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|CONTENTS|||||||
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|||||||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||
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||||||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|
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|||||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|
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|||||||||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||
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|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||
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