2020-12-31-accounts

CONTENTS
						Page
Legal and administrative		information,	trustees	and advisers
Trustees' report					2-5
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements				9-11

					Unrestricted	Restricted	Total	Total
				Note	funds	funds	2020	2019
Income from:
Grants, Donations and Membership			fees,		13,481	0	13,481	40,914
Donations re Gallery	Expansion	(see Note 1b)			0	199,705	199,705	0
COVID-19 Grants and Insurance		Claim			34,830	0	34,830	0
Charitable Activities					11,395	0	11,395	43,866
Other trading activities					2,336	0	2,336	24,126
Investment income					704	0	704	1,321
Total incoming resources					62,747	199,705	262,451	110,226
Expenditure on:
Raising funds					15,002		15,002	15,380
Charitable expenditure					48,488	3,293	51,780	165,398
Total charitable expenditure					63,490	3,293	66,783	180,779
Net incoming resources					(743)	196,412	195,669	(70,552)
Fund balances brought	forward
At 1 January 2020					405,047	13,948	418,995	489,547
Fund balances carried at 31December 2020	forward				404,303	210,361	614,664	418,995

				Unrestricted	Restricted		Total
			Note	funds	funds	Total 2020	2019
Fixed Assets
Freehold Property				200,000		200,000	200,000
Current assets
Sundry Debtors				'17,003		17,003	2,667
Cash at bank and in hand				194,049	210,361	404,409	222,367
				411,051	210,361	621,412	425,033
Current Liabilities
Creditors: amounts falling due	within one	year		6,748		6,748	6,039
Donations re Gallery Expansion	received	in
advance
Net assets				404,303	210,361	614,664	418,995
Represented by:
Income funds
Unrestricted Funds				404,303		404,303	405,047
Restricted funds					210,361	210,361	13,948
Total funds				404,303	210,361	614,664	418,995

								Unrestricted	Restricted
								funds	funds	Total	2020	Total	2019
									F		F
Incoming Resources
Grants, Donations and	Membership					fees,
Membership subscriptions				and donations				12,981			12,981		21,401
Hl F Collecting Cultures			and		other	grants		500			500		'l3,'/13
Sponsorship of Exhibitions								0			0		6,000
Equipment Grant								0			0		400
								13,481			13,481		40,914
Donations re gallery Expansion
Members and General		public							199,705	199,705
								0	199,705	199,705
COVID-19 Grants 8 Insurance					Claim
Gov. Covid-19 Grants								24,830			24,830
Covid-19 Loss of Income				Insurance			claim	10,000			10,000
								34,830			34,830
Charitable activities
Income from Gallery	sales							11,135			11,135		42,446
Sale ofdonated pictures								260			260		1,420
								11,395			11,395		43,866
Other trading activities
Commission from selling			exhibitions					1,200			1,200		15,041
Events, fees and royalties				etc				1,136			1,136		9,085
								2,336			2,336		24,126
Expenditure
Raising Funds
Membership costs								3,820			3,820		3,231
Publicity								1,799			1,799		2,622
Display and Selling exhibition					expenses			6,226			6,226		7,474
Fundraising costs								3,157			3,157		2,054
								15,002			15,002		15,380
Charitable activities
Additions to Permanent			Collection
donated to NWECT								4,276			4,276	57,542
Other Collecting Cultures				expenditure				71			71		11,429
Conservation and Curatorial								4,616			4,616		14,894
Gallery management								14,219			14,219		12,583
Gallery "Too" management								18,970			18,970		18,419
Cost ofGallery sales								4,850			4,850	30,913
Support Costs								1,486			1,486		2,762
Gallery Development	fees							0	3,293		3,293		16,857
								48,488	3,293		51,780	165,398

Debtors							2020	2019
								F
Debtors and payments		in advance					17,003	2,667
Creditors							2020	2019	2020	2019
							Unrestricted	funds	Restricted	funds
Creditors: amounts	falling due within one					year	6,748	6,039	0
Statement ofFunds
										At 31
							At 1 January			December
							2020	Income	Expenditure	2020
								F
Restricted funds
Gallery Acquisition	8 Development						13,948	199,705	3,293	210,361
Transfer from General Fund										0
Total Restricted funds							13,948	199,705	3,293	210,361
Unrestricted funds
General funds							88,767	62,180	63,490	87,457
Transfer from New	Purchase		Fund					1,250		1,250
Transfer to Gallery	Development			Fund						0
					Sub	Total	88,767	63,430	63,490	88,707
Fixed Asset - Fry Art Gallery							200,000			200,000
Designated Fund -	New	Purchases			Fund		34,176	162	1,250	33,088
Designated Fund -	Building		Development			Fund	82,103	405		82,508
Total Unrestricted funds							405,047	63,997	64,740	404,303
Total funds							418,995	263,701	68,033	614,664
Analysis ofnet assets		between		funds
							assets	liabilities	Total
Restricted funds							210,361		210,361
Unrestricted funds							411,051	6,748	404,303
							621,412	6,748	614,664