REGISTERED COMPANY MUMBEIL. 01029563 (England and Wales) REGIStERED CHARIfY NUMBEIL. 263367 REPORT OF THE TRUSTEES A14D FINANCIAL sfATE14ENTS FOR THE YEAR ENDED 31 DECEMBER 2015 OXMARKET CEpffRE OF ARTS LIMITED OXMARKET CENTRE OF ARTS uNrrED C014TENTS OF THE FIIIANCTAL STATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2025 Page Report ofthe Trustees I to 3 Intyndent Examin¢r's R¢port Statwnent of Finandal Adlvltles Balancè Shtet 6 to 7 Notes trj the Fln#nci#l Ststemw 8 to 15 Oetslled StatrEnWrt of Finan(ial Actbvitsew 16 ttt 17 OXMARKEf CENTRE OF Airfs LXMfTED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 tnjstees who are a150 direttors of the charity for the pwpose5 of the Companies Att 2006, wesent their report with the finantsal statements of the charty for the year ended 31 L*mber 2025. The trustee5 have ￿0Pted the pr(WiS￿r￿ of Accoukn"ThJ Reporting by (tharibes.. Statement of ReComD￿nded Pradice applicable to charities Ptepartng theSr accounts in accordan￿ the RnaTKi* RetK)rting Stsndard applIca￿e in the UK and Republic of Ireland IFRS 102) (effective l January 20191. OB3EcllvES AND AcfiviTIES Obieetives and Acuvltles The chartys objective is to promcte and advafft the ed(tatton and appreciabon of the arts wthln the community through the operètion of an arts centre. In setb"rtsJ our obFrtives and planning wr activi￿e5, the tJustees have had due regard to the I￿rIty Comrnwon's guidan￿ ￿ putlic benefft. We achieve thi5 by providing affordable exhibititin space for Eocal and ernerging arbsts, ddwering a varied programme of exhibitions, er￿UragIng access to the arts at tow or FX) tt)sL and ￿PpOrting community Wel1b￿n9 thrO￿4h volunteering. Durlng the year, we ¢*I￿e￿d 42 exhibitiorts featuring over 200 a￿sts across a wide Rnge ￿ Th*dia. Th￿e Indud￿j estatAistrd oryani5#trons ¢othmunlty groups and flrst-time exhibitors. We weIC0n￿ approxlmatety 34,000 wsitors, rerteciing strcry engageJnent frorn knth lotral residents and visitors. We wanded our communty f(KM5 through a new ￿h(K￿5 prograrnffle reathrKJ ovw 250 thildren, patherships w*h l(Kd eduooon wovlders, and targeted engagement wtth underrepresented groups. We also Intrc￿UCed a Friends projramme to streThJthen comMun￿Y engagement alKJ supsx)rt. Volunteers remain to our oF£ratio￿. contribubry 4(TOSS gollery acbvities, exhi&tions and eve￿. Addititsnal Initlatlves Induded egtabl*hing a free art book library. pnjvldlng a publldy accessble ￿an0. JKI supp)rtiE¥J reuse of arttsLs' maLEria15 thmugh bcal thar￿￿e donations. Fundra55in9 •nd Vdu•téer co1￿¥bu￿￿￿ FundraLsing has histor¢calty focused on V￿ltor donations and supp)rter c¢fitritr￿￿￿)S, We plan to struothen thEs capability with supwrt frorn an exper*ncÈd v(Auttteer. The th￿lty is supported by 47 regular VdUnt￿ and 7 tru5ttrdirectors. Volunteeys contritrAJte across all areas of operation, intJLrfing gallery wpervslon, exhlbiitons and events. Total volunteer Ume Is e5t4mated at 5,500-6,000 ho￿￿ annuallyi representlng a si9nifi(ant c(¥ttribub￿. We will conbnue to grow our vduntsw base to supm expaThled acti*ity aThJ communty ervJagement, FINANCIAL REvIew Finonaal Position Tota Incoming decreased to £119,048 12024.. £134,369), pThrnanly due to a non-reojrring Iw Sn 2024 arKI a small r￿￿(￿on in sales mmmissK)n. ErKliture rellu￿ sl¥Jhdy ID £138,76412024: E141,1571, ￿ecting mntinued (nsi contrcl. The ￿pOrted defiat for the year was £19,418 (2024.. £6,732), induding depre(iatx)n of £32,262 whlch does not Impact cash flow. Qsh balan￿ Inueased to £89,736 (2024: £78,715), Indi￿￿"ng undertying financial stsb11￿i. Total fund5 at year end were £213,19112024: £232,609), inthdw)g designatsy funds of £95,255. The thanty COn￿nVeS to prioribse ￿bUl￿dIng ￿elveS to support capitsl needs and impn)ve finarKial resilience. Actrons indude Incre￿ThJ vlsltor numbers, expardirKJ fundraislng actimty, inyroving Gift Aid re(Dvery and irKTeasing CDntribution5 from the traiFVJ wb5ith'ary. Page I OXMARKEf CENTrE OF ARTS UMITED REPORT OF THE TRIJSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 FTNANCIAL REVIEW The reserves require5 unrestritted fund5 ewwdknt to srx months, eXpend￿tiJre (£70,000). At year end, avabla￿e re5erve5 were £68,016 (2024.. £58,068). FifwRE PLANS Fdlowing the poSt-￿d rebuilthng of our exhlbmon programme, we a￿ refcKuang on ￿luC￿n and commun engagement. Over the next flve years we will strengtrtn fUndraI￿ng capabtllty, launrh a stnjrtured fundraising campawjn, devdop partnerships to reach uryJeThepre5ented groups, and e￿n￿ o)mmunity prywdmmes tsilored tcs Spea￿ audien￿* Thi5 appro3th wim ￿p￿rt both aTtisbc devekjpment and wider cotnmunty impaLt. STRUCTURE, GOVERNANCE AND MANAGEMENT Governiny document Tre charfty is govemed by its Memorandum and Artides of A5%)uation and constitutes a limited ¢unpanyi Ilmited by guarant￿, as (Jefined by tre Companles Act 2006. Recrnltment and appointment of new tn￿tee$ TrU5r￿ are at the Annual General Meeting, wfth one th￿d retiring by rotation each year and el¥giNe for ree1￿￿On. Board meets six times annually aEKI is resFon5iLle for the strategic directi￿, governan￿ a￿1 firba￿ Sbjstairobility of tharfty. r*w tru51ees re¢xve an indudion pad( ouUinin9 thar legal respOn￿bill￿e5, goveming dLKuments and key ¢Jperational information. D6y-today operaU¢Jn5 are maThgged by a part-￿me Gallery Manager and Operauons Manager, supky)rt&l iv stsff, contractors and volunteers. Rkk management TNstees maintsin a Regits to identify and manage key risks. This is re￿￿ tEgularly to erLwre app￿prIate (Dntrds are In plao to mithjate finanaal, oper&70nal and gover￿nCe risks. REFERENCE AND ADMINISTRA7ryE DEfAILS Re9lstered Company numl 01029563 (England 4Th1 Wa1251 Reglrtored Charfty wmber 263367 St Andr￿ Court Off East Street Chichester West Sussex P019 IYH Twrtees MJBell M L Goldstntth REHarr L A Myles SRSrnith L A Bart)ato {aplx)int￿ 101312025) M A K G fityrald (appointed 11412025) Oxmarket Centre of Arts Ltd has seven tru5k& who we al&> direct(K5 for the purtxEe5 of the CoFnpan￿5 Act 20Q6. Trustee5 are reCTu￿e￿ based on 5kn1L5 rdevant to governan￿ and the future development of the charity. Page 2 OXMARKEf CE14TRE OF ARTS UMTfFD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 REFERENCE AND ADMINisfRATIVE DEfAILS Independent Examiner Sarah AlexarKler FCCA FCA Lewis Erownlee (Chichekn) rtered Attountsnts Ap￿ed￿rn Barr &rdham Road Chichester West gJssex FO20 7EQ SMALL COMPANY EXEMMONS The atry)ve re￿rt ha5 been prepar￿ in a(Y))rdan￿ with the special provislons of Part 15 of the Companie5 Att 2006 rdating to small companY&s. Approved by order of the of on ... .... .. .... .. .. ... .. . signed on ￿S behdf by: L A Piylds- Trustee Page 3 INDEPENDENT EXAMINERS REpowf TO ThE TRUSTEES OF OXMARKET CENTRE OFARTS LIMfTED Independont examlnets report to the trurt* of 0Xma￿ Contre of Arts Limit￿ (Ihe Company,) I rep)rt to the charity trust￿ on my examination of the accounts of the Ctynpany year ende 31 December 2025. Responsiljilliles and basls of report As the charivs trustee5 of the C￿PanY (￿d also its diTector5 for the purp￿ ol corry)any lawl you are responsNI e for the preparat*)n of the accrmjnts In acc￿rd?n￿ with the ￿uIreMents of the Qjmpanies Art 2CK16 Ilhe 2006 ACV). Having satisiled that the accounts of the Company are n(* r84uw&I to be aud￿e￿ under Part 16 of the 2006 Act and are dEgible for Inde￿d￿t examknatton, I rep¢vt In wpett of my examlnètion of d)aritys aL￿nts as carri& wt under S&tin 145 of the Cfrar￿es Att 2011 (￿e 2011 Art). In c3ryirKJ out my examination I have fdlowed tr* Dlrections glven by Charity CommlssFon u￿ler Sethon 145(5) (b) of the 2011 Att. Indep￿dent examlnees statement E have complet￿1 my examinatTon. I confirm that no matter5 have o)me to my attention in ccnnecticn with the examinatton gvirrfj me cause to believe.. accounting reujrds were riot kept in rew of the Company as wuired by S&bon 386 of the 2006 Act; or the accounts do not accord with those records; or the ac£ounts do nDt comJy v￿th tr* accOun￿ng requlremÉnts of Seth)n 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which ts nct a matter considw8I as part of an Ind￿)e￿ert examinatSon.' or tr)e ￿UNts have Mt preparal Èn attordance wth the metlv)ds and principles of the Ststement of Recommended prath￿ for accounting and rq)orting by Char￿"e5 [ap￿Icable to tharities rwaring tt)eir accounts in alr0rdan￿ wlth the Fthiancial Rewting Standard applicable in the UK and Republic of Ireland IFRS 1021}. I have no concems have oyne across rK) other rnatters irb connection with the examination to whlch attendon should be drawn in this report in order to enable a proper urthrstanding OF the a￿rtts to ￿ w(hed. Sarah ￿exander FCCA FC4 Lews Brownlee (Chichester) Limf(ed (hartered Accountants Appledram Bams B￿dhaM R( ichester W* Sussex P020 7EQ Date: .. Page 4 OXMARKET CENTRE OF ARTS LIMrrED STATEMENT OF FINANCIAL ACTI1￿Es (INCORPORA71NG AN INCOME AND EXpEND￿uRE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Totsl tumls 1024 Total funds funds funts fund INCOME AND ENDOWMENTS FROM Donations and legac￿S 26,672 26,672 37,226 ChaTitsble 4(tivitl¢s Centre Df A 91356 91356 97,123 Investrnent income 20 Total 119,048 119,IM8 134,369 EXPENDITURE ON Charrtsblo a¢ti¥itles C2ntre of Arts 138,764 138,764 141,157 Net gains on inveskn 298 56 INCOMEI(EXPENDrnIRE) (19A18} (19018) (6,732) RECONCILIATEON OF FUNDS Totsl funds bmught thard 23L609 231609 239,341 TOTAL FUNOS CARIUED FORWARD 213,191 213,19X 232,609 The notes fomi part of these financial ststements Page 5 OXMARKEf CENTRE OF ARTS UMifED BALANCE SHEEr 31 DECEMBER 2025 2025 Total nds 2024 Total fvFHIs funds funds fur Tangible assets Investments io li 145.175 665 145,175 174,541 368 145WO 174,909 CURRENT ASSETS 12 15.287 89.736 15,287 89,736 30,925 78,715 Cash at 105,023 S,023 l(fJ,640 aiEDITORS Amwnts falliThJ due ￿thIn one year 13 (37,672) (37,672) {51,940) CURREpif ASSETS 67,3SI 67,351 57,700 CURRENT LIABILrri£s 213,191 213,191 232,609 213,191 213,19 232,609 FUNDS Unt*icied funds 14 213,191 232,609 TOTAL FUNDS 213.191 232,609 The charitable company is enbud to eXernpt￿n from audit under Sth)n 477 of t￿ Companies Act 2(K)S for the year ended 31 De£eml*r 2025. The mem1￿r$ F4ave not requlred the company to (thin an ￿dTrt of ts fi￿￿al ststements for the year ended 31 ￿￿ember 2025 in a(xordantr wth S&tion 476 of ￿ compan[￿ Att 20£￿. The trus￿ acknowwe thelr responlbilities (a) ensuring that the charits￿e company keeps &cDunting F￿￿15 that comply wlth Sectlons 386 and 387 of the Companies Att 2006 and preparing finantial Statements whith give a tsije and fair view of the state of affairs of the tharrt*Je Company as ot the end of each financol year and of its surplus or defic￿ for each fill￿￿31 year in aCcOrda￿e the requlrements of Sections 394 and 39S and whi(h OtherW￿e comtAy wth the r￿u]rements (rf the CompanE5 Att 20(￿ rdatlng to financ￿1 statements, w far as applicat￿e to the charriable comp3ny. Ib) The notes forTn part of these financial ststements conbnued... OXMARIEfcENTRE OF ARTS UMrrED . BALANCE SHEEf- contlnued 31 DECEMBER 2025 ffnanoal statements have been ￿epared In accordan￿ urith the prOv￿K)nS applicaile to charitsble companies subiett to the sn¥311 comp3nies wime. The anaal ststements were akwroved by the Board of Trustees 2nd auttyjrised for issue on L A Myle5- Trus The notes fomi part of these financial ststernents Page 7 OXMARIEfcEIITrE OF ARTS UMITED NOTES TO THE PINANCTAL STATEMENTS FOR THE YEAR EIIDED 31 DECEM8ER 2025 ACCOUltrING POLICIES Basis of preparing the financial statements The finanaal statemetrt5 of the tharita)le companyi vthich a publK be￿￿t entsiy under FRS 102, have IE prepa￿1 in accordan￿ with the charit1￿ SORP IFRS 102) 'Accounting and Reporbng by tharliles,. Ststanent of RecotnmerKJed Prac￿ applioble to charities Preparing their accounts in accordance with the Financta Reporting Standard apKAKable in the UK and Republlc cl Irdand {FRS 102) leffecuve I lanuary 2019),, nanaal RepO￿Thj Standard 102 The finanaal Reming StaThlard a￿lCable In the UK Republic of Irdarnl, and the Companie5 ALt 2006. The financial ststeTnents have been p￿￿￿Ted under the historical c05t convention, wilh the exception of invesbments whKti are induded at mwket vahse, as mc¥Jifed by the revaluation r)f cerk4n assets. The financllal statements aye pr￿ted sterflTrJ, whkh is the fu￿ti￿n41 oJrrerfy of the ¢h4rity. Monetary nounts in these fineJrial siatements roundexl to the nearest pound. Finan¢i•l reportsng standord 102- redy¢¢d disdosure exomption$ The charitsble company has tsken advantsge of the fdlowing disdoSu￿ exempkn'on in preparing the* finanoial stat￿ents, as pemilttgj by FRS 102 The Financial ReKKJrting Standard 4)plicable In the UK a)d Republic of Ireland,: the requirements ¢)f Section 7 Statement oltsh Hows. All i￿ome and ¢*)nations are recogni*d in Ihe Stat￿ent of Finaffol Adivibes (yKe the tharity entivetnent to fvrKls, it i5 probable that the incLxne will be reC￿d and the arnount on be measured rdiably. BookiThJ fee5 and deposts hekl in advarKe are deferred re￿ISed In the ￿lod In whlch they rdaÈ to. There wwe no d￿￿tior6 in knnd during the year. Expendlture Liabilities are remgnisèj as expenditure as sor)n ￿ there Ss a legal ￿ corstruthve obltgab.on commithng the tharty to that expeTKlI￿re, it is prOba￿e that a transfer of economK terrfits wll be required in s&Uement and the arTh)unt of the 0￿￿jatiOn carb be measured rdiabty. ExpeThJtttsre is ￿COunted for on an ￿￿1315 basis and hès been classrfth Under headings that aggregate a4 cost rdated to the c3teJory. Allocatlon and apportionment of costs Cosis are alkjcated bet￿n dlrert charitaNe and support ¢x&s to the natvre of the c05t. WIEre items invrjve mLKe than one otegory ljw are aPpo￿one￿ bets¥￿ the categ￿leS on a ba￿$ which 6s conslstent the use of resour￿. Tangible flxed assets Depreciation is provTded at the followiryJ annual rates ill ordw tr& off eath asset ovw its estimated useful lrfe. Frethold prokEty ImtKovements to worety Plant and mthinery 2% and IO¥D on cost 15¥0 on cost 20% on cost xed ￿Sets are Ca￿￿11$ed where the inibal c05t ex￿¢[￿ £3CKI. Taxatlon OKmarket Centre of Arts ￿Mited 15 a wmpany lirniiEd by guarantee and is a registered thaiity (No 263361. As a resu￿ of ts Char￿able ststsjs, the tharity i8 e¥eMr￿ from ¢(￿ratiON tsx on its dwritsble artlvEbes. Fund accountjng UnresbK*&l fvnd5 can be used in accordance Mth the Cha￿ts￿e obj.￿￿¥& & the discretion of the trust Page 8 continued... OX14ARIEf CENTrE OF ARTS LIMrrED NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 31 DECÉMBER 2025 ACCOU14TING POLICIES- cfjntlnued Fund acrounting Restrictdl furK15 can for partscmlar restri(led putP05es within the objttts of the chartty. RestrfthorLs arfse when speclfied by the donor or ¥¥hen funds are for parbcukr [£*￿ted purpw. Endowment funds are fuThls g•ven to the the Char¢ty to tk held as capttal but which Ltn, at the dis(TdJon of tr* trust￿, be ap￿ted ￿ income for these wrpose5. Jrther ey￿anatIOn of the M￿re and purpKJSe of each fund is indud41 in the notes to the finanaal statements. Pension costs and other post-retirement b¢rb¢fits The charitsble cornpany operates a defin& contribuknon penston stheme. cOntri￿tIOnS ￿Yable tc* the CharIta￿e companvs pen￿0￿ scheme are tharged to the Statanent of Finandal Athitre5 in the to whlch they relate. Investments and Investment Inc All inv£strnwts are stated at marf(et value and the movèment str￿n cm)prLw both ￿liSed and unrea115ed galn5 arKI k15ses. Reallsed galns or losses arisrHJ on the diwal of investM￿ts (together with prowisK)ns for dlminub.on in value), are creditd or debited to the Statement of Finanod A¢hUes, and gjbsequenty trBn￿erred to unrethirt& funds. Inve5trnent irKome {Ind￿lITYJ a550ciated tax re¢J)ver6ble) is ￿ethLe￿ to the Ststement of Financial Actiwtses when reCe[vab￿. Grants Receivable Grants fcf ImmÉdlate expendi￿re ère accwnted for when they become receivabl& Grants rccdved for specffic purposes are treated as re5tr1cted ftjnds. restricted to future wlo(k are defetTed and recognised in kne period Flnandal Instnjments The Charity onty ha% firwnoal assets and financEal l￿bil￿e$ of a kind that qualify ag basic finanaal instmments. 8asic fIr￿CIal Instruments are remgnised at arTh)rtised cost L￿Ing the effectwe interest m*hod ￿lesS the effect of discourTknng would be Nnmatsrial, in whith case they 8Tr statsd at (x)sL The Charfty Nas no advan finandal Insknm￿t% rx)NAThONS AND LEGACIES 2025 2024 Donotions Grf( aid Legaci&% Grants Bank intwest I￿760 25,763 10,854 2N90 1,582 609 26,f*72 37,226 Grants ￿CeIved, Indud&l in trE above, are as fdlows.. 2025 2024 Chid* DEtritt CounciFSchwls grant Page 9 cont(nued... OXMARKEf CENTrE OF ARTS UMfTED NOTES TO THE PIMANCIAL sfATEMENTS- coTrthiued FOR THE YEAR ENDED 31 DECEM#ER 2025 Ir*vEsfMENT INCOME 2025 2024 Dlwdends recelved 20 INCOME FROM CMARrrABLE AciivmES 2025 2024 Atti¥ity Centre of Arts Centre of Art5 subscripts.ons BooknrrfJ fees Commiss￿￿ on s31@ of athork Other income 735 54,190 1,531 53,216 Centre of Art5 Centre ofArts 35,906 525 42,376 91356 97,123 Support note 6) Totals Cenlre of Arts 74763 66,001 138,764 PPORT cosrs Gov¢man Managwnent n•nce Totals Centre of Arts 61732 1544 725 6fy001 NEfINCOME/(EXPENDrnIRE) Net irKomel(expendthrel is ststed after charylrrfJ1(cred￿ng).' 2025 2024 IndepeThJent exèminatiDn f 725 31262 3,475 32,184 TRUSTEES, REMUNERATION AND BENEFrrs There we ryj tsusteeg remuneration or other benefits for the year eThJed 31 D￿efflber 2025 nor for the year ended 31 Decwnber 2024. Page 10 mnbnued... OXMARKEf CENTRE OFARTS LIMITED NOTES TO THE FINANCZAL STATEMEMfs- contlnu FOR THE YEAR ENDED 31 DECEMBER 2025 TRvsfEEY REMUNERATION AND BENEFfTS- ￿TrtknUed Trustees, expenses Durlng the year end￿ 31st Pecemlkr 2025 twst*s were r￿MbUr￿j gallery exF￿n￿ totslling nil (2024: £1,781). Th￿￿ were no ottier payments to tjustees during the year other th3n the relmbursement of expenses Incurred in the normal tourse of business. 2025 20 Wages and ￿larieS 54,414 L,150 iJ85 65N53 55,564 The avwage monthly number of employees durfng the year was as frII¢Ms: 2025 2024 ministration No employees receNed enmjuments In excess of £60,000. 10. TANGIBLE FIXED ASSErs FreeholdEmprov•neftts Plant and pnjperty ts> property machinery Totals cosr At l January 2025 AdditioThs 119,917 2￿190 1549 2,534 347 325,641 1896 At 31 2025 119,917 205.739 1881 328,537 DEPRECtA7ION At l January 2025 Charge for year 27,581 199 121,914 30,525 L605 538 151,100 32,262 At 31 Dec￿nber 2025 28,780 151439 143 183,362 BOOKVALUE At 31 Dewnber 2025 91,137 145.175 At 31 December 2024 92,336 81,276 929 174,541 Page 11 ¢onbrwed... OXMARKFf CENTRE OF AKfs UMrrED NOTESTO THE FINANaAL sfATEMEfiTS- ￿ntInUed FOR TrEE YEAR E14DE0 31 DECEM#ER 2025 IL FIXED ASSET INVEsfMEiirs Shares in grollp undertaklngs Investments Totals MARKETVALUE At l January 2025 Revaluafjor 367 297 368 297 At 31 Decerni￿ 2025 664 BOQKVALUE At 31 December 2025 664 665 At 31 De￿mber 2024 367 There We￿ no investM￿t awts outslde the UL Cost or valuab.on at 31 December 20251$ repre5entsJ by: Shar85 in group undgrtaldn9s Invesb Totals 665 The compary's irwestments at the tralan￿ sh&t dats in the share capiral of CoMpa￿eS Indude the foll￿ng.. Oxmarket Trading IAmited Regi*ered offi￿. St And￿ CoJ¢ Off East Stree¢ Chichester, West P019 IYH Class of sha￿. Ordinary holding loo 31112125 31112124 Aggregats caiytal and Yesewes Profft for the year ,091 19,928 12. DEBTORS: AMOUNTS FALLIflG DUE wrTrriN ONE YEAR 2025 2024 Trade debtors Amounts owed by group undetsking5 other debtors 11,983 1387 917 25,137 5,768 20 15,287 30,925 On 25th 0cLober 2021 a new trading sJbskliayJ Oxmarf