2023-01-31-accounts

Reference and Administrative Details	Reference and Administrative Details	Reference and Administrative Details
Strategic Report
Trustees' Report			3to 5
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet
Notes to the Financial	Statements		9to 15

			and Los	ses)
				Unrestricted	Restricted	Total
				funds	funds	2023
			Note
Income and Endowments		from:
Donations and legacies			2	191		191
Other trading activities			3	72,905		72,905
Investment income			14	17		17
Total income				73,113		73,113
Expenditure on:
Raising funds				(68,260)		(68,260
Total expenditure				(68,260)		(68,260)
Net income				4,853		4,853
Net movement in funds				4,853		4,853
Reconciliation offunds
Total funds brought	forward			41,394	91,499	132,893
Total funds carried	forward			46,247	91,499	137,746
				Unrestricted	Restricted	Total
				funds	funds	2022
			Note
Income and Endowments		from:
Donations and legacies			2	10,283		10,283
Other trading activities			3	56,284		56,284
Investment income			14	1		1
Total income				66,568		66,568
Expenditure on:
Raising funds				(59,469)		(59,469)
Total expenditure				(59,469)		(59,469)
Net income				7,099		7,099
Net movement in funds				7,099		7,099
Reconciliation offunds
Total funds brought	forward			34,295	91,499	125,794
Total funds carried	forward		9	41,394	91,499	132,893

		Balan	ce Sheet as at3	1January 202	3
					2023	20?2
				Note
Fixed assets
Tangible assets					92,173	92,159
Current assets
Debtors					1,395
Cash at bank	and in hand				46,744	43,460
					48,139	43,460
Creditors: Amounts		falling due within	one year		(2,566)	(2,726)
Net current	assets				45,573	40,734
Net assets					]37,746	132,893
Funds ofthe	charity:
Restricted income funds
Restricted funds					91,499	91,499
Unrestricted	income	funds
Unrestricted	funds				46,247	41,394
Total funds					137,746	132,893

	Unrestricted
	funds	Total
	General	funds
Donations and legacies:
Donations from individuals	191	191
Total for 2023	191	191
Total for 2022	10,283	10,283
3 Income from othe!.trading activities
	Unrestricted
	funds	Total
	General	funds
		s
Trading income:
Income from sale ofgoods and services	72,905	72,905
Total for 2023	72,905	72,905
Total for 2022	56,284	56,284

5 Tangible fixed assets
		Land and	Furniture	and
		buildings	equipment		Total
Cost
At 1 February 2022		91,499		2,274	93,773
Additions				239	239
At 31 January 2023		91,499		2,513	94,012
Depreciation
At 1 February 2022				1,614	1,614
Charge for the year				225	225
At 31 January 2023				1,839	1,839
Net book value
At 31January 2023		91,499		674	92,173
At31 January 2022		91,499		tet	9'I.D9
6 Debtors
					2023
Other debtors					1,395
7 Cash and cash equivalents
			2023		2022
Cash at bank			46,744		43,460
8 Creditors: amounts	falling due within one year
			2023		2022
					K
Other creditors			580		740
Accruals			1,986		1,986
			2,566		2,726

9 Funds
		Balance	at I	Incoming	Resources	Balance at 31
		February	2022	resources	expended	January 2023
				8
Unrestricted	funds
General		41,394		73,113	(68,260)	46,247
Restricted funds		91,499				91,499
Total funds		132,893		73,113	(68,260)	137,746
		Balance	at I	Incoming	Resources	Balance at 31
		February	2021	resources	expended	January 2022
Unrestricted	funds
General		34,295		66,568	(59,469)	41,394
Restricted funds		91,499				91,499
Total funds		125,794		66,568	(59,469)	132,893
10 Analysis ofnet assets between		funds
				Unrestricted		Total funds at
				funds	Restricted	31 January
				General	funds	2023
Tangible fixed	assets			674	91,499	92,173
Current assets Current liabilities				48,139 ~(t,i(6		48,139 (2,566)
Total net assets				46,247	91,499	137,746

			Unrestricted
			funds		Total
			General		funds
Interest receivable	and similar income:
Interest receivable		on bank deposits		17		17
Total for 2023				17		17
Total for 2022

					Total	Total
					2023	2022
Income and Endowments		from:
Donations and	legacies (analysed			below)	191	10,283
Other trading	activities (analysed			below)	72,905	56,284
Investment income (analysed			below)		17	I
Total income					73,113	66,568
Expenditure	on:
Raising funds	(analysed below)				(68,260)	(59,469)
Total expenditure					(68,260)	(59,469)
Net income					4,853	7,099
Net movement	in funds				4,853	7,099
Reconciliation	offunds
Total funds brought forward					132,893	125,794
Total funds carried forward					137,746	132893

Detailed Statement ofFinancial Activities	for the Year Ended 31Janua	ry 2023
	Total	Total
	2023	2022
Donations and legacies
Friends ofMorvah	7	2
Donations	184	185
UK Government grants		10,096
	191	10,283
Other trading activities
Coffee shop income	15,198	12,794
Fundraising activities	6,514
Gallery sales	19,975	16,844
Craft sales	26,591	23,448
Office services	17	128
Gallery hire	4,610	3,070
	72,905	56,284
investment income
Bank interest receivable	17
	17
Raising funds
Cost offunctions	(2,637)	(55)
Payments to artists	(15,271)	(12,769)
Payments to craft persons	(17,511)	(15,112)
Coffee shop supplies	(4,199)	(3,870)
Wages and salaries	(18,181)	(12,644)
Rent and rates	(307)	(261)
Light, heat and power	(1,952)	(1,214)
Insurance	(1,368)	(1,376)
Telephone and fax	(580)	(850)
Printing and stationery	(679)	(1,578)
Sundry expenses	(52)	(272)
Maintenance and cleaning	(1,404)	(1,062)
Kitchen refurbishment		(4,731)
Advertising	(244)	(82)
Accountancy fees	(1,986)	(2,004)
Bank charges	(1,664)	(1,368)
Depreciation ofplant and machinery Depreciation ofoffice equipment	(13) (212)	(17) ~cD4
	(68460)	(59,469)