## **THE ROYAL SOCIETY OF MARINE ARTISTS**
## **TRUSTEES REPORT 2024**
The trustees present their report and accounts of the Society for the year ended 30[th] June 2024 in accordance with Section 162 of the Charities Act 2011.
## **Establishment and Objectives**
The Society is established as a registered charity under No 289944, and the principal address of the Society is 17 Carlton House Terrace, London, SW1Y 5BD.
The objects of the Society are “to promote, maintain, improve and advance the education of the public by the encouragement of the study and practice of the fine and applied arts with particular reference to the sea, the seashore and maritime subjects whatever their nature, and by the recognition of such works of art as an essential feature of a Maritime Nation”.
The Society was formed in 1946 and received its Royal Charter in 1966.
## **Organisation and management**
The Society is administered by four Officers, with assistance from the members of the Council.
The Officers during the year under review were as follows
President John Scott Martin Vice President Geoffrey Huband Hon Secretary Tony Williams Hon Treasurer Gareth Brown
During the year council and Trustee meetings were held virtually with the exception of an EGM in March and the October 2023 council meeting and AGM which were held in person at the Mall Galleries.
At the Annual General Meeting 2023 all four of the serving Officers were re-elected. Five Trustees resigned, John Stillman, Martin Swan, Keith Richens, Haidee-Jo Hewitt, and Neil Faulkner; five new Trustee were elected, Anthony Allain, David Curtis, Geoff Hunt, Mark Myers, and Carolyn Simpson.
The council and trustees' formal meetings were held in advance of the 2024 Annual General Meeting in February and June 2024. The Trustees have been in regular e- mail communication during the year to make decisions.
## **Review of developments, activities and achievements**
## **Annual Exhibition**
The Society's Annual Exhibition was held at the Mall Galleries, London from the 21[st] to 30[th] September 2023.
This was the Society's 78[th] Annual Exhibition, open to members and non-members. Works were exhibited by members and (following a two-stage selection process) by non-members. All of the work was of a high standard with 13 prizes awarded to both members and non-members. Gross sales of £58,865 were achieved, just short of the £60,000 budget, a significant increase from the previous year.
## **Education**
Members of the Society have continued to provide demonstrations of producing marine art in a variety of media with seven demonstrations by Members and Associate Members at the 2023 exhibition. A video to promote the RSMA and its mission to new audiences was in production over the year and will be showcased at the 2024 exhibitions, and available as a promotional/educational tool at future events and exhibitions across the country.
## **Archivist**
One of the duties of the Archivist is to answer enquiries from the public relating to marine painting or artists. The majority of the enquiries received are via the internet, and they come from all round the globe.
**Website www.rsma-web.co.uk http://www.rsma.org/**
A steady flow of enquiries come via this website and the Society gives help to individuals and organisations in relation to past and current members of the Society and on marine art and artists.
Promotion of the Society's work is now also carried out through the various social media platforms – Facebook, X (formerly Twitter) and Instagram.
## **Statement of Trustees' responsibilities**
The Society's trustees are responsible for preparing receipts and payments account and a statement of assets and liabilities for each financial year that properly presents the Society's receipts and payments during the year and its assets and liabilities at the year end. In preparing these financial statements the trustees are required to:
- Select suitable accounting policies and then apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- Prepare financial statements on a going concern basis unless it is
- inappropriate to assume the Society will continue in business.
The trustees are responsible for keeping proper accounting records that enable them to disclose the financial position of the Society with reasonable accuracy at any time. They are also responsible for safeguarding the assets of the Society and hence taking reasonable steps for the prevention of fraud and other irregularities. The assets of the Society are held in reserve for future commitments and projects.
The trustees declare that they have approved the Trustees Report.
Signed on behalf of the trustees
Gareth Brown (Hon Treasurer) 29[th] September 2024
Registered Charity (289944)
**Financial Statements For The Year Ended 30 June 2024**
**for**
**The Royal Society of Marine Artists**
## **The Royal Society of Marine Artists**
## **Contents**
|Charity information|**1**|
|---|---|
|Independent examiners report|**2**|
|Receipts and payments account|**3**|
|Statement of assets and liabilities|**4**|
-1-
## **The Royal Society of Marine Artists**
## **Charity Information**
|**Charity Number**|289944||
|---|---|---|
|**President**|John Scott Martin||
|**Trustees**|Geoffrey William Huband|- Vice-president|
||Anthony Gordon Williams|- Secretary|
||Gareth Conrad Brown|- Treasurer|
||Anthony Allain|(appointed 01/10/23)|
||David Curtis|(appointed 01/10/23)|
||Geoff Hunt|(appointed 01/10/23)|
||Bruce Mulcahy||
||Mark Myers|(appointed 01/10/23)|
||Duncan Charles Ryland Palmer||
||Carolyn Simpson|(appointed 01/10/23)|
||Karl Elliott Terry||
|**Principal Address**|17 Carlton House Terrace||
||London||
||SW1Y 5BD||
|**Accountants**|Darbys Limited||
||19 The Square||
||Retford||
||Nottinghamshire||
||DN22 6DQ||
**-2-**
## **Independent Examiners Report to the Trustees of The Royal Society of Marine Artists**
I report to the trustees on my examination of the accounts of the above charity ('the Trust') for the year ended 30th June 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trus's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Amanda Mansell ACA
Darbys Limited 19 The Square Retford Nottinghamshire
29 September 2024
**-3-**
## **The Royal Society of Marine Artists**
## **Statement of Receipts and Payments for the year ended 30 June 2024**
|**Receipts**
Subscriptions
Gifts & Donations
Bank interest received
Marine catalogue sales
Events & Exhibitions
**Total Receipts**
**Payments**
Accountant's fee
Charles Pears award
New Generation prize
Kenneth Denton prize
RSMA Award Best Small Painting
BAE Systems award
Trustees expenses
Admin and Website costs
Exhibition & Events costs
Marketing and PR costs
Gifts and donations
Marine catalogue costs
**Total Payments**
Net movement in funds
Transfers between funds
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2024**
137
-
137
5,300
25,000
30,300
4,166
-
4,166
50
-
50
1,300
-
1,300
10,953
25,000
35,953
390
-
390
500
-
500
250
-
250
500
-
500
300
-
300
5,000
-
5,000
3,574
-
3,574
1,681
-
1,681
4,462
-
4,462
3,036
-
3,036
50
-
50
18
-
18
19,761
-
19,761
-8,808
25,000
16,192
-27,000
27,000
-
161,677
-
161,677
125,869
52,000
177,869|2023
56
5,300
581
361
-
6,298
360
500
250
500
300
5,000
2,212
1,266
574
2,069
-
43
13,074
6,776
-
-
168,453
161,677|
|---|---|---|
**-4-**
## **The Royal Society of Marine Artists**
## **Statement of Assets and Liabilities as at 30 June 2024**
|**Cash Funds**
Lloyds Bank Treasurers account
Lloyds Bank 32 day notice account
Lloyds Trade Account - holding
United Bank (matures Sept 24)
United Bank (matures December 23)|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2024**
10154
-
10,154
30715
-
30,715
-
52000
52,000
85000
-
85,000
-
125,869
52,000
177,869|2023
56,116
20,561
-
55,000
30,000
161,677|
|---|---|---|
## **Notes to the accounts**
## **Payments to trustees**
Trustee's expenses for the year ended 30th June 2024 were £3,574 (2023: £2,212)
## **Stock**
Stock of Marine Catalogues on hand at the year end was 152 copies (with a cost value of £2,466)
## **Fixed term deposits**
There is 1 fixed term deposits with United Trust Bank due to mature September 2024
Approved by the Board of Trustees at a meeting on 29th September 2024 and signed on its behalf by:
J S Martin President
G Brown Hon. Treasurer
Registered Charity (289944)
**Financial Statements For The Year Ended 30 June 2024**
**for**
**The Royal Society of Marine Artists**
## **The Royal Society of Marine Artists**
## **Contents**
|Charity information|**1**|
|---|---|
|Independent examiners report|**2**|
|Receipts and payments account|**3**|
|Statement of assets and liabilities|**4**|
-1-
## **The Royal Society of Marine Artists**
## **Charity Information**
|**Charity Number**|289944||
|---|---|---|
|**President**|John Scott Martin||
|**Trustees**|Geoffrey William Huband|- Vice-president|
||Anthony Gordon Williams|- Secretary|
||Gareth Conrad Brown|- Treasurer|
||Anthony Allain|(appointed 01/10/23)|
||David Curtis|(appointed 01/10/23)|
||Geoff Hunt|(appointed 01/10/23)|
||Bruce Mulcahy||
||Mark Myers|(appointed 01/10/23)|
||Duncan Charles Ryland Palmer||
||Carolyn Simpson|(appointed 01/10/23)|
||Karl Elliott Terry||
|**Principal Address**|17 Carlton House Terrace||
||London||
||SW1Y 5BD||
|**Accountants**|Darbys Limited||
||19 The Square||
||Retford||
||Nottinghamshire||
||DN22 6DQ||
**-2-**
## **Independent Examiners Report to the Trustees of The Royal Society of Marine Artists**
I report to the trustees on my examination of the accounts of the above charity ('the Trust') for the year ended 30th June 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trus's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Amanda Mansell ACA
Darbys Limited 19 The Square Retford Nottinghamshire
29 September 2024
**-3-**
## **The Royal Society of Marine Artists**
## **Statement of Receipts and Payments for the year ended 30 June 2024**
|**Receipts**
Subscriptions
Gifts & Donations
Bank interest received
Marine catalogue sales
Events & Exhibitions
**Total Receipts**
**Payments**
Accountant's fee
Charles Pears award
New Generation prize
Kenneth Denton prize
RSMA Award Best Small Painting
BAE Systems award
Trustees expenses
Admin and Website costs
Exhibition & Events costs
Marketing and PR costs
Gifts and donations
Marine catalogue costs
**Total Payments**
Net movement in funds
Transfers between funds
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2024**
137
-
137
5,300
25,000
30,300
4,166
-
4,166
50
-
50
1,300
-
1,300
10,953
25,000
35,953
390
-
390
500
-
500
250
-
250
500
-
500
300
-
300
5,000
-
5,000
3,574
-
3,574
1,681
-
1,681
4,462
-
4,462
3,036
-
3,036
50
-
50
18
-
18
19,761
-
19,761
-8,808
25,000
16,192
-27,000
27,000
-
161,677
-
161,677
125,869
52,000
177,869|2023
56
5,300
581
361
-
6,298
360
500
250
500
300
5,000
2,212
1,266
574
2,069
-
43
13,074
6,776
-
-
168,453
161,677|
|---|---|---|
**-4-**
## **The Royal Society of Marine Artists**
## **Statement of Assets and Liabilities as at 30 June 2024**
|**Cash Funds**
Lloyds Bank Treasurers account
Lloyds Bank 32 day notice account
Lloyds Trade Account - holding
United Bank (matures Sept 24)
United Bank (matures December 23)|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2024**
10154
-
10,154
30715
-
30,715
-
52000
52,000
85000
-
85,000
-
125,869
52,000
177,869|2023
56,116
20,561
-
55,000
30,000
161,677|
|---|---|---|
## **Notes to the accounts**
## **Payments to trustees**
Trustee's expenses for the year ended 30th June 2024 were £3,574 (2023: £2,212)
## **Stock**
Stock of Marine Catalogues on hand at the year end was 152 copies (with a cost value of £2,466)
## **Fixed term deposits**
There is 1 fixed term deposits with United Trust Bank due to mature September 2024
Approved by the Board of Trustees at a meeting on 29th September 2024 and signed on its behalf by:
J S Martin President
G Brown Hon. Treasurer