Company re8lstratlon number.. 09098614 Charlty reglstratlon number.. 1158505 The Emery Walker Trust IA company Ilmlted by 8uaranteel Annual Report and Fln•ndal Ststements for the Year Ended 31 December 2023 The Emery Walker Trurt Reference and AdmIniStra￿ve Detslls Trustees, Raport 2to3 Independent Examlne¢s Re ststement of Hnanclal AcUvllles 5t06 Balance Sheet Notej to the Flnandal StateTh*nts 8t014 The Emery Walker Tntst Reference and Admlnlstratlve Detslls Chairman Mr H G Belsey Secretsry Ms C M Mcmahon Charlty Re8tstr*lon Nurnber 1158505 Comparty Reglstratlon Numbei 09098614 The charity is incorporated in United Kingdom. 7 Hammersmith Terrace London W6 9TS Reglsternd Office Independent Examlntr Grays Accountants Ltd Page I The Emery Walker Trust Trustees, Report The trustees, who are director5 for the purpose5 gf company law. present the aThnuo1 report together wlth the financlal 5tstements olthe tharitable ccrfnpanyfor the year ended 31 Drfember 2023. ObJertl¥es and artlvltles Oblerts undalms A lull trustees report is includèd within these financial statsrr*nts as Appendix A. Pubmc benefft The trustees believe that the charity has advanced art, dèsign and the publids appreaation of the Arts & Crafts Movement by eonserving 7 HaMMe￿mith Terrace and it5 contents and by tlisplaylnB and Interpreting ihem to the public. The trustèès confim that thÈy have complied with the requTrrernèAts of section 17 of the Charities Art 2011 to have due regard to the public benefit 8uidance pvbli5hed by the Charity Comrnis5i9n lor England and Wale5. Tru5tee5 and officers The trustees and officers servlng dudng the year and slnce the year end were as follows: Trustees: Mr H G 8elsey MsKYButti Mrs A F aarke Ms D Cola Dr C Oavnt (appointed 26 January 20241 Mr M K Dcffinelly Mr RA Evans Ireslgned 26 January 20241 Mr P A Eyres Mr S K PT G￿enleY (appointed 13 July 20231 Dr M J Heron (appointed 29 September 2023 and re$l￿ed 19 Aprfl 20241 Drj Hob50n MrMPL Ms E Layendon M5TJWild Miss S M Wyndham Iresréned 26January 20241 Ms A Dawson Iresl8ned 30June 20231 ChaSrman: Mr H G Be15ey Secretary.. Ms C M Mcmahon Pa8e 2 The Emery Walker Trust TNstees' Report Statement of trustees, reW0n￿bIlItIeS Thè trustees (who are also the dirertors of The Emery Wèlker Trust for the purposès of company lawl are responslblè for preparln8 the tru5tee5' report and the flnancial statemtnts In a¢tordante wlth applltable law and Unlted KlnBdom Accountln8 Stsndard5 (United Kln8dom Generally Accepted A¢countlng Prartlcel, Includlng FRS 102 "The Financlal Reportln8 Standard appllcable in the UK and Republlt ol Ireland" Company law rtqulres the trustèes to prepare flnanclal statements for ea¢h ffinancoal year. Under company law the trustees must not approve the linanclal statements unless they are satisfied that they glve • and lalr vlew of the stale of affalrs of the charltable company and of the Incomln8 resource5 and appllcallon of re50urce5. Includln8 Its Income and expendlture. of ihe charltable tompany for ihat ptrlod. In preparln8 these flnanclal statements, the tru5tee5 are required to: select sultable accountlng pollcles and apply them conslstentlv,. observe the methods and prlnclples In the Charltles SORP,. make judgements and estimates that are reasonable and prudent; state whether appllcèble accountSn8 5tondards, compTlsln8 FRS 102 have been followed. subject to any materlal departures dlsclos•d and explaSn•d Sn th• flnèndal statements: and prepare the flnanclal ststements on the goln8 concern basls unless It Is Snapproprlate to presume thit th¢ charltable ￿Mpaft¥ wlll contlnue In buslness. The trustees ar• re5ponslble for keepin8 proper attountlng records that can (Nstlose with r•asonabl* a¢¢uracy at any tlme the financial posltion of the charltable company and enable them to ensure that the f4nanclal ststements comply wSth the Companle5 Art 2006. They are also re5pon51ble for safeguardin8 the assets ol the charitable ompany and hence for toklnB reasonable steps loi the preventlon and detection of fraud and other irre8ularitles. The trusteeg are responslble for the malntenance and Inte8rlty of the corporate and flnanclal Inforniatlon Included on the charitable ¢ompany's website. Le8islation 8ovemlng the preparatlon and dlssemlnatlon ol fln•n¢lal ststements may dllftr from le8lslaiion In other jurlsdi¢tlon5. The •nnu•l report was aPpr￿d by the trustees of the charlty on 28 lune 2024 and sl8ned on its behalf by.. Mr ￿1 G Be15ey Chalrman and trustee PaBe 3 The Emery WalkerTntst Independent Examlner's Report to the trustees of The Emery WalkerTrust {Ihe Company.) I report to the charlty trustees on my exarninatlon of the accounts of the Company for the year ended 31 December 2023. Rewn￿bIlI￿S and basbs of r•port As the charitvs trusttts of the Company land also its lor the purposes of company lawl you are responsible for the preparation gf the aCC￿nts in accordance wlh the requirements of the Companies Act 2006 I'ihe 21J06 Arfl. Havin8 5atlsfied rny5elf thot the •CcO￿ts of the Company are not requlred to be audlted under P•rt 16 of the 2006 Art and are eli8ible lor independenl ex•rnination. I report In respect ot my examSnatlon of your chariivs accounts as carrled out under sectlon 145 of the Charides Act 20111'ihe 2011 ACVI. In carrylng out my examIna￿￿ I have followed the Olrectlons 8fven byihe C￿lIty CommIs￿Ort ￿derseCtIOn 14515llbl ofthe 2011 A¢t. I have completed my ex•mlnatlon. I crmfirm that no matters hwe come to my attentlon In ¢onnectlon wlth the examlnatton 8fvln8 me cause to belle¥e'. l. accountlne r•cords wern not kept In respect of The Emery Waker Tn¢t as required by 5ectlon 386 of the 2006 Art; or 2. the accounts do not a¢¢ord wth tht)se reeords,. CY 3. th• accounts do not comply wlth the accOUn￿r￿d rtqulrtments of s•ctlon 396 01 the 2006 Art other than any requlrtmènt that the accounts 8TrV* a 'true and falr vletht, whlth is not a marter consldered a5 part of an Independeni examlnation: or 4. the accounts have not been prepared In accordance vAth the method5 and prtndples of the Ststement of Re¢ommended Practice lor account1￿ and reportin8 by tharlUès lappli¢able lo ¢harltie5 preparfn8 thtlr xcoynts In accordance vffjth the Fln•dal Report1￿ Stsndord appllcable In the UK and Aepubllc ol Ireland IFRS 10211. I hawe no concerns and have com• across no other matter5 In tonn*ttl¢)n with the examlnation to whlth •ttentkJn should be drawn In this rep¢)rt in order to ertable a proper undetstandin8 of the accounts to be reathed. Andrew Yates FfA Grays Ac¢ountsnts Llmlted 28June 2024 Pw4 The Emery Walker Trust Statement of Flnanclal Artlvltles for the Year Ended 31 December 2023 (Includln8 Income and Expendlture Account and Statement of Total Recogn15ed Galns and Losse5) Unrestrfrted funds Total 2023 Not• Income and Endowmentsfrom: Donatlons and le8acle5 Other tradiTh8 a¢tivitles Investment income 30,070 7,237 36,692 30.070 7.237 36.692 Total Income 73,999 73,999 Ex￿ndIture on: R•lsln8 funds 159,911 Total expendlture 59,911 59,911 Net Income 14,088 14,088 Net movement In funds 14,088 14,088 Reeonclllaibon otfunds Total funds brou8ht fonward I,S98,333 1.598 333 Total funds ¢arrled forward Is 1,612,421 Un¥•strletsd funds 1,612,421 Ttytal 2022 Not• Incom• and Endowm•ntsfrom.' DonatSons and le8acles Other tradln8 actlvltoes Investment Income 24,240 26,351 116,023 24,240 26,351 Total income 34,568 34,568 Expendiwre OD: R¥lsln8 funds 166,942 66.942 Totsl expenditure 166.9421 166,9421 Net èxpendlture 132,374 32J741 Net movement In funds 132,3741 132J741 R•¢onclllatbon otlunds Total lund5 broughtforward L630.707 The notes on pages 8 to 14 form an integral part of these linanclal statements. Page 5 1,630.707 The Emery Walker Trust Statement of Flnanclal Artmtles for the Year Ended 31 December 2023 (Includln£ Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrèstrkted funds Total 2022 Totsl lunds carrled forward 15 1,598,333 I,S98,333 All of the charity's Ktyvitie5 derive from contlnulng operations durin8 the above Iwo periods. The fund5 iYeakd¢xvn for2022 is shown in note 15. The notes on pages 8 to 14 form an integral part of these financial statemenis. Pa8e 6 The Emery Walker Trust (Reelstratlon number: 09098614) Balance Sheet as at 31 December 2023 2023 2022 Not• Flx•d a559ts Heritage assets 1,141,000 l.L41.000 Curr•n* ass•ts Stock5 Debtors 3,200 5,459 319.210 167,187 1,100 5,991 318.328 146.936 li Inve5trntnts Cash at bank and In hand 12 13 495,056 472,355 Cr•dltori: Arnounts falllni duewlthln one year 14 123,635 115,0221 N•t curr•nt •Js•ts 471,421 457,333 N•t ass•ts 1,612,421 1,598.333 Fundsofthe tharlty. Unr•stYlcted Incorn• fundi Unrestrlcted lunds 1,612,421 1,598,333 Total lundj 1,612,421 1.598.333 For the flnanclal year tndlng 31 December 2023 the tharlty was entitled lo exemptlon from audlt under sertlon 477 Of the CompanlesA¢t 2006 relatlng to small companles. Dlrectiws, responslbSlltle5'. The members have not required the charlty to obtaln an audlt of Sts occounts for the year In questlon In accordance wlth sectlon 476.. and The dlrecfors acknowledge thelr fesponslbllltles for tomplylng wlth the requlrernents of the Act wSth re5pert to accountin8 records and the prepafation ol accounts. The financial statements on pages S to 14 were approved by the trustee5, and authorlsed for issue on 28 lune 2024 and sl8ned on thelr behalf by.. Mr H G 8Èlse Chairman and trustee The notes on pa8e5 8 tt> U form an Inte8rol part ofthese financial statements. Page 7 The Emery WalkerTrust Notes to the Flnanclal Statements for the Year Ended 31 December 2023 I Charltystatus The charity is limited by guarantee, incorporated in Unlted Kingdom, and consequentty does not have share opital. Ea¢h of the trustees Is liable to contribute an amount not exceedin8 £1 towards the assèts of the Charity in the event ol liquidation. The address of its registered office is.. 7 Hammersmith Terrace London W6 9TS These financial ststements were authorised for Sssue by the trustee5 on 28 Junè 2024. 2 Accountlng pollde5 Summary of slgnlficant accountlng poll¢les and key 4ccountlntestlmates The principal accountin8 policies applied in the preparation of these linanclal statements are Set out below. These policies have been consistently applied to all the years presented. unless otherwSse stated. St*¢mertof compllance The flnanclal statements have been prepared in accordance with Accounting and Reportin8 by Charitie5'. Statement ol Recommended Practice (applicable to tharities preparing their accounts In accordance with the Financial Reporting Standard applicable in the LIK and Republic of Irèland IFRS 10211 lTrssued in October 20191 (Charities SORP IFRS 10211, the Finantial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. 03$15 gf preparatlon The Emery Walker Trust meets the definition of a public benefft entSty undu FR5 102. Assets and liabillties are initialty recognlsed at hSstorical cost or transaction value unless otherwise statsd In the relevant accounting policy notes. Golnl concern The trustÈès consider that there are no material uncertainties about the charity's ability to continue as a 8oin8 concern nor any significant areas of uncertainty that affect the tsrrying value of assèts held by the tharity. Exemptlon Irorn preparlng a cash flow staiement The tharity opted to early adopt Bulletin I published on 2 February 2016 and have theiefore not Induded o cash flow ststement in these financial statements. PagÈ 8 The Emery Walker Tnst Notes to the Flnan¢lal Statements for the Year Ended 31 December 2023 Incoffle and end0wm￿ts All income Is recognised tharlty has entitlement to the in¢tyne. it is probable that the Income wlll be recetved and the amount of the Income recer4able can be measured reliabty. EXpendI￿re All expendityre is re¢ognlsed once the￿ is a lryal or con5tnKtrrt ob18a￿n to that expendlture, It 15 probable settlement is required and the amount can be w*asured reliably. All Costs are allocated to the applScable expenditure headin8 that aggregate similar costs to that ￿te60ry. Where costs cannot be difectly attrtbuted to particular headings they have been allocated on a basis consistent with the use ol resour￿$. with central stsff Costs all¢xated on the ￿sIS of time spenL and depredation ¢harges al￿ated on the portlon of the 455eVs use. Other support costs are allocated based ￿ the spr*ad ol staff cos Y•M•llon The charfty is ¢onsidered to pass the tests set out In Para8rèph l Schedule 6 of the FSnance Act 2010 and therefore It meets the dettnltion of a tharltable company Itx UK corporation t•x purposes. Acctsrdln8ly, the tharlty Ss poientlally exempt from taxatlon in respett of Income or caplial 8aln5 recelved withln ote8orfes Coverèd by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Sectkffi of the Taxatlon of Ch•ryeable &ln5 Acl 1992, to the extent that 5uth Income or 8aln5 are applied exdusfvety to charitable purposes. The property, 7 Hammersmlth Terrace in Pflor years was odllnally valued for probate at £1,400,OC¥) and depreclated over SO years as a Ffeehold Property. However, the deoslon was t•ken In 2010 to rèclass5fy the property as a hedta8e asset. Thls was due to the property meetin8 the deflnltlon of the 2COS Chartties SORP for beln8 a hèritage asset, notably that 7 HHrrffier5mlth Terrace is ol historlcal and artlst5c Im￿rtanCe and Is held to advan¢¢ pr￿r￿a￿On. conservatbon educational obiectives of The Emery Walker Trust and, through publlc access, contrlbutes to the natlon's culture and educa11￿. The ¥Met was thus brou8ht Into the Charity reu>rds (ln the n•me of the Twst. t*thich b the company's predecessor), at Its net book value at l October 2CpJ9. It was and is considered Imprartical to 3ppty Co￿¢ni[￿OI Valuation techniques to the property due to its uniqut nature. Th* asset is not depreciated. This ￿11¢¥ and the asset value ad51n8 has been coniiNed ¥rith the trar￿[el of the asset from the Trn￿t to the company in january 2015. Other than a5 Set out above. the Inallenable and Nstorlc Jssets of the Trusi have not been capltallsed or depreciated as no reliable value can be attributed. tuffent a55et Investrn¢Trts Current wet investments are Indudtd at thè ltrwerof t05t and net re•ll￿ble value I market value. Pace 9 The Emery Walker Trust Notes to the Flnancial Statements for the Year Ended 31 December 2023 Stock stock Is valu•d at the I(￿r ot cost and esumated semifig prlce less ¢osts to tompltt* and sell. aftèr due re8ard for obsoletè and slow movin8 Stocks. Cost is detennined using the fir5t4n. first-out IFIFOI. C¥sh and osh ¢qu￿leftts Cash and cash equlvalents comprlse cash on ha￿1 and cbll deposits. and other short.temi liq￿d investments that are readity convertible to a knty44n amount of ¢3sh and are s￿lett to an Insignillcant risk of thange In value. Fund stfU¢lur* Unrestrlrted In¢ome funds are yneral funds that we a¥alla￿t for use Bt the trustees dlscretlon In furtherance ol the oblectlves of thè charbty. 3 In¢om•lrom dofiatlons•nd le8ad•s Unrestrlcl•d lunds Genernl Total lunds Oonations and leeacSes,' Donatlons from indlylduals Granis, In¢ludln8 capital 6rants- Grants frorn other charftles 24,061 24.061 Tot•1 2023 30.070 30.070 Tot•1 for 2022 24,240 24,240 4 InCOn￿froM other iradkniactl¥lll•s Unr*strfct•d fvnd5 Gener*1 Tot•1 fvnds Tradln8 Income; Sales of 8ood5 and sefvices Events incomè.. Other events Income 2,233 2,233 Totsl for Z023 7.237 7.237 Totsl lor2022 26.351 26.351 Pagè 10 The Emery WalkerTrust Notes to the Flnanclal Statements forthe Year Ended 31 December 2023 5 Investment kncome Unrestllcted funds General Total funds Interest receivable and Similar income: Interest receivable on bank dèposits Other incorne from Current asset Investments Gains / lossès on portlollo Income from ￿nts 1,357 7,829 13.106 14.400 1,357 7,829 13,106 14,400 Tot)I for 21)23 36.692 36.692 Totsl for21)22 116,0231 116,0231 6 Tru$tees remun¢ratl4n and expenses Durlng the year the charity made the followiftg transartion5 Wlth trustees.. Mr H G Belsey £18012022-. £Nill ol expenses were reimbursed to Mr H G Belsey during the year. No tn￿tee$, nor any persons connerted with them. have re¢eOved any remuneratlon f¥om the tharlty durin8 the year. No tru5tee5 have received any other benefits Irom the tharity dufin8 the year. 7 Staff ¢¢sts The monthly a¥eraBe number of persons lincludine senior manaBement I leadership team) employed by the charity during the year expressed as full time equivalents was a5 follows- 2023 No 2022 No Administrative No employee received ernoluments of rnore than £60,OCN) during the year. PagÈ 11 The Emery Walker Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2023 8 Tavfjoh The tharltyls a registered charity and is therefore exempt from t*tion. 9 HerIta￿ au•ts 4SS•t Toial Cogt At l January 2023 1,141,000 1,141,OCM) At 31 December 2023 1,141,000 1,141.0 DepwlatE•n At 31 December 2023 N•t bookv•lu• At 31 December 2023 1,141,000 1.14LOOO Surnmlry oftranmrtlofis 10 Sio¢k 2023 2022 Stocks 3,200 1,100 11 Debtors 2023 2022 Prepayments Other debtor5 4.593 866 5,425 566 5.459 5,991 12 Current Th•1 INT￿lMentS 2023 L15ted other shares 319.210 318,328 Pa8e 12 The En*ry WalkerTrust Notes to the Finan¢lal Ststements for the Year Ended 31 December 2023 13 Cash and tash equwents 2022 Cash at bank 167.187 146,936 14 Credltors: amounts talllng due wlthkn oney 2022 Other tsxation and %xial security Accruals Oeferred intomè 62 3.360 11.600 20.066 23.635 15.022 15 Funds 8ahnce at I January 2023 Inc¢xni Balance at 31 expended Dectm￿r 2023 Unrestrlcted hnds General L598.333 EllJ93 I46.￿5) 1.612.421 Balartè at i Incoml January 2022 Trsourtes Balance at 31 Dec*m￿r 2022 èxpended Unre5tri¢ted fvnds Gweral L630,707 103.400 1.598.333 Pa8e 13 The Emery Walker Trust hlotes to the Financial Statements for the Year Ended 31 December 2023 16 Analysls of net assets between funds Unrestricted funds General Totsl fundsat 31 (lecem￿r 2023 Heritage zs5ets Current assets urrent liabilities L141.¢JXJ 495,056 123.635 1.141,OCMJ 495,056 23,635 Total net assets 1.612,421 L612,421 Unrestrlctsd funds Genèral Totsl funth at 31 December 202Z HeritaBe assets Current assets Current liabilities 1,141,1XlO 472.355 115,0221 1,141,000 472,355 115,0221 Total net a55ets 1,598,333 1,598,333 17 Related partytrnnsartlons There were no related party transadions bn the year. Pa8e 14 FTHETR THE EMERY WALKER TRUST Charity No. IJ58505 Company No. 09098614 TRUSTEES, REPORT FOR THE PERIOD I" JANUARY 2023 TO 31￿ DECEMBER 2023 THE EMERY WALKER TRUST Tru8tee8' Report for the period I" J*nu*ry 10 31° December 2023 REFERENCE AND ADMINI￿RATIVE D￿AlLs The Emet). IVxlkerTLUSt 18 a rcgisrered ch#rity (1158505) and charitable compan). jimitcd b). guarantee {09098614}. Tru8tee8/Dire¢tors a8 at June 2024 Hugh Belscj. hIBL Karen Butti Ange]2 Clarke NIBE Di Cola Dr C Dauni Mftx DonDeU)' (nominated bi. the Viciorii & Albert Mu5tum) P.Andrew Ei'res. CGbL Simon Greenie), Dr J Hcron James Flobson Martin Lev). ElenA Lthvendon Tessa IXI. Chair (nomina¢cd bi" The An-1K'O￿¢[s. Guild) from JAn ?0?4 Vice Chair Txeasurer from june_￿?5 from Sep ?023 (nominaicd by the So¢iery of Antiquaries) Vice ChAir (ftominatcd b). the Society for the Protection of Ancient Budth'ngs) Secretary Kate fvlcblahon Staff Team Helen Elieison Nlallot). Horrill Lesle). HcndcrsoD Curninr CurAior E4ou$e li lana8tt Academi¢ Cut#tor Dr Ilileen Reid (retired) Profe$8ionAI Advi$er8 Banker8 CAF B1d nk Limite4 ly'est Nlallin& Kent NfE19 41'A Co-op¢rauve BAnk plc, l Ballonn Stteet. Nfanchesttt, M(A) 4EP Le￿1 Advisets Russell Cooke Soliator8. ? Puine}' Hill b)ndon. SIK'15 6AB Inve8tmen¢ Advisers J Finn & Lo., LA)ndon E.'C?R i rA Independent Examiners and Accountants Gra)"s .4ccouniant$ Ltd Chartered Account2nrs. Teddington V4&1 i noB Contact Details 7 AAmmtt%mith TeTrace. lA)nth)n IV6 9TS Telephone: OJ) 8741 411 'eb5iir. w¥Trw.cmcLvMlker.org.uK "lTht abffi'e details correct as #t ?8 June ?JJ?4 THE EMERY WAIXER TRUST Trustee8' Report for the period I" January to 31" De¢emb¢r 2023 Introduction Tiie Trustee% present tlieir repnrt togeil)er wilh tlie financial statement8 OF the TTU5t Eor the financial }'ear from 1st Januir). to 31" December ?0?3. In doing so, the), haire adopted tlie proiqsions of the Charities S()RP (FRSIO?). "This 15 the niiitli Ttusiee$' Report and Annual Accoun1$ for Th¢ Emcn. l¥ l• Ikcr Trust in its con8uttLt¢d forn) a5 A Compan). timited b) GuxrAntce. Folloiving x decision in November ?014 bj 'L'hL Emery, Walker Trust TN$tees. the As$eis and liabili¢ic$ transferred to tlie nem, l-'mery' Ivalker 'fru%t charitable compAny from th¢ fomier The b".mcry IX'alkcr'1in5t (Charit). Number 1080438) from 315t Dccembcr ?014. Background Sir Emerj. Ivxlker (1851-193.1) WA5 a pioneering engrairer, prinrcr and tjye de8igner. A close friend of Ivillixm Morriq, with ivli()m hc collaboraied Rt the Kelmscr)ti Press, he was rLn important xnd influentiAI mL'mber of ihc ilrts & CtAf¢ movement. Ivith I" J Cobden-SAnderson Sir EmeL)' founded the Dol'es Pres8 - oiie of rhe most imporrant priipiie pre$se$ of the period. Ho lii'ed A¢ No. 7 HAmmer5miih Tettacc fnr tl)e last ?) S'ears of his liFe. Sir Emer) s dAuglirer, Dnrotlii., cnnunued ¢0 ]iirL in rhe building 8Ff¢r h¢r fxther's deAih. She did not alter in R mRieriAI ivai. cirlier the ijirerior dccorAtyon or the fiirnishin8s. In 194& 2 yOLing Dutch womAn. E]izabcih de H8a4. joirtcd the liousehold RS Nliss Ivxlker'q compAnion. Doroth), Ivalker died in 1963 And left rhe bLilk nf lier E$tAie in NI155 de HAaS. FIiY.Abeth de Haas was dererniincd io retain the liouse ind it8 cnniei)t% Linilrered as a memorial to Sir r.mery' and his daughicr and t() the Arts & Crpf15 rnovemenr. 11). And IArge 8hc succeeded in hcr ambition Alihou8h rhe bulk of .8ir Emery'$ librnrjp IVA$ sold rn C.liclienhnm Borough Council in 1994 in order to provide att endowment for the Hoiise And iti collections. The irnportAn¢e of No. 714ammersmitli-fertAc¢ lics in the fact rhni irs dccorarion and Ihe conrenrs (the fumiture. picture8, sciilp(ures And texri]c41 were Pllt togetl)er b). Sit fmeri, Ivxlker and refleet borh his tASiC And rhar of li18 ctsllei¢ Eme8 in thc ilrts & CyAfrs Movement and il)xt li has remftined Ir¢rgel)' unaltercd 8incc tlic 19?n$, unlike mrLfL)' of rhe other hou8es in Briiain AssociAted witli ihe attistic and crcaui'c b'fe af tl?At period. Constitution Tru8tee8lDlrectors Ihe Emery, Ivalkcr Tnist is x registered cl)xrity (1158in5) sci up bj, the laic NIiss E]i7.aberli dc l-laas. ￿lIs$ dc Hais died ()n 17, June 1999. She bequeaihcd to thc Tnist tli¢ greater pirt of licr e$tate, including rhe Ercel?olcl i)f No. 7 14xmmersmidi TerrAce and the is.$OCifLted collection of textiles, painrings, dra1￿ing4, furrtiture. books 2nd otlier objecrs xssociated with Sir Emer). IK'alker And the ,Ir¢s & Crafts moi'cmcnt. Tlie'frusi ivas On￿A￿lI). consumted bi. x Tru8t Deed and was entered upon thc Centrd Register oFCh#rities on ￿? th April VIOO (chY4rir)' number 1080438). The Charity wa$ rc-registered witli rhe Charit). Commission on incorporAtion a8 A charitable company RS The Emery Ivalker 1.tust (clixrity number 1158505) on 9 Seprember ?014. The Trust Deed Prnrides for a minimurn of three Twsrees: but no m%.¥imum number. As set out in the Arricles OF Association, 5ii'fN5tees ma). bc nomtnated from nAmed nominating both'es. as follows; "The ilrr IK'orker5 CJuild,"fhe Snciety, Eor tlie Protecuon of Ancient Iluildj'ngs, The Victoria & £llbert Miiscum.'Ihe Victnri.In SocierJ'.'ll)c %ociet)- of ilntsquaries of Li)ndon and The Briusli Museum. An individual $0 t)Dminxted is 2 "frnstee in lier/his oivn right; she/he ts noi a rcpresenthtii'c of the nominxting bodi.. THE EMERY WALKER TRU T￿81¢¢$, Report for the period 1° January ￿ 31" December 2023 Trustees who sen'ed as Direcrors duting th¢ puiod from 1° Januarj. to Jl" De¢emlxE JP3 were: Hugh Be]so. MBE KAren Buiti Angela Clarke. fvtBE Di Coi2. Aileen DAivson FSA. to Dec_￿￿? (nominated b)" rhe British Nlusevm) Nlax Donnelly (nominated bi the I1￿1) Ton5. Eirans. P. Andrew E}'res. CG Simon KPT Greenks.. from Juh. J)J? Dr NtAtthew J Heron. from SepTember J)J? James Hob50n fvlariin ElerhA Lewendon .1 essa Il'iid amAntha Ivl'ndham Chair {nomin•t¢d ￿. The Art-l¥'orkexs' Guild) Vice Chair Vice Chair "rreasurer (nominatcd b). the of Anwuariu) (nominated b). the So¢ietr>' for the Prorecuon of Ancient Building8) Chair of the Emery Walket TtU81 Tw$¢ee8 Hugh Belso,, MBE hAs been Chxxzp¢rson sincc NcA'¢mber Y)J). New Tw8tee• Vhen a nominated ttustee retires from the trustee body. truste¢$ review rhe $kilh, knowledge and experience rcpresenfed within their number and where a gap is identificd, the wstees iftvite the nominating body io propose an indii'idual with ihc ?pproptiate skills. knowledge or experience. From time to time, rhe mL51ees out simihr review$ An4 where %ppropriAte, recruit An appropriate indii'idval as an additional iru$tee either fD)m personAI knowledge. or b). using the services of one of rhe noT-ltsr-profii ownisauons thai assisr charities ￿ryth irusrtt recruitment or b}, advtrtistment. New trusiees Are made of ihe hi$tot)- of Ihe 1 rus4 At$ actiipities and their re$pottsibi]ities as charit). trusiees bj ihe Chair and the CuTrror. The). receiire a cop). of the Trust. mo$t rtceni Annual Report and Fin3noal .%tatcmenrs as well as ptinted maierial about the Trust, Sir Emery IV*lker and hi$ work. No. 7 Hammersmith 'ferrace and the collection. Duiing J)23 Nvo new Tnjsttts were appointrf Simon Grc¢nle)' attd Dr Nq4tthew Heron. .4ileen Dawson resigned as a Trustee from December Y)?J. In Januar)" ￿?4 nvo Tru5rccs Samanathi ')'ndham and Ton). Ei"an$ resgned. The Trustees are cxfrcmel}' grarcful lor the man} )'ears of conttibution to Eivf from Aiittr4 Samaniha and Toft}. Catherine DAunt was appointed as trnstee from Januari. ?0?4 replxcing .4ileen Dawson AS Briiisli Nluseum representatii'e. Elena Lewendon rewmed from hcr SAbbaticAI as a T￿$(￿ from April J)J? . THE EMERY WALKER TRu>r Trustee8' Report foT the ptriod I" January to 31° December 2023 Trustee rneetings and Governance During ￿￿? the ttu$tees mci as Djrffr0￿ formall}- on ￿'e occAsions. These meetings Are also Itiended bj. 8 represent2tii'c of rhe voluntttTS. the CurAtors. the House Managerxnd the Academic Cuntor. In addiuon. the irustccs meet alonc ivhen li is appropriate $D to do. Since _￿1 l K*te Nlchlahon. x t'olunittr. has acted as Compan)" %ccrct2n" and minuted the trt￿lee mtttinE$. The trusiees Ire indebred to her for the prompr. taciful and effiaeni ￿ry). An ivhieh she rceords their proceedin85. Kare a150 en$ures that the Trust's records ate maintained ar C¢)mpanies House and It the Chariry. commissio￿ Indii'idual iwsrees I'isir ihe House or meer wtth the House Manager. fhe Cutators and the i'olunrecrs on YI regular bAsi$ in connection wirh the manxgement of the chatiry. the conservation and display of ihe collection and the visitor progThmme. Management Curdtorial staff rq￿tt direcili. io ihe Trusitts throu8h the Chair. rcporting of operaiional marters s delegAred to ihe Vicfrchairs. The House Nlanager is managed b} the CurAtot. A wide rAnge o( decisions about th¢ da)'.it>th)' managemenr of ihe E4ouse, the collection #nd thc i'isitor aryangments hxve been dele￿￿led ro Staff and the i'olunteer team. Helen Eller$on and NIAllor)' I lorrill undemke complementw ¢urnwri81 dutie$ with Helen focusing on ￿￿￿T(h and Nlxllr)r)" on curarorial 2dminisirAtion. During ￿?3 Ashle). IVeaiier.PAul WAS the FIou5c Nlanager for rtvo dal's A week before Ical￿g in Ociober ￿?5 10 take on an assistani ur2tor role at the Viciorii and Albert Nluseum. The Trusrees would like to thank Ashlei. for her work At the trust and io ivi8h hcr well in her new zole. IAl¢} HeA(krsrm w9$ appointed to the House MAnAger role from february 20?4. lThe .1 rustccs kttp a close ovetsight of the CAPACIty reguired to support the work of the'l'rust and in rcceni Jiears have resourced increased capiary to Addre85 boih undedsing and nnc-off requirtrncnrs. Additional $upport has xiqo Ixen appointed to undertake specific ra$k$ and a55ignments ￿'tr reccnt years. mosdy ￿latIng io the ..lrts Cm[Is HoNnersmiih project in parniership with the Witiiam Mortis Sociery". LucindA NlacPher50n has continued to be contracted io pry)vide valued Communi￿tionS And m*d(eiing support for EIVI" for one daj" A month $in¢e Mirch 2018. The mistees rem*iti itidebted to Hclety Nlallory. A$hie!'. ￿0ndA and IAslry fot their committnent to the work OE the Trust and for the skills ¢hq' bting to $￿cess￿ll). taking foThvard the organisations. Ambitions And in meeting its responslbiiities. These roles are supported b}. a wide group of volunteers who a$$isi in the ittierpttrauon and (b'splay of the House and irs cnllccoon and more geneTrll} An $upport of the ￿'e4'd￿j. Aeriviiies of the Trusr. Our volunteers arc an csscntial and highl)'i'alued part of the F.Ivr team and the TDJStce$ would knke ro exprcss their ongoing th￿￿9 to all those ivho h8I'e worked on the Trust's bchftlf, and who give up their ume iiryllingli. io support the siiccessful rnnning of the Trust. The Trusr As conscious thar ihei. need to susiAin the recwitmenr of i"olunteers And train them for thcir role as house guidcs 2nd stewar promoting public ijitcre%t in And thL' sNdi' and appreciation of {1) artists. mf¢sm¢n, dg$ign¢ES and ir¢hit¢cts of rlic nineteenth and earli. rni'cntietli ccnruries And il)¢ir ivorks and {2) the Arts And Crafts Nlovement. ai)d (b) Acquiring And thercRffer conseThring maintaining and displa)'ing for the benefir of the pubbc 7 l-lammersmiih Terrncc and irs contents and aiii other propert). assnciared widi ot produced by Sir .mery IVAlker or any other members of the ilrts find Craft$ Movemcnt." During her lifetime. Eli7fiberh de Haas cypreqsed the wilh rl)xt the tw%tee8 should CArry out itl object$ bi. Allrnvin8 tlie public io iFl8lt No. 7 FIAmm¢rsmith TcryAce ()n a re8uIAr basis. After her d¢Rth, rhe trustees r￿.1¢Wed this wi81I in the b'ght of a spcciglisl report on the fAbric and seTh'ices of rli¢ building And cnncludcd thai ilieir prinrities Ivere, first. ro safcgu%rd the building and the contents: second, to rcc()rd And conscTh'c {8n fAr fis possible) the contents; And. il)ird, to show the house And it$ contentq ro 8cliolar5 and otl)cr8 With an intere8r in the Art$ ind CrAfts Movemen¢. A¢hi¢vements On raking possession of No. 7 Hammer8mith Terrnce, thc tru5tccs' immediote concern was the cortdition of the building xnd its *cnpicc8. Il surn'ei- commissioned from consen'auon architects ivho reportecl rhRt the fabric WAS in sound $rwcwral condition wven its a8c and construction. Howei'cr, ilici. Ivere conccrned ftbout the iAfety' of the electric21 wiling And the plumbing, both of ivhich ivere generAlly in x poor condition. Ilfter consulung A trAnge of or8anisaiions and individiials (including the NRtional "frusi. English 14etitage Rnd tlie Sociery of Anuquftries of IA)ndon), the trustee$ decided on the following COUTSe' To secure the fAbric nf tlie building b). cAry)ing out qome minor repairs. b}p renewing the clecttical iviring and b)- remoiring all thc plurnbing aboi'e the ground floor. To put the bascmcnt flat into good order and to let the s%me' To conscrve the contents of the l)ouse. And fo put in hand % progrnmmc to record. catftlogue and d￿Cribe them with a vicw ro publicauon both on paper And electroniexlly and To admit 2 smAll numbcr of i'isitors hAI'ing a pxrticular inrerest in the house. its dccorauon. the contenis, lis occupanis aiid rlic ilrrs & Craft5 rn01'¢m¢nt. THE EMERY WALKER TRUST Ttustees, Report for the peri¢)d I" January 10 31" December 2023 DLiring the past two decAdes, thc trustees compleicd the fit8t ihree objecuves and the fourth 15 part of their ongoing progr3mme OF actiipiue5. Tlie Twst subsequetjd). dei'eloped the Arts and Crafts Hammersmith ProgrRmme to addte8$ major improvements to the fabric of the house ind to further develop the Actii'itics OF ihe TnLSt, as sct out below. kn8 & Crafts HammetBmith Programme In 2013 the Trust wds successful, in partnership with the William MorEis Society (Wh￿}. in securing a Herit2ge LA)tter)" fund (FlJ.F) Dci'elopment Grnnt for a proposed capital and actiitjty- ba8ed projecL 'Arts & CraFts Hammer8miih.. developing the legac! of Kvftllixm fvlortis And Emery, 'alLer'. In December ￿14 ihe uvstees were deltghted that the application received forn)al approiTal bj. Ihe HLF who agreed to fund in ilie grant request of £631.100 ivith an cxpecrauon of mxtched resources Erom the Thvo partncrs oF£?50K, plus in-kind suppor¢ From i'olunr¢cr time. "lThe pirmers succe5sEull!' secured re%ourccs to meet this march funding requirement rlirough fiindraislng. The planned ivorks ar 7 H2mmersmidi TetrAce were undertaken during th16 and successfid])" completed in Spring ?J17. The Flouse MTAS closed to irASltors throughoui ?016 and Following completion of rhe building wokn was reopened to tlie i'isiung pub]ic On_￿t￿ April ?017. The reopening iv25 mark¢d b), a range of events for local residents, volunteets Athd for the press. The House received favourable pubiJ'citJr witli rhe re-opening and we continue to seek to sustain interest in the work of the Trusr and encourage Yisitor5. The period from 2015 xnd ?016 Also saiv the mAjor process OF lislln& boxing and coiiscrvation of the paper-based archives within the house (ftround 5,(KK> sepxrAte itetn5) by a small teAm of i'olunteers xnd an xrchivi51 funded through the Art5 & Crafts Hammersmith Programme. This also suppotted tlie foundati¢)ns for the digiusing of materials during ?Oli and ?016 in order io enable ￿￿re on]ine access OF ihe arhii'es. The EIX.T Archii'e was rraiisEerred to the Victoria and Albert Nluscum in ?017 xnd is nolv available to the pub]ic to consult. In 2020 the Twst had to flexibli. Ad2Pf to reflect the Amp%et of the Corona￿￿$ pandemic and the need to thke Action ¢0 ensure our i'isitors, our i'oluntcers and our staff xre kept SAfe in ]ine with nallonal requirements, but still able to promote the work OF the Tru51. The House wa5 ¢los¢d to visitors from fvlarch ?O?O in order to protect our irolunteer guidc5 and iFtsltor5 and to support the containment of thevims as lOckd￿V￿ ArrAngemenLS were implernentcd acr055 the UJL Fromjune ?O?O we launched a range oF&ucce5sful onlinc i'irwal ffi'Lmts. I￿,e were also grateful io have secured $ome Iinancial support tliat a881Stcd in our financial 8tAndinE through the pandemic. The Hol￿¢ rcopcned to ITASltor5 in Nta). ?n?I, Ivitli healtli and *afeti' procedures in p]ace as per the governmeni guidelines. Albeit ivith reduced numbcrs nf i'isirors for each tour. Visitor numbers d￿ing the ?O?I scason wcre po8ltive witli 5?6 visirors and ivc liavc ￿Creased the number ofvtsitors in eAch season since then whi18t still Tetaining a safc eniFirotirnenr For iTi$ltors, stewards and guides. THE EMERY WALKER TRUST Trustees, Report for the period I" January to 31" December 2023 Activities in 2023 ?023 has been another successful xnd buss. I'exr For the Trusr. We I￿1n incr¢a5ed our visitor numbers and in total w¢ receii'ed 1,195 visitor$, close to mxximum capacit),. This is only made possible b). th¢ hard work ind dedicauon OE the volunteers. acting AS 8uides and in other roles. Thc trustees are very grRrcful to #ll those guAdes and i'oluntttrs who give most generously of Iheir time and enew. to sli(xv ihe house. The volunteer t¢Am have also continued to undertake regulK woik on maintaining the garden #nd improving the plY4nting schemes as an important element of the House expeYiet)ce. Tli¢ rrustecs would like to record their ongoing thanks to all of our volunittrs. 8uide$ ?nd 5tewatds. The Trust continued xr$ online progrnmm¢ of both on-ltne iAlks and (ace-to-face events. During 20?3 ihe Tru$t ran fil'e online talk5 and events. seeirtg 133 attendees join us and raising £1.889 across the 8es$iofts. Topics cr)vered includcd: How)Ys oribe Col)x¥ld_.4M t￿Ning wilh J¢nmJ' MwJsoK, .4rfs Cmfix Ivomell di E.•weJ' IV4lknrJ14wrt for the period I" January to 31" De¢embet 2023 li Tru$t¢es' tt8ponsibilities for the Financial Statements The wstees (Ivho are also direetor8 of The F.mery Walker Tmst for the putP05es of company Ixw) are responsible for prq)aring the Trustees. Report and the financial statements in ac¢ordance with applicabk 12w and FinxnciAI Reporting Srandards applicable in the UK and Republic of Ireland. Comp2ny ]aw tequired tni8tees to prepare financial statcrnents for e¥Lch financial year which £ive a true #nd fair viNv of the stAte of the AEf2irs of the chftritable compan). and of the incominE/ourgoing resources and application of resources. including the income and expenditute. of the chatitabl¢ compAni' for that period. In Prep￿Ing these financial stlremenrs, the trustees are Eequlred to. select suitable accountsng policies and then xpply them consistently. obseTh'e the metho& and prit)ciples in the Charicies SORP (FRS 102)" rnake judgements and estimates that are reasonftbl¢ 2nd prudent. state ivhether applicable Flnanaal Reporting Standards have been folloiv¢d. subject to Any matetial depArtLwes disclosed And explained in the financial statements. prepArc the rthxncl￿ statemenis on the going concern basis unless it ts inappropriate to presume thAt die charirable rompany will continue in business.. The Trnstees are responsible Eor kceping ptoper acwutsting records that disclose with reasonable accurao at any iirne the financial position of the eharirfible company and enable them to ensute thftc the fmancial statements compl)p with the Companies Act J? 06. They are 2150 responsible for safeguarding the assets of the charitgble company •nd hence for taking reasonable steps for the preveniion and detection of frAud and other irregulArities. Independent Ex4miner8 Gra)T Accountants Ltd, Chartered AccountAnt4 Kings Road. Teddington. IWII OQB have been rhe Trnst'$ independent examinets since ?Jl3. Approved by the Trustees 28 June 2024 and signed on their behalf by Hugh Bel8ey> Chairper80n and Trustee.