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 p￿VIouS 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
d1￿ct 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$ DepoS￿A￿Du￿t
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
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We are a Reglstered Charity wlth Registration Number: 1140639