alld battk overdTrft%. Bttsk overdi￿1ft5 are sknwa WEiliin boLYowinga ui Cillleni liubilities. PAge 18

Clivb Ilor Baeli f4Dtes to the Fillancial Statements for the Ye#i' Ended 31 December 2024 Trfide ¢reditOTS Trnde creditors are obli8gtions lo pay for goods 01 services tknt I￿ve &cquired irt ordÈll&ry COU￿ ot bu5illigs ti'om suppliers. AetounL8 pay4bl¢ ure clussified as eurrent liabilities if Ihe cbarity does ttot have IineondiliollAI tiBlIl. al UIL eiid ot t1￿ reporlixg period, lo deter seltlei])ent ot. the ¢redilor tor at least livelve iotEllis after t1￿ reporting date. If llieie is ullcoll(liliollal i"iglil to detcr settl¢m¢lll foi It le8t twelv¢ mnth5 aftei the it￿)111￿g dale, they prt¥¢nied as non-Cv￿cnt liabililie TrAde ¢ttdiiors hre r￿oguis¢d initilllly at the trwjsnction priee nd sttbsequeiiily Mea$￿£d ut omorti%ed co31 Ugjtjg tile effecknve inieTCSt method. Borrowlngs Inlerest.bearing bO￿Ow117gs are inibally LE¢oTded ￿t vjliie. nel of trattsa¢lion costs. Inleiest.beayi]J8 boffowillgs ate subseiJiieThily c&rried Bl cost, with Ibe drtTer¢llc¢ beNveen Ilie proceeds, iiel of transacuon coyl& alid rhe du¢ on ied¢tnplioii ￿1￿8 recO￿LSed as a cligrge lo the Slaletllenl of Finoocial Activiti& overihe pcritsd of the rcl¢vanl boitowing. Inleiesl cxpeL8e is recognised on the bJsi5 of th¢ ¢ff¢clive ititc￿St rnethod and 15 inLlu(kd iu interE51 pyable Artd simlk)r ch￿￿eS. Bu￿￿WI￿¥S ui¢ ilMsyifwJ u L'wrenl liabililits ullIL￿ Ihv ihJrily URLvndilivnul Tighi kn ￿.1¢[ s¢iilttm¢nt ur 1¢ liabilily for at least tw¢lv¢ lllonlis after Ibe repodittg date. Fuod strUct￿l.t un￿51[iC1¢d fuTMls ttre Thvailoble for Qt the dis¢reli(tn of the t￿$(teS ill furlherance of their ¢knritobl¢ objcclivcs. Desiwjaled funds at¢ imresiricfed fiillds set aside for specific pury)08es at th dis¢raioft of the inL%iees. Rcslriclcd fimds arc subicLI to 5pc¢ific condilioJJ8 by th)llors a5 to Ihcy nmy bc u8cd. Thc purposcs alld of tli¢ i¢stri¢led fiLttds 4r¢ set out in thenotes lo the fmanctal sial¢Dl¢tkl8. Htre purch4se finthnce leAse5 RenlAls pnyable iiiidL'i' op¢rating lellses, incli￿￿8 any l¢as¢ ine¢nlives teeeivc4 are Charged ss 2xpeJJse ott 8ttai8ht line ba%1% i)ver the leFni of Ihe Televant le&%e. Penslons Aijil other post rotireinemt obliEartOJiS P&y]ii¢nt5 lo thfii)ed CQDErÉbulion ieiiretnelll benefit sch¢n)e$ ar¢ ¢h&rgedas expell8e as they fall due. FlTh4nti81 Instruments aussU7eail•n Thc charity I￿$ ¢le¢t¢d to apply tli¢ prov￿10￿.% of Section I I 'BaEic Fil￿nCial IL51nuERnts' and Scction 12'0tIKT FinTh¢iul ltt$tnuncnts Is5UeS' 4)f FRS 102 10 oll ot i18 fJnartcJ&l l￿31￿M¢ntr. Fill4iiciJl ijisttuniertts ore reco8Thised in the clwity'5 balance Sheet wlLai the charity bec01112s psty to the conblltliial provftsions al'lhe instru]nent. Fillancs#1 a55¢L8 llnd liabilili¢5 aTE offset, widi tbe net ￿￿oU￿Ls pre$enled irt the fllifincial st￿te￿¢￿ts, wbell Ih¢re is a I￿allY ¢nfoiceubl¢ rtglil 10 5¢1 off Il* recognised am01￿15 tiiue is 8JJ itileJktlQL) to s¢ttk Oll basis or to r¢&li5e the aysei alld settl¢ th¢ liAbilily simulthoeou51y. Pag¢ 19

Cl)wb IfDY Bath Notes to the Flnancial Statements for the Year Ended 31 December 2024 Basic flliallcial asKIS Basic fwttiicial asse￿ whidi iRcludc debLors and casli NJKI boi bolllnce4 ate iwlit)Ily illeasiired al trai￿aCtion prico illcludillg ttanshctiOII CO8ls and subsequenlly ¢n￿led al thinorlised c08t usittg th¢ ¢ff¢¢liwe iiileT¢St metlioÉl uoless the arrniigeuient c(￿stItuteS o fith)n¢illg Irausnclioll, wlieFe Ihe trrtsfjctioJJ is nasured at tlje ijresent vAliie ot. Ihe li￿lIrt receipts diseoiinted nt a mirkel imle ol. inlerest_ Firtli ncinl as8ets ¢I￿lIted as eivable withitj Olle year &r¢ llot amorri$ed. Basic fllMllcial ]iabililies Bfisic fJn&ncial liAbililiES, indiTdJn8 ¢r¢dilors und baDk loons are initi￿llY tecognised nt trnn5aclion priLe unless lh¢ %ittaDg¢m¢nt cottslilutes a fjiiancing 1vd]￿Lllon, Whe￿ Ilie debi instW2￿cJIt is L]WWted Ji the pteseIil value f Ihe tilture P41ymaitN di.4cDuiited t L Ma￿et rale of inlerc81. ￿'¥I18n¢T￿l litthililie% clll*sified as tAyahle wilhiii one year are not a￿OrtIsed. D¢bt1tt51nllnents are wbsequellily carried at oli11￿tIs¢d ¢051, iising the effective irtlerest rftle inethod Trude creditors are obligfilioDS lo pay for goix1s or 5¢rvices tlthl bthve beeL th¢(pl￿ed the ordinory eauTSQ of p￿￿tli)n$ fro￿ supplie￿. Alliounts P9ynblt are tlagsified 8s ciirreiil liabililics if Triym¢tLt is due williin olle year nr le&%. Ifn()t, Iliey ore Jyesented n￿￿-￿inent liabililie%. Trade creditor8 ar¢ iecogni$ed initially Rl Ir¥&nÈfjctin price ond sUbseqU￿71[Y measured atllmortiscd costU8iiig Ihe clltclive ittieresi i￿ethOd DereL￿gnitEtsll off1tt8n¢id liabditi¢s Fillaftcial liabilities are derecoBnised iyhen charity'5 ¢ontrKtual ob]igalions expire or are disclwrgcd or ckkeelled. 3 Incom¢ from doythllotks xnd legari¢s UnrestrArttd fiukds G¢Mei•l Total 2024 Totnl 21J23 Donati0i14 and legttci¢s; Doiiations fri>lli individiials 471 471 5,480 471 471 5.480 4 IntoinÈ fr(bm Charit￿ble ￿tti￿la¢S Uni'¢stricted Reytrlcted funds Total 2024 Total 2023 Ccthci'Trl Services and evet]IS Bntranc¢ fee incoine Gr8Ots Bni. iincome Venue hire fees 66,451 813,081 66,451 813,08l 6&419 812.392 17CI.fi32 769.437 41.908 181.883 723.176 4Q,638 723,176 40,638 1,643,346 183,883 1.827.229 1,868,788 Psge 20

Clivb Ifor Bath Notes to the Fillaiieial Stalements foi. Ihe Yelv Ended 31 Decembei. 2024 5 GrHllt-m#lLkng An#lysls of 8f#Dt$ Gi'ants I'Èceived Z1124 2U23 Amalysi5 Arts Council of Waks Cardill'coiificil Wolsb GovenuL¢llt Plis for Muslc Cand¢x Soluliolls Tickclrna51ei' UK Ar¢lul¢ctLEtal Herithge 14ind I40,IN)O 22.(XlO I,(K)O 1,250 801 35,0 L25.000 1.632 15.Q(XJ 1111,XX3 17CI.C)32 6 Other Ineome Unrestrlcl¥d Total 2024 Total 2023 Ccn¢iul F￿8 and siippbes 164 4,000 7 Expenditure cbaritable ¢dvldEs Unrestrlcted funils Deslgnated Gen¢inl Restrlcted fuJKIs Tot1 2024 Not¢ ScrYicc3 ￿nd cv¢DIs Alluial¥d ¥UPPUTI costs 31,626 1257.058 167,051 1,455.775 293,262 L4.693 293.262 14.693 1.763.fj90 Total 2023 GOv¢[n￿¢¢ costs 31.626 1,565,013 167,051 le Setvi¢e$ 3nd eveA15 Alk>c￿ted suppoil eosts GovernatsLe costs 1,644,423 247.757 34,188 ,92C>,368 Pgge21

Clwb Ifor BAch Notes to the Flnancial Statemei)ts for the Year Ended 31 Deeember 2024 Acllylty deil#kÈ dlrectly 2024 21bl3 Stxff eosls Depreciè)tion impiiThn¢Dt Sto¢k Purchllsc5 PeifDiiiiei$ 301,091 31,626 293,777 375,715 151.XXY 7S,868 14,714 301,091 3E.626 293,777 375.715 151.IlXY 78,868 14,714 346.039 40,877 295.740 452,501 IY8,Y21 80,861 11,351 Evelll Costs Security Costs tThsurAnce Lllj 26.760 24,790 38.870 32,202 6,389 l8,71Y 18,415 27,495 14,415 26,760 24,790 38,870 32,202 6.389 18,719 18.415 27,495 14,415 1,455,735 23.749 27.074 53,914 22,916 6,051 34.739 R￿AIrS & MainlcnanLL Cle4niDg Hiie of Equip]ne￿t Telecon)mi￿i¢at1Oj]s 0￿1¢¢ & Trnv¢lling Exp￿￿e5 CthinJ)ILtcr software, Cousumableb & MaiJJIe￿DCe F.iiteftalntM￿I licen B￿kCh￿Bes 22.053 17,526 1.644,423 1.455,735 Jn addi11￿1 lo Ibc ¢xp¢ndttw¢ allgly5cd fibovc. tber¢ or¢ olso governanc¢ costs of £14,693 12023 - £34,188} which relnl¢ diT<L'IIy Iv Llxaiitabl¢ aolivities. See nole 8 tor fwther delails. 8 Analys15 of govei'munte aRd sUPPOIt costs GDYernnnce tost5 tJmi'e%ti'lcled fund5 CLti¢riLI Total 2024 Totftl 2023 Audil [¢¢5 Audit of th¢ $tAtemellts Trustees remvneralioL aiid e%peLise3 L¢gnl fccs 4.400 4,400 iiooo I,oio 21.178 10.293 LO,293 14,693 14.693 34,188 PBB¢ 22

Clwb IfDI' BAch Noles to the Finandal StAtements for tbe YeAr Ellded 31 December 2024 9 Net irt¢omlngIo￿t8o1￿8 resoui'ce5 Netincou]illgl{outgtsiiig) rtsource$ for the year include.. 2024 2023 l)peittiJg leases- plont ]nacliipery Audit fets oihei noo-audit $c￿EC£S Depreciation of ossets Amoriisalion of Boodwill 32,202 4,400 5,839 29.528 2,099 21916 12,0(K> 8,886 38,581 2.290 IU TTU$tets reiiiynei'tlon anil expense5 11 Stthff c05t5 The aggteg&Èe payroll cosls were follows.. 2024 2023 StThff costs ilurlng tbeyeHT WCI.' Wages aDd galHrie5 Social seeuIyty eosts P¢D$ioll LQSts 448,196 34,666 7,043 459,377 28.03 7,022 494,438 489.9U)S Th¢ m￿111)[Y ave￿8¢ nuinb¢r of persons (i￿lI￿]ng 5cnior UWDagen)ent I leadersllip team) employed by the churily thirin8 the year ¢xpt¢ssed 18 fiill time equtval¢nls wa5 folloivs.. 2024 2023 strtT 33 35 Cottlribiitious io the employ¢e ￿])$10￿ schens for Ihe year lothlkd £7.04212023- £7,022}. No tw]oyee received ¢oknlimJents of tllore £60,QOO diiri]Jg the wr. The lol&l enwloye¢ beLefits of Il)£ key manag¢Drnl persi)ttttel orth¢ chutitywere £115,565 {2023- £139,856). Page 23

Clwb Ifor BRch F40t￿ to the Fill?MciAI Statements for the Year Ended 31 Decembei. 2024 12 Taxffj*tion Tli¢ ¢hfjrity is a rewsieffdehtiriry and is thetefor¢ ex￿￿pt trom i&¥ati￿L 13 1ntsDgible f5Ked R55¢t5 Weh%lto evrlopDI¢At Good1￿1 C05t At l Juuuary 2024 Additions 11,D85 6,197 747 17,2%2 747 At 311)ecember 2024 11.085 6,944 18,029 At l JDoll￿ry 2024 Cliaigt for tkn¢ ye&1 1.637 1,109 1,000 990 3,237 2,099 At 31 r)eccmber 2024 2,746 2.590 5.336 Net book valuE Al 11 l)ecemlwr 21124 8,339 4,354 12.693 Al 31 December 2023 9,448 4,597 14.045 Page 24

Ciivb Ifoi. Bach Notes to the Fillanclal Statemeiits for the Year Ended 31 December 2024 14 TAknglhle fuetl a59rts LaDd bui]ding5 Furnlturc C(bmpoter ¢quipineD¢ OthoT tamglble rixcd Totnl C05t At l Jonuaiy 2024 Additions 454,016 110,456 1,781 13,267 182,281 26,576 760.020 28,-157 At 31 D¢e¢mber 2024 454.016 12,237 13,267 208,857 788.377 Depi*ciatioD At l Jgniimy 2024 CIIDi8e tor Ihe year At 31 Decejnber 21124 12,327 9,081 32,075 19,595 3.407 852 47.809 29,528 21,408 51,670 4,259 77,337 r4et I￿01[ valme At 31 Dcccmbcr 2024 432,608 60.567 9.OOR 208,857 711.040 At 31 Dec#mber 441,689 ?g.381 9,860 182,281 712.211 15 Stock 2024 202J Stg£ks 18,375 19,029 16 Debtors 2024 2023 Trade debiors Prcpuymciils Oth¢r d¢blor8 112,942 5.231 439 59.884 5.234 37 L18,615 65,155 17 C￿511 crtsb eqmlY￿kllls 2024 2023 C¥sh 41 knt 38,426 120,579 PaEe 25

Clwb Ifor Bach Notes to the Flnallciwl Statements fth. the Year Ended 31 Decembei. 2024 18 Credltors: ainoun15 fAllffiThg duo wltbln one year 2024 2023 Bauk lowis Irade creditois Otli¢r tnAAliox md social securily VAT 8tant repayabk Oll￿r cr¢ditors Ac¢rua]$ 38.336 75.602 10,413 11_S,-385 21,212 1,79E 12.(H)O 138.E42 19 obli￿¥¢1￿￿$ uDdL'r l¢ases hlrt iiurchas¢ twilr*Lts OpErDlittg leAs¢ commltmtnts Totsl fty￿re njilliinwn Ir&$¢ paymellts Utthr tton4atkcellable operntill8 leose5 &[¢ ss follows.. 2024 2023 Olher Witknill on¢ y¢Hr 12,192 30,445 Page 26

Clivb Ifor Bach Notes to the Fin8nci#I StAtements foi. the YeAY Ended 31 Decembei. 2024 20 Fumds BalanLe at 31 Bal¥iice ht I Incointng If50111'Ct Rt50ur¢es expeDJed D¢c¢mb¢r 2024 Transfors 2024 Unre5ti'icltd fuDd5 Geiieiol Geiieral Unrestricted Fund5 66,621 1,643,981 11,565.013) (45.408) 100,181 Deslgiiuled IBLmgiblv Fix¢d A&¥¢l¥ Tangibl¢ fixed Assets RedevelupineJl Project 4,045 S29,910 182,2%1 12.0981 129,528) 11.947 500.402 208,857 26.576 72CI.25C) 131,620 21),57CI 721,2Q6 Tolgl umrestrlcted funtls 792.877 1,643,981 {1.59Q639 118.8321 821,387 Re511'5Cttd fvDds Wclsh Gov¢mtllcnt 22,OtK> 1.0 122,0001 (1,0(￿) PRS Cardiff CouiEty Co1￿¢11- DtYtloi)In¢iit fjrni)t Candex.%oliitlOlL8 Ltd TickeliMgt¢rUK Arts CouDciI of Wales 140,0Th1 1,2SO 801 18,832 1140.0001 (1.2501 18011 12,0 167,051 18.832 35.664 183.883 35,664 Total 792,877 1,827,864 11.763.690) 857,051 Page 27

ClTrYb Ifor Bath Notes to the FinAllciAI Statements for the Year Ended JI Decembei, 2024 BAlth￿¢t at 31 IAiiet lit i Januaiy 2023 IDromlng rL'sourLe R¢50ui'ce8 Deeetnber 2023 Unrostrlcteil fllnds GeiieralUThr&8tticted>lmds 284,140 1,668.141 {1,75&8591 {126,1101) 66,021 IDt9]￿ib1e Fixed As￿15 Twible Fi%ed Assets Redevclopn)ent Ilrojec¢ 12,357 S44,480 3.984 24,031 (2,2961 138,5811 14,045 529,930 181281 726256 182.281 556.8.37 28.015 40,8TI) 182.281 TolAI ¥nrestrlcted funds 840,977 1,696,156 1.799,736 55.480 792 877 Re$lrlc¢¢d fund5 Welsli Govemmertr PRS Cardiff Coutjty CDun¢il- Developjnelll Gigiit The Architthtlll IleLitag¢ FUT Oth¢r rcd¢velopD)etst filodin￿dona1l0nS 125.000 1,632 1125.OlYJI 11.6321 35.000 (35,000) 1S,OOD (E5,000) 5,480 5,480} Itt2,112 (126.672) 55,4gO) Total funds 840.977 1,878,268 1.926,368) 792,877 Th¥ bpeEifiL fipr whiLh th¥ fuDds utL' lubE dppliecl ure follvw Welsh Qov¢nune]it- fundit¥g w8s provid¢d for the Sivn Festiv$l.. PRS- fiittding was prowded lor llie Swn beslival. Olljcr redevelopm¢nt fvLdillgldonl1 lions- fulldllvd Was JKovided towards Iheredevelopment project: The ArcliilechiF81 Heritag¢ fuDd- ￿E￿ill8 was wovid¢d towar¢Ls tbe rede￿lOpM¢￿t project., Cwditrcouiity Council. thding providedtowards the redevelopmelll projecl. We]sb GoYenm¢llt- fi￿dill8 WLiX provided for the Dydd Miiv5ig Cymni MayTourptoject' Ca¥Edex Solulioiis LId-fUlldM￿ piovided for tli¢ SwtE fes1iv&l' alld Ticketmaster UK- fLuidiDg piovided for the Swn festival. Arts CouDcil of W#Ses- speeif2c proj¢¢t fi￿dIng for delivery dur￿8 2025. Pagc 28

ClTrvb Ifoi. BAch Notes to the Flllanci41 Ststements for the YeAr Ended 31 December 2024 TranBfcrs frotk rcstrictcd fill￿5 rckni¢ to fimding IbLt h8s ixcn uliliscd tmvardg the cthpilal costs of thc red¢velopJnetttproje¢t. 21 Anulysis ofnet ￿hYE¢￿ TotThl furAth Dt 31 Deceinboi. 2024 UDrestiirl¢d fuhdl Cenerhl DE51Ell¥lted Reslyic¢ed Inlangible fjxed assets T8nsible fixed asscls Currenl ossets Curr¢ni liabilities 12.693 71 L.040 12.693 71 L.040 275.416 14 098 239,752 139,571 35,664 2,527 Tu￿1 net 4sx¥iS l(X),181 721,200 35,664 857.051 UTrresli.l¢li.d fund5 G¢nerl Design￿kd 31 DerLrtb¢r 2023 InlaJ¥iblc fjx¢d asgets TaLEgibl¢ fixed &sÈets Cvtteiii £s8ets Curreiil liahilitiL% 14,045 712,21 14,(H5 711211 204,763 (138,1421 204,763 {1111,142 66,621 Total net assets 726.256 792,877 22 ADily$i$ of ￿et fund5 At31 Al l J￿n￿arY FADancing t115b December 21124 floJY 2024 Cash al ￿k iji h&lld tkbt dlle ivithiti on¢ year 120,579 38,336 17,847 38,336 138.426 N¢i debt 82,243 56.183 138,426 At31 De£eTnb¢r At l Jaiiuk%ry FIllanCi￿ 2023 2023 CaslL al UDd its tsE￿d D¢bl due within yLwr D¢bl due after more ihjn ojie year J43,993 147,42T) 129,5071 (223,414) 9.091 29.507 120.579 138.3361 debt 267,059 1184,81 82,243 Page 29