COMPANY REGISTRATION NUMBER.. 5334551 CHARITY REGISTRATION NUMBER.. 1126403 Waterfront Gallery Company Limited by Guarantee Unaudited Financial Statements 28 February 2023
Waterfront Gallery Company Llmlted by Guaranlee Flnanclal Statements Year ended 28 February 2023 Pages Trustees. annual report lincorporaling the director's report) 1 to3 Independ8nt examiner's report lo the Iruslees Siaternent ol lin8nci81 activities (including Inrne and expenditure accounll Statement ol financial position Notgs lo the linanual statements 7t013 Tho lollowlng pay8 do not form part of th• Ilnancl81 gtalements Dgiai19d slatoment ol financial activities 15
Waterlront Gallery Company Limiled by Guaranlee Trustees. Annual Report Ilncorporating the Director's Report) Year ended 28 February 2023 Th¢ tTu%1¢¢4, wh() 41sc) Ihe dire¢t()Th fc)r lh¢ purpoK% of cotnpany Idw, pre%¢nt their repon and the unaudited finanri Sldiernenis of the chariry for ihe year ended 28 February 202.1. Reference and administrative detaTrls Registered ch&rit!' Waierfroni Gallery Charity registration nurnber 112(AOI Cvmpany regfjstratlvn number 5334551 Principal and registered office The Old Sail Loft Discovery Quay The DuLk Miltord Hai'en Petnbrok"eRhire SA73 3AF The trustees Mr DRS Clarke Mr DA Rdndell Mr AF Sang%rer Mr TC Arthur Ir RWC Thompson Mr Pl) P.dginglo Mr4 TJ Priui (Resigned 2 March 20231 IRe%igned_30 September ?0221 (Reiigned ! Mdrch ?O!Jl Company secretsry Mr AE SarKJster Indendent examlner FVF.NS & CQ LTD Chdrt¢red ALLX)Urtianis HdTnilti)n Hi)u%e Htiinilton Terrace Milfc)rd Hdi'en PLinbroke5hire SA7.1.IJP Structsxr& governance and management (voverning document The chdJiiy is controlled by irs rnetnorandum and arricles of &5sociation adnptLxl 15 December 2tW and consiiwte% a litnited ¢ompany. I111C[l by guaran*e &% (lefin¢d by the Cump4rties Ath 2tKI6. Trustees In ac¢or(Idnce with Ihe con51iiurion. mernbers ()t' Ihe eAeculive elecied Jnnudlly dnd all executive commillee Th¢tnber5 are tlecred TNstee5 of ihc Lharity. Trusiees holdjng oifice during the year are included ID thi% Tepurt.
Waterfront Gallery Company Llmlted by Guaranlee Trustees. Annual Report (Incorporaling the Direclor's Report) Year ended 28 February 2023 Stru¢thrG gowernwnre and rnanagement(rvAWAwd) Risk Management Th¢ tTusl¢e4 have a dur). io iderbiify and Tei'iew ihe risks which the chan.ty ks ¢XWJal 3Thd to ensure appTtJprbale controls are in pldce 10 PFOI'ide assurawe againm fraud and error. Obiectivts aDd attiiities The chaThiable ObjealeS of Organition to Ptom(Ae. rnainlain. i[npV¢ aJKI adi'ance educaiion bv the enLoufdgetn¢nl of the an5 including. M'ithoui limiiaiion. Ihe arts of dram& mime. darK. singing dnd mu%it. The benefiis thai flow from ihe atM)ve obJ"e¢iiv¢% and xtiNiti¢s inrlude prOding all participants u'iih an enhanced qualiry of life achieved through the understandkng and PifftiLIIYdtiOrt in the atL%. Surh VleT5dj1jg 15 P>[no[¢d by bringing people lu¥eiher and achiei.ing greater Sla1 cohtsion and community lile. Acbievements atMI perfonnanLT The SLqtr ol ?022-20?_3 saw a continudlioTh of p)QT t5131)Y in relaiion io ihe more exFnsive pieces of Wk. li shO.ed a relUctae by customers io Snd althIgh w'e cuntinu¢d lo haie pleniy of listr5 who enjoyed Ihe eAhibir.4. We Idunched th¢ WaJ¢s Coniemw)rary in the srfftng and had an amazing respSe with over 21MX) etttries fmm 42 couniries worldwide. The of entty fee5 for thi% was a gr¢iit 1P io TThainiain ihe 0r[lon of the gallery. our 5ch(K)I& ¢Ahibiiions arKi 10 Showcase the work of our regulat drtists. The exhibition of W'ales Coniemtw COM11110 i(Kik place in autumn )d we a]50 trdnsp)rted the show LO London here it was exhibid fi)r d week th¢ OXO Gallery. A huge blow to the ga]l¢ry rame when Paer. (wr most reliable voluner. and 8Ki fneEKI 10 the 8aliery. tcame ill in the Summer a1 slly patsed away in Noi"¢tnixT. We were abk io recommence our Pembrokeshire st)LS ¢xhibiiion in Felw and this was very well rettivcd and a exLelleni end iu the y¢ar_ Website The LhJTity a w¢lTh"ii¢. wWw.Ihe.alerfr0lgaIIery.co.llk. Ii is intethl thai the website gives infornation of aaiviiie5 ai the g]ery and pronM)ie5 It lo a wider cu4toTher base. Financial re¢ The resteS held ai the Ve end £15.536 surplus (?02? . £.17.192 WTpIu51. The gallery uiiltse4 115 fuHds to Ttwimisc ils applicatii)n io meei rhe objeai&es in promoting the arts. The gallery does ]M)t knld unnece%sary funds bui is able to meet il4 ubligdti(3Ds due 10 ihe kind C1bJtions by its benefaCrS. Plan5 for future peri(ts In the cvming y¢ar we plan io coniinue &'elOping the Wales corÈieMrdr¥ Inkrnational Exhibiiion. launching in Spring 20?3. judging in late Summer 20?3. and ethibili¥Jg shonlived entries in Milford Ha¢ ai ihe W'aterfJvnl G311¢ry. in OL'lurlNUyetnber )lTr?.l. Ai sarne time a Chrisrmas exhibition LS planned for the Wa*rfA)ni between late November and the ¢1 of Dec¢mr 2023. Our Pembrukeshir¢ YkKvls' eKhibiiion is planned to be held again during the month of February 2024.
Waterlronl Gallery Company Limiled by Guaranlee Trustees. Annual Report Ilncorporatlng the Dlrector's Report) irt%JthwdJ Year ended 28 February 2023 11 ¢sPanY provisions This rerx)rt has trten prepartd in accordance wilh the wDvisi(s atvlicabk w ¢0m[leS entsded the small co]npanies exemFrfiOn. Th¥ ¢tustre%' annual rewn was approved on 13 (kEdJ¢r 21r13 aNI signed on ithlf of Ihc t*Jard of irumtts by.. Mr DA Randell Tru%lee
Waterfront Gallery
Company Llmlled by Guarantee
Independent Examlner's Report to the Trustees ol Watertront Gallery
Year ended 28 February 2023
I report 10 Ihe Iru%i¢¢N (In tny eXaTninali()n ()r Ihv fin¢7] 4itiiemeni% of Wdierfroni Gallery I'the churiiy'l for the ycar
ended ?8 Februdry ?1113.
Responslbilltle% ¥nd b4Lsls of repurt
AN the chaniy'4 Iru%ie¢% i)I' lh¢ Ci)mpany Iwhci lire 41) the dirvLlI)ts uf IhL' Liinipany fÉ)r the purpiles of cOtllPÉY14W},
y()U 4we re4txin4ibl¢ I'i)r Ihe Pp11[alln i)f lh¢ aLLouni% In aceordanie wilh the requiremenis 1)I' lh¢ Ciitnpanie4 Ail 7(.
HJvin8 wtisfjed myself thui ihe accounis ol. Ihe Q-i)rnwJny ure n(?1 rrquirrd io k uudiied for this year under Pan 16 of Ihe
21M)6 ALI dTKI dr¢ ¢libTihl¢ l()r ind¢.1 L'Xaniili'.Ilii)n. I rL'rAirt 111 rL'%r)eil niy Lxaininaii(In (?I' yi)ur (b1[Y %
Waterlroni Gallery Company Llmlted by Guarantee Slalemenl of Financial Actlvltles (includlng Income and expenditure account) Year ended 28 February 2023 2023 20?2 Unie%tricie(J funds Tutsl fund5 Totsl funds Note Income and end(bwments th)ndiion5 4Lnd legdiies Oiher Jiliyili¢% 10.181 40.-577 58.665 58,665 To¢81 IncnTne 58.665 58,665 5(1.9Q8 Expenditu Expenditure ()n rai%iDg fund%'. Co%1% vf i)IheT IrJding aLIiviii¢5 Expendirure on chilable aciii'iiies Total expenditu 179.5551 17661 17YJSSI 17661 155.glul 1? 5461 180.3?11 18OJ211 158.4561 Ntt expenditure net movement in funds 121,6561 121,6561 17,5481 Reconciliation ol funds Ti)lJl fund% hTC)ught f(Irward Total funds carried forw&rd 37.192 37,IY2 44.740 1.S.5.16 15J36 The 5taiemeni i)r rInLId] aLlivitie% in¢lu(l¢% dll an(J lo%ses recogni%e(l in Ihe year. All incorne and eipendiiure derive from continuing tiVItIe5. The notes on pag*$ 7 to 13 form p8rt of these flnanclal $tatom8nts.
Waterfront Gallery Company Llmlted by Guarantee Statement of Flnanclal Posltlon 28 February 2023 2023 202? Nole Flxed ats 1'4Lngible tixed ussct 14 Current 8ts 15 438 31,752 1.105 53.IIA) Cash 01 bank in hKI 32.1 54.295 ('redlttsr5: ¥mounts" f¥lllng wlihln ont ye¥r 16 116b581 117.11)8 let current 8ts 15J32 37,1¥7 Tvtsl auets cwrytni Ilblll¢ks 15J.16 37.192 rel wets 15J36 37.192 F'uThL% irf the charliv 37.192 To¢#1 ch#rl¢y fund 18 JS&16 37,192 Flir The year ending ?M l-ebTuary_W?.l it charbly was entiikd io cxcmoion from audii under >eaioTr 477 of the Ci)mpaniei Ail 21MKS T¢ling lo small comp4nics. DireLiofs' Tt%trfTrn%ibiliite%'. The ML.mr have ncA required ihe comwny 10 d)rain an audii vf 11% financiul Maicrncnls fur thc year in que%ii()n in accordan¢¢ with icrlic?n 476.. Th¢ dire¢ts)ts ¥kththvle(Ige their rtspbniibiliiie& forcMiplyiThg wilh the r¢quirewni$ of the Acl with respKI Io &ceouniin8 reLVTili and the twar4ion of finaKial stskments. These finaKial %iatrmenis have been F¥trAttd in ¢ThIance wiih the pmisi(m5 alICable to wmpani¢5 subjeei the small compwbiC3' regime. l'h¢ fiNmiiil %luletrnl% w¢r¢ apwov¢d by lh¢ bpanj of audM)ri1 for issue on l.l October 202.1. a¢*i are i¥ned on b¢hdll'c>f th¢ h)drd by". Mr DA Randell Trustee The nol8$ on pag8s 7 to 13 form part of these Ilnanelal statements.
Walerfront Gallery Company Llmited by Guarantee Noles lo the Financial Slatements Year ended 28 February 2023 General infornJ&tion The chariiy 1% d public benetii eniiiv dnd J privaie company lirniied bv gudrantee. regisiered In Engldnd and Wales and d regisiered LhtY in Engldnd and Wdle%. The addre%% ()f ihe Tegi%ier¢d otfice is Th¢ Old Sail Loft Discov¢ry Qudy, The D'k. Milfc)rd Haven. PeTnbr(ik¢4hiTe. SA73.IAF. Statement of compliance These finaEJcial 5raietnetLrs haN'e been prepared in compliance with FRS 102, The Findncidl Rewrting Stdndard dppliLabl¢ in ¢h¢ UK dn(I The Republic of Ireland,. Ihe Staietneni ot Recommended Pracitce dpplicable io chariiies PP1Dg theiT acciiuni.¥ in dccordance with the Financial Reporting Sianddrd dpplicable in the UK and Republic of Ireland IFRS I(121 IChiirilir% SORP IFRS 10211 dn(I the C(Itnpanies Aci 2(Th. Accounting polTrcie5 Basis of preparathon The findncjal suiement% hdve been prepared on the his11)riL411 c1 b&si%, m()difJ¢d by the reVlUation of certain ritidncial d5.ws and liabiliiie% and investrneni Prottle$ tneasured at fair value Ihrough 2ncotne or eKkKnditure. The findnrial Stsment% prepared in sierling. which is the funciional currency of the entsty. Going concern The]¥ dre no tnat¢rial unrertainiie4 aboul the chdriry'4 abiliiy lo continue. Judgernents and key sources of estimati(bn uncertsinty The prepardtion of th¢ fiD<inLidl %iai¢tnenls quiT¢S rnanagemeni EO nidke judg¢Tnenl.4, ¢%titnates and assumption thai atfect Ihe amoun1% reported. These e%lirndle% judbiernent% L()n(lAulY reIewed and arL based OE) exFetieniY and v¢her f<iLI(?Pi. including eAtKciaiion% of fuiur¢ ei'enis Ihdi 1[¢ beliei'ed lo TedwnJble under the CLrcum%tsnL%. Fund accounting Unrestricted funds dte avrfiilable for use dt th¢ di%cretion of the tru%le¢% lo funh¢r <Y vf the Lhariiy s purw>ses. De5kgnaied funds are unre%tricted funds by the injsiees for Pirt1uI fuiure project or cortJmitm¢nL RestriLod fund% re lubject 10 tr5triclions on their CAtndItUre declaTed by lh¢ donoT l)r thtt)ugh the ierm5 of an apFea]. and fa]1 inio ot)e ol two sub-Ll&%xe%'. re%triLied inLome funds or endowrneni funds.
Waterfront Gallery Company Llmiled by Guarantee Notes lo Ihe Financial Slalements {¢ortAx¥ Year ended 28 February 2023 Ar11¥ pAlcks Incomin% resounes All 1Coming resources are included in the stani of finaKia] xiiviiies when eniiilemeni has passed 10 the charity: li is probabl¢ thill th¢ ¢rtsn(TrTnif nefIts &i%(Kiiiid with thc transaction will flow ¢0 ihe rharity Hnd the amuni can reliably meUred. Th¢ following S1r1¢ p)liLi¢s ar¢ applied iu partilur L4ti¢gurie% uf iOLome'. incom¢ fn)m donaiiotb or grants re¢ognis¢J there is ¢viden¢e of enTiilemeni ¢0 thc gift. r¢¢eipi is PTobabl¢ aTrJ ILS amouni can be measured reliably. kgacy income is rOSnI5ed when receilx is wthble and entiilemeni is established. income fTOm donaied gLxKls ts measured ai the fair value ol the 80J5 unless ihi% is impraaical 10 meosure reliably. in whiLh case lh¢ va]u¢ 1% tsrii¢d from lh¢ CO lh¢ dorK)r or Ik e%lLmdted re1¢ %dlu¢. Dondied faLiliiies al services are recogni in the Jccounis when received Éf the value be reliably med%ufL'd. No amoun15 aTr Inclu(1 for the contr11b0 of 8eneTal voluneT5. illLVmC fTDrn LvfbifuLL% for %upply of services i4 reco8fbied wilh delii'ery of the contr1¢ %ervi¢e. Thi% 1% cla5%ified unTe%tricied fund% unleK¥ thcre is a coniTaclual requiremeni for it be speni on 4L pJrtiLular pu0%¢ and reiumed if in which case li may regded &% tt&tyi¢d. Re50urce5 expended Expttxliiure is re¢ognised on an a¢¢Nals btsi5 as a liability 1$ Exp¢ndiIu i¢)clud¢s any V AT whieh Cann bt fully rwov¢red. is ¢lassifi¢d ynd¢r heing5 of tk su¢m¢nt of financial actie5 10 which li Telas'. exFtndiiure on rdi%in8 Ilu{le% the COSL8 of ajl fundraisin8 Xtivities. events. non-charitsble iradinB aLiiviiie%. and ih¢ 1¢ of dotui¢d ¢xFtxtiiure on Lknritabl¢ Jciiviiies include. all cosis incurred by a chsriry in undenking affliviiies th funher 11% Lhlb]e dirn% for the nefIt of li% nefiCiat. irbcludin8 those co515 and cost% Tcldling to thc governancc of the charity IPWlOntd io chui¢ablc &1iviti¢& r ¢1dIture irKludc% all eipendilurc thal i¥ ncithcr rrlated rni5inB funds for thc Eharity nor port of its expermliiure on LhJntdble aLiiviiie%. All w%1.¥ are all(Kalcd io cxtrndiiur¢ rale80riO Trflerling thc of the WrfKLrtt. Dirrfi costs attr1&ble ¢0 4 ingle J¢¢ivily ore all(KJlcd diffrtly ti) Ih41141ii"ily. Shad ¢oits ar¢ aptXJnLoned beN¢¢n the activitie% they coniribuit 10 on a Te&%onable. jusiifiabie and LY)nsisient trA8is. Tanglble Tangible a%seis are iniiidlly reLOTdeil ai cos1. a1 subse4uenily sthied ai c051 le55 an) accumulaied deprecilltion and irnpairnleni losses. Any thn8ible &%sets carried ai Tevalued amounis are recorded ai Ihe fair valuc at the ddl¢ of rrvalualion ks5 any Subw1 arrumul*d deprIation and SU1¢1 a¢cumulat¢d impairnnt losses.
Waterfront Gallery Company Limited by Guarantee Notes to the Financial Statemenls l¢ontlnwdl Year ended 28 February 2023 Accounting policie5 1rojthnttIl Tangible 8ssets [cnIrl1) An incTea%e in the carrying amoyni of dn dssei a resuli ola revdlualion, ]% re¢vgnis¢d in oiher recogni&¢d gdins 2nd lossei. unles% it reveTre% a rharge fc)r itnpaiTrnenl thill hag previously recognised as exFenditure within the statement of fjnancial aciiviiies. A deLred%e in the arngunl uf an a%%et as a resuli of revaluaiion. reLci¥nised in other recognised gnS and losses. excepi to whiLh ii uff%ei% arty previuu% revaluation gain, in which ce the lo%$ J% 8hown within i)Ih¢r r¢¢ognised gilills and1055es on ihe ¥ialerneni of financial activjiies. Depreciation Depr¢Lidlion 15 calculated SO d5 to wriie off the cost or vaiuaiion of ati &%sei, le%$ its T¢sidudl value, over the useful economL life vf thJl a54el a5 follows.. Plani and TnachÉnery eic ?5% ]tducing baldnLr ImpaTrrment of fixed #&stLs' A review for indica10 of impairn)ent 1% out dl ¢4ch r¢FK)rting dat¢. with rhe recoveTable amount beitlg estimaied where such JndiLdior% exi%t. Where Ihe LyIn¥ value ¢xLrr(14 the recoi'erdble (itnouni. Ihe it5sei is impaireii aLLoTdingly. Prior itnpitirrnenis are dlso reviewed for ros5ible reversal at Lach reponing ddle. For the purrMJses of IMp[Ment te%ting, when il 14 ni)l Fxi%4ible lo eslitnate the reroveTiible aTnouni of an individu&l &&sel, an ¢4titnate 1% tnade of Ihe recoverable amount of the cabh-generaiing unit 10 which the a5hei telongs. The cL4h-geneTdling unit is the SJlliilles1 identifiable group of a5se15 thai include5 Ihe assd and generdies cash inflows thai largely independent ol the ca%h infli)w% ITVtn oiher or gTVUP% ()f J%s¢15. Cyovernment grunts Goven)Tnelll grdllL% are recogni8ed ai the fair value of the &%%et received or reeeivable. Grant% we not r¢Logni%ed until the is reasonable as¥urance ihar Ihe charity will comply with (he condirions allachillg 10 thern and the grants will bc received. Where Ihe grani d5 not inipose specified future rfUmidnLe-relttil Lundilion% the reLipienl, il 1% reLogniied in inwrne when the grani proce£d5 are received or receivable. Where the grani d(s irnpose specified furure perforinance-relaied Londiiions un ihe reLipieni. il IS reLvgnihed in illLume unly when the perfumidnce-reldied condiiion5 have been rnei. Where sranis receiTred are prior io satislyii)b the revenue reLO8niliOrt criteria. they are cognised ds d liability.
Waterfront Gallery Company Llmlted by Guarantee Notes lo Ihe Financlal Statements (contlnLdj Year ended 28 February 2023 Ac¢ountlllg pollck5 Ironliffrmdl Flnancknl instrurnents A fin4lnLi(Il a%Nei or tinJnLial liability is recognised only when ihe vniily beromc.¥ a party io the contraLlual provi%ion.% ()f th¢ in4irutneni. Ba%iL findnLial iniiruinertl% initially r¢Lc)g7ni%¢d itl the atn()uni receivdble ()r payable inLluiitnb? reldied Iran%aLlion iosls. unlL%I IhL 4rr4nbLmeDI Ic)n%¢ilUl¢% u findnLing irun%aLlion. where li is reco8ni¥ed ai Ihe pr¢seni value of the future paymenis di%¢0niLd Ji a mdrkei ra of inierest for a liijllilur debi in&truTheni. Curreni aiiei% £utT¢nl liabiliiie4 ure %ubsequenily mei4ured ai the Ldsh or oiher iongideratstsn expelted Iv i paid ()r received and n()1 Ji¥iounied. l)ebl in%inJmeni% dre %ub%¢qu¢nily meu%ured at ilrnortised LQ%l. l.ImltLYI by xuJThntee Th¢ ¥ompuny )% litnid by guarnnlee. Don¥ilnns Mnd It¥#LI¥s Unr¢lilriilLd I'(It¥l Fund 2023 Unre%ifiLieLI Toul Fund 2U22 CJC)ILmmeni grunt inc()rne 10,381 Ulher tr8dlni actlvltle Unre%triil¥J T¢btMI Unr¢%lTiLled TutsLI Fur 21122 21123 Gllllery incornc 511.665 511,665 40,5?7 40,527 Costs of uther iradlnkv ycilvltle5 UntrIctld I'litsl Trund.s 2U23 Unrelilriried Tutal FuA 2022 Fundraising trading Gdllery c0%15 79,555 79J55 55,910 55,910 Expendlture on chmrltsble #LllvlllLY by fund typE UnTe%tri¢t¢d Tvtal Pund5 Funds 202J Unresrricied Tal Fur5 2022 Support Lus15 766 766 2.546 2.546 10
Waterfront Gallery Company Limited by Guaranlee Noles lo the Financial Slatements {rortWN Year ended 28 Febwary 2023 Expenditure on dritable actiTrities by actiTritTr tv Total fu15 2023 Tool fund 2022 SupFx)rt C0515 Governa[¢ Costs 766 2.546 10. Net expenditure Nei eX1)dItI1 IS afterrhaIg1n(Credi1ingI= 2023 2022 DepreciÉok of tangib]e fix ass¢ts 11. INdewideI exarnination ftts 2023 2022 Fee% payable to the indqrrthnr examÉner for. Independent exdminaliun (Trf the financial 7511 12. Staff costs ioral 5thff costs and employee tter115 for tht re[]118 ana]y&ed as follows." 2023 2022 Wages and salaries 1,8(X) The average rount of employees during rk year w&s Nil 12022= 21. The averd8e number of full-iime equivalenr employees durin8 the year t5 dnalystsl s follows". 2011 2022 Num1 of No employee received emplovee benefiis of JtM)rt than £fA)IKX) (kni'ng y¢ar12022.. Nill. 13. Trustee remuoer#tiots #od expen4ks PaymeTrts iotailing £845 1?0?2 . £8?] I were Mr DA Randall (frnsittl for Selv¢S pmvidtsl to the Chariry. Trustees, Expenses Payments itxdiling £4,484 12072_ £2.7511 wcre io Mr DA Rarth]l (Twusleel ty rEimlwT5e exwJs ]r]red in Clg our his duties for ihe Chan"ry. Paymet)ts iotai]ithg £24 1?011 _ £6A)Ri to Mi TC Arthw ITtusteel to [br5e expense% incllrred in CaTrying out his duiies for Chariry. 11
Waterfront Gallery Company Limited by Guarantee Notes to the Flnanclal Statements (coftlln? Year ended 28 February 2023 14. Tangible fixed 8&sets Pldnt and machinery etc Totsl C05t At l Mar 2022 and 28 Feb 2023 502 502 Depre¢iAtiun Al l Mar 20?? ch¥¢ fi)r the year At 28 Feb 2023 497 497 498 Carrying amount At 28 Feb 2023 Ai 28 Feb 2022 15. Debtors 2023 2022 Oiher debtors 43 1.105 Oih¢T debtor5 include an amount of £t)il 12022 £nill due fr mutt thdn one yedT. 16. Creditors: amounts faliÉn% due wlthln one y¢Ar 2023 2022 Trdde credjiors Arcrulls and deferred income Oiher crediior5 12 2.083 14,.4fi3 680 14.428 16,658 17,108 17. Govtrnment grants The dmvunts r¢Lo¥nise(l in the flnancial 5taietnenis for governtnenr granis are as follows.. 2023 2022 Recognised in incorne froTn donaiions and legacies.. Governrnent grants income 10.381 12
Waterfront Gallery Company Llmited by Guaranlee Noles lo Ihe Financial Slatements (cort*N Year ended 28 Febnmry 2023 18. Analysts oftharitabk fvnds LnrestTitted fvDds At l Mar ?2 I[rne ExndItU At 28 Feb 21111 General funds 37.19? 58.665 180,321) 15536 At l Mar?02l Ex[KIlre At ?8 Feb 2022 Gertrdl fuJ)d5 44.740 50.4)8 158.4561 37.192 19. ANaly5is ofnet ets between fvThls Unresrricied Fund5 Totsl Fund5 2023 Tangible fixed assets Cutr¢nt &55ets Crediiots Itss than l year 1¥4et assets 32,1 11&658 116.6581 15.536 15536 Unrestricted Fund5 Tothi FUtlS 2022 TaTh8ible fixed assets Curreni assers CteditOT5 les5 than l year 54.?95 117.1081 54,295 117.1081 4et 37.19? 37.192 Related partie5 ND tTrnsacriolls wilh related panits were uThknakeTh such &s are required disclos&J under the Charities SORP Fmanciai Ryrting Stsndard 10? 13
Waierfronl Gallery Company Llmlted by Guaranlee Management Inforniatlon Year ended 28 February 2023 Tho lollowlng p•ps do nol form p•rt of th• flnn¢ll *tstèmonts. 14
Waterfront Gallery Company Llmlted by Guarantee Detalled Ststemenl of Flnanclal Acllvltles Year ended 28 February 2023 2023 2012 Income and tnthbwmtnts Donxtions and lewit I"iii%ernmeni grani IrKiirne 10.381 l)ther tr#dln% artlvltles 58.665 To1 IncLmse 5&665 So,8 .'xptrndlture ('Th%Ls ijf other tr1% ardvltlts 157.891>1 I¥I.IKMII IIX.4101 Reni Lighi heiil RepJirN Maintena¢ In¥urJnLe ()Ih¢T mu¢orltravcl w5ts Tel¢phi)ne ()Ih¢r i)Ifiie ¢OSL Depreiiaiiorb Hank lhse SundTr 11.0761 12,77411 19)21 i.l.IlY.I 14.1146 196.11 1801 19761 1.I4MII 179 4451 155.910 .xnd11urt un ch#rltoble Mctlvlik ixg41 and w()re$1(n8l ftts 17661 17461 17661 (1.5461 Total exprndl¢u 180.1211 158,4561 tt expendliure 12IAVp 17.54111 15