FRIENDS OF PUTNEY SCHOOL OF ARY AND DESIGN
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 8th SEPTEMBER 2022
The accounts for the year ending September 2022 reflect a year when the Frlends were able to
resume most of thelr usual range of activities. Income from artivities went up to £25,039. compared
with £7,046 in the prevlous year and an increase of 25% on our income in the year to September
2019 (the last year before Covid limited activities).
The usual in person membershlp drfve took place at the beglnning of the year. Members are now
able to pay their subscriptions on-line through the website, directly into the bank as well as by card
or cash in person. Membership intome this year was over £5,1)XJ, almost doLtble what was earned
last year. The Christrnas fair made a surplus of £3,000 and the Summer exhibition at Putnev
Exchange raised over £90CW) in Art Sales and made a surplus of over £2,500. Merchandise continues
to sell steadily. There was only one set of workshops during the year which made a modest surplu
The Frlends continue to ralse donatlons through Easyfundraisin& Amazon Smile and JustGiving las
well as dlrertlyl and have just registered with the Charity Ald Foundation. The Gift Aid of £l,CQO Is on
two years of membership fees as the amount for 202012021 dld not come through in time for last
year's accounts.
The Friends. strategy has been to bulld up funds over the kst few years, But with the re-opening
after Covid and, more recently, the opening of the new campus, the Friends have translerred over
£21,COJ to the Sehool this year. This has paid for bursarles worth £1,700 in totsl, a defibrillator.
lighting on the back stairs, new shelving for the prlnt room. halt the new Macs In the IT sulte, and
shelving, lockers and other equipment for the new campus. Further payments have been made for
equlpment for the new campus but they did not come through in this accounting year.
In addition to supporting the School. our alm is to enhance the experience of the students. Two
lectures were or8anised this year. The newsletter Is now available on-line and on the Friendg
website which has reduced costs for printing and postage. The Friends organise the end of year party
and organlse the prizes. We have Invested in two new Izettle machSnes for taking on-line payments.
These do not need to be ¢onnerted to a phone to work which makes them easier and more flexible
to use than our other IZEttle machines. They were particularly helpful during the Summer exhibition
when m05t payments were made by card.
A comprehensive breakdown of income and expenditure for the year is 8iven in notes 2 and 3 to the
account.
Reserves at the year end were £13,441 compared with £22,034 at year end 2021 and a further
£3,500 of support for the new campus is already committed. The purpose of the Charity is to support
the Sehool and we have been fulfilling this purpose through our expenditure this year. However.
further fundraising 15 essential rf we are to continue to offer support for large purchases.
RESERVES POLICY
We have adopted a reserves policy in èecordance with the Charity Commission's recommendations,
currently at a I vel of c £5,000.

FRIENDS OF PUTNEY SCHOOL OF ART AND DESIGN
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
FRIENDS OF PUTNEYSCHOOL OFART AND DESIGN
I report on the accounts of the charity for the year ended 8th September 2022, which are set out on
pages 3-7.
Respective responsibilities of Tru5tee5 and Examlner
The charit￿5 trustee5 are responsible for the preparation of the accounts. The charitVs trustees
consider that an audit 15 not required for this year under sectlon 4312lof the Charities Act 1993 and
that an independent examination is needed.
It is my responsibility to..
Examine the accounts under sertion 43 of the 1993 Act
To follow the procedures laid down in the General Directions given by the Charity Commission
under sertion 43171 Ibl of the 1993 Act,. and
To state whether particular matters have come to my attention.
Basis of independent Examinerfs report
My examination was carried out in accordance with the General Directlons Eiven by the Charity
Commission.
An examination includes a review of the accountinE records kept by the charSty and a comparison of
the accounts presented with those records. It also includes consideration of any unusual items or
distlosures in the accounts, and seeks explanations from you. as trustees. concerning any such
matters. The procedures undertaken do not provide all the evldence that would be required of an
audit and consequently no opinion is given as to whether the accounts present a 'true and fair vie
and the report is limited to those matters set out in the statement below.
Independent Examiners Statement
In connection with my examination. no matter has come to my attention:
11 which gives me reasonable cause to believe that in any material respect the requirements..
• to keep accounting records in accordance with section 41 of the 1993 Act; and
to prepare accounts which attord wtth the accounting records and comply with the accounting
requirements of the 1993 Act have not been met: or
21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the a£counts to be reached.
Richard Chadwick FCA
Date

FRIENDS OF PUTNEY SCHOOL OF ART AND DESIGN
SUMMARY OF INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 81H SEPTEMBER 2022
Perlod ended
8.9.2022
Perlcd ended
8.9.2021
Notes
OPEIIATING INCOME
25,039
7,046
Less expenses
Operating
IDeficitl/SLErplus
Investment Income
33.636
18,5971
12,584
15,5381
8,5931
5,5361
Taxation
Net deflcwsurplus on
ordinary activities
after taxation
Retalned surplus
brou
ht fOn￿ard
Retalned surplus
carrled forward
185931
15,5361
22,034
27,570
13,441
22,034

FRIENDS OF PUTNEY SCHOOL OF ART AND DESIGN
BALANCE SHEET AS AT 8Th SEPTEMBER 2022
Notes
As at 8.9.2022
As at 8.9.2021
FIXED ASSETS
Tangible assets
CURRENT ASSET5
Inventory
Debtors
Cash In Bank
746
950
12.693
21,082
TOTAL ASSErs
13.439
22,034
CREDITORS
Amounts falling due withln one
year
NET ASSETS
ACCUMULATED FUNDS
13,441
22,034
Unrestrlcted fvnd5
22,034
27,570
Net Incomelllossl for perlod
18,5931
15,5361
13,441
22,034

FRIEND5 OF PUTNEY SCHOOLQF ART AND DESIGN
NOTES TO THE ACCOUWS FOR YEAR ENDED 8Th SEPTEMBER 2022
I,ACCOUNllNG POLICIES
Basls of preparation
The account5 have been prepared underthe historical cost conventlon.
The accounts have been prepared In accordance wlth appllcable accountin8 St8ndard5, the
Statement of Recommended Practl¢e, 'Accounting and Reportin8 by Charltles,. issued in March 21J05
and the Charltles Act 1993.
IncomlNd resources
Grants. donations and other income recelved are re¢o8ni5ed in the Statement of Flnancial Actlvltles
In accordance with the terms attached to the grant or donatlon.
Resource5 expended
Expendlture has been accounted for on an accruals basis and has been cla55lfled under headlng5 that
a88regate costs related to that category. Where costs cannot be (ilrectty attributable to partlcular
headin8S they have been allocated to actlvlties on a ba515 constant wlth use of the resources.
Investment Income
The charity recelves its investment Income 8ros5 £412021- £21 as a re5uk of Its charltable status.
Accumulated Funds
Unrestrlcted general funds are funds which can be used In accordance wlth the charitsble objectlves
at the discretion of the trustees.

FRIENDS OF PUTNEY SCHOOL OF ART AND DESIGN
NOTES TO THE ACCOUNTS FOR ThE YEAR ENDED 8th SEPTEMBER 2022
Year ended
8.9.2022
Yearended
8.9.2021
INCOMING RESOURCES
Membership fees
Donations
Workshop Income
Lecture
Christmas fair
Putney Art
Merchandise
Wlne Sales
Mlsc bookldvdl pot sales
Gift Aid
5,112
329
1,560
44
6,483
9.571
707
2.764
491
3,412
379
152
1,078
2S,038
7,046
TOTAL RESOURCES
EXPENDED
Art Sales Putney Art
Lecturerfees
Workshop expenses
Support costs-Printing and
Stationery
Support costs- Exhibltion
and Fundraisln8
Christmas Fair
PSAD Bursaries and
Equipment
Miscellaneous
Merchandlse
5,234
500
I,oio
78
300
128
1,661
3,070
21,031
1,522
820
9,757
57
33,636
11584
There were no employees
during the year and no
professional cost5

FRIENDS OF PUThEY SCHOOLOF ART AND DESIGN
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 8thsEPTEMBER 2021
Year ended
8.9.2022
Yearended
8.9.21
INVESTMENT INCOME
Bank Interest
TAXATION
No tax is due- charity
TRUSTEES, REMUNERATiON
Expenses
8,434
128
No remuneration directly or
indirectly out of the fund5 of the
Charlty was pald or payable durlng
the perlod to any trustees or to
any persons known to be
connected with any of them.
Otherthan set out above no
relmbursement of expenses has
been made or is due to be made to
any of the tn15tees In repose of the
period.
Number of Trustees
INVENTORY
Merchandise In stock at
ear end
746
950