2021-12-31-accounts - The Fry Art Gallery Society

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

Statement offinancial	activities f	or	the year	ending 31	December 2021
					Unrestricted	Restricted	Total	Total
				Note	funds	funds	2021	2020
Income from:
Grants, Donations and Membership			fees,		25,800		25,800	13,481
Donations re Gallery Expansion						235,006	235,006	199,705
COVID-19 Grants and	Insurance	Claim			14,096		14,096	34,830
Charitable Activities					30,251		30,251	11,395
Other trading activities					23,060		23,060	2,336
Investment income					138		138	704
Total incoming resources					93,345	235,006	328,351	262,451
Expenditure on:
Raising funds					15,305		15,305	15,002
Charitable expenditure					69,864	241,300	311,164	51,780
Total charitable expenditure					85,169	241,300	326,469	66,783
Net incoming resources					8,177	(6,295)	1,882	195,669
Fund balances brought	forward
At 1 January 2021					404,303	210,361	614,664	418,995
Transfer between funds
Fund balances carried at 31 December 2021	forward				412,480	204,066	616,546	614,664

Balance sheet as	at 31December 2021
			Unrestricted	Restricted		Total
		Note	funds	funds	2021	2020
Fixed Assets
Freehold Property			200,000		200,000	200,000
Current assets
Sundry Debtors			2,979		2,979	17,003
Cash at bank and	in hand		219,299	205,066	424,364	404,409
			422,278	205,066	627,344	621,4'/2
Current Liabilities
Creditors: amounts	falling due within one year	5	9,798	1,000	10,798	6,748
Net assets			412,480	204,066	616,546	614,664
Represented by:
Income funds
Unrestricted Funds			412,480		412,480	404,303
Restricted funds				204,066	204,066	2f0,36'/
Total funds			412,480	204,066	616,546	614,664

Notes forming part oft	he	fi	n	ancial	statement	s for the year en	ded 31Decem	ber 2021
						Unrestricted	Restricted
						funds	funds	Total 2021	Total	2020
Incoming Resources
Grants, Donations and Membership					fees,
Membership subscriptions			and donations			13,238		13,238		'/2,981
Permanent Collection Grants				"Ceramics"		4,000		4,000		500
Sponsorship of Exhibitions						6,563		6,563
General sponsorship						2,000		2,000
						25,800		25,800		13,481
Donations re gallery Expansion
Members and General	public						235,006	235,006	199,705
Development Loans
							235,006	235,006	199,705
COVID-19 Grants &Insurance				Claim
Gov. Covid-19 Grants						14,096		14,096	24,830
Covid-19 Loss of Income		Insurance			claim				10,000
						14,096		14,096	34,830
Charitable activities
Income from Gallery sales						14,482		14,482	11,135
Income from Online Shop						15,309		15,309
Sale ofdonated pictures						460		460		260
						30,251		30,251	1'/,395
Other trading activities
Commission from selling		exhibitions				20,884		20,884		1,200
Events, fees and royalties		etc				2,177		2,177		1,136
						23,060		23,060		2,336
Expenditure
Raising Funds
Membership costs						5,361		5,361		3,820
Publicity 8 Subscriptions						2,657		2,657		1,799
Display and Selling exhibition				expenses		6,600		6,600		6,226
Fundraising costs						687		68?		3,157
						15,305		15,305	15,002
Charitable activities
Additions to Permanent	Collection
donated to NNIECT						10,349		10,349		4,276
Other Collecting Cultures		expenditure								71
Conservation and Curatorial						11,542		11,542	4,616
Gallery management						11,032		11,032	14,219
Gallery "Too" management						20,116		20,116	18,970
Cost ofGallery sales						14,095		14,095	4,850
Support Costs						1,404		1,404		1,486
Website upgrade						1,325		1,325
Gallery Development expenditure							241,300	241,300	3,293
						69,864	241,300	311,164	51,780

Debtors						2021	2020
Debtors and payments		in advance				2,979	17,003
Creditors						2021	2020
Creditors: amounts falling due			within	one	year	10,798	6,748
Statement ofFunds
									At 31
						At 1 January			December
						2021	Income	Expenditure	2021
Restricted funds
Gallery Development						210,361	235,006	241,300	204,066
Gallery Development	Loans
Transfer from General		Fund
Total Restricted funds						210,361	235,006	241,300	204,066
Unrestricted funds
General funds						88,707	93,217	85,169	96,755
Transfer from New Purchase			Fund				5,515		5,515
Transfer from Gallery	Development			Fund
				Sub Total		88,707	98,732	85,169	102,270
Fixed Asset - Fry Art Gallery						200,000			200,000
Designated Fund - New		Purchases		Fund		33,089	42	5,515	27,616
Designated Fund —Building Development					Fund	82,508	86		82,594
Total Unrestricted funds						404,303	98,860	90,684	412,480
Total funds						614,664	333,866	331,984	616,546
Analysis ofnet assets		between funds
						assets	liabilities	Total
Restricted funds						205,066	1,000	204,066
Unrestricted funds						422,278	9,798	412,480
						627,344	10,798	616,546