##
##
##
|||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|
##
##
##
##