THE FRY ART GALLERY SOCIETY
ANNUAL REPORT AND FINANCIAL STATEMENTS
31 DECEMBER 2025
Registered Charity No.1167717
THE FRY ART GALLERY SOCIETY
| CONTENTS | |
|---|---|
| Page | |
| Legal and administrative information, trustees and advisers | 1 |
| Trustees' report | 2 - 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 12 |
THE FRY ART GALLERY SOCIETY
Legal and administrative Information
Charity Number 1167717
Trustees who served during the year and up to the date of this report were as follows: David Oelman Chairman (from 19 February 2025 until 1 March 2026) Mark Myers (appointed 20 January 2026 Chairman from 1 March 2026) Roderick Newton Chairman (until 19 February 2025) Nigel Weaver Vice Chairman (until 14 March 2025) Simon Gough Vice Chairman (from 14 March 2025) Collections Manager Gordon Cummings Secretary Martin Gruselle Treasurer Candida Clark Invigilator Organiser Frances Haine Education & Outreach Officer Philip Neale Public Relations Manager Nicola Tyler Annual Sale Organiser Iris Weaver Jason Cowley (until 6 August 2025) Jennifer Cummings ( until 6 August 2025) Maureen Johnston (until 6 August 2025) John Ready (until 20 December 2025) Emily May (until 12 January 2026) Jules Teal (until 12 January 2026)
Correspondence address
19a Castle Street Saffron Walden CB10 1BD
Independent Examiner
Emma Williams ACA 8 Tansy Lane Hunstanton PE36 6FD
Solicitors
Tees 68 High Street Saffron Walden CB10 1AD
Bankers
Barclays Bank Plc CCLA Investment Managers Ltd 9/11 St Andrews Street One Angel Lane Cambridge London CB2 3AX EC4R 3AB
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THE FRY ART GALLERY SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees have pleasure in presenting their report of The Fry Art Gallery Society (“the Society”) for the year ended 31 December 2025.
Structure, Governance and Management
The Society (formed in 1985) was initially registered as a Charitable Trust in 1987. Its status was changed to that of a Charitable Incorporated Organisation on 20 June 2016.
The Fry Art Gallery premises at 19a Castle Street, Saffron Walden, Essex ("the gallery") - purchased from the Fry family in December 2015 - houses works of art by artists who, during the 20[th] and 21[st] centuries have lived and worked in north-west Essex and have made a significant contribution to their field (“the collection”); these works are held by the North West Essex Collection Trust ("the Collection Trust") with whose trustees the Society works closely on their behalf in day to day management of the collection.
The Trustees (whose names are set out above) are responsible for managing the affairs of the Society. Membership of the Society is either by annual subscription per household or individual life membership and is open to anyone over the age of 18; at 31 December 2025 there were 1,125 ordinary members, and 319 life members.
The Trustees meet regularly to review upcoming and new activities to take place in the gallery, new acquisitions, the financial and investment performance, and any likely risks and associated matters. Six Trustees are presently required to form a quorum.
New Trustees are appointed either by the members or by the existing Trustees, with a view to ensuring the Trustees have, as a whole, a balance of skills necessary to promote and carry out the objectives of the Society. New Trustees are inducted and trained by existing Trustees, following Charity Commission guidance and the Society’s policies and procedures.
Objectives and activities
The objects of the Society are the advancement of the education of the public in the arts by:
(i) the promotion of educational and cultural activities in the gallery and elsewhere including but not limited to exhibitions of oil paintings, watercolours, prints, sculpture, wallpapers, weaving, illustrated books, ceramics and other works of art owned by the Collection Trust or loaned to the Society; and (ii) the ownership preservation maintenance and use of the gallery for the purpose of displaying the collection and other relevant works of art and providing facilities for educational and cultural activities.
The Trustees keep in mind the Charity Commission's guidance on public benefit when reviewing the Society's aims and objectives. The activities undertaken by the Society to carry out its charitable purposes for the public benefit are outlined below.
The Society currently opens the gallery to the public (free of charge) each afternoon (except Mondays) and on Saturday mornings - from the first Sunday in April until the last Sunday in October. The Trustees are most grateful for the support of the many volunteers who help welcome visitors to the gallery; the Society has no paid employees. Our marketing and communications were very successful with new articles added regularly throughout the year to Instagram, X and Facebook, (where we now have a total of some 12,000 followers) bringing us significant publicity and visitors.
A new themed selection of items from the collection is hung in the main exhibition space annually. The smaller space (“the Gibson Room”) displays two shorter special exhibitions of works by artists relevant to the collection - with items borrowed from other galleries, museums and private collectors supplementing those in the collection where appropriate.
A variety of books, postcards, greetings cards and other items relevant to the collection and to the current special exhibitions are available to purchase in the gallery and via our online shop.
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THE FRY ART GALLERY SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 (continued)
Objectives and activities (continued)
The Society arranges an annual series of lectures on appropriate topics. The Education and Outreach Officer arranges visits for groups who wish to visit the gallery and – with the assistance of other Trustees - gives explanatory talks about the current exhibitions, and the history of the gallery. The Trustees visit organisations, both locally and nationally to give talks about the gallery and the collection.
The Society arranges a fund-raising sale annually – consisting of works by invited artists who are not necessarily represented in the collection. The 2025 sale was held during the weekend of 15[th] & 16[th] November. It attracted 604 visitors and generated a surplus of £24,115. A Xmas sale of our usual products was held on 6[th] December generating income of £445.
Achievements and Performance
The gallery was open from 6th April until 26th October 2025 and welcomed a total of 12,381 visitors, compared with 10,561 in 2024. The following exhibitions were mounted:-
“ Finding a Home at The Fry”
The Gallery celebrated its 40th anniversary this year and we were delighted to have as guest curator of the exhibition in the main gallery Ella Ravilious, granddaughter of Eric Ravilious and Tirzah Garwood.
The exhibition was selected from the Fry’s permanent collection and celebrated art and design which depicted or was made for the domestic space. It explored the features artists chose for their homes, from oil lamps and rag rugs to patterned wallpapers. Women artists featured strongly, as makers, artists and subject. The Gallery has collected and exhibited the work of the artists of North-West Essex for the last forty years. Thanks to the generosity of artists, their families, friends and donors, many significant artworks have found a safe home within the collection during the past four decades.
The Collection now numbers more than 3,500 objects, ranging from paintings, prints and photos, to books, ceramics, textiles and wallpaper samples. This exhibition cleverly celebrated some of the lesserknown works, which combine to demonstrate the creative spirit of North West Essex. The exhibition was sponsored by Sworders Fine Art auctioneers.
“Bardfield Murals ” (Gibson Room. 6th April – 13th July 2025)
This exciting exhibition brought together rarely-seen works that shed light on an important strand of the Bardfield artists’ story: - mural making. Starting with Eric Ravilious and Edward Bawden’s celebrated Morley College work in 1930, mural painting kept the leading artists in Great Bardfield busy. Kenneth Rowntree, Michael Rothenstein and Olga Lehmann also contributed to this mid-century upsurge in mural work. Their work was seen in libraries, schools, wartime British Restaurants, at the Festival of Britain, on P&O ocean liners and more, and depicted English life, landscape, history and science.
The exhibition, curated by Alan Powers and Neil Jennings, showed the preparatory studies and sketches of some 23 major works - many now lost - valued at over £1 million,.
The exhibition was supported by a very generous donation by the Shell Corner Charitable Trust .
“Richard Bawden – The Hadleigh Years” (Gibson Room. 26[th] July – 26[th] October 2025)
Our 40th anniversary season continued with an opportunity to view and buy a selection of works from the later years of Richard Bawden’s creative life. Richard, like the Fry Gallery, started a new phase of his life in 1985 when he and his wife Hattie bought their house in Hadleigh. He drew constantly in his house and garden, creating watercolours, etchings and linocuts. He moved freely between these different media, using his exceptional drawing skill and sensitive but varied colour palate, at times combining printmaking techniques or hand colouring etchings.
The exhibition comprised a selection of 98 framed and unframed works, 71 of which were sold.
Events
The programme of events held during the year included talks by Ian Wolter (“The Making of Safe Haven”) , and Anne Desmet (“Wood Engraving: a Personal Approach”) held in The Quaker Meeting House and a further successful Drawing workshop run by Chloe Cheese held in Fairycroft House – which, unlike the Gallery - has onsite parking.
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THE FRY ART GALLERY SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 (continued)
Additions to the Collection
2025 has seen the Gallery continue to acquire objects which broaden and deepen the scope of the North West Essex Collection. We are grateful for the generosity of those who have donated objects to the gallery, and to the administrators of funding bodies who have so generously helped us to purchase items of significance to the Collection.
Perhaps the most exciting acquisition of the year (jointly with Towner Eastbourne) was of 27 original woodblocks by Eric Ravilious and Tirzah Garwood financed by generous grants from Arts Council England and the V&A Purchase Grant Fund. The blocks ‘disappeared’ in the 1950s and emerged in 2024 for sale on eBay. With the help of members of the Ravilious family, the sale was stopped, and the Fry Art Gallery and the Towner were able to raise the funds to buy them, with the understanding that the blocks will be shared as needed to support both galleries’ exhibition and display needs.
Donors who wish to remain anonymous gave us a preparatory watercolour sketch by Edward Bawden for a Mural entitled ‘Country Life’ designed for the 1951 Festival of Britain, and a design by Eric Ravilious for a mock heraldic decoration to be applied to a set of chairs.
The Ravilious family have been kind enough to lend us a Tirzah Garwood collage called 'House at Great Bardfield', made in 1945. It was recently on display at the exhibition at the Dulwich Picture Gallery. We have also acquired on loan an interesting collection of Ravilious and Garwood sketches and drawings.
Other gifts included: An oil painting of a woodland scene by Olga Lehmann, given by David Reed; 'Sacred Place' an oil painting by Michael Ayrton, donated by Dr Adam Forman; An interesting and large early watercolour by Michael Rothenstein and Duffy Ayers, as well as a portfolio of prints by Rothenstein, given by Delphi Newman; A copy of the ‘Kitty’ print by Richard Bawden, and Richard’s well-used watercolour box donated by his widow Hattie; Eight collaged greeting cards by Olive Cook, given by Veronica Watts; A cover for 'Architectural Review' with a design by Edward Bawden, given by Catherine Slack; books given by Neil King, David Oelman and Ginny Eley; A John Norris Wood Christmas card addressed to the Bawdens, in the shape of a lizard sticking out its tongue, given by James Roberts-Wray. We also express our thanks to Gordon Dent who donated three pictures which had been on offer at the annual picture sale, and a large collection of archive material relating to Fry artists.
The gallery has purchased several items at auction. These include a lively Olga Lehmann self-portrait done in her studio in Fitzrovia in the 1930s; An early mixed media work by Michael Rothenstein ‘Fortesques No. 1’; An oil painting by George Chapman ‘Charity Farm, Great Bardfield’ – with thanks to the Constable Trust for their assistance; Two slab pots and a bottle vase, by Ian Auld, bought at the sale of the collection of Ursula & Gordon Bowyer. Two lithographs by Robert MacBryde were also bought- ‘Woman’, 1959 and ‘Still Life’, 1960.
We bought 4 pictures from the Richard Bawden Exhibition: ‘The Library Easel’, ‘The Glass Bowl’, ‘Sunflowers and Artichokes’ and ‘Apple Tree’ and five pictures at our annual sale in November: two Edward Bawden linocuts ‘Elephant’ and ‘Highland Cattle’, a pencil drawing by Sheila Robinson, ‘Philip’s Fish’ by Richard Bawden and a woodcut/silkscreen print by Michael Rothenstein ‘Circle Series – working proof’.
Appeal to fund the Bardfield Sculpture
The Appeal to members, friends and Charitable Trusts launched in August 2023 towards the £55,700 cost of producing “The Bardfield Sculpture” designed by local Sculptor Ian Wolter - depicting several of the founding Bardfield artists in conversation – raised some £38,650. The balance has been funded from General Reserves.
The Sculpture was installed in front of the Gallery in April 2025.
Public Benefit
All the activities of the Society are provided solely for the benefit of the public free of charge. The Trustees are conscious of the importance of providing public benefit. The responses in the Visitors Book & Visitor Surveys indicate that this continues to be achieved.
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THE FRY ART GALLERY SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 (continued)
Financial Review
The investment portfolio of the charity is held in cash with major banks, as the Society requires ready access to its funds. With interest rates falling in the current year the statement of financial activities shows investment income of £6,073 against £7,973 for the previous year.
As the gallery is open free of charge to visitors, the Society is reliant on generating income from membership fees, the sale of books and other items relevant to the artists in the collection (either in the gallery or through our online shop), the surplus from the Annual Sale, donations and sponsorship of exhibitions.
Excluding grants related to acquisitions for the Collection of £30,500, and £11,500 Exhibition sponsorship, total general income amounted to £140,170 (2024 - £107,237) the increase of £32,933 being accounted for mainly by the increase in Commission from Picture Exhibition sales (£7,581), Gallery and Online Shop Sales (6,076), General Donations (£5,761), and Membership Fees (£5,256). Income re the Sculpture Fund (treated as restricted funds) amounted to £1,900.
The costs incurred during the year charged to unrestricted funds – excluding the £42,000 referred to above - amounted to £126,164 (2024 - £103,724); £12,743 of the increase relating to the cost of 2 new books we had published - “The Fry at Forty” and “Finding a Home at The Fry”. Expenditure out of the restricted Sculpture Fund was a payment of the balance of the cost of £25,704.
The total net assets of the Society at 31 December 2025 amounted to £394,800 – consisting of the £200,000 initial cost of the freehold of the gallery, unrestricted funds held for new Acquisitions £42,054 and general reserves of £152,746.
Reserves Policy
It is the policy of the Society to maintain unrestricted, undesignated funds, which are free reserves, at a level which equates approximately to one year's normal general expenditure (excluding additions to the Collection). The general reserve fund is at a level which meets this policy.
Risk Assessment
The Trustees have prepared and agreed formal risk assessments as required to maintain the status of an Accredited Museum with Arts Council England (ACE), which are reviewed and updated as and when necessary. Museum accreditation with ACE was renewed in 2017; it is expected that they will require it to be renewed in 2026.
The Trustees are satisfied that all major risks have been identified and assessed and that satisfactory controls are in place to mitigate those risks.
Publicity
The Trustees maintain a website giving details of the Society and its current activities - through which customers can make purchases from our online shop of most of the items on sale in the gallery. This is reviewed and updated on a regular basis to inform and encourage enquiries from potential visitors and researchers. There are regular posts on Facebook, Instagram and X about our activities and events. There is a constant flow of emails, telephone messages and letters to be answered.
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THE FRY ART GALLERY SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 (continued)
Statement of Trustees' Responsibilities
Charity law requires the Trustees to prepare financial statements and a statement of assets and liabilities for each financial year, which give a true and fair view of the state of affairs of the charity, and of its financial activities for that period, together with its assets and liabilities at the end of the period, and adequately distinguish any restricted fund of the charity. In preparing those financial statements, the Trustees are required to:-
a) select suitable accounting policies and apply them consistently;
b) make judgements and estimates that are reasonable and prudent; c) state whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting standards, subject to any material departure disclosed and explained in the financial statements; and
d) prepare financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which are sufficient to show, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under Section 132 of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
In so far as the Trustees are aware:
- There is no relevant information of which the charity's Independent Examiner is not aware,
and
• The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that she is aware of that information.
The report and financial statements were approved by the Trustees on 6 May 2026
Mark. Myers Trustee Chairman
6
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THE FRY ART GALLERY SOCIETY
Registered Charity No. 1167717
Statement of financial activities for the year ending 31 December 2025
| Note Income from: 2 Grants, Donations and Membership fees, Donations re Gallery Expansion Charitable Activities Other trading activities Investment income Total incoming resources Expenditure on: 3 Raising funds Additions to Permanent Collection donated to North West Essex Collection Trust Charitable expenditure Total charitable expenditure Net incoming resources Fund balances brought forward At 1 January 2025 Transfer between funds Fund balances carried forward at 31 December 2025 |
Unrestricted funds £ 73,436 62,133 40,437 6,073 182,080 33,811 45,601 88,757 168,169 13,910 378,107 2,782 394,800 |
Restricted funds £ 1,900 1,900 25,704 25,704 (23,804) 26,586 (2,782) 0 |
Total 2025 £ 75,336 62,133 40,437 6,073 183,980 33,811 45,601 114,461 193,874 (9,894) 404,693 - 394,800 |
Total 2024 £ 64,832 54,744 32,074 7,973 |
|---|---|---|---|---|
| 159,623 | ||||
| 17,707 17,408 98,610 |
||||
| 133,725 | ||||
| 25,899 378,795 |
||||
| 404,694 |
All amounts relate to continuing activities
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THE FRY ART GALLERY SOCIETY
Registered Charity No. 1167717
Balance sheet as at 31 December 2025
| THE FRY ART GALLERY SOCIETY Registered Charity No. 1167717 Balance sheet as at 31 December 2025 |
||||
|---|---|---|---|---|
| Note Fixed Assets Freehold Property 1 Current assets Sundry Debtors 4 Cash at bank and in hand Current Liabilities Creditors: amounts falling due within one year 5 Net assets Represented by: Income funds 6 Unrestricted Funds Restricted funds Total funds |
Unrestricted funds £ 200,000 654 194,488 395,142 342 394,800 394,800 394,800 |
Restricted funds £ - - - - - |
2025 £ 200,000 654 194,488 395,142 342 394,800 394,800 394,800 |
2024 £ 200,000 2,244 204,230 |
| 406,474 1,780 |
||||
| _404,694 _ | ||||
| 378,107 _26,587 _ |
||||
| _404,694 _ |
The financial statements were approved by the Trustees on 6 May 2026
Mark Myers
Trustee
The notes following form part of these financial statements
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THE FRY ART GALLERY SOCIETY Reg No. 1167717
Notes forming part of the financial statements for the year ended 31 December 2025
1 Accounting policies
a) Basis of accounting
These financial statements have been prepared under the historical cost convention
in accordance with Financial Reporting Standard 102 and the Charities Act 2011
b) Incoming resources
Incoming resources comprises income receivable in respect of the accounting period from members subscriptions, sales of pictures and other art related items, events and royalties.
Donations and grants are credited to the Statement of Financial Activities when they are received,
c) Resources expended
All expenditure is included in the statement of financial activities on an accruals basis and has been classified under the relevant type of expenditure.
Items purchased for resale such as books, rextiles and other items relevant to the Collection or the exhibitions held that year are all expended in the year of purchase.
All additions to the permanent collection have been donated to The North West Essex Collection Trust. The Freehold Property is shown at cost. Expenditure on additions is written off in the year of payment.
d) Funds
The charity maintains the following funds:
Unrestricted - general funds for the use by the charity in pursuance of its charitable objectives.
Designated - unrestricted funds that have been designated by the trustees for a particular purpose, namely picture purchase fund (£41,787).
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THE FRY ART GALLERY SOCIETY Reg No. 1167717
Notes forming part of the financial statements for the year ended 31 December 2025
| 2 Incoming Resources Grants, Donations and Membership fees, Membership subscriptions and donations Sculpture Appeal Donations Permanent Collection Grants Sponsorship of Exhibitions etc. General sponsorship Charitable activities Income from Gallery sales Income from Online Shop Sale of donated pictures Other trading activities Commission from selling exhibitions Events, fees and royalties etc 3 Expenditure Raising Funds Membership costs Publicity & Subscriptions Display and Selling exhibition expenses Fundraising costs Charitable activities Additions to Permanent Collection donated to NWECT Conservation and Curatorial Gallery management Gallery Lighting upgrade & CCTV etc. Cost of Gallery sales Support Costs Website upgrade Gallery Sculpture expenditure |
Unrestricted funds £ 31,436 30,500 11,500 73,436 55,545 6,143 445 62,133 34,603 5,834 40,437 5,801 2,438 23,251 2,321 33,811 45,601 13,475 20,562 14,566 36,809 3,346 134,358 |
Restricted funds £ 1,900 1,900 25,704 25,704 |
Total 2025 £ 31,436 1,900 30,500 11,500 75,336 55,545 6,143 445 62,133 34,603 5,834 40,437 5,801 2,438 23,251 2,321 33,811 45,601 13,475 20,562 14,566 36,809 3,346 25,704 160,062 |
Total 2024 £ 20,419 30,113 350 13,500 450 |
|---|---|---|---|---|
| 64,831 | ||||
| 49,469 5,276 |
||||
| 54,744 | ||||
| 26,577 _5,497 _ |
||||
| 32,074 | ||||
| 5,491 1,925 9,567 724 |
||||
| 17,707 | ||||
| 17,408 11,591 20,454 9,700 23,924 1,985 956 30,000 |
||||
| 116,017 |
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Trustees' Remuneration and Expenses
No trustees received any remuneration during the year.
Expenses amounting to £100 (2024: £31) were re-imbursed to 1 trustee for travelling expenses.
| 4 Debtors Debtors and payments in advance 5 Creditors Creditors: amounts falling due within one year 6 Statement of Funds Restricted funds Sculpture Fund Transfer to General Fund Total Restricted funds Unrestricted funds General funds Transfer from Sculpture Fund Sub Total Fixed Asset - Fry Art Gallery Designated Fund - New Purchases Fund Total Unrestricted funds Total funds 7 Analysis of net assets between funds Unrestricted funds |
2025 £ 654 2025 £ 342 At 1 January 2025 £ 26,586 26,586 137,747 137,747 200,000 40,361 |
2024 £ 2,244 2024 £ 1,780 Income £ 1,900 1,900 180,383 2,782 183,165 1,696 |
Expenditure £ 25,705 -2,782 25,705 168,169 168,169 |
At 31 December 2025 £ 2,782 -2,782 |
|---|---|---|---|---|
| 0 | ||||
| 149,961 2,782 |
||||
| 152,743 200,000 42,057 |
||||
| 378,108 | 184,862 | 168,169 | 394,800 | |
| 404,694 | 186,762 | 193,875 | 394,800 | |
| Current assets £ 395,142 395,142 |
Current liabilities £ 342 342 |
Total £ 394,800 394,800 |
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