DAS TI I E DECC)tIATIVI AP,T_% %C)LI ETY ,111-I & I)F_%IknN 185() TC) TI I I.- I'IILSINT REPORT OF THE TRI"STEES AND FINXYCIAL STATEMENTS FOR THE YEAR ENDED 31 ￿[ARCH 2025 THE DECORATIVE ARTS SOCtETY 1850 TO THE PPESENr c."or*-I'Tr'N'I'% PAGE SEFEHENCE AND ADNItNtSTBATTrE DETAILS REPORT OF THE TRLTSTEES RF.PORI' or. THI.. INDI.'PF.'.Nf)F.NT FM" MINER s"rA"I"I.'.Ml.'M' ()i." I."tNANC.'IAI. AcllviTII.'S BALANCE SHEET NOTES TO THE FINANCIAL STATEMENts DAS AceouAts Tr"ear en&d 31 March 2025 FfhAL Page I THE DECORA TIVE ARTS SOCIETY 1850 TO THE PRES REFERENCE AND ADMtMSTRATtVE DETAIIS FOR THE YEAR EIYDED 31 MARCH 2025 REGISTERED CHAIUTY NO. 271838 PATRONS Margaret B￿rd Anne Ceresole John Everett Charlotte Gere OBE FSA John Keatley Martin Levy FSA Betsy Newell The Lady Vaizey CBE Dr Susan Weber FSA Banie and Deed¢¢ Wigmore Christopher Wilk Robert Wilson OBE TRusfEES Alex Werner Mar8aret Baird Hilary Barton Anthony BembauEn Frances Duttke15 CVO Sarnh Nichols John Park Ashley Weaver-Paul Martin Webster Matthew Winterbottom David Wurtzel Robin Wyatt (Chair) (Rcsigned 28 J8nY￿ 2025) IRe5igned 20 Jun¢ 2024) (Resigned 20 (ktober2025) (Honordry Tr￿u[trand Chair. Grants SulTr¢on￿lltee) IApFrfTrillted 22 Aprtl 20251 {ApTM)inied 6 January 20251 ISo¢ial Media and Chair, New Voice5 Grnup) (AprK)inted 8 Juty 2024) (Chair, Events Sub-committee) (Resign￿ 22 Iktober 2024) (Re5i8ned 23 Oaober 20241 EX4)FFICIO COMMirrEE MEMBERS Stella Beddoe {Journ81 Editor) Mark Easthjeni {Honordry Journal Co4)rdingtor} Sharon G(M)denough FCA (Honorary A¢countaDt> AlexaGrny (Websi* Mana8er} Alison Hart (MeTnbership Se¢retsry) Helen Kaymer IW¢b5ite Edttorl Perilla Kinchin INewsleller Editor) R¢berca Klarner (Honorary Secretary) REGISTERED ADDRESS P.0. Box 136. w{￿bridge. Suffolk IP12 ITG INDEPENDENT EXAMINER D A Sander5 FC& Sheen Sii¢klaTJd Chartered A¢countaDL% 2 Oriel Cour( Omega Park. Alton, Hampshire GU34 2Yr BANKERS Barclays Bank PLC S¢ottish Widow5 B8nL P.0. Box 883. Leeds LSI 9TY CCLA Fut￿ Manager5 LimÈte4 (kne Angel Lane. LOn￿n EC4R 3AB DASACCOth￿ Y¢areJthJ 31 Marthl)25 FINAL Page 2 THE DECORATIVE ARTS S(KIETY 1850 TO THE PRESENr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The ￿￿1¢¢$ of the Decorative Arts Society 1850 to the pre￿￿t ('the knery'l present their 8nnual trport and financia] 5ta¢em¢nts for the year £￿ded 31 Mar¢h 2025. The financial statements have been prepared in accordanee with the accouniing Trlicies sct out in note 2 to the finaRcial sthtements and ¢ompty with the charity's In￿1 deed. the Charities Aci 201 l and "Accounting and Reponing by Charitie5: Statement of RtwMmet￿td Pradkce applicable to charitits prtpaTing their accounts in a¢cordance with the Finan¢ial Reponing Standard appli¢able in the UK and Republic of Ireland IFRS 1021" issued on 16 July 2014, and ameEMled with elTe¢i from l JaThuary 2016 and with effrft from l J8nuary 2019. PATRONS Andrew Mclntosh Patrick. a fomier Chair of the Society and a patron for many years. dioj in [k¢em￿r 2024. In recognition of her many years as a fomier Chair of the Even¢s Sub-¢ommittee. Margard Bai¥d was made a patroTh of the Society following her resignation as a trusiee with effect from 28 January 2025. There have been no other changes to the Society's Patrons since the tru5tee5' I￿ re￿￿L STRUCTURE, GOVERliANCE AND MAI%AGEMENT The Society is a regiaered ¢harity. nutnber 271838. and is wnstituttd b). Trust Deed d*ed 23 April 1976. The Swiety is managed by a Committee which comprises the ￿￿Tee$ and ex-officio Members named on page 2. The iwsiees have been in office from l April 2024 ￿ th¢ date of this rew)rt unl￿$ otheThYise stated. The apFoirthnent of trnstees is governed by the Tnst Deed of the Society. The Committee of Trustees is authorised to aprx)iThi new trustees to fill ¥a¢an¢ies arising through resignation or death of an extsijtl8 trustee. Any training needs will be dttcrniined x¢ordin8 to the experience and abilities of cach trustee. The Society's Committee Tneets 8t leam four limes each year. to agree the broad str&egy and areas ofacttvity for the &)ciety. including ¢ot]$iderwton of 8rant makin& events and fjrwjcial perfonnancc. The Commit*e also an Events Sub- committee. a Grants Sub-committtt and an Editorial Panel (for its annual Jwrnall. oBJEcrivES AIYD ACTIVITILS The Society's objertlves are to fomer and promote among the gen¢r81 public the knowledge. und¢rstandtng w]d appreciation of the decorative arts from 1850 to the present day, particularly in Gr￿ Britsin. Europe and the USA, and to encourage. pn)mot¢. dis5erninate and publish s¢hol8rly research into the deo)r*ive wts. The tsvstees eonfllm that they have referred to the Charity Comrnis5iOll'5 guithce on public benefft when revi¢win8 the Society's aims and objective& in planning futurt aaivities, and settin8 the grdllt nJaking EM)licy for the ytar. Grants ayailable fall irtto three cate8OriCS'. Collectioft$ Aeeess Gr*nts: two annua] gran￿ of up to £7JOO each. which aim to support ¢urators in extending acce5S to. and knowledge of, th¢ dec0￿1Ve arts in their ¢olleaioDS. Additional grants may be awarded at the diS￿e[jon of ihe trustee (li) Grnnts for AcquisitiODS: SUPE￿ for publi¢ly ￿nded museurns in acquiring objects for their collectiOll5 whi¢h fall within the categories and tirne5cal¢ covered by the S(Kiety. Normally no more than half of the purchase price will k (ontribute4 and no grdnl will excetd £2.000 exc¢w in exceptiond ¢i￿￿ms￿n¢es and at the dis¢r¢iion of the trustees. (iÈi) Grnnts io SMPP)n R¢wrch and Tr*vel: two grnnts per annum. of up to £l.000 each, io assist with travel and subsistence conneded with ￿Search in the decorative arts. They are avoilable ￿ deLuTrrative arts professionals, searchers and rx)si8raduate studenw with priority being given io those working in or atwhed kn publicly funded UK museums or ittstitutions. With effed from April 2024, an additional £l.O(M) per annum (inc¥ea5ing to £2,0(K> per annurn frorn July 2025) has bttn m*le available for ¢areer development trdvel grants (being trnv¢l grants to enable eli8ible individua]s io attend. for example. confrrences and seminars). The trusiees also consider applications forothtr grants fall within th¢ tArameters olthe interests of the Society. In addition. the Society m￿ts its public b¢nefii obligations by: Publishing research in its athnuaj sol￿al. mucb of which might otherwise remain unpublished. {ii) Encouragin8 Student tnember5hip of the Society by offering a reduced sub5CriPtion rate; (iiil Having its own website- and {ivl Running 8 programme of fr¢¢ l¢¢thre5 via ZIK)Th. During the year. the"New Voi¢es" group was ¢re*& the aim of which is to engage and support emerging d¢¢oraiive atts prof¢sssona15 and aficiollados. Page 3 THE DECORATtVE ARTS SOCIF.TY 1850 TO IFIE PRISENr REPORT OF THE TRLSTEES FOR THE YEAR EYDED 31 MARCH 2025- cOntI￿ll￿1 DLiring th¢ year. in pursuattce of its chatitsbie iybjecti&E& th¢ So¢iery has made the following gt#nts.' Dai'id PaTr House. CambTSdge- Collections Acces5 Grant of £5.￿XI.. Siraikberry ￿.1] Hoiise- Colle£tions Access Grant of £5.Cth.. Man¥ Jmuseiim. Isle of.¥18ll (-ollections Acccss (i13llt of £5.8(M): Harris.Mus¢um & Art Gallery. Pr¢slon- £450 for the acquisitioll of a Horrocks n'¢nittg dr l.akelatsd Arts - £1.(rfXJ low*rds the acquisition of2 Baillie Scoii cabinet for BIackiYell: Tii'o reseaieb and tralel grnnts. totalling £1.365: aJM4 a grunl of£538 to Lov¢r rcpr(xJuction for a publication on Alfred Moryis)n. The Society a150 published its annual Journal a[￿ Ne￿￿letter& and o￿a￿lsed the folloThiDg eN'ents: Overseas study lour". Marsetlle 10.M¢ulon UK study lour5". North E35t England Derb)shire and goiith Yotkshire tknricb House.Mu5eum. kna8slon.up)n-Thames Cambridge (David Parr House and rh¢ Painled Cburchl Ckn"cbesiei IP8llant House and th¢ cathe<1￿1) Ilenrv IITillclt 5 (-ollLXtion of Popular Pottery. V&A Cetttral St,MartiDs Museum and Study Centre Ch¢lienham Ladits College IA'illiam Mom5 S(KictY .Mullstead V¢"(KKt House aDd Cwd¢u5 Strawberry House Onc pn%'¥l¢ N'iei¥' IWLKFllcy & Wlallis) One piivate collectio Olle ￿ZIk (City of L¢)ndonl Annual MeetÈn8 for Membe[5 3¢ the Museum of the Home. London '"Infomul s-i5il-" lo KeiN CJard¢ns to i-ittl, the Felicity Avlieff exhibiljon It)f0m￿l iisil" to Th¢ Arc ill ￿rInc&￿ter to I'irn the Hans Coper exkn"bition These eTr¢nt5 Ivere well siipw>rted by ￿em￿￿S. '"ltstotll￿l %isits- are a recelll Runo￿atIOn. for Th'hich no ckaJEe is m8d¢ by the Society." mernbers are iDi'ired io l.le￿. an oxbibiiton at a specified litJ>e attd th.xuss li oi'er refteshtllents afternth. tll addilion. tbe S￿Iety a programme of fow leclures via Zootn on tcytcs of rele17￿ce lo the S￿Iety 5 objectii'es, the SLibjects being.. "O¥ieR Jones and the Earlv V&A" by Olivia Hotsfall Turner FSA: "Il'amen Pjoneets ofihc Ans & Craf1s.Uu￿L￿e￿l-' by Kd¥CQ l.i%ingslone TrIiSA- "The.Ma¢k.. Chatles Rennie.Macliuiosh alld the Gjasgoii" S¢hiKIl of Art" by Dr Robylle CalTrert: "Alfieil fvlorrison.. Parmn and Collector, by Pr(TrlesSOt Carobne Dakery. The lecwres were fre¢ aud Vlett Tr'ell 5UPPOrted by members alld 00D.D￿1nb￿s. The Anni&ersary Fllod. eslablished as a result of ¢he4￿ Anniirtsary Appeal laW￿hed in Novem￿r ?015. has en)bled tbe Society lo makE the grat)15 detailed aix>i"e. The tn]slees very8rateful kn mEmbers wbo have contributed 50 generously io the Fuud alld ii'bo h2Ne wppotsed the &KAety"s ekents. UK fvisits.. Other". FI)ANC.IAL REVIEW. The fjnancial statements sho￿. a surplu5 for the y¢at of £14.!.S• 1?024.. 13.3221. The General Fulld acEll"eN'ed a surplus of £?7..17(J110?4.. [?7.9531. 10 which a $ll￿1￿5 on ihc c￿entS piogrdwnJtK a sign1rjc￿il LOnIrit￿llon. A dcfJci( of£13.124 i?0?4.. £14.6_31 l is attributed lo The AtJllhi"ersary Fund.. as in prei-lousyears. the deficjt for the year 00] tEu5 Fujjd is due lo gr2nt5 beLll4 made out of previou5 years donations. The ana]vsis of the sU￿1￿S bem'een the Generdl Fund 2JMI The Annii'cr5ary l."und is Sta1￿ before the transf¢r of£?J.(KMI Fthi'een funds ieferred to bekiw. The tnisiee5 aim to keep administralion costs lo a miwmum. Some of the adtni]iistration of the Society coniirtiies to be ¢artied i)ul by Ihc tnisleLS drtd d numbcr ofihc ex-olltcio comniitlL* mL.mbe￿ on a N'olunlary bdS1& bul some expensl's aic rcitnbursed., hoii'ever. the Society does hai'e the seji.ices of a paid part-lime me[n￿rshIP sec￿13￿ alld pays an hollorariu￿ to EK)Ib the bonorary sectelary a[￿ the ii'ebs2te maDager. In sdth.tiO￿ fees are paid to the Jijurnal and New￿¢￿tr editors. DAS Aceth￿t$ I'earellded 31 March20*5 FLNAL Page 4 THE DECORA TIVE ARTS SOCIF.TY 1850 TO THE PRESEWI REPORT OF THE TRI".STEES FOR THE YEAR E)TDED 31 ￿L￿RCH 2025 - conilnued Ullrestricted fi]nds as at 3 1 March ?075 total £?59.I34120?4: £241.98?). ofwhKh £85.349120?4.. £73.47.1I is attnbutsble ti> 'I"hc Anr]Ji"crsdry Fimd. -l.hc Anni¥"Lf5aTh' I'uthd balancL ts slalLyI dlt¢r a Ird]]sfer olL?5.¢NW from thc (i¢ncral l.und. In recog￿110￿ of th¢ sllrplu8 ackne¥'ed the ei-"ent$ programme diwujg the year. order lo iniproN'e the inteiesi earnings on SU￿111$ fvnds Ibekng fUL￿S nol Tequired Én the imrndiate fuNiel. a high interesl e3TiJing account Iihe COIF ChxTilies tkposit Fund) Th'as opcncd ii'iih CCLA durillg the year. This accoullt and ihe hast rate trackei Ivith Scottisb WidoTrs held for the long-terni. The S￿le¢V d(XS JM)t Consider il appr£yisate to inN'est equity or knnd flin(L￿. Day-tIFddy cash requiremcllLq are mel from thL ljarclay% accounts Islcrling and cur() acci)unl¥. and a deposit accouotl". Ihe kniely ajjns io mainlaiD a iHlallt¢ sn its currenl account5 0(arollnd £IO.O(M). with any fvnds in excess of this being held ill the deposit ¥count. RFSERVES POI.IC.Y The Socjety has a reser¥"es policy itx place desi_4tted to protect tbe fmancial p)sition of the SocietN' 8qainst any unexpeLted sbottfall in income (for ￿aInple. subscripiionsl or itkcrease in expendiftire (for exanwle. Joutllal ¢ostsl. ReseTh'es are also reqiilled io en3ble the S¢￿iety to fukfd its public b¢nefii obliqations sknuid be a deteriorati¢)n ID the Society's financial sitioll. Tht irnstees coiisider that the le¥"cl of wtve5 {￿ill8 totsl uute5trirt¢d fu￿) sbould ￿ suffjcieni to guard ag&in5t a significatkt deterioratAon the knJ¢ty'S ruw￿1￿1 J￿ItiOn oi.er a three ytar periLKI: on thi.s basi& the ]nitiimutn I￿,el of rLservc% rLNuircd is £120.IMM). "I"hi5 lel'el 15 rci'icitrrd ￿n(￿lIcallY. The Society's total untesttlcieil fllttds are CULTenily sigllificantly excess of the mitjiEDu￿ level of reserves requjred. Hoii'ei'er. giN'en the recent increases ￿ grants ai'ailable aDd itttteases in Journal an4J ￿¢￿'s1etter costs. the ttustees L(IDsider ihdt no aLlion 15 reqiitrcd io addres5 Ihis excess. FITifRE DEVELOPIIEIYTS Ill May ?Otyfj. the Society beld a SyTh)p)sii￿ to JR]ark- its >￿An￿li.¢rs9ry 20?j-6. Further io tnark tEll"s aE)niversary are in deielopmenl for laier Lll 707$ and into ?0)6. Rlsk )IANAGEIIENT The Ir1151eey aciiN'el> rei'iew major risks I￿h1¢h the Soeietv faces ￿ 8 rwilar b¥sis. The s]xcific risks lo Ihe Society are a fall in subscrjplion I￿.el, a ￿￿P in ei'ents income. illcrea5e in adt¥LLnistsaEiOL Journal and ¥•1'51eiier costs. Further risk's corL)e from unforeseen expenses 10 the Swiety. The thistees also &x•mitied otlw oFrational ar4J busiuess r￿kS faced by tbe Society and confitm ihai they hai'L eslabli4hcd $￿SteMS lo miligaie signifjcanl T15ks. STATEIIEYt OF TRI"STEES' RESPONSIBILrrIES l.ai¥' applJLdt)Ic lo ch94 ri15c% in l..ngland and Il'alL'S require5 the t￿￿1CC5 to prepare financial slalc¥netLts for tath fjnancial year hich give a itue atid fair i'iJi" of Ibe chariry-s fitw)ciai actiNilÈes duriu4 the year and of its ftiJatlCLal wsillon at the end of the year. In prcpaiiELg those f]nan¢ial slalements. the Iruslees aTe i¢quired to.. .lecl 5uilablL accuuniing Jx)IiLIL'S and then apply IhcTn consJ51entJy: ll￿ke jiidgejnents and estitllale5 thai at¢ reasonable pnmlent: 4latc iTrhcthcT 3ppIILablc acLOLinting standards and daterneTrts ofrecommeEKlcd pwlicc ha￿e follo￿.ed. subjecl lo anv dtparW￿S disclosed and expl&ined in Ihe financial statements: prepare the flnancial stalemcllls on lh¢ going concern knis unless il is inappropriate to PTe5uJlle thai th¢ charity will eonlinlle in operatjo The Inlsiees are r¢sp)JJsible for Leeptng accoUntill￿ rerords M'htcb djsclose i￿LIb reasonable 4¢¢uraty at any time the financial po¥JlJ()n i)i-Ihc charil}' atsd L'nablc ihL'tn Io Lytsure ihal Ihc financial slalcrncnls comply ￿'*ih thc (-harilics Act ?01 S. 'I"hey arc also responsible for 5afe8uarding the a55ets of th¢ chan.ry atKI he￿￿ for reasonable slep5 for the Pre￿entiOn aiid detection of frniid and other irregularities. by ttU5tee5 oll 11 (kiober ?075 attd signed on their behalf by." Alex 'CTncr, ("haii DAS.4CCOilnts Th-eartn￿ 31 Ilarrh 2025 FfhAL Page 5 THE DF.CORATIVF. ARTS SOCIETY 185(I TO I'HE PRESENT INDEPENDENT E.￿l11￿￿R.s REPORT TO THE TRITSTEES OF THE DECOIUTII'E ARTS SOCIETY I report io th¢ tN$l¢c5 mv exanllnation ofthe acttrwits rot lknc Ixxordtive Arts kniety I'the Soriely'l foi th¢ ycar ¢nded 31 Mar¢b ?0?5. Responsibilities a￿d bxsi5 of Ttport As the charity tnJst¢¢s of the kniety you are Tesp)usible fotth¢ pwaralion of the accounts In accotdao¢¢ #'ith ihe requiremLnis of thc C.hanlies Acl 1011 I'the Acl-l. I rtporf in respect ot.my exami02tion ol'the S All the income and expendittwe in Ihe yeyrs ended 31 2025 and 31 March ?024 relale to unresiriclcd lun(Is. DAS Aec•ullts l.ear cllded 31 Ma￿h 2025 FtsAL Page 7 THE DECORATIVE ARTS SOCIETY 1850 TO THE PRESENT BAL￿CE SHEET AS AT 31 NL4RCH 2025 2025 2024 FLiTD ASSETS Tangible assets 14 18 C.IIUiENT ASSETS Debtors 15 4.495 Cash at bank and halld 16 270.081 ?.59,.4.40 Tot81 current ￿Sets 274.576 ?00,886 CREDITORS- falliDg due wilhin ome year 17 115JEQI ' T CiWiENT.4&SETS 259.216 744.Q_58 ET ASSETS 244,982 THE TrI'YDS OTr "niE C.HARITY Ilnreslricled funds 18& 19 244,982 The lloÈe5 on ￿geS 9 to 13 fonn part of these fuwicial 5tstetneDts. Approved bythe trustees on 21 (ktober 20?5 8od o￿theIr behalf by: Alex Werner Icbair) SarAh ￿le￿OIS IHoJw Treasurer) DAS Aciiwjllts Tr"e8r ended 31 M*rb 2025 FINAL Page 8 THE DEC.ORA TIVF. ARTS SOCIETY 1850 TO THE PkL.'SENI' NOTES TO THE Fif*ANCIAL sTATE￿IEryTS $1-AT*.￿l￿.l￿lT OF COIIPI.I,INf.F. The Decoralive Arts Society 1850 to the Present I'the Soci￿") is att unincorporaled charity registered in Eng￿lld. charily numbL'r 271¥38. 'I'h¢ tcgjslered addrL¥ is P.(). Ilox 136. II"'(Kxlbridge. %uÉTolk IP12 1.111. The fU￿1ClaI slatemenfs are preselli¢d IL) Steiliog. s*hich is the fiU￿tIonal currency of the S￿lery. 8t￿ rollllded to the nearest poiind. ACCOIThTLYG POIJCIES B4515 of preparation and a5St55Thent of goinR concern Tht fJnaDcial stsiemettis hai'e been prepared under ihe hislortcal cost con%'enlion items recognised al ¢osI or transaction i"alu¢ ujdess otheÈivise slated in th¢ relei'ani note to these r￿n£la7 51atemettts. The fiEwicial slaiement% have beert prepared in accoTdan¢e i*iih'"Accounting a[￿ Rep{￿illg triv fhan"tJes.' Sialement of RecoMMet￿ed Practice applicabl¢ to charities preParI￿g their accouDts itt aicordantt I￿lIh the Fuwicial Reportin8 SlandaTd applitable ￿ the LK and Rcpuhlic of Ireland IFRS 1021" i-.the S()RP-'I. Is51*d on 16 Julv *014 al￿ amEnded v'lih effeci frorn l janI￿ry 7016 and ￿'1th effect frojn l Jalluary ?019. the FAI)a￿claI Reportwg Stslldard appllcable in tkle Lniled Kingdom and Repubhc of Iteland IFKS 10?1 and the C-harJlie5 Act ?01 l. -1 hL. %(Kiety C<)nslitutes a piiblic I￿ner11 cntily a5 dcfinLyI by l.-KS 10? The tnislees conslder Ihal th¢T¢ are njaierial ullcettailllie5 ab¢)ut the kniety s abality tv foniinue a goiug conceru nd ihal therc are s￿￿1Cl¢￿t funds io enable the Sociel}' lo Iwralc for the foreseeable futurc. 'llJcrc aiL 110 signilkcanl areas of adjusrm¢nl OE key assumptions thai atrect Jiems in the finallcial stalem£tsts. Restricted fiinds are funds are to ￿ used acc(thce ￿'11h specific restiictioDs Mnposed by donors W￿"ch have bccn raised ty the charity for particuJatPUTtMJSts. The aim and use ofcarh restricied fur￿ are sel out in the noles to the fJtLancial staiem¢nts. Unrestrictcd funds comprise trM)SL. funds ￿'hICh th¢ twslces are frre to u* for any pul￿￿5C in furthcrdllcL of Ihe knicty's charitable objects. lJnre5tticled funds include fuDds wthich th¢ Lrusi&s. ai Iheir di5cretiotL have ¢reated for 8 spec2fjc purpose. All allalysis o(ullte5ttirt¢d fijnds is presenied ill ￿1¢ 18 to the fiJJancial state￿ents. Incomr rrrt)gnilio All incorne i5 r¢L0gnised afjd iniluded LD the Sialenienl ofFitiaticial AL-lii'ities once the chatity has entitlement to the iniomL. IhLre is %utTi¢ieDI ccrtainlj ofrL*L'ipI and il is prithble ihal the Jncome ii'ill bc ¥rcciN'ed, and the amount of income recei￿able can be rnea￿￿ed reliably. Donations athd members. subscriplions are accounl¢d foi gross of incon]e refurtds. i¥.'here 2pplJcable. trom visits and S￿dY t011I5 l5 gross. ￿lth the a5￿Ciated costs iocluded in e_xpenditure oll i'isil5 and study tours. Interest on fjxed terrn deposit atcounls is aceounied for on all accwais basis: other deposit accounl inl¢r¢sl Is recognised a receipts basis. Late income lax repay￿￿￿1 illleiesl (arising oll Gift Aid claitll5I is a150 i¢cogmsed on a JEceipt5 b35L5. Expenditure recognilion alloollo Liabilities ar¢ rtrognised as expendilure a5 soon a5 there is 2 l¢gai or CoD5t[LKti￿e obligaijon coii)mitting the charily io thai L￿pendI￿1re. il is ptobable that settlemenl i&ill be reqiiird and the amount of the obligaiiou tatt Ee measured reliably. All expeuditure is accoullled for OTh an a¢crnais basis. Support costs and other expenditure are allocated to expenditure oil charitable activities &s the Society does not expliciilN raise funds and therefo[¢ do￿ not iDC1￿ releNant expendittire. (ioN'CTtLanLC LosL% arc all(￿alLd lo expenditure on Chan￿b]e 3cLi%"Iltcs. as re4uJrcd by thc ￿)￿1> I.ccnJrL' cosls arc alltlLdied io L'xpcpdilLITC Ort charitablc aclJ%'ilie5. AnJIv￿ algi)i"LYThancc co818. other EUPtK)tl co%Ls and oiher expenditure aiE presented in notes 9. 10 al￿ I I ropectti.ely to the 51aiements. IrreroTrtrnbl¢ VAT Vallie added lax I-VAT-I Is not recoverdble by the Socw and. as such. is incI￿jed in th¢ relev21Xt costs in the Statement of Financial ActiYitJe5. DAS AetuJllt5 1'¢ar 31 Murh 2(F?5 FCIAL Page 9 THE DECORATIVE ARTS SOCIETY 1850 TO THE PRESENT NOTES TO THE FINANCIAL STATEMENTS- ¢onilDued AccoiJNfiNC. POI.IflES - coBti&•ed T**£lblt ￿ed *s$tls Depreciatioo is provided at the foUowth8 aunual rates iti to HTite off ¢8¢h a55et over its estimaied useful life. Plollt and DuchiDery, etc. 25%reducing balau¢e EA5IS For¢igD currejaes Tr&nssclions in foreign Currenc1￿ arc Irdnslatrl into slerling al Ihc Tale ofexch3ng¢ rnling al the dak of transaction. A5set5 al￿ habilities itl forew curr¢llcie5 ate tratL8lat¢d into 51erlin8 at the rnl¢ o(exchao8e at the balance sheet dale. IEMBERS. SIIBSCRivrioNs L Trrtstrkted FuDds [rllrellricied 2D25 2024 Subscriptsons under Gift Aid Other sUb￿riptIonS 8.567 8.957 ?1.159 7], 79 DONATIONS I".4r¢5tTiCted VuDd5 F*p 2024 tk>nations to Tbe Anniirrsary Fulld (Dole 181: under (Fift Aid otber linch￿IllE legacies) 1.119 5.510 509 loo 6.629 409 3.000 9.6?9 -4.469 VISITS AYL D STLfDY TOLryiS Lnre5trititd FllDd5 nreslricled Ftsnds 2021 li¢¢'¢ipts from participJling n￿m￿[S 97.126 & OTHER INCOME Lnrtslritted Jnre51ricled 2&24 RafflL% dnd fLmdrai5ing Recycling for rtwkty 2?5 218 2?5 DAS Arrouuts Th-¢are￿￿ 31.u￿b 20?J FtNAL Page 10 THE DECORATIVE ARTS SOCtETY 1850 TO THE PRESEKr NOTES TO THE FINANCIAL STATEhlENTS- ¢oDtlllued I)COI¥ITr: FROM IN1'F.STmE￿rs l￿restr￿tted I"nre5trieied 2024 Deposit account aud other itit¢Test 9.515 .s,o?J CRANTS AND ￿NATIoNs I".nrestri¢ted Funds Iknresiricrfed Funds 1025 2024 Grants lo 1Th5tiiutio•%= TrdNid Parr House SiraiN'bery I ILII'I'rusl MatLX Isle ofmaa Presiott Ciry Council- HaTfi5 Museum I.akelaTEd Arts- Hlacki¥tll Dorich House. Kiustoll-uptsn-Than l.oiherton Ilall. l.e￿ Bu5hey Museum Stoutbrid8e Glass Mu5alm GrADts lo IDdl￿dus1S. Research atml travel gtaots Other donations- C'ontnbution towards PUb￿Cation on Alfred Morri%yn 5.81NJ 450 .f.O(10 .5,000 1.365 000 538 19.573 All grnnts attd doDauon5 are mad¢ fJotTh The AnnJN'ersary Fulld. lknnations made JD lieu of entrance fees on visils l￿de by tILe Socjcly arc iniludL¥J Jn'"l.'Kpci)dtlure ￿ Wi￿15 artd sludv lov￿,. GOVERNLNCE COSTS l.-Df¢5tritled FuDds L'nrtslricled Fund5 2Q2J Independenl examin¢r s fee Meeting costs (travel &xpetw) 1,914 367 ?04 2.281 DAS Acco￿15 Y￿r£￿*d51 Mqtch2025 FINAL Pagell THE DECORATIVE ARTS SOCIETY 1850 TO THE PRESENT NOTES TO THE FINANCIAL sTATE￿IE￿￿s- ¢ontlDued 10. O"IIITr:R %IIPPOR"r COSTS I"xrestritltd d5 l.'iireslricled 2112.5 2024 MembeK5hL"p Secretary costs FIoni)rarium IIEonorary SetTrr8ry1 Depieciatio 7.1(Kl 1.8 6,000 1.80 S.409 11. OTHER E.￿END[￿lIE l DrtStTiCted Funds I,nre51ricled Fmiids 202 2t124 Annual Meettng for Membets Direct debit aDd PayPal chaJges Insurance 577 4.19 394 Hortorariwn (Web￿le Maoagerl Other webslie supwrt costs F_xchaTtge difyerences Bank chwes Sundry L￿penSeS 1.8(K) 252 1,017 1.800 6(po .3_35 798 6.499 -5,090 12. TRIISTF.F.S' F..IPTr.NSF.S,IND REIIIT)F.114TIO The tntst¢¢s and a nun**r of the ¢x-otTicio commirtee membe[5 all gi%e freety of their lime and eXi￿rtIst without any lotm olremuiiL'fdlLon or othci bcnefjl cash ur kirml I?024: £Nill. w'ith thc following exLLplioDs= 'Iruslees who organase ￿'ent& ijKludiug 51udy IOLUS. are off¢MI [￿C places on suth ¢vcnts in recognition oftheir expertise and time Spent organisiog these ￿Ents. In addili()L certaiD ex-officio Committee members are oifered A frce place on LK ei.enls and a discount on the cost oron¢ study knur w antt￿￿ in recogniuon of the ivotk they do for the Society on a'"pro bnno. orbeiow mark¢i ￿te basis. These knefils arc prowly autknris¢d and c0￿$1de￿d to be the s￿Lery.5 fftnterests. Fees are paid to the ex-otTJcio Journal ard Nev¥3letter edilors: these fees iucludL¥I WAthin'"Expelld1n￿e oll lournal alld Xeiksleiiei wtyjurlioll,. Thc ex-0￿1£10 mcmk.t3hJp scr￿tary 15 paid lor h¢r smicLs (see note 101. The honorary 5ecretarv is paid an honoran￿￿ anx)unting to £1.8(K) per attnum Isee nole 101. The website nwjager 15 paid an ho￿)rariuM a￿0v￿ling kn É1.8(X) pet a]￿U￿[See note I I l. No Irdvel Lx]￿.n5es pa￿ to trn51¢es dunng yearl2074- £Nill. I rdN'el ex￿￿Se5 paid io ex-oifjcio commiiiee members in thc ycar tothlled £3671?0?4.. £!641. 13. STAFF COSTS The Society has no eJJ]ployees. AccordiDqly. there i*¢re th) Staff costs ill th¢ yeat elldillg 31 Mawh ?025 llor in the ￿ear ending.1 l .March ?074. DAS AcroiiDts I"ear ended 31 Ilatth20!S FLNAL Page 12 THE DECORATIVE ARTS SOCtETY L8fO TO THE PRESENT NOTES TO THE FINAYCIAL STATE￿IENTs- CODiID4¢d 14. TANC.IIII.Tr. FIXF.D ASSETS nant and mxhititry. COST At l April 2024 a￿1 ai 31 March 2025 2.385 DV.PR Tr.C'lIl'llON At l April ?024 C"harge for year Al 31 March 20JI 2J61 2J67 NET BOOIK VALLE Ai.3 l March ?025 18 At 31 March 2024 15. DEBTORS 2025 2024 T2xie£overable l aymenls in advance Oth¢r debtor5 1.922 1,8?9 4.495 7,-f.$0 16. CASH AT B￿￿K IN ILLYD 2025 2024 Barclays currenl accowjt Barcla)s deposit accoullt Ilarcliiy5 thiro dctounl COIF Chatilies Dwsit Fund Scortish Widows- CAF base tate tracker PoyPal 6.036 64.699 3,991 8, ?09 l.f ? 7?0 7.gf_4 89,377 l.QJ7 1291 ?70,081 1$9,-4_40 DAS AttOJtsts Year cnthd 31 Ilarcb 2025 F￿￿AL Pag¢ 13 THE DECORATIVE ARTS SOCIETY 1850 TO TIIE PRESENT NOTES TO THE FINLYCLiL STATEfvIENTS- cohilnued 17. CREDITORS- ¥mounls f*lling dut witbi* oTrc v&ir Accnied exFDses PaTrinenls recei&Ed in advancc (SLY table below) Other creditors IS14 11.540 1.894 J8.110 J,074 ?J.g78 "Payfflent5 received ID a¢fvance- ptitnarily represents am(Mirits received from nJember5 10 participate on pos1 sear eud Vlsils and. in particular. S￿dY lou￿ as detsiled in the lable beloii.: 2024 Bal2n¢e at l April 20?41?0?4.. 1 April ?0!.11 Aniounl released to incom¢ Itotn i-i5jls and study to1￿$ Amounts recetyed for i*)st year end &tSl15 and srudj lour5 Flalance al 31 March 2025120?4= 31 March 1024) 18.430 118.4301 11.)40 (.57, 7691 J8.4.40 11.54U 18.,1.40 18. AJALYSIS OF FiThI) 1101￿￿IEYTs Moi-eme•t5 111 tar tnded JI _Il*rth 2025- Ttsn5ff rs behvetn funds Balance at 31 Mxrch 202$ al l Aptii 2024 Inrome El￿nd1•￿Te Ilnre51ricted fuMd5= General fi￿d 171.509 141.4)3 6.6)9 1114.0771 119,75.31 125.1MN)I 25.OIKI 173.885 I'hL' ￿t￿1￿.c[sary FutMI Tot#l unre51ricied [￿ndS 73.473 85.349 148.082 1133.8301 259,?.14 Reslricted funds 'rot#l fuDds ?44.981 148.082 11.13.8301 25C),234 All the income expendittjrt LD the year ended 31 Nlarch 20*5 rejaies to untEstricled funds. 'rhe trdt)sfer of£15.Tr)O from the Cjencrai Fund io-lhe Anni%tTsary l--UTKI 15 In rctognilion of the surplus achie%'Ld on the events PEt)gr4llurR thiring tbe year. DASAeeoiJuts l'ear 51 Nlattb_W?5 FL%AL Page 14 TIIF. DECORA TIVF. ARTS SOCIF.TY 1850 7'0'IFIE PRISF.NT NOTES TO THE FINANCIAL STATENIEf*TS- contlnued .Vo%YTrents in 'eor ended.tJ.Ilorch 202J.. Tra115f*rs behiEeii Bulrtnce i J.4pitl 2c12.t Bolance Erper•dii¥re 202J lriirvslr7cledfNl￿ts.' Geiper(71fiiiMI Tli* AiiiiikFfSOFI" Flip 1.4J.OOOI -io.ooo 171, f09 .58.1 46P I_f 100) TtM41 iiiire.slricledfAiids Restriciedfunds ?.4J,000 i?? s?? Ijog. ?Of J lJ,1.9,8? ?41.000 i?) s?? 744.981 -411 I1￿ iiKQiFipfiIKleYpepKh'iiire. ill ilw ifarf1￿e￿_1J Alnrcli ?Oj.I rflnie.F Io iiiw*51ricierffiiiRI¥. Ilw tr¢NJslei' oJ£40.i¥IOfroiii ilw Gwwal Fill￿10 T1*Al￿A￿ETS￿7￿. Fiiixlis iii r￿o￿li1$011 tsfstwp1115es ucliYrte4101111 eveFiispivgrcniiiiK ovei. IINeprt¥i iJtreÉ 1yrt￿. Tlie Arlnikersary Fund. e5labl￿hed as a re5uII oFthe 40th AtitLjN'er5ary Appeal launched In Noietnkr )015. aims to orrer fiJ￿](la1 supwtt lo museums at￿ decordtLI'e arts %holars. tn the year ended 31 March ?O?S. grallts of *19.753 lsee ni)le 81 IverL' n)adc Imm thc l-"wd. 19. ￿￿ALYSIs OF NET ASSETS BETThEEN FLThDS The net aS5et5 #t 31 March ?0ti.S and 31 March 2024 w¢re all held ivithiD ullres¢Tift¢d fllnds. 20. RTr.I.A"rv.i) PAR'I'Y'I'ILINS.ICI'IC)N Certain trnstees are employed in a ¢watorial ¢apacAty by. atso of or othenkise ¢OJM￿ted to. organi5atiOiL5 .hieh hal'e receiTred grants from the Sotiew.. the Ilu￿eeS concerned AbStalt￿ ftom Ihe decision o)aking proces5 with rcgard to thLsL" grdllis. DAS ACCOVmlS I'¢ar 31 ltrb 2025 FINAL Page If