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|||Page|Page|
|---|---|---|---|
|Report ofthe Trustees|1|to|3|
|Independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Balance Sheet|6|to|7|
|Notes to the Financial Statements|8|to|15|
|Detailed Statement ofFinancial Activities|16|to|17|
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||for the|Year Ended 31Decemb|er 2022||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Charitable
activities||||11,002|
|Grants received|||||
|Other trading activities|||70,904
8|71,595
I|
|Investment
income||||50|
|Other income|||||
|Total|||70,912|82,648|
|EXPENDITURE ON
Raising funds|||82,598|70,310|
|NET INCOME/(EXPENDITURE)|||(11,686)|12,338|
|RECONCILIATION
OF FUNDS
Total funds brought
forward|||508,540|496,202|
|TOTAL FUNDS CARRIED FORWARD|||496,854|508,540|
##
||Balattce Sheet
8I December 2022|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets||35,204|8,004|
|Investments||||
|tnvestment
property|9|700,000|700,000|
|Social investments|10|100|100|
|||735,304|708,104|
|CURRENT ASSETS||||
|Debtors||2,754|7,539|
|Cash at bank and in hand||13,325|3,517|
|||16,079|11,056|
|CREDITORS||||
|Amounts
falling due within one year|12|(15,211)|(34,672)|
|NET CURRENT ASSETS||868|(23,616)|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||736,172|684,488|
|CREDITORS||||
|Amounts
falling due after more than one year|13|(239,318)|(175,948)|
|NET ASSETS||496,854|508,540|
|FUNDS|15|||
|Unrestricted
funds||496,854|508,540|
|TOTAL FUNDS||496,854|508,540|
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|||||31.12.22|31.12.21|
|---|---|---|---|---|---|
||||||f,|
||Hot desk income||||698|
||Cafe rentals|||19,500|18,000|
||0%cerentals|||42,208|42,513|
||Room hire|||4,794|406|
||Refreshments|||1,938|244|
||Gallery Sales
Recharged costs
Service charges
Donations|||343
1,680
74
5|7,000
1,680
385
47|
||Leisure workshops|||322|622|
||Equipment
Hire|||40||
|||||70,904|71,595|
|3.|INVESTMENT INCOME|||31.12.22|31.12.21|
||Interest receivable|- trading||||
|4.|RAISING FUNDS|||||
||Raising donations|and|legacies|31.12.22|31.12.21|
||Support costs|||66,899|51,678|
|5.|NET INCOME/(EXPENDITURE)|||||
||Net income/(expenditure)||is stated after charging/(crediting):|||
|||||31.12.22|31.12.2 I|
||Depreciation
- owned assets
Surplus
on disposal of fixed assets|||5,530|1,412
(50)|
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|COMPARATIVES F|OR THE STATEMENT OF FINANCIAL|ACTIVITIES|
|---|---|---|
|||Unrestncted|
|||fund|
|INCOME AND ENDOWMENTS FROM|||
|Charitable
activities
Grants received||11,002|
|Other trading activities||71,595|
|Investment
income
Other income||I
50|
|Total||82,648|
|EXPENDITURE ON
Raising funds||70,310|
|NET INCOME||12,338|
|RECONCILIATION
OF FUNDS
Total funds brought
forward||496,202|
|TOTAL FUNDS CARRIED FORWARD||508.540|
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|S.|TANGIBLE FIXEDASSETS||||
|---|---|---|---|---|
|||Improvements|Fixtures||
|||to|and||
|||property|fittings|Totals|
||COST||||
||At
1 January 2022||27,408|27,408|
||Additions|12,328|20,402|32,730|
||At 31 December 2022|12,328|47,810|60,138|
||DEPRECIATION||||
||At
1 January 2022||19,404|19,404|
||Charge for year|1,233|4,297|5,530|
||At 31 December 2022|1,233|23,701|24,934|
||NET BOOK VALUE||||
||At 31 December 2022|11,095|24,109|35,204|
||At 31 December 2021||8,004|8,004|
|9.|INVESTMENT PROPERTY||||
||FAIR VALUE||||
||At
1 January 2022||||
||and 31 December 2022|||700,000|
||NET BOOK VALUE||||
||At 31 December 2022|||700,000|
||At 31 December 2021|||700,000|
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|SO|CIAL INVESTMENTS||
|---|---|---|
|||Other|
|||investments|
|||f|
|MARKET VALUE|||
|At|I January 2022 and 31 December 2022|100|
|NET BOOK VALUE|||
|At|31 December 2022|100|
|At|31 December 2021|100|
##
|DEBTORS:AMOUNTS|FALLING DUK WITHIN ONE YEAR|||
|---|---|---|---|
|||31.12.22|31.12.21|
||||f|
|Trade debtors||707|1,659|
|Other debtors||37|5,206|
|VAT||2,010||
|Prepayments|||674|
|||2,754|7,539|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||31.12.22|31.12.21|
||||f|
|Bank loans and overdrafts
Trade creditors
Other liabilities
Accruals
VAT
Other creditors|(see note I4)|4,200
2,805
1,885
6,306
15|18,310
8,763
1,570
1,434
2,648
1,947|
|||15,211|34,672|
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||for the Year Ended 31De|cember 2022|||
|---|---|---|---|---|
|13.|CREDITORS: AMOUNTS FALLING DUE AFTER|MORE THAN|ONE YEAR||
||||31.12.22|31.12.21|
||Bank loans (see note 14)||239,318|175,948|
|14.|LOANS||||
||An analysis ofthe maturity ofloans is given below:||||
||||31.12.22|31.12.21|
|||||f,|
||Amounts
falling due within one year on demand:||||
||Bank loans||4,200|18,310|
||Amounts
falling between one and two years:||||
||Bank loans - 1-2years||4,200|18,310|
||Amounts
falling due between two and five years:||||
||Bank loans - 2-5 years||12,600|54,930|
||Amounts
falling due in more than five years:||||
||Repayable
by instal ments:||||
||Bank loans more 5 yr by instal||222,518|102,708|
|15.|MOVEMENT IN FUNDS||||
||||Net||
||||movement|At|
|||At 1.1.22|in funds|31.12.22|
||Unrestricted
funds||||
||General
fund|508,540|(11,686)|496,854|
||TOTAL FUNDS|508,540|(11.686)|496.854|
##
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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted||fIands||||
|General|fund||70,912|(82,598)|(11,686)|
|TOTAL|FUNDS||70,912|(82,598)|(11,686)|
##
|Compara|tives|for movement
in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||fnovement|At|
||||At 1.1.21|in funds|31.12.21|
|||||f||
|Unrestricted||funds||||
|General|fund||496,202|12,338|508,540|
|TOTAL|FUNDS||496,202|12,338|508,540|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General|fund||82,648|(70,310)|12,338|
|TOTAL|FUNDS||82,648|(70,310)|12,338|
##
##
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.1.2 I|in funds|31.12.22|
|Unrestricted||funds||||
|General|fund||496,202|652|496,854|
|TOTAL|FUNDS||496,202|652|496,854|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds
f|
|Unrestricted||funds||||
|General|fund||153,560|(152,908)|652|
|TOTAL|FUNDS||153,560|(152,908)|652|
##
##
||for the Year Kadetl 31|December 2022||
|---|---|---|---|
|||31.12.22|31.12.21|
|||f|f|
|INCOME AND KNDOWMKNTS||||
|Other trading activities||||
|Hot desk income|||698|
|Cafe rentals||19,500|18,000|
|Office rentals||42,208|42,513|
|Room hire||4,794|406|
|Refreshments||1.938|244|
|Gallery Sales||343|7.000|
|Recharged costs||1,680|1,680|
|Service charges||74|385|
|Donations||5|47|
|Leisure workshops||322|61'7|
|Equipment
Hire||40||
|||70,904|71.595|
|Investment
income||||
|interest receivable - trading||||
|Charitable
actlvilies||||
|Grants|||I 1.002|
|Other income
Gain on sale oftangible|fixed «ssets||50|
|Total incoming
resources||70,912|82,648|
|EXPENDITURE||||
|Other trading activities
Mallagcntent
fees
Gallery Casts
Workshop Costs||14020
I 446
23l|I4,902
3,643
87|
|||I5.699|18,632|
|Support costs||||
|Management
Postage and stationery
Carried fnnvard||SI
Sl|57
57|
##
##
||for the Year Ended 31|December 2022||
|---|---|---|---|
|||31,12.22|31.12.21|
|Management||||
|Brought forward|||57|
|Subsistence costs|||99|
|||51|156|
|Finance||||
|Bank charges||'1,649|4,015|
|Bank interest||14,858 ~|7,954|
|||16,507|11,969|
|Human
resources||||
|Rates and water||(497)|4,598|
|Insurance||4,207|4,680|
|Light and heat||7,636|5, 173|
|Telephone &broadband||6,698|6,293|
|Repairs &maintenance||12,573|6,828|
|Rent||250|250|
|Other oNce costs||180|2|
|Refreshments||1,728|202|
|Caretaker|||60|
|Computer
supplies &IT
Cleaning
Workshop
costs|costs|1,856
6,172
219|2,217
4,637
456|
|||41,022|35,396|
|Other||||
|Motor vehicle expenses
Depreciation oftangible|fixed assets|5,530|47
1,413|
|||5,530|1,460|
|Other 2||||
|Advertising||696||
|Governance
costs||||
|Accountancy
fees||3,093|2,748|
|Total resources expended||82,598|70,310|
|Net (expenditure)/income||(11,686)|12,338|