| Expendable | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| Note | Funds | Funds | Fund | 2022 | 2021 | |||
| 6 | 6 | 6 | ||||||
| Income and endowments | from: | |||||||
| Donations | 75,000 | 75,000 | 76,180 | |||||
| Investments | 189,095 | 189,095 | 173,593 | |||||
| Charitable activities |
111,533 | 111,533 | 113,034 | |||||
| Total income | 186,533 | 189,095 | 375,628 | 362,807 | ||||
| Expenditure on: |
||||||||
| Costs ofgenerating | funds | 5 | 46,894 | 46,894 | 44,620 | |||
| Charitable activities |
7 | 282,235 | 282,235 | 247,297 | ||||
| Total expenditure | 282,235 | 46,894 | 329,129 | 291,917 | ||||
| Net operating (deficit)/surplus |
(95,702) | 142,201 | 46399 | 70,890 | ||||
| Transfer between funds | 15 | 123,035 | 47,618 | (170,653) | ||||
| Other recognised gains: | ||||||||
| Gains on investment | assets | 11 | 362,718 | 362,718 | 1,194,424 | |||
| 362,718 | 362,718 | 1,194,424 | ||||||
| Net income for the | year | 27.333 | 47,618 | 334,266 | 409,217 | 1,265,314 | ||
| Reconciliation offunds: |
||||||||
| Total funds brought | forward | 228,696 | 5,308,196 | 7,404,574 | 12,941,466 | 11,676,152 | ||
| Total funds carried | forward | 256,029 | 5,355/14 | 'I;I38,840 | 13,350,683 | 12,941+66 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets: | ||||||
| Tangible fixed assets | 10 | 5,355,814 | 5,308,196 | |||
| Investments | 11 | 7,738,840 | 7304,574 | |||
| Totalfixed assets | 13/94,654 | 12,712,770 | ||||
| Current assets: | ||||||
| Debtors | 30,560 | 29,465 | ||||
| Cash at bank | 260,051 | 235,623 | ||||
| Total current assets | 290,611 | 265,088 | ||||
| Liabilities | ||||||
| Creditors —amounts | falling | due within one year | 13 | (34~2) | (36,392) | |
| Net current assets | 256,029 | 228,696 | ||||
| Total net' assets | 13,350,683 | 12,941W6 | ||||
| The funds ofthe (poup: | ||||||
| Unrestricted | funds | 15 | 256,029 | 228,696 | ||
| Restricted funds | 14 | 5,355,814 | 5,308,196 | |||
| Endowment | fund | 14 | 7,738,840 | 7,404,574 | ||
| Total Otartty funds | 13,350,683 | 12,941,466 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 10 | 5,355,814 | 5,308,196 | |||
| Investments | —in subsidiary | undertaking | 18 | 1 | 1 | |
| Investments | —other | 11 | 7,738,840 | 7,404,574 | ||
| 13,094,655 | 12,712,77I | |||||
| Current assets | ||||||
| Debtors | 12 | 30,559 | 38,169 | |||
| Cash at bank | 260,051 | 226,918 | ||||
| 290,610 | 265,087 | |||||
| liabilities | ||||||
| Creditors —amounts | falling | due within one | 13 | (34,582) | (36,392) | |
| year | ||||||
| Net current assets | 256,028 | 228,695 | ||||
| Total net assets | 13,350,683 | 12,941~6 | ||||
| The funds of | the charity: | |||||
| Unrestricted | funds | 15 | 256,029 | 228,696 | ||
| Restricted funds | 14 | 5,355,814 | 5,308,196 | |||
| Endowment | fund | 14 | 7,738,840 | 7,404,574 | ||
| Total Charity funds | 13350,683 | 12,941366 |
| DONATIONS | ||||
|---|---|---|---|---|
| Expendable | ||||
| Unrestricted | Restricted | Endowment | Total | |
| Funds | Funds | Fund | 2022 | |
| The Lennox Hannay | ||||
| Charitable Trust | 25,000 | 25,000 | ||
| The Wyfold Charitable Trust | 25,000 | 25,000 | ||
| The PFCharitable Trust | 25,000 | 25,000 | ||
| 75g00 | 75,000 |
| Expendable | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |
| Funds | Funds | Fund | 2021 | |
| 8 | ||||
| The Lennox Hannay | ||||
| Charitable Trust | 25,000 | 25,000 | ||
| The Wyfold Charitable Trust | 25,000 | 25,000 | ||
| The PFCharitable Trust | 25,000 | 25,000 | ||
| Peter Middethwait | 1,000 | 1,000 | ||
| Cash | 180 | 180 | ||
| 76,180 | 76,180 |
| NVEST | MEN | T INCOME | ||||
|---|---|---|---|---|---|---|
| Expendable | ||||||
| Unrestricted | Restricted | Endowment | Total | |||
| Group | Funds | Funds | Fund | 2022 | ||
| E | 6 | |||||
| Income | from | Investments | 189,095 | 189,095 | ||
| 189,095 | 189,095 |
| Expendable | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| Group | Funds | Funds | Fund | 2021 | ||
| 6 | ||||||
| Income | from | Investments | 173,593 | 173,593 | ||
| 173,593 | 173,593 |
| Expendable | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| Group | Funds | Funds | Fund | 2022 | ||
| E | E | |||||
| Investment | Management | Fees | 32,901 | 32,901 | ||
| Custodian | Fees | 13,993 | 13,993 | |||
| 46,894 | 46,894 |
| Cornparative | s for the yea | r ended | 31March 2021: | |||
|---|---|---|---|---|---|---|
| Expendable | ||||||
| Unrestricted | Restricted | Endowment | Total | |||
| Group | Funds | Funds | Fund | 2021 | ||
| 6 | ||||||
| Investment | Management | Fees | 28,770 | 28,770 | ||
| Custodian | Fees | 15,850 | 15,850 | |||
| 44,620 | 44,620 |
| Expendable | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| Funds | Funds | Fund | 2022 | |||
| 6 | ||||||
| Advertising Loan ofpaintings |
3,500 102,945 |
3,500 102,945 |
||||
| Reproduction | charges- | |||||
| Bridgeman Catalogue Art Sales |
Art Library and book sales |
1,041 3,393 654 |
1,041 3,393 654 |
|||
| 111,533 | 111/33 |
| Expendable | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| Funds | Funds | Fund | 2021 | |||
| 6 | ||||||
| Advertising | 1,050 | 1,050 | ||||
| Loan ofpaintings | 109,452 | 109,452 | ||||
| Reproduction | charges- | |||||
| Bridgeman Art | Library | 1,176 | 1,176 | |||
| Catalogue and | book sales | |||||
| (non-Group) | 1,356 | 1,356 | ||||
| 113,034 | 113,034 |
| Expendable | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| Funds | Funds | Fund | 2022 | ||
| E | |||||
| Bursary | 9,740 | 9,740 | |||
| Cost ofstaff (note 8) | 120,678 | 120,678 | |||
| Conservation | 10,270 | 10,270 | |||
| Promotion and marketing | 21,698 | 21,698 | |||
| Publication costs |
4,810 | 4,810 | |||
| Miscellaneous costs |
19,526 | 19,526 | |||
| Insurance | ls,e64 | 15,664 | |||
| Intern and Training | 1,662 | 1,662 | |||
| IT&Communication | costs | 14,047 | 14,047 | ||
| Storage &Transport | 19,134 | 19,134 | |||
| Travel Costs | 5,601 | 5,601 | |||
| Support and Governance | 39,405 | 39,405 | |||
| Costs (note 9) | |||||
| 282,235 | 28245 |
| Expendable | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| Funds | Funds | Fund | 2021 | |||
| E | ||||||
| Bursary | 80 | 80 | ||||
| Cost ofstaff | (note 8) | 118,305 | 118,305 | |||
| Conservation | 15,066 | 15,066 | ||||
| Promotion and marketing | 11,827 | 11,827 | ||||
| Publication | costs | 4,340 | 4,340 | |||
| Miscellaneous costs |
7.217 | 7,217 | ||||
| Insurance | 15,133 | 15,133 | ||||
| 1T&Communication | costs | 14,390 | 14,390 | |||
| Storage &Transport | 19,941 | 19,941 | ||||
| Printer Lease costs | (56) | (se) | ||||
| Travel Costs | 892 | 892 | ||||
| Support and | Governance | 40,162 | 40,162 | |||
| Costs (note | 9) | |||||
| 247,297 | 247497 |
| Gmup | Gmup | |
|---|---|---|
| 2022 | 2021 | |
| Wages and salaries Social security costs Pension contributions |
110,928 8,817 933 |
109,000 8,618 687 |
| 120,678 | 118305 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||||
| 2022 | 2021 | ||||||
| 8 | 8 | ||||||
| Support /Adntinistrative | Costs | ||||||
| Charity Administration/Financial | Reporting and | ||||||
| Bookkeeping/Administration | Services | 28,805 | 28,738 | ||||
| Governance | Costs | ||||||
| Auditor's | remuneration | ||||||
| Audit | fee —current | year | 10,000 | 10,000 | |||
| -prior year under/(over) | accrual | 50 | (1,550) | ||||
| -other fees | 550 | 2,974 | |||||
| 40,162 |
| ANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Heritage | Computer | Total | |
| Assets (Art | Equipment | ||
| Group and Charity | CoBection) | ||
| Cost | |||
| Brought Forward | 5,307,058 | 7,182 | 5,314,240 |
| Additions | 48,756 | 48,756 | |
| Carried Forward | 5,355,814 | 7,182 | 5,362,996 |
| Depreciation | |||
| Brought Forward | 6,044 | 6,044 | |
| Provided for the Year | 1,138 | 1,138 | |
| Carried Forward | 7,182 | 7,182 | |
| Net BookValue as at31March 2022 | 5355g14 | 5,355,814 | |
| Net BookValue as at31March 2021 | 5,307,058 | 1,138 | 5,308,196 |
| Donations | Purchases | Disposals | Proceeds | |||||
|---|---|---|---|---|---|---|---|---|
| Year | ended | 31 | March | 5 | ||||
| 2022 | 48,756 | (650) | ||||||
| 2021 | 39,462 | |||||||
| 2020 | 30,720 | |||||||
| 2019 | 131,340 | (1,375) | (22,313) | |||||
| 2018 | 70,500 |
| S TOTHE FINANCIAL STATEMENTS FOR THE Y NVESTMENTS |
EAR ENDED 31MAR | CH 2022 (CON |
|---|---|---|
| Total | Total | |
| 2022 | 2021 | |
| 6 | ||
| Market value brought forward Acquisitions at cost Less:disposal proceeds (realised capital cash) |
7,404,574 490,307 (632,305 |
6,245,122 1,122,547 (729,680) |
| Realised gains on disposals Net gain on revaluation |
746L576 61,295 301,423 |
6437,989 63,542 1,130,882 |
| Add: net movement in realised capital cash retained for reinvestment |
7425~4 113,546 |
7,832r413 (427,839) |
| Market value at 31March | 7,738~0 | |
| Historical costat31March | 6,168,675 | 5,927,772 |
| Analysis ofinvestments:- | ||
| Equities | 5,458,203 | 5,334,998 |
| Property funds | 889,147 | 756,326 |
| Bonds | 688,630 | 747,561 |
| Hedge funds | 408,062 | 383,554 |
| Cash held for reinvestment | 294,798 | 182,135 |
| Market value at 31March | '7,738,840 | 7,404,574 |
| Gmup | Charity | Group | Charity | |||
|---|---|---|---|---|---|---|
| 2022 | 2022 | 2021 | 2021 | |||
| 6 | 6 | 6 | ||||
| Trade debtors | 2,236 | 2,236 | 1,087 | 1,087 | ||
| Prepaid | expenses | 16,633 | 16,633 | 16,508 | 16408 | |
| Amounts | due from subsidiary | 8,704 | ||||
| Taxes repayable | 11,691 | 11,691 | 11,870 | 11,870 | ||
| 30,560 | 30460 | 297I65 | 38,169 | |||
| 13. | ANALYSIS OFLIABILITIES |
| NALYSIS OFLIABILI | TIES | |||
|---|---|---|---|---|
| Group | Charity | Gmup | Charity | |
| 2022 | 2022 | 2021 | 2021 | |
| 6 | 6 | 6 | ||
| Trade creditors | 4,264 | 4,264 | 6,828 | 6,828 |
| Other creditors | 1,163 | 1,163 | 1,196 | 1,196 |
| Accruals | 29,155 | 29,155 | 28,368 | 28,368 |
| 34,582 | 34,582 | 36,392 | 36392 |
| UND ANALYSIS | ||||
|---|---|---|---|---|
| Expendable | ||||
| Unrestricted | Restricted | Endowment | Total | |
| Funds | Funds | Fund | 2022 | |
| Gmup | ||||
| Tangible fixed assets | 5,355,814 | 5,355,814 | ||
| Investments | 7,738,840 | 7,738,840 | ||
| Debtors | 30,560 | 30,560 | ||
| Cash | 260,051 | 260,051 | ||
| Liabilities | 34,582) | (34,582) | ||
| 256,029 | 5,355,814 | 7,738,840 | 13,350,683 |
| Comparatives for the ye | ar ended 31March | 2021: | ||
|---|---|---|---|---|
| Expendable | ||||
| Unrestricted | Restricted | Endowment | Total | |
| Funds | Funds | Fund | 2021 | |
| Group | 6 | 6 | ||
| Tangible fixed assets | 5,308,196 | 5,308,196 | ||
| Investments | 7,404,574 | 7,404,574 | ||
| Debtors | 29,465 | 29,465 | ||
| Cash | 235,623 | 235,623 | ||
| Liabilities | (36,392) | (36,392 | ||
| 228,696 | 5r308,196 | /304,574 | 12,941+66 |
| Designated | General | Total | |
|---|---|---|---|
| Funds | Unrestricted | Unrestricted | |
| Funds | Funds | ||
| 2022 | |||
| Balance brought forward | 42,297 | 186,399 | 228,696 |
| Incoming Resources | 75,000 | 110,879 | 185,879 |
| Art Sales | 654 | 654 | |
| Expenditure | (1,138) | (281,097) | (282,235) |
| Fund Transfers | (47,618) | 170,653 | 123,035 |
| Balance carried forward | 69,195 | 186,834 | 256,029 |
| UNRESTRICTED FUNDS (CONTINUED) | UNRESTRICTED FUNDS (CONTINUED) | |||
|---|---|---|---|---|
| Cornparatioes for the year ended 31March 2021: | ||||
| Designated | General | Total | ||
| Funds | Unrestricted | Unrestricted | ||
| Funds | Funds | |||
| 2021 | ||||
| 6 | 6 | |||
| Balance brought forward | 40,919 | 119,855 | 160,774 | |
| Incoming Resources | 76,180 | 113,034 | 189,214 | |
| Expenditure | (247,927) | (247,927) | ||
| Historic adjustment | toreflect earlier | (36,862) | 36,862 | |
| additions | ||||
| Fund Transfers | 37,940 | 163,945 | 126,005 | |
| Balance carried forward | 42rt97 | 186399 | 228,696 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 6 | ||||
| Fleming | Coflection | Limited | 1 | 1 |