Friends of the Victoria Art Gallery
Trustees’ Annual Report for the period from 1* April 2023 to 31st March 2024
Charity registration number: 1108344
Objectives and Activities
The purpose of the charity as set out in its Governing Document is to educate the public by the promotion, support, assistance and improvement of the Victoria Art Gallery, Bath. This is achieved by raising funds for the charity by: -
Identifying and inviting speakers of interest and of relevance to the Gallery collection.
Arranging visits to collections outside Bath.
Attracting new members so to increase income for the charity by subscriptions.
Publicising Gallery and Friends activities on a website independent of the main beneficiary.
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit in arranging all activities.
The Trustees have taken outside advice on fundraising and recruitment and survey members opinions.
The Trustees are actively engaged in a full risk assessment process because of changes in Local Authority and gallery management.
The Trustees constantly review their skills mix and actively recruit.
Achievements and Performance
Income levels have been well maintained despite closure of the permanent collection main gallery for major structural repairs.
Membership numbers fluctuate but the overall trend is upwards.
Grants have been made towards purchases for the collection.
A substantial sum from the capital fund has been committed to the refurbishment of a large redundant space for educational purposes which will be open to the public including families. A large additional gift towards that scheme from a Friend has been attracted and is eligible for Gift Aid.
,
Lectures in a temporary facility off site have attracted interest from numbers of people with whom the charity had no previous contact.
Financial Review
Treasurer’s Report - Accounts for the year ending 31st March 2024
Copies of the Annual Accounts are circulated to all Members with the notice of the Annual General Meeting. They have been checked by Carolyn Bruce-Jones our Independent Examiner as required by the Charity Commission. We have been given an extremely generous donation of £40,000.00 as a contribution to the refurbishment of the original teaching space adjacent to the Upper Gallery to which we have addeda gift aid contribution of £10,000.00. The Trustees have agreed to add £35,000.00 from the Friend’s funds to this so we are able to contribute the majority of the cost of the work. As the work is not yet complete we have invested these funds until it becomes due to be paid.
The donations box on the stairs in the Gallery has contributed almost £800 although this is less than previously due to the Upper Gallery being closed for refurbishment.
Our membership income has remained steady in the year and we have just under 400 members or almost 500 if counting individual members in joint memberships. The Gallery staff are very helpful in recruiting new members and we have a steady stream joining us throughout the year.
Bank interest shows a useful increase following changes in interest rates this year and totals include interest on the donation which has been invested.
Grants to the Gallery this year are much lower than previously
We continue to use the SumUp terminal at Gallery events in addition to accepting cash payments and this has proved very useful in making payments from visitors more secure and easier to handle at a minimum cost.
The increased income and reduced expenses have combined to give an exceptional surplus of £61,000 but this will be put to good use in our promised grant towards the redevelopment of the Gallery which should be payable in the next financial year.
All funds held by the Charity are unrestricted. However the Trustees have allocated funds for future grants as follows.
A substantial donation received in the current year plus associated Gift Aid plus a Grant from the Charity’s own funds allocated towards the refurbishment of a large redundant space in the Guildhall adjacent to the Gallery. £85,000
Provision for future Gallery extension — balance of Haber legacy (including accrued interest)
£81,005
Governance and Management
The Charity is a Charitable Unincorporated Association governed by a constitution dated 4™ February 2005 and registered with the Charity Commission
Trustee selection methods.
Where people with required skills are identified they are invited to attend Trustees meetings to observe how business is conducted and allow them to continue towards election as a trustee if they so wish. When at Trustees’ meetings they attend as observers and do not have voting rights. If wishingto be elected as a Trustee a CV is circulated to all members before the next AGM anda free vote by members conducted at the AGM.
The AGM papers circulated in advance include the invitation for any memberto stand for election as a Trustee by submitting a CV.
Existing members are actively encouraged to recruit new members and to propose anyone interested in becoming a member and Trustee.
Reference and Administrative details
The Name of the Charity is The Friends of the Victoria Art Gallery Registered Charity Number is 1108344
The Charity’s principal address is
Bridge Street, Bath BA2 4AT
The Trustees during the year were:-
Dr Michel Rowe Chairman Mr John Ennor Treasurer Mrs Sandra Le Marchant Mrs Marian McNeir Mr David Metcalfe
Dr Cathryn Spence
Mrs Lucia Thompson Mrs Pam Twohig Mrs Vivien Womersley
----- Start of picture text -----
Declarations
The Trustees declare tPt phey¥ have approved the trustees’ report above.
Signed on behalf of We ities Trustees
Signature
FullName Mic deLL jorfT Rowe2
Position Neerricer.
Date Or Joylar
----- End of picture text -----
----- Start of picture text -----
;
;
; a ,
Sons Ww. Evus
Won. To REASN RE SR
AW-\ Cpr ro vy
----- End of picture text -----
----- Start of picture text -----
Period end
----- End of picture text -----
Section A Statement of financial activities 8 Zz 8 Restricted Recommended categories by © Unrestricted income Endowment Prior year activity & funds funds funds Total funds funds £ £ £ £ £ Incoming resources (Note 3) FO1 FO2 FO3 FO4 FO5 Income and endowments from: CharitableOther trading activitiesactivities so[a5907] = |[T5907] ee | 4,895 | investments sof 4728;[T4728] 1,739 | Separate material item of income a a Other i a ee Total S07 [6 | ee eb Resources expended (Note 6) Expenditure on: Total 812 | IU 2A Oeee gains/(losses)Net income/(expenditure) before investment $13 gel61,005 ee61,005 ee9,853 Net income/(expenditure) sis | U00S Fe ee[00ers] Extraordinary items SS) a ee ee ee Transfers between funds Ts i a Ce Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use S18a h—l hr Net movement in funds $20 [) NON0GS |eeoe | ees | Total funds carried forward sof ool | eieaee, eeea |
Section B
Balance sheet
| wn | ||
|---|---|---|
| 2 | ||
| (e) | ||
| z | ||
| 8 | Restricted | |
| o fo} |
Unrestricted income Endowment Total this Total last funds funds funds year year |
|
| £ £ £ £ £ |
||
| Fixed assets | FO1 FO2 F03 F04 FO5 |
|
| Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note17) Total fxedassets Current assets |
dhl i ll lll am{ |
|
| Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cashatbank and inhand(Note24) Totalcurrentassets |
poo por ss 800 810 |
[ —-260f_ |
| Creditors: amounts falling due within | ||
| one year (Note 20) |
B11 | 2,750 2,750 2,240 |
| Netcurrentassets/(liabilities) | 812 | [~2TSU2TTT TO |
| Totalassetsless currentliabilities | B13 | Pe ee ee 152,024 |
| Creditors: amounts falling due after | ||
| one year (Note 20) |
B14 | |
| Provisions for liabilities | ps | |
| Totalnet assets orliabilities | B16 | 213,029i |
| Funds ofthe Charity | ||
| Endowmentfunds (Note 27) Restricted incomefunds (Note27) |
B17 B18 |
S fF - |
| Unrestricted funds | B19 | 213,029 - 213,029 152,024 |
| Revaluation reserve Totalfunds |
B20 21 |
- fF (“2730 TCC“ 1820 |
| Signed by one ortwo trustees on behalf of all the trustees |
Date of [ Porsere PrintName approval 4 dd/mm/ |
|
| PREEe—[sroanmoa[ouareas |
CC17a (Excel)
1
02/04/2024
Independent examiner's report on the accounts
Report to the trustees
Friends of the Victoria Art Gallery On accounts for the year | 31% March 2024 Charity no | 1108344 ended (if any) | report to the trustees on my examination of the accounts of the above charity (‘the Trust”) for the year ended 31/03/2024 Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). | report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's | have completed my examination. | confirm that no material matters have statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act; or e the accounts did not accord with the accounting records; or e the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
----- Start of picture text -----
Signed: |( . 4. Ainde rfarer Date: | 2 / 2 (24.
Name: |CAKLLUN BRUCE -IOINES
Relevant professional
qualification(s) or body A. C.A
(if any):
Address: |COLE STYLE FARM COLE, BRUTON
----- End of picture text -----