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||||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|
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|Reference|and|administrative|administrative|details|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Registered|charity name||||Waterfront
Gallery||||||||
|Charity registration|||number||1126403||||||||
|Company|registration||number||5334551||||||||
|Principal|office and registered||||The Old Sail Loft Discovery||Quay||||||
|office|||||The Docks||||||||
||||||Milford Haven||||||||
||||||Pembrokeshire||||||||
||||||SA73 3AF||||||||
|The trustees|||||||||||||
||||||Mr DRS Clarke||||||||
||||||Mr DA Randell||||||||
||||||Mr AE Sangster||||||||
||||||Mr TC Arthur||||(Appointed|31|March 2021)||
||||||Mr RWC Thompson||||(Appointed|31|March 2021)||
||||||Mr PD Edgington||||(Appointed|31|March 2021)||
||||||Mrs TJ Prior||||(Appointed|31|March 2021)||
|Company|secretary||||Mr DA Randell|(Resigned|31/3/21)||Mr AE Sangster||(Appointed|31/03/21)|
|Independent||examiner|||EVENS &CO LTD Chartered|||Accountants|||||
||||||Hamilton
House||||||||
||||||Hamilton
Terrace||||||||
||||||Milford Haven||||||||
||||||Pembroke shire||||||||
||||||SA73 3JP||||||||
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||||||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|
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|||||2022||2021|
|---|---|---|---|---|---|---|
||||Note||||
|Fixed assets|||||||
|Tangible
fixed assets|||14||||
|Current assets|||||||
|Debtors||||1,105||1,105|
|Cash at bank|and in hand|||53,190||59,685|
|||||54+95||60,790|
|Creditors: amounts||falling due within one year|16|(17,108)||(16,056)|
|Net current|assets||||37,187|44,734|
|Total assets|less current liabilities||||37,192|44,740|
|Net assets|||||37,192|44,740|
|Funds ofthe|charity||||||
|Unrestricted|funds||||37,192|44,740|
|Total charity|funds||18||37,192|44,740|
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|5.|Donations|and legacies|||||||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2022|Funds|2021|
||Grants||||||||||
||Government|grant||income|||10,381|10/81|60,928|60,928|
|6.|Other trading||activities||||||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2022|Funds|2021|
||||||||||f||
||Gallery income||||||40,527|40/27|76,427|76,427|
|7.|Costs ofother trading||||activities||||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2022|Funds|2021|
||||||||f||||
||Fundraising|trading||—Gallery||costs|55,910|55,910|80,698|80,698|
|8.|Expenditure||on charitable|||activities by fund type|||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2022|Funds|2021|
||Support costs||||||2,546|2,546|14,453|14,453|
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|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|
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|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|
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||||||||At|
|---|---|---|---|---|---|---|---|
|||||At||28|February 20|
|||||1 March 2021
f|Income|Expenditure
f|22|
||General|funds||44,740|50,908|(58,456)|37,192|
||||||||At|
|||||At||28|February 202|
|||||1 March 2020|Income|Expenditure
f|1|
||General|funds||2,536|137,355|(95,151)|44,740|
|19.|Analysis|ofnet assets between funds||||||
|||||||Unrestricted|Total Funds|
|||||||Funds|2022|
||Tangible|fixed assets||||5|5|
||Current|assets||||54,295|54+95|
||Creditors|less than|1 year|||(17,108)|(17,108)|
||Net assets|||||37,192|37,192|
|||||||Unrestricted|Total Funds|
|||||||Funds|2021|
||Tangible|fixed assets||||6|6|
||Current|assets||||60,790|60,790|
||Creditors|less than|1 year|||(16,056)|(16,056)|
||Net assets|||||44,740|44,740|
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|Year ended 28 Fe|brua|ry 2022|||
|---|---|---|---|---|
||||2022|2021|
|Income and endowments|||||
|Donations
and legacies|||||
|Government
grant income|||10,381|60,928|
|Other trading activities|||||
|Gallery income|||40,527|76,427|
|Total income|||50,908|137,355|
|Expenditure|||||
|Costs ofother trading|activities||||
|Purchases|||(38,410)|(65,252)|
|Rent|||(10,333)|(6,991)|
|Light and heat|||(1,076)|(1,402)|
|Repairs and maintenance|||(2,779)|(1,593)|
|insurance|||(902)|(680)|
|Telephone|||(963)|(1,009)|
|Other office costs|||(80)|(1,293)|
|Depreciation|||(1)|(3)|
|Bank charges|||(976)|(1,100)|
|Sundry cost|||(390)|(1,375)|
||||(55,910)|(80,698)|
|Expenditure
on charitable||activities|||
|Wages and salaries|||(1,800)|(13,527)|
|Legal and professional|fees||(746)|(926)|
||||(2,546)|(14,453)|
|Total expenditure|||(58,456)|(95,151)|
|Net (expenditure)fincome|||(7,548)|42,204|