IRIS Accounts Production v26.2.0.496 Other Company accounts True false Pounds 1.1.25 31.12.25 31.12.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true false true 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02053861 2024-12-31 02053861 2025-12-31 02053861 2025-01-01 2025-12-31 02053861 2023-12-31 02053861 2024-01-01 2024-12-31 02053861 2024-12-31 02053861 ns0:CharitableCompanyLimitedByGuarantee 2025-01-01 2025-12-31 02053861 ns15:PoundSterling 2025-01-01 2025-12-31 02053861 ns11:FRS102 2025-01-01 2025-12-31 02053861 ns0:IndependentExaminationCharity 2025-01-01 2025-12-31 02053861 ns11:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02053861 ns11:FullAccounts 2025-01-01 2025-12-31 02053861 ns0:CharitiesSORP 2025-01-01 2025-12-31 02053861 ns16:EnglandWales 2025-01-01 2025-12-31 02053861 ns11:RegisteredOffice 2025-01-01 2025-12-31 02053861 ns0:Trustee2 2025-01-01 2025-12-31 02053861 ns0:Trustee3 2025-01-01 2025-12-31 02053861 ns0:Trustee1 2025-01-01 2025-12-31 02053861 ns0:Activity9 2025-01-01 2025-12-31 02053861 ns0:Activity9 2024-01-01 2024-12-31 02053861 ns10:WithinOneYear 2025-12-31 02053861 ns10:WithinOneYear 2024-12-31 02053861 ns0:TotalUnrestrictedFunds 2025-12-31 02053861 2 2025-01-01 2025-12-31 02053861 3 2025-01-01 2025-12-31 02053861 1 2025-01-01 2025-12-31 02053861 1 2024-01-01 2024-12-31

REGISTERED COMPANY NUMBER: 02053861 (England and Wales)

REGISTERED CHARITY NUMBER: 296479

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE PASTEL SOCIETY LIMITED

THE PASTEL SOCIETY LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| Page |

Report of the Trustees | 1 |  | to |  | 4

Independent Examiner's Report | 5 |

Statement of Financial Activities | 6 |

Balance Sheet | 7 |

Notes to the Financial Statements | 8 |  | to |  | 12

THE PASTEL SOCIETY LIMITED (REGISTERED NUMBER: 02053861)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principle activity of the company is to provide, maintain, improve and advance education, particularly by the encouragement of the arts and in particular the visual arts. Special attention being given to pastel painting, pencil drawings and associated arts.

Review of activities and achievements

Resources were directed into the advancement of the objects of the charity during the year.

Public benefit

The Trustees have taken due regard to guidance published by the Charity Commission on public benefit.

Volunteers

The charity regularly uses the services of two unpaid volunteers.

THE PASTEL SOCIETY LIMITED (REGISTERED NUMBER: 02053861)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Annual exhibition, workshops and sales of works

The 127th Annual Pastel Society Exhibition ran from 21 January 2026 to 7 February 2026. It was opened by Mark Cazalet from the Royal Drawing School. This was one of most successful exhibitions by any set of parameters in several years. We had a record number of entries - 1450 from which 10 of the members (mostly Council) selected 169 works. The members supplied 204 works to take the total to 373.

The idea, graphics and hang all gelled perfectly, the appearance of the exhibition receiving high praise from all quarters. The theme was 'Direct Touch'

Sales were increased again at £70,160 but this was lower than the FBA sales target of £78,000. 76 works were sold.

The continuous Studio space was again run in the North Gallery by Simon Hodges VPPS during the exhibition. This showed visitors the potential of the pastel medium and its flexibility and was of great educational value. Simon was continually in attendance to demonstrate the medium and encourage visitors to try it out. This was supplemented by Workshops from Roger Dellar PS, Dave Roberts PS, Louise Diggle Pastel Society, Richard Rees PPS, Felicity House Pastel Society, Fiona Carvell PS, and John Tookey PS.

A sealed bid section with works donated by members was repeated from previous years where visitors could bid secretly for a picture and the highest amount bid secured the painting. The total amount raised was around £7,000, 10% of which goes to the AGBI.

There was a single art evening in the West Studio with two models.

Regular Pastel Society Council Meetings were conducted by Zoom over the year and this has now become the norm for such meetings.

- Four new members were elected to the Society at the AGM - Alex Ayliffe, Katy Bailey, Stuart Jarvis and Rachel Arif.

Elections were supervised at the AGM held after the exhibition. These were conducted on the basis of the of existing members being more than 60% in favour of electing the candidate.

Unfortunately, this year, our annual pastel workshops at Heatherley's School of Art in Chelsea in September coincided with a tube strike so had to be cancelled.

Sponsorship

Caran d'Ache were our sole sponsor in terms of cash and we received £2,500 from them in sponsorship. We were able to convert this into several cash prizes to artists - the Caran d'Ache Prize for £1,000 for the best work in the show; the Pastel Society Prize for £1,000 for the best member prize; the President's Prize for £500 to a work by a young artist.

Due to careful management, the Society was in a stable financial position at year end with around £90,000 in reserves.

Investment performance

No investments are presently held.

FINANCIAL REVIEW

Financial position

The Trustees are satisfied with the results for the period ended 31 December 2025.

Funds available are sufficient to permit the Society to continue in operation in the medium term. The Trustees are satisfied that the Charity is able to meet its liabilities as they fall due.

Principal funding sources

The charities principle funding sources include Friends annual subscriptions, sponsorships, interest from funds held on deposit, the provision of workshops at Heatherleys, and an annual sealed bid auction of donated members' works at the Annual Exhibition events.

THE PASTEL SOCIETY LIMITED (REGISTERED NUMBER: 02053861)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2025

FINANCIAL REVIEW

Investment policy and objectives

The Trust deed authorises the Trustees to make and hold investments using general funds of the Charity, but no such investments are presently held. There is a Santander business savings account which is simply accruing interest.

Reserves policy

The policy of the Society is to maintain sufficient reserves which, in the opinion of the Trustees allows them to cover management and administration costs and provide the services to promote the objects of the Charity. The reserves at the year end were £89,789 which the Trustees consider is sufficient.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

When a Trustee vacancy arises the current Trustees recruit a replacement who they feel has the necessary knowledge and experience needed for the role.

Organisational structure

The organisation, business and finance of the society are in the hands of the Trustees, the Company and Society Secretary and the Treasurer.

All officers are elected at each Annual General Meeting of the Society. They may be re-elected.

The day to day management of the charity is undertaken by the Society President, Mr Richard Rees.

Related parties

There were no related party transactions for the year.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees have examined the operational risks which the Charity faces and are satisfied that the systems currently in place are sufficient to enable such risks to be minimised.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02053861 (England and Wales)

Registered Charity number

296479

Registered office

19 Durand Gardens

London

SW9 0PS

Trustees

Jeannette Corina Hayes Artist

Simon Bernard Hodges Artist

Richard Timothy Rees Artist

THE PASTEL SOCIETY LIMITED (REGISTERED NUMBER: 02053861)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

Bankers

Santander

Bridle Road

Bootle

Merseyside

L30 4GB

PUBLIC BENEFIT

The trustees confirm they have given due regard to the guidance published by the Charity Commission on public benefit.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 23 August 2026 and signed on its behalf by:

Richard Timothy Rees - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

THE PASTEL SOCIETY LIMITED

Independent examiner's report to the trustees of The Pastel Society Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's 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

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.

Mr Joseph Greenslade FCCA

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

23 August 2026

THE PASTEL SOCIETY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| fund |  | funds

| Notes | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 210 |  | 969 |

Other trading activities | 3 | 12,090 |  | 9,568 |

Investment income | 4 | 515 |  | 691 |

Total | 12,815 |  | 11,228 |

EXPENDITURE ON

Raising funds | 9,608 |  | 7,322 |

Charitable activities | 5

Donations | 700 |  | 800 |

Other | 5,960 |  | 5,739 |

Total | 16,268 |  | 13,861 |

NET INCOME/(EXPENDITURE) | (3,453 | ) | (2,633 | )

RECONCILIATION OF FUNDS

Total funds brought forward | 89,789 |  | 92,422 |

TOTAL FUNDS CARRIED FORWARD | 86,336 |  | 89,789 |

THE PASTEL SOCIETY LIMITED (REGISTERED NUMBER: 02053861)

BALANCE SHEET

31 DECEMBER 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| fund |  | funds

| Notes | £ | £ |

CURRENT ASSETS |

Debtors | 9 | 1,755 |  | 1,755 |

Cash at bank | 87,534 |  | 89,942 |

89,289 |  | 91,697 |

CREDITORS |

Amounts falling due within one year | 10 | (2,953 | ) | (1,908 | )

NET CURRENT ASSETS | 86,336 |  | 89,789 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 86,336 |  | 89,789 |

NET ASSETS | 86,336 |  | 89,789 |

FUNDS | 11

Unrestricted funds | 86,336 |  | 89,789 |

TOTAL FUNDS | 86,336 |  | 89,789 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 23 August 2026 and were signed on its behalf by:

Richard Timothy Rees - Trustee

THE PASTEL SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| The Pastel Society Limited is a charitable private company, limited by guarantee, registered in England and Wales. The company's registration number, charity registration number and registered office can be found in the Report of the Trustees.

2. | ACCOUNTING POLICIES

| BASIS OF PREPARING THE FINANCIAL STATEMENTS

| The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention.

| FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

| The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

| • | the requirements of Section 7 Statement of Cash Flows.

| INCOME

| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

| EXPENDITURE

| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

| DEBTORS

| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

| CREDITORS

| Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

| TAXATION

| The charity is exempt from corporation tax on its charitable activities.

| FUND ACCOUNTING

| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

THE PASTEL SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| GOING CONCERN

| No material uncertainties exist at the balance sheet date and the accounts have been prepared on a going concern basis.

3. | OTHER TRADING ACTIVITIES

| 2025 |  | 2024

£ | £ |

| Workshops | 1,810 |  | 1,775 |  |

| Auctions and art events | 7,780 |  | 7,293 |  |

| Sponsorships | 2,500 |  | 500 |  |

12,090 |  | 9,568 |  |

4. | INVESTMENT INCOME

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 515 |  | 691 |  |

5. | CHARITABLE ACTIVITIES COSTS

| Direct

| Costs

£ |

| Donations | 700 |  |

6. | SUPPORT COSTS

| Governance |

| Management |  | costs |  | Totals

£ | £ | £ |

| Other resources expended | 88 |  | 1,715 |  | 1,803 |  |

| Support costs, included in the above, are as follows: |

| GOVERNANCE COSTS |

| 2025 |  | 2024

| Other |

| resources |  | Total

| expended |  | activities

£ | £ |

| Indepen Exam & Accountancy | 1,715 |  | 1,908 |  |

THE PASTEL SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

| TRUSTEES' EXPENSES

| There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

8. | AVERAGE NUMBER OF EMPLOYEES

| There were 0 employees during this period.

9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Prepayments | 1,755 |  | 1,755 |  |

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Other creditors | 950 |  | - |  |

| Accruals and deferred income | 2,003 |  | 1,908 |  |

2,953 |  | 1,908 |  |

11. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1/1/25 |  | in funds |  | 31/12/25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 89,789 |  | (3,453 | ) | 86,336 |  |

| TOTAL FUNDS | 89,789 |  | (3,453 | ) | 86,336 |  |

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 12,815 |  | (16,268 | ) | (3,453 | ) |

| TOTAL FUNDS | 12,815 |  | (16,268 | ) | (3,453 | ) |

THE PASTEL SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | MOVEMENT IN FUNDS - continued

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1/1/24 |  | in funds |  | 31/12/24 |

£ | £ | £ |

| Unrestricted fund | 92,422 |  | (2,633 | ) | 89,789 |  |

| TOTAL FUNDS | 92,422 |  | (2,633 | ) | 89,789 |  |

| Comparative net movement in funds included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted fund | 11,228 |  | (13,861 | ) | (2,633 | ) |

| TOTAL FUNDS | 11,228 |  | (13,861 | ) | (2,633 | ) |

| A current year 12 months and prior year 12 months combined position is as follows:

| Net |  |

| movement |  | At |

| At 1/1/24 |  | in funds |  | 31/12/25 |

£ | £ | £ |

| Unrestricted fund | 92,422 |  | (6,086 | ) | 86,336 |  |

| TOTAL FUNDS | 92,422 |  | (6,086 | ) | 86,336 |  |

| Net movement in funds included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted fund | 24,043 |  | (30,129 | ) | (6,086 | ) |

| TOTAL FUNDS | 24,043 |  | (30,129 | ) | (6,086 | ) |

| Purposes of unrestricted funds

| To promote, maintain, improve and advance education, particularly by the encouragement of the arts and in particular the visual arts. Special attention being given to pastel painting, pencil drawings and associated arts.

THE PASTEL SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

12. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the year ended 31 December 2025.