2021-04-04-accounts

		Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers
Trustees' Report		2-5
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		8-9
Notes to the Financial Statements		10-21

		Unrestricted	Total	Total
		funds	funds	funds
	Note	2021	2021 R	2020f
INCOME FROM:
Donations and legacies		72,098	72,098	98,986
Charitable activities		47,739	47,739	136,667
Other activities:
Government grants		122,186	122,186
Investment income		25,668	25,668	30,774
TOTAL INCOME		267,691	267,691	266,427
EXPENDITURE ON:
Raising funds:
Staff costs		172,634	172,634	134,612
Charitable activities	6,5	65,988	65,988	107,679
TOTAL EXPENDITURE		238,622	238,622	242,291
NET INCOME BEFORE INVESTMENT GAINS/(LOSSES)		29,069	29,069	24,136
Net gains/(losses) on investments		394,195	394,195	(386,020)
NET INCOME / (EXPENDITURE) BEFORE OTHER
RECOGNISED GAINS AND {LOSSES)		423,264	423,264	(361,884)
NET MOVEMENT IN FUNDS		423,264	423,264	(361,884)
RECONCILIATION OF FUNDS:
Total funds brought forward		2,983,401	2,983,401	3,345,285
TOTAL FUNDS CARRIED FORWARD		3,406,665	3,406,665	2,983,401

				Note		2021		2020f
FIXEDASSETS
Tangible assets				9	1,094,091		1,096,740
Investment property				10	340,860		340,860
Total tangible assets						1,434,951		1,437,600
Investments -shares		in Nature	in
Art Limited
						1,434,954		1,437,603
CURRENT ASSETS
Debtors				12	32,972		29,968
investments				13	1,898,121		1,356,926
Cash at bank and	in hand				46,287		165,300
					1,977,380		1,552,192
CREDITORS: amounts		falling	due within
one year				14	(5,669)		(6,394)
NET CURRENT ASSETS						1,971,711		1,545,798
NET ASSETS						3,406,665		2,983,401
CHARITYFUNDS
Unrestricted funds				15		3,406,665		2,983,401
TOTAL FUNDS						3,406,665		2,983,401

INCOME FROM DONATIONS AND	LEGACIES
	Unrestricted	Total	Total
	funds	funds	funds
	K	2021	2020f
Donations	71,898	71,898	98,986
Legacies	200	200
	72,098	72,098	98,986
Total 2020	98,986	98,986

ANALYSIS	OF	INCOME FROM CHARITABL	E ACTIVITIES BYTYPEOF I	NCOME
			Unrestricted	Total	Total
			funds	2020	2019
			R
Subscriptions			23,507	23,507	24,971
Admissions			6,242	6,242	54,239
Educational receipts Rental and miscellaneous			220 2,910	220 2,910	37,895 4,754
Mews 2 rental income			14,700	14,700	14,690
Interest received			160	160	118
			47,739	47,739	136,667
GOVERNMENT		GRANTS
			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			R	R	E
Government Coronavirus	support job retention scheme		48,772 73,414	48,772 73,414
			122,186	122,186

5.	SUPPORT	C	OSTS
						Unrestricted
						funds	Total	Total
						f.	2021f	2020
	Pdnting, postage and stationary					3,086	3,086	8,055
	Subscriptions		and donations					1,267
	Telephone					1,765	1,765	1,950
	Travel and transport					150	150	1,040
	Insurance					14,407	14,407	14,206
	Depreciation					2,649	2,649	3,311
	Miscellaneous					1,289	1,289	3,939
	Buildings and		grounds	repairs		151366	15,366	10,125
	Light, heat, water and			cleaning		9,729	9,729	13,006
	Rates					2,325	2,325	1,632
	Education expenses					620	620	20,003
	Art purchases		and exhibition		hire	25865	2,665	10,794
	Mews 2 costs					3,137	3137	1,545
	Advertising					4,050	4,050	11,191
	Bank and card		charges			1,800	1,800	2,643
						63,038	63,038	104,729
	Total 2020					104,729	104,729
6.	GOVERNANCE COSTS
						Unrestricted	Total	Total
						funds	funds	funds
							2021	2020
							R
	Independant	examiner's		fee		2,950	2,950	2,950

TANGIBLE FIXEDASSETS
	Freehold	Office	Frames and
	property	equipment	photos	Total
	R			R
Cost
At 5 April 2020 and 4 April 2021	1,083,494	93,261	38,220	1,214,9?5
Depreciation
At 5April 2020		80,015	38,220	118,235
Charge for the year		2,649		2,649
At4 April 2021		82,664	38,220	120,884
Net book value
At 4 April 2021	1,083,494	10,597		1,094,091
At4 April 2020	1,083,494	13,246		1,096,740

CURREN	T ASSET INVESTMENTS
		2021	2020
		R
At 5April Additions	2020	1,356,926 213,420	1,840,683 80,685
Disposals			(180,685)
Unrealised	gain on investments	327,775	(383,757)
Realised	loss on disposals	H
At4 April	2021	1,898,121	1,356,926

CREDITORS: Amounts falling due within one year
	2021	2020
	R
Other taxation and social security Accruals and deferred income	1,669 4,000	2,394 4,000
	5,669	6,394

						Transfers &
						investment
						gains and
			Balance at			unrealised	Balance at
		5	April 2020	Income	Expenditure	losses	4April 2021
			R		R	R	R
Unrestricted	funds
Undesignated Development	funds funds		1,896,883 1,086,518	267,691	(238,622)	(73,484) 467,679	1,852,468 1,554,197
			2,983,401	267,691	(238,622)	394,195	3,406,665

STATEMENT	OF FUNDS -PR	IOR YEAR
					Transfers &
					investment
					gains and
		Balance at			unrealised	Balance at4
		5April 2019	Income	Expenditure	losses	April 2020
					E
General funds
Undesignated	funds	1,994,176	266,427	(242,291)	(121,429)	1,896,883
Development	funds	1,471,109			(384,591)	1,086,518

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
	Unrestricted	Total
	funds	funds
	2021f	2021
Tangible fixed assets	1,094,091	1,094,091
Fixed asset investments	3	3
Investment property	340,860	340,860
Current assets	1,977,380	1,977,380
Creditors due within one year	(5,669)	(5,669)
	3,406,665	3,406,665
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
	Unrestricted	Total
	funds	funds
	2020	2020
	K
Tangible fixed assets	1,096,740	1,096,740
Fixed asset investments	3	3
Investment property	340,860	340,860
Current assets	1,552,192	1,552,192
Creditors due within one year	(6,394)	(6,394)
	2,983,401	2,983,401