| Report ofthe Trustees | I | to | 4 | |
|---|---|---|---|---|
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 8 | to | 12 | |
| Detailed Statement ofFinancial Activities | 13 | to | 14 |
| for the Year Ended 31s | tDecember 2022 | |||||
|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
63 | 7,000 | 7,063 | 2,000 | ||
| Charitable activities |
||||||
| Education | 723 | 723 | ||||
| Fresh Air Sculpture Exibition | 161,706 | 161,706 | ||||
| Total | 162,492 | 7,000 | 169,492 | 2,000 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Education | 5,647 | 7,000 | 12,647 | 9,302 | ||
| Artist Support | 1,000 | 1,000 | ||||
| Fresh Air Sculpture Exibition | 106,829 | 1,000 | 107,829 | 22,392 | ||
| Total | 112,476 | 9,000 | 121,476 | 31,694 | ||
| NET INCOME/(EXPENDITURE) | 50,0i6 | (2,000) | 48,016 | (29,694) | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward | 67,745 | 2,000 | 69,745 | 99,439 | ||
| TOTAL FUNDS CARRIED FORWARD | 117,761 | 117,761 | 69,745 |
| Balance Sheet | |||||
|---|---|---|---|---|---|
| 31stDecember 2022 | |||||
| 31.12.22 | 31.12.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Intangible assets |
1,592 | 1,592 | 2,336 | ||
| Tangible assets | 3,824 | 3,824 | 5,728 | ||
| 5,416 | 5,416 | 8,064 | |||
| CURRENT ASSETS | |||||
| Cash atbank | 115,665 | 115,665 | 63,643 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
6 | (3,320) | (3,320) | (1,962) | |
| NET CURRENT ASSETS | 112,345 | 112,345 | 61,681 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 117,761 | 117,761 | 69,745 | ||
| NET ASSETS | 117,761 | 117,761 | 69,745 | ||
| FUNDS | |||||
| Unrestricted funds |
117,761 | 67,745 | |||
| Restricted funds |
2,000 | ||||
| TOTAL FUNDS | 117,761 | 69,745 |
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fundI | funds | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
2,000 | 2,000 | ||
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Education | 9,302 | 9,302 | ||
| Fresh Air Sculpture Exibition | 22,392 | 22,392 | ||
| Total | 31,694 | 31,694 | ||
| NET INCOME/(EXPENDITURE) | (31,694) | 2,000 | (29,694) | |
| RECONCILIATION OFFUNDS |
||||
| Total funds brought forward |
99,439 | 99,439 | ||
| TOTAL FUNDS CARRIED FORWARD | 67,745 | 2,000 | 69,745 | |
| 4. | INTANGIBLE FIXEDASSETS | |||
| Computer | ||||
| software | ||||
| COST | ||||
| At 1stJanuary 2022 and 31stDecember 2022 | 2,976 | |||
| AMORTISATION | ||||
| At 1stJanuary 2022 | 640 | |||
| Charge for year | 744 | |||
| At 31stDecember 2022 | 1,384 | |||
| NET BOOK VALUE | ||||
| At 31stDecember 2022 | 1,592 | |||
| At 31stDecember 2021 | 2,336 |
| 5. | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|
| Plant and | Computer | |||
| machinery | equipment | Totals | ||
| f. | 6 | |||
| COST | ||||
| At 1stJanuary 2022 and 31stDecember 2022 | 928 | 6,684 | 7,612 | |
| DEPRECIATION | ||||
| At 1stJanuary 2022 | 303 | 1,581 | 1,884 | |
| Charge for year | 232 | 1,672 | 1,904 | |
| At 31stDecember 2022 | 535 | 3,253 | 3,788 | |
| NET BOOKVALUE | ||||
| At 31stDecember 2022 | 393 | 3,431 | 3,824 | |
| At 31stDecember 2021 | 625 | 5,103 | 5,728 | |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.12.22 | 31.12.21 | |||
| Trade creditors | 100 | 962 | ||
| Other creditors | 3,220 | 1,000 | ||
| 3,320 | 1,962 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.22 | in funds | 31.12.22 | ||
| 8 | 6 | |||
| Unrestricted funds |
||||
| General fund | 67,745 | 50,016 | 117,761 | |
| Restricted funds | ||||
| Restricted Funds - Education | 2,000 | (2,000) | ||
| TOTAL FUNDS | 69,745 | 48,016 | 117,761 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 162,492 | (112,476) | 50,016 | ||
| Restricted funds | |||||
| Restricted Funds - Artists | 1,000 | (1,000) | |||
| Restricted Funds - Education | 5,000 | (7,000) | (2,000) | ||
| Restricted - Student interns | 1,000 | (1,000) | |||
| 7,000 | (9,000) | (2,000) | |||
| TOTALFUNDS | 169,492 | (121,476) | 48,016 | ||
| Comparatives for tnovement |
in funds | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.21 | in funds | 31.12.21 | |||
| Unrestricted funds |
|||||
| General fund | 99,439 | (31,694) | 67,745 | ||
| Restricted funds | |||||
| Restricted Funds - Education | 2,000 | 2,000 | |||
| TOTALFUNDS | 99,439 | (29,694) | 69,745 | ||
| Comparative net movement |
in | funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | (31,694) | (31,694) | |||
| Restricted funds | |||||
| Restricted Funds - Education | 2,000 | 2,000 | |||
| TOTAL FUNDS | 2,000 | (31,694) | (29,694) |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.21 | in funds | 31.12.22 | ||
| Unrestricted | funds | |||
| General fund | 99,439 | 18,322 | 117,761 | |
| TOTAL FUNDS | 99,439 | 18,322 | 117,761 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| f | |||
| Unrestricted funds |
|||
| General fund | 162,492 | (144,170) | 18,322 |
| Restricted funds | |||
| Restricted Funds - Artists | 1,000 | (1,000) | |
| Restricted Funds - Education | 7,000 | (7,000) | |
| Restricted - Student interns | 1,000 | (1,000) | |
| 9,000 | (9,000) | ||
| TOTALFUNDS | 171,492 | (153,170) | 18,322 |
| for the Year Ended 3 | 1st | December 2022 | ||
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 1,063 | |||
| Grants | 6,000 | 2,000 | ||
| 7,063 | 2,000 | |||
| Charitable activities |
||||
| Catalogue and entrance |
fees | 77,924 | ||
| Artwork commission | and sales | 80,797 | ||
| Other income | 3,708 | |||
| 162,429 | ||||
| Total incoming resources |
169,492 | 2,000 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Insurance | 300 | |||
| Sundries | 816 | 94 | ||
| Consultancy and subcontract fees |
46,886 | 16,917 | ||
| Exhibition costs | 14,953 | 800 | ||
| Catalogue production | costs | 19,506 | ||
| Advertising and promotion |
398 | |||
| Catering | 7,065 | |||
| Shopify, ticket handling | and credit card fees | 5,079 | 27 | |
| Education workshop | expenses | 4,095 | 315 | |
| Artist support costs | 1,521 | |||
| Courier and delivery | costs | 352 | 263 | |
| Rent and services | 1,279 | |||
| Ground maintenance | 6,561 | 886 | ||
| Donations | 4,000 | |||
| Secretarial services | 482 | 1,255 | ||
| Subscriptions | 106 | 191 | ||
| Computer expenses |
862 | 1,907 | ||
| Motor and travelling | 255 | 431 | ||
| Trallllllg | 155 | |||
| Website costs | 384 | 4,507 | ||
| Recruitment | 197 | |||
| Computer sofhvare |
744 | |||
| Plant and machinery | 232 | |||
| Fixtures and fittings | 1,672 | |||
| 116,027 | 29,466 |
| Detailed Statement ofFinancial Activities | Detailed Statement ofFinancial Activities | ||
|---|---|---|---|
| for the Year Ended 31stDecember 2022 | |||
| 31.12.22 | 31.12.21 | ||
| Support costs | |||
| Finance | |||
| Bank charges | 22 | 34 | |
| Governance | costs | ||
| Accountancy | and legal fees | 5,427 | 2,194 |
| Total resources | expended | 121,476 | 31,694 |
| Net income/(expenditure) | 48,016 | (29,694) |