Friends of
Putney
Sehool
ofArt&
Design
Unaudited Financial Statements
For the Year Ended 8th September 2024
Charity Number 1131144

Friends of
PSAD
Back
round
The Friends of Putney School of Art & Design IPSADI is a registered charity founded in 2009 to carry out
educational activity in the field of the arts including organising lectures and masterclasses. The charity also
undertakes exhibitions to enable local amateur 3rt15ts to display their work to the general public. Fund
raising activities are undertaken to enable PSAD to improve facilities, purchase equipment and develop its
library.
Trustee Name
Clare Frankl-Bertram
Damaris Albarran
Vicki Garthwaite
Nicole Hollingworth
Dr Carolyn Mcmillan
Sniez Torbarina
Role
Chair
Treasurer
Date of a
2015
2023
ointment
2021
2016
2022
Secretary
Media
Trustees, Re
th
ort on the Financial Year to 8 Se
tember 2024
The accounts for the year ending 2024 reflect a year in which the Friends of Putney School of Art and Design
IPSADI carried out a familiar range of activities.. lecture5, workshop5, the Christmas Fair held in the School, and
Putney Art, held in the Exchange Shopping Centre.
Income from our activities was invested in purchasing new equipment for the school and in merchandise
promoting PSAD. The focus this year has been on helping to ensure the success of the new premises in Disraeli
Road and developing new opportunities in the main school. In addition the Friends continue supporting the
student bursary Scheme to widen access to the School.
A comprehensive breakdown of income and expenditure for the year is given in these accounts. Overall
2023124 shows a return to a steady state after the slow period of recoveryfrom the COVID years.
The Christmas Fair had a very successful year. Commission on art sales from Putney Art did not achieve the
spectacular level of the previous year but it remains a very successful event. Lectures and Workshops show a
small return in the accounts, in line with our aim only to break even on these events. This is a fine balancing
3ct dependent on tutor fees and other expenses. The uptake on the workshops has been good, reflecting the
quality of tutors we have been able to attract. Pottery workshops are particularly popular. Lectures continue
to be successful and popular with good levels of attendance. Merchandising is settling into a steady earner
which should show growing returns in the future.
Core expenses Iprinting, postage and stationery) continue to reduce with the successful development of social
media, our website and email.
The balance on reseNes at the yearend was £28,030. Duringthe year we invested £3,518 from our net income
in items for the school. We have since spent £14,691 on further items and given substantial undertakings for
expenditure in the coming year, all of which will be drawn from our current funds. Details of items acquired
and in the pipeline will be reported at the AGM. The bursary scheme is an ongoing commitment to help
students on income sUPPOrt.
Friends of Putney School of Art & Design
Unaudited Financial Statements
For the Year Ended 8th September 2024

Friends ol
PSAD
STATEMENT OF FINANCIALAcfiviTIES FOR THE YEAR ENDING 8° SEPTEMBER 2024 IUNAUDITEDI
08.09.24
Total
Funds
08.09.23
Total
Fund5
Unrestricted Restricted
Funds
Funds
11 Incomlng Resour￿5
Donations
MeTnbership
Christmas Fair
Putney Art Fair
Workshops
Other events
Merchandise
GiftAid
Totsl re￿Ipts
38
5,626
11,187
7,668
2,888
2,538
368
741
31,054
38
5,626
11,187
7,668
2,888
2,538
368
741
31,054
334
6,092
9,238
11,499
2,675
79
338
674
30,929
(note 11
Inote 21
2) Resour￿$ Expended
Christmas Fair
Putney Art Fair
Workshops
Other events
Merchandise
Lectures
Printing & stationery
Website & comms (note 31
Donations
Inote 41
Financial costs
Trustee expenses (note 51
Totsl charitsble expenditure
3,434
6,116
1,689
I,ioo
1,395
571
604
1,620
4,268
553
145
21,495
3,434
6,116
1,689
I,ioo
1,395
571
604
1,620
4,268
553
145
21,495
4,301
6,727
1,678
(note 11
(note 21
1.056
541
630
1.401
9,603
817
26.754
3) Net Re￿Ipts
Interest Income
9,559
339
9,559
339
4,175
77
Totsl Net Re￿Ipts
9,898
9,898
4,252
Friends of Putney School of Art & Design
Unaudited Financial Statements
For the Year Ended 8th September 2024

Friends of
PSAD
STATEMENT OF ASSETS AND LIABILITIES AS AT 8" SEPTEMBER 2024 IUNAUDITEDI
08.09.24 08.09.23
Totsl
Total
Funds
Funds
Unrestrltted Restrictéd
Funds
Funds
11 Current Assets
Cash at Bank
Stock
26,447
1,583
26,447
1,583
16,549
1,144
Totsl Assets
28,030
28,030
17.693
21 Represented by:
Opening Cash Balance
Total Net Receipts
Closing Cash Balance
Stock
16,549
9,898
26,447
16,549
9,898
26,447
12,297
4,252
16,549
1,583
28,030
1,583
28,030
1,144
17,693
Totsl Reserves
Clare Frankl-Bertram, Chair
Oamaris Albarran, Honorary Treasurer
Bankers..
HSBC
Friends of Putney School ofArt & Design
Unaudited Financial Statements
For the Year Ended 8th September 2024

Friends of
PSAD
STATEMENT OF ASSETS AND LIABILITIES AS AT 8" SEPTEMBER 2024 IUNAUDITEDI
08.09.24 08.09.23
Total
Total
Funds
Funds
Unrestricted Restricted
Funds
Funds
l) Current Assets
Cash at Bank
Stock
26,447
1,583
26,447
1,583
16,549
1,144
Total Assets
28,030
28,030
17.693
2) Represented by:
Opening Casri 8tilance
Tota l Net Receipts
Closing Cash Balance
Stock
16,549
9,898
26,447
16,549
9,898
26,447
12,297
4,252
16,549
1,583
28,030
1,583
28,030
1,144
17,693
Totsl Reserves
Clare Frankl-Bertram, Chair
Damaris Albarran, Honorary Treasurer
Bankers:
HSBC
Friends of Putney School of Art & Design
Unaudited Financial Statements
For the Year Ended 8th se.pte￿,￿er 2024

Friends ot
PSAD
Notes to the Accounts for the
ear ended 8 Se
tember 2024
Accountin
Policies
The accounts have been prepared in accordance with applicable accounting standards, the Statement of
Recommended Practice, 'Accounting and Reporting by Charities,. issued in March 2005 and the Charities Act
1993.
al Basis of Accounting
The accounts have been prepared under the historical cost convention and on a cash accounting basis.
bl Subscriptions and Donations
Subscriptions and donations are taken to income when received.
Creditors
There were no creditors as at 8 September 2024
Emoluments
No trustee or member of the Executive Committee received emoluments in 2023124.
Reserves
We have adopted a reserves policy in accordance with the Charity Commission's recommendations,
currently at a level of c. £5,000.
Taxe5
As a charity registered with both the Charity Commission and HMRC we are not subject to income tax.
Unrestricted and Restricted Funds
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
There were no restricted funds at the end of the financial year to 8, September 2024.
Notes
11 Other events.. The other event held during the year was the sale of works by the artist Gwen 5pence.
21 Merchandise.. Some merchandise sales are included in the income figures for the Christmas Fair1£3641
and Putney Art1£1151, for total sales of £847 for the year.
31 Website & communication5'. This was primarily the new website l£1,0321.
41 t)onations.' Donation5 were principally to PSAD1£3,5181, mainly for a pugmill for the pottery studio
costing £2.795. The other donation was a prize of £750 for the winner of a competition to design a
sculpture for the fountain in Coronation Gardens. Fyrther donations to PSAD amounting to c.£14,691
were made in October 2024, to pay for A2 presses and equipment forthe Sculpture Studio.
51 Trustee expenses.. In the financial year to 8th September 2023 some of the charitys general expenses
were misclassified as trustee expenses.
Friends of Putney School of Art & Design
Unaudited Financial Statements
For the Year Ended 8th September 2024

INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF
FRIENDS OF PUTNEY SCHOOL OF ART AND DESIGN
I report on the aLYounts of the charity for the year ended 8th September 2024. which aR set out on
pages 3.5.
Respective responsibilities of Trustees and Examinpx
consider that an audit is not required for this year under sectton 144 of the Clurities Act 2011 (*he
It is my responsibility to:
• Examine the accounts under section 145 of the Charities Act
under section 145 (5) (b) of the Ch8rities Act; and
Commissiorn An examil￿tion includes a review of the accounting reLxJrds kept by the charity and a
comparison of the accounts presentsd with those records. It also includes consideration of any
unusual items or disclosuR8 in the account& and seeks explanations from yow as truste
concerning any such matters. The procedures undertaken do not provide all the evidence that would
be required of an audit and consequently no opinion is given as to whether the accounts present a
• to keep accounting re￿rdS in accordance with ￿￿tion 130 of the Charities Ad; and
to prepare accounts which accord with the accounting records and comply with the accounting
2) to wbicty in my Opinio￿ attention sI￿Uld be drawn in onler to enable a proper unde￿ill8 of
kj_
iknbF&rd We&veF FCA
Friends of Putney School of Art & Design
Unaudited Financial Statements
For the Year Ended 8th September 2024