Registered Ch2Ylty Number 529462 TRUSTEES OF THE COOPER ART GALLERY ACCOUNTS FOR THE YEAR EIYDED 30 JUNE 2025 HARRIS & CO Chartered Accountants Marland House 13 Huddersfield Road Bamsley S702LW TRUSTEES OFTHE COOPER ART CALLERY ACCOUNTS YEAR ENDED 30 JUNE 2025 CONTENTS PAGES office￿ & professional advisors Annual report of the Trustees 2to3 tndependent examiners, report Ststetnent of financial activities Balance Sheet Notes tts the accounts 7t0 11 TRUSTEES OFTHE COOPER ART CALLERY OFFICERS & PROFF.SSIONAL ADVISORS YEAR ENDED30JUNE2025 THE BOARD OFTRUSTEES Chairman Mr P B Elmhirst Other members MrJ Bostwick Cllr K Richardson Mrs F Stephenson Mrm Khokhar Cllr C Makinson Cllr T Shepherd Mr TBrookes CLERK Mr R A E lJmbers FCA o N¢w Court Abbey Road North Shepley Hudder5field HD8 8BJ INDEPENDENT EXAMINERS Harris & Co Mar18nd House 13 Huddersfield Road Bamsl¢y S70 2LW BANKERS Svenska Handelsbanken AB (publ) Ground Floor, 12 Longbow Close Pennine Business Park, Bradley Huddersfield HD2 IGQ STOCKBROKERS AFH Wealth Management Buntsford Drive Stoke Heath Bromsgrove WorcestershiTe B604JE TRUSTEF.S OF THE COOPER ART GALLKRY ANNUAL REPORT OFTHE TRUSTEES YF,AR ENDED 30 JUNE 2025 The Board of Trustees have pleasure in presenting their report gnd lh¢ financial statements of the Charity for the year ended 30 June 2025. The legal and administrative inforniation set out on page I fornis part of this report. Legal status The Charity 15 govemed by its Trnst Deed and is registered with the Chgrities Commission (number 529462). Objcctiyes The object of the charity is to m2intain and enhance the Ci)oper Art Collection, make it accessible to the g¢neral public and to encourage and promote art generally in the Barnsley Metropolitan Distt'ÈLt. Organlsatlon The Charity has been administsred in the year by the following Trustees compri5ing'. Chaiman Other Members Mr P B Elmhirst Mr J Bosiwick Cllr K Richardson Mrs F Stephenson Mr F Khokhar Cllr C Makinson Cllr T Shepherd Mr T Brookes Mi. R A E Umbers Clerk to the Trustees No trustee either seeks to reclaim any expenses for attending meetings or irceives any remuneration. Mrs F Stephenson and Mr M Khokhar were appointed as nustees on 25 July 2024. Investment policy The charity's monies may be invest¢d at the Trustees discretion and without liinitation. The Trustees employ the Investment advisors AFH Wealth Management to manage their investTn¢nt portfolios. Review of transaction5 gnd fin8nci81 position The Statement of Financial Activities shows rte( movement in funds of (£16,052) (2024- £306,345). There were grants made in the year to 30 June 2025 of £3,85512024 - £10,911). Cash reserves were £49,936 at 30 June 2025. Total reserves were £6,058,480 at 30 June 2025. Risk njanagement The truste¢s have assessed the major risk5 to which the eharity is exposed, in particular those related to the operations and finances of the charity, and are sat15fied that Systems ale in place to mitigate oui. exposure to the major risks. Reserves polley Th¢ reserves ofthe charity are all unrestricted reserves. It is the policy of the ¢harity to maintain a level of reserves equal or above that required to wind down the charity, plu5 its general running costs for six calendar months. Public Benent Th¢ charity ti'usiees conf￿rn that they have cornplied with their duty to hav¢ due regard to the guidance on public benefit published by the Charity Comtnission in exerci5Lng theii. powers and duties. TRUSTEIS OF THE COOPER ART GALLERY ANNUAL REPORT OFTHE TRUSTEES YEAR ENDFD 30 JUNI 2025 Responsibilitles of the Trustees The Charities Act requires the tThgtees to prepare financial statements for each financial year which give a tru¢ and fair view of the state of affairs of the charity at thc end of the period and of the incoming and outgoing resources for the period then ended. In preparing those financial statements. the trustees are requir¢d to s¢le¢t suitable accounting policies and then apply them con5iStently, making judgements and estimates that are reasonably PTudent. The trustees must also prepare the financial statements on the going concem basis unless it is inappTopriat¢ to presume that the charity will continue its 8ctiviti¢s. The trustees are responsible for keeping proper accounting records which dis¢lose with reasonable accuracy at any time the financial position of the charity and to enable thetn to ensure that th¢ fmancial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of liaud and other irregularities. Signed on behalf of the Board of T￿SteeS MrPBElmhirst..... Date.. 8 January 2026 I'RUSTEES OFTHE COOPFR ART GALLERY INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES YEAR ENDED 30 JUNE 2025 I report on the accounts of the trust for the year ended 30 June 2025 whi¢h are set out on pages 5 to I l. Respeetlve rcspon5ibilities of trustees and examiner5 The Charity's trustees are responsible for the preparation of ihe accounts. The chariry's trustees considei. than an audst is not required for this year und¢r section 144(2) of the Charities Act 2011 (the 201 l Act) and that an indep¢nd¢nt examination is needed. It is my responsibility to.. exaTnine the accounts under section 145 of the 2011 Act follow the procedures laid down in the Q¢neral Direciions given by the Charity Comrni55ion (under section 145(5)(b) of the 2011 Act,. and State whether particular matters have come to our attention. B4si5 of independent examiner5, report My exaTnination was carried out in accordanc¢ with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the chai'ity and a comparison of the a¢¢ounts presented with those records. It also in¢lud¢s consideration of any unusual items or disclosuTe5 in the accounts, and seeking explanations from you as trustees Concerning any such matters. The pi'ocedures undertaken do not provide all the evidence that would be required in 3n audit and consequently I do not expre55 an a￿dit opinion on the view given by th¢ accounts and Ihe report is limited to those matters set out in the statement below. Independent exatnintrs, statcment tn connection with tny examinaiion, no matter ha5 come 10 my attention.. which give5 me reasonable cause to believe that tn any material respect the requireinents to.. keep a¢¢ounting records in accordance with Sect￿0￿ 130 of the 2011 A¢t', and prepaT¢ accounts which accord with the accountin8 records and to Comply with the accounting requirements of th¢ 2011 Aet have not been met,. oi. 2 which, in my opinion, altention should be drawn in order to enable a proper understanding of the accounts to be rea¢hed. . (Independent Examiner) For and on behalf of Ha]TiS & Co. Chart¢r¢d Accountants Marland House 13 Huddersfield Road Barnsley S70 2LW TRUSTEES OF THE COOPER ART GALLERY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 JUNE 2025 2025 2024 Note INCOME AND ENDOWMENTS FROM.. Donations and legacie5 500 331,442 Investment income Rent received Other interest and dividends 29,410 27,244 Total income 33.198 362 403 EXPENDITURES ON: Charitable activitie5 Contribution to Gallery operations Insurance Grants and donations Conservation and transportation fee5 33,000 2,870 3,855 22,465 4,898 10,911 44.227 57,335 GoYernan¢e eosts Clerk's fees Sto¢kbrokeis' fees Repairs Legal and professional fees Sundry expenses Printing, postage and station Bank charges A¢¢ountants' fees 7,080 3,073 400 1,000 6.595 2,868 4,985 364 514 152 527 135 Total expenditure NET ENCOME I(EXPENDITURE) 24 144) 288 640 Realised profitl{loss) on disposal of investments Unrealised profitl(loss) on revaluation of investments 2,050 ,602 NET MOVEMENT IN FUNDS (16.052) 306,345 Total fi2nds brought fojward 6 074 532 5 768 187 Total funds carried forward 58 74 The Statement of financial activities includes all gains and105ses in the year. All incoming resgurces and resources expended derive from continuing activities. All movements air ID restricted funds. TRUSTEES OF THE COOPER ART GALLERY BALANCE SHEET 30JUNE 202S 2025 2024 Note INVESTMENTS Freehold property Works of art Investments 385,000 5,411,213 385.000 5.411.113 242 892 6,041,804 6,039,1M>5 CURRENT ASSETS Debtoi Cash at bank 1.534 2.033 CURRENT LIABILITIES Creditors: Amounts falling due within one year 10 030) NET CURREiYT ASSETS 16 NET ASSETS FUNDED BY Unrestricted funds Approved by the Board of Trustees on 8 January 2026 Signed on behalf of the Board by Trustee TRUSTEES OF THE COOPER ART GALLERY NOTES TO THE ACCOUNTS YEAR ENDED 30 JUNE 2025 GENERAL INFORMATION Trnsl¢es of the Cooper Art Gallery is an unincorporated chaiity registered Én England and Wales. The addres5 of the principle office is CooppTh Gallery, Church Street, Barnsley, S70 2AH. STATEMENT OF COMPLIANCE The5¢ financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republi¢ of Ireland, the Statement of Recoinmended Practice applicable to charitie5 preparing their accounts in ac¢ordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 102) (Charsties SORP I FRS 102) and the Charities Act 2011. ACCOUNTINC POLICIES Basis of prep8rgtion The financial statements have been prepared on 8 going concern basis under the historical cost convention as modified by the revaluation of certain financial assets Ineasured at fair value through income and expenditure. The finan¢i21 staternents are prepared in sterling which is the futtttional currency of the charity and rounded to the nearest £. The significant accounting poli¢ies consistently applied in the preparation of these financial statements are set out below.. The foundation Constitutes a public benefit entity as defined by FRS 102. Going concern There are no mat¢rial uncertainties about the charsty's ability to continue. Incoming re50urce5 Investment income is accounted for in the period in which the charity is entitled to re¢eipt. Resourees expended Expenditure 15 included on an accruals basis. ¢xclllsive of VAT. Grants payable are charged in the period when the offer is conveyed to the recipient. Governance cotnprises costs for the rnnning of the charity itself as an organisation. Reallsed and unrealised gains and losses on tnve$tmeiit as5etS Realised gains relate to tli¢ movetllei)t in ihe fair value of an investment at the start of the period from the sale pi"octtds received. Unrealised gains relate to the movement in the fair value of the eh8rity'S investment portfolio from the previous to the cutrent balance sheet date. Legacies Legacy gifts are recognised on a case by ¢a5e basi5 following the granting of PTobate when the adtllini5tratorlexecutor for the estate has communicated in writing both the amount and settl¢m¢nt date. In the event thai ihe gift is in the form of an asset other than ¢a5h or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliable measurable with a degree of reasonable accuracy and the titl¢ to the asset has been transferred to the ¢hallty. TRUSTEES OF THE COOPER ART GALLERV NOTES TO THE ACCOUNTS (continued) YEAR ENDED 30 JUNE 2025 Statement of cash flows The charity has takeii advantage of the ¢xeinption provided in FRS 102 Section IA and Update Bulletin l of the Charities SORP (FRS 102) not to produce a statement of cash flows. IDve5tments Invest￿entS are ststed are fair value. Freehold property and iyorks ofarl The chaTlty's works of arl are includ¢d at the latest valuation made f(>r insurance purposes. The charity's freehold property is included at the latest value of the freehold interest made by an independently appointed valuer. INVESTMENTS 2025 2024 Freehold Property Valualion br(kught fonvard 385 000 385 000 Valuation carried forward Works of Art Valuation brought fonvard Additions 5,411,112 100 5.091,233 319879 Valuation Ca￿led forward An independ¢nt valuation of the chai'ity's freehold property was undertaken by Smiths Chartered Surveyors dated 6 September 2020. The charity has applied the transitional a￿angements of FRS 102 and used the ¢xisting catrying aEnount of its freehold propejty at its transition dat¢ as the dccmed cost. The charity had their individual works of arE independently valued by Bonhams on 22 June 2022 for insurance purposes cxcept for the CGS Balakjian Collection which wa5 independently valued by Bonhams on 14 Nov¢mb¢r 2024 for insurance purposes. TRUSTEES OF THE COOPER ART CALLERY NOTES TO THE ACCOUNTS {continued) YEAR ENDED 30JUNE 2025 Market Listed InvestmeThts Cost at Mvat 30.6.25 30.6.25 Cost at Mvat 30.6.24 30.6.24 Liontrust Sust Fut CO￿ BD6 Ballie Gifford Inv GB Positiv¢ Change B Acc CT UK Responsible Gbl Eqty 2 CT (UK) ICVC V CT Red Equity 2 Ace Edentree Inv Mgmt Resp & Sust UK Eqty B Inc Edentree Inv Mgmt Responsible &, Sust Short Goldman Sachs Fund (is GBL Envr Imp EQ Goldman Sachs Amfs Emerging Mkts Eqty Esg Ptf Henderson Invest Janus Hend UK Resp Inc I JP Morgan Funds Global BD Opps Sust C GBP R¢ghan FLtnds UK Ltd Regnan Gbl Eq Imp Sols F Liontrust Fund Par Sust Fulure Gbl Gth 2 Acc Liontru5t Fund Par UK Ethical 2 Net Acc Nav Neuberg¢T Ber Inv Global Sustainable Eqty PIEmier Portfolio Miton Ethical C Acc Royal London Sust Leaders Trust Vanguard Inv Ser Esgdev Wld All Cap Eqty Idx Vanguard Invs Srs Emg Mkt All Cap Vontobel und Twentyfour Sust Wellington Mgi Fds Glbl Impact Riv¢r & Mercantile Suss Opps Fll Global SYM Asset Man RGI Global I shares USD Tip5 Dists Gill GPB Dis¢ Vanguard US Gov't Bd Idx GDP Bla¢krork Orf 5hs l L Gilt Id Legal & G¢neral All Stks Gill lsd Trust 6,666 8,968 9,862 3.553 11,155 12,493 1,068 6,963 7,344 1,677 11,246 12,504 3,144 7,040 7,297 15,155 14,615 14,624 854 12,138 12,414 732 7,265 7,461 4,261 6,233 7,347 126 12,184 12,483 11,2J3 12,233 9.561 10.192 4,682 4,901 8,000 9,843 7,410 7,247 14,852 14,732 9,966 9.693 10,269 10.014 6,490 7.330 12,514 12,214 12,595 11.783 8,440 9.724 5,173 4,790 8,415 9,868 4,843 4.832 10,298 12,266 9,469 12,436 9,607 10,021 16,378 17,135 9,978 9,775 13.066 14,944 4,086 10,744 12,457 1,487 4,866 4,878 779 8,444 9,928 1,069 4.763 4,792 3.143 0.094 12,581 43 16,442 20,261 58 6.553 7,493 13,320 14,784 9,566 9,882 962 1,898 19.944 20,099 4.933 4,895 9,369 9,849 4,906 9,666 4,871 4,872 9,806 4,836 92 5,158 DEBTORS 2025 2024 Prepayrnents atld accrued income BANK BALANCES 2025 2024 Cash at Bank AFH Wealth Deposit ,133 37.731 TRUSTEES OF THE COOPER ART GALLERY NOTES TO THE ACCOUNTS (continued) YKAR ENDED 30 JUNE 2025 CREDITORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR 2025 2024 Barnsley MBC (annual ¢laim) VAT A¢crttals and defe￿£d income 23,887 3,007 2,348 DONATIONS AND LEGACIES 2025 2024 Bill Newman Shaw Lands Trust Estate of Audrey Norfolk National Gallery (Conservation) (Conservation) (Legatyl (CGS Balakjian Collection) 500 1,000 15,342 315 100 GRANTS AND DONATIONS 2025 2024 Next Generdlion Arts Competition School Arts Packs 3.855 10 10. STAFF COSTS AND TRUSTEES, REMUNF.RATION There were no employees of the charity during the year. Trustees r¢¢¢ived no remuneration and were not reimbursed for any of their expenses in the year. UNRESTRICTED FUNDS 2025 2024 Balance brought forward 6,074,532 5,768,187 Net movement in funds for the year Balance ¢arried (OTward -iO- TRUSTEES OF THE COOPER ART GALLKRV NOTES TO THE ACCOUNTS {continued> YEAR ENDED 30 JUiYE 202S 12. RELATED PARTIES There were no related paty transactions during the year.