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Company registration number: 06461027
Charity registration number: 1123971
New Cut Arts
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 31 March 2026
New Cut Arts
Contents
Contents

| Page
--- | ---
Trustees' Report | 1—5
Independent Examiner's Report | 6
Statement of Financial Activities (including Income and Expenditure Account) | 7
Comparative Statement of Financial Activities (including Income and Expenditure Account) | 8
Balance Sheet | 9—10
Notes to the Financial Statements | 11—19

Page 1
New Cut Arts
Company No. 06461027
Trustees' Report For The Year Ended 31 March 2026
Trustees' Report
The trustees present their report and the financial statements for the year ended 31 March 2026.
Objectives and Activities
Aims and Objectives
The object of the charity is to advance education in the arts in Suffolk and Norfolk particularly, but not exclusively, by:
- Establishing an Arts Centre;
- Providing training courses and workshops in all aspects of the performing and fine arts and media studies leading to educational qualifications;
- Providing community arts programmes to meet the needs of the whole community;
- Developing and encouraging youth programmes to meet the needs of the whole community;
- Developing and encouraging youth programmes in all areas of arts, dance and media.
Strategies for achieving objectives
New Cut Arts is a charity and non-profit organisation. Its aim is to stand as a beacon of creativity and empowerment, harnessing the transformative power of art to connect individuals and communities across local, regional, and global landscapes. Its unwavering commitment to self-determination places individuals at the helm of decision-making, fostering a sense of ownership and agency in their artistic and creative journeys. New Cut Arts ignites a spark of inspiration, nurturing young artists and fostering creativity within the local community. This empowerment enables individuals to pursue their artistic passions, engage in creativity, and enrich the cultural landscape. Through its comprehensive range of youth programmes in arts, dance and media, The Cut engages young people, fostering a thriving artistic community. Committed to expanding its community’s artistic horizons, The Cut also actively seeks to attract wider audiences, bridging the gap between local, regional, national, and international artistic expressions. Welcoming travelling groups and fostering international exchange programmes, New Cut Arts cultivates creativity, cross-cultural understanding and collaboration, weaving a tapestry of global connections that transcend boundaries and unite individuals through the transformative power of art.
Public Benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and Performance
Page 1
Page 2
New Cut Arts
Trustees' Report (continued)
For The Year Ended 31 March 2026
Main Achievements
Although the financial environment continues to be challenging, The Cut continues to thrive as a vital independant multidisciplinary community arts hub- home to many organisations, groups and artists. Increased footfall is reflected in growth across all income streams. Our ongoing refurbishment programme continues through successful fundraising including the replacement of the Dance Studio skylight and installation of air conditioning, securing and improving this valuable community asset. Arts activities for all ages continue to engage and new additions to the performing arts programme have raised the bar.
Financial Review
Financial Position
The income and expenditure of the charity is set out in the accounts on pages 7 to 22.
Reserves Policy
Unrestricted funds serve as a cornerstone of New Cut Art's financial management, providing flexibility, decisionmaking autonomy, and adaptability to support its mission and objectives. By effectively managing unrestricted funds, we can safeguard financial stability, foster strategic agility, and achieve continued success in fulfilling our mission.
This Operating Reserve Policy is designed to enable New Cut Arts to build and maintain an adequate level of unrestricted cash reserves to support the organisation's day-to-day operations in the event of unforeseen shortfalls. Operating reserves are not intended to replace a permanent loss of funds or eliminate an ongoing budget deficit. These funds represent financial resources that can be utilised for any purpose aligned with our mission and objectives. They are not restricted to specific projects or programs and can be employed to cover operating expenses, make strategic investments, or pursue innovative initiatives.
Definition and Goals
New Cut Arts adheres to a strict segregation policy, managing unrestricted funds separately from designated and restricted funds, which are for specific projects or purposes as specified by the Trustees, donor or funding sources. This clear distinction ensures financial transparency, ethical stewardship, and adherence to the intent of all funders and contract providers. Unrestricted funds are utilised for general operations, while restricted funds are earmarked for specific projects or purposes in accordance with the defined guidelines.
We identify our unrestricted funds, New Cur Art's reserves, as 'Core Costs' and 'Contingency:
1 . Core Costs: With the goal of safeguarding the organisation's long-term sustainability and ability to deliver uninterrupted services, the operating reserve ('Core Costs') is set at a minimum of six months of recurring operating costs, calculated based on the maximum six-months expenditure. This six-month policy ensures The Cut can maintain its operations, providing continuous support and the centre's activities for an extended timeframe
2. Contingency: To enhance our financial preparedness, we aim to gradually increase our contingency funds ('Contingency ) to a minimum of 3 months over the next five years. These contingency funds will serve as a safeguard against unforeseen liabilities and expenditures.
These reserves (both 'Core Costs' and 'Contingency ) will be reported to the Board of Trustees and included in the regular financial reports to ensure that we are working towards achieving our objectives.
Reserve levels
...CONTINUED
Page 2
Page 3
New Cut Arts
Trustees' Report (continued)
For The Year Ended 31 March 2026
Reserves Policy - continued
Unrestricted funds at 31 March 2026 were £648,362 (2025: £654,492) and restricted funds were £70,511 (2025: £81,501), meaning total funds were £718,873 (2025: 735,993).
Review of reserve policy
This policy will undergo annual review by the Board of Trustees, or sooner if deemed necessary due to internal or external events or changes. Recommendations for policy amendments will be presented to the Board of Trustees by the Centre Manger. Upon approval, each revision will be documented in writing and redistributed as required. The policys purpose remains steadfast: to safeguard the financial health and integrity of the organisation in pursuit of its mission as outlined in the policys Purpose section.
Going Concern
The Trustees have considered the Charity's position at the time of signing the financial statements, and in particular, they have considered the Charitys cash reserves and loan repayments due in the short to medium term.
Based on this, the Trustees have concluded that they have a reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements.
Structure, Governance and Management
Governing Document
New Cut Arts is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 11 April 2008.
Trustee Selection Methods
New Cut Arts has adopted the following policy covering the recruitment of new trustees:
Trustees must have an interest in the aims and objectives of New Cut Arts and be committed to the safe governance of the charity.
Trustees must not have any conviction for fraud or financial mal-practice.
Trustees must not stand to gain financially from their position as trustee except in special circumstances approved by the trustees and authorised by the Charity Commission.
Trustees must be able to attend at least 80% of all scheduled meetings.
Trustees must be selected on the basis of knowledge and experience which is appropriate to the charity's aims and organisation - in particular we seek to include people with financial, legal, marketing, HR and health & safety competencies.
The Board of Trustees should be representative of the local community in terms of age, gender and ethnicity - we actively support the notion of diversity.
Page 3
Page 4
New Cut Arts
Trustees' Report (continued)
For The Year Ended 31 March 2026
Risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Reference and Administrative Details
Trustees
Ms N F Jaffa
Mr D A Parkin
Mr A Casement
S J Bailey
Ms A M Dudeney
Ms B K Holloway
Ms G Maughan
Ms E Rodwell
Company Secretary
Mrs A Casement
Charity Number
1123971
Company Number
06461027
Principal Address
The Cut, New Cut
Halesworth
Suffolk
IP19 8BY
Independent Examiner
P N van Dijk FMAAT
Van Dijk Accountants
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
Page 4
Page 5
New Cut Arts
Trustees' Report (continued)
For The Year Ended 31 March 2026
Statement of Trustees' Responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
• select suitable accounting policies and then apply them consistently;
• observe the methods and principles of the Charities SORP (FRS 102);
• make judgments and accounting estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr A Casement Trustee
10/08/2026

Page 5
Page 6
New Cut Arts
Independent Examiner's Report to the Trustees of New Cut Arts
For The Year Ended 31 March 2026
Independent Examiner's Report to the Trustees of New Cut Arts
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Accounting Technicians, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
P N van Dijk FMAAT
10/08/2026
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
Page 6
Page 7
New Cut Arts
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 March 2026
Statement of Financial Activities (including Income and Expenditure Account)

|  |  | 2026 | 2025
--- | --- | --- | --- | ---
| Unrestricted funds | Restricted funds | Total funds | Total funds
| Notes | £ | £ | £ | £
INCOME AND ENDOWMENTS FROM:
Donations and legacies | 3 | 13,551 | 43,600 | 57,151 | 40,885
Charitable activities: |
Charitable activities |  | 146,732 | - | 146,732 | 121,735
Other trading activities | 4 | 131,980 | - | 131,980 | 117,218
Investments | 5 | 469 | - | 469 | 777
|  | 292,732 | 43,600 | 336,332 | 280,615
EXPENDITURE ON:
Raising funds | 7 | (46,005 ) | (13,429 ) | (59,434 ) | (64,271 )
Charitable activities: | 7
Charitable activities |  | (263,940 ) | (30,078 ) | (294,018 ) | (266,279 )
|  | (309,945 ) | (43,507 ) | (353,452 ) | (330,550 )
NET EXPENDITURE |  | (17,213 ) | 93 | (17,120 ) | (49,935 )
Transfers between funds | 19 | 11,083 | (11,083 ) | - | -
NET MOVEMENT IN FUNDS |  | (6,130 ) | (10,990 ) | (17,120 ) | (49,935 )
RECONCILIATION OF FUNDS:
Total funds brought forward |  | 654,492 | 81,501 | 735,993 | 785,928
TOTAL FUNDS CARRIED FORWARD | 19 | 648,362 | 70,511 | 718,873 | 735,993

The notes on pages 11 to 19 form part of these financial statements.
Page 7
Page 8
New Cut Arts
Comparative Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 March 2026
Comparative Statement of Financial Activities (including Income and Expenditure Account)

|  |  | 2025
--- | --- | --- | ---
| Unrestricted funds | Restricted funds | Total funds
| Notes | £ | £ | £
INCOME AND ENDOWMENTS FROM:
Donations and legacies | 3 | 11,966 | 28,919 | 40,885
Charitable activities: |
Charitable activities |  | 121,735 | - | 121,735
Other trading activities | 4 | 117,218 | - | 117,218
Investments | 5 | 777 | - | 777
|  | 251,696 | 28,919 | 280,615
EXPENDITURE ON:
Raising funds | 7 | (54,469 ) | (9,802 ) | (64,271 )
Charitable activities: | 7
Charitable activities |  | (247,493 ) | (18,786 ) | (266,279 )
|  | (301,962 ) | (28,588 ) | (330,550 )
NET EXPENDITURE |  | (50,266 ) | 331 | (49,935 )
Transfers between funds | 19 | 9,029 | (9,029 ) | -
NET MOVEMENT IN FUNDS |  | (41,237 ) | (8,698 ) | (49,935 )
RECONCILIATION OF FUNDS:
Total funds brought forward |  | 695,729 | 90,199 | 785,928
TOTAL FUNDS CARRIED FORWARD | 19 | 654,492 | 81,501 | 735,993

The notes on pages 11 to 19 form part of these financial statements.
Page 8
Page 9
New Cut Arts
Balance Sheet
As At 31 March 2026
Balance Sheet

|  |  | 2026 | 2025
--- | --- | --- | --- | ---
| Unrestricted funds | Restricted funds | Total funds | Total funds
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 12 | 683,121 | 52,911 | 736,032 | 765,220
|  | 683,121 | 52,911 | 736,032 | 765,220
CURRENT ASSETS
Stocks | 13 | 3,000 | - | 3,000 | 3,000
Debtors | 14 | 5,164 | - | 5,164 | 6,575
Cash at bank and in hand |  | 31,996 | 17,600 | 49,596 | 43,589
|  | 40,160 | 17,600 | 57,760 | 53,164
Creditors: Amounts Falling Due Within One Year | 15 | (35,481 ) | - | (35,481 ) | (37,117 )
NET CURRENT ASSETS (LIABILITIES) |  | 4,679 | 17,600 | 22,279 | 16,047
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 687,800 | 70,511 | 758,311 | 781,267
Creditors: Amounts Falling Due After More Than One Year | 16 | (39,438 ) | - | (39,438 ) | (45,274 )
NET ASSETS |  | 648,362 | 70,511 | 718,873 | 735,993
FUNDS OF THE CHARITY
Restricted Funds |  |  |  | 70,511 | 81,501
Unrestricted Funds |  |  |  | 648,362 | 654,492
TOTAL FUNDS | 19 |  |  | 718,873 | 735,993

Page 9
Page 10
New Cut Arts
Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 2026 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Mr A Casement Trustee
10/08/2026

The notes on pages 11 to 19 form part of these financial statements.
Page 10
Page 11
New Cut Arts
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
New Cut Arts is a company limited by guarantee, incorporated in England & Wales, registered number 06461027 and registered charity number 1123971 . The registered office is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3. Resources Expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs including all accountancy and legal fees incurred.
Page 11
Page 12
New Cut Arts
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 2% on cost
Improvements | 2% on cost
Plant & Machinery | 15% on reducing balance
Fixtures & Fittings | 15% on reducing balance
Computer Equipment | 33% on cost

2.5. Investments
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies

|  |  | 2026
--- | --- | --- | ---
| Unrestricted | Restricted | Total
| funds | funds | funds
| £ | £ | £
Donations and gifts | 7,052 | - | 7,052
Grants | - | 43,600 | 43,600
Other | 6,499 | - | 6,499
| 13,551 | 43,600 | 57,151

Page 12
Page 13
New Cut Arts
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026

|  |  | 2025
--- | --- | --- | ---
| Unrestricted | Restricted | Total
| funds | funds | funds
| £ | £ | £
Donations and gifts | 5,453 | - | 5,453
Grants | - | 28,919 | 28,919
Other | 6,513 | - | 6,513
| 11,966 | 28,919 | 40,885

4. Income from Other Trading Activities

| 2026 | 2025
--- | --- | ---
| Unrestricted funds | Unrestricted funds
| £ | £
Fundraising events | 7,113 | 8,663
Cafe and bar income | 80,970 | 76,115
Room hire | 38,769 | 32,440
Electricity recharged | 5,128 | -
| 131,980 | 117,218

5. Investment Income

| 2026 | 2025
--- | --- | ---
| Unrestricted | Unrestricted
| funds | funds
| £ | £
Bank interest receivable | 469 | 777

6. Net Income/(Expenditure)
The net expenditure is stated after charging/(crediting):

| 2026 | 2025
--- | --- | ---
| £ | £
Depreciation of tangible fixed assets - owned | 31,728 | 33,294

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Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
7. Analysis of Expenditure

|  |  | 2026
--- | --- | --- | ---
| Activities undertaken directly | Support costs (see note 8 ) | Total
| £ | £ | £
Raising funds | - | 59,434 | 59,434
Charitable activities | 64,155 | 229,863 | 294,018
| 64,155 | 289,297 | 353,452

|  |  | 2025
--- | --- | --- | ---
| Activities undertaken directly | Support costs (see note 8 ) | Total
| £ | £ | £
Raising funds | - | 64,271 | 64,271
Charitable activities | 43,183 | 223,096 | 266,279
| 43,183 | 287,367 | 330,550

8. Support Costs

|  |  | 2026
--- | --- | --- | ---
| Raising funds | Charitable activities | Total
| £ | £ | £
Employee costs | - | 98,156 | 98,156
Premises expenses | 6,008 | 33,035 | 39,043
General administration | 43,997 | 73,205 | 117,202
Depreciation | 9,429 | 22,299 | 31,728
Interest payable | - | 3,168 | 3,168
| 59,434 | 229,863 | 289,297

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Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026

|  |  | 2025
--- | --- | --- | ---
| Raising funds | Charitable activities | Total
| £ | £ | £
Employee costs | - | 95,312 | 95,312
Premises expenses | 9,882 | 24,271 | 34,153
General administration | 44,587 | 75,996 | 120,583
Depreciation | 9,802 | 23,492 | 33,294
Interest payable | - | 4,025 | 4,025
| 64,271 | 223,096 | 287,367

9. Independent Examiner's Remuneration

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Independent examination of the financial statements | 5,000 |  | 6,000

10. Staff Costs
Staff costs were as follows:

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 95,987 |  | 93,360
Other pension costs | 1,919 |  | 1,712
| 97,906 |  | 95,072

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
11. Average Number of Employees
Average number of employees during the year was: 6 (2025: 5)
6 5
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Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
12. Tangible Assets

| Land & Property
--- | ---
| Freehold | Improvements | Plant & Machinery | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 April 2025 | 182,724 | 769,946 | 86,063 | 244,834
Additions | - | - | - | 500
As at 31 March 2026 | 182,724 | 769,946 | 86,063 | 245,334
Depreciation
As at 1 April 2025 | 36,803 | 233,802 | 64,135 | 184,191
Provided during the period | 3,654 | 15,399 | 3,289 | 9,134
As at 31 March 2026 | 40,457 | 249,201 | 67,424 | 193,325
Net Book Value
As at 31 March 2026 | 142,267 | 520,745 | 18,639 | 52,009
As at 1 April 2025 | 145,921 | 536,144 | 21,928 | 60,643

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 April 2025 | 7,930 | 1,291,497
Additions | 2,040 | 2,540
As at 31 March 2026 | 9,970 | 1,294,037
Depreciation
As at 1 April 2025 | 7,346 | 526,277
Provided during the period | 252 | 31,728
As at 31 March 2026 | 7,598 | 558,005
Net Book Value
As at 31 March 2026 | 2,372 | 736,032
As at 1 April 2025 | 584 | 765,220

13. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 3,000 |  | 3,000

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Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
14. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,979 |  | 3,381
Other debtors | 2,185 |  | 3,194
| 5,164 |  | 6,575

15. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 9,199 |  | 9,199
Other loans | 1,000 |  | 1,000
Other creditors | 983 |  | 1,171
Taxation and social security | 9,773 |  | 7,738
Accruals and deferred income | 14,526 |  | 18,009
| 35,481 |  | 37,117

16. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 39,438 |  | 45,274

17. Loans
An analysis of the maturity of loans is given below:

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 9,199 |  | 9,199
Other loans | 1,000 |  | 1,000
| 10,199 |  | 10,199

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Bank loans | 39,438 |  | 45,274

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Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
18. Pension Commitments
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,919 (2025: £1,712).
At the balance sheet date contributions of £678 (2025: £191) were due to the fund and are included in creditors.
19. Movement in Funds

| As at 1 April 2025 | Income | Expenditure | Transfers | As at 31 March 2026
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Unrestricted funds
General:
General unrestricted fund | 654,492 | 292,732 | (309,945 ) | 11,083 | 648,362
Restricted funds
Restricted | 81,501 | 43,600 | (43,507 ) | (11,083 ) | 70,511
Total funds | 735,993 | 336,332 | (353,452 ) | - | 718,873

| As at 1 April 2024 | Income | Expenditure | Transfers | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Unrestricted funds
General:
General unrestricted fund | 695,729 | 251,696 | (301,962 ) | 9,029 | 654,492
Restricted funds
Restricted | 90,199 | 28,919 | (28,588 ) | (9,029 ) | 81,501
Total funds | 785,928 | 280,615 | (330,550 ) | - | 735,993

20. Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

| 2026 | 2025
--- | --- | ---
| £ | £

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Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
21. Related Party Disclosures
There have been no related party transaction in the reporting period that require disclosure.
22. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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