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|---|---|---|---|---|---|---|---|---|
|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|
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||||||||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|
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|||||||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|
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||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|
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|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).|||||||
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|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|
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|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|
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||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|