2022-02-28-accounts - Waterfront Gallery

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Pages
Trustees' annual report (incorporating the director's	report)		1 to 3
Independent examiner's report to the trustees
Statement of financial activities (including income	and expenditure	account)
Statement of financial position
Notes to the financial statements			7to 13
The following pages do not form part ofthe financial statements
Detailed statement of financial activities			15

					2022		2021
					Unrestricted
					funds	Total funds	Total funds
				Note
Income and endowments
Donations and legacies					10,381	10,381	60,928
Other trading activities					40,527	40,527	76,427
Total income					50,908	50,908	137,355
Expenditure
Expenditure on raising funds:
Costs ofother trading		activities		7	(55,910)	(55,910)	(80,698)
Expenditure on charitable	activities			8,9	(2,546)	(2,546)	(14,453)
Total expenditure					(58,456)	(58,456)	(95,151)
Net (expenditure)fincome		and net movement	in funds		(7,548)	(7,548)	42,204
Reconciliation offunds
Total funds brought forward					44,740	44,740	2,536
Total funds carried forward					37,192	37,192	44,740

Year	ended 28	February 2022	February 2022	February 2022	February 2022
9.	Expenditure	on charitable activities				by activity type
										Total	funds
								Support costs			2022 Total	fund 2021
	Governance	costs						2,546			2,546	14,453
10.	Net (expenditure)/income
	Net (expenditure)/income		is stated		after charging/(crediting):
											2022	2021
	Depreciation	oftangible fixed assets									1	3
11.	Independent	examination	fees
											2022	2021
	Fees payable	to the independent		examiner for:
	Independent	examination	of the	financial statements							680
12.	Staff costs
	The total staff costs and employee				benefits for the reporting			period are analysed	as	follows
											2022	2021
	Wages and salaries										1,800	13,527
	The average	head count ofemployees				during	the year was 2(2021:3).The average			number	offull-time	equivalent
	employees during the year		is analysed			as follows:
												2021
												No.
	Number ofstaff											3

14.	Tangible fixed assets
							Plant	and
							machinery	etc	Total
	Cost
	At 1March 2021 and		28February	2022				502	502
	Depreciation
	At 1 March 2021							496	496
	Charge for the year							1	1
	At 28 February 2022							497	497
	Carrying amount
	At 28February 2022							5
	At 28 February 2021							6
15.	Debtors
							2022		2021
	Other debtors						1,105		1,105
	Other debtors include		an amount ofanil		(2021 - anil) due after more		than one year.
16.	Creditors: amounts	falling due within			one year
							2022		2021
	Trade creditors						2,000		747
	Accruals and deferred		income					680	648
	Social security and other taxes								308
	Other creditors						14,428		14,353
							17,108		16,056
17.	Government grants
	The amounts recognised in the financial				statements	for government	grants are as follows:
							2022		2021
	Recognised in income		from donations	and legacies:
	Government grants income						10/81		60,928