THE ARTS SOCIETY
SIDMOUTH
TrfEMTS
SOCIErY
SiJvCxil
Registered CIO Charity 1178103
Trustees, Report and Financial
Statements
For the year ended 31st March
2024

The Arts Society Sidmouth CIO
Trustees, Report for the period 1 st April 2023 to 31 st March 2024
References and Admlnistratlve Inforniatlon
Trustees during the year were:
Graham Gill
Philip Hughes
Barbara Murphy
Sheila Hughes
Annette Cross
Chair of Trustees
Deputy Chair & Finance Officer
Resigned 19.02.24
Principal Office
Ruan House, Cliff Road, Sidmouth EX10 &JN
email sidrnouth@the
Charity Number 1178103
Bankers
CAF Bank Limrf(ed, 25 Kings Hill Avenue. Kings Hill, West Malling, Kent, ME19 4JQ

Report of the tru8te•s for the y•ar and￿ 318t March 2024
The Trustees present their CIO annual report and financial statements for the
year ended 31 st March 2024. The financial statements have been prepared in
accordance with the policies set out in the Statement of Trustee responsibilities
and comply with the CIO'S Constitution. the Charities Act 1993 and The
Charities (Accounts 8nd Reports) Regulations 2008.
Structurng gOvWnan￿ and management
The CIO is a registered ch￿lty. number 1178703, and operates under the
constitution adopted by the members of The Arts kniety Sidmouth on 7th
February 2018
New trustees are appointed by the existing trustees and serve for up to three yea
- each year one third of the trustees stand down and they may then put
themsefves fonvard for a second term. The Constitution provides for between 5
and 12 trustees. The trustees meet two or three tlmes each year, to agree the
broad strategy and areas of activity for the CIO, the functions of grant application
assessment and award, investment, rewves. risk rnanagern￿t policies and
performance.
The day to day administration of the CIO'S programme is delegated to a
Committee whose composition and modus operandi are described in the
Appendix to the Constitution. The Gommrtt88, a dedicated team of volunteers has
met monthly to coordinate another excellent programme of lectures and study
days stwctured by Anthea Cridlan and Catherine Bech respectively.
All Trustees and Committee Members give of their time freejy." no Trustee
remuneration or expenses were paid during the year, no Committee remuneration
was paid during the year and Committee expenses are summarised in the "Other
expenditur8" Section of th8 accounts.
It had been intended to update the ConstitLrtion for TASS to recognise recent
changes. However, the Head Office of The Arts Society has proposed a revised
constttution which is due to be voted on by Societies on 03 June 2024. Once the
result of this vote is declared, in conjunction with the national AGM in August. we
then know what changes need to be made to our own Constitution. This
will therefore be updated in September and will be put to our members at an EGM
in October/November.
Objective8 and activities
The Society promotes the education of the wider public in respect of decorative
and fin8 arts with the intention that this should lead to a greater appreciation of the
wealth of our heritage for the benefit of the public.

The Society carries out these obiectlves by atrariging each year nlne monthly
lectures, two Study Days and IrKlividual Arts Visits, and by p￿vIdIng grants to
further aesthetic education. to study decorative & fine arts. to further heritage
preservation and for arts education in schools.
All lectures and study days are rated by the attendees to wJsist In maintaining a
high quallty, and the results in 2023124 were again invariably very positive
Grwrt making policy
The receipt and consideration of grant applications is urKlertaken by the
Committee with applications satisfying the assessment crlteria being passed to the
Trustees for approval and execution.
Grants awarded in 20/23 were £600 for the River Sid Walkway Project which is an
ongoing development this year.
Financial review
Membership numbers fell from 241 to 228 with Donations and Subscriptlon
Income of £11101. a 1 % reduction on the prevlous years.
Expenditure on charltable activities Incr8ased by £702 (+ 5.4%))
The end of year Reserves at £17601 are equlvalent to 9.9 mnths of overall
expenditure. The Society's Financial Reserves Pollcy is to rnalntaln reserves at
tevel of between 3 and 9 months of annual expendrture.
However, whilst the Reserves Polfcy has been met this financial year, It should be
recognised that our membership numbers and income are falling and that we
made a loss of £3289 in the year. These are ominous slgns which need to be
addressed urgentty to avoid reserrfes being depleted over time and the future of
the Society being threatened. Further grants are currently on hold until the 24/25
financial PiGture becomes clear.
The Lecture and Study Day programmes for next year are secure but it has been
necessary to increase the annual subscription by £5 to £45 for 24125. This still
remains excellent value being only £5 per lectu￿.
Relmbursement of tax under the Gfft Ald Scheme is obtained annually and the
appropriate declarations are held for each taxpayer. The amount for 23124 was
£1267 up 8% on the prevk>us year.

Public benefit
The Trustees have paid due regard to the relevant Charity Commission guidance,
and consider that the activities outlined in this report meet the public benefit
requirement for charities.
ststement of Trustees responsibilities
The Trustees are responsible for preparing the Trustees, Report and the Financial
Statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to
prepare financial statements for each financial year which give a true and fair view
of the state of affairs of the charity and of the incoming resources and application
of resources of the charity for that period. In preparing these financial statements,
the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methcmjs and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed. subject to
any material departures disclosed and explained in the financial statements.
prepare the financial statements on the ongoing basis unless it is inappropriate
to presume the Charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose,
with reasonable accuracy, at any time the financial position of the Charity and
enable them to ensure that the financial statements comply with the Charities Act
2011 and the Charity accounts SORP FRS102. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for
the prevention and detection of fraud and other irTegularities.
Signature and Declaration
I declare, in my capacity of charty trustee, that the trustees have approved the
report above and have authorised me to sign it on their behalf.
Signature:
Full name: Graham Richard Gill
Position:
Chair of Trustees
Date:
10.05.2024.

THE ARTS SOCIETY SIDMOLITH
REG15fERED CIO: 1178103
RECEIPTS AND PAYMENTS ACCOUP
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
Reserves
Total
31.03.2024
Totsl
31.03.2023
RECEIPTS
31.03.2024
Donations and Subscriptions
11.l(K).75
11,i(Ki.75
11,622
Investment Income
237
Other Income
6.418.05
6.418.05
5,213
TOTAL RECEIPTS
18,127.86
18,127.86
17.072
PAYMENTS
On Charitsble Actimties
13,556.13
13,556.13
12,854
Other Expenditure
7.861.09
7.861.09
5.983
TOTAL PAYMENTS
21.417.22
21.417.22
18,837
NET OF RECEIPTSIPAYMENTS
13.289.361
13.289.361
{1,7651
8alance as at l April 2023
20.890.50
20,890.50
22.655
BALANCE AS AT 31 MARCH 2024
17,601.14
17,6DI.14
20,891

THE ARTS ￿clETh SIDMOLITH
REGISTERED CIO: 1178103
STATEMEr
F ASSETS AND UABILMES AS AT 31 MARCH 2
24
AsAt
3.2023
CURRE￿ ASSETS
31.03.2024
COIF Charities Deposit Fund
10.844.11
10.341
Cash in Hand
105.90
Loan to the Patricia Fay Memorial Fund
5,(MXI.IY)
CAF Cash Extra Account
630.63
707
CAF Gold Account
1,020.50
4,543
Totsl Current Assets
17,601.14
20,891
UABILITIES
Net Asset Surplus (Defidt)
17,601.14
20,891
REPRESEf4TED BY FUNDS
Unrestricted General
12,601.14
15,891
Unrestricted- Designated IPatricia Fay Memorial Fund)
5,OCM).00
Totsl
17,601.14
20,891
Approved by the board of Trustees and $18ned on thelr behalf br.
Philip Hughes, Treasurer & Trustee
Graham Gill, Chairman & Trustee
Date

' THE ARTS SOCIETY SIDMOUTH
REGISTERED CIO: 1178103
NOTE5 TO AcCOuP￿s
FOR THE YEAR ENDED 31 MARCH 2024
INCOME
Unrestrlcted
Reserve5
Total
31.0
31.03.2024 ￿￿24
Donatlons and subKrlptlons
31.03.2023
subscriptions Gift Aided
Subscriptions not Gift Aided
Subscriptions Paid in Advance
Joining Fees
Gift Aid Tax Recovered
Visitors Donations
Donatlons and substJlptlons toial
4.660.CK)
4.477.75
4,660.CM)
4.477.75
4,680
160
160
1,170
202
21XI.IXI
1.267.IX)
496.IX)
11 I￿.75
200.
1,267.
496.crfj
11 IW.75
Investments
Interest Income
237
Invesbnents Totals
609.06
237
Othw Income
Grants Received
Coffee Donations
Educational Study Days
Christmas Lunch
Committee Lunch *
Educational Trips
Sundries -Income
oth￿ Income Totsls
250
410
2,551
1,998
357
52
293.05
3.289.(Ml
2.259.
416.IX)
293.05
3,289.
2,259.LK)
416.th)
156.
156.fK)
6,418.05
6,418.05
5,623
Income Grand totals
18,127.86
18,127.86
17.072
• Notes
Committee lunch self balancin8. £357 tsken in year ending 2023

THE ARTS soaEff SlDMOlml
REGISTERED CIO: 1178103
NOTES TO ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted
Reserve
31.03.2024
EXPENDITURE
On charllable artlvlties
Decomtlve & FlneArts & Aesthetlc Educatl
lerturer's Fees
Total
Total
31.03.2024 31.03.2023
3.450.c#J
999.22
3,450.(KI
999.22
3,295
1,140
1,395
4,134
Lecturer's Expenses
Hire of Lecture Rooms
Arts Society Affiliation Fees
Grants
1.395.LKI
3.962.04
1,395.C(I
3,962.04
Art & Technology Lecture
Audio V15ual Costs
Post Lecture Lunches & Discussion
Web Site
223.50
223.50
144
1,695.80
1,140.57
90.(M)
1,695.80
1,140.57
90.
1,284
957
Totsl
12,956.11
12.956.13
12,439
Presemitl¢￿ oIArtlstlc Herftoqe
Grants
Sidmouth Coastal Walkwèy Project
Total
Schoolond un1ve￿ItyArts Education
Grants
Schools Projects
Total
415
415
Total Expendlture on tharltsble actS¥ltles
13,556.13
13,S56.13
12,854

Other expendlture
Cornmittee & Governance
Committee Lunch expenditure.
Independent Examiner's Fees
Office & Running Expenses
Insurance
463.75
463.75
392
773.00
773.00
420.00
420.(X)
420
23.35
23.35
69
184.CX)
i84.￿)
173
Catering and coffee Costs
Bank Charges
Christmas Lunch Expenditure
Educational Study Days Expenditure
Educational Trips Expenditure
Membership Services -Comrnunications
Membership Services-AGM & Events
Total Other expendlture
176.99
176.99
173
97.20
97.20
126
2,300.00
3,044.80
156.
2,3C￿.1xl
3,044.80
156.00
1.490
2,627
114.00
114.
310
108.Th)
108.00
202
7.861.09
7,861.09
5,982
Expendlture Grand totsls
21,417.22
21,417.22
18,836
* Notes
Committee Lunch self balancing

CHARITY COMMISSION; Independent examiner's
FOR ENGLAND AND WALES |
report on the accounts
Section A
Independent Examiner s Report
Report to the trusteesl
members of
Th• Arts Soclety Sldmouth
On accounts for the year
andod
31* March 2024
Charity no
lif any)
1178103
Set out on pages
I report to the trustees on my examination of the accounts of the
st
charity (Xhe Trust") for the yaar ended 31 March 2024.
Responsibllltles and As the tharity trustees of the Trust, you are reS￿n￿ble for the preparation
basis of report of the attounts in xcordance with the r4uirements of the Charities Act
2011 (Yhe Acr}.
I report in respect of my examination of the Trust's ￿)Unts carried out
under section 145 of the 2011 Act and in carrying out my examination. I
have followed the applicable Directions given by the Charty Commission
under section 145{5llbl of the Act.
I have ￿Mpleted my examination. I confimi that no material matters have
come to my attents'on
"} in connection with
the examinab.on which 9ives ITE cause to believe that in. any material
resFEd:
aco)unts"ng records were not kept in a(￿rdance y￿th section 130 of
the Act or
the accounts do not ￿Cord wrth the accounting records
Independent
examinerfs statement
I have no COn￿mS and have come across no other matters in connection
with the examination to whith attents'on should be drawn in order to enable a
proper understanding of the acts)unts to be reached.
. Please delete the words in Ihe brad(ets rf they do not apply.
Signod:
Name:
HiiIP Ro
Relevant professlonal
qualificallon(51 or body
(rfany):
Address:
IER
October 2018