2021-02-28-accounts

								Pages
Trustees'	annual report (incorporating			the	director's	report)		1to 3
Independent examiner's report to the				trustees
Statement	offinancial	activities	(including		income and expenditure		account)
Statement	offinancial	position
Notes to the financial		statements						7to 13

							2021		2020
							Unrestricted
							funds	Total funds	Total funds
						Note
Income and	endowments
Donations and legacies							60,928	60,928	70,020
Other trading	activities						76,427	76,427	65,790
Total income							137,355	137/55	135,810
Expenditure
Expenditure	on raising funds:
Costs	ofother	trading		activities		7	(80,698)	(80,698)	(114,234)
Expenditure	on charitable		activities			8,9	(14,453)	(14,453)	(14,570)
Total expenditure							(95,151)	(95,151)	(128,804)
Net income	and net	movement			in funds		42,204	42,204	7,006
Reconciliation offunds
Total funds brought		forward					2,536	2,536	(4,470)
Total funds	carried	forward					44,740	44,740	2,536

						2021		2020
					Note
Fixed assets
Tangible fixed assets					14
Current assets
Debtors					15	1,105		1,601
Cash at bank	and in hand					59,685		16,933
						60,790		18,534
Creditors: amounts		falling due within		one year	16	(16,056)		(16,007)
Net current	assets						44,734	2,527
Total assets	less current		liabilities				44,740	2,536
Net assets							44,740	2,536
Funds ofthe	charity
Unrestricted	funds						44,740	2,536
Total charity	funds				18		44,740	2,536

	The compan	y is limited	by guarantee.
5.	Donations	and legacies
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
	Donations
	Donations					4,251	4,251
	Grants
	Government	grant income		60,928	60,928	65,769	65,769
				60,928	60,928	70,020	70,020
6.	Other trading activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
	Gallery income			76,427	76,427	65,790	65,790
7.	Costs ofother trading		activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
	Fundraising	trading - Gallery costs		80,698	80,698	114,234	114,234

Year	ended 28	ended 28	February	February	2021	2021	2021
8.	Expenditure		on charitable		activities			by	fund type
										Unrestricted			Total Funds		Unrestricted		Total Funds
											Funds		2021			Funds	2020
	Support costs										14,453		14,453			14,570	14,570
9.	Expenditure		on charitable		activities			by	activity type
															Total	funds
													Support costs			2021 Total fund 2020
	Governance		costs										14,453			14,453	14,570
10.	Net income
	Net income	is stated alter		charging/(crediting):
																2021	2020
																f,
	Depreciation		oftangible fixed assets													3	3
11.	Independent		examination		fees
																2021	2020
	Fees payable		to the independent			examiner-for:
	Independent		examination	ofthe		financial			statements							648	620
12.	Staff costs
	The total staff costs and employee						benefits for the reporting					period are analysed		as	follows:
																2021	2020
	Wages and	salaries														13,527	13,720
	The average		head count of		employees			during		the year was 3 (2020:3),The average					number	offull-time	equivalent
	employees	during the year			is analysed			as	follows:
																2021	2020
																No.	No.
	Number of	staff														3	3
	No employee		received employee				benefits		ofmore than		560,000 during the year (2020:Nil).

Tangible fixed a	ssets
			Plant	and
			machinery	etc	Total
Cost
At 1 March 2020 and 28 February		2021		502	502
Depreciation
At 1 March 2020				493	493
Charge for the year				3	3
At 28 February	2021			496	496
Carrying amount
At 28 February	2021
At 29 February 2020
Debtors
			2021		2020
Other debtors			1,105		1,601

	Other debtors include	an amount ofanil	(2020 - anil) due after more th	an one year.
16.	Creditors: amounts	falling due within	one year
				2021	2020
	Trade creditors			747	1,184
	Accruals and deferred	income		648	620
	Social security and other taxes			308	192
	Other creditors			14,353	14,011
				16,056	16,007

Government	grants	grants
The amounts	recognised in the financial		statements	for government	grants are as follows:
						2021	2020
Recognised	in income from donations	and legacies:
Government	grants income					60,928	65,769

	Unrestri	cted funds
								At
					At		28 February 20
				I	March 2020	Income	Expenditure	21
	General	funds			2,536	137,355	(95,151)	44,740
								At
					At		29	February 20
				1	March 2019	Income	Expenditure	20
	General	funds			(4,470)	135,810	(128,804)	2,536
19.	Analysis	ofnet assets between	funds
							Unrestricted Total Funds
							Funds	2021
	Tangible	fixed assets					6	6
	Current	assets					44,734	44,734
	Net assets						44,740	44,740
							Unrestricted	Total Funds
							Funds	2020
	Tangible	fixed assets					9	9
	Current	assets					2,527	2,527
	Net assets						2,536	2,536