|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)|