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2025-08-31-accounts

Company registration number: 09193813 Charity registration number: 1202547

ARTEMIS STUDIOS PERFORMING ARTS SCHOOLS LIMITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Green Accountancy Limited Chartered Certified Accountants Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX

Artemis Studios Performing Arts Schools Limited Contents

Page
Reference and Administrative Details 1
Trustees' Report 2—6
Independent Examiner's Report 7
Statement of Financial Activities (including Income and Expenditure Account) 8
Balance Sheet 9
Statement of Cash Flows 10
Notes to the Statement of Cash Flows 11
Notes to the Financial Statements 12—21
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account) 22—23

Artemis Studios Performing Arts Schools Limited Reference and Administrative Details For The Year Ended 31 August 2025

Trustees Mr Ashleigh Wells (resigned 27/08/2025)
Ms Mary-Jane Newton
Mrs Gemma Roch (appointed 27/08/2025)
Mrs Rosalind Robins
Mr Jonathan Undrell
Ms Tina Cresswell (appointed 30/10/2024)
Miss Pippa Shepherd (appointed 06/11/2024)
Miss Siobahn White (appointed 30/10/2024)
Charity Number 1202547
Company Number 09193813
Principal Address 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Registered Office 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Independent Examiner Barry Coles FCCA
International House
50 Essex Street
London
WC2R 3JF
Bankers HSBC
35 High Street
Berkshire
SL6 1JQ
Solicitors Tessa Hennessy Solicitor
27 High Allen Crescent
Oxford
OX3 0HL

Page 1

Artemis Studios Performing Arts Schools Limited Company No. 09193813 Trustees' Report For The Year Ended 31 August 2025

The trustees present their report and the financial statements for the year ended 31 August 2025.

Objectives and Activities

Charitable Objectives

Artemis Studios Performing Arts Schools Limited exists to advance education and improve wellbeing through access to performing arts, creative education and physical activity opportunities for children, young people and adults.

The charity provides accessible training, workshops, performances, productions and community engagement opportunities across theatre, dance, music and cheerleading. Artemis Studios works to remove barriers to participation by maintaining affordable fees, offering subsidised opportunities where possible, and creating inclusive pathways for young people from a wide range of backgrounds and abilities.

The charity also supports vocational progression through Artemis College, offering full-time training opportunities for young performers and creatives.

Strategies to Achieve Our Objectives

The charity’s strategy for achieving its objectives focuses on increasing access to high-quality performing arts education and community engagement opportunities. This includes expanding programme delivery, strengthening governance and operational structures, developing strategic partnerships, increasing fundraising and grant activity, and improving communication and outreach within the local community. The charity also aims to continue reducing barriers to participation through subsidised and inclusive provision.

Public Benefit

The trustees confirm that they have complied with their duties under Section 17 of the Charities Act 2011 and have had due regard to the Charity Commission’s general guidance on public benefit.

The charity delivers public benefit through:

Short and Longer-Term Objectives

The charity’s short-term objectives are to strengthen organisational capacity, increase participation across all programmes, expand outreach activity, and improve financial sustainability through increased earned income and external funding.

Longer-term objectives include securing larger premises to support continued growth, increasing provision for disadvantaged and SEND learners, developing new corporate and community partnerships, and expanding the charity’s reach and impact across the wider community.

Page 2

Artemis Studios Performing Arts Schools Limited Trustees' Report (continued) For The Year Ended 31 August 2025

Achievements and Performance

Main Achievements

The 2024–2025 financial year represented a continued period of growth, consolidation and strategic development for Artemis Studios.

Income from charitable activities increased during the year to £822,322 (2024: £725,281), reflecting continued demand for the charity’s classes, productions, educational programmes and events. Total funds carried forward at year end increased to £385,544 (2024: £293,245).

Throughout the year the charity continued to deliver a broad programme of performing arts and sports arts activity for children, young people and adults across Berkshire and the Thames Valley.

Key achievements during the year included:

• In June our College won the National Schools Theatre Award for their production of Godspell, which saw them perform a reprisal and collect the award in the West End.

The charity continued to operate from hired community and arts venues across the region, enabling access to facilities while also presenting operational and logistical challenges associated with multi-site delivery.

The trustees are particularly proud of the dedication shown by staff, volunteers and young people throughout the year, alongside the charity’s continued commitment to accessibility and inclusion during a challenging economic climate.

Commentary on Key Goals Against Actual Achievements

During the year, the charity made strong progress against its strategic objectives. Participation across paid and community provision increased, with several programmes operating at or near capacity and waiting lists continuing to grow. Outreach and partnership work expanded, including collaborations with schools and community organisations, increasing opportunities for children and young people to engage with performing arts activities.

Adding to an existing list of achievements Artemis College was recognised at the National Schools Theatre Awards, Studios continued growth with performances of We Will Rock You at the Wilde Theatre and Platinum Artemis Cheer qualifying to perform in the global cheer finals. Artemis has also provided core learning and skills that have been developed to allow three former pupils to appear in lead roles in Starlight Express and Come Alive in London.

The charity also strengthened its financial position through increased turnover, additional programme delivery, and continued growth in volunteer support. Progress was also made in developing the organisation’s profile, partnerships, and governance arrangements to support future growth.

Page 3

Artemis Studios Performing Arts Schools Limited Trustees' Report (continued) For The Year Ended 31 August 2025

Financial Review

Financial Position

The charity reported a net surplus for the year of £92,299 (2024: £130,761).

The trustees consider this outcome positive and necessary in supporting the charity’s long-term sustainability, particularly in light of rising operational costs affecting the education, arts and charitable sectors.

Expenditure increased during the year in line with expanded activity levels, including additional staffing, venue hire, educational delivery and production costs. The charity also invested in additional computer equipment and infrastructure to support operations and programme delivery.

Deferred income at year end increased significantly to £137,707 (2024: £39,347), reflecting strong advance bookings and fees received for activities relating to the following academic and performance year.

The trustees continue to monitor financial performance carefully in response to wider economic pressures, including increases in venue hire costs, staffing costs and general inflationary pressures impacting the charity and the families it supports.

Reserves Policy

The trustees recognise the importance of maintaining appropriate reserves to safeguard the charity’s future operations and ensure financial stability. They aim to keep three months of running costs (one academic term) in reserves, with any surplus currently being built for the capital costs of fitting a building out in the near future.

The charity’s unrestricted reserves at the year end were £383,044 (2024: 293,245). Resitricted reserves totalled £2,500 (2024: £Nil). Total reserves held being £385,544 (2024: £293,245).

The trustees consider current reserves levels appropriate to:

The trustees regularly review the reserves policy as part of ongoing financial oversight.

Principal Funding Sources

The charity’s principal funding sources include programme and tuition fees, grant funding, partnership agreements, fundraising activities, and donations. These income streams support the delivery of performing arts education, outreach programmes, subsidised places for disadvantaged participants, holiday provision, staffing costs, venue hire, and the continued development of community-based activities.

Partnership arrangements with education and arts organisations continue to play an important role in supporting programme delivery and extending the charity’s reach within the local community.

Risk Management

The trustees actively review the major risks facing the charity and have continued to strengthen governance and operational procedures throughout the year.

Key areas monitored include:

Safeguarding remains a core priority for the organisation, with ongoing review of policies, procedures and staff training to ensure safe environments for all participants.

Page 4

Artemis Studios Performing Arts Schools Limited Trustees' Report (continued) For The Year Ended 31 August 2025

Future Developments

The trustees intend to continue developing the charity’s educational and community programmes while maintaining a strong focus on financial sustainability and accessibility.

Future priorities include:

The trustees remain committed to ensuring Artemis Studios continues to provide high-quality creative opportunities that positively impact the lives of children, young people and the wider community.

Structure, Governance and Management

Governing Document

Artemis Studios Performing Arts Schools Limited is governed by its Memorandum and Articles of Association.

Trustee Selection Methods

The trustees are responsible for the overall governance and strategic direction of the charity. Trustees are recruited based on the skills, experience and expertise required to support the organisation effectively.

Induction and Training of Trustees

New Trustees are appointed in accordance with the charity’s governing document and are subject to appropriate recruitment and safeguarding checks. Trustees receive an induction programme that includes briefing sessions with senior leadership and existing Board members, together with key organisational and governance documentation.

Trustees are also required to complete safeguarding training and are encouraged to participate in ongoing governance and sector-specific training to support the effective discharge of their responsibilities.

Key Management Remuneration

The remuneration of key management personnel is reviewed annually by the Board of Trustees. Pay levels are considered with reference to comparable roles within the charity, education, and arts sectors, together with the charity’s financial position, affordability, and operational requirements. The charity aims to ensure remuneration remains fair, appropriate, and sufficient to attract and retain suitably qualified staff.

Organisational Structure

Artemis Studios Performing Arts Schools Limited is a charitable company limited by guarantee.

Related Parties

The charity works in partnership with a range of organisations, including education providers, arts organisations, schools, and community groups, to support the delivery of its charitable objectives. These partnerships have been enhanced to assist further with programme delivery, outreach activity, venue provision, and funding opportunities.

Any related party transactions are managed in accordance with the charity’s conflict of interest policy and are disclosed within the financial statements where required.

Key Management

Day-to-day management is delegated to the senior leadership team and operational staff.

Senior Leadership Team

Niki Robinson, CEO Stephen Harris, Executive Director Rosie Hill, Principal of the College

The trustees meet regularly to review performance, financial management, safeguarding, operational development and future strategy.

Page 5

Artemis Studios Performing Arts Schools Limited Trustees' Report (continued) For The Year Ended 31 August 2025

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Artemis Studios Performing Arts Schools Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

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

The trustees' report was approved by the board of trustees and signed on its behalf by:

Ms Mary-Jane Newton Mr Jonathan Undrell Trustee Trustee 28/05/2026 28/05/2026 Date

Page 6

Artemis Studios Performing Arts Schools Limited Independent Examiner's Report to the Trustees of Artemis Studios Performing Arts Schools Limited For The Year Ended 31 August 2025

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

Responsibilities and Basis of Report

As the charity 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

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.

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:

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.

Barry Coles FCCA Date 29/05/2026 International House 50 Essex Street London WC2R 3JF

Page 7

Artemis Studios Performing Arts Schools Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
4
Performing and creative arts
Investments
5
EXPENDITURE ON:
Charitable activities:
7
Performing and creative arts
NET INCOME
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
19		 Unrestricted
funds
£
2,360
819,822
5,349		 Restricted
funds
£
-
2,500
-		 2025
Total funds
£
2,360
822,322
5,349		 2024
Unrestricted
funds
£
3,086
725,281
4,051
827,531 2,500 830,031 732,418
(737,732) - (737,732) (601,657)
89,799 2,500 92,299 130,761
89,799
293,245		 2,500
-		 92,299
293,245		 130,761
162,484
383,044 2,500 385,544 293,245

The notes on pages 11 to 21 form part of these financial statements.

Page 8

Artemis Studios Performing Arts Schools Limited Balance Sheet As At 31 August 2025

Notes
FIXED ASSETS
Tangible Assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
14
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
Creditors: Amounts Falling Due After More Than One Year
15
NET ASSETS
FUNDS OF THE CHARITY
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
19		 Unrestricted
funds
£
11,830		 Restricted
funds
£
-		 2025
Total funds
£
11,830		 2024
Total funds
£
5,880
11,830
265,793
299,465		 -
-
2,500		 11,830
265,793
301,965		 5,880
113,907
275,288
565,258
(194,044)		 2,500
-		 567,758
(194,044)		 389,195
(97,972)
371,214 2,500 373,714 291,223
383,044 2,500 385,544 297,103
- - - (3,858)
383,044 2,500 385,544 293,245
2,500
383,044		 -
293,245
385,544 293,245

For the year ending 31 August 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

Ms Mary-Jane Newton Trustee 28/05/2026 Date

Mr Jonathan Undrell Trustee 28/05/2026

The notes on pages 11 to 21 form part of these financial statements.

Page 9

Artemis Studios Performing Arts Schools Limited Statement of Cash Flows For The Year Ended 31 August 2025

Notes
Cash flows from operating activities
Net cash (used in)/generated from operations
1
Interest paid
Deferred income movement
Net cash generated from operating activities
Cash flows from investing activities
Purchase of tangible assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Repayment of bank borrowings
Increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
2
Cash and cash equivalents at end of year
2		 2025
£
(63,940)
(192)
98,360
34,228
(8,793)
5,349
(3,444)
(4,107)
26,677
275,288
301,965		 2024
£
130,591
(361)
(4,567)
125,663
(5,530)
4,051
(1,479)
(4,005)
120,179
155,109
275,288

Page 10

Artemis Studios Performing Arts Schools Limited Notes to the Statement of Cash Flows For The Year Ended 31 August 2025

1. Reconciliation of income to cash (used in)/generated from operations

.
Reconciliation of income to cash (used in)/generated from operations
Net income
Adjustments for:
Interest expense
Interest income
Depreciation of tangible assets
Movements in working capital:
Increase in trade and other debtors
(Decrease)/increase in trade and other creditors
Net cash (used in)/generated from operations		 2025
£
92,299
192
(5,349)
2,843
(152,431)
(1,494)
(63,940)		 2024
£
130,761
361
(4,051)
1,935
(5,099)
6,684
130,591

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

2025 2024
£ £
Cash at bank and in hand 301,965 275,288

3. Analysis of changes in net funds

.
Analysis of changes in net funds
Cash at bank and in hand
Debts falling due within one year
Debts falling due after more than one year		 As at 1
September
2024
£
275,288
(4,107)
(3,858)		 Cash flows
£
26,677
249
3,858		 As at 31
August 2025
£
301,965
(3,858)
-
267,323 30,784 298,107

Page 11

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements For The Year Ended 31 August 2025

1. General Information

Artemis Studios Performing Arts Schools Limited is a company limited by guarantee, incorporated in England & Wales, registered number 09193813 and registered charity number 1202547. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

Income is included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;

it is more likely than not that the trustees will receive the resources;

the monetary value can be measured with sufficient reliability.

Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Grants and donations

Grants and donations are included in the SoFA when the general income recognition criteria are met.

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met.

2.3. Donated Goods and Services

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

2.4. Resources Expended

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 and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% on cost

Page 12

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

2.8. Pensions

The charitable company operates a defined pension contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

2.9. Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

2.10. Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

The charity has creditors which are measured at settlement amounts less any trade discounts.

Page 13

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

3. Income from Donations and Legacies

.
Income from Donations and Legacies
Donations and gifts:
Donations and gifts
.
Income from Charitable Activities
Performing and creative arts:
Education
Grants
Sale of goods related to main activity
Theare tax relief credit
Foreign exchange variance
Other income
Performing and creative arts:
Education
Grants
Sale of goods related to main activity
Theare tax relief credit
Foreign exchange variance
Other income
.
Investment Income
Bank interest receivable		 Unrestricted
funds
£
761,591
612
26,108
30,280
681
550		 2025
Unrestricted
funds
£
2,360		 2024
Unrestricted
funds
£
3,086
Restricted
funds
£
-
2,500
-
-
-
-		 2025
Total
funds
£
761,591
3,112
26,108
30,280
681
550
819,822 2,500 822,322
Unrestricted
funds
£
675,159
1,000
21,121
28,001
-
-		 Restricted
funds
£
-
-
-
-
-
-		 2024
Total
funds
£
675,159
1,000
21,121
28,001
-
-
725,281 - 725,281
2025
Unrestricted
funds
£
5,349		 2024
Unrestricted
funds
£
4,051

4. Income from Charitable Activities

  1. Investment Income

Page 14

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

6. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

he net income is stated after charging/(crediting):
2025 2024
£ £
Bad debts 1,123 2,673
Depreciation of tangible fixed assets - owned 2,843 1,935

7. Analysis of Expenditure

.
Analysis of Expenditure
Performing and creative arts
Performing and creative arts		 Activities
undertaken
directly
(see note 8)
£
664,587		 Support costs
(see note 9)
£
73,145		 2025
Total
£
737,732
Activities
undertaken
directly
(see note 8)
£
542,938		 Support costs
(see note 9)
£
58,719		 2024
Total
£
601,657

Page 15

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

8. Direct Costs

.
Direct Costs
Cost of goods sold:
Cost of goods sold
Box office charges
Education expenses
Entry fees
Production costs
Show tickets
Rent and hall hire
Self employed personnel
Employee costs:
Wages and salaries
Employers NI
Employers pensions - defined contribution schemes
Cost of goods sold:
Cost of goods sold
Box office charges
Education expenses
Entry fees
Production costs
Show tickets
Rent and hall hire
Self employed personnel
Employee costs:
Wages and salaries
Employers NI
Employers pensions - defined contribution schemes		 2025
Performing
and creative
arts
£
34,836
7,781
78,919
26,169
52,066
4,302
74,863
79,787
282,634
17,418
5,812
664,587
2024
Performing
and creative
arts
£
23,901
6,206
37,137
23,049
50,114
4,258
67,773
71,637
245,310
10,772
2,781
542,938

Page 16

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

9. Support Costs

Employee costs:
Staff training
Staff entertaining
Travel and subsistence expenses
General administration:
Computer and IT consumables
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telephone and internet
Professional fees
Bank charges
Charitable donations
Bad debts written off
Sundry expenses
Business development
Depreciation:
Depreciation
Interest payable:
Bank interest payable
Governance costs:
Independent examiner's fees
Accountancy fees
Employee costs:
Staff training
Staff entertaining
Travel and subsistence expenses
Premises expenses:
Cleaning
General administration:
Computer and IT consumables
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising and marketing costs		 2025
Performing
and creative
arts
£
3,465
1,314
9,047
6,682
2,048
3,395
18,507
1,759
6,624
2,560
245
1,123
639
6,850
2,843
192
756
5,096
73,145
2024
Performing
and creative
arts
£
1,454
2,016
9,777
326
5,400
60
1,971
3,776
15,735
...CONTINUED

Page 17

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

Telephone and internet
Professional fees
Bank charges
Charitable donations
Bad debts written off
Sundry expenses
Depreciation:
Depreciation
Interest payable:
Bank interest payable
Governance costs:
Independent examiner's fees
Accountancy fees
10.
Staff Costs
Staff costs were as follows:
Wages and salaries
Social security costs
Other pension costs		 2025
£
282,634
17,418
5,812
305,864		 1,315
3,945
2,282
820
2,673
228
1,935
361
756
3,889
58,719
2024
£
245,310
10,772
2,781
258,863

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

  1. Average Number of Employees

Average number of employees during the year was: 14 (2024: 12)

  1. Tangible Assets
2.
Tangible Assets
Cost
As at 1 September 2024
Additions
As at 31 August 2025
Depreciation
As at 1 September 2024
Provided during the period
As at 31 August 2025
Net Book Value
As at 31 August 2025
As at 1 September 2024		 Computer
Equipment
£
12,859
8,793
21,652
6,979
2,843
9,822
11,830
5,880

Page 18

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

13. Debtors

13.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income
Other debtors
Tax recoverable
Net wages
14.
Creditors: Amounts Falling Due Within One Year
Trade creditors
Bank loans and overdrafts
Other taxes and social security
Pensions payable
Accruals
Deferred Income
15.
Creditors: Amounts Falling Due After More Than One Year
Bank loans
16.
Loans
An analysis of the maturity of loans is given below:
Amounts falling due within one year or on demand:
Bank loans
Amounts falling due between one and five years:
Bank loans		 2025
£
194,699
11,785
-
58,402
907
265,793
2025
£
17,832
3,858
7,540
118
26,989
137,707
194,044
2025
£
-
2025
£
3,858
2025
£
-		 2024
£
78,628
5,682
144
28,001
1,452
113,907
2024
£
20,414
4,107
3,100
682
30,322
39,347
97,972
2024
£
3,858
2024
£
4,107
2024
£
3,858

Page 19

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

17. Deferred Income

Deferred income movements in the year were as follows:

Balance at the start of the period
Income deferred in the current period
Amounts released in income from previous periods
Balance at the end of the period		 2025
£
39,347
137,707
(39,347)		 2024
£
43,914
39,347
(43,914)
137,707 39,347

Deferred income represents income received in advance of the delivery of charitable activities. At the year end, this comprised £133,107 in respect of tuition and classes relating to the forthcoming school year, and £4,600 relating to deposits received for entry into cheer competitions in the following financial year. These amounts will be recognised as income in the period in which the related activities are delivered.

18. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £5,812 (2024: £2,781).

At the balance sheet date contributions of £118 (2024: £682) were due to the fund and are included in creditors.

19. Movement in Funds

Unrestricted funds
General:
General unrestricted fund
Restricted funds
Berkshire Community Fund
Total funds
Unrestricted funds
General:
General unrestricted fund
Total funds		 As at 1
September
2024
£
293,245
-		 Income
£
827,531
2,500		 Expenditure
£
(737,732)
-		 As at 31
August 2025
£
383,044
2,500
293,245 830,031 (737,732) 385,544
As at 1
September
2023
£
162,484		 Income
£
732,418		 Expenditure
£
(601,657)		 As at 31
August 2024
£
293,245
162,484 732,418 (601,657) 293,245

Page 20

Artemis Studios Performing Arts Schools Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

20. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

21. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

22. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 21

Artemis Studios Performing Arts Schools Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations and gifts
Charitable Activities:
Performing and creative arts
Education
Grants
Sale of goods related to main activity
Theare tax relief credit
Foreign exchange variance
Other income
Investments
Bank interest receivable
EXPENDITURE ON:
Charitable Activities:
Performing and creative arts
Cost of goods sold
Box office charges
Education expenses
Entry fees
Production costs
Show tickets
Rent and hall hire
Self employed personnel
Wages and salaries
Employers NI
Employers pensions - defined contribution schemes
Staff training
Staff entertaining
Travel and subsistence expenses
Cleaning
Computer and IT consumables
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telephone and internet
Professional fees		 2025
Total
funds
£
2,360		 2024
Total
funds
£
3,086
3,086
675,159
1,000
21,121
28,001
-
-
725,281
4,051
4,051
732,418
(23,901)
(6,206)
(37,137)
(23,049)
(50,114)
(4,258)
(67,773)
(71,637)
(245,310)
(10,772)
(2,781)
(1,454)
(2,016)
(9,777)
(326)
(5,400)
(60)
(1,971)
(3,776)
(15,735)
(1,315)
(3,945)
...CONTINUED
2,360
761,591
3,112
26,108
30,280
681
550
822,322
5,349
5,349
830,031
(34,836)
(7,781)
(78,919)
(26,169)
(52,066)
(4,302)
(74,863)
(79,787)
(282,634)
(17,418)
(5,812)
(3,465)
(1,314)
(9,047)
-
(6,682)
-
(2,048)
(3,395)
(18,507)
(1,759)
(6,624)

Page 22

Artemis Studios Performing Arts Schools Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 31 August 2025

Bank charges
Charitable donations
Bad debts written off
Sundry expenses
Business development
Depreciation
Bank interest payable
Independent examiner's fees
Accountancy fees
NET INCOME		 (2,560)
(245)
(1,123)
(639)
(6,850)
(2,843)
(192)
(756)
(5,096)		 (2,282)
(820)
(2,673)
(228)
-
(1,935)
(361)
(756)
(3,889)
(737,732) (601,657)
(737,732) (601,657)
92,299 130,761

Page 23

SIGNATURE CERTIFICATE

REFERENCE NUMBER 9C91F95D-B6D8-45EB-B649-2C6C61E218D8

TRANSACTION DETAILS DOCUMENT DETAILS Reference Number Document Name 9C91F95D-B6D8-45EB-B649-2C6C61E218D8 2511 Final Accounts 31-Aug-25 ASPAS Limited 260528 Transaction Type Filename Signature Request 2511_Final_Accounts_31-Aug-25_ASPAS_Limited_260528.pdf Sent At Pages 05/28/2026 01:21:09 PM +00 25 pages Executed At Content Type 05/29/2026 06:23:18 AM +00 application/pdf Identity Method File Size email 170 KB Distribution Method Original Checksum email fcb90bbb9192bba7477f2ec42ef61038136349e2dd716fcfc86e991cd782362c Signed Checksum 5c04a965a6db56a92cbc2320c000e9ff252606543febcf6214de639ac0571901

Signer Sequencing Enabled Document Passcode Disabled eIDAS Authentication Disabled

SIGNERS

SIGNER E-SIGNATURE EVENTS
Name Status Viewed At
Barry Coles signed 05/29/2026 06:22:37 AM +00
Email Multi-factor Digital Fingerprint Checksum Identity Authenticated At
barry@greenaccountancy.com 4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945 05/29/2026 06:23:18 AM +00
Signer Sequence IP Address Signed At
2 38.126.89.207 05/29/2026 06:23:18 AM +00
Components Device
2 Firefox via Windows
Typed Signature
Signature Reference ID
F8C5FC75
Name Status Viewed At
Mary-Jane Newton signed 05/28/2026 05:15:06 PM +00
Email Multi-factor Digital Fingerprint Checksum Identity Authenticated At
mary-jane@artemis-studios.org.uk 4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945 05/28/2026 05:15:54 PM +00
Signer Sequence IP Address Signed At
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Components Device
4 Chrome Mobile via Android
Typed Signature
Signature Reference ID
B21BFA26
Typed Signature
Signature Reference ID
6D4A412E
SIGNER E-SIGNATURE EVENTS
Name Status Viewed At
Jonathan Undrell signed 05/28/2026 03:29:16 PM +00
Email Multi-factor Digital Fingerprint Checksum Identity Authenticated At
jonathan@artemis-studios.org.uk 4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945 05/28/2026 03:30:19 PM +00
Signer Sequence IP Address Signed At
0 82.132.232.20 05/28/2026 03:30:20 PM +00
Components Device
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Typed Signature
Signature Reference ID
8C4EAE1A
Typed Signature
Signature Reference ID
3CCF9C90

AUDITS

TIMESTAMP

05/28/2026 01:21:09 PM +00

05/28/2026 01:21:09 PM +00 05/28/2026 03:29:16 PM +00 05/28/2026 03:30:19 PM +00 05/28/2026 03:30:20 PM +00

05/28/2026 03:30:20 PM +00 05/28/2026 05:15:06 PM +00

05/28/2026 05:15:54 PM +00

05/28/2026 05:15:54 PM +00

05/28/2026 05:15:54 PM +00 05/29/2026 06:22:37 AM +00 05/29/2026 06:22:37 AM +00 05/29/2026 06:23:18 AM +00 05/29/2026 06:23:18 AM +00

AUDIT Jenny Brooks (jenny@greenaccountancy.com) created document '2511_Final_Accounts_31-Aug25_ASPAS_Limited_260528.pdf' on Firefox via Windows from 84.65.46.50. Jonathan Undrell (jonathan@artemis-studios.org.uk) was emailed a link to sign. Jonathan Undrell (jonathan@artemis-studios.org.uk) viewed the document on Mobile Safari via iOS from 82.132.232.20. Jonathan Undrell (jonathan@artemis-studios.org.uk) authenticated via email on Mobile Safari via iOS from 82.132.232.20. Jonathan Undrell (jonathan@artemis-studios.org.uk) signed the document on Mobile Safari via iOS from 82.132.232.20. Mary-Jane Newton (mary-jane@artemis-studios.org.uk) was emailed a link to sign. Mary-Jane Newton (mary-jane@artemis-studios.org.uk) viewed the document on Chrome Mobile via Android from 62.103.241.242.

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Mary-Jane Newton (mary-jane@artemis-studios.org.uk) signed the document on Chrome Mobile via Android from 62.103.241.242.

Barry Coles (barry@greenaccountancy.com) was emailed a link to sign.

Barry Coles (barry@greenaccountancy.com) viewed the document on Firefox via Windows from 38.126.89.207. Barry Coles (barry@greenaccountancy.com) viewed the document on Firefox via Windows from 38.126.89.207. Barry Coles (barry@greenaccountancy.com) authenticated via email on Firefox via Windows from 38.126.89.207. Barry Coles (barry@greenaccountancy.com) signed the document on Firefox via Windows from 38.126.89.207.