REGL8TERED COMPANY NUMBER.. 01324906 (B￿gI￿nd alldW*ies)
REGISTERED CHAIUTY NUMBEIL. 274326
Re rt of the TTUStees and
UD*udited Fknan£i81 St8lements
forthe Y•Ar Endod 31 Ma￿h 2025
Th¢N
te G#lle
Tntst Lim'ted
PPK Accountants Limited
Charterd Certified Accountants
Sandhurst Hous¢
297 Yo￿tOWn Road
Sa]]dhur5t
Berkshir¢
GU47 OQA

The N'ew Ash te Galle
Trnst Limited
Contents of the FiDAnti81 Stst¢rnt￿ts
rthey
arch 2025
RefereDee •nd AdmSnls¢r*tlve Det*Ug
Report of the Trnsteo8
2 to 5
dependent Report
Ststement of Fln•nelal Ac¢lwhi
Ba1￿Ce She¢t
Notes to thè Fkn*nd*l 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)
GALI￿Ry DIRECTOR
Dr Outi Remes
COMPANY SECRETARY
M A s￿l¢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 re￿rt 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 Rel￿2￿g 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 progr￿me ond educatiot￿l 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 y*s progrdmme fowsed on three priorities.. supp)rting t￿]y-career ]naker4 off¢ring frce and accttsible cr¢ative
oppothnities for r¢5]d￿ts, 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 Handm*le 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& te￿11¢$, ¢¢ramics and mor¢. Following
pllblic voting during the summels Open Sttldios, a shortiist was selected. A second round of voting and judging
awarded the iitle to Rosalinda Kightley. paintcr and printmaker. who received 586 vote5. She w&5 &waTded a £2,000
bursary to dclivcr a communiry wot*$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$ s￿dellts at the Univ¢nity for the Cr¢ative
Arts on a live retail proje¢t. This gave students practical experience in product developmenl cugtomer I￿51￿hL and retail
presentotion. Sh2d¢nts visited ihe gallery, pr¢s¢nted prO￿$￿s, and received feedb&¢k. Selected designs were Chosen for
display and sale in the gallery.
Community engagcmtnt reached a total of 1,139 FMrticIpay￿ through fre workshops supported by FaTnhatn Town
Couftcil and the South Street Trust. The Stitch n, Cut series, fi]nded by a £2,0(M) conllnunity ￿an( Farnham Town
Council reached 736 family parti¢ipan(s * ¢v¢nts including World Musi¢ DAY) the Suslainability Festival, Musi¢
in the Meadow, and October Craft Month. by J￿e Browne and Lucy Dorothy Nichols, the drop-in session5
encour88ed int¢rg¢n¢rationai ¢reativiry through accessible textile and paper-ba5ed craft5.
The How Bright Can W¢ Go? project, suprxyted by £1,750 from the South Sttret Trnst and led by Kate Kennin8ton
Steer, involvtd 403 participants of ¥ll age5 in making 239 handmade w¢lcom¢ ￿rdS for residcnts in the new central
Farnhojn development in Bri8htwell's Yard. Evalu8tion fmm ix)th PToje¢ts showed 100% parti¢iPWt satisfaciioty with
83% reporting that th¢y learn￿ a new skill.
In October. Cook was selected &s the New A$hgat¢ winner ot the Festival of Crafis. Her intri¢ate pap¢r works.
inspired by botani￿1 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]o*gsid¢ 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. sUp￿rted 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 caM￿￿gns. 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 Associ￿lon 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 dI￿ting 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 tr*lnlng 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 T￿St. 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 M*r¢lJ 2025
STRucfuRE, GOVERNANCE AND MANAGEMENT
ReJ*ted ￿rtIeS
The ch4Tity bas close a$s￿l#tionS with avariety of other local organisations oJ)d sch(A)Is. It works ¢los¢ly with the
World Craft Town partD¢rs, including Famhwn Mattings. CTafts Study C¢lltre, the Farnham Polltry. thc University
for the CreRtivr Arts towards developing oprM)rtunities for the craft or8allisation$ 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 conn￿liOnS 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 com￿TrY,)
I rew>rt to the charity Th￿te¢S on my ex￿Ain&t10￿ ofthe accounts of the Ci)mpany for the ye8r ended 31 March 2025.
RespoDsibillti¢s b*$is of report
As th¢ charrty's trllS￿ of the CompaThy (and also its itir¢ctoJ3 for the purFoses of company I￿) you are rwnsible
for the pr¢paration of the accounts in xcordance with the requir¢m¢nts of th¢ Comp8ni¢s Act 2006 Ilh¢ 2(rfb6 A¢V).
Having sattsfi¢d myself thatiht accounts of the Company are not thiuiml to b¢ audited under Pan 16 of the 2006 Act
and are eligible for independ¢Dt ¢x8minotiOTt, I wort in resp¢ct of my examination of your charity's accounts a5 carried
out under Section 145 of the Charities Act 2011 Cthe 2011 Act). In canyin8 my ¢xamination I hav¢ followed the
Directions given by th¢ Charity Commissiort ynder Section 145(51 (b) of the 2011 Act.
Indtpendent ¢x*mlner'$ $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¢rst￿dIThs 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
CTh*ritsbl¢ 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
Ch*rit4ble 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 R￿tricted
fiJnds
funds
Notes
FIXED ASSETS
Tangible assets
40,098
40,098
50,879
CURRENf ASSETS
Ikbtor5
C￿h 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￿ prep￿ed 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 Finanei*l Statements
for the Year Ended 31 M*rch 2025
ACCOUNTING POLICIKS
Bft8i5 of prep•rin8 th¢ finxNcial state￿ents
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$'. Stst¢m¢nt
of Recommended Practice appli¢abl¢ to ¢lLaritie5 PTeparing their accounts in accordance with the Financial
Rwrting StandaTd applicable in the UK and Republic of Irela]]d (FRS 102) l¢ffective l January 2019),,
Financial Re￿rtlThg Stsndard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of
tr¢land' and the Companies Act 2006. The fmancial statsments h8v¢ been pr¢pwd under the histori¢al wst
convention.
The fin8rt¢ial statements have bten preparedon the going wncern basi&
Vinaneial reporting standard 102- reduced distlosure exemption$
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 tr￿S[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 cla￿lfied 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 End￿1 31 Mgrch 2025
AccourfflNG POLJCIES. £oDthi￿ed
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¢1￿l0n- 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 Fln*thtlal S
t¢m¢nts. eontinu
for the YeAr Ended 31 M8r¢h 2025
COMPARATIVFS FOR THE STATEMENT OF F￿ANCIAL ACttVITIES
Unrestri¢*d R¢stri¢¢¢d
fund5
funds
Totsl
fi￿dS
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
G￿lery 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
Fix*llr¢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
T￿￿t 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¢
F￿nh￿rn 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 Tr￿￿t- Risin8 Stars
2024
Billm¢ir Ch9ritabl¢ Trt￿t- 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 FSn*n£l*l stattrne￿ts- 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 fi￿d
204,￿]
{15.237)
188,764
Restricted funds
Billmeir Charilable Tn￿t- 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 fu￿d5
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 Fln*nci*l St8t¢meDts- contin￿¢0
for the Year E￿ded 31 M*rch 2025
12. RELATED PARTY DISCIL>SURFS
There were r¢l4ted pty tr4nsartions for th¢ye4r eJthd31 Ma￿h 2025.
P8ge 15