2022-03-31-accounts

		Page
Legal &Administrative	information
Trustees' report
Statement ofTrustees'	Responsibilities	22
Report ofthe independent auditor		23
Statement of Financial	Activities	27
Balance Sheet		28
Statement of Cash Flows		29
Notes to the Fina ncia I	Statements	30

			Unrestricted	Restricted	2022	2021
		Note	Funds	Funds	Total	Tota I
					E	E
Income from
Donations			777,549	581,859	1,359,408	1,857,867
Charitable activities		5	124,735		124,735	126,730
Other trading	activities	6	37,500		37,500	18,750
Investments			232		232	52
Total			940,016	581,859	1,521,874	2,003,399
Expenditure on
Raising funds			116,700		116,700	119,618
Charitable activities			1,061,601	526,643	1,588,244	1,670,750
Total			1,178,301	526,643	1,704,944	1,790,368
Net income/ (expenditure)			(238,286)	55,216	(183,070)	213,031
Transfer between funds		18	83,778	(83,778)
Net movement	in funds		(154,508)	(28,562)	(183,070)	213,031
Reconciliation	offunds:
Total funds brought forward		17/18	285,912	161,173	447,085	234,054
Total funds carried forward		17/18	131,404	132,611	264,015	447,085

				AS RESTATED
			2022	2021
		Notes	E	E
FIXEDASSETS
Intangible assets		11	185,874	226,958
Tangible assets		12	1,089	13,120
Totalfixed assets			186,963	240,078
CURRENT ASSETS
Stocks		13	2,395	2,973
Debtors		14	91,083	198,393
Cash at bank and in	hand		268,995	343,247
Total current assets			362,473	544,613
CURRENT LIABILITIES:
Creditors: Amounts	falling due within one year		(194g017)	(228,202)
Net current assets			168,456	316,411
Total assets less current liabilities			355,419	556,489
Creditors: Amounts	falling due after more than one year	16	(91,4041	(109,404)
Total net assets			264,015	447,085
The funds ofthe charity:
Unrestricted funds		17	131,404	285,912
Restricted funds		17/18	132,611	161,173
Total charity funds			264,015	447,085

					2022		2021
			Notes
Net cash provided by/(used activities		in) operating	19		10,056			438,968
Cash flows from investing		activities:
Interest receivable and similar income				232			52
Purchase oftangible fixed	assets			(66'540)		(155,275)
Net cash used in investing		activities			(66,308)			(155,223)
Cash flows from financing		activities:
Repayment of loans and borrowings				(18,000)		(15,250)
Net cash used in financing	activities				(18,000)			(15,250)
Net increase/(decrease) in equivalents		cash and cash			(74,252)			268,495
Cash and cash equivalents		at 1April 2021			343p247			74,752
Cash and cash equivalents		at31March 2022			268,995			343,247
Analysis of net cash/(debt)
				At 1April	Cash flow	Non-cash	At	31March
				2021		Changes		2022
				6		6		6
Cash at bank and in hand				343,247	(74,252)			268,995

		Unrestricted	Restricted	2021	2020
		Funds E	Funds E	Total f	Totalf
Income from
Donations		530,952	1,326,915	1,857,867	2,149,431
Charitable activities		126,730		126,730	107,479
Other trading	activities	18,750		18,750
Investments		52		52	107
Total		676,484	1,326,915	2,003,399	2,257,017
Expenditure on
Raising funds		119,618		119,618	114,708
Charitable activities		630,855	1,039,895	1,670,750	2,210,.379
Total		750,473	1,039,895	1,790,368	2,325,087
Net income /	(expenditure)	(73,989)	287,020	213,031	(68,070)
Transfer between funds		267,352	(267,352)
Net movement	in funds	193,363	19,668	213,031	(68,070)
Reconciliation	offunds:
Total funds brought forward		92,549	141,505	234,054	302,124
Total funds carried forward		285,912	161,173	447,085	234,054

	Unrestricted	Restricted	Total	Tota I
	Funds	Funds	2022	2021
	f	f	f	f
Donations	777p549	581859	1p359408	1,857,867

Unrestricted donations	comprise:	comprise:	comprise:
							Total	Total
							2022	2021
							f	f
Bloomberg L.P							337,500	168,750
Garfield Weston Foundation							75,000
Deborah Loeb Brice CAF		Advised		Fund			50,000	50,000
Treebeard Trust							10,000	10,000
C Gregson							2,000	24,000
Gifts in Kind —Google							43,557	44,176
Gifts in Kind Freshfields	Legal						25,000	15,943
Gifts in Kind —Fundraising		venue		hire			13,000
Gifts in Kind —Amazon								4,169
ACE Emergency COVID	Funding							25,000
Esmee Fairbairn Foundation								25,000
Oakmore Trust								20,000
CHK Foundation								10,000
City of London COVID Grant								10,000
Fidelity Foundation								10,000
Other small unrestricted		donations			below f10,000		221,492	113,914
							777,549	530,952
Restricted donations comprise:
							Total	Total
							2022	2021
							f	f
Arts Council England —A		Shared	Digital Platform for England's			Art	240,000	300,000
John Ellerman Foundation							97,962	42,813
Ampersand Foundation							50,000
Freelands Foundation							48,981
Scottish Government							47,356	53,458
Jonathan &George De	Pass						25,000
Arts Council England —Sculpture							12,929
The Henry Moore Foundation							10,000	20,000
National Lottery Heritage		Fund						771,549
Paul Mellon Centre for	Studies		in	British Art				30,000
Creative Scotland								26,895
Wolfson Foundation								20,000
Greater London Authority								18,000
Bank ofAmerica								11,000
William Syson Foundation								10,000
Other small restricted donations				below E10,000			49,631	23,200
							581,859	1,326,915

		Unrestricted	Restricted	Total	Tota I
		Funds	Funds	2022	2021
		E	6	f	E
Interest receivable		232		232	52
In 2021 all ofthe investment	income was unrestricted.

				Unrestricted	Restricted	Total	Tota I
				Funds	Funds	2022	2021
				E	E	E	f
Art UK Partner		Collection Subscriptions		101,014		101,014	98,659
Replacement		image discs		107		107	10
Book Sales				7,495		7,495	10,724
Commercial	Digitisation			2,019		2,019	7,477
Art UK Dealership			Scheme	667		667	1,592
Art UK Products				3,745		3,745	5,369
Miscellaneous				9,688		9,688	2,899
receivable				124,735		124,735	126,730

Unrestricted	Restricted	Total	Tota I
Funds	Funds	2022	2021
E	f	E	f
37,500		37,500	18,750

			Staff costs	Depreciation	Other	Total	Total
				and	costs
				Amortisation
						2022	2021
						6	6
Cost ofraising fund:
Fundraising	and publicity	costs			48,145	48,145	31,392
Support costs allocation (see below)					20,787	20,787	20,604
Staffcosts			68,555			68,555	67,622
Total cost of raising funds			68,555		68,932	137,487	119,618
Charitable expenditure:
Staff costs			762,159			762,159	845,827
Depreciation				112,123		112I123	144,149
Other costs					417,005	417,005	357,793
Support and	governance	costs	167,394	7,499	101,277	276,170	322,801
Total charitable expenditure			929,553	119,622	518,282	1,567,457	1,670,750
Total expenditure			998,108	119622	587p214	1704p944	1790368

Included within char 6286,643 attributed	Included within char 6286,643 attributed	itable expenditure is F1,301,601 attributable t to restricted funds (2021:E1,039,895)	itable expenditure is F1,301,601 attributable t to restricted funds (2021:E1,039,895)	o unrestricted funds (2021:F630,	855) and
Analysis ofsupport		and governance costs		2022	2021
				6	6
Staff costs				167,394	126,300
Depreciation				7,499	8.879
Office and other costs				38,292	130,628
ITcosts				32,449	27,083
Financial Control fees				41,790	39,750
Loss on disposal offixed assets				33	110
Allocation of	support	costs to fundra ising activities		(20,787)	(20,604)
Governance	costs —audit fees and professional		fees	9,500	10,655
				276,170	322,801

							2022	2021
							No	No
Average	monthly	headcount					32	35
Average	monthly	headcount		expressed	as full-time	equivalents	27	30
Employee	costs were as		follows:
Salaries							894,350	937,202
National	Insurance						85,438	83,551
Pension contributions							18,320	18,995
							998108	1039749
The number ofemployees			whose annual		emoluments	were 860,000or more were:
							2022	2021
f70,001 - F80,000							1

AUDIT	OR'5 REMUNERATION
		2022	2021
		F	f
Audit		8,000	9,185
Other	services	1,500	1,470

	Sculpture website interface development	Computer software	Other software development	Art UK website development	Total
Cost
At 1April 2021	247,784	116,073	127,150	414,993	906,000
Additions		5,625	31,500	29,415	66,540
Disposals		(53,438)		(157,038)	(210,4761
At 31March 2022	247,784	68,260	158,650	287,370	762,064
Amortisation
At 1April 2021	173,545	116,073	20,764	368,660	679,042
Charge for the year	51,403	1,055	29,282	25,884	107,624
Eliminated on disposal		(53,438)		(157,038)	(210,476)
At31March 2022	224,948	63,690	50,046	237,506	576,190
Net book value
At 31March 2022	22,836	4,570	108,604	49,864	185,874
At 31March 2021	74,239		106,386	46,333	226,958

			Sculpture equipment	Computer equipment		Total
	Cost
	At 1April 2021		2,372	55,235		57,607
	Additions
	Disposals			(1,575)		(1,575)
	At 31March 2022		2,372	53,660		56,032
	Depreciation
	At 1April 2021		2,025	42,462		44,487
	Charge for the	year	347	11,652		11,999
	Eliminated on disposal			(1,543)		(1,543)
	At 31March 2022		2,372	52,571		54,943
	Net book value
	At 31March 2022			1,089		1,089
	At 31March 2021		347	12,773		13,120
13.	STOCKS
					2022	2021
					6	f
	Art UK Products				2,395	2,973
14.	DEBTORS
					2022	2021
					6	f
	Amounts falling due within one year
	Trade debtors				18,684	19,906
	Prepayments	5,accrued income			61,372	155,524
	Other debtors				11,027	8,513
					91,083	183,943
	Amounts due after more than one year
	Other debtors					14,450
					91,083	198,393

													AS RESTATED
												2022	2021
												f	f
	Trade creditors											43,424	57,943
	Accruals &deferred		income									104,248	126,423
	PAYE/Nl payable											22,823	18,985
	Other creditors											5,522	6,851
	Otherloans											18,000	18,000
												194,017	228,202
												2022	2021
												f	f
	Deferred	income at	1	April 2021								50,805	49,006
	Resources	deferred	during the year									51p735	50,805
	Amounts	released from			previous		periods					(50,805)	(49,006)
												51,735	50,805
16.	CREDITORS: amounts				falling due after more					than	one year		AS RESTATED
												2022	2021
												f	f
	Otherloans											91,404	109,404
17.	ANALYSIS OF NET ASSETS BETWEEN								FUNDS
	As at 31	March 2022:
										Unrestricted		Restricted	Total
											Funds	Funds	2022
											f	f	f
	Intangible	fixed assets									185,874		185,874
	Tangible	fixed assets									1,089		1,089
	Current assets										229,862	132,611	362,473
	Creditors:	amounts		falling		due		within	one		(194,017)		(194,017)
	year
	Creditors: one year	amounts	falling			due	in	more than			(91,404)		(91,404)
											131,404	132,611	264,015

7. ANALYSIS OF NET ASSE	7. ANALYSIS OF NET ASSE	7. ANALYSIS OF NET ASSE	TS	BET	WEEN	FUNDS (C	ontinued)
As at 31 March 2021:
									AS RESTATED
							Unrestricted	Restricted	Total
							Funds	Funds		2022
							f	f		f
Intangible	fixed assets						226,958		13,120
Tangible fixed assets							13,120		226,958
Debtors due after more than one					year		14,450		14,450
Current assets							368,990	161,173	530,163
Creditors: year	amounts	falling	due		within	one	(228,202)		(228,202)
Creditors: one year	amounts	falling	due	in	more	than	(109,404)		(109,404)
							285,912	161,173	447,085
. RESTRICTED FUNDS
		Balance			at	Incoming	Resources		Balance at
			1April			Resources	Expended	Transfers	31March
				2021					2022
					f	f	f	f	f
Art Detective			19,899			38,612	(28,353)	(5,625)	24'533
Schools Learning	Portal		22,031				(12,540)	(9,491)
Scottish Content and Audience Development			58,038				(54,566)	(3,472)
Sculpture						12,929		(12,929)
Extending Public Sculpture			55,205			25,250	(97,244)	16,789
Sculpture Trails				6,000			(300)	(5,700)
Shop						25,000			25,000
Content gr Collection
Partnership Platform						32,356	(1,471)	(29,415)	1p470
Improvements
Welsh Content and
Audience Development						4,750		(4,750)
Funding
A Shared Digital Platform for England's Art						240,000	(240,000)
Superpower of Looking						97,962	(90,894)	(3,685)	3,383
Tagger						105,000	(1,275)	(25,500)	78,225
Total restricted	funds		161,173			581,859	(526,643)	(83,778)	132,611

NET CASH	INFLOW	F	ROM OPERATING ACTIVITIES
				2022	2021
				E
Net income/(expenditure)			for the year	(183,070)	213,031
Depreciation	charges			11,999	14,931
Amortisation	charges			107,624	138,097
interest				(232)	(52)
Loss on the	sale offixed		assets	33	110
Decrease in	stocks			577	2,170
Decrease/(increase)		in debtors		107,310	54,902
Decrease/(increase)		in creditors		(34,186)	15,779
				10,056	438,968

ANA	LYSIS OF CHANGES IN NET DEBT
		At 1 April	Cash	At 31
		2021f	flows F	March 2022 E
Cash	at bank and in hand	343,247	(74,252)	268,995
Debt	due within 1year	(127,404)	18,000	(109,404)
		215843	(56I252)	159591

At 31March 2022 the Charity had commitments to make future cancellable operating leases as follows:	minimum lease payments under	non-
	2022	2021
	E	E
Not later than 1year		800
Later than 1year and not later than 5years		800
		1,600