THE ARTS SOCIETY CAMBRIDGE
TREASURER’S REPORT ON THE ACCOUNTS TO 31 MARCH 2025
I am pleased to present the Annual Accounts for the year ended 31 March 2025.
As you will see from the figures we have had a successful year resulting in a retained surplus of £5,993 This is due in part to the increase in subscriptions and to the success of our membership drive. Subscription income amounts to £22,165, an increase of £3,850 compared with the previous year.
It is also worth noting that the popularity of the Zoom scheme to member’s guests and members of other societies which has generated income of £917.
There has been a significant increase in speaker fees of £746, partly due to a charge for 2024 being paid in 2025, Increased attendances and an increase in the charge for the hire of the Hall at Churchill has resulted in those costs increasing by £442.
Overhead expenses have been monitored carefully and are comparable with the previous year..
As a benefit of our sound financial position, the Society has reserves in excess of £43,000, the Committee increased the grants to All Saints Church to £1,800 including support the very successful Interlaced Exhibition and the 6[th] Form Art Exhibition.
The budget for the year to 31 March 2026 shows another modest surplus.
Trevor Mawby Ex Hon Treasurer TASC
REGISTERED CHARITY NO. 276000
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2025
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
PRESIDENT
Lady Fersht
THE COMMITTEE
The following were members of The Arts Society Cambridge Committee during the year ended 31 March 2025
Fiona Blake Chairman
Trevor Mawby Treasurer (Retired 1 April 2025)
Alex Green Treasurer (Appointed 1 April 2025)
Peter Williams Secretary
Mary Painter Membership Secretary
Max Field Co Programme Secretary
Julia Proctor Co Programme Secretary
Andrea Bronskill Website and Communications Secretary
Caroline Bailey Co Visits Secretary (Appointed October 2024)
Delyth Turner-Harris Co Visits Secretary (Appointed October 2024)
Carla Bailey Special Interest Days Secretary
Pat Robinson Heritage Volunteers Representative
Mary Kempski Arts Volunteers Secretary
1
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
| Note INCOME Members’ Subscriptions 1 Guests’ Donations Gift Aid 2 Special Interest Days Visits Interest Received Community Arts Grant from The Arts Society Christmas lunch Total Income EXPENDITURE Hall Hire and Refreshments Speakers’ Fees and Expenses Special Interest Days Visits Travel Printing, Stationery and Postage Website and Zoom costs Credit Card fees Arts Society Fees and Insurance Independent Examiner fee Christmas lunch Community Arts Grants Other expenses Total Expenditure Net Surplus for the year Accumulated Fund Brought Forward Grant Commitment from Accumulated Reserves 4 Accumulated Fund Carried Forward at 31 March 2025 |
2025 £ 22,165 917 3,709 3,442 3,673 743 250 2,342 37,241 8,382 4,322 2,216 3,469 29 805 943 361 6,087 210 1,829 1,800 795 31,248 5,993 37,471 0 43,464 |
2024 £ 18,315 934 2,963 2,820 4,211 564 250 0 |
|---|---|---|
| 30,057 | ||
| 7,941 3,282 2,156 3,173 0 812 908 338 5,803 0 0 750 374 |
||
| 25,537 | ||
| 4,520 32,951 0 |
||
| 37,471 |
2
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
STATEMENT OF FUNDS AT 31 MARCH 2025
| Note CURRENT ASSETS Balance at Metro Bank Current Account Balance at Metro Bank Reserve Account Cambridge Building Society Bond Loans to The Arts Society 3 Cash Total CURRENT LIABILITIES Grant Commitment due within one year 4 Deferred Income Creditor due within one year Total NET CURRENT ASSETS REPRESENTED BY Accumulated Fund At 1 April 2024 Retained Surplus for the year Accumulated Fund carried forward at 31 March 2025 |
2025 £ 7,037 10,888 20,850 10,000 0 48,775 5,000 101 210 5,311 43,464 37,471 5,993 43,464 |
2024 £ 1,795 21,571 10,392 10,000 48 |
|---|---|---|
| 43,806 | ||
| 5,000 1,335 0 |
||
| 6,335 | ||
| 37,471 | ||
| 32,951 4,520 |
||
| 37,471 |
Approved by the Committee at its Annual General Meeting On 15 May 2025
………………………… Fiona Blake Chairman
………..……………… Trevor Mawby Ex Honorary Treasurer
3
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
Notes to the Accounts
1. Subscriptions
Subscriptions are usually payable annually and are included in the accounts when received.
2. Gift Aid
Gift Aid is reclaimed from HMIT on eligible subscriptions and donations and is included in the accounts when received.
3. Loans to the Arts Society
The loan to the Patricia Fay Memorial Fund at the Arts Society is interest free and repayable on demand by the Charity
4. Grant Commitment from Accumulated Reserves
The Committee approved the award of another round of Bursaries to the Hamilton Kerr Institute to help finance the course fees for 3 students for 2 years in the total sum of £10,000.
The sum of £5,000 was paid to the Institute in the previous year and the balance of £5,000 shown as a commitment as it is due to be paid in 2025. This Bursaries are to be known as ‘The Arts Society Cambridge Robert Stopford Memorial Bursaries’.
4
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
Independent Examiner’s report on the Accounts For the year ended 31 March 2025
Respective Responsibilities of Trustees and Examiner
The Charity’s Trustees are responsible for the preparation of the Accounts They consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to;
-
Examine the Accounts under section 145 of the Charities Act
-
Follow the procedures laid down in the general directions given by the Charity Commissioners (under section 145 (5) (b) of the Charities Act; and
-
State whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with general directions given by the Charity Commissioners. An examination includes a review of the accounting records of the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosure in the Accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the Accounts present a “true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matter have come to my attention in connection with the examination giving me cause to believe that in any material respect :
-
Accounting records were not kept as required by section 130 of the Act; or
-
The Accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the Accounts to be reached.
Christina Dawson FCCA
8 May 2025
5
REGISTERED CHARITY NO. 276000
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2025
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
PRESIDENT
Lady Fersht
THE COMMITTEE
The following were members of The Arts Society Cambridge Committee during the year ended 31 March 2025
Fiona Blake Chairman
Trevor Mawby Treasurer (Retired 1 April 2025)
Alex Green Treasurer (Appointed 1 April 2025)
Peter Williams Secretary
Mary Painter Membership Secretary
Max Field Co Programme Secretary
Julia Proctor Co Programme Secretary
Andrea Bronskill Website and Communications Secretary
Caroline Bailey Co Visits Secretary (Appointed October 2024)
Delyth Turner-Harris Co Visits Secretary (Appointed October 2024)
Carla Bailey Special Interest Days Secretary
Pat Robinson Heritage Volunteers Representative
Mary Kempski Arts Volunteers Secretary
1
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
| Note INCOME Members’ Subscriptions 1 Guests’ Donations Gift Aid 2 Special Interest Days Visits Interest Received Community Arts Grant from The Arts Society Christmas lunch Total Income EXPENDITURE Hall Hire and Refreshments Speakers’ Fees and Expenses Special Interest Days Visits Travel Printing, Stationery and Postage Website and Zoom costs Credit Card fees Arts Society Fees and Insurance Independent Examiner fee Christmas lunch Community Arts Grants Other expenses Total Expenditure Net Surplus for the year Accumulated Fund Brought Forward Grant Commitment from Accumulated Reserves 4 Accumulated Fund Carried Forward at 31 March 2025 |
2025 £ 22,165 917 3,709 3,442 3,673 743 250 2,342 37,241 8,382 4,322 2,216 3,469 29 805 943 361 6,087 210 1,829 1,800 795 31,248 5,993 37,471 0 43,464 |
2024 £ 18,315 934 2,963 2,820 4,211 564 250 0 |
|---|---|---|
| 30,057 | ||
| 7,941 3,282 2,156 3,173 0 812 908 338 5,803 0 0 750 374 |
||
| 25,537 | ||
| 4,520 32,951 0 |
||
| 37,471 |
2
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
STATEMENT OF FUNDS AT 31 MARCH 2025
| Note CURRENT ASSETS Balance at Metro Bank Current Account Balance at Metro Bank Reserve Account Cambridge Building Society Bond Loans to The Arts Society 3 Cash Total CURRENT LIABILITIES Grant Commitment due within one year 4 Deferred Income Creditor due within one year Total NET CURRENT ASSETS REPRESENTED BY Accumulated Fund At 1 April 2024 Retained Surplus for the year Accumulated Fund carried forward at 31 March 2025 |
2025 £ 7,037 10,888 20,850 10,000 0 48,775 5,000 101 210 5,311 43,464 37,471 5,993 43,464 |
2024 £ 1,795 21,571 10,392 10,000 48 |
|---|---|---|
| 43,806 | ||
| 5,000 1,335 0 |
||
| 6,335 | ||
| 37,471 | ||
| 32,951 4,520 |
||
| 37,471 |
Approved by the Committee at its Annual General Meeting On 15 May 2025
………………………… Fiona Blake Chairman
………..……………… Trevor Mawby Ex Honorary Treasurer
3
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
Notes to the Accounts
1. Subscriptions
Subscriptions are usually payable annually and are included in the accounts when received.
2. Gift Aid
Gift Aid is reclaimed from HMIT on eligible subscriptions and donations and is included in the accounts when received.
3. Loans to the Arts Society
The loan to the Patricia Fay Memorial Fund at the Arts Society is interest free and repayable on demand by the Charity
4. Grant Commitment from Accumulated Reserves
The Committee approved the award of another round of Bursaries to the Hamilton Kerr Institute to help finance the course fees for 3 students for 2 years in the total sum of £10,000.
The sum of £5,000 was paid to the Institute in the previous year and the balance of £5,000 shown as a commitment as it is due to be paid in 2025. This Bursaries are to be known as ‘The Arts Society Cambridge Robert Stopford Memorial Bursaries’.
4
The Arts Society Cambridge Financial Statements for the year ended 31 March 2025
Independent Examiner’s report on the Accounts For the year ended 31 March 2025
Respective Responsibilities of Trustees and Examiner
The Charity’s Trustees are responsible for the preparation of the Accounts They consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to;
-
Examine the Accounts under section 145 of the Charities Act
-
Follow the procedures laid down in the general directions given by the Charity Commissioners (under section 145 (5) (b) of the Charities Act; and
-
State whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with general directions given by the Charity Commissioners. An examination includes a review of the accounting records of the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosure in the Accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the Accounts present a “true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matter have come to my attention in connection with the examination giving me cause to believe that in any material respect :
-
Accounting records were not kept as required by section 130 of the Act; or
-
The Accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the Accounts to be reached.
Christina Dawson FCCA
8 May 2025
5