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|||||||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<br>activities||||111,533|||111,533|113,034|
|Total income||||186,533||189,095|375,628|362,807|
|Expenditure<br>on:|||||||||
|Costs ofgenerating|funds||5|||46,894|46,894|44,620|
|Charitable<br>activities|||7|282,235|||282,235|247,297|
|Total expenditure||||282,235||46,894|329,129|291,917|
|Net operating<br>(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<br>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|





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## 

|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<br>Loan ofpaintings|||3,500<br>102,945|||3,500<br>102,945|
|Reproduction||charges-|||||
|Bridgeman<br>Catalogue <br>Art Sales|Art Library<br> and book sales||1,041<br>3,393<br>654|||1,041<br>3,393<br>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<br>costs||4,810|||4,810|
|Miscellaneous<br>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<br>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<br>Social security costs<br>Pension contributions|110,928<br>8,817<br>933|109,000<br>8,618<br>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<br>NVESTMENTS|EAR ENDED 31MAR|CH 2022 (CON|
|---|---|---|
||Total|Total|
||2022|2021|
||6||
|Market value brought forward<br>Acquisitions<br>at cost<br>Less:disposal proceeds (realised capital cash)|7,404,574<br>490,307<br>(632,305|6,245,122<br>1,122,547<br>(729,680)|
|Realised gains on disposals<br>Net gain on revaluation|746L576<br>61,295<br>301,423|6437,989<br>63,542<br>1,130,882|
|Add: net movement<br>in realised capital cash<br>retained for reinvestment|7425~4<br>113,546|7,832r413<br>(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|