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← Contemporary Glass Society

2025-07-31-accounts

Company registration number: 05062300 Charity registration number: 1153382

Contemporary Glass Society

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 July 2025

Contemporary Glass Society

Contents

Reference and Administrative Details 1
Strategic Report 2
Trustees' Report 3 to 8
Independent Examiner's Report 9 to 10
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Financial Statements 14 to 21

Contemporary Glass Society

Reference and Administrative Details

Charity Registration Number 1153382 Company Registration Number 05062300 The charity is incorporated in England & Wales. Registered Office 29 Heron Drive Brackley Northamptonshire NN13 6QE Independent Examiner PRWS (Bristol) Limited Chartered Certified Accountants 11 Alma Vale Road Clifton Bristol BS8 2HL

Page 1

Contemporary Glass Society

Strategic Report for the Year Ended 31 July 2025

The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 July 2025, in compliance with s414C of the Companies Act 2006.

Financial review

Policy on reserves

The policy is to maintain unrestricted reserves at the level necessary to sustain the planned charitable activities for 12 months.

Principal funding sources

CGS plans to cover the day to day activities of the organisation from its members’ subscriptions. We look for project funding to undertake bigger events such as conferences and major exhibitions.

Investment policy and objectives

All accumulated funds are held in the bank current and deposit accounts with the objective of being safe and accessible.

Principal risks and uncertainties

Generally

The Board identifies the major risks to which the Charity is exposed, and is satisfied that systems are in place to mitigate exposure to these risks.

Financial risks

There is no guarantee of the level of the income for CGS from its membership subscriptions, its main income source. However, the membership is growing and is currently aproximately 1,270 members. New members joining in the year replace those that have not renewed.The subscriptions gathered from the membership allow the charity to continue and be a unique advocate for contemporary glass. Fundraising

We encourage commercial businesses involved in glass making to sponsor our magazines and events, helping to cover costs.We have successfully run targeted fundraising for items such as a new website. We send out calls asking members if they can make small donations to cover costs for public events and we go back to previous donors to ask if they will continue to support certain activities. Quarterly management accounts ensure we do not undertake projects that we cannot fund.

The strategic report was approved by the trustees of the charity on 10 November 2025 and signed on its behalf by:

SIGNED SECURELY

10/11/2025 at 7:50:11 PM UTC

......................................... S L Brown Trustee

Page 2

Contemporary Glass Society

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 July 2025.

Objectives and activities

Objects and aims

The Objects of the Charity are to advance, improve, develop and maintain public education in, and appreciation of, the arts, most specifically in glass as an art and crafts form, by any means the trustees see fit, including through the holding of exhibitions, promoting and encouraging the highest standards in this field and promoting, sustaining and increasing individual and collective knowledge and understanding of skills, expertise and knowledge in glass as an art and crafts form for the public benefit .

Glass is a versatile and captivating medium, which touches our lives in many ways and brings much pleasure and joy to those who behold, make and design it. The art form enjoys an important heritage but makes use of the place of glass at the forefront of modern technology. The unique qualities of glass can transform an environment and through the experience of art and architecture it can also have an extraordinary and positive impact on people.

At CGS we are passionate about glass and the artists working with this amazing medium. We want to bring this captivating material, with all its history; its vibrant use in art and design today and its potential for the future to a wider audience, enabling the public to see more of it and to engage with it as both audience and participant. We aim to provide artists with access to a community that can support, encourage and inspire them, that can provide quality information, opportunities, and business support. They need to be given a collective, international voice and the environment to dare, to push boundaries, and develop and master techniques.

We aim to educate, connect, and inspire artists and art-lovers to keep glass at the forefront of contemporary art.

Page 3

Contemporary Glass Society

Trustees' Report

Objectives, strategies and activities

CGS aims to provide more activities related to contemporary glass for artists and the public to engage with. We shall fund this through increased membership and additional funding.

The CGS seeks to achieve its objectives in two main areas: the core activities that make up the heart of what we do on a day to day basis; and project or development activities that aim to take the organisation and what it offers forward.

The Website - www.cgs.org.uk

One of the CGS’ key core activities is the provision of our website. Visually engaging and packed with information it is often the first point of contact for anyone who wishes to find more about contemporary glass. The website includes:

• A ‘Find a Member’ directory that connects the public with our members’ profiles and news

• An ‘Information’ section providing information and resources on all aspects of glass making from techniques to collecting, galleries to universities that offer glass courses and much more.

• Our ‘Noticeboard’ offers all kinds of information including galleries and exhibitions to visit, workshops and short courses, symposiums and conference and job opportunities, searchable by region. The news is uploaded both by our web manager and also by the members themselves ensuring a dynamic and up to date flow of information.

• Online galleries and exhibitions: The website hosts many online exhibitions a year and is the by far the most comprehensive online presentation of contemporary glass in the UK. It presents an unsurpassed range of disciplines within contemporary glassmaking (glass blowing; casting; stained glass; flamework etc.), new ideas and techniques, national and international artists and showcases of our annual celebrations and prizes (such as those recognised for our New Graduate prize).

Magazine

In addition to the website the CGS produces a half yearly full colour, 16 page magazine that offers news about and images of contemporary glass, ideas and tips for making, debate about contemporary practice and thinking and news and about what’s on. The magazine is circulated among our membership and also more widely to educational establishments, the arts community and art-loving public.

The CGS Office: A hub for information

All this is managed by our freelance, administrator in conjunction with a mix of freelance staff and volunteers. Our administrator not only ensures that these core activities are delivered, manages our growing membership subscriptions and general administration; she forms a friendly and informative centre for advice, connecting people and answering questions from a wide range of sources on a daily basis.

Students and Higher Education

The CGS is committed to supporting students and places of higher education that teach glassmaking skills. We always have a trustee who is dedicated to making contact with students and their teachers and establishing an on-going relationship with them. Through this we can share information and find out about student needs. CGS also runs the CGS Graduate Glass Prize, offering several awards every year to outstanding students working with glass. The Prize is celebrated through a Graduate Review, a 16 page publication highlighting the winner plus an additional 15 graduates work. This publication is circulated throught the UK and Europe. By acknowledging the courses available we aim to increase the public's awareness of this education in the Arts.

Page 4

Contemporary Glass Society

Trustees' Report

Public benefit

We have ensured we continue to confer public benefit through our activities including

The website – The charity’s website remains freely accessible to the public and continues to serve as a comprehensive resource for information and engagement with contemporary glass. It features details of workshops, courses, exhibitions, and events, as well as practical advice on the repair and commissioning of glass artworks.The site also facilitates sustainable practices within the sector by advertising recycled materials and equipment. In addition, it promotes professional development by publicising opportunities for artists to exhibit, develop skills, and participate in forums, lectures, and community activities

Education -The charity is committed to supporting glass artists at all stages of their careers, with a particular focus on students and emerging practitioners. Reduced membership rates and discounted event tickets are offered to students and recent graduates, while free professional advice is made available to artists and members of the public. Last year, an education panel was convened bringing together representatives from across the glass education sector to discuss challenges and opportunities for the future. Funding has been secured to produce a series of educational films for use in schools and future workshops, broadening access to glass education. Prizes given by the charity continue to provide support to emerging talent. Additional funding has also been secured this year which will enable the creation of further educational films, which will form part of the charity’s expanding YouTube educational portfolio, increasing its reach and accessibility

Professional Development - The charity continues to promote professional and business development opportunities for artists. Online training courses—such as those offered by The Design Trust—cover topics including pricing, marketing, budgeting, and professional practice. These are accessible to all and actively promoted via the CGS website.The charity also signposts other relevant training opportunities to ensure that artists can access suitable professional support. Looking ahead, in 2026, CGS plans to launch its own online professional development programme, offering tailored business and creative practice guidance to members.

Regional Events - CGS actively supports public engagement with contemporary glass throughout the UK. During the year, exhibitions were held in Yorkshire, the Northwest, and London, accompanied by symposiums in Stourbridge, Wales, and London. These events provided regional audiences with opportunities to experience and engage with contemporary glassmaking practices. Regional hubs continue to play a key role in supporting local makers and fostering a strong sense of community within the UK’s contemporary glass sector.

Live online talks -The charity delivered a programme of live online talks featuring both members and invited guest speakers. These sessions provide valuable insights into glassmaking and help to strengthen the professional community, particularly benefiting artists who may work in isolation.All talks are recorded and made available via the CGS website. While members enjoy full access, several recordings are also made freely available to the wider public, enhancing the charity’s public engagement and educational impact.

Number of people benefiting from CGS activities 2024-2025:

Audiences for live events approximately 4,115, Online exhibition audiences 10,000, Publications (three) 3,900 Artists showing work in exhibitions and online 551, Artists involved in educational events 12 Public attending educational events 165, Online talks 16, Artists attending online talks 510 Members watching recorded talks on you tube 450

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 5

Contemporary Glass Society

Trustees' Report

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees:

S Purser Hope, Chair (resigned 1 December 2024) S L Brown, Chair M Barnes H Slater Stokes K Coleman A Monzon C Shilling (appointed 23 August 2024) W Hart (appointed 23 August 2024) L Norris (appointed 23 August 2024) E Fleury-Rojo (appointed 23 August 2024) A Costin (appointed 23 August 2024) F Fawcett (resigned 23 August 2024) C Reid (resigned 23 August 2024) A Burke (appointed 23 August 2024)

Structure, governance and management

Nature of governing document

The Charity is constituted as a private company limited by guarantee and therefore has no share capital. It is governed by a Memorandum and Articles of Association. There are no restrictions in the governing document on the operation of the Charity or on its investment powers, other than those imposed by general charity law. Every Member undertakes to contribute an amount not exceeding £1 to the assets of the company in the event of the winding up of the company. The company members elect the Trustees who comprise the Board of Management which has the power and responsibility to run the company.

Recruitment and appointment of trustees

Our need for suitable trustees/ board members is advertised to our supporters on a regular basis through the website and magazine. In addition, we continue to approach individuals, and other organisations we are in contact with, as part of our strategy for identifying suitable new trustees.

Trustees/ board members can be elected at the AGM, or appointed on a provisional basis by the Board until the next AGM. When someone who has not been elected at the AGM comes forward as a potential new trustee/board member, if it seems that they will be able to contribute to the work, they are interviewed by two of the existing trustees and if suitable asked to join on a provisional basis until the next AGM. The number of members of the Council of Management can vary between 3 and 12 people.This year 2 trustees stood down and 1 new trustees will be elected at the AGM.

Induction and training of trustees

All new and potential trustees are given a copy of the Trustees Pack. The Trustee Pack is a set of documents that includes the Memorandum and Articles of Association, our Trustee Guidelines, the last annual report, the current set of management financial statements, and links to the Charity Commissions website for further guidance.The Pack also contains information about our aims and objectives and the work we undertake. New and potential trustees are also asked to discuss any issues they have with the Administrator.

Page 6

Contemporary Glass Society

Trustees' Report

Arrangements for setting key management personnel remuneration

CGS is managed by a Chair, Project Manager, Administrator, and Treasurer plus Board members. These positions are voluntary with reasonable expenses reimbursed when carrying out necessary work for the charity. Day to day running of the organisation is delegated to the administrator, who reports to the Board quarterly.

Organisational structure

The Board meets up to four times a year as a full Board and is serviced by the Administrator. Subgroups from time to time work on specific projects such as conferences.The freelance staff and volunteers of the charity have delegated authority to carry out day-to-day work within policies agreed by the Board.All questions at any meeting are determined by a simple majority of votes cast by members present, with each member having one vote. In the event of an equality of votes, the Chair may exercise a second vote as a casting vote.

Major risks and management of those risks

Generally

The Board identifies the major risks to which the Charity is exposed, and is satisfied that systems are in place to mitigate exposure to these risks.

Financial risks

There is no guarantee of the level of the income for CGS from its membership subscriptions, its main income source. However, the membership is growing and is currently aproximately 1,270 members. New members joining in the year replace those that have not renewed.The subscriptions gathered from the membership allow the charity to continue and be a unique advocate for contemporary glass. Fundraising

We encourage commercial businesses involved in glass making to sponsor our magazines and events, helping to cover costs.We have successfully run targeted fundraising for items such as a new website. We send out calls asking members if they can make small donations to cover costs for public events and we go back to previous donors to ask if they will continue to support certain activities. Quarterly management accounts ensure we do not undertake projects that we cannot fund.

Financial instruments

Credit risk

The Charity’s principal financial assets are its bank account balances.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the Charity uses a mixture of current and deposit bank accounts.

Employee involvement

CGS has no employees.

Statement of trustees' responsibilities

The trustees (who are also the directors of Contemporary Glass Society for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Page 7

Contemporary Glass Society

Trustees' Report

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustees of the charity on 10 November 2025 and signed on its behalf by:

SIGNED SECURELY 10/11/2025 at 7:50:11 PM UTC ......................................... S L Brown Trustee

Page 8

Contemporary Glass Society

Independent Examiner's Report to the trustees of Contemporary Glass Society ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

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...................................... S A Prys-Roberts Chartered Certified Accountants ACCA

11 Alma Vale Road Clifton Bristol BS8 2HL

10 November 2025

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Contemporary Glass Society as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

Page 9

Contemporary Glass Society

Independent Examiner's Report to the trustees of Contemporary Glass Society ('the Company')

  1. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Page 10

Contemporary Glass Society

Statement of Financial Activities for the Year Ended 31 July 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Investment income
5
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15
Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Investment income
5
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15		 Unrestricted
funds
£
9,269
76,932
139
86,340
(89,181)
(89,181)
(2,841)
(2,841)
29,745
26,904
Unrestricted
funds
£
17,164
65,476
195
82,835
(86,495)
(86,495)
(3,660)
(3,660)
33,405
29,745		 Total
2025
£
9,269
76,932
139
86,340
(89,181)
(89,181)
(2,841)
(2,841)
29,745
26,904
Total
2024
£
17,164
65,476
195
82,835
(86,495)
(86,495)
(3,660)
(3,660)
33,405
29,745

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 15.

The notes on pages 14 to 21 form an integral part of these financial statements. Page 11

Contemporary Glass Society

(Registration number: 05062300) Balance Sheet as at 31 July 2025

Note
Current assets
Debtors
12
Cash at bank and in hand
13
Creditors: Amounts falling due within one year
14
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
15		 2025
£
1,207
28,498
29,705
(2,801)
26,904
26,904
26,904		 2024
£
1,577
28,320
29,897
(152)
29,745
29,745
29,745

For the financial year ending 31 July 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 11 to 21 were approved by the trustees, and authorised for issue on 10 November 2025 and signed on their behalf by:

SIGNED SECURELY 10/11/2025 at 7:50:11 PM UTC

......................................... S L Brown Trustee

The notes on pages 14 to 21 form an integral part of these financial statements. Page 12

Contemporary Glass Society

Statement of Cash Flows for the Year Ended 31 July 2025

Note
Cash flows from operating activities
Net cash expenditure
Adjustments to cash flows from non-cash items
Investment income
5
Working capital adjustments
Decrease in debtors
12
Increase/(decrease) in creditors
14
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
5
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 August
Cash and cash equivalents at 31 July		 2025
£
(2,841)
(139)
(2,980)
370
2,649
39
139
178
28,320
28,498		 2024
£
(3,660)
(195)
(3,855)
151
(1,288)
(4,992)
195
(4,797)
33,117
28,320

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 14 to 21 form an integral part of these financial statements. Page 13

Contemporary Glass Society

Notes to the Financial Statements for the Year Ended 31 July 2025

1 Charity status

The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

These financial statements were authorised for issue by the trustees on 10 November 2025.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Contemporary Glass Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 14

Contemporary Glass Society

Notes to the Financial Statements for the Year Ended 31 July 2025

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources,

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources

Governance costs

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of Trustee meetings and the cost of any legal advice to Trustees on governance or constitutional matters

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 15

Contemporary Glass Society

Notes to the Financial Statements for the Year Ended 31 July 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Foreign exchange

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.

The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).

Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:

1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);

2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and

3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.

Fund structure

General fund

Unrestricted income funds are available for use at the trustees' discretion in furtherance of the objectives of the Charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Page 16

Contemporary Glass Society

Notes to the Financial Statements for the Year Ended 31 July 2025

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Gift aid reclaimed
Grants, including capital grants;
Grants from companies
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
6,238
1,031
2,000
9,269
17,164		 Total
funds
£
6,238
1,031
2,000
9,269
17,164

4 Income from other trading activities

Page 17

Contemporary Glass Society

Notes to the Financial Statements for the Year Ended 31 July 2025

Events income;
Other events income
Membership subscriptions
Other income from other trading activities
Total for 2025
Total for 2024
5
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
11,648
62,522
2,762
76,932
65,476
Unrestricted
funds
General
£
139
139
195		 Total
funds
£
11,648
62,522
2,762
76,932
65,476
Total
funds
£
139
139
195

6 Expenditure on raising funds

6
Expenditure on raising funds
7
Expenditure on charitable activities
Total for 2024
Principle activity
Total for 2024		 Activity
undertaken
directly
£
35,912
36,341		 Unrestricted
funds
General
£
85,574
Activity
support costs
£
52,069
48,964		 Total
costs
£
Total
funds
£
85,574
Total
expenditure
£
87,981
85,305

Page 18

Contemporary Glass Society

Notes to the Financial Statements for the Year Ended 31 July 2025

In addition to the expenditure analysed above, there are also governance costs of £1,200 (2024 - £1,190) which relate directly to charitable activities. See note 8 for further details.

8 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
1,200
1,200
1,190		 Total
funds
£
1,200
1,200
1,190

9 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

S L Brown

S L Brown received remuneration of £11,587 (2024: £1,529) and £2,231 (2024: £Nil) of expenses were reimbursed to S L Brown during the year.

Remuneration and expenses incurred on the operation of the graduate review publication and the student scheme. From February 2025 project management fees and expenses incurres on the organisation of events for the charity.

F Fawcett

£Nil (2024: £1,852) of expenses were reimbursed to F Fawcett during the year.

S Purser Hope

S Purser Hope received remuneration of £9,794 (2024: £18,834) and £457 (2024: £3,644) of expenses were reimbursed to S Purser Hope during the year.

Project management fees and travel expenses incurred in the organisation of events on behalf of the charity

H Slater Stokes

H Slater Stokes received remuneration of £8,460 (2024: £Nil) and £1,598 (2024: £Nil) of expenses were reimbursed to H Slater Stokes during the year.

Administration fees and expenses incurrred in the day to day running of activites on behalf of the charity.

10 Independent examiner's remuneration

10 Independent examiner's remuneration
2025 2024
£ £
Examination of the financial statements 1,200 1,190

Page 19

Contemporary Glass Society

Notes to the Financial Statements for the Year Ended 31 July 2025

11 Taxation

The charity is a registered charity and is therefore exempt from taxation.

12 Debtors

12 Debtors
Trade debtors
Prepayments
13 Cash and cash equivalents
Cash at bank
14 Creditors: amounts falling due within one year
Trade creditors
15 Funds
Balance at 1
August 2024
£
Unrestricted funds
General
29,745
Balance at 1
August 2023
£
Unrestricted funds
General
33,405
16 Analysis of net funds
Cash at bank and in hand
Net debt		 Incoming
resources
£
86,340
Incoming
resources
£
82,835		 2025
£
750
457
1,207
2025
£
28,498
2025
£
2,801
Resources
expended
£
(89,181)
Resources
expended
£
(86,495)
At 1 August
2024
£
28,320
28,320		 2024
£
359
1,218
1,577
2024
£
28,320
2024
£
152
Balance at 31
July 2025
£
26,904
Balance at 31
July 2024
£
29,745
At 31 July
2025
£
28,320
28,320

Page 20

Contemporary Glass Society

Notes to the Financial Statements for the Year Ended 31 July 2025

Cash at bank and in hand
Net debt		 At 1 August
2023
£
33,117
33,117		 At 31 July
2024
£
33,117
33,117

Page 21

Contemporary Glass Society

Statement of Financial Activities by fund for the Year Ended 31 July 2025

Unrestricted Funds

Unrestricted Funds
Income and Endowments from:
Donations and legacies
Other trading activities
Investment income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Unrestricted
Funds
2025
£
9,269
76,932
139
86,340
(89,181)
(89,181)
(2,841)
(2,841)
29,745
26,904		 Total
Unrestricted
Funds
2024
£
17,164
65,476
195
82,835
(86,495)
(86,495)
(3,660)
(3,660)
33,405
29,745

This page does not form part of the statutory financial statements. Page 22

Contemporary Glass Society

Detailed Statement of Financial Activities for the Year Ended 31 July 2025

Income and Endowments from:
Donations and legacies (analysed below)
Other trading activities (analysed below)
Investment income (analysed below)
Total income
Expenditure on:
Charitable activities (analysed below)
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2025
£
9,269
76,932
139
86,340
(89,181)
(89,181)
(2,841)
(2,841)
29,745
26,904		 Total
2024
£
17,164
65,476
195
82,835
(86,495)
(86,495)
(3,660)
(3,660)
33,405
29,745

This page does not form part of the statutory financial statements. Page 23

Contemporary Glass Society

Detailed Statement of Financial Activities for the Year Ended 31 July 2025

Donations and legacies
Donation
Tax reclaimed re Gift Aid
Grants
Other trading activities
Membership Subscriptions
Newsletter Sponsorship
Raffle
Exhibitions
Newsletter advertising
Investment income
Interest
Charitable activities
Cost of activities
Exhibition expenses
Student promotions
Administrator
Bookkeeping
Website Support
Telephone and fax
Postage
Stationery
Other Charitable Activity Expenses
Advertising
Newsletter
Bank Fees
Accountancy fees		 Total
2025
£
6,238
1,031
2,000
9,269
62,522
-
1,095
11,648
1,667
76,932
139
139
(4,644)
(8,275)
(6,036)
(43,220)
(1,200)
(6,674)
(886)
(642)
(203)
(3,673)
(575)
(10,283)
(1,670)
(1,200)
(89,181)		 Total
2024
£
12,761
1,629
2,774
17,164
54,425
1,000
1,518
7,916
617
65,476
195
195
(932)
(11,043)
(4,730)
(38,056)
(1,190)
(6,745)
(654)
(1,681)
(320)
(2,585)
(3,341)
(12,637)
(1,391)
(1,190)
(86,495)

This page does not form part of the statutory financial statements. Page 24