REGISTERED fiuMBER: WII83239 IEttelJ)d lldWalul Gnjup strats%RePO Rtptsrtof tht Dlrertors ind Audtt C•woJldxtsd Fknan¢l•lStsl¥m¢nts f•rtht YurEuded 31 D•t¢wb¢r2025 ROYALSOCIKTY OF SCULPTORS G4ywde &od Cfj Luni*d Chartered & Slattttory Auditi)r Sutte 631. Litt HHII 162-168 Rtgeot Street Ddon WIBsro
ROYAL SOCIKTYOF SCiTL10 Coutents of the Consolldatsd Fknandai Stat¢mottts FOR TEE YEAR ENDED 31 DECEMBER 21J25 Group S¢rnttti¢Report Reportof tb• Trusttts Reportef theJndep•ttdetAndII0I% CoDsoJtdated SttsMeDtof Fina111A¢wltlQ& 14 CoToolld&ted etSheet 15 Compony BwlaD¢¢ Sbtlt 16 8olldated Cth Flow St8tetRent 17 Notuto thtcowlidxttd Cgsh FlowSts(em¢nt 18 Notssto tlt•ComsolMgted Flhwttetslstatements 19 CoDs•Ud¥ted D¢tsknl Profit Lo55 A¢¢ouTht 32
ROYAL SOCIETY OFSCULPTOIIS Reftren¢t and AdThiDlstradve Detau FOR ThEYEARENDZD 31 DECEMBZR21llS CroR$. L FoTd PRSS iTrasid¢nt)" ¢Jecd for awndtemi May 202$ A TebbenhoffVPRSS {Vi¢¢Pr¢5id¢rttl M Buh (TreasurErl A Geil¢ FRSS NHornbyFRSS E fvla¢ki MRSS WN Pric¢. temi extendedmay 2W25 JE Reeves E V Sassoon M.B.E' t¢rth ¢xtended May 2ff25 A Stonyer FRSS G B Watson B BeyerMRSS {completed term ofoffi¢eMay 20) RAN¢wnham FRSS IGo]npledt¢nll of offltt May 2025) M TCh4dwi¢k ITaThzavoi (8ppDint¢d May 2W) A Gtll¢Ti¢FRSS (appoint¢dM?y 20251 C Worthiti8to RECJSTEREDOFFICL. 108 old Brompiom Rd London SW7 3RA REGISTEREDFIUMBER: O(X)83239 (Emgl4nd &nd Wal} KkGISTERKDCHABfTY 212513 SET410RSTATUTORY AUDITOR: Gareth (hYetLHughe5 Bsc ACA Ir4D%PKNDEf4T AUDITORS: fj4rsid¢ snd C•. Limltthl Chwtettd AccoUfttt& Stafftknry Auditor Suite 631,Li]RL H811 62-168 Regent Str#t London WIB 5T0 Page I
ROYAL SOCIETY OF SCULPTORS Str#egleReprt FOR rn YEAR EPIDED 31 DECEMBER2025 The who are aLso dtiectots of the charity foT the pwpos¢s of th4 Co]nmi¢s A¢t2006, pr¢$t th¢lr rert with th¢ fitL¢ll[ statemellts of the chwity for the year ots131 Demb¢r 2025. Th¢ Tr5¢ adopt th¢ PTO1$[1ty of A¢countiDgand Reporting by CbaTities.' Statementof Reco]%LtLetsded Practice applicable to cJMgÉttes preptringthetraccouttts ID aCrdAnce with the ReportiJJg StwO8Jd applttsbl¢ ill the UK tyj Rw]bli¢ Of Jrel8Dd iFRS 102) (efft¢tiv¢ I jary 20191. PrknelpAIAetlvlty Th¢ Royal Society of S¢ulptors is orti# l¢rl memb¢TshiporgaDi5&tion We support and COTllLeGtsodptors throughouttheir Iw¢¢t5 aDdlr¥dth¢o)nvrtsiion abOutX1ptetjhVxibjtiOtt8 and evts. The sidY was ¢rt4trdmore th) 100 ye5 880 to ch8mPiOn Ct)nfftpor2ry gculptwt and the artists who create IL Today we w¢lcome everyone interested in exploring tkis artform 8rtd its thatty wsslbijities. Alw and Objetlfves In t4ovember 2022 the Board the efftllt stistegic th$ {id¢utified in 2017) Temaitt reJev2rtL However. the underpinnin8 obj[1ve5 hav¢ been reviewed 8Dd tspjated to bettet reflt the w(>rk achieved si]Ke 2017 and set a ¢le8r dir¢fflion foT the tUre of the Orgoni10ll whlch can E¢ pregeot&J pKoactivety to ow Potentiaj membul pubEi Stakeholdcr5 andfitnd Alm I Seryltt dw¢lopmeNt Review and the need8 of We b&ve coDiinued EO SJPWrt akd C4yllt our with a rntsE¢ of OprblItt¢s to ith deve]op and slh)vcw thdr ptxfknc< The Thre4d residuLCy in Scnega] was won by Cecile Joh¥th)rJ Soli2 FRSS and Lucinda Buy8es8 MRSS wott C8rraitt gCatTtsidwJcy in West Cori Irelrt Both resldencles •ered by the AibetsFobndat10ll. Hatel Rccveshaiss wL% awarded the Bilean Shoni r¢5id¢n¢y. W¢ are d¢lighled that thc BurF FouThdthn ¥I5id (formerly MÈr¢hoolltHouse) tspetted to Jllertsbetswio #nd wos won by Poojan GtamRSS. We offered anewresidw atWicL SomeJ¥etwhicb w&8wots by JulieBrixey.WilttAmsMii&8. Tr Royat Ov¢r.S¢asL¢Hgue offeT•I sniertwtiona] memberstheoptthUAity ts) participatr 2nagroupknatOv8sH02t l& Mayfair, IxJJthL. The th•Le was 'SpacesbiftltiB' Attd 11 Ylletybers IMI work s¢ketyL The show rat from Thrryd&y 10 July to SuodAy 14 S¢pt¢nb¢r. Member visits took pla to Coles Castings in DorJeL Me&wrs West in Wilthire 8t*d the Art Workul Guild fjnd tttew pmgt8mrne of visits forFeSlows we3tabE1$he Behittd the Stl0D0[ShoSEed by 18th1deVwnc¢Jlos¢olltÈndty &5W)tlithton EncmbErniYothg itttrrntionplly a5 we explornj thetrstudlos practiee. knityally IIv¢ SIre¢ to rn¢tyb¢ts only. th¢ how longfilms ttowav8i]able vi• ourwebsite. Ollr wotkai wd llxeetlw thttpks to th¢ comrnilmatt of th¢ ulptOr mpmt)¢ts ofth¢ PA) fostering agreatw)8eof tomthunity aDJon8 the mell)b&¥br Our I25 a%hilJÈtiot Ptoyatttme operted ott twery djilly Sabjrday kn early F¢bw with the Gilbtrt Btyes AMÉrd (GBA) wintier$ 2024 coh(rt show thtt3ted by Clertsettttj Cooke, Director at Cooke L&tb#m G4lltry. Nick Hfjrryby MRSS hoskd th¢ ever twuiaT $18m ¢¥¢nt in Jnid-FebnJary which 5Ks of th¢ participating Artists givcn just thr¢¢ muwtC5 to talk abDUt thelrwork The sbow moved to the Art House in Wakefield whet¢the op¢niD8 on WedDesd&y 28 May Coincided witha Jn¢4nb¢rvisiityThe H¢pwortht()8¢dHel¢n Chudwi&'s¢mthibirL
Grnnp Str8fyi¢ RtPDrt FOR THE YENDED 31 DEeEMBER2023 Alms and ObJtetlYtS- ¢ODtthued OursetOfLd cxhÈbitiOTJ of theye&r, Inllir Spo¢4 opettedoll Surdtty 29 Marth The sbowbrwghttoBerhtrworkby Alig)n Cooke MRSS. Rebecct Grffflths MRSS attd Hatriah Hojwwill hlRSS following thelr testdencies at the Red Hou5e- the ILOtDe of Benjtyin Britkrt atsd Peter Pears ux Aldeburgh. Suffolk betw¢erJ 2020.2023 - which h1 ixen orgattised by the So¢itty. The&Yhibilion OT1Kio #t Dov¢¢ot Stydio Gail¢ry, Swe Maittugs sll late 2024. The abow c£sincided with th¢ Ea¢r holidays and we ran a n¥mb¢r of workdK>ps exploring c]y a matuid and th¢ of shadows a5 well 85 hosting 81Th ¢onversationMtb the8rllsts Mod8d by 15th] de V0Cello$. Th¢5Wthlsy¢arw$se]e¢le aDdelltatyJbyPolly Bleleck4 G8ikryDlc¢0r. P0] Lottdon&u1ptteG9]1ery with the thLe0f'ScuJpts in the Hothe.. With lkn House closed to ertable wotksto the b8sementto t¢githe 3boww held at BurghHouse inHampslea Polly selected over 70 works from 417 submissions. The witiner of the 2025 Best In Show Awa geety 4)EOr by The ma Ch8ritsbieTrtt which Supports around 4QO dwities every year, was Gabriele Rlsso NJRSS for his wort¢ Still Lifr. Charles Mieklewlllghi Tnw ar Th¢ Marsh Charitable TnBtpr¢yellted the aWd at the opeLill8 that w&% allended by mthethan 150 8uesL8. Th¢ exhli)itlon from Weth 16 Sujy ty Surtd&y 21 S¢ptethbe¢ attd was s¢¢n by SAOI visitor& We eXd our th8DS3 Colleagues atBEwBh House who made the te&m 2nd our mernbers frel wel(x7rne. Beyolldexhibition4we oEfer&aoFpJrthitit5to membersand TrJTr-memberssiÉke. FIN Plill6L' lblIcAnAW¥2o25Which is g¢rJ¢rousty fijndvd by the MiTis¢h & L¢bertheYm Charitsbl¢ Foundat10 r¢¢tivgJ 97 8ppIi¢8Mon& B¢a E481ttes MRSS w&q 8wJounc¢d &%th¢ wtttllViD lakApril8nd r¢¢eThf¢s £15,(XN) to produce a IttTg&s¢•ksculpture forthescuJptweterra¢e 2tDorn Hous W¢wue iftvitedby the All&andLw Tenrtisclub supwrtheCopetsQntoc0mtllisgl0Tr aStweofsirAndy Murrny be located ai Wimble( Tow4rd5th¢tndoftheyw,wew¢T¢8kn [ni10cdtO r¥nth¢ wmp¢t%tion forn¢wTr¢D%oTial •tth2Nati(IAthrdufft. Appli¢#iorts foT the On Th¢R¢¢ordmeuLoriqJ cQTnmWnorntg Britisb Bnd UK.b8s¢d jownl#S who hJv¢ lost their11 iti Dtlict ZQS)¢5 op¢ntd ¢)n Sunthy 2NovDb¢r- IRt¢n)ati0rt8] Day to Ertd 1okPUWty forcrimes Agll SouTttalists. ASM 2 BDskney$ ad m8rketlkng dtvtlopmellt cre in W¢ O])88a7tiCJpSItd itilntem8tioDtl Sculpture D&y on Saturdtsy 26Aptllwith&talk'S¢lllpttry PllblicReftlm andsoft Sustaabl]ity. delIVer by lyan Clarke, Drat]lI]Imetre ill collvers&tio# withX8yvetJn Shaieigha IYClgrkMRSS. The wern 45 iuth¢ gudiED( & DornHous¢ with fiv¢ joiDuJg on Irrt¢. We Were also piw¢d to Fwtidpate 08aill iti K¢n5ill & Cld5¢4 Art W¢¢k with th¢ Art Bus stOPPth8 It Dora Holly on Surd&y 28 Jwi¢. IJJ July, we w¢J(x)meA the faEDity of ADneArheTh CBE FRBS {1882.1962} who the fjrst ftmai¢ FdIowof the Roy81 So¢i¢ty of British Scu]ptsT5 as ltW the to Dora Houx. They dorAted AnnrfsCBE m¢dal awarded in 1919 toth¢ 4rthi fjoiningherpaperswbicbhwJlrwJy betD depoSLtedl. tn 1915 An joined th SUJEical RwisTles A&sociation (SIL4X an OTgaRisation set up to supply y4Écal for wounded 501dle However llL4e8dof rolling bemda8es. Anne'5artisti¢talents ledto herpioneeringmoreeffcctivetreannellts for wounded soldier& Atmed exp&t knowledge of thc hum al0Y gatiied frorn her VIP18 wietw ADne invenkd the ftrsi allatomieally ac¢urnts Splints wbith allow soldier5 with broken bo1 to heal InrecogDitiollofher w(wkwhidi l%&iedw m*Jy. Attne w&8 awwed th# CBE inFebnJ&ry 1919. Pag4 3
ROYAL soc0 SCULrrops GrnupStrat¢gkReport FOR YHE YEAR ENDED 31 bECWER 2025 OWECTIVESAND ACTIVITIES Alms and obJe¢dVtt-eolled Achieve ujsrctai The Suppliets. Citcle iSA s¢lection of rei¢vallt indUry specigjists which support the Sjcaety and et)gage with ourmembe Thas eW 2025 with ttew mernb¢T5 SbJdM) ResErf)nse. Gingko aE GEM hotel& ThE Director hosts on line meettngs wi¢h t n¢WTubCr of the ¢ileI) that they disc their servictswith menj Our hire clients in 2W25 tn¢luded a llumber of wlvate partiei the Roy81 College of Atts attd we w¢re dejigbted to welcome back Cr¥ffts On Peel to Dort Hottse for Imdon Crnft W¢ek hfay. Their pre8¢nwioD "Ety¢bra¢lrtK C conlle¢tg Culture" drew 332 visitors over six dtys including Yjona Clwk, DeCtorcerI of the Hong Kong Ewno]ni and Trade LD Lolth wrted thesbDW. Law intheyjmmer indepentealots1Bdjra Dywebayev&Ziyakk andMaTH1neI a15(> bircd DvrnHouse. Thewshow, 'The Plusure of N4isw' includes work by GrRknm Gussi Holly Hendry. Am4lw Pictt ond RichBTd W¢ntworth aUrH¢t¢d over600 visito Alm 3 Building devekpment iduiand most build d facs]iti Work b¢gon in c on Cr¢rtting a FIome for Sculptors led by thebjilding committeewhich i8 chaired by Trnstee Gordon watso Following atendet process contractor5 WwJm8n & Blount w¢r¢ app)int¢d w Juty. Howev¢r, thvy¢aT proved tts frusirntioncw1th0¢U5T¢rtig0¢y¢lep1awaterandWtsMmationUtteXrrtCtrYIrnrKjSed0nIhepjerf.mEtttr$ were mle wor8e by a ¢yattack OTJ the RtsY Hotough of K¢ttSiDgton and Ch¢Js¢a whith affllY¢1Y shu¢ down the pl?ningdePArtmentill November. aresuli WOTk ott sit¢ Wosd¢I8y usxtil rty 2026. FundraicontiJwedwith abjndraSsbdkntstr hostsd by th¢ President8ndNi& Hornby FRSS ¢)n Monday 16 )uD< Gr&nts CORtiuucd to awarded tOWaTd5 the £lm tQTgetthroughoutIkey fiun MlriKh & Lebeth¢itsJ Clwtt&ble FOundl0.the GOI¢)rt FoundtttiotL, the Bridget Riky Foundation, the Charlotte Bontwa-carter Charitable Tnl The Woolbeding Ch8rSty and the Mallknckroth Fouttdatioo 45 w¢ll &$ ind1vid1On9tIOns. We have continued to work wqthourloc41 fIld& aod Eki8blK*ur6 itr th¢ Cult 8ttdoAutsOjd o]x8tyiwlOa¢rO%4 South KettsthEtortto accelertteworktowar&sb¢ingaz¢ro ¢thna] na¢&%)51tiveThtIghknuTh0od by2030.Th¢arnbitiOU5PToject calbj SouthKellZeL+ i%futtdedbyThe Roy8tCommi55iOD foTthe Exbibition of185l.OwDirectorpaniciparesin LWO work str¢amsoround pn)fAJm¢ttt attd n¢iEhbwrhoodvisio Bill Pri (DeCtOratwSp 8truCblle#Slneern) isowBowd cbampitin l¢adb)gm #8¥&bIlity. Ahx 4 Or2A)thtl•n81 dovt10pttt ¢eof chari 7nJVary, the Board awayday- ledby MareÈd OUiourk¢. T¢vi¢w¢dth¢¢xtq#kn whi¢htheb¢)ttrdondth¢So¢i¢tyembr uality. diversity. and inclusion Sod id¢Dtified arw for imprn¢nL Thi5 W05 foltowwl by th ThJt¢t thills iudit in septemb &%the Board plotssforbeytsndth¢ ¢>pit81 proj¢¢L 69 mejnbersattded theAGM on Ttytsday 21 Thi%yellr itTr¥4s held via zoom to t&b]e &5 MnbeT385 POS5ibie to p8rtiCLpats. 0gUestSpewFremyyItionl. found¢rand¢urntOTof CLOSE * whospokeabouth¢r¢Kwi¢rtce of wothngwith artiSLS. Pag¢ 4
ROYAL SOCJETYOFscuLFfoBS Grfnp Strat¢gi¢Report FORIEE YEARENDED 31 DECEMBER21ZS Alrns4Dd ObJe¢ifv¢s-toNthiued blisbo TrustzeJaDeRe£ves isour BD•rd champion leadill8 on equalty, divetsity 2nd irKIusiorL In Oclober, we WOTked wsth Spot the G8p onovrthiTd M¢ni%r¥ Diversity survey. There wer¢ 148 reswrw the highest reb]rn in the thTe>ytt2 period. This intyc&s¢d pprti¢iP2tion Stre coftfidet in th¢trd$0b8eTrd and proviths a£je4rplth1Ie of the Society's ¢Yolvln¢ mcmbetship profil We2150 8meDJb#sblpsatlsfÈctlottm to h¢lp the tC8fA uttdetsthttd wbat ra¢mb¢TS valu¢, wh¥rGhwth¢y might like to see and whethtr memkn$hip repr¢SCntsvue for money. 132 of 753 Dembets responded (1¢. 17.5%). 8 & tt42ll we were very ple&sed to s¢e th¢ Fighting wlth Prlde nsettt0ri at Th¢ NwioD81 ArboTdum unvtii¢d by HM ThE Kltt8 in O&ober. We were n15510[1¢dlO nm Ihe for thcrn¢rn0T[ which waswon by Abryxas Academy. deve 0Urstaff& vol We said f8rewell to Lonaine Paial ow awtyrds and events manager of eight yets Ért Jun4 but wert delighted tfj w¢lco]ne Eilidh Ntccormick who jOid th¢ team tttend of October&sour new R¢sidenri¢s& AwènJ5Jk&n&ger. Eilioh joined u5 from Everard Read whete sbe wL8ga]lery nJBt)4tr, but W&S PT¢viousty Visual Artcurnknratthe Royal Over SeLqLta8ll¢ Altll 5 ExternAI relatloDslEIpJ Form strate ' rel&tion on5 with k ID early Apri] webo&e4th¢ Kcns2ngtyn aBd Chelse Chllber of ComrneTrt with 51 PEople aiMdi The group Is att Ittrt bllsinrss n¢lwork commitd to help businK5¢5 ATrd to ststairL & SJCCe5sbJi business toJllmuDity ititheKetisiti8toll & Ch¢JsM and Wthinsler b)rou8hs. We siso wel¢onJ¢d the P8tronsandDiTectorofCAmden Arts C¢ttty¢to I)ornHou3einJune and hosledThe LIjs110kI8y0cb on Thursd4y I l Dwiber. PregidenL I Ford w&% in conv¢rwion with The Line's Dittt)>r, Sarah C8rritt8ton. 34 opley)iDEd Wewcrc dclightsdto join theLondoft RtsidwNehwrk wbi¢h ptomote5be5tpta¢Aicefotrtsidenci&41nL)Ethrt th di&igut ith partners botb itj the UK d intmW¥onolly. aiming to provide a nettwtk of pters for creativ¢ PT&*tion¢rs ill-re5id¢Dce ss 8Ad supwtthemberorgauisaltoasto share Te9)WfCS 8Dd ide& Page 5
ROYAL SOCIETY OF SCULPTORS Grgup Strategle Rwrt FOR THE YEAR EI¥DED 31 DECEMBER2025 A¢b1evme and perf•rnDt Thisyear. the foctss beertott'Cr¢aithg&HOpM¢forScQT1.. C¥olin¢,togeth¢r with th¢ bulldu¢oIOO>1IIeeadastna[l fijrtdrwig 8toup. h8$} th)tinB hd to Whath b¢¢tt ¢ttvisioutd will t¢ wG¢¢ssfully deliv¢rt As bulldiDg proje4th¢ iwyo been s1]fit¢alIEge& dthiS on¢ is no ¢xwtioD. Carolll a5 ¢YEr. h48b¢¢n not1ung5horto£exrptiot, novigatsftgthcsc compluEtti05 with detetall0ll4nd skill, svpportedEflL liant]y by thcbuikliDg ¢ommitte¢. My 5w¢eTe 80 to Gordon Watson forhis expen leadersFup as Chair, ro all member5 of the wmrnsltee foryourongoing commitmurtallddethc•tioJ. And8cid thonkyou to Andrn who has betnkeepittgavery careful eye on the numbers. Operating without aglllery h85 at80 preted Its cEwlJenges. C4roiirte and htrteam TrAvetLynded with ¢re&tivity and Tosiliellce. securin8 a]ternative venues 10 enswe that key events such ts the membe SuEDJtier Show could still take place. The Christsnaspgry, held atthe magi¢8J Art Worker4 Guild iti Bloo]n£bthy. w&8 a ptrticujar higblighL ltssid¢tLcie5 and opwIttttt5 kne tntilld to deve>Jp alld ww. Abig th8Dk you to MaTi4 who is alwuyson tht lovko for opsthmitie5 for 411 of u5, and 8 wami.welcome and thkS kn Eilith who JJa5 joujed the tram b¢¢n (bu)g ¥JL excellent job coordinw residettcies attd exTritions. lkn Zoom swions ttm8iO Att i0)Nrtt P8rtof th¢ withmetDts IntreIRIY tgkiD2 the initlttive $h8p)ng their contsnt and direction. I would Sjkn ty extend special thank8 to u¢utptor trustees who lead thcse 8e5sion5 Such generosity. 8iViD8 their lime and e4xrtise support fritow and foster 8 sense of La)mmuotty•wDJethiog that is ÉDcrwingly lead2L8 to in.perg)ll ttteet-ups. l)z ta]ks Proe-In¢llldJngML118Pl1Ep0wrs, Behlndihe Sft{O Doors, and othws.ba5 0)lltiJiuedto offer andUÈ-pToyOking wnvenS. Th¢Jetdlks th)wf0 avduAble and 8rowÈngrt4w¢4 ac¢¢55ibl¢torn¢mbcn viao Ire0£baDrt¢j. FknwKklRevlew The Societyhaq decldedto ts8ke &fttrfherkntioLfros0 i¢$EWei¢tedsUhtoaIpleMethsIts0f buiJdS08 quid rctscrve5 (to a level suffiti¢nt to meet one qu8rt¢r vttypicol op¢rn¢in8 W5ts) and th¢ totsl Bthount held iti reserves £81.338 ID¢5ignated Fund). Trt%5ureWs Report Durtng the fillan81 yer ettdtiiE 31 Dec&llber 2W25. the &iety wntittlled to dejlver wport for its members 8Dd wider actess kn sculpture for the gujerai publto Thii is th&th to b)th the pnftssiotI staff and comEDitted gUJWt of ¢xtuwl advisotEs1Sting on apro 1x)j b&qls. The letyremaInSkn astable Ex)sitlon, iftr8elythth trj members. Dllrittgtheeourseof theyetr,44 new members were el1& Lxthubtdly attracLttI by the seOf¢0m]Lty èndthetr8m¥fo¢us onywrutigmembers theirpnctice 1Tre key sour¢tsof iA¢om¢l&¥ dishts¢t fmty PTOPth ba.$trirt¢d' fj)Mds) w¢r¢: tbershIp fees £169J24 (21n4.. £161.174), T¢ £ll7,688 {2024.. £1(K),125), ur#$¢¢1¢d dou[03 itidudin8 #Id £25,787 (2024.. £24.972)Total uDrwtst¢d inWJn¢wLI47,672I20l4:£5o724Ol. Pa8e 6
ROYAL SOCIETY OFSCVLvfoRS Croup Strategk Rtport FOR THE YEAR ENDED 31 DECXMBKR 2025 owEcrivFs ANDArnES Fknanclal Revlew-¢ontlnued Totsl restricted ie w&8 £574.829 (2024.. £229,746). the ll)cre reflthg fiJtthith8 for the bssement refurbishm¢nt for the Creating B Hojrye for sCpt0Ts pFoje¢L Workon the b&ttDtllt Wtnmett¢ed in 2026 xo the knJ]k of thi% fjJnthak5ing is [¢ll¢¢tl knth¢y¢ar¢nd¢a5b holdi Totsl r¢y)uw¢s¢xp¢ndcd in 2025 were £3lS,89J (2024.. £447374) of whirh unt¢styl¢1¥jdLThgW$S £255Jo6(24.. £290,670). This[ethtIOnreAectstsghteoslutr0IfoT2o2s ospertofprepèrationforthebastmthitefurbishmettL Thethiual coujts show asurplus ill Llthdttig of £606,60812024:£89,618) TrbulldiDK74wpmfEssitsDdiy valued UJ 1999 at£950.LhNJ thIS valEteha3 rtsnalned itt tt& (a)ththereafv. ThE SoviEty i$0 in&bte4J to NickRockett forhis pro workin prep8rin8 th¢a¢¢ounts. Mrk Bttr4 srRUCTUR4 GOVKIINANCEAf4D MANAGEMENT Goiti8 ¢fyrt¢¢r TheTrtxtees¢onsiderth&t8rello tllriat uncutainiiesabjutthe charity'sabi]ity to contittue&84goin8concem.The review of the rLpanci position, reserve levels alld fijture plans in wti¢ul8T th¢ r<furbI5t)mt projEct for whi¢h wfficient fvndiR8 h&% been raise VeS Tnjstees ctsttfAdeo¢e th¢ dwity renwis agoiDg L¥Jncem for the foeeable fimJrL The Society wa5 founded in 1905 18 a company Itmited by guyrunrt not having a 5haTe capiiaL and its govrrning document i5 its M¢mordRdum and Anicle8 of knclatlothL The Boverning Y {tw th¢ AJbnua( fj¢nvr81 fvfy¢tirygs) 15 th¢ Boa which con5istsofthe PtesiduJ4 VI PrestdeTrt•ndupto tw¢lv¢ oth¢r T¢t5. They also dinorsof thc wmp8w th¢ of th¢ Comp1¢5 Act 2006. Membership of the djarity is open to ail ptvfe55iQDaJ sculpwts but is selective oa th¢ qti8Jity ofthttwwL Re¢rnltmtllt and tsppolDtment of uewtrustc The PrtsidenL Vice Pre8identatsd the tr8iority Orth¢Th mu5tb¢MtmbeTr orFellow5 of the Cbartty, buttheTru8urer )to fowTnMee3are LotreJ4uiredto be sculptor5. All Trust¢esaT¢¢l¢¢ied atthe AnnuaI fjen¢raJ M¢¢tiBg(AOM). They r¢ foratwm of threeyears artdnewTrusw tske office atth¢ ¢nd of them¢¢iiD& Th¢ Presidtnt llndVi¢¢ Prtsident alsoholdofficefortheyt8ts8ttdm&Yb¢t¢dfOTasottd le. FollowingeXp0fthPS0ndlC neithttthe knsid• ]wr VlceprewdB]rt4 ¢liylJl¢ forrfr¢l¢diorL for one year. Trn5t¢e iDdBrtioB & ippratsal New Bo&rd membeys &re refertred to th¢ Ch8rity Commis5ioTr and Companies House advice abouttheir r¢5pwibilities slld an informaI tllthJ¢EiOtt led by the PsdentSlDireLTtiTtktS place aheadof tbeirfitst formal meetitt&NtwTtU5tee58rea] prnvlded with a gllidewbickn sets ou¢theiT du¢ie5 and re5wnsibiiiti&s attd the contiibution they are expected make their *nD of offi¢e. The perfoTm8n¢¢ of ea¢h is mIeW lal slld those sthdiDg down ere inwted ¢xit teview. STrucTUC0VERHANeE Af4D MANAGEMENT Dtttslon Th¢ Ho8rd fo times a year and 15 respoTrIC for thing th¢ stra¢e&i¢ VISI wli¢y, pro¢¢dvres Ond ¥MM4 Th¢ Board works to ¢nsur¢¢ompliance with its le8al duti&% to.. . kntinth¢ 5lli¢rtAsof th¢ Gharity . Prot¢Gt Qnd safeguard thc assets of the charity - A¢twith r¢wnable ¢areand skill - EnsuF¢th¢ ¢h4Tity a¢¢wntable
Gn)up Str4teglc Report FOR ThE YEAR EfiDED3I DECEMBER2023 STRiicfuKE, GOVWIANCXAf4D MANAGEMYwf- ttyllthixed Th¢ Board delcg4t¢s unpim¢nWorL tLI a sru811 of {qDpby#8 frtekntrws Srtd volunteers) derthe dÉtt¢tion of Caroline Worthington who i54b) Company &¢rElQ. Tht 5ruJptor tutmb¢rs of the Boord forrD theseleetion pallel for llew rnbers. Risk Ybe Trustees have a duty ty iderttify attd revtew the tisk% to wbich the dwity is e81 to eDsJT¢ prol ¢OnttDts are toptowidereawble a4llr 8B81ttst fraud aodermr. Thr Bo8rd b45 revi¢wed the major risks tud is satisfied tbat 811 JA)sslL >le pr#2UtEOJJS have Fen takeD to tru]$¢ them. ern41 systems ond predureS are iti pSa¢e to cDrttroI til fjnattciai transattions that all lIVI¢S comply ryth T¢gulgtions ¢ov¢rin8 th¢h¢alth 9t Sety0f$taffj voluDteers andvisithrsto the Soci&y. ON BEHAL OFTHEBOARD: L Ford PRSS (FresideThtj- Dw¢ctDr e8
ROYALSOCIETY OF SCULPMRS Rportofth•Trusttys FOR YXAAENDED3A DECEMBER2025 The Tnjsttts, who are aJ80 direBtorsof the GroLEP I'the SoGiW') wdthe ¢heritable Company {'the Psrent')pTrseLttheir r¢pDrt withthe CotwTrlld8ted fJoap¢lAI SL8t•JEnts oftht Croup qnd th¢rhgritsble Complry for the ye8reJthd 31 Decemby 2W25. Th¢ Truswsbown l0h&v¢ h¢idtsffi¢¢ ¢tsllngitLewknl¢ of ¢h¢ Frtrfodfrom l J¥lluw 2025 to th¢ d8ts0fthS$ L Ford PR lfvithat),. ¢lert¢d for aSond tetrn MNY 2025 A Tebbcthoff VPRSS (Vice PId) M Burch (freatsw) A Geile FRSS N Hornby FRSS E Macki Ss W N Pric¢.' term thytended May 2025 J E Reeves E V S88S(Mm m. term exttryjtyl M&y2025 A Stonyer FRSS O B Watson B B¢yerMRSS Icomplettd t¢rni of offi¢eM&y 2W251 RA New]Jbam FRSS {complet¢d tetm ofoffic¢My 2025) M T(kniGk IrBm2aval (appointrd May 2025) A Gill&%pie FRSS (appoind Ilay20251 LEGAL STATUS The P2TentcharitableCompeny, Royal so¢i4tyofSIPto iryaoThparEylimit¢dby gwane. Themembtr8ofthe ethe Trtee5rJaBltdon pAgc l. Un&TthetQTrnsof th¢Memow¢kn ofAswiotionsl¥wid the comp2Dy be wound up #nd in the event of a deflciertcy of &%set4 every metllber undert8kes to L¥]trlbuts not MO thtt £2 for the pa>4nent of the compwy's li8bilitie& STAFF W$ would lik¢to th4pJE ThuMrrforhwork to swort thesumrner wEhibitso PUBUC BENKYrr The Soci¢ty'5 aim4 objectives vnd tivit[e8 a5 set OUL LD the (ITOUP thiegic Repon are widertakat for thc public benefiL Wbett reviewing the airtis 8nd Éctivitles of th¢ Socirty. the Bowd du¢ regard to the Cknity Commwion guidate on public bwe&L OUR PATRON Th¢ Royal So¢i¢ty orseIp¢orsW8s first awwdedroyai patre in 1911 wh¢nitwa5 reKwisedfor 1ts5¢rvic£stotkn artof sojlptw GOING CONCEIUY The TrteeS conssdcrthere gye no ma(eral uncthtsinties abDUt the Group's the clwiteble Company's ability to Continue asa8oing¢oncenL The review of the fin8LciaI posirioL, reserve leVelsd 6JwreplwL4 illpartIlthe refuLbishmentproJe¢i forWh1thCla?t fill)geSbeel1Wv&4TreS¢OfidencetheG1op remainsa8oingeon¢fOrthe foreseeable EVEN15 SINCE THE END OF THEYEAR There w£re d8Dlfic8ttt evw slty¢e the eDdof theyeaT. VINANCLiLRISKMANAGEMEwr
ROYALSOCIETYOF SCULPTOIL8 R¢pDrt•fth¢ TtU6te• FOR THE YEAR Ef4DED31 DECEMBER2025 Sollthors 80 mOt Street NO(tirh0fft NGI 6HH Roy81 B8nk of SÉy)dBJbl 49 Charing Cr055 London SWIA2DX Kings Hill Avenue Klngs Hill J94JQ ATEMEwfoTTRUSTEESI RESPoF4SIBlTlEs The ThJ5tees (who 8r¢ alw the dir¢ctQTS of Royal Soci¢ty ofsculptots forthe wrposcs of wrDpBny Illwl Ere tesponsÉbl¢for pttP9ring the Rep)rt of the TTU5m and the fiDancaai statertts in acrd with appli(ble 14w And U¢lted Kuigdosn Acojunting Stsndardsluniwi Kingdom G¢D¢rally AcCeptedAr%otingPr2ttlcej. Company l&w rqusrKtheTTll5Ecu to pr¢pare fina141 statemcnts for tach fiThlln¢id y¢ar which give itnte attd fair view of th¢ststeof &ffAiJ¥ofthe£IwitableCp8rtYOfthC itwmirtgr¢9)ur8ttd spplic#ion ofrth)urces. includSDgtheincome and {pilv, ofthr th8Tt¢ablc CornFW for thatPUh?d. In preparllwthose fMciwl m¢nts thrTh]ttS aTe reqtstr - se1#tbleactoUntingI1cIes andthen appty thtttt ¢OmiStetttiy,' - observe the mthds alld prÈnciples ill thecharity SORP. - jud8thell[s estimatesthat aty rewnable end prudtsL' - state wb¢ther applicable c7ngskndaTdS twY¢b¢¢n follort sfyi¢ci to ar¢y rnateri depart dis¢losedatyd 4¥plÈi]J¢d kn the fittJdal state[llen. - the ffflsnctal statementsort the gOington bis i5 in4ppropritr tty presumelhatthe cboritobIe company wtll ntinUe1n busin1. Cl posltion of the charttable Company to ¢nable th¢th to ¢nsuff that the Ih]ancial swements comply w?th the CompAni¢s Act 2006. Th¢y ar¢ ts1&> resronssbk for safeguarding the as%tsof the tharitable Cojnpw 8ttd bCe for tskio£ re950nable &trps forth¢ PTev<ntion Jnd d¢t¢i¢ioD of fraud w%d oth¢T irregu]aritse5. . i$Th) relevADt wjil informll of wbiththedwitsbk Compenl$auditorsATe uNware: 8nd - the Trtsswhavetaken all steps thatthey ought tr bave taken itsmAke thertyselves aware of atly relevaÉrtaDJit iofoTmallon •od to &stabll$bthatthe audttors are aware of that iTrformatio AUDITORS Th¢ audi Gornid¢ tyd Co.Lknlie4 wlll b¢prOp)S forrnaPPOiJtyttt at the fortbwmhAnlJ&l GeELerBI Nieelin& ReportofthB ThLttS, tutorpoAtitiga5tr4¢8tG rwrl approv¢dbyoYdwof thE b¢Ard (Ff TTUStw &sthe cA)mPBlly dtirctor4 Zg..b.PAL.2rA6_.-..... #Rd ory the B08rd's behalf by.. L Ford PIiSS Trrnsi&n¢). T Pwlo
Rtport orth¢ Indepdent AudltorJ te tbe Members of Opknion Wehave audidthefitwd81 statutteutsofRoy4lSo¢iEtyof SQp¢0[sIth&r¢ntWmPlly5 8nd its wb5idKuTie5(th¢ up for the year endej 31 De¢ember21f25 which ti)mprkse the Con)lidat¢d l#wm¢ stei CowlidHt¢d Othcr COmprehe8]VeI0Come.cOljg0[5dafedB2lalltt SWCtsJllpatty BAlanctShttiCoJ)solid#t¢d St8t¢m¢atofCb4Dg45inEquity. C4>mpmy Stthrnent of Change5 in Equity, CoLwiidated F]ow Statsment 8lld Note8 h) th¢ Cowlldated CAth Flow St4taDenLNoteyto the FinBncial SiateJJent4 includhjg t0ary¢rSIgiScafttÈcL%jltitiE policie> The ffftallei tetthtinR fKamework that ha8 been appl Irj thetrpryBt8tlonlsAppJi¢obk law Èttd United Kin8doiD A¢¢Oting in¢luthg FIll¢tal Retx>rtin8 Startdth)I i(r2 Tr Financial Rep)rtirtK Ston¢Jtrd 8pplicÈble in the UK JDd RewJbli¢ of Ire]ar. WnittrKI Kingdom Geneyalty Ac¢eptedAccts Prxtice). lo opitilonthe fmantial stat¢ra¢nts: 8tvt a true fair vl¢w of stHofth¢ uty5 gnd oftheparent WTDpRny affalrs 85 & 31 December2025 of the group's profit forth¢yc8rth¢n ended; . h4ve b¢rn PTop¢rly prepar&S accordance with Unltsj K2Dgdom CeAllY AcceptedAccoutititigPw aod lthve b¢en preped ID accordaDR withthe Lrquiremetttsofthe Companies Act 20(kfj. We wndu¢ted ouraudit in with trttematitinaE Stsndard8 on Auditittg (UK) IISAS (UK)) 8t 8pplithle law. Our rc5wnsibililles unts those and8rds are fjxther dtstylbed lrt tre Audltors, rey)Th871)tlitiC5 for the ait of the fiDèllLI SfStemerLts s¢¢tion of ow TrwrL We are indepeTrd•Ji of the acLI)rdaYJce with the ethi¢aJ rffjuirniemy that st¢ r¢Jevthtto our audit of the fin2ciai 5taternents in the UK 2ncludin8 the FRCS Ethical Standard, and we have thired out otber ¢thit81 rrsTrons1l1ilI¢s in awordanctwiththese requinems. We Ixllevethat the audlt evldence wehAveoblailled lent and appropria to prrJw¢k a btt8i5 for our opinion. CoDclo¥low rel&tkngto golng tobetrn It) auditing Th¢ finon¢ial s¢nts, we haveconGlu&d thatthe directorf e of the8oing concern bA8isof the prepardtiOL of the finawal strLakts isapptopri&e. Based on thework weleprOnEd. wc htsvc not idthtifjd aDy mttteriAI uncert£intics r¢latingtO CVthtsorconditioD5thaL individually orwlle¢tlve]y. ztw c&%t siwuficant doubton the gtuup's Énd the paTeDt cotDP8Ly'S abi]ity to L¥)ntirLue ¥ 4goiDg L¥)D¢¢rn for a PETiLklof lea81 Nelvemonths from whenthethellctoj Statem& are rthorW fot t& Ourttsptsnsibilitlesandtheresponsibiliti¢softh¢dirKtOT5withT4spertkn 80ing wn¢emaredevAibeA iBtherei¢v4nTsedon5 of thISreL Other tsfomatlon The directors are rwnsible for th¢ 4)¢IKr infonnation. Thc othu information compri5cs the infonnation in the Group Strat4i¢ 142rtndthc R¢portOftheDiTecT4 but do&8not include the fjnancial statsments andourReportof the Audttois Our opinion on the fil)at st8tetLeoty do¢$ rtot ¢ov¢r th¢ other Infonllation art exr4t to Ihe exte4rt otherw1% explicitjy statsd OUT reporlwc do rh)t ¢XPTtS5 any formof assurw)ce conclusion th¢reon. In contsectiots wlth our 8udit of th¢ fujancigj 5tatemelll4 ourTt5poDsibiiity is to Tud theother informatioll and. in &)ing so. ¢otL%iderwbeth¢rthe othcr iDfoThoation i8materialIy itiwnsisteni with the fuJan¢ial statementsor our knowledgeobtsiLedAll the audit or oth¢Thvts¢ appe•ts w bE matUi8lly misstat&l. If wo identity such materioj itOnsIsol or epparent mwetlai toi&tst¢m¢nt4 w¢ ar¢ r¢quiYed ty determifte whetttu thss glves rise to t Jttakria] missiatethettt irt the fitwJciaE stateMts themse]ve% l£ btysed ott the work w¢ hav¢ perfOJT0 we conclude that there ts a of this other itthnry8tion, w¢ art reqLUTfd w reporttbatfacL We havettothiJJ8 to report in thisttgard. Oplthlons oll otlr matttn pmulbed by the Companlry Att21k16 tnour0pi0 bAsed on th¢workuDdestaken iti th¢ ceurse of the audit: th¢ infonnation giveD in tho Group ste%le Rwrt 8lld the Rewrt of the Directi)rs fr the fiooDdal year for whlch the fiDdncial &atwn¢nts Qre prep8Ted is CODSiStent with the r]n8n¢iai statemettts. ond th¢ Grow Strategic Report alld the Report ef the DiTeLtrs bave beett pwared iti ¥cordattc£ with 4Jpliesbk Iwi Pwii
Report of the JndeptDd•at ARdltors tolhe M¢mbtrs of
Royl slIty of S¢ulpion
M¥ttert lttwhithw¢ rtquirtdts Tejrtbye¢eptlO
In the Itght of the ktedge and ttaditi8 of the group and the parent tompslly atsd its environment obtaet% in the
courseofthewdiL wehvenotidentified material misst&tethetttsittthe Group Str8tegiCRq)DrtortheR4oftheDiT0CtO
We h&ve wthuig to rep)rt in reSFeCtof the followlllgmallers wEwre the Comp8nl&8Art2006 tt4UinUS to Trport to i£
in ouropiniotL
. ad4uate accou records have not kept by the parent compwjy. or adeqw tor our4udit h4v¢ not bcgn
eived from branches notvisited by ¢4 or
the pareDt ¢omp8ny financial statements are not in a8reemeJrtwith the accoutiting rea)rds and retsmi4 or
eertAiudis¢l09j ofditetttOTS' rewunthtion 5p¢cificdby IBW are Dot ru&de; or
w¢ hav¢ not r¢c¢tved tyu the iDformation end cwigmatsoiB requitcforvur wjdit.
R5pon8lblllti¢s of directOTS
As txplained more fuIly in tbc St8tw¢tLt of Directo, Rwonsibilities sctout on pw ttv¢lv4 th¢ direttOTS are resExwble
fr)rth¢ pr¢parntionof the fuwi¢iHI statents and forbeingsati5fied thatthey givt atth and f#vieW, and for$uch ltttem81
contiol as the d¢torS dcterniine necessary to en8ble the prep8Tation of financial statrm¢nts fff¢ frvtn
DiiS5MtemenL wh¢ther
lI¢rt•1the IBdtpelldeDtAthn to tè¢ M•wlKn •r Rgy•lSo¢kty ofS¢ts We ¢on$idertd the exteTht which non-complia might have a materf81 effe¢ on U fwan¢ial $11t¢tneat& We alao coN4deTrd those laws Ind T¢10n5 that have 8 direct inpa¢toft the finJrid 5tst¢m¢nts such &sth¢ CompLeS Act26 and the Cb¥ities Slaietntstof ReLyMnrn¢nd¢d {SORPsl FRS 101 The gtOUP aud the ¢baFitsble WT¢ subject tsj la aBd regoladolls that ¢tr¢tty affeet the fin81 sw¢m¢Ms i[dIng fi¢18]r¢pOrtin£J¢8isIa1lw4tfjXllt10n le$]&110n(PaYIollf&%es).a1psiOnlr81sj1(ion8udWCrS3¢dth¢fteErt of compliattte with tbtse law5 aud T¢]atiONS a5 partof our proctrjtweson the r¢lat¢d fjDAn¢io1 s¢ot¢m¢rdS it¢m& As th¢ wup and th¢ dwitsbie Company are re8uithJ. ow asgssnx¢rL¢ tsf risk5 involvd gainujg In w(r5tsndin8 of the MWI srJ¢ludiDg th¢ group's the c1]e comp$ pro¢alurL% for ¢omplyirtg witb r¢8uiatory t¢quitem%rt& We ¢orDmuDic4kd identified laws 8ttd re14tiOnS thTouK>u¢our team 8rJ rejttained dert to any indicatior of non4omplianeethrou8hout tkB &uiJiL Our illcluj.. . Di5cwion with those in ¢b8y%¢with mfjuagemenL aThl from inspection of the Mttty'$ rc8uJ&tOry 8nd iwl oxrewdEnc¢" . Disc10 with thos¢ • with Jllana8uneni the pobcies artd pmc¢dur¢$ 88rd]uS romplian¢e with laws tegulatiot - Keviewiog fittrt¢i81 SW¢TD¢rrt di5ciosuru and tesling to Sup8 dorthotstion to oyess compliw with aFg1icable Thett are ittheretit IlmltatiOJkS its th wdit pro¢edur¢5 desr4iW We 8te Iw llkely to bee4)me AWOT¢ of in&n¢¢8 of ststetDrts Ajso, thr risk of not de¢#1n8 a mwi8J miqswement du¢ to is higher than the Tisk of noi de¢tl8 one rtyjhing ftom eJTor. frwd may irtvolve d¢lTri ¢Nt¢ COnent by for exaTllpl< forgery or intentional rttiryrewtion& or thmgh wllu5itiE. We arc TrJt lbit for preVti& W1]nCe or fraud aild cant¥)t be expxted to detect A fitrttwr dexription of our Tespon$7L)l]Ss for the aLMlh of th$ fiDth(l arements i5 locatvj on the Fing¢181 ReJy)rtkn8 Coun¢iVs websi at www.ft0ory.ykl4udltorybblitl¢ Thi$driFI10 forn)spartofour KerA)rtof &Audito U otourreport This rqx)rt is )l¢ty to th¢ Compy asa body. In a¢eorde with CFApttr3 of P&rt 16 of th¢ ComF4nit Act20C6.Ihr Iall workh181 updcrt&en $0 wtmight mtetothe wmpany'smembersthosematterswe ÉreTeqtiir¢d sknro them to ft Rep)rt of th¢ Audi¢oTS Hnd forno otherputT05e. To thefjJJlest&xtettt pttmitted by law. we do Thxacc ora5sume responsibility ty allyorteothttthartth LXJryPXtry (¥)mF4ny's Inemsas&ty, frouraAtt wort fc*this Tepoo or forthe0p110kLR have forthe ACA{S¢uior St8ttts0ry Audiiorl for and on behalf ofG8tsidetnd Co. Limtted chtrIed Ace(kurytAu¢& S¢ott]W Audttor ute 631. Litt¢Th Flall 162-168 Regtht Street don WIByfG P88¢ 13
ROYALsocirfY OF SCULFfoRS C0kn8Dlldated Ststtttttntof A¢tivi¢tes FOR Thx YEAR KN])ED 31 DKCKMBKR 20U 31.12.25 3l.12.24 funds Notes INCOME AND ENDOWMENfs FROM DOl0S and legacie3 195.311 566.936 762247 349961 Chfirft8ble gtdvldes ChgTit8bleACtsviti<8 Oth¢Ttrading aotivitits IDves¢m¢nt income 2,637 117ffj88 7,338 4,748 7.385 117,688 7,338 6,690 l(K),125 6,895 Total 347 922 574 829 01 LXPK14DITUXE ON Charithbie activities Ch8ritable activities 255 315 893 r4ET INCOMV(EXPENDrruRX) 9236 514242 606,608 89,618 RECONCIUATION OFVUNDS TotsI fijE brouthtforward 244.413 1.960A31 2205314 2.115,695 336 849 2 475 073 Page 14
ROYAL so OVSCULPTORS IllECTEREDr1VMBER. iKWL191 Con5011dated Balance Shett )1 DEMBER2023 31.1225 31.1224 FIXED ASSETS TaD8Thi le a¥sets 13 2 Q26 444 Stocks 15 16 29 31,546 29 19920 332 128 C&8h atbank In band 856,575 352,077 CREDITORS Aanounts fallÈng due withinoneye 17 NET CURRENT ASSETS 785 478 TOTAL ASSZTS LESS CURRErrr UABILITIES 281] 922 205 G&JeTÈl fwd Desl8S&t&lFutyt 18 18 255,511 81.338 336,849 164.751 79,732 244,483 Re5triatd thds: R¢5tricted Fwnd Capltsi FutHJ 18 18 133959 2.341,114 2,475,073 125,285 1,835,546 1.960.831 2.8Jl922 2205.314 Th¢ fjnanciol statemenL8 were opproved by thc Board o£TtU5tees Ètd avthor1s for on artd w¢r¢ signedon its beha]Eby: Burch {Tre&su). The ELOt& forn F¢rtof these financial 8ta¢em¢ats Page 15
ROYAL SOCIETY 011 SCULPTORS (REGISTERED NYJMBEH: 011fy83239} CotypaTry341aDee Skn 31 DECEMBER 21Tr15 31.12.25 31.1124 Tw)8ible L3 14 CURR ASSETS Stocks Debknrs Cashai battk attd itt hattd 15 16 29 2,073.693 29 1.957,614 2.847,802 1256,038 Amouotsfalling du¢withiu year 17 NETCURRETrll A&SKTS 811 128 TOTAL ASSETS LESS CURR 181 T.922 2,205,314 2811 Y22 FUNDS J8 If5,511 81,338 33fj,849 164,751 79.732 244,483 Desiwmted Fw)d 18 t8 133,959 2,341,114 2.475.073 125285 1.835,546 1,960,831 Copltsl Futtd TOTAL FUNJJS 2,8J 1.922 2305314 The f1natscl statzmtnts wer¢ approv by the Board of TyL¥¢e¢ IuthtiTis for i55u¢ on 918ttedonits b¢hHlf by: residenl)- forni part ofthe8e fin¢[&1 stattmellts P88e 16
ROYAL SOCIETY OF SCULPTORS CoTh30lidatid Caslt FlowStat¢mtnt FOR THE YEA11)31 DECEMBER2025 31.12.25 31.1224 No Cash Iknv8 operathz aetlvitl# Cathgenerated from operations N¢t cLth froEll Qpe[4ting4Itl 588 Cash tIowB from lllvesthil a¢tlvttl Pllrchaseofwible fix & Interesittceived (103,059) {Ill432} Netc&th from Invesln8a4ivhi¢s 105 [Ners(deTe41} 8Dd equlvaltnts CL5h &nd a8lt rqilvellts ¥t b¢ginnlDg of ytsr 49272 (24J57) 332,128 356,485 C¥h #Bd ¢sh eqnivalints at EDd ofyear 332.128 Th¢ not¢3 fonD wtof thtse fjA8Dciai atements Page 17
ROYAL SOCJETY OF SCULPTORS Notés to the Co]Lsolidat¢d C$b Flow Ststcmtnt FOR THE YEARENDED 31 DECEMBER 2025 RICONCILIATION OF PROFITBEFORI TAXATLON TO CASH GENERATED FROM OPEBATIONS 31.12.25 31.1124 D¢pre¢iatiort chwge Firmce OMe 606,S)8 163 89,618 1,534 599.433 8£257 17 {10,8701 Eocffas¢ in deld other L¥edSto 111.620 786 C95b gMerxt•l from oprgtiows 588 593 CASII AND CASH EQUIVAiifqTS The disclosed on th¢ Cash Flow Sthtunem ui rESPXt of cash Eosh equiv¢[ aR irt T of th¢se Balance Shegt amouAts.' Yevtxd¢d 31 DeeeMthErX125 31.1225 1.1.25 525 000 33 YeArettded 31 T)ettmbpr2W 31.1124 1.124 332 128 356 485 ANALYSIS OFCHANGL8 N f4ETFtrNDS At l.llf Csh tlow At 31.1225 Nt¢ at Èonkattd Knhand 33 Tots] 332 128 Page 18
ROYALsocifTy OF SCULYfoRS Nots5 t• the CoDsolldated TrlnaBclal Statemellts FOR THEYEARENDED 31 DECEMBER2025 AccoiFNriNG POLICIES Blsii ofprepAr#tio The fillallcld $tettrotthe GTDUP al thethrlt4blepY I'th¢ PaTentCompanyTrwhith i5apubli¢bonefit ¢ntity d¢r FRS 102. h8v¢ betn prepa in acCOrdce with the Charities SORP {FPS 102) 'Accounting and R¢FK)rting by ChartLie& Statemcnt of Recommtnded Prl¢t applicable to chaxities prewing their axounts in awrd4n¢¢ withth¢ FitMcial Reporting Sknd8rd8pplic8ble inthe UK gthdRepub]ic of Irei8lld (FRS 102} (effective l JaTruary 2019).. Fircial Reporting Stand&d 102 The Finaucial ReportD)8 Standard 4)plicabie in the UK attd Republi¢ of Etelaud, andthe Companies Act200& The consolldated fillaDclg1 stat&neDts knv¢ be¢n PT¢p>rd on a going ¢I)n( tqYi5 and thr hiori¢ttl ¢ost nvendo Theprewotioncuff¢o¢yofthtt¢ statements i5Pound Ster]ill& The fi8ur¢5hiv¢b¢¢n rounded to the DeareA£I. Royal Sockty of Sclllptots Is a 11•Y limitsj by TrmernbeTsof thetY)mFQny ar¢ tho rAmEd oft Pa8e t, Underthe twrttsoftheMemorÈndLllll of Aswiation th0d th¢ coTrpuny b¢ wound up tothe evthtof 4 d¢fLciew of asse ry member Ulldertakes to CODiribute not Jllore thaL £2 for the paytsent of the rnpanY'S liabiliti&8. Th¢ tnut¢e5 consider there are rjo material tmcertaintles thur the Groupl 8nd the cbaTit8ble c0[npY's ability to e4mtinue ¥$ & going wnctrn. The review of the Snanciai positioll. reserve levels artd fjJtuTe plw in p8ni¢ul¥ the Tthrbislrnent proj¢rt for ¢ Sufflent h&% Aised, Biv&% Ttyjstetts ¢onfidtste the Gyoup Tttaains a Eoncern thrthefoRsee4ble firtur& BAsts of ¢on8011datloD ThecorA50lidAtsd finHtLckat atements present the resuitsof Royal So¢iOy of Scuiptojs and its own yJtsidiants 1.the Group,? as if they form a singleentity. All ititra-grouptraA98ttion& bgl&ncc4 Intomeandple8lre eliminatedi solid&tion. Critiel ¢¢ouAtitig tstimatts #lld art45 of jwdgtment FAtimat¢satLd jud8¢m¢ntsar¢continualty evaluateA&thareb&>lonhistOricaiexperIet attdotsrfi¢tthA sncluding xpeciatiotL8of kn etsthat are be]ieved to be rewnable UDderthe¢ir(¥th$t#n¢e& Critical aCL)UntiD8 &4timates and &tyimptions." The Group and the charitable Corttpany make tt8tittiates aud wutDp¢ions (x$[lE the The resulting accoullting estimates and asslltnptions wlll. by defjtiiLlow seldom eq81 th¢ Tel8tl gttual results. The esbmths aud &uthptitins that have a si8nifi¢wt risk of Ixu5ing 4 mNt¢rtai adiu5kn¢nt to the win8 4rDounts of aS8rfs and Jiabilltles wSthin the nexl finandd yeèt are di8¢u4sed llj the atcountiTrgtrt>lieie5xF(kv TwJn¢ isxwgj defexed b un rstimt¢5 of futtwe incorn¢ tntitiemeRt and tk tirning of wh¢u vItieS wiu take PIe. Page 19
ROYAL socllrry OF SCULYTORS N8t¢s to theCoDsolldAted FlnAD¢l&l Stht¢tll¢ttts- ¢olltknued FOR THE YEAR ENDED 31 DECEMBER 2025 Accoiirir]NG POUCILS . MntlDued SubscTiption5. doD4tiOr l¢g4cio4 letting4 gifts and or¢ rwognId in the CotwiJidatèA Ststemellt of Financial Aclivities ¢)nc¢ the GTQUP ¢haritsble &JmpBny hve entitlernent ts> the fi]od4 8ny wfoTmaDCt condirionsatta¢hEdtO 8n aw¥rd hav¢ been m¢L it 15 probhbl¢ththE irom¢ will be Teceived attd the aojoulltean te measured reliably. Jn¢ome is defeThe¢l if reiVed in adVce of entitleEn¢nL EThtitiemeni ¢0 Income is deemed to FK the date wben the service 13 Provided or aD eveftitthes place. Donated 5erYice5 and goDds ¥r¢ ff¢oEzud % illcothe when the ecoJ)onJc beaefit reliAbty. General voluttteertimeisnotrwi5ed¥5 incom¢. Don#tiow for epltsl exptndlts Ilonation5 rettived ftsr c4>itsl ¢xpenditur¢ tr¢ cr>Jited to intothe [eceiv. Tbe diffemce benveen th¢ totsl don8t¢dartdthe ornulativ¢dq)riatloa¢h¥8¢rejQtittherejeV8ttttt8$ersI9CedfDrW8rdderTeIthfiU1ds. JDter¢st rereiY2ble Intsrestonfllndsheldots depMiÈ is lft¢ludgJth rKeivbleAlldtheathof CAtt Ix Me&Suredllabty by ¢hEthaTity: thi 18 norni8]ly w]1[fiCation of the inter&%t peidorpayable by the BanL EKpelldltsre Li4biliti¢5 rtto8nSse4J as ¢KErydIti assoon as a l¢g21 or oJostrwv¢ obl18atn o)mmittingthe charity to thatpeDdl)r¢ it is probablethat attwjsferof economic trkjtefitswill trk Eequircil in ll1¢1)Ithdthe Émouniof th¢¢bliWion wi b¢ m¢ssur41 Teliabjy. All wJitslT¢ is #¢¢ourf¢d for on an kni% •Jd ItAS beert ci&sslffEd thidei headin&% that aggregate all cost r¢lat¢d TV th¢ tawry. Where (x)Sts r4nnotbe directly atributed h) pèrtitulÈr beadlng& they Iwve been allocared to auiviiie5 on a b15 r4)nsi8teot withth¢ us¢of $0yr Alloetson appoytlollmwt of ¢osts Exp¢nditure on raising fvnd5in¢ludes all wstSiDcurr¢dinrcspcotofa¢tiviti¢5tO T4i5¢voluntsry tnct)m& ExpeLdltsre onCharitsbl# 1viti¢$ irth all¢osts iti¢UTr¢dtr efjabletheehty to mtt¢ Its charitable objective O¢h¢rw5tyTtPT¢S¢Dttho&ev)s¢sincurr¢d T¢Jtin8 ts> st¥èteEy. o)llLp5iaacty cotiwtittiondaTrJ re8uiory mat¢cTS. Salary wsts in¢lud¢ appDrtionrnt to th¢ c05k of g¢ner8tsng fid% ¢h#rit4bk ¥tivits&% alld p)vernance eosL8 cakvlthd in relation to time spent by the individu5 coEced. TA#glblefixtd asts A rEviewforimpairnie4ttof afjxrd Is[1 ifeThts OT chty%eA in ¢iYL¥tit8t8nces ittdiuo tbatthe(aJng valu¢ of ¥Ly fixed &st not Te¢ovtT4ble. ShortfalLs betwern the c8tryittg Ve of fixed 8ssets ana their recovernble aEllOWLtsRro rewwLiSed 49 llnp8irm¢n I]nn¢ntIQ5se8fjr¢ rwld CO]011dlIed stalen£ of Finan¢ialAthiti¢S in¢oTPOl[lg uKy)tD¢aud ¢xprnthtsn 8¢CQUrt T]ble fLxd ar¢ Lxrried at COsL llet of d¢pT¢¢iaSioTk and w provtsi¢trn for Impthmettt Depreciation 28 provided to writc off th¢ws¢Orvaluatio le55¢s¢imgtedr¢sIdu valu4 of ttll fixed&ssets 0verthe1rwdi Ilve5. It is r4lcu14t¢dotth¢following rat¢&. PlOnd - 20% Str8ight lin¢ Fixtillrs, Fitting5 EquI¢t . io% strwght]iD¢ FrethoRd propty i5 held at dttmeA cosL The Grnup took advwtsg¢ of the FRS 102 ttsttsitional provlsiow8 wbl¢P¢ perthitted previousrev4lu&tiorts of ao of proEety, plant aod equiproentto w3t ort ¢r4fv3itioD d4t¢. Jnve5tments In S1dlarIgS Investmeots ULsUal&ry trtakIngS 8Lf re¢o8nisrd &twsL P8Be 20
ROYALSOCIETYOF SCULYfOKS rlotes tD th•CuMoM<lxted Statemtllts- tolltkn1d FOR THE YEAR EI4DED 31 DECEMBER 21Tr25 ACCOIJNnNG POIJCLES.eoDtlnued Curttlltassets owed kn the Gwup and thE ¢lthitablo Compny at yw-end in rwect of frn gift a¥J recovetable or otherlncottte Are d¢btOT4 Itss PTOViSiOll forUl1ts thatmp4y prove uncoiiecttN Sto¢k Sto¢ks ar¢valu attbelowerof c05tand llingPriCe]ts5lliD% cost4 afrnakingdueall0waEeforObIctt and ow moving item& Dtbttsr5 Trade alld othw debtors are re¢ogDiscd It the gtdrmznt llnt afterapy di%ount offed. Prepaymlts Hre vaiu&J etthe amoutttwepÈid tsetof y1rade dI8un du& Ch 8t Bgttk attd kn baLd C&th atbknk st11) hty[ iurludcshlld 5horttern) highly liquid inv&thentswitha5hortDJatiJriryof threemonths or ie&8 from the date of acqui$ition orop¢nsng of ¢he deFK)sit orsimiiar L4ablllts amd provl$tolls LiabilLu¢sareCognIsed whth) ther¢ 1$ anoIAl]0#¢thtc•nl4)lld3t¢d BHJonGeSheetdite &garewtsof ap&8¢ ¢Ythil Itis probble th8t 0 tr4nsferof rconomic benefit w]1 tequ2red in settlemeJiL end the amount ofthe %ttJeDwJt ¢on be lMated rciiably. L2&bilities are r¢0)gniS at the arnouni thttt the ¢h8Tity 8nti¢ipate$ it wdl pay kn s¢ttie the d¢bt orth¢ 01 it hasree¢lv¢d as adVCed paymenus fOrthegoS orsejvices li mugtprovtde. Pmisitirs ar¢ M¢r¢d at thr besi ¢stÉmllte of the amounts tequtred ro settle the obligatiOLL Where the eftt of th¢ ti]ne value of rnoney is n4t¢ri4L th¢ provion is based on the present value of those amoutt di8ULted at the pre tsx dI)t rellects the risks specifjc to th¢ liability. The utmittdiog of the dLourtt Is t#ogthistyJ within i]Jterest payable si]nil4rrh8Tg¢5. FknaD¢lAI IDStruments Th¢ Group and th¢ GhHFitabl¢ Comp&]y only have finaL¢iai awts 2tsd 6JwJcial llabilitses of a kittd that qtfy as b1¢ finpn¢ig1 tnsl¥ument& B&5ic fill¢18] ItLwumettts are initially recogtuged at trnnsactiott value and $ubs4uentty mea5ur¢41 at th¢ir s¢ttl¢m¢nt value with the &xceptlott of W to wblch are 9Ubwlly mts8uYed at am0rdsl cost the eff]vE Énteru¢m¢thod. Unrestrict ffiJndSWku8 knaccord4o¢e withthe¢tthri¢abl¢ obie¢tiY&%•tth¢dis¢T¢tionofth¢ tr¢¢¢ Re5trithl funds can ollty be used forpantclllarrestricled purposeswithijktheobjectsof thetharfty. ResJiatOO88rise whA tspecifieAiby thedotLororwhenfimd88ter&ised forpatticu18rrestritted pwpo Fvrtber expltIOn0f thenawle andpurtx)seofeach fbmd b kneluded irt thenot¢sto the stgEwnets TaxatloN The cjjaritable Compw is exeDLP¢ from 0)TPont2 t&xots k8 ]ble¢t[tS.Th6sub$Id[Nry ¢ompw is ii#ble to tLY On Ar0 iocotneand prJfit* P88e 21
ROYAL SOCIETYOF8CULFTOIIS Notssty th¢ CowolEdted FhattehlStsttMents- FOR THE YEAR XNDED 31 DEC£MBKR2025 ACCOUNTING POLICIES. eolltknutrj Dèferred tix rlllliLgdifft¥enc4s aTÉBe from the ioclusion ofirKome alld&xpeDse5in t&Ya8SES5rnentsinF¢riods dtff¢mttfromdy)s¢ Ènwhichthey are recognised in financial sta¢ent& Deferred rax ismwuttd using tax ratC5aud lawsthat have been ena¢trd or5ubstantively enacted by theye2rend 8ndth8taTeexpecdto apply to therevul ofthetiTuingdiff¢ren(. UnrEligv41 losqes Bod othtr &ftTr&l tsx ssths •r¢ r¢¢oKuis¢d only to th¢ ¢xtwtth&ttt 18 probable that th¢y will be t¢cov¢r¢il ag¥kn#th¢ rner5th1 of d4f¢rTdtyx lEabilitior oth¢r t&xabl¢ wfi Assdsand Ik4biliti¥ in foreiScUIreCItSaT¢tr9ll5llted into 5t¢rlin8atthcr&t¢50f¢Kcbangetulirtg atthecottsolidated Balan¢¢ Skeet dat£. TrnDsaGtions in forei CLrnjcsE trJale& iDto st¢rling at the raLEofexch8llgeru]in8 atthe date of traDsdcth. BxLart8¢differetLcese tsken into Unt itl 1Ving atthe oprratiDZEwIL PeD51on ¢oJts otherpo¥t-retlreJneJJt benefjLs Th¢ Group jud th¢ thritable Cornp4ny op¢rnl¢ 4 dEfi])l Kontyiknion for the lfil of its employe CoD¢rlbutlons p8y8ble8Ee elwBedtothe Cowlldsted S(Atetttof FIn80d ActivStTes bj theyr4rth¢y aT¢pwabk. DONATIONS AND LEGAC 31.1125 31.12.24 Donatiolls Gift aid MembershipF¢oB 567269 ,454 164.981 .806 161174 349 31.1225 31.1224 l¢th8$4ndother tr•th8vIties 117688 31.1225 31.1224 31.12.25 Charitable a1Viti 31.12.24 Total tivith5
ROYAL SOCIETY OF SCULPTORS Nott8 to the CoL8olldtsd fmall¢l81 Stst¢meDts- ¢oDtJllued FOR THE YEAR XNDED 31 DECEMBER 2025 OTHZR cONfE 31.1225 31.1224 Pj#s Swiilry 5,450 21393 10,815 Within S incoDJe 8re receipts totslling £E7978 [224 . nig. expendl&Ére in¢urrEd by SDci¢ty for Exhibitso it Of8aAised quaIified forth¢ Hh(iiC Mus¢um5 Gallerie5 ExltiOn T&% Relie£ whicb result iu paymutsby HMKCtO qLdifyiD8chariti¢& Sundry income for2024 incluts1£61.835 iftwtsfth¢ 10 gS¢ulptWE sfi1 evert SBles of log SthsipDJT¢Sin 25 raised £3.050. Dly#t Sttpport ¢05ts{se4 notc 8} Tota15 Ch*itabl¢ activities 315 393 SiIIPORT cosrs Oovernance FÉnatL¢e Totsls at1&b]e/i¥llles 18 Supporteos4 induded in th¢ abov4 weasfollow& FthaDte 31.1225 31.1224 Page 23
ROYALSOCAKTY OF 8CULFroxs Notej to the CoLwlldAted Th8ll¢iiJ Stitemtxts- eoxthill¥J WOR TrTVEAR ENDZD3t DECEMBER 2025 Gov¢rNJKe ¢1 31.12.25 31.1124 (741 6,0 3.806 2,123 Auditors r¢JThunntioD Legal and other profe55ionai feBs Tnvel and mtetillgexpSe 6170 2,406 2,719 PIET INCOMYJ(KXPENDTfuRK) Net In¢¥(¢Kp¢ndItslr¢) i5 5Wtcd aller ChwrglngllitiThB): 31.12.25 31.12.24 Auditorg r¢mwwlltion D¢prKiatiOll-OWrted a8 6,870 163 6,000 io. TRiJsfKES' REMiJf4KRATION AND BENEFITS These WCTe ILO In1¢5. mi]ft¢rntion OT othEr bEnEfits foT the y¢gr ¢oded 31 December 2025 nL¥ for th¢ yeor ded 31 December2D24. During th¢ ycjr c[£ 31 DccetDber 2tr2i four (2024: six) Truskes were lInbUrst a to¢at of £67Q51 12024.. £990.06) forlrnvel wenses tobo8rd meetkn88 aod otherTNsteel events heldby th¢ Soci*. 31.12.25 31.1224 S8l•d¢s 8lld fi¢ei8O¢¢&VÈSt&xc Socia] tosts PsiOn¢0sts 141694 181225 6,453 11,047 3 079 48 15 19J 820 The tor8] amount of employct tenefi irKluding empioy¢r p¢r3ioD Q)ntributions. received by key mgn8wneDt p¢rsoDn¢l for their sBrvltts tothe cjjaritsble Comp8tty dwin8 theYe•)l 31 De1b¢r2025 w&s£63,816 (2024: £61,995}. Thwe yjlleuL¥ were llnderapproved cojkncts of employmeoL The avuag¢ Etonthly mmbetof ¢Mployw duth8theyeW06 &8 frjllows: 31.12.25 31.1224 Average oonthly rLUtnkrof ¢rnploy One employeerwkived onwlwnellts ill rAcg550f £60.1I)012024. 11. Py24
ROYAL s{lTy OFSCtILPTORS Notss to the Cowolldttwl FItt4D¢lStsteeThts.¢othw¢ FOR THE YEAR ENDED31 DECEMBER2025 12. cOPPAIl4TIVEs FORIYKsfATKMENTOF FINA14CIAL ACllVITIKS. FINANCIAL YXAR 31 DECEMBER 2024 31.1124 31.12.23 fimés fvnd5 funds tNCOMZAND KNDOWMZNTSFROM rxJtiatiOSd thetDberthip fe45 186.146 163.815 349.961 288.777 aTitable acfwiitiu Charitsbl¢ activities 2,594 4,096 6,69YJ 4,839 100,125 6,895 100.125 6.895 iOJ,TJi 4.452 Othtt in¢ornc Totsl 410 087 ZXPENDrruR£ ON ClÈarltablt attivitlts Chgri¢abk adiviti¢s 290 0 156 704 447 NET cOmJ(xPENDrTURE) IA576 73.042 89.618 1424 N¢t fonds 1&576 n,042 89,618 2,424 IiECONCIUATIONOF FufqDS Totsl brou8btforw8rd 227.9)7 1.887.789 1115.696 113272 1960 831
ROYAL SOCLrrY OF SCULFfoRS Notes lo the Collsolldattd Fknitttlal StgtethÉtyts-tontth# FOR THE Ywi ENDED31 DfCEMBER1025 TANGIBLK FIXED Assrrs Gyoup Fixuues Fttehold CoD)PUter equiptll¢nt COST At I JBttlltry 2025 Additio DisFQW]s 1.921868 102,783 26,4T3 276 11,728 1.961.069 103.059 Ai 31 D**4llb¢r2025 DEPREaATION At l Jry 2025 Charge foryear ElimuJNted on disp)5th1 26.193 63 11,328 100 37,521 163 At 31 DE(%mb¢r2015 26 r4ET BOOK VALUE At 31 December2025 493 300 At 311)eCbet2W24 1922 868 280 400 FL¥thS Computer equipDJcnt COST At l 2025 Addition% Dl)SIL8 26,473 276 38,201 276 648 At 31 Dr¢Thb¢r2025 DEPRECIATION At l J8ttwry 2025 Chae foryear ElimbJatty& oll dispJsg1 26,193 63 IlJ28 loo 648 37J21 163 648 At 31 Dewber2025 26 NKTBOOKVALUE At 31 De¢etyber2 493 300 793 At 31 Dbtr2Q24 280 40 Page 26
ROYAL SOCI%TY OF SCULPTfJRS Notes to tht Consolldated Fth¥ocSalStstemtDts- toDtlttb¢d FOXThK YEAR ENDED31 DECEMBER 2025 14. Company Shatts up undert8knEs COST At t January 2025 And 31 Dcctmbcr2025 NKf BOOK VALUE At 31 Dxember2025 At 31 Dectmber2024 The8toup ortheo>rnpany'5 invethients atdBa1&nteSh¢C¢¢1n the 5harecapilat of L¥)mP8DIts tticltsdethe followi.. SMbsld14ry Company 04¢.. Company number: tkn?How LIMij 13477821 Royal Sockty of S¢uJptors Doo House 108 Old Brompton Road Londfrn SW7 3IL Otherkttin8 alld0F¢tEt]8 of ownorle&sEdr¢41 e5t•t¢ Orth8ry10 cl of dwe&h()Iding: is STOCKS Group complY 31.1225 31.1224 31.1125 31.1224 Finithed £oods 29 29 29 16. DEBTORS Croup 31.12.25 31.1124 3t.1125 31.1224 Amoyttts f8UiD8 du¢withir oneyear. Other d¢btors Prcpiymcnts accrued in(¥)me 6,624 8,J26 6,2 31 Amout)ts hlling dur thr more thaa oneyear: 037 518 l Y29 964 1957 614 Page 27
ROYAL SOaETY OF SCULPTORS Not¢5to ¢b¢ Cons•lld&ted FID¢141$ttty&jts-¢olltfvlKal FOR THE YEAR KP4DED 31 DECEMBER2025 17. CRXDm)RS: AMOUN13 FALLING DUE WITHIN ONE YEAR Orowi CompAny 31.12.25 31.1224 31.IILf 31.1124 23,133 4,818 2,798 17,315 4224 3,600 16.115 Social ¢wÈty 8ttd otherts Other crgsitors and derr3 iti¢om¢ 4.818 298 i.i(M) 18. MOVEMETrIT IN FUNDS N¢t rnovemMt Tr8osfers At 1.1.15 31.1125 G¢n¢T81 fiLYJd De5i8nated Fulld 164,751 92,366 11,fA)6} 25SJll 1606 38 244,483 92J66 336,849 liestri¢ted fqnd> Rthitted Fu C4pitsl Fd 125285 1835 546 826) 11,500 133.959 517068 341 114 514 TOTAL FUTrIDS 05 The CapitalFundrepte5cThtsth¢ 8iftof108 Old BroTDPtoll RO uithesociety inthe 19704togctherwth fimtsrnistsj for the refitrbisljrnettt of the propety in 2022, and the refurbishrn¢t of the bhwxent wblch MMenced in 2026. As at 31 De£ethbtr2 £458,081 keld ktt ¢Lsh withthtremaind¢rof th¢ thds ¢xp¢Nltsl on rtfvrbssbmenL Netmovemejll in included in the aboveaT¢ 45 follows: Resourtt5 Mov¢ment resource3 eXnd in fuDa5 Uxrtstritted futsd& 347,672 (255J06) 92J66 Regtrkted Restricted Futtd Capitsl Fttlld 56J23 518506 (59,149) 12,826) 574.829 514.242 TOTAL FUNDS 315893 Pw28
ROYAL SOCIETYOF SCULmR8 Nots$ to the Collsolld#¢¢d Fln*rtcl•l Statèm¢nts-¢outinued FOR THE Ywi ENDED31 DKCEMBER 2025 CompwRtlvts torm•vemtknti• fijj Net movern¢nt iti fijtyjs belween At 31.12.24 At 1.1.24 f3ell fvDd 152,431 10,576 (4256) l64,75l 227907 16A76 244,483 Restrithed Fulld Capital Fund 148.065 1739 724 {22.7801 125285 1887 789 TOTAL FUNJ)S Comparntive rt¢t triovutt¢nt in W inchthd ittthe abjve tr¢ as follow8: IL SJLds UDTestrlettdlu GenerAI fvnd 307246 1290.670) 16J76 Restrlet¢d folldi Capitsl Fuud 127,015 (149.79¥ (22,7801 15 704 TOTALFUNDS 447 74
Nots$ to the Ststements.¢OtttIDued FOR THZ YEAR ENDED 31 DECKKbER2025 A cJJrre4llyear 12 sttonths aDdpTiofye8r 12 tsjonths ¢OmbiEd witson is &$ foih Nei Transfer5 At 31.1125 Atl.124 UDrestri¢t¢dttsllds Oetlerni fd 151431 108942 (5,8K2) 253,511 227,9]7 108,942 336,849 Rtstrlcted 148.065 (25.6061 11,5 133,959 612 In9724 90 341114 587 1887 789 84 C4)ital Fund 2 115696 2811922 A current y¢pE 12 Months and Prior ye4T 12 months combi1 tw t)VemEnt in fimds. %luded in the above off 0$ folloivs.. Infj Uttrestrleted futtdj General tlthd 654,918 {545,9761 108.942 Restrlrt¢d fllttds Restricted Fund Capitsl Fw]d 183J38 621 (X)&9441 I25.) 217 91 587 TOTALFUNDS 763 696 l 459493 L£n 6 19. 114DTrTDUAL STAT£MErfr OF FINANCIALACTfvITIES A$pen1ttedbY Sortlon408 of thc G)JllptitiiesAct20(J6.the Statem¢utofFSllanLYal Arthltie50fthEp8yent¢ompsny isnotpre8eLted 95 FBrtoftheEe fiDanCI 20 CAprrALCOMMmfENTS The ¢otrJtillgency payoxerttofU,325 whi¢h w&80utstanditi8 &sat 31 D<cber2024 w&% dwin8the yew. t182025 woyk btgjn on thepLr*jectCr¢4ty08 aHome tbT Scvlptors the Charity ¢nLtted ittto a&¢1r0rthe Tefurbishtholl of th¢ bemenT of Dora HDuse. As at April 2026 the oxpetted trF fJMii8¢ thi$ pht were £847,765. Pl¢&settferto Note 22 ISthwuertBvetttsl. Pose 30
Notssto theFkntttl¥l StsttJtt¢JLts. roJthiu¢d FOR THE YWI ENDU) 31 DECETrIBER2025 In November 2021 Roya] So¢iety of Sculptyrs trreTT its b¢n¢fLcial in ptopty ¥) i¢$ subsidi#ry. At 31 December2025 trnHoU LirL1t owed the tharity £2.037.51812024:£1,929,964). Tots] dolla9 th¢ ¢h•rltsbl¢ bythe trustees durirg ibe ytsrended 31 DeCernb 2025 amounted to £47.ISS (2024: £6.8051 NotL¢ of thE3e carried w CODdiuoOttrttt1pti Lkning the ye8r the Charity enteted brto a S year tsz>swured l¢)Jn frGility for an arnot of £IOO.(%M) with th¢ Arckiie¢DJrai Heritage Fd. The PLDPtsS¢ ofthe10on rllity is to PTovid¢ fvnding forth¢b&s¢merLt refuTbi5htn¢ntfor the CteatiDg aHomefor Sculpknrs wvj¢rt Th¢ChaTity dr¢w downth¢£l(K).000 loan focility in April 2026. Pare 31