| Note | |||||
|---|---|---|---|---|---|
| INCOMING RESOURCES | |||||
| Incoming resources | from generated | funds: | |||
| Voluntary income |
102,500 | 20,000 | |||
| Investment income |
3 | 75 | |||
| Incoming resources | from charitable | activities | 104,866 | &1,341 | |
| Z07,369 | 101,416 | ||||
| TOTAL INCOMING | RESOURCES | ||||
| RESOURCES EXPENDED | |||||
| Charitable activities | 167966 | 84,774 | |||
| Governance costs | 3,013 | 2,443 | |||
| TOTAL RESOURCES EXPENDED | 170,279 | 87,217 | |||
| MOVEMENT IN TOTAL FUNDS FORTHE YEAR- | 37,090 | 14,199 | |||
| NET INCOME FOR | THE YEAR | ||||
| Total funds brought | forward | 195,062 | 180,863 | ||
| TOTAL FUNDS CARRIED FORWARD | 23Z,15Z | 195,062 |
| BALANCE | BALANCE | SHEETAS AT28 FEBRUARY 2022 | SHEETAS AT28 FEBRUARY 2022 | SHEETAS AT28 FEBRUARY 2022 | SHEETAS AT28 FEBRUARY 2022 | SHEETAS AT28 FEBRUARY 2022 | SHEETAS AT28 FEBRUARY 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | ||||||||||||
| CURRENT ASSETS | ||||||||||||
| Debtors | 720 | 2,720 | ||||||||||
| Discerning Eye art work collection |
50,7&7 | 46+87 | ||||||||||
| Cash at bank | 191,077 | 154,756 | ||||||||||
| 242,584 | 203,763 | |||||||||||
| CREDITORS: amounts falling |
due within | one | year | -10,432 | -8,701 | |||||||
| 232,152 | 195,062 | |||||||||||
| NET CURRENT ASSETS | 252,152 | 195,062 | ||||||||||
| CHARITY FUNDS | 232,152 | 195,062 | ||||||||||
| Unrestricted funds |
10 | 252,152 | 195,062 | |||||||||
| For the year ending 28/02/22 | the company | was entitled to exemption | from audit | under | section 477 | |||||||
| ofthe Companies Act 2006. |
||||||||||||
| The members have not required |
the company | to obtain an audit | in accordance with section 476 ofthe | |||||||||
| Companies Act 2006. |
||||||||||||
| The Directors acknowledge their |
responsibilities | for | complying | with | the requirements | ofthe Act with | ||||||
| respect to accounting records | and for the preparation | ofaccounts. | ||||||||||
| These accounts have been prepared in accordance |
with the provisions | applicable | to companies | subject | ||||||||
| to small companies regime. |
||||||||||||
| The financial statements were |
approved | by | the Directors on 25th October 2022 and signed on | their behalf, by | ||||||||
| The notes on pages 8to 10form | part ofthese | financial | statements |
| NOTES TO THE FINANCIAI. | NOTES TO THE FINANCIAI. | NOTES TO THE FINANCIAI. | STATEMENTS FOR THE YEAR ENDED 28 FElttlARY 2022 | STATEMENTS FOR THE YEAR ENDED 28 FElttlARY 2022 | STATEMENTS FOR THE YEAR ENDED 28 FElttlARY 2022 | STATEMENTS FOR THE YEAR ENDED 28 FElttlARY 2022 | STATEMENTS FOR THE YEAR ENDED 28 FElttlARY 2022 | |
|---|---|---|---|---|---|---|---|---|
| 5 | Charitable Activities |
|||||||
| /gents Fees |
24,000 | 24,000 | ||||||
| Agents commission on |
sales | 13,436 | 8,564 | |||||
| Prize w'inners payments Catalogue 5Newsletter |
costs | 5,500 2,400 |
5,500 1,100 |
|||||
| Printing costs | 0 | 870 | ||||||
| Postage/email mailings |
&stationery | costs | 651 | 756 | ||||
| Exhibition costs | 20,266 | 7,364 | ||||||
| Credit card fees | 1,291 | 1,192 | ||||||
| C24 Exhibition costs | 0 | 150 | ||||||
| Advertising | 16,46D | 15,399 | ||||||
| IT/Website costs | 10,115 | 2,180 | ||||||
| Submission fees to Agent |
18,605 | 16,000 | ||||||
| Transportation ofArtists The Mall Galleries rent |
works and | other travel costs | 2,7D5 50,000 |
0 0 |
||||
| Insurances | 589 | 564 | ||||||
| Storage costs | 1+48 | 1,135 | ||||||
| 167,266 | 4,774 | |||||||
| 6 | Governance Costs |
|||||||
| Accountancy/Examiners | fees | 1,576 | 1,429 | |||||
| Education costs | 150 | 600 | ||||||
| Bank charges | 97 | 67 | ||||||
| Sundry expenses | 1,190 | 347 | ||||||
| 3,013 | 2,443 | |||||||
| 7 | Net Incoming Resources | |||||||
| This is stated after charging: | ||||||||
| Accountants and examiners |
costs | 1,576 | 1,429 | |||||
| During the year Mrs CEnskat received an accountancy fee of61170 Directors received reimbursement ofexpenses ofE195 |
||||||||
| 8 | Debtors | |||||||
| Other debtors | 720 | 2,720 | ||||||
| 9 | Creditors | |||||||
| Amounts falling due within |
one year | |||||||
| Other creditors and accruals | 10,432 | 8,702 |