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2025-03-31-accounts

REGISTERED COMPANY NUMBER: 12907951 (England and Wales) REGISTERED CHARITY NUMBER: 1193687

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GALLERY CLIMATE COALITION

Landers Accountants Ltd Church View Chambers 38 Market Square Toddington Bedfordshire LU5 6BS

GALLERY CLIMATE COALITION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 17
Detailed Statement of Financial Activities 18 to 19

GALLERY CLIMATE COALITION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES T K S Dane K MacGarry V M Siddall G Hilty I Angus N Sandhaus (resigned 20/6/24) L Pietroiusti REGISTERED OFFICE Church View Chambers 38 Market Square Toddington Bedfordshire LU5 6BS REGISTERED COMPANY 12907951 (England and Wales) NUMBER REGISTERED CHARITY 1193687 NUMBER INDEPENDENT EXAMINER Landers Accountants Ltd Church View Chambers 38 Market Square Toddington Bedfordshire LU5 6BS BANKERS Lloyds Bank Plc Victoria House Southampton Row London WC1B 5HR

Page 1

GALLERY CLIMATE COALITION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Our main activities and who we serve as an organisation are described below. All our charitable activities focus on building an environmentally sustainable visual arts sector, to further our charitable purposes for the public benefit.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Public benefit

The goal of GCC is to facilitate the decarbonisation of the visual art sector and promote near zero-waste practices. As a charity and membership organisation, our long-term vision is an environmentally responsible art world that leads by example. By supporting collaboration and innovation, we aim to create a sustainable cultural sector that champions climate action and inspires broader systemic change across industries. The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

Page 2

GALLERY CLIMATE COALITION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Gallery Climate Coalition (GCC) is committed to reducing the environmental impact of the visual arts sector and driving systemic change through knowledge sharing, community building, and advocacy. We empower arts organisations, artists, and artworkers to incorporate environmental responsibility into their operations.

Achievements from the past year

GCC's full 2024 Impact Report can be accessed here: https://galleryclimatecoalition.org/usr/library/documents/main/gcc-impact-report-2024.pdf

FINANCIAL REVIEW

Financial position

The charity's financial position as of 31 March 2025 shows a decrease in unrestricted funds compared to the previous year, reflecting a challenging fundraising landscape. The balance held as unrestricted funds at 31 March 2025 was £105,152. (31 March 2024: £254,649).

Despite this short-term decrease, the charity has promising income opportunities on the horizon (as outlined in the FY25/26 Budget), with several major funding prospects currently in development. A strong fundraising strategy is being implemented to diversify income sources, secure new funding, and enhance financial resilience. Key initiatives include targeted donor engagement, cultivation of the Supporters Circle, forming strategic partnerships, and applying for grants, all of which are expected to contribute to improved financial stability in the coming months.

The board of trustees and the management team remain optimistic that these proactive strategies will enable the charity to function effectively. We are dedicated to achieving financial sustainability, ensuring operational efficiency, and fulfilling our mission, all while complying with regulatory requirements.

Going concern is not considered an issue for GCC.

Page 3

GALLERY CLIMATE COALITION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Principal funding sources

Our main funding source is donations from the charity's membership and Supporters Circle. Additional funding sources include website donations, event programming commissions, and donations raised from charitable artwork sales.

Investment policy and objectives

We do not currently consider the investment of surplus funds to be appropriate at this point of time. This will continue to be reviewed.

Reserves policy

GCC holds reserves to provide mitigation against unexpected costs or shortfalls in income. The current aim is to maintain reserves to cover 6 months of operational funds - £125,691 - which may be repurposed at any time, demonstrating our adaptability and our ability to respond to the prevailing economic conditions.

Reserves can be allocated, but not limited to, the following purposes:

FUTURE PLANS

There has been a decline in donations however the charity has significant potential income on the horizon, with several major funding opportunities in active development. A robust fundraising strategy is currently being implemented to diversify income streams, secure new funding sources, and strengthen financial resilience. Key initiatives include targeted donor engagement, strategic partnerships, and grant applications, all of which are expected to contribute to improved financial stability in the coming months.

The trustees and management team remain confident that with these proactive measures, the charity will continue to operate as a going concern. We are committed to ensuring financial sustainability, maintaining operational effectiveness, and fulfilling our mission while meeting all regulatory obligations.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 4

GALLERY CLIMATE COALITION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

Core Team

As of January 2025, GCC has four permanent team members; Heath Lowndes - Director, Aoife Fannin - Project Manager, Nicola Ferráo - Operations Manager and Lula Rappoport - Community Coordinator. GCC's success to date would not have been possible without the dedication and hard work of our incredible team. Their unwavering commitment to creating systemic change in the industry and environmental responsibility generally has been truly inspiring.

Freelancers

In addition to the core team, GCC works with several regular freelance contributors such as an Environmental Advisor, Designer, Bookkeeper, Project Coordinator (specifically for our Carbon Calculator) and other occasional ad-hoc contributors on a project-by-project basis.

Board of Trustees

Our trustees include Kate MacGarry, Victoria Siddall, Thomas Dane, Greg Hilty, Isla Angus, and Lucia Pietroiusti. Frances Morris has been appointed as the new Chair of the board. The Chair will oversee the recruitment of new board members, as well as the appointment of the Treasurer position, which may be filled by either new or existing trustees. Additionally, we plan to establish Advisory Boards for both the UK and the USA in the near future. This initiative will help us expand and formalise our network of senior contributors, allowing us to address any skills gaps by bringing in industry experts who can support our mission.

Key management remuneration

The total remuneration of key management personnel for 12 months to 31st March 2025 (including salaries and other benefits) was £162,433 (compared to 6 months to 31st March 2024 £65,866).

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 5 December 2025 and signed on its behalf by:

K MacGarry - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GALLERY CLIMATE COALITION

Independent examiner's report to the trustees of Gallery Climate Coalition ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Landers Accountants Ltd The Institute of Chartered Accountants in England and Wales

Landers Accountants Ltd Church View Chambers 38 Market Square Toddington Bedfordshire LU5 6BS

5 December 2025

Page 6

GALLERY CLIMATE COALITION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other income
Total
EXPENDITURE ON
Raising funds
3
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
180,527
-
180,527
41,934
288,090
330,024
(149,497)
254,649
**105,152 **		 Year Ended
31.3.25
Restricted
Total
fund
funds
£
£
-
180,527
-
-
-
180,527
-
41,934
113,906
401,996
113,906
443,930
(113,906)
(263,403)
113,906
368,555
-
**105,152 **		 Period
1.10.23
to
31.3.24
Total
funds
£
345,916
3,697
349,613
28,095
155,578
183,673
165,940
202,615
368,555

The notes form part of these financial statements

Page 7

GALLERY CLIMATE COALITION

BALANCE SHEET 31 MARCH 2025

Notes
FIXED ASSETS
Intangible assets
8
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
105
722
827
64,671
78,344
143,015
(38,690)
104,325
105,152
**105,152 **		 Restricted
fund
£
-
-
-
-
36,699
36,699
(36,699)
-
-
-		 31.3.25
Total
funds
£
105
722
827
64,671
115,043
179,714
(75,389)
104,325
105,152
105,152
105,152
-
**105,152 **		 31.3.24
Total
funds
£
122
2,089
2,211
40,772
381,195
421,967
(55,623)
366,344
368,555
368,555
254,649
113,906
368,555

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 8

GALLERY CLIMATE COALITION

BALANCE SHEET - continued 31 MARCH 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 5 December 2025 and were signed on its behalf by:

K MacGarry - Trustee

The notes form part of these financial statements

Page 9

GALLERY CLIMATE COALITION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. COMPANY INFORMATION

Gallery Climate Coalition is a private company limited by guarantee, registered in England and Wales. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. Its registered office is Church View Chambers, 38 Market Square, Toddington, Bedfordshire, LU5 6BS and their principle place of business is 34 Drayton Park. London, England, N5 1PB.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs include those incurred in the governance of the charities assets and are associated with constitutional and statutory requirements.

Intangible assets

Such an asset is identifiable when it is separable, or when it arises from contractual or other legal rights.

Patent and licence is calculated to write off the cost of intangible assets less its estimated residual values using the straight-line method over its estimated useful life, and is recognised in the statement of financial activities.

The estimated useful life for current and comparative periods are as follows:

Patent and licence - 10 years straight line

Amortisation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate

Computer equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Page 10

GALLERY CLIMATE COALITION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Computer equipment

Computer equipment - 33% on cost

Depreciation is charged on a straight line basis over 3 years.

Taxation

The company is a charity within the meaning of the Finance Act 2010 (schedule 6, paragraph 1). Accordingly the company is potentially exempt from taxation in respect of income or capital gains within categories covered by the Corporation Tax Act 2010 (part 11, chapter 3) or the Taxation of Chargeable Gains Act 1992 (section 256), to the extent that such income or gains are applied exclusively to charitable purposes. No tax charge arose in the period.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 11

GALLERY CLIMATE COALITION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

3. RAISING FUNDS

Raising donations and legacies

Year Ended
31.3.25
£
Support costs
**41,934 **		 Period
1.10.23
to
31.3.24
£
28,095

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period
1.10.23
Year Ended to
31.3.25 31.3.24
£ £
Independent examination 1,980 1,950
Depreciation - owned assets 1,367 670
Patents and licences amortisation 17 8

5. TRUSTEES' REMUNERATION AND BENEFITS

During the year remuneration of £12,000 (2024: £16,800) was paid to one trustee who is a consultant to the charity.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

Period
1.10.23
Year Ended to
31.3.25 31.3.24
Administration 4 4

No employees received emoluments in excess of £60,000.

Page 12

GALLERY CLIMATE COALITION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
185,916
160,000
Other income
3,697
-
Total
189,613
160,000
EXPENDITURE ON
Raising funds
28,095
-
Other
109,484
46,094
Total
137,579
46,094
NET INCOME
52,034
113,906
RECONCILIATION OF FUNDS
Total funds brought forward
202,615
-
TOTAL FUNDS CARRIED
FORWARD
254,649
113,906
8.
INTANGIBLE FIXED ASSETS
COST
At 1 April 2024 and 31 March 2025
AMORTISATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Total
funds
£
345,916
3,697
349,613
28,095
155,578
183,673
165,940
202,615
368,555
Patents
and
licences
£
170
48
17
65
105
122

Page 13

GALLERY CLIMATE COALITION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

9. TANGIBLE FIXED ASSETS

COST
At 1 April 2024 and 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pension liability
Accruals and deferred income		 Computer
equipment
£
4,384
2,295
1,367
3,662
722
2,089
31.3.25
31.3.24
£
£
62,503
22,725
600
879
1,568
17,168
64,671
40,772
31.3.25
31.3.24
£
£
4,301
43,691
3,941
3,477
717
503
66,430
7,952
75,389
55,623

Page 14

GALLERY CLIMATE COALITION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. MOVEMENT IN FUNDS

At 1.4.24
£
Unrestricted funds
General fund
254,649
Restricted funds
Restricted fund
113,906
TOTAL FUNDS
368,555
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
180,527
Restricted funds
Restricted fund
-
TOTAL FUNDS
180,527
Comparatives for movement in funds
At
1.10.23
£
Unrestricted funds
General fund
202,615
Restricted funds
Restricted fund
-
TOTAL FUNDS
202,615		 Net
movement
in funds
£
(149,497)
(113,906)
(263,403)
Resources
expended
£
(330,024)
(113,906)
(443,930)
Net
movement
in funds
£
52,034
113,906
165,940		 At
31.3.25
£
105,152
-
105,152
Movement
in funds
£
(149,497)
(113,906)
(263,403)
At
31.3.24
£
254,649
113,906
368,555

Page 15

GALLERY CLIMATE COALITION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
DESIGNATED FUNDS
Unrestricted
Getty Summit Research
Tieger Foundation
W&M Gulbenkian Waste & Material
Artist Toolkit Activation
GCC Italia
New York Summit
TOTAL DESIGNATED FUNDS		 Incoming
Resources
resources
expended
£
£
189,613
(137,579)
160,000
(46,094)
349,613
(183,673)
31.3.24
£
105,152
-
-
-
-
-
-
**105,152 **
Movement

in funds
£
52,034
113,906
165,940
31.3.24
£
146,846
26,109
32,821
14,798
12,000
22,075
-
254,649

Unrestricted

Funds supporting core operations and activities.

Getty Summit Research

The Getty Summit Research funds, awarded by the Getty Foundation, are designated to support the research and development of an arts & climate summit in Los Angeles.

Getty Calculator

The Getty Calculator funds, awarded by the Getty Foundation, are allocated to support the research and development, building, and launch of an art sector-specific carbon calculator.

Tieger Foundation

Funds were raised to support internal research and development of a new sector specific resource relating to environmentally responsible exhibition production.

W&M Gulbenkian Waste & Material

Funds were raised to support internal research and development of a new sector specific best practice resource on circularity of materials environmentally responsible waste management.

Page 16

GALLERY CLIMATE COALITION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. MOVEMENT IN FUNDS - continued

Artist Toolkit Activation

Funds are allocated for the strategy and launch of an outreach campaign aimed at engagement artists with the Artist Toolkit.

GCC Italia

Funds raised from the sale of a Loris Cecchini wall mounted sculpture are allocated for researching and developing a strategy for international engagement and expansion.

New York Summit

NY Summit funds, awarded by Helen Frankenthaler Foundation and Teiger Foundation to programme and execute a conference at Museum of Modern Art (MoMA) seeking to accelerate climate action within the arts sector by facilitating meaningful dialogue, sharing practical strategies, and showcasing innovative approaches to environmental responsibility.

13. RELATED PARTY DISCLOSURES

Other debtors consist of balances due from Dane Chantala Associates Limited. T K D Dane is a shareholder of Thomas Dane Limited. Thomas Dane Limited is a shareholder of Dane Chantala Associates Limited.

14. TRUSTEES LIABILITY

Gallery Climate Coalition is a company Limited by Guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

Page 17

GALLERY CLIMATE COALITION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Year Ended
31.3.25
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
171,061
Subscriptions
2,217
Other revenue
7,249
180,527
Other income
Recharges
-
Total incoming resources
180,527
EXPENDITURE
Other
Wages
158,944
Pensions
3,489
Subscriptions
11,697
Consultancy services
210,727
Editorial services
3,000
Rent
12,623
Insurance
132
Patents and licences
17
Computer equipment
1,367
401,996
Support costs
Management
Advertising
9,000
Computer expense
4,617
Travel and subsistence
5,002
Postage and stationery
185
Repairs and renewals
-
Staff welfare
1,074
Entertaining
1,443
Training
3,900
Carried forward
25,221		 Period
1.10.23
to
31.3.24
£
322,420
316
23,180
345,916
3,697
349,613
64,574
1,293
4,702
77,136
150
7,271
(227)
9
670
155,578
4,982
2,594
1,121
214
757
478
890
4,800
15,836

This page does not form part of the statutory financial statements

Page 18

GALLERY CLIMATE COALITION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Year Ended
31.3.25
£
Management
Brought forward
25,221
Telephone & Internet
191
Recruitment costs
258
25,670
Finance
Donations
354
Bank charges
4,684
Foreign exchange loss
2,297
7,335
Governance costs
Independent examination
1,980
Accountancy and legal fees
6,949
8,929
Total resources expended
443,930
Net (expenditure)/income
**(263,403) **		 Period
1.10.23
to
31.3.24
£
15,836
-
-
15,836
-
177
1,120
1,297
1,950
9,012
10,962
183,673
165,940

This page does not form part of the statutory financial statements

Page 19