Friends of utney School ofArt& Design Unaudited Financial Statements For the Year Ended 8th September 2025 Charity Number 1131144
Friend$ of PSAD Bac 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 artists to display their work to the general public, Fund raising activities are undert3ken 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 McMi113n Sniez Torbarin Role Chair Treasurer Date of a 2015 2023 ointment 2021 2016 2022 Secretary Medi Tru5tees' Re ort on the Financial Year to 8, Se tember 2025 The accounts for the year ended 8 September 2025 reflect a year in which the Friends of Putney School of Art and Design IPSAD) raised funds primarily through organizing the popular Christmas Fair in the Schc)ol and also Putney Art, held in the Exchange ShoppSng Centre. While the latter raise5 much less than the former, it enhances the profile of the School and gives students another opportunity to sell their work. We also provided two lectures, one on Romanticism and another on Sienese art to coincide with the exhibition at the National Gallery. and three workshops with potters Janette Fry and Miae Kim and with artist and printmaker Melanie During the year and flnlshing in the autumn, we organ12ed and funded an exciting new initiative- the Re'stiling Project - ,hICh involved students and staff creating ceramic tiles which were then mounted on boards and hung strategic places around both buildings. bringing colour and interest to what were previously blank walls. We are particularly grateful to Nicole Hollingworth for spearheading this wonderful initiative. A comprehensive breakdown of income and expenditure for the year is given In these accounts. Overall 2024125 shows that income from our usual activities declined slightly but this was more than compensated for by a very generous donation of over E13,000 from Leslie Laurans, an alumna who now lives in the USA. The balance on reseeS at the year-end was £37,563, of which £35,891 was cash on deposit. During the year we donated £15,596 to pay for various items in the School, including an A2 Press and improvement5 in the Sculpture Studio as well as contributions to two bursaries for students who are on income support. Since the financial year-end we have donated more than £21,000, includin8 the funds we received from Leslie, to set up a new ceramics studio for potters who wish to work independently, thus freeing up space in classes for those who do require tuition. The Studio will bear Leslie's name. We would like to thank all the volunteer5 and other helpers who contributed to making the year such a success. Friends of Putney School of Art & Design Unaudited Financial Statements For the Year Ended 8th September 2025
Frlends ol PSAD STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 8"SEPTEMBER 2025 IUNAUDITEDI 08.09.25 08.09.24 Totsl Totsl Funds Funds Unrestrlrted Restrkted Funds Funds 11 Incomlng Resources Donations Received Membership Christmas Fair Putney Art Fair Workshops Other events (note 11 Merchandise (note 21 Gift Aid & bank interest Totsl reCpts 54 4,746 10.881 8,182 2,319 300 461 1,163 28,106 13,759 13,813 4,746 10,881 8,182 2,319 300 461 1,163 41,865 38 5,626 11,187 7,668 2.888 2,538 368 741 31,054 13,759 2} Resources Expended Christmas Fair Putney Art Fair Workshops Other events Merchandise Lectures Printing & stationery Website & comms Inote 31 Donations to PSAD (note 41 Financial costs Trustee expenses (note 51 Totsl charitsble expendlture 3,447 6,879 1,667 1,776 530 687 3,447 6,879 1,667 1,776 530 687 3,434 6.116 1,689 I,ioo 1,395 571 604 1,620 4,268 553 145 21A95 Inote 11 Inote 21 2,037 15,596 236 2,037 15.596 236 32,855 32.855 3) Net Recelpts Interest Income 14,749) 434 13,759 9,010 434 9,559 339 Totsl Net Recelpts 14.3151 13,759 9,898 Friends of Putney School of Art & Design Unaudited Financi31 Statements For the Year Ended 8th September 2025
Frl•nds of PSAD STATEMENT OF ASSETS AND LIABILITIES AS AT 8" SEPTEMBER 2025 IUNAUDITEDI 08.(VJ.25 Totsl Fund5 08.09.24 Total Funds Unrestrfcted Restrlcted Fund5 Funds 11 Current Assets Cash at Bank Stock 22,132 1,672 13,759 35,891 1,672 26,447 1,583 Totsl Assets 23,804 13,759 37,563 28,030 2} Represented by: Openin8 Cash Balance Total Net Receipts Closing Cash Balance Stock Totsl Reser 26,447 4,3151 22.132 1,672 234 26,447 9,444 35,891 1,672 37,563 16,549 9,898 26,447 1,583 28,030 13,759 13,759 13.759 Clare Frankl-Bertram, Chair 201 Iw2W Damaris Albarran, Honorary Treasurer Bankers: HSBC Friends of Putney School of Art & Design Unaudited Financièl Statements For the Year Ended 8th September 2025
Friend$ of PSAD Notes tothe Accounts for the arended 85e ember 2025 Accountln Pollcles 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 2011. al Basls of Accountlng The accounts have been prepared under the historical cost convention and on a cash accounting basis. bl Subscriptions and Donations Subscriptions and donatlons are taken to income when received. Credltors There were no credltors as at 8 September 2025 Emoluments No trustee or member of the Executive Committee recelved emoluments in 2024125. Reserves We have adopted a reseNes policy in accordance with the Charity Commisslon's recommendations. currently at a level of c.£5,000, and believe this is more than sufflcient given our low overheads. Taxes As a charity registered with both the Charity Commission and HMRC we are not subject to income tax. Unrestrlrted and Restrirted Funds Unrestricted funds can be used in accordance with the charitable objective5 at the discretlon of the trustees. While initially Unrestricted, the donation monies from Ms. Laurans were designated as Restricted once it was agreed with her that they would be spent on equippin8 a new studio bearing her name. Therefore Restricted Funds amounting to £13,759 were held at the end of the financial year.. they have since been spent, along wlth £7,675 of Unrestricted Monie5, on equipping the new studio. Notes 11 Other events.. The other events held during the year were the Summer Paity, a sale of etchings and the Re'stiling Project, which was completed post balan sheet. 21 Merchandise.. £490 of merchandise sales are includÈd in the income figures for the Christmas Fair, making total sales of merchandise for the year £951. 31 Webslte & communlcatlon5'. This was primarily the addition of a membership plug-in to the new website costing £1,392. 41 Donatlons.. During the year we donated £15,596 to pay for various items in the School, including an A2 Press and improvements in the Sculpture Studio a5 well as contributions to two bursaries to help students on income support. Since the financial year-end we have spent more than £21,000. including the donation we received from Leslie Laurans, on the new studio for potters who wlsh to work independently. 51 Trustee expenses.. There were no trustee expenses. Friends of Putney School of Art & Design Unaudited Financial Statement5 For the Year Ended 8th September 2025
PSAD INDEPENDENfEXAMIW'S REPORTTO IHE TrUS7EES OF )}'." . FRIENDS OF pimiEY SCIIOOLOF ART AND DP3IQN on th¢ of thed•ity ft ¢h¢ yw¢tsded 8thStywmbe2fAS. "' . , Rwe¢thtNxMlblllties•fTmgffa•thl F¢r ;',: ¢oMiderthat•nal1I tsJXf¢Wr¢d yt4rthMkr Seem 144 otthe Clmrld¢¥ A¢t2011 ": , . . ' hbmyTe4wlblllty ..' L ier 14S (S)(b)oftht chttr1# A¢i" 'IAKiatyJ falrvl¢w' i Ihhknl bekn¥. In con0 wlthmy exAmÈrJlll)n, w mthttsyl cvnwto my •tt¢0tl. l) DKreax1bkcx w t¢llesrththt kn ony rt•Xd .,.... .. . . . •to keep xcowith>8 r¢¢(rf Ijootthc Ch1¥A¢(. Itsd 2) lo wtsk lttnty opkn10 1tt0sUmsl¥yJld b¢ ltsxderb)oft&bk 4sYwwthtandwtsi: ..: . Stsl•mrt F¢th Y•¥r ttidodJthS#*•rpbirX25