REGL8TERED COMPANY NUMBER.. 01324906 (BgInd alldWies) REGISTERED CHAIUTY NUMBEIL. 274326 Re rt of the TTUStees and UDudited Fknan£i81 St8lements forthe Y•Ar Endod 31 Mah 2025 Th¢N te G#lle Tntst Lim'ted PPK Accountants Limited Charterd Certified Accountants Sandhurst Hous¢ 297 YotOWn Road Sa]]dhur5t Berkshir¢ GU47 OQA
The N'ew Ash te Galle Trnst Limited Contents of the FiDAnti81 Stst¢rntts rthey arch 2025 RefereDee •nd AdmSnls¢rtlve DetUg Report of the Trnsteo8 2 to 5 dependent Report Ststement of Fln•nelal Ac¢lwhi Ba1Ce She¢t Notes to thè Fknndl Ststewrats 9 to 15
5t Limited Reference Administrntive Details for the Year Ended 31 M•r¢h 2025 TRUSTEES N Corkish- Chair M Benton Ire5i8ned 28.11.24) J Mil¢s Iresi8n¢d 15.8.24) MASmith A F Butl¢r {resigned 10.6.25) C A Jacktllan SLBird A Good CDGwJ¢ A Jones (ap]nted 10.12.24) R Court (appointed 15.5.25) GALIRy DIRECTOR Dr Outi Remes COMPANY SECRETARY M A sl¢h REGISTERED OFFICE Wagon Yard Surrey GU9 7PS REGISTERED COMPANY NUMBER 01324906 {Fthgland and Wales) REGISTERED CHA I¥UMBER 274326 INDEPENDENT EXAMINER PPK Accountants Limited Chart¢r¢d Certified Accountants SandhuTSt Hous¢ 297 Yorkknwn Rowl Sandhurst Bet*shxre GU47 OQA
The New Ash *te G#ll Trust Limited tered num r- 01324906 ort of the Trustee5 for the Year Ended 31 Marth 2025 The tn]stee$ who ar¢ also diTe¢tors of th¢ ch8rity for th¢ purpos¢s of th¢ Comp4ni¢s Act 2006. present their rert with th¢ financial 5tat¢m¢tLts of th¢ Charity for the y¢ar ended 31 March 2025. Th¢ tru5t¢es havE adoptrd the provisions of AcwuThting and Rel2g by Charities: Statememt of RetA)MMertd Prn¢ti¢¢ applicable to charities prcparing their ccounts in accordanc¢ with the Financial Rcportin8 Stsndard applicable in the UK and RepubliG of trelalld IFRS 102) (effxtive I lanuary 2019}. ORIECnVES AND AcrIvrriKS The TNst's principal objectiv¢s a non-profit m8kiJ)g orgonisalion ar¢ those of promotin& celebrdtiD& and vanc1ng high.quality Contemporary art and id¢as objects. Creative 1¢arnIT and artists and tnak¢rs. Throu8h a varied and innovative exhibition progrme ond educatiotl remit. the Trns¢ aims to c•taiyse fjn¢ art$ and crafts activity in the region. By providing sn ¢llvirotLment that is accessible. Ope atld stimuiatingto all, tbe gallery promotts aw•Me6s and knowled8e of arts and ¢rafis, ¢n¢ourag¢s and ¢ngages audi¢n¢¢& offtts edu¢ationAI op)nItieS. and supports arts and crafts practitioncrs on a flnancial and prdcticaj level. Alongside other cultural <x8aThisations in Farnham. it aims to promote Farnham as the World Craft Town of England with much to offtr residents and visitots alike. In dceiding what 4ctivitie5, the should undertake duriTh8 the year the Trustets have paid du¢ to th¢ Chwity Commission's guidallce on publi¢ bett¢fit anl as apprDpri8tc and whtre rel¢vanL we ensure we refle¢t ih¢ 5tondards within the C(xle of Fundraising Practic¢. Page 2
he New Ash te Galle Trust limited 324 ort of the Trustees for the Yesr Ended 3] Maroh ACHIEVEMENTS AND PERFORMAfYcE The ys progrdmme fowsed on three priorities.. supp)rting t]y-career ]naker4 off¢ring frce and accttsible cr¢ative oppothnities for r¢5]dts, aTLd generdting income for artists throu8h sales and hires. These were delivered thTOU8h initiattvcs such as Rising StÈrs 2025, a year-roulld exhibitiorl prograTnrne. and a series of communtty work5hop5 funded by Farnhan] Town Council and the South Street Tru5L Rising StsT5 2025 preseThted new work by 20 earlyvcareer maktr$ 5¢1¢cted fiom a natiotjal open Gall, with 410A Identifyll as U[etTePreSented ift uall iD¢luding artists from ethnically diverse ba¢kgrourtds. LGBTQLI+ Communities. and those with visible or hidden disabilities. Deliv¢red porn¢rship with th¢ University for th¢ Creativ¢ Arts. the Crafts Study C¢thts¢, and Makitlg Gwde-and supported by a £2.500 grant from (he Billrneir Charitable Trust-the pro8r8mme included a group ¢yhibitiOll ond one-tO-on¢ mentoring. JewelleT Makila Kaia wa5 sele¢t¢d as the Rising SthTS 2025 willner, with ceralnic 5eulptor Zillah Puri named rwiner-up. All participating makers were invited to exhibit at Handmle Oxford and ¢ontributed to a ¢UTatoriai collaboTation with the Crafts Study Centre. Th¢ Sury Artist of th¢ Year 2024 competitiofy delTvered wKth Sury Artist5 Open sthdios and DAISY. brought together a diverse range of artists working in pointing, printtnaking, dYawin& te11¢$, ¢¢ramics and mor¢. Following pllblic voting during the summels Open Sttldios, a shortiist was selected. A second round of voting and judging awarded the iitle to Rosalinda Kightley. paintcr and printmaker. who received 586 vote5. She w&5 &waTded a £2,000 bursary to dclivcr a communiry wot$hop and will pres¢nt a solo exhibition in 2025-26. Textile artist Claire Kent attd painter Colett¢ Mos¢aii wert also comrn¢tLded by th¢ judges. The project continues to champion artistic excellence and diversity acr055 the county. The Gallery a150 parmered with sewnd-y¢¥ J¢w¢ll¢ry, C¢r8mi¢s. gmd Gl8s$ sdellts at the Univ¢nity for the Cr¢ative Arts on a live retail proje¢t. This gave students practical experience in product developmenl cugtomer I51hL and retail presentotion. Sh2d¢nts visited ihe gallery, pr¢s¢nted prO$s, and received feedb&¢k. Selected designs were Chosen for display and sale in the gallery. Community engagcmtnt reached a total of 1,139 FMrticIpay through fre workshops supported by FaTnhatn Town Couftcil and the South Street Trust. The Stitch n, Cut series, fi]nded by a £2,0(M) conllnunity an( Farnham Town Council reached 736 family parti¢ipan(s * ¢v¢nts including World Musi¢ DAY) the Suslainability Festival, Musi¢ in the Meadow, and October Craft Month. by Je Browne and Lucy Dorothy Nichols, the drop-in session5 encour88ed int¢rg¢n¢rationai ¢reativiry through accessible textile and paper-ba5ed craft5. The How Bright Can W¢ Go? project, suprxyted by £1,750 from the South Sttret Trnst and led by Kate Kennin8ton Steer, involvtd 403 participants of ¥ll age5 in making 239 handmade w¢lcom¢ rdS for residcnts in the new central Farnhojn development in Bri8htwell's Yard. Evalu8tion fmm ix)th PToje¢ts showed 100% parti¢iPWt satisfaciioty with 83% reporting that th¢y learn a new skill. In October. Cook was selected &s the New A$hgat¢ winner ot the Festival of Crafis. Her intri¢ate pap¢r works. inspired by botani1 illustration And the naDJral worl( will felture in a solo exhibition in autumn 20. ExhibitiotL5 throughout the year included solo shows by Emma Dwjbar. K¢vin Stamp¢r> Angela A'col Sally Atme Fitter, and Trevor Prtce, 8]ogsid¢ thtmed still-ITf¢ displays and CUTated craft collections. The newly Tenamed Develop]nent Space {formerly Balcony Oall¢ryl host a full schedule of COTtLll]Ulltty and hir¢ ¢Ahibitions. J¢w¢ll¢ry. ceramics, pYinL and sGulpture remained popular amon8 audiences. A major legacy donation led to the transfer of John Bryce RE'S water¢olours and w(K>d engrnvings io NHS Trusts ond the Royal Society of Painter-Printmakers. Works gre now di$ployed at Frimley H¢8hh and Kingston Hospital, while over 40 engraved woodblo¢ks hav¢ entered educationa] use at Marlborough Collegc. The Ga]lery wa5 Proud to Support the f&mily* wish to continue John Bry'S legacy of public go(Nl and artistic excellen The Gallery was named Arl Gall¢ry of tbe Year (South Eng]thdl in the 2024nS Prestige Awards. The award recogtjised ex¢ellertc£ in Visitor experience, ethical practice, and community en8agement. Page 3
The New As te Alle Trnst limited stered er.. 01324906 ort of the Trustte5 f r the Year Ended 31 M#rth 2025 Marketing and visibility remained strong. Instwam followers ros¢ to 7,663, and Mailchirnp campaigns achieved an av¢rag¢ 55.ph open txte. Targeted promotions, including a Christtna5 Quick Gift Guide. sUprted both in-person and ODlinE sale5. The Gajlery received regular press coverage via Sheengate titles and the Farnhatn Herald. Our loyalty 5Ghcm¢. Ange15. raised £6.420-an tncre4se of 50% on the previou5 year. Online sa]¢s grew strotlgly in Quarter 4. suppori¢d by improved prthlu¢t listillgs and focused caMgns. Footfall remained steady, wrib 11,174 visitors Temrded ross the year. Thes¢ a¢hievements refle¢t The dedlcation of our artists, st, Yo]teers. and parthets. and our shared ¢ommithkent tnaking higb.qv81ity ¢rafta¢cessible to au. FIIYAP4CIAL B£VtEW Ga]lery recorded its highest gr05s sale5 income in recent years in 2025, with totsl art and craft sa]cs reaching £256,512. This refle¢ts tht eontinu¢d #pp¢&l of contempordry cralL strong curatorial plannin& ind effe¢tiv¢ digital ond Season marketllJ8. Whtle tr2din8 performartce w&8 strong, the orgartisation ctsntitiues to face pressure from risin8 core costs. We remain foe4tsed ort mana8ing overheads artd developing lon8er-tsnn income partnerships and strat¢gies. Total incom¢ for the year wnounted to £141,705 {2024= £I32,171) resulting in a loss for the year of £6.076 {2024- £12,961). Atth¢ end of the year Unrestri¢t¢d net ¢urrertt assets were £143247 (2024.. £142.5101. Res•rves Pollry The 8a]lery maintsifts a desi8nated reserve of £65,000 to cover at leL%t six months of operating Costs, cxcludin8 depreciation. An additiona] designated fund of £50.000 h&8 been created thisye4r in respect of websit¢ dev¢lopm¢nt. FUTURE PLANS We are (x>mmitted to uring that NAG remains Jrsilient and adapt&bl¢ to evtslving troding conditions. Th¢ ongoing deydopment of the NAG Business Plan will tnclude a strong focus on community ¢Thgsgement and firrther integration with Farnham's cultural activitie8 teiDforcing its status &8 a World Craft Tow srRUCTURE. GOVERNAP4CE AND MANAGEMENT Goverlllttg documtAt New Ash8ate Gajlery Trust Limited is a charitable trnsi limited by guardntee, governed by its Mernorandum aTLd Arti¢l¢s of Associlon dated 1976. and amended in 1997 and 2014. It is H registered ¢haTity with the Chariry Corojnission. Recruitthettt ppointmen¢ of new tnistees Th]stees are elecled by the Members of the Tn at its AtJnU8] General Meeting. One-third of the trustee5 retire ID rotatton tH¢h year but tnay be re-elected. Other trustees may be appoiDted by the trustees during the year, but they tnust retire at the next AGM, although they may b¢ T¢ry¢l¢ded. For th¢ aGrountiryg wiod to 31 March 2025, ail Members of the Trust were also tn]stee$. Oryni$•¢iong1 strydur¢ The tru51ecs m¢¢t four times a year and have ultimate responsibility for dIting the affairs of the 8allery, cnsuring it is solv¢n( well-nm, and delivering the outcome5 for which it has been set up. Jts focus is on th¢ strategic direction of the clwity.. and it employs a gall¢ry director and thr¢¢ art consu]knts lo ov¢rsee th¢ day-to-day running of the organisation. Indu¢doD and trlnlng of new trn8tee9 New tn]stees receiv¢ inforniotion pack upon appointtn¢nL whi¢h infoms them of th¢ir leg81 obli8ations under charity law, the content of the Melllofdlldum alld Articles of Association, the 51ructsre and decision-making pro¢esses of th¢ TnLSt, th¢ obj¢rtiV¢5 of ttlf TSt. the bi5tory of the Trust Bally, ar¥J infortDation on the other board m¢mbers.
te Trust tered number: 01324906 Rt ort of the Ti'ustÈes for the Yur Ended jl Mr¢lJ 2025 STRucfuRE, GOVERNANCE AND MANAGEMENT ReJted rtIeS The ch4Tity bas close a$sl#tionS with avariety of other local organisations oJ)d sch(A)Is. It works ¢los¢ly with the World Craft Town partD¢rs, including Famhwn Mattings. CTafts Study C¢lltre, the Farnham Polltry. thc University for the CreRtivr Arts towards developing oprM)rtunities for the craft or8allisation$ iti Fartdwn to promote the creativity 8nd the stattjs of lh¢ town as England's Craft fowtl and the World Craft City. Regionally and nationally. the Trust nne¢tions with scverai art Org9]s&tiollS includin8 Surrey Arts, SutTey Artists Open Studios, Contemp)rwy Gl&ss Society. DAISY - Disability Arts in Surr¢y, Art5 Thr¢ad, BL5hopslatLd Educational Trust, The BritL5h Art Medal Society, The Design Trus( M4kin8 Goode, Handmade Britsin, Th¢ Pastd Society, Roy81 Society of P&inter.Printmak¢r& Arts CouD¢iE England and The CrAfts Council. tnternationally. the Trust connliOnS with Gurators and arttsts based in Europ¢. Rlsk mgn8getDent The tswt¢es have a duty to Identify aDd review th¢ risks to whi¢h the charity is exposed and to ensur¢ appTopriat¢ controls are in place to pJDvide reasoDthlr nCe agaiDSt fraud and ern. The Risk Register is updated regularly. This r¢ has beeTL pre[d in accordance with the swi4] provi5ioDs of Part 15 of the CompwJi¢5 Art 2006 relating to small companies. Approved by ord¢r ofth¢ boordof trns*es on.. ........ ... . . d Signed on its bdAlf by.. NCoikislL'_ Thjsttt Page 5
de endent EIAmiDer's Re The New Ash ate Galle ort to th Trust Trns Limited I&pendent examiner's report to the trustees of The New Ashgate Gallery TT115t Limited ('the comTrY,) I rew>rt to the charity Thte¢S on my exAin&t10 ofthe accounts of the Ci)mpany for the ye8r ended 31 March 2025. RespoDsibillti¢s b$is of report As th¢ charrty's trllS of the CompaThy (and also its itir¢ctoJ3 for the purFoses of company I) you are rwnsible for the pr¢paration of the accounts in xcordance with the requir¢m¢nts of th¢ Comp8ni¢s Act 2006 Ilh¢ 2(rfb6 A¢V). Having sattsfi¢d myself thatiht accounts of the Company are not thiuiml to b¢ audited under Pan 16 of the 2006 Act and are eligible for independ¢Dt ¢x8minotiOTt, I wort in resp¢ct of my examination of your charity's accounts a5 carried out under Section 145 of the Charities Act 2011 Cthe 2011 Act). In canyin8 my ¢xamination I hav¢ followed the Directions given by th¢ Charity Commissiort ynder Section 145(51 (b) of the 2011 Act. Indtpendent ¢xmlner'$ $tatsment I have wmplctcd my examination. I that no mattcr5 have come to my attention in conneL%ion with the examinthon giving rne eaustto believe- counting record5 were not kept in respect of th¢ Company as required by Se¢tiOD 386 ofthe 20(KS A¢¢ or the a¢counis do not accord with those record5: or the accounts do not ¢omply with the accouuting rtquiremetsts of Se¢tion 396 of the 2Q06 Act other any Trquir¢ment that the accouDts 8ive a trne and fair vi¢w which is not a matttt consid¢r¢d as part of ind¢p¢nd¢nt ¢xAmination; or thc accounts have not been pr¢pared ir a¢¢ordance with the methods prtticiples of the Statemem of Recommended Pra¢ti¢e IOT accounting and reFX)rting by charities lapplicabl¢ to charities preparin8 their account5 in accordance with the Financial Rcporting Standard applicable in thE UK and Republic of Irelatld (FRS 102)). I have no CA)nc¢ms and have corne acn)ss no other matters in ¢(pJJn¢¢tion with th¢ examination to which att¢ntion should be drthwn in this r¢wt in orderto enable a pnper utLd¢rstdIThs of the accounts to bc reachcd. Mr Jam oks FCCA NdAAT PPK Accountants Limited Chanered Certified Accountants Sandhurst House 297 Yorktown Road Sandhutst B¥kshir¢ GU47 OQA
eNewA$ T st Umlted Statement of Finsntial Actimties for the Year Eud¢d 31 M8r¢b 2025 2025 Totoi funds 2024 Unte5tiicted nd5 Restricted funds fund5 Not¢s INCOME AND ENIKIWMENTS FROM Donations and legacies 17,876 8.750 26.626 25.368 CThritsbl¢ a¢¢lvltl¢s Gallery a¢tivities 109,017 109,017 104,987 Investment income 6,062 TotsI 132,955 141,705 132.171 XPENDITURE ON Chrit4ble activities Gallery activities 138 274 147,781 145.132 IYET ll¥COMEI(EXPENDITURE) 15,319} 1757) (6.076) (12.961) RECONCILIATtON OF FUNDS Total fi]nd5 brou8bt forward 188,764 4,62S 193,389 206,350 TOTAL FUNDS CARRIED FORWARD 183,445 3.868 187.313 193 389 The notes fonn part ofthese fiDaDcial statements Page 7
er 4906 Bxlantt Shttt 31 MaTch 2025 2025 Toth] funds 2024 Total funds Unrestri¢tsd Rtricted fiJnds funds Notes FIXED ASSETS Tangible assets 40,098 40,098 50,879 CURRENf ASSETS Ikbtor5 Ch at bank and in hand 5230 156.994 5230 160.862 1,566 159.673 3.868 162224 3,868 166,092 161239 CREDITORS Amounts fAlling due withiti olle year (18,877) (18,877) 118,729) T4ET CURREf4T ASSETS 143.347 147215 142.510 TOTAL A&8ETS LESS CURRElYf LIABILITIES 183.445 3.868 187.313 l93,389 NET ASSETS 187313 193 FUNDS Unrestricted fuyjds Restricted fijnds 183,445 3.868 188,764 4,625 TOTAL FIJNDS 187.313 193.389 The charitable company is entitled to ¢x¢rnption from audit uDder Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The rnernbers have not required the company io obtain audit of its fin*Aci81 Statements for the yew ended 31 March 2025 in accordance with Section 476 of the Companies A¢t 2(Kl6. Th¢ lryst¢¢s a¢knowl¢dg¢ theirTesponsibilities for (a) ctlsuring that the charitable company keeps accowiting reo)rds that mplY with Sxtions 386 aDd 387 of the Comp8ni¢s Art 2006 and Ib} preparing financial statements which 8ive &ftd fair of the stare of affairs of the charitable company &$ at th¢ end of each finthciai year and of its sutylu$ or deficit for ¢a¢h financial year in accordance with the requirements of S¢ctiotL5 394 and 395 and which otherwise comply wth the requirements of the Companie5 Act 2006 relating to fJnan¢iai stht¢m¢nt& so far as applicable to the charitable Company. These fJnancia] stat¢m¢nts hav¢ be preped in accordancc with the provisions applicable to charitablr cottLpaHirs 5ubjectto the small CDmpani¢s gime. The finapci te ents were approvwj by the Board of Tru5kes and &uthorised for issu¢ on . were sigrted on its b¢h4]f by.. N Corkish- Truste The note5 forni part of th¢5e fiDancial statcmcnts Pag¢ 8
The N Ash te Gall Notes to the Finaneil Statements for the Year Ended 31 Mrch 2025 ACCOUNTING POLICIKS Bft8i5 of prep•rin8 th¢ finxNcial stateents The financial statcments of the chatitable company. which i5 a public benefit tity undcr FRS 102. have been pr¢par in accordancc with the Charities SORP IFRS 1021 'A¢wuntiftg and Reporting by Ctwitie$'. Stst¢m¢nt of Recommended Practice appli¢abl¢ to ¢lLaritie5 PTeparing their accounts in accordance with the Financial Rwrting StandaTd applicable in the UK and Republic of Irela]]d (FRS 102) l¢ffective l January 2019),, Financial RertlThg Stsndard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of tr¢land' and the Companies Act 2006. The fmancial statsments h8v¢ been pr¢pwd under the histori¢al wst convention. The fin8rt¢ial statements have bten preparedon the going wncern basi& Vinaneial reporting standard 102- reduced distlosure exemption$ The charitable company has token advantage of the following disclosure exemptions in preparin8 these financial statements. as perniitted by FRS 102 'The Financial Rep)rting Standard applicabl¢ in th¢ UK and Republic of Irelartd,: the requircmtnts of Section 7 Stsiementof Cash Flows. the requirement of paragraph 3.17ld)' th¢ quirCMcnts of para8raphs 11.42. 11.44, 11.45, 11.47, 11.48(aMiii), 11.48{a)I' ), 11.48(b) and Iv 11.48(c); the re4uiretnents of pardgraphs 12.26. 1227. 12.29la), 12.29lb) and 12.29A; the requirement of paTagraph 33.7. Ineome All income is feco8nised tn the Statement ofFinancial Activities once the charity h&8 entitlement to the funds. it is probable that the incom¢ wll b¢ rtceived and the amount call bc measured rcliably. Expendlture Liabilities are rewgnised a5 expenditure as s(x)n &$ there is a legal or constnjctive obli8ation committing the harity to that expenditure, li is probable a trS[Cr of ecoTK)mic benefits will be required in settlement and the amount of the obligation can be measw¢d T¢li8bly. Expenditure is ac¢ounted for on Art axruals basis and hos been clalfied under heading5 that aggre8ate ail cost relatrd to the cat¢gory. Wh¢r¢ eosts cannot be directly attributed to parttcular headings they havc bccn allocated to actLYities on a basis consistent with the use of re5011rGes. Txngible fixed assets Depr¢¢iaiion is provided at the following anDual rates in ord¢r to wrtte off ea¢h &ss¢t over its lIMated useful li Leasehold building imprnvanents Fixtures and fittin8S Computer equipment 4%on Cost 25*A on redueing balance 25% on tEduring balance Taxation Th¢ Charity is exempt from corporotiott rax on its ¢haritable activilies. Fund accountlDg Unr¢strirfed filnds can be used in &ccordonc¢ with the charitAble objectives at the dis¢rttion of the tNst¢es. Rcstricted funds can only b¢ us¢d for porti¢ular restricted purpose5 Wlthrll the objeGts of the ch8rity. Resthrfions arisewhen specified by the donor orwhen fimds are raised for parttcularrestricted purposes. Further explanation of the nature and purp¢)s¢ of each fijnd is included in the noies to th¢ fuw)¢ial siat¢m¢n Page 9 ¢ontinu¢d..
eNew h te C#lle Trnst Limited to th Flnantial tements- tontinued for the Ye8r End1 31 Mgrch 2025 AccourfflNG POLJCIES. £oDthied Foreign CUTreRoes Assets and liabiltti&8 in foreign currnci¢s aT¢ transla into sterling at the rntes of exchange rnlithg at the balanc¢ sheet dats. TrAD5action5 in forEign CUTrenci&s are traDslated into sterli]J8 at the rate of exehaw mling at the date of transaction. Exchang¢ differ¢n¢¢s axe takth inb) account in alriving at the owatitlg rtsult. Penslon eosts other wt-retlrement ben¢llts Th¢ cbarithblt company operates a defined colltribution pension s¢h¢m¢. Contributions p&y4ble to the Gharitable company's pension scheme are charged to tb¢ Stat¢tncnt of Financial A¢tiviti¢s in th¢ PEriod to which th¢y relate. INVESTMEiYf INCOME 2025 2024 Int¢r¢si receivabk 062 IYET INCOMEI(EXPENDITURE) Net inry)meJ(¢xp¢ndits]r¢l is stated after char[credItIng).' 2025 2024 Depre¢1l0n- owned assets 10.773 TRUSTEES, REMUNERATION AND BENEFfts There were llo trustees, Temun¢r•tion orother benefits for the ye4r ended 31 March 2025 noT for the year ettded 31 March 2024. TruBtees' ezp¢4s¢J were no trusttts, ¢xpens¢s p&id for th¢ yegx euded 31 M4rch 2025 nor for the year ellded 31 M8rch 2024. rAFF COSTS The avera8e monthly llumberof employees duritlg theyurwas as follows.. 2025 2024 Management alld adnbinistrAtion No employcc5 received emoluments in excess of l,[KID. Page 10 ontinugj...
The New Ash ate Galle Trust Limited Notss t h Flnthtlal S t¢m¢nts. eontinu for the YeAr Ended 31 M8r¢h 2025 COMPARATIVFS FOR THE STATEMENT OF FANCIAL ACttVITIES Unrestri¢d R¢stri¢¢¢d fund5 funds Totsl fidS INCOME AND ENDOWMENTS FROM Donations and le8acies 12,368 13,W) 25.368 Cknritlble &£tfvltles Gallery tI¥ltieS 104,987 104.987 Investment income Totgl 119,171 13.0(K 132,171 EXPENDITURE ON Ch4ritgble ctivitie5 Glery activities 145 132 NET INCOMEI(EXPENDITURE) (15237) 2,276 {11961) RECONCILIATION OF FUNDS Total fiulds bB)ught forward 204,IM)I 2J49 206.350 TOTAL FUNDS CARRIED FORWARD 188,764 4,625 193.389 TANGIBLE FIXED ASSE73 Lwehold buildinB improvem¢nts Fixllr¢s CoJnput¢r equipment ffttings Totsis cosr At l April 2024 and 31 March 2025 236 529 12 984 249 729 DEPRECIATJON At l April 2024 char foryear 190.188 9,269 8264 1,316 398 196 198.850 10,78l At 31 March 2025 199.457 9.580 594 209631 P4ET BOOK VALUE At 31 March 2025 37.072 1636 390 40,098 At 31 March 2024 46J41 3,952 586 Pwll o)ntinud..
The Piew ite Galle Tt Limited N tsA to the Fln*ncial Statezntnts- £ontlnved forthe Year Ended 31 March 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prq)aymthts lJ58 642 924 2025 2024 8,525 9.934 685 2,852 806 4.452 ial seauity and other taxes VAT Oth¢r Accrned ¢xp¢D 3.234 1.373 5.745 10. LEAStNG AGREEMENrs Minimum le payments uDder non.C•Dcellable QFthtiD8 Iwes fau due as follows: 2025 2024 Withth one yc4r B¢twe¢n on¢ and five y¢ars 8289 8.289 39 P9ge 12 Continu..
ThÈ New As te Galle Trns Limit Notes to the Financi#l Statements- tontinued for the Ye*r Ended 31 M¥rth 2025 ii. MOVEMEf4T IN FUNDS Net movement in funds Transfers b¢tweE fund$ Al 31.325 At 1.424 General fijnd Desiwed fund Websit¢ d¢velopm¢ni 188,764 15,319) 1115,01)0) 65,0 68,445 65, 188,764 (5,319) 183,445 Restritted funds Pth¢ia BaiTJes Trust- su ArtÈst of the Year 2024 Billmeir Charitable Trust- Risin8 Stsrs 2024 Famh8m Institut¢ Fnhrn Tomryj Council- Craft Tow England Radcliffe Trust 2024 Famham tJJ$iitute Charity 2D23 Farnham Round Table 2023 2,(M)O 2.000 1.217 (1,217) 500 soo 776 776 (1,944) (96) 188 500 92 500 4,625 75 3.868 TOTAL FUNDS 193.389 187,313 Net movement in fimds, in¢lud¢d in th¢ abov¢ ar¢ as follows.. JncorDiDg r¢sow¢¢s R¢sollr¢es expend Movement in filnds UnrÈstrlrttd funds Genera] futld 132,955 (138,274) (5,319) Restri¢t¢d fvndg Patricia Baines Trust- SuTrey Artistof the Y¢4r 2024 Billmcir Charitable Trt- Risin8 Stars 2024 Billm¢ir Ch9ritabl¢ Trtt- Ili5ing Stsrs 2025 F8rnhAm Institutc Farnham Town Council Community G[t Radcliff¢ Ttwt 2024 South Street Trust 2024 Famham Jnstitute Charity 2023 i(K)o 2,000 (1.217) (1.217) 2,500 500 2,000 (2,500) 500 (2.000) (1,944) (1,750) (1,944) 1.750 96 8,750 757 TOTAL FUNDS 141,705 147.781) PaBe 13 ntinu¢d...
The New Ash te Gille Notes to tht FSnn£ll stattrnets- eontimued for the Year Ended JI March 2025 ii. MOVEMENf IN FUIYDS- Cornpgrgtfves tor mov¢mfflt Sn funds Net mov¢]n¢nt in fijnds At 31.3.24 At 1.423 Unr¥trieted funds G¢n¢tal fid 204,] {15.237) 188,764 Restricted funds Billmeir Charilable Tnt- Rising Stars 2023 Billmeircharitsble Trust- Rising Stays 2024 Farnham Town Council- Craft Town Englartd Radcliffe Trust 2024 Famham tnstitute Charity 2023 Farnham Round Table 2023 1,073 (1,0731 1.217 1.217 776 776 1.944 188 500 .944 {312) 500 500 2.349 4.625 TOTAL FUNDS 206.350 12.961) 193.189 Comparhtiv¢ nct movement iD fijllds, included in the aiKkve are Ls follows: comithg resourc¢5 Resources expended Movem¢nt in fud5 Unrestrieted funds Genera] fund 119,171 (134.408) (15237) Restritted ftsttds Billmeir Charitable Tn]st- Rising Stars 2023 Billmeir Charitable TnJst- Rising Stsrs 2024 Famham Town Couneil Communty Grant Erica Leonard Trnst RadGliffe Trust 2024 South Street Trust 2023 Farnhatn Institu* Charity 2023 Round Table 2023 (1.073) (1,073) 5.000 1,000 500 4,000 2,000 (3,783) (I,owi (500) 12,0561 I2.0) {312) 1,217 (312) 500 51>0 13.000 10.724 2,276 TiyfAL FUNDS 132,171 145.132 12961} Pgg¢ 14 eontillued...
The New Ash gte Gallt Trnst Limit N•kn to the Flnncil St8t¢meDts- contin¢0 for the Year Eded 31 M*rch 2025 12. RELATED PARTY DISCIL>SURFS There were r¢l4ted pty tr4nsartions for th¢ye4r eJthd31 Mah 2025. P8ge 15