REGISTERED fiuMBER: WII83239 IEttel*J)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 SCiTL1￿0 Coutents of the Consolldatsd Fknandai Stat¢mottts FOR TEE YEAR ENDED 31 DECEMBER 21J25 Group S¢rnttti¢Report Reportof tb• Trusttts Reportef theJndep•ttde￿tAndII0I% CoDsoJtdated St*tsMeDtof Fina￿111A¢￿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$. L FoTd PRSS iTrasid¢nt)" ¢Jec*d for awndtemi May 202$ A TebbenhoffVPRSS {Vi¢¢Pr¢5id¢rttl M Bu￿h (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]nple*dt¢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 AccoUftt￿t& 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¢$￿t th¢lr re￿rt with th¢ fit￿L¢ll[ statemellts of the chwity for the year ots131 Demb¢r 2025. Th¢ Tr￿5¢￿ adopt￿ th¢ PTO￿1$[￿1ty of A¢countiDgand Reporting by CbaTities.' Statementof Reco]%LtLetsded Practice applicable to cJMgÉttes preptringthetraccouttts ID aC￿rdAnce with the ReportiJJg StwO8Jd applttsbl¢ ill the UK tyj Rw]bli¢ Of Jrel8Dd iFRS 102) (efft¢tiv¢ I j￿￿ary 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 abOutX￿1pt￿etj￿￿hVx￿ibjtiOtt8 and ev￿ts. The s￿idY was ¢rt4trdmore th￿) 100 ye￿5 880 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 refl￿t the w(>rk achieved si]Ke 2017 and set a ¢le8r dir¢fflion foT the ￿tUre of the Orgoni￿10ll 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 C4yll￿t our with a rntsE¢ of Op￿rb￿lItt¢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 C8rrai*tt gCatTtsidwJcy in West Cori Irel*rt 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¢ho*olltHouse) tspetted to Jllertsbetswio #nd wos won by Poojan G￿tamRSS. 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 2nagroupknatOv￿8sH0￿2t 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 w￿e3tabE1$he Behittd the St￿l0D0￿[ShoSEed by 18th1deVwnc¢Jlos¢olltÈn￿dty &5W)tlithton EncmbErniYothg itttrrntionplly a5 we explornj thetrstudlos practiee. knityally IIv¢ SIre￿¢￿ to rn¢tyb¢ts only. th¢ how longfilms ￿ ttowav8i]able vi• ourwebsite. Ollr wotkai wd llxeetlw thttpks to th¢ comrnilmatt of th¢ ￿ulptOr mpmt)¢ts ofth¢ PA) fostering agreatw)8eof tomthunity aDJon8 the mell)b&¥br Our I￿25 a%hilJÈtiot Ptoyatttme operted ott twery djilly Sabjrday kn early F¢bw with the Gilbtrt Btyes AMÉrd (GBA) wintier$ 2024 coh(rt show thtt3ted by Clertsettttj Cooke, Director at Cooke L&tb#m G4lltry. Nick Hfjrryby MRSS hoskd th¢ ever twuiaT $18m ¢¥¢nt in Jnid-FebnJary which 5Ks of th¢ participating Artists givcn just thr¢¢ muwtC5 to talk abDUt thelrwork The sbow moved to the Art House in Wakefield whet¢the op¢niD8 on WedDesd&y 28 May Coincided witha Jn¢4nb¢rvisiityThe H¢pwortht()8¢dHel¢n Chudwi&'s¢mthibi￿rL Grnnp Str8fyi¢ RtPDrt FOR THE Y￿￿ENDED 31 DEeEMBER2023 Alms and ObJtetlYtS- ¢ODtthued OursetOfLd cxhÈbitiOTJ of theye&r, Inll*ir Spo¢4 opettedoll S*urdtty 29 Marth The sbowbrwghttoBerhtrworkby Alig)n Cooke MRSS. Rebecct Grffflths MRSS attd Hatriah Hojwwill hlRSS following thelr testdencies at the Red Hou5e- the ILOtDe of Benjtyin Britkrt atsd Peter Pears ux Aldeburgh. Suffolk betw¢erJ 2020.2023 - which h*1 ixen orgattised by the So¢itty. The&Yhibilion OT1Kio*￿ #t Dov¢¢ot Stydio Gail¢ry, Swe Maittugs sll late 2024. The abow c£sincided with th¢ Ea*¢r holidays and we ran a n¥mb¢r of workdK>ps exploring c]y ￿ a matuid and th¢ of shadows a5 well 85 hosting 8￿1Th ¢onversationMtb the8rllsts Mod￿8*d by 15th] de V￿0￿Cello$. Th¢￿￿￿￿5￿Wthlsy¢arw￿$se]e¢le￿ aDdelltatyJbyPolly Bleleck4 G8ikryDl￿c¢0r. P￿0]*￿ Lottdon&u1ptt￿eG9]1ery with the thL￿e0f'ScuJpts￿ in the Hothe.. With lkn House closed to ertable wotksto the b8sementto t¢gi￿the 3boww held at BurghHouse inHampslea￿ Polly selected over 70 works from 417 submissions. The witiner of the 2025 Best In Show Awa￿ ge￿e￿￿ty 4￿)E￿Or￿ by The ma￿ Ch8ritsbieTrt￿t which Supports around 4QO dwities every year, was Gabriele Rlsso NJRSS for his wort¢ Still Lifr. Charles Mieklewlllghi Tnw ar Th¢ Marsh Charitable TnBtpr¢yellted the aW￿d at the opeLill8 that w&% allended by mthethan 150 8uesL8. Th¢ exhli)itlon from Weth￿ 16 Sujy ty Surtd&y 21 S¢ptethbe¢ attd was s¢¢n by SAOI visitor& We eX￿d our th8DS3 Colleagues atBEwBh House who made the te&m 2nd our mernbers frel ￿ wel(x7rne. Beyolldexhibition4we oEfer&aoFpJrthitit5to membersand TrJTr-memberssiÉke. FIN Plill6L' l￿blIcAnAW¥￿2o25Which is g¢rJ¢rousty fijndvd by the MiTis¢h & L¢bertheYm Charitsbl¢ Foundat10￿ r¢¢tivgJ 97 8ppIi¢8Mon& B¢a E481ttes MRSS w&q 8wJounc¢d &%th¢ wtttllViD lakApril8nd r¢¢eThf¢s £15,(XN) to produce a IttTg&s¢•ksculpture forthescuJptweterra¢e 2tDorn Hous W¢wue iftvitedby the All&￿andL￿w￿ Tenrtisclub￿ supwrtheCo￿pe￿tsQntoc0mtllisgl0Tr aStweofsirAndy Murrny be located ai Wimble( Tow4rd5th¢tndoftheyw,wew¢T¢8kn ￿[ni￿10￿cdtO r¥nth¢ wmp¢t%tion forn¢wTr¢D%oTial •tth2Nati(￿IAthrdufft. Appli¢#iorts foT the On Th¢R¢¢ordmeuLoriqJ cQTnmWnornt￿g Britisb Bnd UK.b8s¢d jown￿l#S who hJv¢ lost their11￿ iti Dtlict ZQS)¢5 op¢ntd ¢)n Sunthy 2Nov*Db¢r- IRt¢n)ati0rt8] Day to Ertd 1okPUWty forcrimes Ag￿ll￿ SouTttalists. ASM 2 BDskney$ a*d m8rketlkng dtvtlopmellt cre in W¢ O])￿88a7￿￿tiCJpSItd itilntem8tioDtl Sculpture D&y on Saturdtsy 26Aptllwith&talk'S¢lllpttry PllblicReftlm andsoft Susta￿abl]ity. delIVer￿ by lyan Clarke, D￿￿rat]￿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 S*urd&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 fjoiningherpaperswbicbhwJ*lrwJy 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￿ ￿al0￿Y gatiied frorn her ￿VIP1￿8 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 aww￿ed th# CBE inFebnJ&ry 1919. Pag4 3 ROYAL soc￿0￿ SCULrrops GrnupStrat¢gkReport FOR YHE YEAR ENDED 31 bECWER 2025 OWECTIVESAND ACTIVITIES Alms and obJe¢dVtt-eo￿lled Achieve ujsrctai The Suppliets. Citcle iSA s¢lection of rei¢vallt indU￿ry 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¢WTu￿bCr of the ¢i￿le￿I) 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¢t￿g Culture" drew 332 visitors over six dtys including Yjona Clwk, D￿eCtor￿c￿er￿I of the Hong Kong Ewno]ni and Trade LD Lolth wrted thesbDW. Law intheyjmmer indep￿ente￿alots1Bdjra Dywebayev&Ziyakk andMaT￿H1neI 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 devek*pment 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 frusirnti￿oncw1th0￿¢￿U5T¢￿rti￿g0￿¢y¢lep1a￿￿waterandW￿tsMmationUtteXrrtCtr￿YIrnrKjSed0nIhep￿jerf.mEtttr$ were m*le wor8e by a ¢y￿￿attack OTJ the RtsY￿ Hotough of K¢ttSiDgton and Ch¢Js¢a whith aff￿llY¢1Y shu¢ down the pl?￿ningdePArtmentill November. aresuli WOTk ott sit¢ Wosd¢I8y￿ usxtil *rty 2026. Fundrai*contiJwedwith abjndraSsb￿dkntstr 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 FOund￿l0￿.the GOI￿￿￿¢)rt FoundtttiotL, the Bridget Riky Foundation, the Charlotte Bontwa-carter Charitable Tn￿l The Woolbeding Ch8rSty and the Mallknckroth Fouttdatioo 45 w¢ll &$ ind1vid￿1￿On9tIOns. We have continued to work wqthourloc41 fIl￿d& aod Eki8blK*ur6 itr th¢ Cult￿ 8ttdoAu￿tsOjd o]x8tyiwlO￿a¢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￿ (D￿eCtOratwSp 8truCbll￿e#Slneern) isowBowd cbampitin l¢adb)gm ￿#8¥￿&bIlity. Ahx 4 Or2A)thtl•n81 dovt10ptt￿t ¢eof chari 7nJ￿Vary, 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 mejnbersatt￿ded theAGM on Ttytsday 21 Thi%yellr itTr¥4s held via zoom to t￿&b]e &5 M￿nbeT385 POS5ibie to p8rtiCLpats. 0￿gUestSpe￿w￿FremyyItionl. found¢rand¢urntOTof CLOSE * whospokeabouth¢r¢Kwi¢rtce of wothngwith artiSLS. Pag¢ 4 ROYAL SOCJETYOFscuLFfoBS Grf*np 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 Str￿e￿ coftfidet￿ in th¢tr￿d$0b8eTr￿d and proviths a£je4￿rplth1Ie of the Society's ¢Yolvln¢ mcmbetship profil We2150 ￿ 8meDJb#sblpsatlsfÈctlottm to h¢lp the tC8fA uttdetsthttd wbat ra¢mb¢TS valu¢, wh¥rGhwth¢y might like to see and whethtr memkn$hip repr¢SCntsv￿ue for money. 132 of 753 D*embets 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 ￿n￿￿15510[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 ye*ts Ért Jun4 but wert delighted tfj w¢lco]ne Eilidh Ntccormick who jOi￿d 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* Ch*llber of ComrneTrt with 51 PEople aiMdi The group Is att It￿￿trt bllsinrss n¢lwork commit*d 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 LIj￿s1￿10kI8y0cb 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•rn*Dt Thisyear. the foctss beertott'Cr¢aithg&HOpM¢forSc￿QT1.. C¥olin¢,togeth¢r with th¢ bulldu￿¢oIOO>1IIeea￿dastna[l fijrtdrwig 8toup. h8$}￿ th)t*inB h￿d to Whath￿ b¢¢tt ¢ttvisioutd will t¢ wG¢¢ssfully deliv¢rt As bulldiDg proje4th￿¢ iwyo been s1￿]fi￿t¢￿alIE￿ge& ￿dthiS on¢ is no ¢xwtioD. Carolll￿ a5 ¢YEr. h48b¢¢n not1ung5horto£exr*ptiot￿, novigatsftgthcsc compluEtti05 with dete￿t￿all0ll4nd skill, svpportedEflL liant]y by thcbuikliDg ¢ommitte¢. My 5w¢eTe 80 to Gordon Watson forhis expen leadersFup as Chair, ro all member5 of the wmrnsltee foryourongoing commitmurtallddethc•tioJ. And8￿cid thonkyou to Andrn who has betnkeepittgavery careful eye on the numbers. Operating without aglllery h85 at80 pre￿ted Its cEwlJenges. C4roiirte and htrteam TrAvetLynded with ¢re&tivity and Tosiliellce. securin8 a]ternative venues 10 enswe that key events such ts the membe￿ SuEDJtier Show could still take place. The Christsnaspgry, held atthe magi¢8J Art Worker4 Guild iti Bloo]n£bthy. w&8 a ptrticujar higblighL ltssid¢tLcie5 and opwItt￿ttt5 kne t￿ntill￿d to deve>Jp alld ww. Abig th8Dk you to MaTi4 who is alwuyson tht lovko for opsthmitie5 for 411 of u5, and 8 wami.welcome and th￿kS kn Eilith who JJa5 joujed the tram b¢¢n (bu)g ¥JL excellent job coordinw residettcies attd ex￿Tritions. lkn Zoom swions ttm8iO Att i0)N*rt￿t P8rtof th¢ withmetDt￿s Intre￿I￿RIY tgkiD2 the initlttive ￿$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 Pro￿e-In¢llldJngML118Pl￿1Ep￿0w￿rs, Behlndihe Sft{￿O Doors, and othws.ba5 0)lltiJiuedto offer and￿￿U￿￿È-pToyOking wnven￿S. Th¢Jetdlks th)wf0￿ avduAble and 8rowÈngrt4w¢4 ac¢¢55ibl¢torn¢mbcn viao Ir￿e0£baDrt¢j. FknwKklRevlew The Societyhaq decldedto ts8ke &fttrfherkntioLfros0 i¢$EWe￿i¢tedsU￿h￿to￿a￿I￿pleMethsIts￿￿0f buiJdS08 quid rctscrve5 (to a level suffiti¢nt to meet one qu8rt¢r vttypicol op¢rn¢in8 W5ts) and th¢ totsl Bthount held iti reserves £81.338 ID¢5ignated Fund). Trt%5ureWs Report Durtng the fillan￿81 yer ettdtiiE 31 Dec&llber 2W25. the &*iety wntittlled to dejlver wport for its members 8Dd wider actess kn sculpture for the gujerai publto Thii is th&th to b)th the pnftssiot￿I staff and comEDitted gUJWt of ¢xtuwl advisotE￿s1Sting on apro 1x)j￿ b&qls. The ￿letyremaInSkn astable Ex)sitlon, iftr8elythth trj members. Dllrittgtheeourseof theyetr,44 new members were el￿1& Lxthubtdly attracLttI by the se￿Of¢0m]L￿￿ty èndthetr8m¥fo¢us onywrutigmembers theirpnctice 1Tre key sour¢tsof iA¢om¢l&¥ dishts¢t fmty PTOPth b￿a.￿$trirt¢d' fj)Mds) w¢r¢: ￿t￿bershIp fees £169J24 (21n4.. £161.174), T¢￿ £ll7,688 {2024.. £1(K),125), ur￿#$¢￿¢1¢d dou￿[0￿3 itidudin8 #Id £25,787 (2024.. £24.972)Total uDrwts￿t¢d inWJn¢w￿LI47,672I20l4:£5o724Ol. Pa8e 6 ROYAL SOCIETY OFSCVLvfoRS Croup Strategk Rtport FOR THE YEAR ENDED 31 DECXMBKR 2025 owEcrivFs ANDA￿rnES Fknanclal Revlew-¢ontlnued Totsl restricted i￿e w&8 £574.829 (2024.. £229,746). the ll)cre￿ reflthg fiJtthith8 for the bssement refurbishm¢nt for the Creating B Hojrye for sC￿pt0Ts pFoje¢L Workon the b&*ttDtllt Wtnmett¢ed in 2026 xo the knJ]k of thi% fjJnthak5ing is [¢ll¢¢t￿l knth¢y¢ar¢nd¢a5b holdi Totsl r¢y)uw¢s¢xp¢ndcd in 2025 were £3lS,89J (2024.. £447374) of whirh unt¢styl¢￿1¥￿jdLThgW$S £255Jo6(2￿￿4.. £290,670). This[eth￿tIOnreAectstsghteosl￿utr0IfoT2o2s 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)th￿thereafv. ThE SoviEty i$0￿￿ in&bte4J to NickRockett forhis pro workin prep8rin8 th¢a¢¢ounts. M*rk Bttr4 srRUCTUR4 GOVKIINANCEAf4D MANAGEMENT Goiti8 ¢fyrt¢¢r TheTrtxtees¢onsiderth&t8rello tll*riat uncutainiiesabjutthe charity'sabi]ity to contittue&84goin8concem.The review of the rLpanci￿ position, reserve levels alld fijture plans in wti¢ul8T th¢ rle pr#2UtEOJJS have F*en takeD to tru￿￿]$¢ them. ern41 systems ond pr￿edureS are iti pSa¢e to cDrttroI til fjnattciai transattions that all ￿lIVI￿¢S comply ￿ryth T¢gulgtions ¢ov¢rin8 th¢h¢alth 9t￿ S￿ety0f$taffj voluDteers andvisithrsto the Soci&y. ON BEHAL OFTHEBOARD: L Ford PRSS (FresideThtj- Dw¢ctDr e8 ROYALSOCIETY OF SCULPMRS R*portofth•Trusttys FOR YXAAENDED3A DECEMBER2025 The Tnjsttts, who are aJ80 direBtorsof the GroLEP I'the SoGiW') wdthe ¢heritable Company {'the Psrent')pTrseLttheir r¢pDrt withthe CotwTrlld8ted fJoap¢lAI SL8t•JEnts oftht Croup qnd th¢rhgritsble Complry for the ye8reJthd 31 Decemby 2W25. Th¢ Truswsbown ￿l0￿h&v¢ h¢idtsffi¢¢ ¢tsllngitLewknl¢ of ¢h¢ Frtrfodfrom l J¥lluw 2025 to th¢ d8ts0fthS$ L Ford PR￿ lfvithat),. ¢lert¢d for aS￿ond tetrn MNY 2025 A Tebbcthoff VPRSS (Vice P￿Id￿￿) 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¢M*y 2025) M T(kniGk IrBm2aval (appointrd May 2025) A Gill&%pie FRSS (appoin*d Ilay20251 LEGAL STATUS The P2TentcharitableCompeny, Royal so¢i4tyofS￿IPto￿ iryaoThparEylimit¢dby gwan*e. Themembtr8ofthe ethe Tr￿tee5rJaBltdon 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￿ th*tt £2 for the pa>4nent of the compwy's li8bilitie& STAFF W$ would lik¢to th4pJE ThuMrrforh￿work 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 guidat￿e on public bwe&L OUR PATRON Th¢ Royal So¢i¢ty orse￿Ip¢orsW8s first awwdedroyai patr￿e in 1911 wh¢nitwa5 reKwisedfor 1ts5¢rvic£stotkn artof sojlptw GOING CONCEIUY The Tr￿￿teeS conssdcrthere gye no ma(er*al uncthtsinties abDUt the Group's the clwiteble Company's ability to Continue asa8oing¢oncenL The review of the fin8LciaI posirioL, reserve leVels￿d 6JwreplwL4 illpartI￿l￿the refuLbishmentproJe¢i forWh1th￿Cla?t fill￿)￿g￿eSbee￿￿l￿1Wv&4Tr￿eS¢O￿fidencetheG1o￿p 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 mO￿t Street NO(tir￿h0fft NGI 6HH Roy81 B8nk of SÉy)dBJbl 49 Charing Cr055 London SWIA2DX Kings Hill Avenue Klngs Hill J94JQ ATEMEwfoTTRUSTEESI RESPoF4SIB￿lTlEs 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 stat￿ertts in ac￿rd￿ with appli(*ble 14w And U¢lted Kuigdosn Acojunting Stsndardsluniwi Kingdom G¢D¢rally AcCeptedAr%o￿tingPr2ttlcej. Company l&w rqusrKtheTTll5Ecu to pr¢pare fina￿141 statemcnts for tach fiThlln¢id y¢ar which give itnte attd fair view of th¢ststeof &ffAiJ¥ofthe£IwitableC￿p8rtY￿￿OfthC itwmirtgr¢9)ur￿8ttd spplic#ion ofrth)urces. includSDgtheincome and ￿{p￿ilv￿, ofthr th8Tt¢ablc CornFW for thatPUh?d. In preparllwthose fMciwl **m¢nts thrTh]*ttS aTe reqtstr - se1#t￿￿bleactoUnting￿I1cIes andthen appty thtttt ¢OmiStetttiy,' - observe the mthds alld prÈnciples ill thecharity SORP. - jud8th￿ell[s estimatesthat aty rewnable end prudtsL' - state wb¢ther applicable ￿c￿￿￿7ngskndaTdS twY¢b¢¢n follort sfyi¢ci to ar¢y rnateri￿ depart￿ dis¢losedatyd 4¥plÈi]J¢d kn the fitt*Jdal state[llen￿. - the ffflsnctal statementsort the gOington￿ b*is i5 in4ppropritr tty presumelhatthe cboritobIe company wtll ￿ntinUe1n busin￿1. 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 b￿Ce for tskio£ re950nable &trps forth¢ PTevmpmy Stthrnent of Change5 in Equity, CoLwiidated F]ow Statsment 8lld Note8 h) th¢ Cowlldated CAth Flow St4taDenLNoteyto the FinBncial SiateJJent4 includhjg t￿￿0￿ary¢rSIg￿iScafttÈcL%j￿ltitiE policie> The ffftallei￿ tetthtinR fKamework that ha8 been appl*￿ Irj thetrpryBt8tlonlsAppJi¢obk law Èttd United Kin8doiD A¢¢O￿ting 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 stH*ofth¢ ￿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 C￿eAllY AcceptedAccoutititigPw aod lthve b¢en prep￿ed 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 fin*2ciai 5taternents in the UK 2ncludin8 the FRCS Ethical Standard, and we have thir￿￿ed out otber ¢thit81 rrsTrons1￿l1ilI¢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 st*rLakts isapptopri&e. Based on thework wel￿ep￿rOn￿Ed. 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 thISre￿￿L Other tsfomatlon The directors are rwnsible for th¢ 4)¢IKr infonnation. Thc othu information compri5cs the infonnation in the Group Strat4i¢ 142￿rt￿ndthc R¢portOftheDiTec￿T4 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 it￿OnsIs￿￿o￿l or epparent mwetlai toi&tst¢m¢nt4 w¢ ar¢ r¢quiYed ty determifte whetttu thss glves rise to t Jttakria] missiatethettt irt the fitwJciaE stateM￿ts 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 otl*r matttn pmulbed by the Companlry Att21k16 tnour0pi￿0￿ bAsed on th¢workuDdestaken iti th¢ ceurse of the audit: th¢ infonnation giveD in tho Group st￿e%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 Roy*l s￿lIty of S¢ulpion M¥ttert lttwhithw¢￿ rtquirtdts Tej￿rtbye￿¢eptlO In the Itght of the kt￿edge and ￿￿t￿ta￿diti8 of the group and the parent tompslly atsd its environment obta￿et% in the courseofthewdiL weh*venotidentified material misst&tethetttsittthe Group Str8tegiCRq)DrtortheR4￿oftheDiT0CtO 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. R*5pon8lblllti¢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 stat￿ents and forbeingsati5fied thatthey givt atth and f#￿vieW, and for$uch ltttem81 contiol as the d￿¢torS dcterniine necessary to en8ble the prep8Tation of financial statrm¢nts fff¢ frvtn DiiS5MtemenL wh¢therkellon th basis ofthe5cfin9r￿1aI Sthtrme4ts. The extrlltto whlcb ottrpr0cethM￿ &Te c&pobJe of de(￿BIrregUlar1￿e& kncludtngfraud 15 detailed below: Asr¢qu￿ed bY&ud￿n88¢&nQard4 arld laknng illto ac¢ountPOSsibltpressures tome&pmfit(At8¥ts efjdoDrov¢t8llkttowledK¢ of the tontrol ￿vIl01￿ne￿l we wformed procths to address therisks of m8nagementOVthTide of ¢ontrols aadth¢ risk of fraudul￿[ reveJllE recognitio￿ the risk that 01 ¢h8rBe with m•went ojay be ￿ a position to D)ake irappropriate GountittE etstritt8 al￿ the tisk of bi&s in ticcouttti￿ estith&te$ SE￿ Judgerne￿ th L% the valuation of fixed &wts and ￿t￿Gi￿ instruments and d¢pr￿lation pJltcie& To identify risksof material MxsSthmentd￿tofI¥ud ffraud risks'l weasses5ed ¢V¢Dtsorwndltions th8¢touidirtdi¢8t¢ An 5llcelltive or pressure ro commit fraud or provide aD OPFozbffjÈty ¢0 commit freud Wc ¢oinmunicthJ Identifi￿ fraud risk thrOugkn￿theaud1tte￿￿ and remained 81ert to 8fty ittdSc4tions of hudthrouglLOUtthe audtL (lur risk S￿$5￿entpTo¢edures included.. - Enquiringof those cbargedwith Dwiagcment &Dd InSE￿￿KIn of key pq)tts ￿ (o the policie5 wkdproc¢duN ￿ pttv¢ntAt detect including the pmc&ss for tD8tt8gemellt lo Id￿tify fraud ri$L8 specifL¢ to the entitys S￿l￿r. well as whetherthey knavekt￿W1¢dge of ally ac(yaL SLwec*4 ora]]eBed fr&ud; - Reviewin8 Itiinutes of Tntsees'meetiw. . Reviewing ill1￿￿1rlSk ￿￿eSSMent reports" . CoA85derin8 mawemeuys incentives alld Op￿rt￿l[lIeS for fraDluiuttmaDipu]atiok of the fitsll¢ial statem . A$$ess[￿ si8nifi¢8nt 2¢COWJti#E estimwfor bi&8. and - Auditiug tbe rlsk of mwemenl overxide of ¢ontroJ4 lttdudlLg throu8b testiti8 jou¥ttai entries ￿ld other adjustsnents for 4pmri&¢n¢4 endevaluatitig the iX]￿n￿3 y4londe of •￿￿fiCI0(tr8￿sa¢t1QnsolllS1deth¢ ttorm81 (¥>utse of busin Page 12 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 $11t¢tneat& We alao coN4deTrd those laws Ind T¢￿￿10n5 that have 8 direct inpa¢toft the fin*Jrid 5tst¢m¢nts such &sth¢ Comp￿LeS Act2￿6 and the Cb¥ities Slaietntstof ReLyMnrn¢nd¢d {SORPsl FRS 101 The gtOUP aud the ¢baFitsble WT¢ subject tsj la￿ aBd regoladolls that ¢tr¢tty affeet the fin￿￿81 sw¢m¢Ms i￿[￿dIng fi￿¢18]r¢pOrtin£J¢8isIa1lw4tfjXllt10n le￿$]&110n(PaYIollf&%es).a￿1p￿siOnlr81sj1(ion8udWC￿rS3¢dth¢f￿teErt 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 re￿14tiOnS thTou*K>u¢our team 8r*J rejttained dert to any indicatior of non4omplianeethrou8hout tkB &uiJiL Our illclu￿j.. . Di5cwion with those in ¢b8y%¢with mfjuagemenL aThl from inspection of the Mttty'$ rc8uJ&tOry 8nd iwl oxrewdEnc¢" . Disc￿10￿ with thos¢ • with Jllana8uneni the pobcies artd pmc¢dur¢$ ￿88rd]uS romplian¢e with laws tegulatiot - Keviewiog fitt*rt¢i81 SW¢TD¢rrt di5ciosuru and tesling to Sup￿￿8 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￿¢t￿l8 one rtyjhing ftom eJTor. ￿ frwd may irtvolve d¢lTri ¢Nt¢ COn￿￿￿ent by* for exaTllpl< forgery or intentional rttiryrewt*ion& or thmgh wllu5itiE. We arc TrJt ￿lbit for preV￿ti￿& W￿1]￿nCe or fraud aild cant¥)t be expxted to detect A fitrttwr dexription of our Tespon$7L)l]S￿￿s for the aLMlh of th$ fiDth(l￿ *arements i5 locatvj on the Fing￿¢181 ReJy)rtkn8 Coun¢iVs websi* at www.ft0ory.ykl4udlto￿ry￿bblitl¢￿ Thi$d￿riFI10￿ forn)spartofour KerA)rtof &*Audito U* otourreport This rqx)rt is *)l¢ty to th¢ Comp￿y￿ asa body. In a¢eord**e with CFApttr3 of P&rt 16 of th¢ ComF4nit Act20C6.Ihr I￿all 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 Inem￿sas&t￿y, fr*oura￿Att wort fc*this Tepoo or forthe0p1￿10kLR ￿ have forthe ACA{S¢uior St8ttts0ry Audiiorl for and on behalf ofG8tsidetnd Co. Limtted ch￿trIed 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 DO￿l0￿S 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 IllEC￿TEREDr1VMBER. iKWL191 Con5011dated Balance Shett )1 D￿EMBER2023 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 Èt*d 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[4ting4￿Itl 588 Cash tIowB from lllvesthil a¢tlvttl Pllrchaseofwible fix￿ & Interesittceived (103,059) {Ill432} Netc&th from Invesln8a4ivhi¢s 105 [Ner**s￿(de￿Te41*} 8Dd equlvaltnts CL5h &nd a8lt rqilv￿ellts ¥t b¢ginnlDg of ytsr 492￿72 (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 ￿del￿d 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 C*sh tlow At 31.1225 N*t¢ 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 $￿tet￿￿trotthe GTDUP al￿ thethrlt4ble￿￿p￿Y I'th¢ PaTentCompanyTrwhith i5apubli¢bonefit ¢ntity ￿d¢r FRS 102. h8v¢ betn prepa￿￿ in acCOrd￿ce with the Charities SORP {FPS 102) 'Accounting and R¢FK)rting by ChartLie& Statemcnt of Recommtnded Pr￿l¢t applicable to chaxities prewing their axounts in awrd4n¢¢ withth¢ FitMcial Reporting Sknd8rd8pplic8ble inthe UK gthdRepub]ic of Irei8lld (FRS 102} (effective l JaTruary 2019).. Fir￿cial Reporting Stand&d 102 The Finaucial ReportD)8 Standard 4)plicabie in the UK attd Republi¢ of Etelaud, andthe Companies Act200& The consolldated fillaDclg1 stat&neDts knv¢ be¢n PT¢p>rd on a going ¢I)n(￿ tqYi5 and thr hi*ori¢ttl ¢ost nvendo Theprewotioncuff¢o¢yofthtt¢ statements i5Pound Ster]ill& The fi8ur¢5hiv¢b¢¢n rounded to the DeareA£I. Royal Sockty of Sclllptots Is a ￿11•Y limitsj by TrmernbeTsof thetY)mFQny ar¢ tho rAmEd oft Pa8e t, Underthe twrttsoftheMemorÈndLllll of Aswiation th0￿d th¢ coTrpuny b¢ wound up tothe evthtof 4 d¢fLciew of asse￿ ry member Ulldertakes to CODiribute not Jllore thaL £2 for the paytsent of the ￿rnpanY'S liabiliti&8. Th¢ tnut¢e5 consider there are rjo material tmcertaintles thur the Groupl 8nd the cbaTit8ble c0[np￿Y's ability to e4mtinue ¥$ & going wnctrn. The review of the Snanciai positioll. reserve levels artd fjJtuTe plw in p8ni¢ul¥ the Tthrbislrnent proj¢rt for ￿¢￿ Suff￿lent 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 Intomeand￿p￿l￿e8lre eliminatedi solid&tion. Critie*l *¢¢ouAtitig tstimatts #lld art45 of jwdgtment FAtimat¢satLd jud8¢m¢ntsar¢continualty evaluateA&thareb&*>lonhistOricaiexperIet￿ attdotsrfi¢tthA sncluding xpeciatiotL8of kn e￿tsthat are be]ieved to be rewnable UDderthe¢ir(¥th$t#n¢e& Critical aCL*)UntiD8 &4timates and &tyimptions." The Group and the charitable Corttpany make tt8tittiates aud wutDp¢ions (x$[￿l￿E the The resulting accoullting estimates and asslltnptions wlll. by defjtiiLlow seldom eq￿81 th¢ Tel8t￿l 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￿￿ u￿n rstim*t¢5 of futtwe incorn¢ tntitiemeRt and tk tirning of wh¢u ￿*vItieS wiu take PI￿e. 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¢ rwognI￿d 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¢th*thE i￿rom¢ will be Teceived attd the aojoulltean te measured reliably. Jn¢ome is defeThe¢l if re￿iVed in adV￿ce 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¢oEzu*d *% illcothe when the ecoJ)onJ*c beaefit reliAbty. General voluttteertimeisnotrwi5ed¥5 incom¢. Don#tiow for e*pltsl exptndlts Ilonation5 rettived ftsr c4>itsl ¢xpenditur¢ tr¢ cr>Jited to intothe [eceiv￿. Tbe diffemce benveen th¢ totsl don8t¢dartdthe ornulativ¢dq)r￿iatloa¢h¥8¢rejQti￿￿t￿therejeV8ttttt8$ersI9C￿edfDrW8rd￿derTe￿￿Ith￿fiU1ds. JDter¢st rereiY2ble Intsrestonfllndsheldots depMiÈ is lft¢ludgJth rKeiv*bleAlldtheatho￿f CAtt Ix Me&Sured￿llabty by ¢hEthaTity: thi* 18 norni8]ly w]￿1[fiCation of the inter&%t peidorpayable by the BanL EKpelldltsre Li4biliti¢5 ￿ rtto8nSse4J as ¢KE*rydIti￿ assoon as a l¢g21 or oJostrwv¢ obl18at￿n o)mmittingthe charity to that￿peDdl￿)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 ￿$0yr￿ Alloe*tson appoytlollmwt of ¢osts Exp¢nditure on raising fvnd5in¢ludes all wstSiDcurr¢dinrcspcotofa¢tiviti¢5tO T4i5¢voluntsry tnct)m& ExpeLdltsre onCharitsbl# ￿1viti¢$ irth all¢osts iti¢UTr¢dtr* efjabletheeh￿ty to mtt¢ Its charitable objective O¢h¢rw5tyTtPT¢S¢Dttho&ev)s¢sincurr¢d T¢J*tin8 ts> st¥èteEy. o)llLp5iaacty cotiwtittiondaTrJ re8ui*ory mat¢cTS. Salary wsts in¢lud¢ appDrtionrn￿t to th¢ c05k of g¢ner8tsng fi￿d% ¢h#rit4bk ¥tivits&% alld p)vernance eosL8 cakvlthd in relation to time spent by the individu￿5 coEc￿ed. TA#glblefixtd as*ts A rEviewforimpairnie4ttof afjxrd Is￿[1￿ ifeThts OT chty%eA in ¢iYL¥tit8t8nces ittdiuo tbatthe(a￿Jng valu¢ of ¥Ly fixed &s*t not ￿ Te¢ovtT4ble. ShortfalLs betwern the c8tryittg V￿￿e of fixed 8ssets ana their recovernble aEllOWLtsRro rewwLiSed 49 llnp8irm¢n￿ I￿￿]nn¢ntIQ5se8fjr¢ rwl*d CO]￿011dlIed stalen￿￿£ of Finan¢ialAthiti¢S in¢oTPO￿l[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 0verthe1rwd￿￿i Ilve5. It is r4lcu14t¢dotth¢following rat¢&. Pl￿￿Ond - 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 S￿￿1dlarIgS Investmeots ULsU￿al&ry ￿t￿rtakIngS 8Lf re¢o8nisrd &twsL P8Be 20 ROYALSOCIETYOF SCULYfOKS rlotes tD th•CuMoMrnpany'5 invethients atd*Ba1&nteSh¢C¢￿¢1n the 5harecapilat of L¥)mP8DIts tticltsdethe followi￿.. SMbsld14ry Company 04￿¢.. Company number: tkn?How LIMi￿j 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 comp￿lY 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$￿ttty&jts-¢olltfvlKal FOR THE YEAR KP4DED 31 DECEMBER2025 17. CRXDm)RS: AMOUN13 FALLING DUE WITHIN ONE YEAR Orowi CompAny 31.12.25 31.1224 31.IILf 31.1124 23,133 4,818 2,798 17,315 4224 3,600 16.115 Social *¢wÈty 8ttd otherts Other crgsitors and de￿rr￿3 iti¢om¢ 4.818 298 i.i(M) 18. MOVEMETrIT IN FUNDS N¢t rnovemMt Tr8osfers At 1.1.15 31.1125 G¢n¢T81 fiLYJd De5i8nated Fulld 164,751 92,366 11,fA)6} 25SJll 1606 ￿38 244,483 92J66 336,849 liestri¢ted fqnd> Rthitted Fu C4pitsl F￿d 125285 1835 546 826) 11,500 133.959 517068 ￿ ￿341 114 514 TOTAL FUTrIDS 05 The CapitalFundrepte5cThtsth¢ 8iftof108 Old BroTDPtoll RO￿ uithesociety inthe 19704togctherwth fimtsrnistsj for the refitrbisljrnettt of the propety in 2022, and the refurbishrn¢*t of the bhwxent wblch ￿MMenced in 2026. As at 31 De£ethbtr2￿ £458,081 ￿￿keld ktt ¢Lsh withthtremaind¢rof th¢ thds ¢xp¢Nltsl on rtfvrbssbmenL Netmovemejll in included in the aboveaT¢ 45 follows: Resourtt5 Mov¢ment resource3 eX￿nd￿ in fuDa5 Uxrtstritted futsd& 347,672 (255J06) 92J66 Regtrkted Restricted Futtd Capitsl Fttlld 56J23 518506 (59,149) 12,826) 574.829 514.242 TOTAL FUNDS 315893 Pw28 ROYAL SOCIETYOF SCULmR8 Nots$ 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 ¢OmbiE￿d witson is &$ foih Nei Transfer5 At 31.1125 Atl.124 UDrestri¢t¢dttsllds Oetlerni f￿d 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$pen￿1ttedbY 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 Dswured l¢)Jn frGility for an arno￿t of £IOO.(%M) with th¢ Arckiie¢DJrai Heritage F￿d. The PLDPtsS¢ ofthe10on r￿llity 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