The Arts Society Westminster Treasurerf5 report Examlned Receipts and Payment5 Accounts for the Year Ended 31 March 2024 Subscription Income ftjr 2024 remalns steady a5 compared to the pVIouS year with current membershlp of 201. During the past year the inwme from our three study days and three visits general covered the costs of these well received events. The two grant5 we made durfng the year to The Royal School of Needlework and The Holborn Community Association were both funded from The Patricia Fay Memorial Fund of The Arts Sodety and were therefore made at no net cost to our Society. Thè princlpal flnanclal challenge we faee is a huge Increase In the tost of lecture room hlre, totèllin8 £11,272 thi5 year- over £1,100 per lecture- with the National Portrart Gallery currently charglng £1,500 per sesslon. We are now paying ourTA5 affiliation fee (£15.94 per member) and Insurance by monthlv d1ct debit so have only paid 20% of the total due during the past year. Desplte these challenges, namely a greatly reduced membership compared to pre Covid and hugely increased lecture room hire costs. we are fortunate in holdlng reserves of some £42,000- equivalÈnt to nearly two Year expenditure. Your Commlttee is actlvely explorlng how best to narrow our underlying operatin8 deficlt and have enga8ed wlth the TAS to explore the best ways to promote our membershlp. Our reseNes have been boosted thls year by receipts totalling £14,477 from HMRC in respett of Gift Aid reclaims relatin8 to the past and four prior years, Subscription reteiptS. I take this Opportunity to thank Sunita Thornton ACAfor again acting a5 our Honorary Independent Flnanclal Examiner of our Annual Flnancial Accounts. In accordance with clause 9.3 of our Constltutlon, and havlng been nomlnated by the Comrnlttee, l ask that she be reappolnted for the forthcomlng year. In accordance with clause 11.2.1 of our Constitution, l ask that our members receive and approve these Examined Annual Financlal Accounts and Treasurerfs Report at our Annual General Meetingto be held at 2pm on 17 June 2024at St Martln's Hall. WC2N 4JJ. ip Hardwick FCA, CF. cfA Treasurer and Trustee 6 May 2024
The Arts Society Westminster Receipts and Payments Account For the year ended 31 March 2024 Y•r ended 3LO8.24 Yearended 31AB.23 Rtteipts Subscriptlons Glft Ald12020 tt 20241 Study Days Vlslts 14,219 14,477 3,430 13,705 2.S20 983 Gr•nts Interest Mlscellaneous income 2,144 112 20 14 140 35.017 17.362 Payments Lerture room ¢oSts Lecturer costs TAS affillatltsn feè Jnd Insuranc•12024: DDI Study Days Vlslts Grants Prlntin& posta8e & Secretarlal Webslte & IT Chrlstmasl Newyearsocral Mlscell¥n•ous 11,272 4,194 713 3,656 670 1,849 711 340 63 7Z ,717 4.128 2,732 763 1,014 23,S40 17,837 SurpEus/ ID•fidtl 11,477 1£ 4751 Barclays CurrentAttount Barclay$ DepoSADut Logn ttsTAS for Patricia Fay Memorfal Fund Lerture room hlr• d•posli$14 months) Petty Cjsh 8,861 9,278 12.t>J) 9,390 26,CQ) 4.182 142 142 41.758 30,281 R•con¢lli¥tion Total A5¥ets at Qi,N.23 C45h surplus 30,281 11.477 Tot•1 Amtsas Jt 31.03.24 41,758 Kevln Klernan- chatmian •nd Trust•e SunltaThornlon ACA- Independent Exèmlner www.theartssocie estminster.cr Find us on: We are a Reglstered Charity wlth Registration Number: 1140639