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|||||Unrestricted|Total|Tote/|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2022|
||||Note|E|6||
|INCOME FROM:|||||||
|Donations
and legacies|||3|5,458,902|5,458,902|562,450|
|investments|||4|52,002|52,002|36,521|
|TOTAL INCOME||||5,510,904|5,510,904|598,981|
|EXPENDITURE ON:|||||||
|Raising funds|||5|28,230|28,230|6,697|
|Charitable
activities||||402,056|402,056|564,368|
|TOTAL EXPENDITURE||||430,286|430,286|571,065|
|NET INCOME BEFORE NET (LOSSES)/GAINS||ON|||||
|INVESTMENTS||||5,080,618|5,080,618|27,916|
|Net (losses)/gains|on investments|||(696,025)|(696,025)|295,631|
|NET MOVENIENT|IN FUNDS|||4,384,593|4,384,593|323,547|
|RECONCILIATION|OF FUNDS:||||||
|Total funds brought|forward|||4,938,352|4,938,352|4,614,805|
|Net movement
in funds||||4,384,593|4,384,593|323,547|
|TOTAL FUNDS CARRIED FORWARD||||9,322,945|9,322,945|4,938,352|
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023
6|2023
5|2022f|
|Donations|390,830|390,830|309,353|
|Tax relief claimed|318,710|319,710|253,107|
|Legacies|4,748,362|4,748,382||
|Subtotal|4,748,362|4,748,362||
|Total 2023|5858,902|5,458,902|562,460|
|Total 2022|562,460|562,460||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023
E|2023
E|2022f|
|Dividends|47,427|47,427|36,446|
|Bank interest|4,575|4,575|75|
||52,002|52,002|36,52'I|
|Total 2022|36,521|36,521||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||E|E|E|
|Porffolio management|charges|19,346|19,346|12,597|
|Forex movement||8,884|8,884|(5,900)|
|||28,230|28,230|6,697|
|Total 2022||6,697|6,697||
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|||Activities|Grant||||
|---|---|---|---|---|---|---|
|||undertaken|funding
of|Support|Total|Total|
|||directly|activities|costs|funds|funds|
|||2023|2023|2023|2023|2022|
||||E|E|E|E|
|Support costs||||83,840|83,840|60,199|
|Grants and donations|(note 8)||269,624||269,624|462,500|
|Wigwell Lodge costs||21,592|12,000||33,592|34,559|
|Wigwell Lodge Partnership||15,000|||15,000|7,000|
|||36,592|281,624|83,840|402,056|554,368|
|Total 2022||25,669|477,500|60,199|564,358||
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|||Total|Total|
|---|---|---|---|
||Activities|funds|funds|
||2023
E|2023
E|2022f|
|Staff costs|33A66|33,466|21,836|
|Depreciation|20,236|20,236|15,958|
|Bank charges|148|148|49|
|Accountancy|4,817|4,817|4,245|
|Meeting expenses|7,827|7,827|4,454|
|Printing,
Postage &stationery|1,885|1,885|1,986|
|Insurance|2,622|2,622|2,427|
|Audit fee|3,155|3,155|2,915|
|Marketing|3,684|3,684|326|
|Legal &professional|6,000|6,000|6,000|
||83,840|83,840|60,199|
|Total 2022|60,199|60,199||
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|||Grants to|Grants to|Total|Total|
|---|---|---|---|---|---|
|||Institutrons|Individuals|funds|Funds|
|||2023|2023|2023|2022|
|||6|6|||
|Grants|to institutions|269,624||269,624|462,500|
|Wigwell|Lodge Residency Programme||12,000|12,000|15,000|
|||269,624|12,000|281,624|477,500|
|Total 2022||462,500|15,000|477,500||
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|||||||2022|202(|
|---|---|---|---|---|---|---|---|
|NAME OF INSTITUTION||||||8||
|University
of Edinburgh|||(Judd Hume)||||10,000|
|Graves Gallery||||||89,000|89,000|
|Courtauld
Gallery|||||||50,000|
|Art UK|||||||50,000|
|Roche Court Educational||||Trust|||25,000|
|National
Museums|of||Wales||||10,000|
|National
Gallery|||||||43,500|
|The Common
Guild|||||||15,000|
|Association
for Art|History|||(UK)||22,800||
|DASH (TAF)|||||||150,000|
|MK Gallery (TAF)|||||||5,000|
|Focal Point Gallery|(TAF)|||||19,500|5,000|
|De la Warr Pavillion||(TAF)|||||5,000|
|Turner Contemporary|||(TAF)||||5,000|
|Hammer
Museum||||||21,371||
|Holburne
Museum||||||15,000||
|Hundred
Heroines||||||5,953||
|Photoworks||||||20,000||
|Royal Academy ofArts||||||5,000||
|Sir John Soane's Museum||||||25,000||
|Firstsite||||||25,000||
|Studio Voltaire||||||15,000||
|Disability
Arts||||||5,000||
|||||||262 224|462 262|
|AUDITORS' REMUNERATION||||||||
|||||||2023|2022|
|||||||5|5|
|Fees payable to the
annual
accounts||Foundation's|||auditor for the audit ofthe Foundation's|3,155|2,915|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|Wages and|salaries|||||32,898|22,036|
|Contribution|to defined|contribution|pension|schemes||568|(200)|
|||||||33,466|21,836|
|The average|number ofpersons employed|||by the Foundation|during the|year was as follows:||
|||||||2023|2022|
|||||||No.|No.|
|Support (key management)||||||||
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|||||Freehold||
|---|---|---|---|---|---|
||Freehold|Fixtures and|Computer|Improvemen||
||property
E|fittings|equipment|ts
6|Total
6|
|Cost||||||
|At 1 April 2022|600,000|6,474||53,250|659,724|
|Additions||424|2,527|113,840|116,791|
|At 31 March 2023|600,000|6,898|2,527|167,090|776,515|
|Depreciation||||||
|At 1 Apdil 2022|44,000|4,640||3,682|52,322|
|Charge for the year|12,000|1,358|421|6,457|20,236|
|At 31 March 2023|56,000|5,998|421|10,139|72,558|
|Net book value||||||
|At 31 March 2023|544,000|900|2,106|156,951|703,957|
|At 31March 2022|556,000|1,834||49,568|607,402|
||Listed|
|---|---|
||investments|
||6|
|Valuation||
|At 1 April 2022|3,618,630|
|Additions|14,104,032|
|Disposals|(9,433,853)|
|Revaluations|(696,020)|
|At 31 March 2022|7,592,789|
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|14.|DEBTORS|||||||
|---|---|---|---|---|---|---|---|
|||||||2023
f|2022
f|
||Other debtors|||||319,710|253,437|
|||||||319,710|253,437|
|15.|CREDITORS: AMOUNTS
FALLING DUE||||WITHIN ONE YEAR|||
|||||||2023f|2022f|
||Accruals|||||9,055|3,704|
||RECONCILIATION|OF NET IIIIOVEMENT|||IN FUNDS TO NET CASH FLOW FROM OPERATING|||
|16.|ACTIVITIES|||||||
|||||||2023f|2022f|
||Net income for the year (as|||per Statement|of Financial Activities)|4,384,593|323,547|
||Adjustments
for:|||||||
||Depreciation
charges|||||20,236|15,958|
||Purchase
offixed assets|||||(116,791)||
||(Increase)
in debtors|||||(66,273)|(251,252)|
||Increase/(Decrease)||in creditors|||5,351|(1,508)|
||Unrealised
loss/(gain)||on investments|||696,020|(295,631)|
||Net cash provided|by/(used
in) operating|||activities|4,923,136|(208,888)|
|17.|ANALYSIS OF CASH AND|||CASH EQUIVALENTS||||
|||||||2023f|2022|
||Cash in hand|||||715,544|462,587|
||Total cash and cash||equivalents|||715,544|462,587|
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