2023-03-31-accounts - Asian Arts Agency

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe	Trustees	1 to	5
Independent	Examiner's Report
Statement of	Financial Activities
Balance Sheet		8 to	9
Nates tothe Financial Statements		10 to	15
Detailed Statement of Financial Activities		16 to	17

			Unrestricted	Restricted	31.3.23 Total	31.3.22 Total
INCOME AND ENDOWMENTS	FROM	Notes	funds f	funds f	funds f	funds f
Donations and legacies			293,831		293,831	405,807
Other trading activities Investment income			69,519 14		69,519 14	34,292 11
Total
			363,364		363,364	440,110
EXPENDITURE ON
Charitable activities:
Share ofsupport costs		4	145,591		145,591	128,708
Other
			186,699		186,699	169,333
Total
			332,290		332,290	298,041
Net gains on investments			2,383		2,383
NET INCOME
			33,457		33,457	142,069
RECONCILIATION OF FUNDS
Total funds brought forward			71,638	317,319	388,957	246,888
TOTAL FUNDS CARRIED FORWARD			105,095	317,319	422,414	388,957

		~21		22
		~2222I2		2 2222I2222
						31.3.23	31.3.22
			Unrestricted		Restricted	Total	Total
FIXEDASSETS		Notes		funds f	funds f	funds f	funds f
'Tangible assets		8		775		775	3,859
CURRENT ASSETS
Debtors Prepayments Cash at bank	and accrued income and in hand	9		33,130 5,367 395,304		33,130 5,367 395,304	6,550 2,633 379,216
				433,801		433,801	388,399
CREDITORS
Amounts falling due within one year		10		(12,162)		(12,162)	(3,301)
NET CURRENT	ASSETS			421,639		421,639	385,098
TOTAL ASSETS LESSCURRENT LIABILITIES
				422,414		422,414	388,957
NET ASSETS				422,414		422,414	388,957
FUNDS
Restricted funds
Unrestricted	funds					317,319	317,319
						105,095	71,638
TOTAL FUNDS
						422,414	388,957

OTHER TR	ADING ACTIVITIES
		31.3.23	31.3.22
Fundraising Fundraising	events Core costs for artistic activity	6 7,511 62,008	6 34,292
INVESTMENT INCOME		69,519	34,292
		31.3.23	31.3.22
Deposit account interest		6	E
		14	11

COMPARATIVE	S FOR THE STA	TEMENT OF FINANC	IAL ACI IVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
INCOME AND	ENDOWMENTS	FROM	f	f	f
Donations and	legacies		405,807		405,807
Other trading activities investment income			34,292 11		34,292 11
Total			440,110		440,110
EXPENDITURE	ON
Charitable activities
Share ofsupport costs			128,708		128,708
Other			169,333		169,333
Total			298,041		298,041
NET INCOME			142,069		142,069
RECONCILIATION OF FUNDS
Total funds brought forward			246,888		246,888
TOTAL FUNDS	CARRIED FORWARD		388,957	—	388,957

MOVEMENT IN FUNDS
		Net
		movement	At
Unrestricted funds Restricted funds	At 1.4.22 f 71,638 317,319	in funds f 33,457	31.3.23 f 105,095 317,319
TOTAL FUNDS	388,957	33,457	422,414

			Incoming	Resources	Gains and	Movement
			resources f	expended f	losses f	in funds f
Unrestricted	funds		363,364	(332,290)	2,383	33,457
TOTAL FUNDS			363,364	(332,290)	2,383	33,457
Comparatives	for movement	in funds
				Net
				Movement
Unrestricted funds Restricted funds			At 1.4.21 f 68,624 178,264	in funds f 142,069	Transfer f (139,055) 139,055	At 31.3.22 f 71,638 317,319
TOTAL FUNDS			246,888	142,069		388,957

		Incoming	Resources	Movement
Unrestricted	funds	resources f 440,110	expended f (298,041)	in funds f 142,069
TOTALFUNDS		440,110	(298,041)	142,069

Unrestricted funds Restricted funds	At 1.4.21 f 68,624 178,264	Net movement in funds f 175,526	Transfer f (139,055) 139,055	At 31.3.23 f 105,095 317,319
TOTAL FUNDS	246,888	175,526		422,414

		Incoming	Resources	Gains and	Movement
		resources f	expended f	losses f	in funds f
	Unrestricted funds fund	803,474	(630,331)	2,383	175,526
	TOTAL FUNDS	803,474	(630,331)	2,383	175,526
12.	RELATED PARTY DISCLOSURES

		atemen	ofFinancial A	ofFinancial A	vi 'e
		Ye	3	M	02
						31.3.23	31.3.22
						E	E
INCOME AND ENDOWMENTS
Donations and legades
Grants
Other general grants						293,831	6,326 399,481
						293,831	405,807
Other trading activities
Fundraising events -Core costs Fundraising for artistic activity						7,511 62,008	34,292
Investment income						69,519	34,292
Deposit account interest
						14
Total incoming resources						363,364	440,110
EXPENDITURE
Artistic costs
Artist fees and expenses Events						149,289	148,855
Organisational development						7,261	1,983
Sundries							7,206
Professional fees							11,289
Research and development Travel and subsistence	costs					1,605 1,500
						27,044
Support costs						186,699	169,333
Management
Administration costs
						7,431
Information technology
Repairs and renewals
Travel &Subsistence						784
Consultancy fees						1,612
						2,640
						5,036	392
Human resources
Wages Social security Carried forward						85,018 4,000	94,785 5,056
						89,018	99,841

	Detailed State of i t' E	nanci cti es
Human resources		31.3.23 f	31.3.22f
Brought forward
Pensions		89,018	99,841
Rent and rates		3,120
Insurance		4,907	15,519
Software licences		455	467
		272
		97,772	115,827
Office
Telephone
Postage and stationery		2,506	2,159
Book-keeping			75
		4,315	2,740
		6,821	4,974
Marketing and publicity costs
Advertising
Subscription		5,302	736
Marketing costs Publicity costs		999 13,561	540
		2,188
		22,050	1,276
General and finance charges
Computer equipment Loss on sale oftangible Bank charges	fixed assets	3,406 (1,228)	3,860
			199
		2,178	4,059
Governance costs
Accountancy and legal fees		4,303	2,180
Total resources expended		332,290	298,041
Net income before gains	and losses	31,074	142,069
Realised recognised gains	and losses
Exchange gains
		2,383
Net income
		33,457	142,069