REGISTERED COMPANY NUMBER.. 119098614 IEngl8nd and Wales) REGISTERED CHARITY NUMBER.. 1158505 ur￿dited Financia The Fm WalkerT Grays AccountsnLS Lld Chartered Accountsnts Kin85 wo￿5 Kin8s Ro&1 Teddington Middlesex TWII (QB •AAE28NIZ* 2W09r2021 COklPANIES HOUSE lllll TheE ntenis of the Financial St* f hey arEnded31 Rewrt of the Tnmees I to 2 Independent Examinerfs Re￿rt Statementof Financial Activities 8alan¢¢ Shttt Notcs io the Financial Slatcm¢nts 7 to 13 for the Year The truAees who are also direrting by Chariiies.- Stsiemeni of ReLY)mmended PraLxice appIl￿ble to chariibes prq)arin8 their accounLS in #cu&réanre with the FinaTrcial R¢p)rting Siandard at4)licable in the UK and R￿blIC of IrelaThl IFRS 102} leffeaive l January 20191. A fvll knvst¢e5 ry)rt is included with these financial sthrnis &$ A￿￿[￿j1X A. SfRUCTURE, GOVERNANCEAND MANACEMENT Coverning documetsl The charity is controlled by its 8overntn8 thumtmt. a deed of truA. and co[￿lt￿te5 a limited compmny. limiioj by guarnntee, as defined by the Comrrdnies Ad 2￿kn. REFERENCE ANDADMif41STRATIVE DETAILS Registtrtd Company number 09098614 IEn8land and Wale51 RegisteTed Ctharity nurnber 1158505 R¢gisteTtd office 7 Hammersmith Terrace London W6 9TS Trusttts M Hall Joumali5t & Editor Ire5i8ntd 27.11.20) Mr5 A F Clarke Retired Ms A Dawson mU￿￿m Curator R A Evan5 Retired P A Eyre5 Nh5 AdThinistrator Mrs A Thome Ar¢hi¢eu {resiB[￿d 27.1.211 M5 T J Wild Curator Miss S M Wyndham Writcr And Researcher Dr J Hobson Research m￿a8¢r and Fundrai%r M K Donnelly Curaior H G Belsey Art Hi5toriaTh {aprx)inted 27.11.20) Ms K Y Butti lapFointed 19.7.21) Ms E Le%vendon Museum Curator lappointcd 27.1120) M P Levy lappK)iThl¢d 8.7.211 Comp*ny Secrr¢8ry M5 C M Mcmthon P38e I TheEm Walker Trusi istue 8614 REFERENCE AND ADMINISTRATIVE DETAILS lodeptDdeDt Examintr Andrew Yate5 FCA ICAEW Grays Accountsnts Lid Chartered Accowitants Kings Work5 Kings Road Teddingron Middlesex TWII OQB Approved by Order ofthe b￿d of tru5*e5 on 24 SeMember2021 *)d sigrtd on its behalf by". HGB¢l . Tru￿Ce Page 2 Ih Indep¢thdent exarniner's rtport to the trustees of The Emery Walker Trust rthe Company'l I rtport to ihe charity trustee50n rny Gxarnirwrion of the xeounts of the Company for the ytarerthd 31 DecemtrKr 2020. Ruponsibilities And b￿15 (trf report As the charity's rrusw of the Company (8nd also its di￿*￿5 for the WrrA)S￿ of CoM￿Y law) ylmt are T¢Stthsible for the pr¢p8Nion of the accounts in aC￿rdanLx Wth the TequiremenLS ofthe ComtAnies 21m161.the 20(￿ AcV}. Having satisfied myself that the &¢ounts of ihe Company wuired to ￿ audi*d undtr Part 16 of the 2(w)6 Aa and are eligible for indeprndent uaminaiim, I rep)rt in Tesm of my exarnina¢ion of your th•tbty'S acLy)unts as ¢arri&J out undet seaion 145 of the Charities Act 2011 {the 2011 A¢fi_ In catrying out rny examinatiort I have followed the Di￿110ftS givett by the Charity Commission under section 145151 Ibl of the 2011 Aci. IndepeThd¢Di ¢xAmtner's $tatemeDt I have completed my examirÈation. I confirm that no mat*rs have come to my aiienlion in connecuon with the examination 8ivin8 m¢ cause ￿ believe.. aLxounting records were not kw Sn res￿￿ of ihecompany re¢wirryJ by seciion 386 of the 2(KKTr Act. or the accounts do N)t accord with r¢cord& or thc accounts do not ¢omply the a¢¢ounting requirements of Sttlion 396 of the 2(KI5 Ad other than any rquirement thai the accounts give a true and fairview whith is not a mailer Consider￿1 as part of an in(k￿ndent examinatton" or the accounts have not been wep￿ed in atcordanct with the methods and pnnoples of tht Stsiemeni ol Rth)mmended Prdctice for aetountin8 and rerKJrtin8 by charities {appli£2blt to charilits PT9xfin8 their ￿lUnts in accordanct with the Financial RerxMtin8 Stsndard appliL3blt in the UK and Rewblic ofireland IFRS 1021). I have no concerns and have come tm) other maiiets im ¢onne¢t￿n with the examination to whi¢h attth¢i(>n should be drawn in this rep￿ in ¢)rdeT to enable a woper undeTswidtrtg of the to Ix rea¢h)J. Andrew Yale5 FCA ICAEW Grays AiYwntartLS Ltd Chartercd Attoun¢3rtts Kings Works Kings Road Teddington Middlesex TWII OQB 24 Sepiemkr 2021 Page 3 Walk rT f Finan f r the Year Ended 31 Decemt*r 2020 31.12.20 Total 31.12.19 Total funds Unre5trithd fund R￿tr1ded nd NO￿5 INCOME AND ENDOWMENTS FROM t)onation5 and leg¥ies 51J26 6,686 58,012 21,672 Other trading ¥¢iviii¢s IDvestmeni in¢om¢ Other income 319 23.065 4.423 319 23,1%55 4,423 6.612 51,448 4.￿0 Totxl 79.133 6,686 85,819 83.732 EXPENDITURE ON Raising funds 69.195 6.686 75,881 46243 NET INCOME 9.938 9,938 37,489 RECONCILIATION OF FUNDS Total funds brought fornard 1,567,164 1567,164 1.529,675 TOTAL FUNDSCARRIED FORWARD I,i77,102 1,577,102 1.567.164 The fomi part of th¢se fin¥¢ial swements Pa8e4 14 31.12.20 To&1 fun(t% 31.12.19 Tothl fund5 UnreATiCt fund R¢strirted fvnd Notes FIXEDASSETS Herltage assets 1,141.(KXI 1,141.1)00 1,141,000 CURRENT ASSETS Sto¢ks D¢biors Invesimenis Cash at bank 1.051 3240 317,130 146J69 1.051 3.240 317.130 146J69 I,osi 5,179 308.918 167.895 10 467.7 467,790 483.043 CREDITOILS Amounts falling due within one year 12 (31.688) (31.688) (￿,879) NET CUIiR£NT ASSETS 436.102 436,102 426,104 TOTAL ASSETS LESS CURRENT LIABILITIES .577.102 ,577:102 l567:164 NET ASSETS ,577.102 1.577.102 l 567,164 FUNDS Unre5LTiCt¢d funds 13 1.577.102 1,567,164 TOTAL FUNDS 1,577.102 1567,164 The charitsble company is entitled to cXemTAiC￿ from audil uthler ￿10￿ 477 of the ComF*nies AL% 2(X16 for the year ended 31 December 2020. The members have not reguited the L¥)mrony to oEtsin an •Jdii of its rinwKl￿ f(w the year en(kd 31 Decemt£r 2020 in ordante with Seclion 476 of the Comrrdnie5 Aa 21K￿. The trt￿te5 ackrxTrwled8e their res￿SIbilitieS for la) en5urin8 that the charitable wmrAny keeps *¢ounting reco￿$ 0)m￿Y with SeL*ion$ 386 and 387 of the Companies Act 2006 and rNewn8 financial sthtements whith give a true and fair view of the yale ol affairs of the charitsble company as at the end of ¢ach finaneial year and of its surplus or defirit for exh financial year in ac¢ordanee with ihe requiremen15 of Section5 394 and 395 and which Jherwise Comply with the requirernents of the Companie5 A¢L 2Tr)6 relatin8 to financial strtemen￿. so far as applicable to the ¢haritable company. (bl The notes form part of ¢hese finan¢i•l PaBe 5 continued... The Eme dnum 8614 . continu mber 2 Tht5c fIr￿￿￿al statemcnts have been in XC0rd￿ ilK provts1￿￿ appli¢*le LO charitsble companies Subject ￿ the small companie5 rcgirnr. The fJnan¢ial swements were apprnved by thE Btsard of TrLtstr£S and authorised for i55uc on 24 Septemkr 2021 and We￿ signed on i beh￿f by.. HGBe . Tn￿￿¢ The T¥￿¢9 form part of th¢se fitwKia] Yakments No fo meni l Decem 2020 ACCOUNTINC POLICIES Basis of prepari￿% the finantl*l ￿tements The tinancial staiements of The ¢haTitsble Comkwy. whi¢h is a pJblK benefii entity undEr FRS 102. have ite# prepa￿1 in eordance with the Chariiie5 SOIiP IFRS 1021 'A¢￿untIng and Rep)rting by Charitie5". Statrment of Rewrnrnended Prtaice applicable ￿ chariiics preparing their xcount5 in xcordan¢e ivith the Finaneial Re￿rtIng Stsndard applicable in the UK and Republic of Ireland IFRS I￿1) leffe¢tive l January 20191.. Firtancial Ryrting Stath 102 The Financial Rtw)rting Stsndard appltcablt in the UK and Ryibli¢ of Ireland and the Companits Act 21M)6. The financial statements have be£n prepared under the historical c05t convention. Income All income is rectsgnised in the StaLemenL of Financial Artlvjlies once the charity h&s entitlerncnt to the fun¢M it is wobable that the income will TttCiv￿ and the omwnt ¢art be measurèj reliably. EApenditur¢ Liabiliii&% are recognised as ¢xwditure &s %M)n &% there is a legal or Conthciive obligalion commiiiin8 th¢ ehartEy to that t￿p￿dIlure. it is prob2ble thai a transfer of ecor￿MiC tr*nefits will be rtyuiTed in sellI￿ent and the •nount of the obli8aiion tan be measured reliably. ExFtndiiure is account￿1 for on an ¥cruais basis and has been clwified under headings that aggre8aie all a)si rdawl to the category. Where cost5 (*nniK be dI￿¢11Y aUritwi￿ ￿ partiwlar headin8$ they have been alloca¢ed 10 aciivities on a trASiS eonsisieni with the use of rv4Jurce Heritage assets The property. 7 Hammcrsmith Tenace in prior yea]5 was originally vall￿￿ for at £I.4(K).(￿ and deprecia*d over 50 years a5 a FTtthold Property. However, the thision w&s tsken in 2010 10 reCI￿lfy the propffty &$ a htritage asset. This was due io the property rnetting the Ikfinilion of the 2￿)$ Charilits SORP for bein8 a heritsge asset. rKbtsbly thai 7 Hamrntrsmiih Terrdce is of historiLzI and artistic im1￿2￿ce and is held to advance prestTh*iion. consovaiion and educational obj'ectives of The Em¢ry WJker Trust throu8h public x¢tss. ￿TrIn￿J1£S ￿ the I￿tion'S cuItUT¢ and ducatioD. The asset was thus brought inio the Charily fec()rds (in the name of the Tnrt whith i5 the wrnpany's F¥ede¢essorl, at its nei IhJ)k value at l (kLOt¢r 2(K)9. 11 was and is considered impracti￿1 to apply convcniional valuatitsn te¢hniqutt io the property due ￿ ils unique natLrt. The assel is 1krrtc1a￿J. This tK)licy and the &55et value arising has been ¢OnlinuaJ the transfer of th¢ a$5a from th¢ Trust to the eompany in January 2015. Other than &8 Sd out atove, the irolirnable ar￿ hiswric of the TnLSt have rK)t capi￿1$ed or depreciated as no reliable value atiributc Stocks SIoL*s are valued al ihe lowerofcoy and na realisable value. after m8kin8due allowance foritholete and slow moving 7￿M$. Taxation The Charity is exemo fTom Cott￿lI0n tsx on ILS charitAble ￿1Vities. Fund Unrestricted funds can k used in aco)Jkn with the charitsble obJ'¢iive5 at the discretion of the tru5tee5. Restricted fuThJs can only tr£ l￿ed for FMrti(¥lar reskn¢￿ pwp)ses within the obje£ts of the charity. Restriction5 arise when srEcifitd by the donoror when funds are raised for p￿I¢v78r reyri¢ted kMJrw6¢s. Page 7 ctsntinued... io the Financial Ststemenis- contin1￿d r the Year Ended 31 De£ember 2020 ACCOUNTINC POLICI&S- tfjttt1tt￿¢d Fund accounting Further cxplanation of the n*urt purywof eath fwKI is included in the rK>trs kn ihe financial staternents. iyrHER T114DINC ACTIVITIES 31.1220 31.12.19 Shop income 319 6.612 INVESTMENT INCOME 31.1220 31.12.19 RenLs received Ga1￿70s5 on w)rtfolio Depw)5il a¢¢ount inierest Dividends 13.401 10,502 31,207 96 9.(AJ 56 23.(h55 51,448 NET INCOMFJ{EXPENDITUREI Net int0mellex￿dilweI is aft￿charg1nPJ(credIting). 31.1220 31.12.19 Su￿luS0n di$ws81 of fixed assets (4.423) {4,0001 TRUSTEES. REMUNERATION AND BENEFITS There were no tru#ees' remurterntion benefits for the year cnthd 31 2020 ry)r foT the year etKi&J 31 DEc¢rnb¢r 2019. Trwte¢s' ¢ip¢nsts There were no trustr¢s' ¢Xkxrws paid for the yegrerthj 31 Decem￿ 2020 for the year 31 De¢•nkr20I9. o)ntinued... Fin ded tstem l Dtremter 2020 STAFF COSTS The aver4ge M￿thlY numtwof cmploytts durin8theytar &s follo￿.. 31.12.20 31.12.19 Administrative No employees reteivtjj emoluments in ex¢essof£6o,1￿. COMPARATIVES FOR THE STA TEMENT OF FINANCIAL AcfiviTIES UnTe5tricted fund Restricted fund Total funds INCOME AIYD ENDOWMENTS FROM Donations and legacies 21.432 240 21,672 Othertrading activiiies Investmeni income Other incoffle 6,612 51,448 612 51,448 Total 83.492 240 83,732 EXPEf4DITURE Oly Raising ￿ndS 46,(M)3 240 46243 NET INCOME 37.489 37,489 RECONCILIATION OF FUNDS Total thnds brought forward 1,529.675 .529ffj75 TOTAL FUNDS CARRIED FORWARD 1,567.164 1,567,164 Lx)niinued... Notes to the for the Year Ended 31 Dec rnb¢r 2 20 HERITACE ASSETS Total MARKETVALUE At l January 2020 and 31 Dttembtr2020 1.141,0( NET BOOK VALUE Al 31 Decem￿ 2020 1,141,0 At 3 l DecemEve areas folloms: Incorning Movement in funds expended UnrestrA¢ted funds General fund 162,625 1115,1981 47,427 Rt5tritted funds Rellric*d fund 6.926 16,926) TOTAL FUNDS 169.551 1122,124) 47,427 14. RELATED PARTY DISCLOSURES There were no related rArty trnrtsaciions forts* yeat o)ded 31 2020. Page 13 APPE 'REP RT ANDA TS THE EMERY WALKER TRUST Charity No. 1158505 Company No. 09098614 TRUSTEES, REPORT FOR THE PERIOD I" JANUARY 2020 TO 31st DECEMBER 2020 THE EMERY WALKER TRugr Twstee6' Report for the period I" January to 31" December 2020 REFERENCE AND ADMINISTMTIVE DETAIIS The Emery Walker TLIJSI LS % rew5tered chxriry (1158i05) and eharitable company b"¢nited by guarantee (OW8614). TrusteeslDitectots as at September 2021 Hugh Belsey (from Novembet 2020) Chjir Kxren Butti (from July 2021. nomini￿d by The Art.Workets' Guild) Angela C12rke MBE Ajleen Dawson FSA (nominaied by the British Museum) Max Donnelly (nominaied by the Victoria & Albert Museum) Tony Evans P.Andrew Eyres CG James Hobson Martin Levy 'Elena Lewendon Tessa Wild Samanth2 Wyndham Vice-chait Vice-Ch2ir Treasurer (frimi July 20?1, nominxied by the Soaety of An0q￿ries} (from November 2020) Secretary Kate Mcmahon Curatot- job share Helen Euetson Mallory Hortiu House Manager Mallory HorrAU Academic Cutatot Dr Aileen Reid (retired) Professional Advisets Bankers CAF Bank Limi¢e4 West MxUtn& Kent ME19 4TA Co-operdtive Bank plc, l Balloon Street. Minchester. M(A) 4EP Legal Advisers Russeu Cooke Soljotors. 2 Putney HdL tDndon. SWIS 6AB Investment Advisets J M Finn & Co.. tDndon EC2R STA Independent Examiners and Accountants Grays Accounranrs Lid, Chartered Accountxnts. Tedth"n8ton TWII OQB Contact Details 7 HAmmersmirh Terxace. iDndon W6 9TS Telephone.. 020 87414104 Website: www.eme[￿Ikt[.0rg.Uk The above details cottect as at Septembtt 2021 THE EMERY WALKER TRUST Trustees, Report fot ihe petiod I" January to 31V December 2020 Jnitoduction The TrLJStees present their report rogether with the financial statements OF the chanty fot the Financial YeAr Fro￿ 1st january 10 31" December J? 20. In doing so. they h2Yt 2dopted the provisions OE the "Charities SORP {FRS102)" This is the fourth Twstees. Report atld Annual Account5 for The Emery Walker Trust iri its newly consttttkted Forn as a Company Limited by Gu%r2nttt. Following a decision in November 2014 by The Emery Walker Ttust Ttustees. ill the Assets And ￿abl￿￿eS transferred to the new Emery Walker Tnjsl charit2ble comp2ny from the fonner The Emery Wa]k-er Tn]st (Chariry Number 1080438) from 31st December 2014. Background Sir Emcry Kvalker (1851-1933) was a pioneeung engrnver. printer *nd rype desiEner. A close friend 06 W￿l￿M Morris, with whom he couaborated at the Keim5COtt Press, he was an important and influentixl member of the Arts & CrAft movemenL With T J Cobden-sanderson Sir Etnery Eoun(kd the Doves Pre55- onc OF the m05t itnportant private presses OE the period. He lived xt No. 7 H*mmetsmith Tettace for the ]2st ?5 yeats of his life. Sir Emery's dxughter, Dorothy, conrinued io ￿ve in the budding after her f21hee5 death. She did not aiier in a material way either the inienor decoratson or the fUrnIs￿"ngs. In 1948, 1 young Dutch woman, Elizabeth dc Haas. ioined the household as ￿"s$ WAlket's companion. Dorothy WxlLer died in 1963 and left the bu]k of her Estsre co ￿"s5 de Haas. Ehzabeth de Haas was detem)ined to retain the house And its conients un21iered 2s a memorial 10 Sir Emery and hts daughter and to the Arts & Ctxfts movement. By %nd latge she succeeded in her ambition xlthough the bulk of Sir Emery's ￿brary wa5 501d to Cheltenham Borough Counol in 1994. The imporr8t)ce of No. 7 HammetyD)ith Tetrace hes in the fact thar its decoration 2nd thc contents (the furniture, pictures. sculptures and teiules) were put together by Sir Emery W%lker and reflect both lu"s taste and thar of h"Js Colleag￿e$ in the Arts & C￿ft5 Movemeni and that it has remained largely unaltered sinee the 1920$, unhLe m•ny of the other houses in Btitsill 25SOCi2ttd with the artistic and creaixve life of that penod. Consiiwtion The Emery Walker Trust As a regtstercd chatity (1158505) set up by the late bliss Ehzabeth de Haxs. Miss de H22s Ih"ed on 17 June 1999. She bequeathed to the Trust the grearer pan of her Est•te fftcludmg the freehold of No. 7 Hxmtnusmith Tenace and the associated collection OE textiles, painungs, drawings, Eurniwre, book5 xnd other objecrs #ss¢xi#ted with Sir Emery Walket and the Arts & Crafts movemenL The Tnjst was origmally constituted by % Trust Deed and was entered upon the Central Register oEChArities on 26th Aprd 2000 (chxtiry numbtt 1080438). The Chariry was re-rwstered ivith the Chanry Commission on incowrnuon as a ch￿Itable company Is The Emery Walker Trust on 9" September 2014. Trustee5/Directors The Trnsr Deed provides for a minimum of three tnJstee5' but no maximum number. A5 set out in the Arucles OF Associauon six Trustees may be nominated Erorn named nominating bodl'es as follows" The A¢t worke￿ Guild. The Society for the Protection oEAncient BuildJ"ngs. The VictonR & Albert Museum, The Vicroiiin Sociery, The s(￿lery oEAntiqu2ries OE London and The Brirish Museum. An Anth"vidu#l $0 nominated is a Twstee in kn"s/her own nghL she/he is not A representative of the nomin2ting l)cAy. THE EMERY WALKER TRUST Ttusiees, Report for ihe period l- January ¢0 31" December 2020 Tru6tee8/Directors (contiAu¢d) TDJStces who Served as DAre¢¢ors during the perityj From I" J2nu2ry to 31" December 2020 ivere,. Michad HalL Chair. (Nomin2ted by the Sociery ofAntiquaries oELondon. untd November 2020) Hugh Belsey {Erorri November 2020) Ange￿ Clarke Aileen Dawson (Norninated by the British Museum) Vice Chair Max Donnelly (Nominated by the V&A) Tony Evxn5 P. Andrew Eyre5 James Hobson Elena L*wendon (from November W?0) Anne Thotne (ftominated by the Art Wotkers Guild) Tessa Wild S2mantht Wyndham Chair Vice Ch2ir Trtssuret Chair of the Emery W*lke¢ Trust Trusiees chael Hall w2s ChaikpeESOR untd Novetnber ￿20 when he was replaced by Hugh Belsey. New Trustees When a nominA¢ed trustee retires from the ttustee bdy. the mistees review Inforn￿lly the Sk￿$, Lnowlcdgt 2nd experience represented withjn thetr number an(L where a gAp is idcnllfied, the tru$iees invite the nomin2llng body to Propose an ithdL"vidual with the approprixte skn"lls, knowledge or expenence. In addL"uoo Erom time to time, the twsiees c2ny our sllnQar review5 and. where 2ppropri2te, 2ttempt to recruit an approprixte inth"vidual Is an Adth"uonal tnLStee either From personal knowledge, or by usu)g the services of one of the nor-lor-pro61 organts#tions that assist charities ￿7th tW5tee rccrLUttnent or by advertisement. New t￿Slee5 2rt m2de 2wAre oEthe hi5COIy of the Trns¢ its activities aftd thrir responsAbditie5 as charity trustees by the Chair and the Curaror. They receive a copy of the Tru5rfs most ttcent Annual Report and Fin2nci21 Statement5 as well 2s printed material about the Tru$4 Emery Walker and his work, No. 7 Hxmmetsmith Tettace and the collectson. Dults￿ 2020 No new Tn￿tees. Hugh Belsey and Elena Ltwendon, were appointed in 2020 2nd there wxs one resign2ti0o Michael HAU. Two further T￿$￿te$ have 5ubsequendy been 2ppoinied in J￿lY ?O?I, M2rtin and Katen BLtCb. TtUStee ffleetin￿ and Governance Duiing the period under review. the tnjsiets Met as D￿ecto￿ Eornially on five occasions. These meetings xre Also attended by a representallve of the volunteets. the CuyAtor. the House Minager 2nd the Academic Curaror. In additioTr. the trnsiees meet alone when it is apptopriate so to do. Since 2011 K#te Mcmahon. a volunttet. has acted as Company Secretary 2nd minured the tnjstee eetings. The trustecs are indebted to her for the prompL ¢aCtfi￿ and effiuenr way in w￿.Ch she tecord5 theLr proceedings. Kate 21s0 ensures that the Tn]st's tecords are maintained Ai Comp2nies House and ai the Chariry Cotnmission. In(iividual trustees visit the house or meet with the House Manyt. the Curator and the volunteets on a regular b25is in connection with the marlagement OE the Ch￿lty. the conserwaiion and th"splxy of the collecuon. as well as the visitor progrimme. THE EMERY WALKER TRUST Trusttts, Report for the period I" January 10 31# December ￿J￿• Management The Curator And House Manager report th"rectly to the Twstees through the Chair. £q)oning OE operatsonal Matte￿ is dekgated to the Vice-chair. A wide range of dea510ns about the day-tO- day management OE the house, the collection and the opening arrangement5 h2Ye been delegated to staff 2rAd the volunteer te2m. 2020 ha5 seen turther changes in the management atrAngements tt Ewf. Hden Elletson returned from het matetniry le2ve in October 20?0 to take up a shared role with Mallory Hottill as joAnt CurArors of the Trusr, whlle Mallory retAined her role as House M2nager following her appointmeni in February 2019. Dunng 2109 and 2020 Mallory ptovided interitn cover for Helen'5 Cur2tor role with support from AAlttn Dawson. Adth"ts0n￿ support h2s also bttn appoinred to undertake speafic tssks ind assignments over recent years. mosdy relating to the tsnd Crnfv HLmpmturThi¢b projecr in parrneiship with tlie KVJlb"am Morris Sociery. Luond2 macPh￿SOn was employed by Ewfas part oEthe Atts and Cr2fts Hammersmith Project Team. along with A rxnge ol colleague5 employed through the W]￿.￿M Morris Society. Lucinda h¥s subsequendy been contracied to provide communications ar)d m2rketing support Eor Ewf for one day a tnonth Erom March 2018. The trustee5 remain indebted ro Helen. M2110ry and t￿Cl￿d2 for their commitmenr to the work of the Ttust And for the skills they bEing to successtully taknjg forwatd the oynisation's ambiuons 2tLd re5POll5&bAh"ues. These roles are supported by a ivide gtoup of Voluntee￿ who 2ssi5t in ihe c2re 2nd display of the House and its collection and more generAlly in support of the everyday actiwties of the Trust. OUT volunfeers are an essenual Xnd h￿hlY valued part of the Ewf team and the Trn51ees would ￿ke to express their ongoing thAnks to all those who have worked on the Trust's behalf. Ind ivho give up their time wiihngly to suppori the successful running of the Trust. Public Benefit The trustees confirm that they have compbed with the dury in 5cction 17 of the Charities Act 2011 to have due rcgard to the Chxriry Commission's gener21 guidance on public benefit. Thcy beheve that they have advanced affj design and the pubbc'5 appreciation ol the Arts & CrdEts Movement by conserying 7 HxmTncfstnith Terrnce #nd its con¢entS 2nd by displaymg xnd inteq)reting them to the public. Obiectives and Activities Objects & Policy The objects of the Tn]st 2re"the Advancement of the education OE the public in crafts, dessgn and architecwre in particular by. (a) promoting pubb"c Anterest in 2nd the smdy and Appreciation of (l) artists, crxftsmen, designets and architccrs oFthe nineteenth and eady Thventseth centuties and their wo￿$ xnd {2) the Arts and Crafts Movemen4 and THE EMERY WALKER TRu¥r Trustee$, Report for the ￿riod Iw January to 31tt Dtttrnbtr J120 O)) acquiring 2nd thereafter conserving rn2￿12￿￿ng and Ib"5p1ay￿g lor the benefii of the pubb"c 7 H2mmcr5mith T£￿￿ce and its contents and any other property associated with or produced by Sir Emery Walker or 2ny other membeEs of the Arts and CTrft5 MovemenL" During her lifetirne. Elizabeth de Hxas expT&8sed the wish that the ttustees should carry our its objects by allowing the pubh"r to VASit No. 7 Hammetsn)ith Tetfdce on a regular basis. AEter her death, the tNstees reviewed this wish in the lj.ght OF a speci8lJst repott on the fabric 2nd Se￿iCe5 OF the b￿ld￿8 conduded that their priorities were, f￿s4 to safeguard the building and the contents- second. to record and COnse￿e {so far as possible) the contents. and, third, to show the house its contenis to Schola￿ and others with an interest in the Arts and Cralts Movement. Achievements On tskitxg possessAon 06 No. 7 Hxmmersmiih Terrace, thc trnscees. immediate concern wa5 the conib'tion OF the building And its sernces. A survey como)issioned Etom consetvauon architects who reported th2t the Fab￿lC was in sound srrnctutal condition wven its age And construcuon. However. they were concemed about the $2fery of the electrical wAring And the plumbing, both of wEu"ch were gener>lly in a poor conth"tion. A(ter cotssuittng 2 r2nge of Ot￿nisationS and individu21s (including the National Trnsi English HeritAge and the Society of Antiquarie5 ofLondon), the twsiees decided on the following coutse. To secure the 6abxic of the buiLdll)g by (2￿l￿g out some minor rep2its, by ttnewirlg thc elecuic21 wiring and by removing the plumbing above the ground floor. To put the basement flat into go(xl 0￿et and to let the same. To conserve the contenr5 of the house, And to put An hand a pD)grAmrne to record, catxlogue and desuibe them with a view to pubhcauon both on p2per and electronicAIIy" and To admit a small number of visitors having a particuiar interest in the house, its decornuon. the contents. its occuplnts ind the Arts & Crdlts movement. During ihe past fifteen yeats. rhe tW5ttts have completed the F￿$1 three objectives and the fourth ts part OE theAr ongoin£ ptogramme of xctiyities. The Tnjst has substquentiy developed the Arts and Crafts Hammetsmith Progrdmme to address Tnajor llnprovements to the Eabric OE the house 2nd to Eurther develop the activities of the Tn￿4 2S Set out below. Arts & Crafts Hammersmith Programme In 2013 the TTr￿[ was successful. in parmership with the Willtam Morri5 Society (WMS), in secuting a Hetitige Lottery Fond (HLF) Round One Devdopment Grant for a proposed capitsl and acuviry based project 'An$ & Crafts Hxmmezstnith.. developing the legacy o[Wd￿"1M Monis and Emery Walkeg. The Round One GrAnt enabled the employment OF a part time Project Manager and a part time CuTrconal Backfill posr order to lead the developmeTLt of the Round Two HLF bid. ConsLTltants were appointed to support devdopment of plans for joint learning and communiry engagement acllvity, dLythI access, capiral works and desy, conservation needs, busine$$ planning (Focusts)g on joini #ctiwties and initiatives with the WJllJHffj Mottis Society) and the acquisiiiorl of PArmership match fundjng to lever the HLF grant. Ewf ttustee5 approved the Arts & Crafts Hammersmith Round Two appbcation in Augusi 2014. prior to subn)ission to rhe HLF. THE EMERY WALKER TRUST Ttustees, Rep)rt fot the period I" January to 31- December 2020 In December 2014 the trusrees ivere debghted thAt Ihe ?pplication received fomial approval by the HLF who agreed to Eund in the grant rtque5t of £631,100 with expectation of Tnatched resources Erom the two pamjers of £250K plus in-kn.nd supporT from volunteer time. Both partners agreed to underwrite these matched resources on the basis OE 630/0 by Eivf and 37Q/o by IMS, reflecung the relative inve5trneni In dAfferent components of the overall Project. The pxttnets 5uccessfulty secured resources ro meet this march fundthg requireTnent through EundraJ"sing. Eivf And KVMS enlered into A Eonnxl partnershy Agreement to reflect their respective commitments vnder the ProjecE with Ewf #cting as host otgAnis2ti0n for the Programme 2nd the associated capitsl works contract. The proieci h25 been overseen by a Joini Stttring Committee asc) of the two pxrtrtets, with representatives from both tnjstce bodies, volunteer representatives and the projecr team. Following A compeutxvc pn)curement exercise the planned work-s at 7 Hammersmith Terrace vere undert#Len dwing 2016 and successfully completed in Spring 2017. The House was closed to visitors throughout 2016 and louowing compleuon of the budth.ng works was reopened to the vAsiting public on 20th Apnl ?017. The reopening marked by a rdnge of events For local re$idents, volunteer$ 2nd For the press. The House received A lot of favourable pubij.city with Ihe re-OPCfLing and ive conunue to seek to svstsin interesr in the work of the Twsi and encourage vAsitors. The petiod frorn 2015 and 2016 also Saw the major process of ￿$ting, boying and consetvatyon of the paper b¥ed archives wiihln the house {2round 5.(KJO separdte itetns) by a small team of volunteers and an archivist fundcd through the Arts & Crafts Hxmmetrmith Progt2mme. This Iso supported rhe found2ti0ns for the dw'tising of materials duiing 2015 and 2016 in order to t￿ble Euture online 2ccess of the atchtyes. The Eivf Archive was tr2nsfcrred to the Viciotia 2nd Albert Museum in *)17 and 15 now available ro the pUb￿C to consulL Activitieg in 2020 The Trust has had to flexibly adapi our acuvities to reflect the impact of the coronavitus pandemic 2nd the need to ￿￿e xction to ensure our visitors, our volunteers and our staff were kept safe ITL line with natsonal requirements, but still 2ble to promote the work of the Trnst. Wlll'le the House reopened Eor tou￿ in March 2020. after the usual wmter closure, it c105ed aEter lust two weeks due to the government Covid-19 n2ti0n21 requirements. The House briefly reopened to visitors in autumn 2020, with new health and safety procedures An place 45 pet the govemmentsl gwdehnes. but closed once again when London enrered a second lockdown and rhis la5red until the end OE the Visitor season. We are delighied th21 we have been able to safdy reopen thc House ro Visito￿ agajn IEOM March 2021, albeii ￿7th reduced numbers 0f￿sir0[S For each tour_ This is only made p055ible by the hard work and deth"c2tion of the volunteers. acting %$ guldes and in other roles. The tnjstees are very gratetul to all those guides and volunteers who we most gencrously of their ume and energy to Show the house. The volunteer ceAm have Xlso continued ro underiake regul2rwork on mxint%ining the garden and improving the planting schernes as An llnportant demenr of the House experience THE EMERY WAiKER TRUST Trustees, Report fot the period I" January 10 31" Decembet 2020 The trnstees would like to record their ongoing ihinks to all ofourvolunteers Euides especiauy given that we have had to make a rdnge of changes to operAte saEely through the pandemic and in Particul￿ to Angela Clarke. Matybld Wace. Di COA2 aÈ)d Gavin Shreeve Despite 7 H2mmersmith Terrace being doscd to visitOES Eor most OE 2020 Ewf has successfully developed new activities and approaches to engy with our •udience$ 2nd in p2rti¢Jdu h2$ bee active Onl￿e. In June ?020, the TEust opened aft On￿ne shop. which has resulted in saSes worldwide and an increAsed aivateness of the House 2nd irs activitie5. The Tr￿[ placed A Strong emphasis on its SOCi21 me(h'2 channels throvghoui 2020. prijducing a range of tLew content including videos and blogs. As * resul¢ our followers 2nd engagement has increased acros5 all channel5. The Trust m2de 2 concerted effort to continue to engage with irs voluntecr team by holth"TLg regular volunteer meetings over Zoom. A number of the volunteer meetings hosted guest speakers from other herirage insumtion% 50 2$ ro mainrain interest and networkmg With￿ the herAtage sector. In July 2020, the Tnst began an onl￿e tAlks pwe. An wkn.ch viewer wotldwide could Watch and p2rtic¥ate sn 2 live tAlk over zoom. Benvecn July and Decetnber ￿20, the Trust ran six talks. seeing over 3(K> attendees join us xnd kindly don2re just under £l.000 across the sessions. Topics covered by the vhrwal talk5 included Doves Press T)Fe, P*st Residents 06 Hammersmith Temce. Emery W21kets Islamic Collection. Arts Crafis Jewellery. Philip Clissert and Ihe BOdg￿ Corlundrum and'In search olEtnery Walker.. The success and interest in the talks programme has led to their coniinuauon inro 2021. Toward Ihe etld ol the year ihe Trust partnered with ow ne2r neghlx)urs ai the Wiiham Morris Sociery for online events- %n online History Qw'z and an eventhg OE Victoriatt Chrismias C%rols m Decembcr 2020 We have continued ¢0 acuyely raise awareness of the House 2nd the work of the Tn]st ivith the local communiry and through the wider media. indudj.ng through our Ewf Websi￿ and scKial meth"a. The House 2nd the Ttust aCtiVitiCs have Ee2tured in widespread meth"I coveraEe, in patucu]ar thanks to the grear ivork by Lucinda MacPheEson. The website fe2tures a virtijal tour of the House 2rLd infoun2ti0n on our Iu5toric room5 and collection. for those th*t are unable to pny us • visit in person. We succeSs￿llY completed the ￿nd￿lSing to 2ddress the Trnsts prioriry for a planned exhibition sp4¢e in 7 Hamtnersrnith Terrnce and we are debEhted that through the Eet)erosiry of contributors we reached our fundraising targei. DLuing the year we underrook the ivorks to complete the design 2fLd to prepxre the exhjbition space and to m2nage the Inst￿11￿0￿ of our purpose-built exEu"billon c*ses. Thi"s has now been compleied during 2021 and the Exlu"bition Space is ready for out first exhibltion entided Pnntrr Tfvgrdpljerlnnowlor Ery WalknéNd¢k Pm-sM&xm¢Tr4 which 1$ planned to tun from AU￿$t 2021 to M2y 2022. THE EMERY WALKER TRu¥r Tmstres. Report for the Ftsod P J4nuw ¢0 31ry Deeembtt 2020 Financial Revitw Dwin8 2020 ETKf delivered ￿ overall net surplus fot the year of £9.938 (2019: £37.489). This induded 2 net invcstment portfobo w. (￿dudlng unred]ised gdins adjusted to market V￿￿e as at 31" December 2020). of £3,044 (2019: D1207 w). As such the Tmsvs un(ktlying ￿SuIt for the yeat was an operating surplus of £6.894 (X)19: £6283 sutplus). The vglue of the investment portfo]io rose to £317.130 at December 2020 (21)19.. £308,918). The portfokno is ca¢ried tn the accounts at matket valu2ti0tt and any movemenr in value of stock held throughout the petiod As xcounted for as an urkteakned 8ain 01 Ioss. Investments perfotmed btoadly line the perfoThn2nce of the UK stock madtet5. The totsl incorning resources of the TDJSt ovet the peuod indudmg the investment portfo]io 8am. W25 £85.819 {2019: £83.732). The net resource5 expended dLuing the peiiod wTJ(wted to £75.881 (2019: £46243). The properry #t 7 H2n￿D￿Mith Te￿te ts accounted for as a'Hetita8e A$5ce and 15 c*ttied at Ats Net Book Value as at l Ottober 2(K59. wlthout deptecixtioTh bang ch2rged. This 2ccounutig po]icy 2cknowledge5 the tswiracticah.ty of #pplwg convenuongl v8lwtioTh techn4ues to th unique pwperty. Oyer the petiod 2015 to 2018 funds total￿8 £854,(W were gt2Thted to the TNst under rhe Arts 2nd Q2fts HIMrn￿rnith Prngr?￿e. These tund5 were deployed in the restO￿tiOn of the TtU5es Hetitage AsseL The assei has not been revalued 2nd fw accounting puToses the c05t of wotk5 3nd cogrespond￿8 kndu)g received are beirAg offseL but with disclosure note to be r02iAtained in the financial 5tatement5 to recov￿ the fi￿d￿8 PtOVAded in this £ewd. Related Paty Tr8ntsction¥ Details of rdated party trn1s￿tiofts gre induded at Note 14 to the Annu31 Accouftts Itwesto)ent policy There no re$tiictions on the trustees. POTWtt to invest save those in charity law. The Trt￿r$ investrnent portfoIio is m2na8ed by brokets JM Finn on a discretionary maAa8etnent basi5. The Trns¢ces have reviewed duotsg 2020 the Trusts investment straiegy. wTrll'ch 15 to seek * combined Eeturn from income and c#pit21 and adopted a low-meth.um tisk pro61e vjith l(P/• of inFe5ments n low risk Anves¢ments. The Trustces have agrced to use the FTSE All Shate Index as ao approptiate benchmark of Anvcstment perfotmartcL Resetves policy By fac the greater part of theTntst$ re5uves are untt5tricted and the use of the fimds I4)￿StA￿ them is #i the