Rnances Accounts for the year to 31 December 2024 are enclosed. There was a modest surplus of income over expenditure, desp5te a significant increase in expenses. particularly for the Annual Open Exhibition and in Admin costs, including printin& postage and an upgrade of the web-site. The Open had an extended run but VMS largely 5UPPOrted by part of the grant from the Heritage Lottery Fund. The Anna Airy Awards were again generously sponsored by the The Arts Societies of South-East Suffolk and Woodbridge. Mernber5hip number5 and Subscriptions received are increasing steadily. and sales of the 150 th Anniversary book went a good way towards covering costs. Art.wDrk sales at the Open and Small Works exhibitions were at about the same level as in 2023. Apart from the Open, the 8rant from Heritsge Lottery Find was used for additional events and activities wlthin the Art at the Heart pro8rarnme. These will be accounted for separately for the period ended 28 February 2025, when the grant expires. The stète of the SocieVs finance5 is satisfactory. with adequate fund5 in re5er¥e, but there are ncems about the impact that rising costs will have for the current year and beyond. Annual subscrlptlons for 2025 became due on l January and are unthanged at £25 for Members and £15 for Frlends. Payment can be made by on41ne transfer to the Soderfs account at: sort code 53-61.24 number 71334432, or by cheque Ipayable to Ipswlch Art Sodety) to th• Tr•asw•r al 89 Bucklesham Road, Ipswlch, IP3 8Tf. Thank you. If you wlll not be renewln8 your membershlp thls ye•r, It would be helplul If you could let us know, please. Chris Edmondson (Hon. Treasurerl Finances reportfvrmorch 2025 newsletter.
CHARITY COMMISSION FOR ETrLAND AND WALES Independent examiner's report on the accounts Section A Independent Examtner's Report Report to the trustees Ipswich Art Society On accounts for the year end•d 3111212024 Charity no {if any) 219257 Set out on pagos Sections A and B I report to the Iruslees on my examination of the accounts of the above chanty {"the Trust-) for the year ended 3111212024. As the charity's trustees, you are sponSible for the preparation of the accounts In accordance with the requirements of the Charities Act 2011 {"the Act") Ro8pon8ibilitles and basls of roport I report in spect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5llb) of the Act. Independent I have completed my examination. I confim that no material matters have examlner'8 statsment come lo my attention (other than that disclosed below "l in connection with the examination which gives me cause to believe that in, any material spect. accounts'ng records were nol kept in accordance wrth section 130 of the Act or the accounts do not accord with the accounting records I have no concems and have Come across no other matters in connection with the examination to vthich attention should tre drawn Signed: Date: 1910912025 Name: Alistair Porter FMA4T AATQB Relevant professlonal qualification{sl or body Ilf any): Association of Accounting Technicians (A4n Address: 9 Byford Court. Crockatt Road Hadleigh. Suffolk IP7 6RD
Section B Disclosure Only complele Il the examiner needs lo highl.'ghl maleiial matters ol Gonrn (see CC32. Independenl examination of charity accounts.. directions and guidan fof examiners). Give here brief detsils of any Items that the examiner wishes to disclose. None
CHARITY COMMISSION FOR ENfjLAND ANO WALES Ipswch Art Socloty 2192S7 Receipts and payments accounts CC16a For the period from 0110112024 3111212024 To Section A Receipts and payments Unmtrict•d lund• Restrfcted funds Endowment funds Tot•1 fund• Lajt yoar 10 il• M41•4t£ to th• n•amtE toth• nMr•si E Al Rec•1 ts subsJwlij Gift Aid Donat Annual Open Eyhibbon Sm411 Wcrfks Exthtsuon na AryAw8ffj Exhthl ISh Anniv•ryary PAX Book Sale5 Othtrr Incoffle ril Lottery Grn Bank Account Iniwo61 3.782 549 220 1782 $07 &331 670 3,570 5,762 1,832 13 67.964 231 Sub total(Gross income for AR) 17,1¢3 .196 .178 15. A2 Auet and Inv••lm•nt Ml••. (See tsblel. Sub tal 17.683 .196 15.600 A3Pa ment¥ Adminijiraiion Annual OLW Exhibli Smèii Works Exhibti Ann8 A*trd 3.423 2.202 4,0 S,426 1,407 1.371 472 472 1501h Anni¥Sry Boo Primwry Sh Emhitth Meeiinfj$ and Sw•1 E¥wts Lottary Gr•ni J50 58.127 SQ127 Sub total 17,$2S 73.652 14.X)1 A4 A•••t •nd InTmtment ureha#.
ee t¥blg
Sub total 17.525 $8,127 n,652 14,301 Net of rn¢olpW(wyments) A5 Tran8lerJ betn fund• A6 Calh lund8 I¥BI year end Cash funds thls yr end 12.IM8 12.226 1.U7 10.423 10.581 10.423 22.649 12.068 1,367 CCXX R18cu)unts Issi
Section B Statement of assets and liabilities at the end of the period Unrestricted fund• to E Restricted fundj End(>wment funds to n•ar4•t£ ¢ategorle• Oetsils 81 Ca•h fvnd -4432 141• 2178 12.088 Total cash funds 10,581 12,068 OK Unrn•trlct•d lund8 to nmrvthi £ Re•tricted lund• to n•ar•si £ Endowment fund• D•iall• lo n•JroJt É Ful D•tsii• Cw Iooion•ll B3 InvMtm•nt ••••l• Fund iothI Curr•Tht v4lu• D•tll• CoBt lo• B4 A•••l• r•tsln•d for th• ch#rbty'# own u#• Fvnd to tri¢h wh•n 85 Llabllltl Signod by onts or tru$•s ort behaff ol 811 the IN8tee8 SvJn8tur Print Nam• Dale of roval Chris Edmondstsn 1910912025 CCKX R2 account5 ISSI 1910912025