2021-03-31-accounts

Report ofthe Trustees	Report ofthe Trustees				1 to 12
Independent Examiner's			Report	to the Trustees	13
Statement	of Financial		Achvities		14
Statement	of Financial		Position		15
Cashflow	Statement
Notes to	the Financial	Statements			17to 24
Detailed	Statement of	Financial		Activities	25 to 26

				Notes	Unrestrfoted	Rostrioted	2021	2020
					funds	funds
						8
Income and	endowments		from:
Donations	and legumes				384,462		468,796	505,348
Charitable	activities				47,884		47,884	124,329
Investments				4	147		14/	231
Other income				5	28,544		28,544	36,211
Total					480,S37		545,171	5$5,11$
Expendkum	on:
Charitable	activities			Bn	(421,489)	(91,449)	(512,938)	(681,926)
Total					(421,48$)	($1~)	(512,$38)	(881,$25)
Net Inoomo/expenditure						(7,115)	32,233	(15,807)
Reoonolllatlon offunds
Total funds	brought	forward			221,563	7,115	228,678	244,485
Total funds	oarrled	forward			250,$11		280,$1t	228,878

					Notes	2021	2020
Fixed assets
Tanmble	assets				12	5933	2,651
						8,823
Current assets
Debtors					13	3.764	3.764
Cash at bank and		in hend				509,269	381,632
						813,033	388,$88
Creditors:	amounts		hlling	due within ons year	14	(256,055)	(139,369)
Nst current	assets					284,878	228,o27
Total assets less ourrent				liabilities		280,a11	228,878
Nst assets						280,811	228,878
The funds	ofthe oharlty
Restncted	income	funds			15		7,115
Unrestnctsd inoome			funds		15	260,911	221,563
Total funds						280,811	228,878

			2021	2020
Cash flow from operating	aotlvttles
Cash generated from operations			152,430	(40,307)
Dividends, interest and rent	from investments		147	231
Purchase oftangible assets			~4940	~2953
			~4793	~2722
			147,637	(43,029)
Cash and cash equivalents	at beginning	ofyear	361 632	404 661
Cash and cash equivalents	at end ofyear		~606 266	~361632
Cash generated from operations
Net movement in funds			32,233	(15,807)
Adjustments for.
Depreciation and amorbsation ofhxed assets			1,658	2,310
Dividends, interest and rent	from investments		(147)	(231)
Movement in working capital
(Increase)/decrease in debtors				13,389
Increase/(Decrease) in creditors			118886	~39948
Cash generated from operations			~162430	40307

noome from donatio	ns	and iag	aoies
						unrestrtotsd	Restrfoted	2021	2020
						funds	funds
Donations received						18,615	67,604	88,219	98,188
Grants received						272,936	16,730	289,668	277,764
Subscnptions received						92,911		92,911	129.396
						384,482
Analysis ofgrants	reoelved
								2021	2820
-ACE Nabonal Lottery		Project	Grants						9,000
-Arts Council England		Culture	Recovery	Fund				90,000
-Arts Council England		NPO						168,421	165,378
—Brian Boylan									6,000
- Channel 4
-Cockayne Grants	for the Arts		snd the London		Community			9,000
-CREATE									4,500
- Delfina Foundation									3,000
- East End Communay		Foundation							4,000
- Elephant Trust								2,000
- Embassy of Denmark									500
- Goodman Gallery								3,250
- HMRC Job Retentron		Scheme						56,515
- ICA								1,800	9,000
-Joe &Marie Donnelly									10,000
—Julia Stoschek								2.500
—Monique Burger
-Sarah Elson									5.000
—Shone Akeroyd									20.000
-Xuanqiao Che									2,500
Deferred grants brought		forward						129,039	164,925
Deferred grants cerned		forward						(172,859)	(129,039)
								288,888	277,784

3.Inoome from	oharita	bl ~aotlv	ities
							2020
Unrestriotad	funds
Programme
Catalogue	sales					490	42,246
Allxrd edibons						43,301	47,908
Exhibrbon	income						14,354
Event Programme		income					46
Sundry income						3,893	19773
						47,884	124,328
						47,884	124,328
4.In vesbn sat Inoolrle
						2021
						2
Unrestrioted	funds
Bank interest	receivable					147	231
						147	231
6.Other Inoome
						2021	2020
Unrastrloted	funds
Gallery Tsx	Rekef					26,544	3B,211
						28,644	38,211
8.Costs ofoharltabl ~		aodvldes	by fund type
				Unrestricted	Restricted	2021	2020
				funds	funds
Programme				168,118	91,449	259,567	373,524
Support costs				253,371		253,371	306,462
				421,488	81,448	612,838	681,828

7.Costs ofoharltllb	le aott	vft4s by souvtf(/ typll
			Aotlvlees	Support	2021	2020
			undertaken	oosts
			direotly
Support oosts
Programme			259,567	253,371	512,938	681,926
$.Analysis ofsupport oosts
					2021	2020
Programme
Management					250,131	305,402
Governance costs					3,240	3,000
					26$,$71	$08,402
0.Nst income/(expenditure}		for the year
This is stated afler charging/(crediting)
					2021	2020
Depreciation of	owned	fixed assets			1,858	2,310
Accountancy fees					3,240	3,000
10.8taff oosts snd	emoluments
Total staff costs for the		veer ended 31 March 2021 were:
					2021	2020
					2	2
So(aces and wages					307,245	303,797
dccraf secunty	costs				25,234	25,914
Pens/on costs					11,438	11,165
					$4$,017	$40,870

11.Comparasw for the Sbbment of Finanolal Activities	11.Comparasw for the Sbbment of Finanolal Activities	11.Comparasw for the Sbbment of Finanolal Activities	11.Comparasw for the Sbbment of Finanolal Activities
				Unrestriobd	Restrioted	2020
				funds	funds
					8
Inoome and endowments			from:
Donations	snd legaaos			297,462	207,886	505.348
Charitable	scbvities			124,329		124,329
Investments				231		231
Other income				36,211		36,211
Total				468,233	207,$88	88$,11$
Expenditure on:
Charitable	activibes			(474,040)	(207,886)	(S81,926)
Total				(474,040)	(207,SSB)	(581,828)
Net income/expenditure				(16,$07)		(15,$07)
Reoonoaiation offunds
Total funds	brought	forward		237,370	7,115	244,485
Total funds	oarrbd	forward		221,583	7,115	228,87S

	Fixtures and
Cost of valllabon	Fittings
	8
At 01 April 2020	88,409
Additions	4,940
At 31 March 2021	$3,34$
De pre oi ation
At 01 April 2020	85.756
Charge for year	1,658
At 31 March 2021	$7,415
Net book values
At 31 March 2021	5,$33
At 31 March 2020	2,561

13.D bmm
							2021	2020
Amounts	due	whhin	one year:
Trade debtors							3,764	3,764
							3,7$4	3,7$4
14.Creditonu	amounts		falling due within one year
							2021	2020
								2
Trade cfedtleis							11,322	12,714
Other creditors							1,326	1,235
Accruals and		deferred	income				245,405	125,420
							268,055	13$,388
15.Movement	in	funds
Unrestrloted		Funds
				Bllhinoa at	Inoomlng	Outgoing	Transfers	Balanoe at
				0t/04/2020	resoumes	resources		31/03/2021
Designated
Designated	fund			109,700			24,000	133,700
General
General				111,663	460,637	(421,469)	(24,000)	127,211
				221,5$3	480,837	(421~$)		2$0,$11
Unrestrlotsd		Funds	- Previous year
				BS4noe ~'t	Inoomlnp	Outpoinp	Transfers	Balance at
				01/04/201 8	resouroas	resou/oes		31/03/2020
Designated
Designated	fund			109,700				109,700
General
General				127,670	456,233	(474,040)		111,863
				237,370	458,233	(474,040)		221,5$3

Rsstrtoted	Funds
			Balanoe at	Inooming	Outgoing	Balsnoe at
			01/04/2020	re so uross	fess u foes	31/03/2021
Restricted	fund		7,115	54,334	(91,449)
			7,115	84,334	(81/448)
Restriotod	Funds - Previous yw
			Balanoo at	Inooming	Outeolng	Balsnoe st
			01/04/2018	fesouross	fssoufoes	3I/03/2020
Rsslilcrsll	runo		/, i 15	gv/, ccc	ixui,clio)
			7,115	207,866	(207,SSS)	7,116
Purpose ofrostrloted		funda
Restricted	fund

Unroatrloted	funds
rvanem/
General
Des/pne/e//
Designated	fund
Resutoted funds

Unrestrtoted	funds
'
Genera.
General
Designefed
Oesignated	fund
Rostrlotad funds
Resbicted	fund

Tanala4	liat elarollt	Hot Assets
exert assets	~seals I
	(14triINes)
	8
2,651	109,212	I11,863
	109,700	109,700
	7,115	7,115
2,$81	22$,827	228,878

				2020
INCOME AND ENDOtfifMENT
Donations and lsgaoies
Donations			86219	98.188
Grants and specific	donations	receivable	289.668	277.764
Friends and oatrons			92.911	129,396
			488,7$$
Charitable aotivities
Catalogue sales				236
Fundraising event mcome				42.010
Hllleo eoltlons			4O,JV1	4/, vu8
Exhibition income				14,354
Event Programma income				48
Sundry income			3,893	19,773
			47,$84
Investments
Bank interest receivable			147	231
			147	23'I
Other income
Gallery Tax Relief			28,544	36,211
				3$,211
Total Inoomlng resouroes			545,171	8$$,11$
EXPENDITURE
Charitable aothriaes
Staff costs - wages	8 salaries		(182,414)	(160.489i
Programme costs			(69,908)	(189,524)
Publicitv and markebng			(1,726)	(6,890)
Design and pnnting	costs		(4,544)	(12,952)
Counels and shipping			(975)	(3,8fr. '
			(258,587)	(373,524)
SUPPORT COSTS
Management
Staff costs - wages	5 salaries		(165,304)	(186,383)
Depreciation - owned assets			(1,658)	(2,310)
Freelance fees				(3,037)
Rent			(31,802)	(38,896)
I'osiage, couners sno snipping			txsv)	IJo/)
Stationery			(227)	(2,340)
Fundrsising			(3,667)	(11,118)
Insurance			(1,499)	(1,477)
Computer costs			(8,692)	(7,202)
Travel and subsistence			(289)	(765)
Hospitality and private views			(44)	(S90)
Webs/te snd internet			(6,628)	(8,315)
Telephone and copier			(4,808)	(6,718)

Light and heat	Light and heat		(2,928)	(4,011)
Housekeeping	and	maintenance	(5,584)	(6,642)
Office and gallery		equipment	(2,783)	(3,082)
Training and	membership		(3,196)	(4,388)
Bank charges			(1,867)	(2,220)
Book keeping			(6,756)	(7,473)
Sundry expenses			(2,572)	(6,170)
			(250,131)	(305,402r
Oovemanoa oosts
HccoulTtsncy	ferro		(3,240)	(3,000)
			(3,240)	(3,000)
Total resouroes	expended		(512,$38)	(881,028}
.'1st Ino orna			32,233	(15,807)