Cultivate-EM

	Page
Company Information	1
Directors' Report	2—3
Income and Expenditure Account	4
Balance Sheet	5
Notes to the Financial Statements	6

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Cultivate-EM

Company No. 05843750

Directors' Report For The Year Ended 31 December 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2025.

Principal Activity

OBJECTS AND ACTIVITIES

The objectives of the charity are:

To promote the efficiency and effectiveness of charities working in the arts and cultural sector (as defined) and to promote the effective application of resources for charitable purposes by non-charitable bodies working in that sector for the public benefit, by improving the governance of such charities and bodies so as to enhance their long tern viability by:

(i) providing training and support in topics relevant to governance, including but not limited to, project development, audience development, partnerships and collaboration with third parties, the use of information and the development of business and organisational skills generally,

(ii) providing mentoring and facilitating network opportunities for those involved in the administration and management of those bodies and charities; and

(iii) promoting and carrying out research in subjects relevant to governance and viability including but not limited to good business practice and the dissemination of the useful results of such reseach.

Review of the Business

Since the dissolution of its subsidiary, Cultivate 2 Limited in 2022, Cultivate-EM has operated in a very limited capacity. Its only source of income has arisen through licensing its brand in connection with activities undertaken by Vanessa Rawlings-Jackson. These activities are all in connection with projects that promote the objects of the charity.

Future Developments

The Trustees continue to be cognisant that the charity is presently operating at such a modest level, and has such limited resources, that it is sensible for them to consider whether it is appropriate that the charity should continue, or whether it would be better to transfer its funds to another registered charity with similar objects. A decision on this matter was expected to be made during the period October 2024 to March 2025. However, as some significant future work prospects emereged in this period the decision was postponed and is now expected to be made in the next six months. In the period since the year end the Trusstees have resolved to pass over the residual charity funds to Horsecross Arts Limited (charity No SC022400} for the purpsoe of promoting philanthropy for the benefit of the public in connection with arts activities.

Directors

The directors who held office during the year were as follows:

Geoffrey Horley

Simon Ruding

Shona Powell

Tim Challans

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Cultivate-EM

Directors' Report (continued)

For The Year Ended 31 December 2025

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors 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 the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors 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 directors are responsible for the maintenance and integrity of the corporate and financial information included on the 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.

On behalf of the board

Geoffrey Horley

Director

25/09/2026

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Cultivate-EM

Income and Expenditure Account

For The Year Ended 31 December 2025

Income and Expenditure Account

		2025	2024
	Notes	£	£
Administrative expenses		(47 )	(57 )
Other operating income		55	128

OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR		8	71

The notes on page 6 form part of these financial statements.

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Cultivate-EM

Balance Sheet

As At 31 December 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	55		68
Cash at bank and in hand		865		844

		920		912
NET CURRENT ASSETS (LIABILITIES)			920		912

TOTAL ASSETS LESS CURRENT LIABILITIES			920		912

NET ASSETS			920		912

Income and Expenditure Account			920		912

MEMBERS' FUNDS			920		912

For the year ending 31 December 2025 the 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 directors 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

Geoffrey Horley

Director

25/09/2026

The notes on page 6 form part of these financial statements.

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Cultivate-EM

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Cultivate-EM is a private company, limited by guarantee, incorporated in England & Wales, registered number 05843750 . The registered office is 24 Whitecroft Avenue, Haslingden, Rossendale, Lancs, BB4 4BU. The comapny is regsitered as a charity in Engalnd and Wales (Registered Number 1118515.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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:

Computer Equipment

Over three to five years

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	(13 )	-
Other debtors	68	68

	55	68

5. 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.

6. Ultimate Controlling Party

The company is a registered charity and there is no ultimate controlling party. The charity is managed by its Trustees who are directors of the company.

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Directors	Geoffrey Horley
	Simon Ruding
	Shona Powell
	Tim Challans

Company Number	05843750

Registered Office	24 Whitecroft Avenue
	Haslingden
	Rossendale
	Lancs
	BB4 4BU

Accountants	Chittendens Limited
	Chartered Accountants
	435 Chester Road
	Old Trafford
	Manchester
	M16 9HA