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← Conway Hall Ethical Society

2024-07-31-accounts

ANNUAL REVIEW 2024 Incorporating Statutory Financial Statements

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CONTENTS

Conway Hall is a charity that helps to create a world Where Ethics Matter.

With a landmark venue and over 100 years of championing independent voices promoting equality, social justice and a better life for all – we call that ETHICS – Conway Hall offers a dynamic platform for those driven by the same passion for change.

Our programme includes talks, concerts, courses, performances and community events, for audiences in-person and online.

Our Grade II listed building, built in 1929, is renowned as a hub for free and independent thought, for suffragettes, political radicals, scientists, philosophers, performers, artists, campaigners and other non-profit organisations.

Our Library holds the Ethical Society's collection, which is the largest and most comprehensive Humanist and ethics-related research resource of its kind in the United Kingdom.

You can support Conway Hall and its work by making a . donation or by becoming a member of the Ethical Society

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Published by Conway Hall Ethical Society Registered charity 1156033

Conway Hall • 25 Red Lion Square, Holborn, London, WC1R 4RL • 020 7405 1818 • info@conwayhall.org.uk

Printed by Solopress • 9 Stock Road, Southend-On-Sea, SS2 5QF

We are grateful to have received funding from:

@ conwayhall.org.uk conwayhallethicalsociety f y¥ Go conwayhall

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CHAIR’S REPORT

In a year where so much has happened, it's hard to select my own highlights.But they have to include the Unmasked series, as well as the perpetually fantastic Ethical Matters talks, which will always hold a special place in my heart. I’m delighted that we continue to be a beacon of radical, rational discussion, ensuring our relevance and importance in our social and political climate.

Perhaps most excitingly, we launched the Conway Hall Virtual Tour - do take a look on our website. In partnership with Humanist Heritage and made possible by support from the National Lottery Heritage Fund , this project was built by V21 Artspace and provides panoramic views, high-definition imagery, audio commentary and video highlights to illuminate the heritage of humanism and ethical thought contained within our building's walls.

I love the history and principles behind what you do

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Taken from a recent member survey
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We welcomed three new Trustees and saw three leave us, among whom were Martin Robbins and Bob Churchill who had both served nine years and given huge amounts of their voluntary time to Conway Hall. They shall be missed.

We held our first ever Trustee Away Day to look strategically at future Business Plan milestones and begin the thinking of how to achieve them. Alongside all the other Trustee activity, I'm particularly grateful to all who attended this day-long session – seeds are already being sown to reap the rewards in later years.

And I'd like to thank our donors, funders and supporters, who have generously

helped us financially and in kind, enabling us to sustain and grow our work.

Carmen D'Cruz

CEO’S REPORT

As I look back on another year of our charity's work, it becomes clear how far we've come and just how much we've managed to achieve.

At the heart of it all is our charitable object, most visibly delivered through our rich and varied programme platforming the diverse voices, perspectives and ideas that Make Ethics Matter . The number of events, projects and partnerships grew by 41% compared to 2022/23 and I look forward to its continuing evolution.

And since so much of what we currently do depends on our building and venue, this year we began the journey of repairing our roof. We were able to start the complex process of restoring its many different sections thanks to donations to our Crowdfunder campaigns and the continuing, kind support of The Rose Foundation.

Educational and provocative in a good, intelligent way

Taken from a recent audience survey

However, maybe the most significant development is the introduction of our first annual Impact Report. Underpinned by year-round evaluation, the report demonstrates the impact of our charity's work in different arenas.

Diversity, visitor experience, learning, staff wellbeing and others sit alongside supporting new ideas on ethics, with accompanying statistics, so that we can present our work and worth in ways beyond traditional financial reporting. As we always knew, there is so much to be proud of at Conway Hall and now that story can be properly told.

Finally, it's been wonderful to see so many people engaging with my Ethics First videos and blog, available on the website – there are a lot more in the pipeline.

Jim Walsh

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2024 BY NUMBERS

1[Virtual Tour launch]

1[wedding held in our venue]

37[partner collaborations]

125[events held as part of our charitable programme ]

Overlapped two of my interests, ethics and space

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[people attended our own events, in person and livestreamed] 10,416

[people viewed our ] [YouTube][ channel] 71,298

[visits to our website ] [(up nearly 17% on 2023)] 202,807

[people reached via ] [Instagram] 227,683

[people reached via ] [Facebook] 270,637

HON. TREASURER’S REPORT

Last year, our venue hire revenue increased by 70% on the previous year, so that our annual turnover went beyond £1m for the first time in our history.

This year, I’m delighted to say we improved on that by over 10%, to reach an income level of £1.1m . But not only that, we also achieved a small surplus (prior to depreciation) for the first time since the Covid pandemic.

Our Commercial team continue to innovate, introducing several new offers, which have seen weddings returning to Conway Hall and promotion to the film industry of our amazing spaces.

Thank you for something entirely unexpected & considered

Taken from a recent audience survey

The Flower Room has also been renovated to complement the Fox Room so that we can offer a business suite for clients who need separate rooms for small team workshops etc. Plus, we have decorated the Theobalds Road façade to help showcase our charitable work and beautiful building.

Also, this year, we introduced a dedicated Development Board, as a subcommittee of the Trustees to help support the staff team in fundraising and donor engagement in what we all know is a very challenging climate.

Our new, five-year Business Plan is now underway. It has milestones to achieve, such as re-opening our café space and creation of a dashboard to enable key information to be interrogated by staff and Trustees, guiding our efforts in real time.

It's good to see that the plan and the efforts of the staff and Trustees are already seeing results and helping to bring our charity increasing profile and revenue. Lucas Whittaker

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I love the events Conway Hall puts on

Taken from a recent audience survey

WHAT WE DO

Throughout 2024, Conway Hall Ethical Society has continued to produce a diverse programme of events and projects that Make Ethics Matter in the world.

We began our Spring Season in January 2024 with the first of many Ethical Matters talks, with Tomiwa Owolade on Why Black Lives in Britain Matter, followed by a timely discussion on Cancel Culture and the Culture Wars with Hardeep Matharu and Joe Twyning . Our Ethical Matters series continues to bring a range of audiences into the discussion, both in person and online.

We also began a new series of talks and discussions, of conversations by and with neurodivergent people. UnMasked is a place where people can feel at home, understand life a little more and contribute to the discourse.

This year we held discussions on Neurodivergence and Comedy with comedians Joe Wells and Victoria Melody , as well as The Politics of Neurodivergence with author Jodie Hare . We are deeply committed to offering meaningful opportunities to engage with ethics with all our audiences, regardless of neuro-type.

Our Sunday Concerts continue to provide affordable and accessible classical music. In January, we saw the continuation of our song series take shape with a spectacular evening of music, song and spoken word performed by tenor Mark Padmore , spoken word artist Hazel Holder and celebrated accompanist Roger Vignoles . The programme reflected on the beautiful, wonder-filled natural world we live in – and our need to protect it now and in future.

We have also advanced our work supporting and promoting young musicians, both through the programming of our Sunday Concerts with vibrant, emerging

ensembles such as Calathea Quartet , as well as through our partnership programme. In February we welcomed back London Music Fund , with over 80 young musicians supported by their scholarships programme, for a music-filled takeover of Conway Hall, led by the fantastic Hackney Colliery Band.

We also hosted two operas, performed by some of the brightest emerging musicians from the London Performing Academy of Music . April saw La Bohème performed on the Main Hall stage, and in December we were treated to a production of Turandot which featured original Mongolian costumes and props, provided by the Mongolian Cultural Envoy and the Mongolian community in London.

In our bid to make music accessible and affordable for all, we have been delighted to embark upon a new partnership project this year with Songhaven , producing a series of five free, relaxed concerts for people living with dementia and their friends, carers and loved ones. We would like to thank The McLay Dementia Trust for their generous support, without which this project would not have been possible.

Continuing on the musical theme, our ongoing partnership with Electric Voice Theatre saw a new performance in our historic Library, celebrating the launch of a dedicated online resource on Eliza Flower, Conway Hall’s radical composer and activist. The special evening of music and discussion featured a premier of a brand-new work by Frances M Lynch , inspired by Eliza’s music.

Throughout 2024 we have continued to develop our partnerships with leading organisations and charities doing outstanding ethical work.

Stuart Hall Foundation returned to Conway Hall in September with their Autumn Keynote on Catastrophe & Emergence with celebrated historian and writer Professor Robin D.G. Kelley.

Fascinating, thoughtprovoking and a real education Taken from a recent audience survey

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I just loved the whole

experience

Taken from a recent audience survey

This summer was host to a special collaboration between Humanist Heritage and Conway Hall, as we hosted a landmark exhibition, Picturing Nonconformity , which celebrated LGBT Humanists as a pioneering organisation that established places for the non-religious to freely express their gender and sexuality.

Featuring archival holdings from Bishopsgate Institute and Conway Hall, alongside new works by LGBTQ+ artists and oral histories, the exhibition was accompanied by a series of events and activations, the highlight of which was undoubtedly the spectacular Lead Me into Temptation, Please – an LGBTQ+ summer fair with workshops, film screenings, crafting, and an evening cabaret performance.

This programme was part of the National Lottery Heritage Fund -supported twoyear project, Humanist Heritage: Doers, Dreamers, Place Makers, coordinated by Humanists UK in partnership with Conway Hall. In addition to the summer activities, this year we also saw the launch of two virtual tours of Conway Hall, created as part of this project, one of which is available on our website.

In the tours, visitors can explore a 3D virtual model of the building and learn some of the fascinating histories that it contains. One version has been designed specifically for schools, to be used as a teaching resource, and the other is for those generally interested in the history of Conway Hall and the ethical movement. Both are freely available for all to use, and will help us to reach more people, including those unable to visit us in person.

As ever, the Autumn Season means festivals here at Conway Hall. We opened with a brand-new endeavour, the Freethought History Festival , a weekend of activities exploring the fascinating stories of freethought movement – the activists, authors and artists who asked the big questions about who should have the power to

shape our society. In collaboration with colleagues from Queen Mary University, The National Secular Society and Oxford University , we presented three days of talks, workshops and walks for all ages, celebrating humanism, secularism, atheism and the ethical movement, past and present.

Firm favourites, Antiuniversity Festiva l and Open House Festival also returned to Conway Hall in the autumn, providing new opportunities for people to visit our historic space and engage in exciting and inspiring discussions about how we can live well in this world, and come together to create community and social change.

The crowning celebration of the year was Bloomsbury Festival , where we were immensely proud to host the Festival launch, Bloomsbury Festival’s Big Night Out at Conway Hall, which was attended by the Mayor of Camden.

Throughout the evening, visitors were treated to a showcase of talent, including performances from Parbati Chaudhury ’s kathak dancers and musicians; Mediterranean polyphonic singing by the Alot Teatro Collective ; music, dance and movement celebrating the Global South and the experience of ancestral Andean cultures in Samka Meets Neo Norte.

Following the opening night, we welcomed a wonderfully diverse selection of artists and creatives across the weekend for a series of talks, workshops and performances. Highlights included a visual concert with pianist and filmmaker Fadio D’Andrea ; a performance from inclusive dance company Sage , who work with older dancers; Answers From the Archive , a discussion with archivists, artists and researchers on how archives can provide solutions to contemporary issues; and Lit in Colour , a vital campaign to decolonise the English literature and drama curriculum and bring rich and relevant works by Global Majority writers to schools around the country.

So many interesting speakers and so informative

Taken from a recent audience survey

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Please continue

livestreaming these wonderful

events

Taken from a recent audience survey

DIGITAL

It may surprise you that the vast majority of people who interact with Conway

Hall have never - and will never - come to our building.

Through our website, YouTube channel, Player, livestreams and, especially, social media, we deliver our charitable object digitally, so that people can discover Conway Hall, learn more about our work and access our events and archive from wherever they live, in the UK and globally.

Our website had over 200,000 visits in the past year. It hosts hundreds of blogs, many inspired by our Library and Archive collections, as well as articles published in the Ethical Record , covering decades of the Ethical Society 's talks. It also gives access to our digitised collections and the new Virtual Tour of Conway Hall itself.

We livestream all of our Ethical Matters talks, making them accessible for those who cannot attend in-person, allowing them to join the conversation. Full recordings are then made available on our Conway Hall Player, for a small charge - and free for members.

On our YouTube channel , which had nearly 72,000 views over the year, features highlights from our events, as well as videos on different topics made just for YouTube. One series of these is based on our CEO's Ethics First blog, exploring the philosophy of ethics in the context of culturally relevant societal issues.

However, the main arena for engagement is social media , with nearly 500,000 people reached through Facebook and Instagram alone - although we also post on most other major social networks.

OUR BUILDING & VENUE

Although we use our building's public spaces for our programme of events, they're mainly used by external hirers, the revenue from which is at the heart of our charity's commercial income.

2024 was a busy and exciting time for the Venue Hire team. We gained many new clients, with some really varied bookings taking place across all of our spaces.

After months of site visits and preparation, in May we welcomed the crew of Apple TV ’s Slow Horses to the venue for a few days, during which they filmed scenes for Season 5 (on our screens in 2025). They made great use of the Main Hall, turning it into a political rally and filling the venue with hundreds of extras.

Al Jazeera chose Conway Hall as the venue to re-launch their popular Head To Head series, hosted by Medhi Hasan. The filmed debates tackle some divisive and difficult issues head on, and the five events that took place in 2024 have received, collectively, nearly 8 million views online.

Other interesting bookings this year include a spectacular fashion show for London Fashion Week hosted by designer Jenn Lee , a choir concert by the staff of Disney UK know as Disney Voices , and a live recording of the popular Kill James Bond podcast. We also hosted a wonderful wedding for one of our own staff members.

As always, we’ve been so pleased to see so many of our long term and repeat clients return in 2024, including Great Ormond Street Hospital, Times Higher Education, the Small Publishers Fair, Unite the Union and Film London , to name a few - and we look forward to seeing who will choose Conway Hall as a venue for their events in 2025.

I love

the building's atmosphere and feeling

of history

Taken from a recent audience survey

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FUNDING & SUPPORT

Events with free under 26 tickets is something amazing, very often we feel excluded from culture and art due to unaffordability, so this is a

great initiative!

Taken from a recent audience survey

We'd like to thank all those who have supported us over the past year. Every donation and grant — no matter the size — has been instrumental in helping us further our charity's mission.

In 2024, our Make Ethics Matter Crowdfunder campaign raised an impressive £4,774 to sustain our work, while our Crowdfunder to Repair Conway Hall's roof raised £6,592, kickstarting critical repairs to the roof - or, to be more exact, many rooves - of our historic building. This work was further bolstered by the generous support of The Rose Foundation .

We are also very grateful for grants or donations from:

• The Music Venue Trust Pipeline Investment Fund , which allowed us to purchase a new sound mixing desk for the Main Hall, ensuring we can continue to host outstanding live music and events in our venue.

• The National Manuscripts Conservation Trust , for conservation and digitisation of pamphlets and documents from our collection and that of the National Secular Society , held in our archive.

• The Cavatina Chamber Music Trust , so that we're able to offer free tickets to

our Sunday Concerts for those under 26.

• The London Community Fund and Cockayne Grants for the Arts, facilitating the relaunch of our Clements Prize for young composers as well as supporting opportunities and educational projects for young musicians and emerging ensembles.

Alongside these, we also held a special Fundraising Recital in the Library, featuring the Zoffany Ensemble who kindly offered us an unpaid performance, raising funds to support our Sunday Concerts series.

And we'd like to thank our higher-tier members for their support: Andrew Copson, Derek Lennard, John Dowdle, Clive Hinds and Lucas Whittaker.

Individuals can support our charity by:

• Making a one-off donation or setting up a monthly direct debit, via our website: conwayhall.org.uk/support

Individuals who work for Benevity -partnered organisations can also steer their employers’ charitable contributions by pledging their support (at no cost to themselves) via this platform. We'd like to thank Adobe Inc. for their generosity.

Organisations and businesses can support us through donations or through one of our Corporate Partnership Packages . Please contact us, to start the conversation, at: fundraising@conwayhall.org.uk

The three young musicians were a revelation. I loved every minute

Taken from a recent audience survey

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OUR IMPACT

We were delighted to have been given the opportunity to perform. Access to London venues is a rarity.

In a time of rising inequality, discrimination, and environmental challenges, the need for ethical thinking and action has never been greater. As the UK’s last remaining ethical society, we play a unique role in championing social justice, equality, and meaningful public discourse. To best carry out our mission of Making Ethics Matter, it is vital that we take stock of our impact, so that we can refine our activities and most effectively bridge the gap between ethics and action.

Our second Impact Report - available from conwayhall.org.uk/impact24 - builds upon the foundation of our first, offering a more in-depth evaluation of our work across ten key areas, including New Ideas on Ethics, Learning, and Collaborator Support. Our core aims include supporting new research, education and creative work on ethical topics, stretching our audiences’ minds through creativity and culture, and helping our partners deliver on their ethical purpose.

Lumas Winds, an ensemble with members aged under 26

Over the past year, we have strengthened our approach to impact assessment, developing a dedicated dashboard to track our progress. This has allowed our staff and Trustees to make data-informed decisions, ensuring we stay aligned with our Strategic Goals. The year also marked the start of our new five-year business plan, setting clear milestones towards our vision of driving thought leadership in ethics.

We’ve had an unrivalled opportunity to bring history and humanism together – using the building and its collections to help us reach new audiences and increase public understanding.

Our audience survey results continue to affirm the value of our work, with high satisfaction ratings for our events, and suggest we are achieving our goals as an educational charity of facilitating learning and increased understanding in our audiences.

We have expanded our reach through growing our audiences and digital engagement, making ethical discussions more accessible to wider communities. At the same time, we have continued to build our financial resilience, achieving record-breaking revenue in 2023-24. This success strengthens our ability to provide high-quality programming and increase our impact.

The rich collections of Conway Hall lend visual appeal and help bring history to life.

Looking ahead, especially as we approach our building's centenary, we are committed to growing our voice in the public sphere on ethics and working towards our goal of becoming the space in the UK for effective public ethical discourse. Building revenue and funding allows us to invest further in our charitable initiatives and support more speakers, partners and projects that drive ethical change.

Madeleine Goodall With a focus on amplifying voices that champion equality and social justice, Humanist Heritage Coordinator at Humanists UK we aim to create a ripple effect – spreading ethical thinking, in-person and increasingly online - inspiring action far beyond the walls of Conway Hall itself. 74% 85% 91% of our audiences felt that felt that felt inspired attending the event they had learnt after attending had deepened or discovered a talk or workshop their understanding something new 3 2

With a focus on amplifying voices that champion equality and social justice, we aim to create a ripple effect – spreading ethical thinking, in-person and

Some of our Impacts & Outcomes:

Ideas supporting equality, social justice, and a better life for all are promoted, helping to build a fairer society and facilitate social change

Through engaging with our events programme, our audience’s minds are stretched through creativity and culture

Our audiences learn through engaging with our online content and expand their understanding of ethics Young musicians progress in their music careers Our audiences and visitors feel a sense of community and are brought closer to “It was amazing. appreciating, understanding and feeling connected to other people I am so looking Under-represented groups are platformed and people who might not otherwise have the opportunity or inclination to engage with ethics, education and cultural activities are supported to do so forward to

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Historic

We embrace our history and share our heritage, in order to build a platform for future progress.

Diverse

We celebrate the benefits of many viewpoints and those working together for common goals and minority rights.

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Kind
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We seek to avoid causing harm, preferring options which benefit people and help them to live freely.

Human

We believe in the power of people solving problems together to build the world we want to live in.

Creative

We believe in the power of creativity and culture to stretch our minds.

We Curate, Support and Facilitate People and Ideas that MAKE ETHICS MATTER

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REPORT OF THE TRUSTEES FOR YEAR ENDED 31 JULY 2024

• Head of Fundraising and Communications held by Jeff Davy, • Head of Operations held by James Foran,

INTRODUCTION

Conway Hall Ethical Society is a registered charity. Its Trustees herewith submit their annual report and the audited financial statements for the year ended 31 July 2024.

The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (revised 2019) in preparing the annual report and financial statements of the charity.

Membership of the Society is open to all who are in sympathy with its charitable objects, upon payment of a subscription.

TRUSTEES’ RESPONSIBILITIES STATEMENT

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trustees 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).

The charity is governed by its Trustees who form the “Trustees”, having a maximum membership of twelve.

The Trustees meet regularly to manage the charity’s affairs.

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including its income and expenditure, of the charity for that period.

The Society, as of 1st August 2014, became a Charitable Incorporated Organisation.

All Trustees are appointed by the members in General Meetings. Once appointed, each trustee undergoes an induction with the Chief Executive Officer, the Chair, and relevant members of the executive team.

In preparing these financial statements,

the Trustees are required to:

This induction includes taking Trustees through the charity's policies as well as the current financial position and strategic aims for the future.

• select suitable accounting policies and then apply them consistently;

The Trustees employ paid staff to run the administration of the Society and Conway Hall.

The charity employs 28 staff, making up 19 full time equivalents, who are engaged in charitable activities, finance and day-to-day administration.

The charity has five senior management positions:

The Trustees are responsible for keeping accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 , the Charity (Accounts and Reports) Regulations 2008 and the charity’s constitution.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

OBJECT

The governing instrument is the Constitution (for a Charitable Incorporated Organisation, of the Association type) and it came into effect on 1st August 2014.

The Object of the Society is the advancement of study, research and education in humanist ethical principles.

ACTIVITIES AND PUBLIC BENEFIT

The activities undertaken by the Society are planned with its objects in mind. Some of the principal ways in which this Object is met are through a regular programme of talks, concerts, and events, which take place online and in our building. Some of these are arranged in collaboration with partner organisations.

The Society’s activities and events are open to the public as well as to members.

When planning the Society’s activities, the Trustees give consideration to the Charity Commission 's guidance on public benefit. More detailed descriptions of activities can be found in the What We Do section of this document.

ACHIEVEMENTS AND PERFORMANCE

For a more detailed overview please see the Annual Review section, which contains statements from the CEO, Chair, and Hon. Treasurer, as well as reports on our programme and commercial activities.

This year has seen a strengthening of audiences and communities at Conway Hall. The programme has boldly brought ethics into view across a wide variety of topics. A new virtual tour of Conway Hall with Humanist Heritage was launched and our chamber music series was joined by variety of folk performances.

Commercially, venue hire has outperformed all previous records and we have seen such generousity for our crowdfunders from our audiences, friends and members. The 5-year business plan is also well under way in order to fulfill its milestones and goals with the staff team and Trustees diligently working to Make Ethics Matter.

FINANCIAL REVIEW

For a more detailed overview see the Annual Review section, in particular the Hon. Treasurer’s report.

Last year we saw our income go above £1m. This year the trend upwards has continued to see a new income record of £1.1m. On the expenditure side achievements have also been made to reduce overspend from last year’s 13% to 4% for this year. Or, to put it another way, prior to depreciation we made a £6k surplus.

Such growth in turnover for any organisation embarking on an ambitious 5-year business plan comes with risks attached. Such risks, though, have been mitigated by constant and determined focus at all levels by the Trustees and staff. Indeed, to support the Charities work, the Trustees have introduced a new Committee – the Development Board – to provide specific focus to the relatively new disciplines of fundraising and corporate engagement.

Again, at this point, it is worth

of the 5-year business plan based on strategic thinking and operational competencies. The 4 Aims identified to provide a framework for growth and meeting the goals set out in the strategic vision continue to be our focus for the future. The 4 aims are:

noting that a sizeable chunk of our expenditure (around £50K per annum) during each of these years is due to depreciation charges following the largest investment programme in Conway Hall since it was built.

RESERVES POLICY

We, the trustees who held office at the date of approval of these Financial Statements, as set out above, each confirm, so far as we are aware, that:

These figures will necessitate that, over the next few years, the Trustees address this difference in order to meet the full Required Reserves figure and to rebuild positive free reserves. The primary generator in rebuilding these reserves will be the business plan.

We approve the Trustees’ Annual Report, in our capacity as Trustees.

RISK MANAGEMENT

Carmen D'Cruz (Chair)

The Trustees manage risk to the Society via a Risk Management Plan which reviews major risks and establishes mitigation systems and activities to reduce/eliminate those risks.

On behalf of the Trustees January 2025

REMUNERATION OF KEY MANAGEMENT PERSONNEL

The Trustees, via the Finance & Audit Committee, manage the staffing pay structure and remuneration of all staff including key management personnel.

PLANS FOR THE FUTURE

In 2024, we began the implementation

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INDEPENDENT AUDITOR’S REPORT

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

OPINION Auditors’ Responsibilities for the Audit of the Financial Statements section of our We have audited the financial report. statements of Conway Hall Ethical Society (the ‘Charity’) for the year We are independent of the Charity ended 31 July 2024 set out on pages in accordance with the ethical 20 to 34.

We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council ’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards , including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves if, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We have nothing to report in this regard.

CONCLUSIONS RELATING TO GOING CONCERN

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Based on the work we have performed, we have not identifed any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

• the information given in the Trustees’ Report is inconsistent in any material respect with the financial statements; or • sufficient accounting records have not been kept; or • the financial statements are not in agreement with the accounting records and returns; or

In our opinion the financial statements:

• we have not received all the information and explanations we require for our audit.

OTHER INFORMATION

RESPONSIBILITIES OF TRUSTEES

The other information comprises the information included in the Annual Report , other than the financial statements and our Auditors’ Report thereon. The Trustees are responsible for the other information contained within the Annual Report .

As explained more fully in the Trustees’ Responsibilities Statement , the Trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

BASIS FOR OPINION

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance or conclusion thereon.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the

In preparing the financial statements, the Trustees are responsible for

events and transactions reflected in the financial statements, the less likely we would become aware of it.

the principal risks of non-compliance with laws and regulations related to industry sector regulations and unethical and prohibited business practices, and we considered the extent to which noncompliance might have a material effect on the financial statements.

assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011, Charity Commission and sector regulations, and UK Tax Legislation.

AUDITORS’ RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council ’s website at: www.frc.org.uk/auditors responsibilities. This description forms part of our Auditors’ Report .

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls).

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors’ Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Appropriate audit procedures in response to these risks were carried. These procedures included:

USE OF OUR REPORT

This report is made solely to the Charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 . Our audit work has been undertaken so that we might state to the Charity’s trustees those matters we are required to state to them in an Auditors’ Report and for no other purpose.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Goodman Jones LLP

We also communicated relevant Statutory Auditors identified laws and regulations and potential fraud risks to all 1st Floor Arthur Stanley House, engagement team members; and 40-50 Tottenham Street, London, W1T remained alert to any indications of 4RN fraud or non-compliance with laws and regulations throughout the audit. January 2025

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

January 2025

There are inherent limitations in the audit procedures described above and Goodman Jones LLP are eligible to act the further removed non-compliance as auditors in terms of section 1212 of with laws and regulations is from the the Companies Act 2006 .

Based on our understanding of the entity and industry, we identified that

THE FOLLOWING HAVE ACTED FOR THE SOCIETY DURING THE YEAR:

Bankers: HSBC [High Holborn Branch] and Charities Aid Foundation (CAF)

Auditors: Goodman Jones LLP • 1st Floor Arthur Stanley House, 40-50 Tottenham Street, London, W1T 4RN Solicitors: Eversheds • 1 Wood Street, London, EC2 7WS

Surveyors: Matthews & Son • 26-27 Bedford Square, London, WC1B 3HP

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CONWAY HALL ANNUAL REVIEW 2018STATUTORY FINANCIAL STATEMENTS STATUTORY FINANCIAL STATEMENTS ~~a~~ STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024 AS AT 31 JULY 2024

Unrestricted Restricted Endowment Total 2024 Total 2023
Notes Funds [£] Funds [£] Funds [£] [£] [£]
Incoming Resources
Income and Endowments from:
Donations and Legacies 2 35,536 8,552 -- 44,088 35,344
Charitable Activities 3 110,378 -- -- 110,378 89,546
Other Trading Activities 4 850,974 -- -- 850,974 751,354
Investments 7 152,281 -- -- 152,281 163,102
Total incoming resources 1,149,169 8,552 -- 1,157,721 1,039,346
Resources Expended
Expenditure on:
Raising Funds 602,319 -- -- 602,319 569,633
Charitable Activities 590,790 8,552 -- 599,342 612,223
Total Expenditure 8 1,193,109 8,552 -- 1,201,661 1,181,856
Net income / (expenditure) (43,940) -- -- (43,940) (142,510)
Transfers between funds -- -- -- -- --
Other Recognised Gains / (Losses):
Gains/(losses) on Investments (450) -- -- (450) (6,797)
Gains/(losses) on Revaluation -- -- -- -- --
of heritage assets
Gains/(losses) on Revaluation -- -- -- -- 90,250
of Investment Propoerties
Net movement in funds (44,390) -- -- (44,390) (59,057)
Reconciliation of Funds:
Total funds brought forward 4,378,304 -- -- 4,378,304 4,437,361
Total funds carried forward 4,333,914 -- -- 4,333,914 4,378,304

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 27 to 38 form part of these financial statements.

2024 2024 2023 2023
Notes [£] [£] [£] [£]
Fixed assets
Tangible assets 13 319,165 342,948
Heritage assets 24 401,120 401,120
Investments 14 -- 69,937
Investment Properties 15 3,727,500 3,727,500
4,447,785 4,541,505
Current assets
Stock -- --
Debtors 17 115,043 142,864
Short term deposits 19A -- --
Cash at bank and in hand 19A 83,852 12,683
198,625 155,547
Creditors: amounts falling due within one year 18 (302,156) (295,469)
Net current liabilities (103,531) (139,922)
Total assets less current liabilities 4,344,254 4,401,583
Creditors: amounts falling due after 18A (10,340) (23,279)
one year
Net assets 4,333,914 4,378,304
Unrestricted funds 21 4,333,914 4,378,304
Restricted funds -- --
Endowment fund 21 -- --
Arts Council Fund -- --
Total funds 4,333,914 4,378,304

The financial statements were approved and authorised for issue by the Trustees. Signed on behalf of the Trustees:

Signature: Carmen D'Cruz (Chair) January 2025

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CONWAY HALL ANNUAL REVIEW 2018STATUTORY FINANCIAL STATEMENTS

STATUTORY FINANCIAL STATEMENTS

CASH FLOW STATEMENT AS AT 31 JULY 2024

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 JULY 2024

Notes 2024 [£]
2023 [£]
Cash Flow from Operating Activities
Net Cash provided by (used in) Operating Activities
19		 (114,686)
(304,561)
Cash Flow from Investing Activities
Dividends, interests, rents from investments
Proceeds from sales of investments
Purchase of property, plant and equipment
Purchase of investments
Net Cash provided by (used in) Investing Activities		 152,281
69,487
(25,534)
--
163,102
50,000
(44,006)
--
196,234
169,096
Cash flows from financing activities
Repayment of Bounce Back Loan
Net cash provided by (used in) financing activities
Change in Cash and Cash Equivalents in the Reporting Period
Cash and Cash Equivalents at the Beginning of the Reporting Period
Cash and Cash Equivalents at the end of the Reporting Period
19A
19A		 (10,649)
(8,874)
(10,649)
(8,874
70,899
12,683
83,582
(144,339)
157,022
12,683

The notes on pages 27 to 38 form part of these financial statements.

GENERAL INFORMATION

Conway Hall Ethical Society is Charitable Incorporated Organisation registered with the Charity Commission in England and Wales under the charity number 1156033 and operating from 25 Red Lion Square, London, WC1R 4RL.

The Object of the Charity is the advancement of study, research and education in humanist ethical principles.

01 • ACCOUNTING POLICIES

(A) BASIS OF PREPARATION

The charity constitutes a public benefit entity as defined by FRS 102. 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), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value (including investments, investment properties and heritage assets). The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

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

(B) FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. These funds are held to finance both working capital and capital investment.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for specific purposes and to represent the value of heritage assets.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

(C) INCOMING RESOURCES

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Grant income is recognised once the above criteria have been met, together with any performance conditions attached to the grant. Grant income received is deferred only when the charity has yet to fulfill the performance conditions.

costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Entitlement to legacies is recognised in the accounts on receipt or earlier when there is sufficient evidence to provide the necessary certainty that the legacy will be received and the value of the incoming resources can be measured with sufficient reliability.

Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Gifts in kind donated for distribution are Charitable activities and Governance included at valuation and recognised as costs are costs incurred on the charity’s income when they are distributed to the operations, including support costs projects. Gifts donated for resale are and costs relating to the governance of included as income when they are sold. the charity apportioned to charitable Donated facilities are included at the activities.All expenditure is inclusive of value to the charity where this can be irrecoverable VAT. quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated (F) TANGIBLE FIXED ASSETS by volunteers. AND DEPRECIATION

Income tax recoverable in relation to Tangible fixed assets costing more than donations received under Gift Aid or £250 are capitalised and included at deeds of covenant is recognised at the cost including any incidental expenses of time of the donation. acquisition.

Venue hire income is recognised on the A review for impairment of a fixed day in which the associated booking takes asset is carried out if events or place. changes in circumstances indicate that the carrying value of any fixed Other income is recognised in the period asset may not be recoverable.

Other income is recognised in the period asset may not be recoverable. in which it is receivable and to the extent that the goods have been provided or on Shortfalls between the carrying value of completion of the service. any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts (D) DEFERRED INCOME are recognised as impairments.

Income receieved in advance is deferred to the period in which the associated services are provided.

Impairment losses are recognised in the Statement of Financial Activities.

Pianos are periodically re-valued for insurance purposes and the carrying value in the accounts is adjusted accordingly via an adjustment to accumulated depreciation.

Grant income is deferred when performance conditions attached to the grant are yet to be fulfilled. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight-line basis over their expected useful economic lives as follows:

(E) RESOURCES EXPENDED

Expenditure is recognised once there

is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Promotional Assets: 3 to 10 years

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CONWAY HALL ANNUAL REVIEW 2018STATUTORY FINANCIAL STATEMENTS

STATUTORY FINANCIAL STATEMENTS

(L) GOING CONCERN

The property is not depreciated due to the property having a fair valuation in excess of carrying value as detailed in note 14.

The financial statements have been prepared on the going concern basis as the Trustees believe that no material uncertainties exist.

The heritage assets in the accounts are capitalised and classed as such balances since the library contents, oil paintings and residual pictures hold historic/artistic importance etc and are maintained for their contribution to knowledge and culture. The Trustees annually value these in accordance with their insurance restoration valuation.

The Trustees have considered the future plans for the Charity, the level of reserves, cash flow, and the expected level of income and expenditure for a period of at least 12 months form the authorising of these financial statements.

The Trustees are satisfied that the Charity has sufficient reserves and cash available to enable it to continue to operate and, as such, consider it appropriate to adopt the going concern basis when preparing these financial statements.

(G) INVESTMENTS

Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.

The Charity has taken advantage of various UK Government Covid-19 support schemes available, including the Coronavirus Job Support Scheme, obtaining a bounce back loan, and various Covid-19 relief and recovery grants available from the local authority and Arts Council England .

Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.

The monitoring and forecasting of cash (H) PENSION COSTS flow, income, and expenditure continues as the Charity restructures and repositions The society operates a defined “post Covid”, and the Trustees and senior contribution scheme for the benefit of its management continue to investigate and employees. The costs of contributions are develop new fundraising activities. written off against profits in the year they are payable.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

(P) CASH AT BANK & IN HAND

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(Q) FINANCIAL INSTRUMENTS

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

02 • DONATIONS AND GIFTS

02•DONATIONS AND GIFTS
2024 [£]
Unrestricted [£]
Restricted [£]
2023 [£]
Individuals: general
DCMS and LA Funding
Trusts and Foundations
Crowdfunding Income
National Manuscripts Conservation Trust		 20,901
--
8,552
11,417
3,218
20,901
--
--
11,417
3,218
--
--
8,552
--
--
6,444
10,000
18,900
--
--
44,088
35,536
8,552
35,344

• In 2023, total funds of £35,344 included £18,900 in respect of restricted funds.

03 • INCOME FROM CHARITABLE ACTIVITIES

2023 [£]
2024 [£]
Sunday Concerts
Sundry Income
Membership Subscription (see note 5)		 36,806
838
51,902
41,121
5,766
63,491
89,546
110,378

All of the current and prior year balances above and in notes 4 to 7 inclusive relate to unrestricted funds.

(M) STOCKS

(I) OPERATING LEASES

Rentals under operating leases are charged to the Statement of Financial Activities incorporating the income and expenditure account on a straight line basis over the lease term.

(J) TAXATION

As a registered charity, the Society is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the Society, and is therefore included in the relevant costs in the Statement of Financial Activities.

(K) INVESTMENT PROPERTIES

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in ‘net gains / (losses) on investments’ in the SOFA.

Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slowmoving stock where appropriate.

(N) DEBTORS AND CREDITORS RECEIVABLE/ PAYABLE WITHIN ONE YEAR

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

(O) LIABILITIES & PROVISIONS

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

(R) CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

The estimates and assumptions that have a significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the next financial year are:

04 • INCOME FROM OTHER TRADING ACTIVITIES

2023 [£]
2024 [£]
Venue Hire
Catering Income		 704,196
47,158
789,373
61,601
751,354
850,974

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CONWAY HALL ANNUAL REVIEW 2018STATUTORY FINANCIAL STATEMENTS

STATUTORY FINANCIAL STATEMENTS

05 • MEMBERS SUBSCRIPTIONS AND PROGRAMME

05•MEMBERS SUBSCRIPTIONS AND PROGRAMME
2023 [£]
2024 [£]
Subscriptions
Partnerships
Ethical Matters Talks
Other Events		 7,155
20,270
23,018
1,465
7,945
32,656
22,763
127
51,908
63,491

06 • INCOME FROM INVESTMENTS

06•INCOME FROM INVESTMENTS
2023 [£]
2024 [£]
Interest and Dividends
Rental income		 279
162,823
195
152,085
163,102
152,281

07 • TOTAL RESOURCES EXPENDED

07•TOTAL RESOURCES EXPE NDED
Staff Other Direct Support Total Total
Costs [£] Costs [£] Costs [£] 2024 [£] 2023 [£]
Raising Funds
Events and Merchandising -- -- -- -- --
Venue Hire 396,534 -- 205,785 602,319 569,633
Charitable Activities
Provision of talks, concerts,
library & Publications 305,330 234,124 10,452 549,906 568,562
Governance 36,716 -- 12,720 49,436 43,661
Total resources expended 738,580 234,124 228,957 1,201,661 1,181,856

08 • SUPPORT COSTS

08•SUPPORT COSTS
2023 [£]
2024 [£]
Property
Office administration
Other
Governance		 169,513
45,221
18,457
10,800
181,500
24,285
10,452
12,720
243,991
228,957

9 • GOVERNANCE COSTS

2024 [£]
2023 [£]
Apportioned staff costs
Audit fee		 36,716
12,720
32,861
10,800
49,436
43,661

10 • TRUSTEES’ REMUNERATION & EXPENSES

10•TRUSTEES’ REMUNERATION & EXPENSES
AGM and SMT meeting expenses were as follows: 2024 [£]
2023 [£]
GALA, AGM and SMT expenses --
--
--
--

No Trustee received any remuneration or reimbursement of expenses during either the current or prior years.

11 • STAFF COSTS

2023 [£]
2024 [£]
Wages and salaries
National Insurance costs
Pension costs
Other staff costs – recruitment, training, ex-gratia etc		 554,198
45,750
20,863
46,220
642,794
55,597
28,114
12,075
667,031
738,580

There were no employees whose emoluments as defined for taxation purposes amounted to over £60,000 in either year.

The average number of employees, analysed by function, was:

2023
(number)
2024
(number)
Charitable activities
Raising funds		 14
13
27
15
13
28

There is no redundancy payments made during the year (2023: £23,962). These payments were determined based on the terms specified in the employment contracts and in accordance with the relevant employment legislation.

11a • KEY MANAGEMENT PERSONNEL REMUNERATION

11a•KEY MANAGEMENT PERSONNEL REMUNERATION
2023 [£]
2024 [£]
Salaries
Employer NI
Pensions
Travel		 219,596
24,572
10,980
--
235,846
26,720
11,793
--
255,148
273,909

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CONWAY HALL ANNUAL REVIEW 2018STATUTORY FINANCIAL STATEMENTS

STATUTORY FINANCIAL STATEMENTS

12 • PENSION COSTS

The charity operates a contributory pension scheme. It is a defined contribution scheme and contributions are charged in the statement of financial activities as they accrue. The charge for the year was £28,114 (2023 £20,863).

13 • TANGIBLE FIXED ASSETS

Included in Property is the cost of Conway Hall. The Trustees have not obtained an external valuation for the property but the re-instatement cost for insurance purposes is in excess of £10 million.

Venue
[£]
Promotional
Assets [£]
Pianos
[£]
Furniture,
Fittings &
Equipment [£]
Total
[£]
Property
Improvements
[£]
Property
[£]
Cost
At 1 August 2023
Additions
Disposals
At 31 July 2024		 51,658
--
--
66,472
--
--
44,786
--
--
599,305
20,734
--
951,615
25,534
--
137,806
4,800
--
51,588
--
--
51,658
66,472
44,786
620,039
977,149
142,606
51,588
Depreciation
At 1 August 2023
Charge for year
Disposals
At 31 July 2024		 27,300
5,658
--
61,571
1,791
--
34,786
1,000
--
439,612
34,730
--
608,667
49,317
--
45,398
6,138
--
--
--
--
32,958
63,362
35,786
474,342
657,984
51,536
--
Net book value
At 31 July 2024
At 1 August 2023		 18,700
24,358
3,110
4,901
9,000
10,000
145,697
159,693
319,165
342,948
91,070
92,408
51,588
51,588

14 • INVESTMENTS

14•INVESTMENTS
Cost B/fwd [£]
Cost C/fwd [£]
Rathbones Greenbank Investment Portfolio at 31/07/24 7,016
--
7,016
--
Investments at Cost
Disposals in
31 July 2024 [£]
Additions in
31 July 2024 [£]
Market Value
B/fwd [£]		 Change in
Market Value[£]
Market Value[£]
C/fwd
Rathbones Greenbank
(69,487)
--
69,937		 (450)
--
Investments Disposals Note Total Market cost [£]
Disposal proceeds
Less Market Value Cost
Gain/(Loss) on disposal		 69,487
(7,016)
62,471
Investments at fair value compromise: 2024 [£]
2023 [£]
Listed equities - held in UK
Securities
Cash within Investment Portfolio		 --
--
--
68,781
--
1,156
--
69,937

15 • INVESTMENT PROPERTIES

[£]
Investment properties held at valuation as at 1 August 2023 3,727,500
Additions in the year --
Disposals in the year --
Revaluation --
Investment properties held at valuation as at 31 July 2024 3,727,500

The investment properties were valued on an open market basis by Dillon Callum, an independent surveyor, on 28 July 2023.

16 • DEBTORS

16•DEBTORS
2023 [£]
2024 [£]
Trade debtors
Legacies
Prepayments and other accrued income
Other debtors		 110,320
2,280
27,836
2,428
76,060
2,280
34,464
2,239
142,864
115,043

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CONWAY HALL ANNUAL REVIEW 2018STATUTORY FINANCIAL STATEMENTS

STATUTORY FINANCIAL STATEMENTS

17 • CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

17•CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 [£]
2024 [£]
Trade creditors
Venue Hire paid in advance
Rent paid in advance
Talks, partnership sales, and other deferred income
Audit
Bounce Back Loan (note 18a)
Other creditors accruals and deferred income		 38,659
210,378
6,875
--
10,800
10,035
18,722
35,367
255,716
7,625
1,901
12,720
10,035
8,792
295,469
302,156

18a • CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR

a•: U U 2024 [£]
2023 [£]
Venue Hire paid in advance
Bounce Back Loan		 2,115
8,225
4,405
18,874
10,340
23,279

The Bounce Back Loan represents a loan of £50,000 received as part of the UK Government's coronavirus financial support offering. The loan is due for repayment in May 2026 and interest is accruing at 2.5% per annum.

18b • DEFERRED INCOME

18b•DEFERRED INCOME 2023 [£]
2024 [£]
Deferred income b/fwd
Released in the year
Deferred in the year (see note 26)
Deferred income c/fwd		 206,299
(205,043)
220,402
221,658
(217,253)
232,952
221,658
237,357

Deferred income represents grant income received in advance of associated performance conditions being completed as well as venue hire and rental income received in advance.

19 • RECONCILIATION OF NET MOVEMENT IN FUNDS

FROM OPERATING ACTIVITY 2024 [£] 2023 [£]
Net Movement in Funds (as per the Statement of Financial Activities) (44,390) (59,057)
Adjustments for:
Depreciation charges 49,317 47,024
Loss on disposal of fixed assets -- --
Dividends, interest and rents from investments (152,281) (163,782)
Loss/(profit) on the sale of fixed assets -- --
(Increase)/decrease in Market Value of Investments 450 6,797
(Increase/decrease in Market Value of Investment Properties -- 90,250
(Increase)/decrease in Heritage asset valuation -- --
(Increase)/decrease in Stocks -- 4,247
(Increase)/decrease in Debtors 27,821 (37,057)
(Increase)/decrease in Creditors 4,397 (12,483)
Net Cash Provided by (used in) Operating Activities (114,686) (304,561)

19a • ANALYSIS OF CASH AND CASH EQUIVALENTS

19a•ANALYSIS OF CASH AND CASH EQUIVALENTS
2024 [£] 2023 [£]
Cash in hand 83,582 12,683
Notice deposits (less than 30 days) -- --
Total Cash and Cash Equivalents 83,582 12,683

20 • OPERATING LEASE COMMITMENTS

At 31 July 2024 the Society has annual commitments under the non-cancellable leases as follows:

2023 [£]
2024 [£]
Not later than one year
Later than one year and not later than five years		 1,698
--
--
--
1,698
--

21a • STATEMENT OF FUNDS • 2024

21a•STATEMENT OF FUNDS•2024 21a•STATEMENT OF FUNDS•2024
at 31 July
2024 [£]
Income
[£]
at 1 August
2023 [£]
Expenditure
[£]
Transfers between
funds [£]
Gains /
(losses)[£]
Unrestricted funds:
General reserve
Revaluation reserve
Designated funds
Heritage Assets
Total unrestricted funds		 205,294
3,727,500
--
401,120
1,149,169
--
--
--
249,684
3,727,500
--
401,120
(1,193,109)
--
--
--
--
--
--
--
(450)
--
--
--
4,333,914
1,149,169
4,378,304
(1,193,109)
--
(450)
Restricted funds:
Benevity Donation
Vaughan Williams
Cockayne Grant
Total restricted funds		 --
--
--
7,552
1,000
--
--
--
--
(7,552)
(1,000)
--
--
--
--
--
--
--
--
8,552
--
(8,552)
--
--
Total funds 4,333,914
1,157,721
4,378,304
(1,201,661)
--
(450)

The General reserve represents the free funds of the charity, which are not designated for particular purposes.

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CONWAY HALL ANNUAL REVIEW 2018STATUTORY FINANCIAL STATEMENTS

STATUTORY FINANCIAL STATEMENTS

21b • STATEMENT OF FUNDS • 2023

21b•STATEMENT OF F UNDS•2023 UNDS•2023
at 31 July
2023 [£]
Income
[£]
at 1 August
2022 [£]
Expenditure
[£]
Transfers between
funds [£]
Gains /
(losses) [£]
Unrestricted funds:
General reserve
Revaluation reserve
Designated funds
Heritage Assets
Total unrestricted funds		 249,668
3,727,500
--
401,120
1,020,446
--
--
--
398,991
3,637,250
--
401,120
(1,162,956)
--
--
--
--
--
--
--
(6,797)
90,250
--
--
4,378,304
1,020,446
4,437,361
(1,162,956)
--
83,453
Restricted funds:
Sunday Concerts
Arts Council Fund
Vaughan Williams Grant
Cockagne Grant
Total restricted funds		 --
--
--
--
--
2,900
1,000
15,000
--
--
--
--
--
(2,900,)
(1,000)
(15,000)
--
--
--
--
--
--
--
--
--
268,306
--
(268,306)
--
--
Total funds 4,378,304
1,039,346
4,437,361
(1,181,856)
--
85,453

The General reserve represents the free funds of the charity, which are not designated for particular purposes.

22b • ANALYSIS OF NET ASSETS BETWEEN FUNDS • 2023

22b•ANALYSIS OF NET AS SETS BETWEEN FUNDS•2 023
Restricted Endowment Designated General Total
funds [£] funds [£] funds [£] funds [£] [£]
Fund balances at 31 July 2023 are represented by:
Investments -- -- -- 3,797,437 3,797,437
Heritage assets -- -- 401,120 -- 401,120
Tangible fixed assets -- -- -- 342,948 342,948
Cash and bank deposits -- -- -- 12,683 12,683
Other current assets -- -- -- 142,864 142,864
Current liabilities -- -- -- (295,469) (295,469)
Non-Current liabilities -- -- -- (23,279) (23,279)
-- -- 401,120 3,977,184 4,378,304

23 • RELATED PARTY TRANSACTIONS

During the year, donations and membership fees from Trustees totalled £575 (2023: £520). No restrictions were attached to these amounts.

Except as disclosed above and elsewhere in these financial statements, there were no transactions with related parties in either the current or prior years requiring disclosure.

22a • ANALYSIS OF NET ASSETS BETWEEN FUNDS • 2024

Restricted Endowment Designated General Total funds
funds [£] funds [£] funds [£] funds [£] [£]
Fund balances at 31 July 2024 are represented by:
Investments -- -- -- 3,727,500 3,727,500
Heritage assets -- -- 401,120 -- 401,120
Tangible fixed assets -- -- -- 319,165 319,165
Cash and bank deposits -- -- -- 83,582 83,582
Other current assets -- -- -- 115,043 115,043
Current liabilities -- -- -- (302,156) (302,156)
Non-current liabilities -- -- -- (10,340) (10,340)
-- -- 401,120 3,932,794 4,333,914

24 • HERITAGE ASSETS

24•HERITAGE ASSETS
[£]
Library Contents held at valuation as at 1 August 2023 344,000
Oil paintings, residual pictures, Little Wing and Bust of Moncure Conway held at valuation as at 1 August 2023 57,120
Total of Heritage Assets 401,120
Additions in the year --
Disposals in the year --
Revaluation --
Heritage Assets held at valuation as of 31 July 2024 401,120

The Trustees consider there to have been no revaluations in the year following research regarding market values as at 31 July 2024. All heritage assets were last subject to professional valuation during the year ended 31 July 2022.

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CONWAY HALL ANNUAL REVIEW 2018STATUTORY FINANCIAL STATEMENTS

STATUTORY FINANCIAL STATEMENTS

25 • FINANCIAL INSTRUMENTS

25 • FINANCIAL INSTRUMENTS• FINANCIAL INSTRUMENTSFINANCIAL INSTRUMENTS
2024 [£] 2023 [£]
Financial Assets:
Measured at fair value through net income / expenditure:
Heritage assets (see note 24):		 401,120 401,120
Investments (see note 14) -- 69,937
Investment properties (see note 15)
Debt instruments measured at amortised cost:		 3,727,500
4,128,620		 3,727,500
4,198,557
Cash at bank and in hand (see note 19a) 83,582 12,683
Short term deposits (see note 19a)
Trade debtors and venue hire arrears (see note 17)		 --
76,060
159,642		 --
110,320
123,003
4,288,262 4,321,560
Financial Liabilities:
Measured at amortised cost:
Venue hire paid in advance < 1 year (see note 18) 225,716 210,378
Venue hire paid in advance > 1 year (see note 18a) 2,115 4,405
Rent paid in advance (see note 18) 7,625 6,875
Talks and Partnerships tickets paid in advance 1,901 --
Bounce Back Loan < 1 year (see note 18) 10,035 10,035
Bounce Back Loan > 1 year (see note 18a) 8,225 18,874
255,617 250,567

W H ERE E THICS MAT TER

PHOTO CREDITS

Christopher Andreeou - front cover, back cover + pages 4, 7, 8, 9, 10, 11, 13, 14, 15, 17, 18, 19, 21 Breaking Convention – pages 3, 13 Alavari Jeevathol – page 4 Dan Evans – pages 4, 5, 6, 7, 9, 10, 19 Stuart Keegan - pages 5, 10, 13, 18 Sharon Agricole – page 7 Prisha Tiwari – pages 7, 19 Glenys Adelusi – page 8 Maddy Goodall – pages 8, 19 Piers Allardyce – pages 8, 9, 11, 13, 15 Jeff Davy – pages 8, 9, 10, 12, 14, 15 Drii Francisco – pages 11, 18 Freya Barrass – page 12 Keetie Roelen – page 12 Hanson Leatherby – page 13 Lucy Macieira – page 15 MVT – page 15 Jenn Lee Fashion Show – pages 18, 19

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From the production of Turandot at Conway Hall, in partnership with the eld London Performing Academy of Music