## **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 :
1. Accounting records were not kept as required by section 130 of the Act; or
2. 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 :
1. Accounting records were not kept as required by section 130 of the Act; or
2. 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