2020-12-31-accounts - The Sidney Nolan Trust

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Reference and administrative	details ofthe charity,	its trustees	and advisors	1
Trustees' report				2-6
Independent examiners' report	to the trustees
Statement offinancial activities
Balance sheet
Notes tothe financial statements				10-23

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2020	2020	2020	2019
		Note	6		E	F
INCOME FROM:
Donations and legacies			55,351	167,240	222,591	37,505
Charitable activities			274		274	13,744
Investments			36,098		36,098	2,952
Other income			13,934		13,934	47,185
TOTAL INCOME			105,657	167,240	272,897	101,386
EXPENDITURE ON:
Raising funds			1,940		1,940
Charitable activities			134,014	139,883	273,897	229,358
TOTAL EXPENDITURE			135954	139,883	275,837	229,358
Net Gains/(losses)	on investments		(3,183)		(3,183)	6,497
NET INCOME/(EXPENDITURE)			(33,480	27357	6 123	121475
Transfers between	funds	16	(1,000)	1,000
NET MOVEMENT	IN FUNDS		34,480	28,357	6,123	(121,475)
RECONCILIATION	OF FUNDS
Total funds brought	forward		761,089	1,051,050	1,812,139	1,933,614
TOTAL FUNDS CARRIED FORWARD			726,609	1,079,407	1,806,016	1,812139

				2020		2019
		Note				6
FIXEDASSETS
Tangible assets		11		635,618		637,176
Heritage assets		12		975,000		975,000
Investments		13		56,307		59,490
				1,666,925		1,671,666
CURRENT ASSETS
Debtors		14	5,616		65,331
Cash at bank and in	hand		154,218		86,317
			159,834		151,648
Creditors: Amounts due within one year	falling	15	~20,743		(11,175)
NET CURRENT ASSETS				139,091		140,473
TOTAL ASSETS LESSCURRENT		LIABILITIES		1,806,016		1,812,139
TOTAL NET ASSETS				1,806,016		1,812,139
CHARITY FUNDS
Unrestricted funds
General funds		16		726,609		761,089
Restricted funds		16		1,079,407		1,051,050
				1,806,016		1,812,139

Copyright income
Other income

Charitable activities
TOTAL 2019

	Analysis of	support costs	support costs
								Total	Total
								Funds	Funds
								2020	2019
								E	k
	Support costs								486
	Electric and	utilities						11,034	12,013
	Postage and	stationery						1,128	260
	Independent	examiners	and accountancy		fees			2,275	8,565
	Telephone							4,175	2,855
	Bank charges							25	422
	Events costs								242
	Professional	fees							7,567
	Health and safety							962	1,089
	Office expenses								1,684
	Travel and subsistence							2,778	600
	Marketing							2,377	4,414
	Subscriptions							2,299	286
	Sundry expenses							1,422	1,539
	Trustees expenses							2,838	3,396
	Other staff costs							2,205	1,311
	(Profit)/Loss	on disposal						1,373	(13,516)
	Education							6,744	9,145
								41 635	42 358
	INDEPENDENT EXAMINER'S REMUNERATION
								2020	2019
								8	9
	Fees payable	to the Trust's independent			examiner	in respect	of:
	Independent	Examination						1,440	1,750
9	STAFF COSTS
								2020	2019
								8
	Wages and salaries Social Security costs Contribution to defined		contribution	pension schemes				107,991 9,272 2,888	99,538 5,567 1,816
								120,151	106,921
	The average	number ofpersons employed			by the	Trust during	the year was as follows:
								2020	2019
								No	No
	Employees							5	4

COMPARATIVE S	TATEMENT OF FINANC	IAL ACTIVITY FIGU	RES
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		2019	2019	2019	2018
		8		8
INCOME FROM:
Donations and legacies		28,481	9,024	37,505	1,112,619
Charitable activities		13,744		13,744	9,866
Investments		2,952		2,952	7,302
Other income		47,185		47,185	31,377
TOTAL INCOME		92,362	9,024	101,386	1,161,164
EXPENDITURE ON:
Charitable activities		196,821	32,537	229,358	197,704
TOTAL EXPENDITURE		196,821	32,537	229,358	197,704
Net Gains/(losses)	on investments	6,497		6,497	(5,772)
NET INCOME/(EXPENDITURE)		97,962	23,513)	(121,475)	957,688
Transfers between	funds	14,225	(14,225)
NET MOVEMENT	IN FUNDS	83,737	37,738)	121,475)	957,688
RECONCILIATION	OF FUNDS
Total funds brought	forward	844,826	1,088,788	1,933,614	975,926
TOTAL FUNDS CARRIED FORWARD		761,089	1 051 050	1,812,139	1,933,614

									Unlisted
									Investments
									6
	COST OR VALUATION
	At 1 January 2020								59,490
	Additions/ (Disposals)
	Revaluations								(3,183)
	At 31 December 2020								56,307
	NET BOOK VALUE
	At 31 December 2020								56,307
	At 31 December 2019								59,490
	All the fixed asset investments			are unlisted	investments	and are held	in the UK.
14	DEBTORS
								2020	2019
								6	6
	DUE WITH ONE YEAR
	Prepayments and accrued		income					5,616	6,131
	Grants receivable								59,200
								5,616	65,331
15	CREDITORS: AMOUNTS		FALLING DUE		WITH ONE	YEAR
								2020	2019
								6	6
	Other taxation and social		security					1,781	2,487
	Pension fund loan payable							279	28
	Other creditors							3,000	1,000
	Accruals and deferred	income						15,683	7,660
								20 743	11175

MOVEIylENT IN FUND	S - CURRENT	YEAR
	Balance at					Balance at
	1January	Incoming	Outgoing	Transfers	Gains/	31 December
	2020	resources	resources	in/Out	(Losses)	2020
	8	E	8		8	K
Restricted funds
Sculpture programme	12,392					12,392
AHF/NLHF	59,713		(59,713)
Rodd Court & Orchard
Cottage	975,000					975,000
Hidden Gems	3,945	6,000	(6,744)			3,201
NHLF - Heritage Emergency Fund		50,000	(50,000)
Elephant Trust		2,000				2,000
Art Council- Emergency fund		20,000	(20,000)
NHLF Cultural Recovery fund		68,490	(3,426)			65,064
Historic England Heritage at Risk		18,750				18,750
My place		2,000				2,000
Learning programme				1,000		1,000
	1,051,050	167,240	139,883	1,000		1,079,407
Unrestricted funds
General funds	761,089	105,657	(135,954)	(1,000)	(3,183)	726,609
	761,089	105,657	135,954)	1 000	3,183)	726,609
Total funds	1,812,139	272,897	(275,837		(3,183)	1,806,016